Uztransgaz that has posted a $340 million loss in 2020, is included in the list of state-owned companies to go public in the next three years.

According to Fitch, the economy will expand by 6.2 percent in 2021 and growth will maintain strong momentum, averaging 5.7 percent in 2022-2023.

Moldova, wedged between Ukraine and Romania, has long been regarded as a watchword for corruption, money laundering, and the trafficking of women to neighbouring countries in Europe as prostitutes.

The EBRD will finance half of a 7.82 million loan euro provided by Uzpromstroybank to local medical producer Samarkand England Eco-Medical.

The loan will support policy, regulatory, and institutional reforms needed to create an enabling environment for competitive financial markets in Uzbekistan.