러시아ㆍ유라시아

The economy is growing strongly. Real gross domestic product (GDP) growth reached 5.1 per cent in 2018 and 5.7 per cent year-on-year in the first three quarters of 2019, and the country has moved towards greater exchange rate flexibility.

The government has initiated a large-scale restructuring and privatisation programme. A total of 29 state-owned enterprises (SOEs) in the energy, chemical, financial and consumer sectors have been selected for privatisation, and major SOEs in the energy and transportation sectors are undergoing reorganisation.

Uzbekistan has issued its first Eurobond. Issued in February 2019, it consists of two tranches of US$ 500 million five-year and US$ 500 million 10-year sovereign bonds. Standard & Poor’s (S&P) and Fitch assigned first-time sovereign ratings for Uzbekistan at “BB- Stable” in December 2018, and Moody’s assigned it “B1 Stable” in February 2019.