• How the Business Is Managed After Leaving Jahongir Artikhodjaeva

    The recent departure of Jahongir Artikhodjaeva from Akfa-Artel may prompt questions about how the company will manage its business going forward. While Artikhodjaev has not yet commented on the rumors surrounding his exit, his management style may also influence how the company runs. Below are some of the reasons why. Looking more visit https://worldjournalpress.com/akfa-group-how-the-business-is-managed-after-leaving-jahongir-artikhodjaev.html.

     

    Texnopark

    A former company executive has come forward and claimed that the government has been bribing Texnopark to steal the gas meter contract. The company is owned by the wealthy Tashkent mayor Jahongir Ortiqkhojaev, an ally of President Shavkat Mirziyoev. The official has yet to respond to the allegations.

     

    Texnopark was founded by Mirziyoev on May 1, 2019, and is located on a 141-hectare site of the former Tashkent Mechanical Factory. The company launched a website on June 10th, and the Tashkent city administration is listed as a founding shareholder. In 2017, the government announced plans to introduce smart gas meters in Uzbekistan. Texnopark won a tender for the supply of 3.5 million Osten brand gas meters by 2020.

    Akfa-Artel

    Two British companies with links to the mayor of Tashkent are scooping up state-subsidised business in Uzbekistan. Although Artikhodjaev has formally left the business, he is still in charge of its structures. His son, Artikhodjaev, also holds a stake in Akfa-Artel.

     

    The new report, Power Briefs Central Asia, from the University of Ulster and the Corruption and Human Rights Initiative, looks at how UK companies operate in foreign countries. It explores the potential conflicts of interest in Uzbekistan's privatisation and property development initiatives. Read on to find out what the findings mean for the future of business in Central Asia.

    Altromark

    After Jahongir Artikhodjayev's decision to stop building a factory on his land, the US-based company Altromark is appealing to the city's authorities for compensation. Although he founded Artel, Artikhodjaev has stated that he has no involvement in the management of the company. The state anti-monopoly committee announced that the awarding of the Texnopark tender violated laws.

     

    Earlier this year, the US-based company Altromark's founder claimed that the Tashkent government had threatened to demolish the factory for the construction of a metro line. At the end of the year, Altromark commissioned an independent valuation of its business and determined a loss of 24 billion soums (US$2.4 million). However, Tashkent authorities rejected this figure.

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