Economics

Minister pointed out that over the past 30 years, the country has lost more than 1,000 micro glaciers, which he described as irreversible losses that

In state-owned banks, non-performing loans made up 4.1% of the total loan portfolio.

In addition to the Payariq Cluster, the supervisory authority has investigated 17 cotton clusters in the past three months.

The decree introduces reforms to the process of business inspections, with the overarching goal of reducing unnecessary inspections and focusing regul...

The plant, expected to be operational by late 2025, will create 300 new jobs.

The park also plans to introduce dual training programs to equip workers with industry-specific skills.

Abdusalom Azizov, born in 1960, had been serving as the head of the State Security Service since February 2019.

In addition to manufacturing facilities, the zone will feature dual training programs to equip specialists with the necessary skills for industrial en...

The law introduces stringent measures to regulate electronic cigarette use, including increased penalties for violations. These measures are designed

The pilot project demonstrated that simplifying procedures for remote workers could attract international specialists, spurring economic benefits and

LUKOIL is one of the world’s largest vertically integrated oil and gas companies, accounting for approximately 2% of global oil production and about 1...

Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, presented the latest economic outlook for the Caucasus and Central Asia. W...

Uzbekistan budget 2025 projects 31.6% of revenue from key industries, led by the Navoi Mining and Metallurgy Company (17.7%) and Almalyk Mining and Me...

Kazakhstan emerged as Uzbekistan's third-largest trading partner, after China and Russia.

Tajikistan remains the leading source of tourists to Uzbekistan. Since January, 1.878mn Tajik citizens have visited the country, nearly doubling the f...

Uzbekinvest's international reinsurance segment now accounts for about 50% of total premiums as of 2023, a trend expected to continue over the next 12...

As part of the discussions, both countries signed a memorandum of understanding to formalize their cooperation on railway infrastructure development.

Additionally, the president stressed the importance of implementing public-private partnership (PPP) projects worth $30bn.

The Eurasian Development Bank (EDB) is set to host its highly anticipated annual conference, “Promoting Sustainable Development in Central Asia,” on D...

Uzbekistan's inflation rate is expected to decrease from an estimated 9% in 2024 to a range of 5-6% by 2027.

Discover how Kazakhstan has transformed its financial sector over three decades—from its humble beginnings to a thriving hub of fintech innovation, di...

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 housing and utilities sector substantially impacted the CPI, recording an annual increase of 40.1%, compared to 4.6% the previous year.

Uzbekistan has experienced an unprecedented 97% increase in remittances from Poland, the largest growth among all sources, according to Mamarizo Nurmu...

Of the $5.5bn annual limit, $3bn is earmarked to support direct state budget needs, while the remaining $2.5bn is allocated for key infrastructure and...

The growth in GDP per capita aligns with the country’s overarching strategy to be categorized as a “middle-income” country.

To meet this targets, the government will employ a range of measures, including tight monetary policies and a budget deficit limit set to no more than...

The Budget document states, “Maintaining a controlled deficit level of 3% of GDP from 2025 onwards is crucial to ensure fiscal sustainability and supp...

“We are on a clear path to introducing mortgage-backed securities in Uzbekistan, but success will depend on building a strong legal foundation and ens...

Banking NPLs in September held steady at an average of 4.2%. For state-owned banks, NPLs decreased slightly from 4.2% to 4.1%, while private banks inc...

In Uzbekistan, the transformation of state banks is critical, driven by President Shavkat Mirziyoyev's privatization policies. Despite a 2020 roadmap,...

Matteo Patrone, EBRD’s Vice President of Banking, highlighted Uzbekistan’s role in green energy with a $65 million investment in a green hydrogen proj...

The 5th Business Forum of the Caspian Policy Center in New York focused on sustainability and regional cooperation in Central Asia, Turkey, and the So...

“The reforms Uzbekistan is undertaking are ambitious, but with the right support and collaboration, they are achievable. The EU stands ready to be a l...

"The national economy is developing dynamically, large-scale reforms are ongoing in all spheres," said Nurlanbek Shakiev, The Speaker of Kyrgyzstan...

“Right now is the time to keep an eye on this country and company, Navoi, because they’re a major player in the metals world,” says Cody Shirk a priva...

Navoi Mining and Metallurgical Company (NMMC), operator of one of the world's largest gold mines, Muruntau, has successfully debuted in the global deb...

Kazakhstan and Russia, two major wheat exporters, are locked in growing competition. Kazakhstan’s grain import ban aims to protect local producers, wh...

“There have been very interesting dynamics in freight traffic, particularly over the last few years. Central Asia is becoming more important as a conn...

This figure represents a 17.2% decline compared to the same period in 2023 when trade turnover was $299.9mn. As a result, Iran has emerged as one of U...

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

Uzbekistan's President Shavkat Mirziyoyev and German Chancellor Olaf Scholz engaged in high-level discussions in Samarkand. The key sectors of the dis...

The total value of these transactions reached $107bn. Compared to the same period in 2023, the number of transactions increased by 86.6%, while the to...

The total trade during this period amounted to $4.6 bn. Of this, Afghanistan's exports were valued at$509mn, while imports stood at approximately $4....

All sectors experienced an upward trend. The mining sector saw the most significant improvement, with its index advancing to 52.2 from 49.8 in July du...

Kazakhstan, a leader in Central Asia in terms of green bond issuance, is helping develop the sustainable finance market in Uzbekistan. A new green bon...

Kadyrbek Bukuev, Executive Director of the Deposit Protection Agency, stated that the agency’s 2024 target has already been fulfilled by 94.4%, and ba...

State-owned banks contributed $37.5bn to the total asset volume. Other commercial banks in Uzbekistan collectively hold assets amounting to $18.6bn. T...