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Uzbekistan: Foreign Business Exodus Continues

For all its promises of easy riches, Uzbekistan is having a hard time keeping foreign businessmen around.

The head of the Uzbek branch of Russian telecom firm MTS has apparently become the latest foreign executive to bolt. According to the semi-official Uzmetronom, Bekzod Akhmedov fled this month after government auditors alleged tax evasion, misuse of funds and theft.

He's far from alone. Earlier this year, the general director of beer maker Carlsberg Uzbekistan, Russian citizen Evgeny Shevchenko, quietly left for Latvia. A Carlsberg executive confirmed to Central Asia Newswire that "We have temporarily suspended production [in Uzbekistan] due to an unavoidable shortage of raw materials.” He also said "Shevchenko left Uzbekistan to take up a new position elsewhere in the [Carlsberg] Group at the beginning of 2012."

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Uzbekistan: Foreign Business Exodus Continues

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