Baku, Azerbaijan, Dec. 13
By Fikret Dolukhanov – Trend:
Uzbekistan will soon solve the problem with German creditors of the now bankrupt Uzbek company Zeromax, Trend reports on Dec. 13 referring to Uzbek media.
After the Uzbek company Zeromax GmbH went bankrupt in 2010, a number of large German construction companies appealed to the government of Uzbekistan to cover their expenses. They took part in various Zeromax projects, and, in particular, in the construction of large objects in the capital of Uzbekistan, including the Palace of International Forums.
According to German media reports, lenders, including over 100 companies from various countries of the world, demanded to return about 4 billion Swiss francs to them. At the same time, the level of debt to German construction companies from various sources was estimated at 60-200 million euros.
The State Investment Committee of Uzbekistan noted that the situation with the German creditors will be resolved in the near future.
“A working group has been created in this direction together with a number of ministries and departments, it is actively working to resolve this issue, and I think that everything will be decided in the coming month,” Alexey Sim, Deputy Director of the Foreign Cooperation Development Department of the State Investment Committee, said.
According to him, the Uzbek side is now discussing possible solutions to this problem in order to find a way mutually acceptable for all parties.
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