AKIPRESS.COM - The Uzbekistan – Germany Business Forum was held with the participation of leading German companies and financial institutions of the two countries on the eve of the high-level visit of President of Uzbekistan Shavkat Mirziyoyev to Germany on May 2, UzA reported.

The business platform allowed the business circles of the two countries to discuss the potential of bilateral relations, identify new growth points and opportunities for building up business contacts, enhancing mutual investment and increasing trade between Uzbekistan and Germany.

According to the NBU, the National Bank for Foreign Economic Activity of Uzbekistan (NBU) and Deutsche Bank AG signed a loan agreement to attract a credit line for €130 million as part of the business forum.

The main advantage of this agreement is the possibility of attracting financing for investment projects without providing a state guarantee from Uzbekistan.

Through the credit line, the NBU will finance transport, mining and metallurgy, electrical industry and production projects for €185 million.

The implementation of these projects will improve the transport infrastructure and expand the industrial production of enterprises, including creating more than 1,000 new jobs and ensuring the export of high-value-added products for over €20 million, the publication notes.