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Uzbekistan: Once-Expelled Turkish Businesses Returning

Turkish businesses forced out of Uzbekistan during the rule of the late President Islam Karimov are expected to slowly begin reentering the market in the more evidence of a possible improvement in investment conditions.

RFE/RL’s Uzbek service, Radio Ozodlik reported on June 11 that President Shavkat Mirziyoyev had signed a decree ordering the restitution of assets confiscated from Turkish company Demir Holding during an ugly crackdown on Turkish investors in 2011.

Ozodlik said the issue was discussed and then settled during a visit to Uzbekistan by Turkey’s Foreign Minister Mevlüt Çavuşoğlu on April 25-27. Çavuşoğlu travelled to Tashkent with a large delegation of Turkish business representatives in tow.

The broadcaster cited unnamed sources as saying that the owner of Demir Holding, Ahmet Demir, was among those in the delegation and that he had travelled to Tashkent at Mirziyoyev’s personal invitation. 

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Uzbekistan: Once-Expelled Turkish Businesses Returning

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