Only a matter of time
Baltic Beverages Holding (BBH) announced in June 2006 that they would build a brewery in Tashkent, the capital of Uzbekistan and home to more than 2 million inhabitants, which will commence production next spring. The brewery will have an initial capacity of one million hl of beer. BBH will team up with a local partner, Sarbast Plus, and will hold a share in the joint-venture of 75.1 percent. The total investment is EUR 50 million. What a shame that, as they were signing the contract, an Uzbek government resolution went into force that will end permanent tax, customs, and other exemptions for joint-ventures with foreign investors. In the future, exemptions will be granted only for limited periods.....
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