Business

Uzbekistan’s economy grew by 6.5% in 2024, reaching a GDP of $115 bn, with foreign investment increasing 1.6 times to $34.9 bn, highlighting the succe...

On January 16, 2025, the Uzbek-Chinese Business Forum held in Tashkent marked a major step forward in strengthening economic ties between Uzbekistan a...

Tashkent-East Airport will be the first in Uzbekistan to introduce air taxi, VIP taxi, and other premium Fixed Base Operator (FBO) services.

The report highlights that despite significant achievements, the services sector in Uzbekistan faces several challenges, including low competitiveness...

Among the top three bidders, Paynet won with an offer of $65mn.

Uzbekistan plans to streamline cargo transit by simplifying trade routes and reducing or eliminating border tariffs. To boost domestic freight service...

The previous record was set in 2013 with 17.75 mn tons of freight flowing through this border crossing.

Starting September 1, an electronic platform for certifying green businesses is expected to be launched.

E-commerce presents Central Asia with a powerful tool to drive economic inclusion, reduce poverty, and create jobs. By addressing systemic barriers an...

In 2024, Uzbekistan attracted an array of global brands across automotive, fashion, food, and finance, signaling its growing appeal as a dynamic marke...

The list of goods includes a variety of food products, personal care items, and other essentials.

Yangiabad Bazaar, Central Asia’s largest flea market, is a vibrant hub in Tashkent where history and commerce converge. Known for its antiques, Soviet...

Two companies, Russia’s Intermobility LLC and Uzbekistan based Streetpark Systems, participated with Streetpark Systems winning the tender

Among the Chinese visitors, the majority traveled for tourism purposes, with 53,964 individuals arriving to explore the country’s rich cultural herita...

Uzbekistan, a land of opportunity with a burgeoning workforce, is attracting growing investor interest. Yueh Cho, Treasurer of the Chamber of Commerce...

Ipoteka Bank OTP Group has strengthened its presence in Uzbekistan’s energy sector with a $60mn loan agreement with Uzbekneftegaz. The three-year work...

In an interview with Daryo, Ahsen Saeed, CFO of ACWA Power Central Asia said, “This project is not just about energy generation; it’s about efficiency...

The new Benelux Chamber of Commerce will complement EU-Central Asia cooperation, with the shared goal of supporting Uzbekistan’s integration into glob...

Uzbekistan’s mineral abundance and South Korea’s technological expertise are paving the way for Uzbekistan’s rise as a rare metals hub.“Uzbekistan and...

India’s renewed $10bn investment in the Chabahar Port project in May 2024 comes as the country recalibrates its Eurasian trade strategy, during the on...

Tajikistan faces a growing trade gap as imports outpace exports, raising concerns about its economic stability. However, the country’s rich mineral re...

During this period, KMG sold over 12 mn tons of its own produced oil and gas condensate, with 65.4% of this volume being exported. The overall sales v...

This figure reflects a 25% increase y/y. Support for entrepreneurs has been reinforced with an allocation of $634.5mn for project initiatives. A total...

Meanwhile, venture capital investments in Uzbek startup projects reached $133.5mn in 2023. The fund is expected to be operational by September 2024 an...

President Mirziyoyev made this announcement on July 6 at the OTS Informal Summit in Shusha. The president proposed various measures to boost trade eff...

Agreements were reached to establish a plant for manufacturing electrical equipment, alongside secured contracts for supplying sunflower oil and camel...

Under this offer, OTP Bank Nyrt proposes to purchase ordinary shares at a price of UZS 1.1 each and preferred shares at UZS 3 each (less than 50 cents...

The expected rating is the same as NBU's Long-Term Issuer Default Rating (IDR) of 'BB-'. This is because the bonds will be senior unsecured obligation...

The agreement follows a thorough evaluation by UzSAMA and international consultant Deloitte, prompted by the termination of a prior deal with Expobank...

The initial phase of the project will see the construction of a solar power station with an investment of $150 mn. This station will generate 200 MW a...

Three development projects, including a 100 MW solar plant with Guangdong Zomman Energy Technology, a logistics center with Russia's Stroitel-98, and

The two countries agreed to enhance tourism cooperation through a collaboration between their trade unions, with a focus on improving transport logist...

Sunview’s subsidiary, Fabulous Sunview, will serve as the investor and EPCC (Engineering, Procurement, Construction, and Commissioning) provider for t...

MDO "HUMO" will receive up to $2 mn under the EBRD’s Youth in Business program in Central Asia. This program aims to improve access to finance and pro...

A portion of the funds will also be allocated towards procuring electric vehicles, reinforcing Star Group's commitment to sustainable practices in its...

As of April 1 this year, 1,434 companies with Azerbaijani capital were registered in Kazakhstan, alongside 217 companies with joint ownership. The tot...

This funding would be allocated for leasing agricultural and specialized machinery, vehicles, and equipment for processing enterprises within Kyrgyzst...

Recognizing the limitations of government intervention alone, Martin Melecky underscored the need for collaboration between public and private entitie...

Chung's initiatives include the promotion of the Green Cotton Project, aimed at revolutionizing Uzbekistan's cotton industry.

Arcelli discussed ACWA Power's latest endeavors, highlighting an agreement for the construction of 5 gigawatts (GW) of wind plants as well as green hy...

During this period AMMC reported a net profit of UZS 1.5 trillion ($118.1 mn), with a 4.7% annual growth rate.

The Kyrgyz trade mission signed a preliminary contract with the Uzbek company KREDO BEST for the supply of high-quality alcohol, including wine, vodka...

QazTrade secured agreements with key stakeholders, including UZTRADE of Uzbekistan, and the Agency for State and Material Reserves in Tajikistan.

Liquidity concerns and market infrastructure deficiencies emerged as key barriers hindering investor participation, prompting discussions on enhancing...

SUEZ, a global leader in water and waste management, has been a key strategic partner in Uzbekistan since 2018, improving water infrastructure and man...

Finding new partners or building upon existing relationships has been a priority for Turkmen officials and one of the less-discussed potential partner...

At a panel discussion at Ajou University Tashkent, experts discussed strategies for optimizing sustainable energy solutions to help Uzbekistan achieve...

This marks the second Ritz-Carlton in Central Asia, with the first opening in November 2013 in Almaty, Kazakhstan.