Embassy of the Republic of Slovenia Moscow /Economic Cooperation /Other Central Asian countries /

Ostale države Centralne Azije

The Embassy of the Republic of Slovenia in Moscow is non-resident Embassy to other Central Asian countries (Kazakhstan, Uzbekistan, Turkmenistan, Kyrgyzstan and Tajikistan), which, due to the remoteness and specifics of the markets, imposes certain restrictions on the performance of tasks in the field of economic diplomacy.

Uzbekistan

Bilateral economic cooperation remains relatively modest, although Uzbekistan is Slovenia's second largest trading partner in the Central Asian region. In 2018, trade increased by 22% to 32.4 million Euros compared to 2017. Thus both, Slovenian exports and imports from Uzbekistan increased. Pharmaceuticals are the dominant export product. Interest in this market is noted, especially in the field of renewable energy sources. Among the promising areas are IT, pharmaceuticals and the chemical industry, energy efficiency and environmental protection.

Institutional cooperation is rather modest, since there is no regular continuous economic dialogue between the two countries. Arrangements on concluding an agreement on economic cooperation between the two countries are ongoing. In order to establish new contacts and explore the possibility of deepening economic cooperation, in March 2014 an economic delegation from Slovenia was organized, headed by the Ambassador of the Republic of Slovenia. In January 2019, a seminar on business with Uzbekistan was held at the Chamber of Commerce and Industry of Slovenia, which had great interest.
 
Other Central Asian countries

With other countries of Central Asia (Turkmenistan, Kyrgyzstan and Tajikistan), bilateral economic relations are modest. These markets are primarily characterized by a closed economic system and low purchasing power of the population. Most of the opportunities arise in the public sector (mainly infrastructure projects) and hydropower (Kyrgyzstan and Tajikistan).

In July 2014, an agreement on economic cooperation was signed with Turkmenistan, in accordance with which an intergovernmental commission on economic cooperation was created. The last meeting was held in March 2017 in Turkmenistan. Opportunities for expanding economic cooperation exist in the areas of information and communication technologies, energy, electrical engineering, mechanical engineering, household appliances, logistics and transport, construction, pharmaceuticals, agriculture and tourism.
 
Business environment

The business environment in most countries of Central Asia, from the point of view of Slovenia, is rather complicated, which is due, first of all, to the remoteness and inaccessibility of markets, logistical problems that also arise due to poor infrastructure within countries and significant distances that must be physically overcome, and also the legal specifics and frequent changes in legislation in the field of doing business. Since the economic systems in the region are still regulated by the state, the establishment of effective and good relations with state bodies at the state and local levels is crucial for effective entry into the market.