Under the agreement, Centrum Aviation has committed to maintaining Uz-Koram Kompani’s core business for at least 10 years, adhering to license agreeme...
Finance
This marks the lowest monthly growth for December in recent years. By comparison, the CPI rose by 1.24% in December 2023 and 1.5% in December 2020.
Imports, driven by GDP growth of 5.5–6%, are expected to rise by 8–10% as well, largely due to increased demand for machinery, vehicles, petroleum pro...
Over the past two years, the Tajik government has allocated more than 9bn somonis (approximately $825mn) from the state budget to support the plant's
Under the new framework, 100% of revenues from turnover tax, property tax of legal entities, land tax from legal entities, and income from leasing sta...
The number of foreigners visiting Uzbekistan for business purposes rose to 165,000, almost tripling from last year.
Both sides explored opportunities to expand their partnership in new areas, considering Turkmenistan's economic development programs, ongoing industri...
The National Bank highlighted several issues stemming from the influx of old-design U.S. dollars.
For loans with a term of up to one year, interest rates rose to 23.45%, reflecting a 0.25% increase compared to October. Long-term loans also saw an u...
This initiative builds on ADB's existing advisory services for the development of 100 preschools in the Samarkand region.
The Committee issued warnings to 22 banks and 3 payment organizations for violations identified during investigations, as well.
The president also announced plans to expand research and development cooperation with reputable companies in the energy, metallurgy, chemistry, and e...
Obidjon Jonsaidov, Deputy Head of the Investment and Capital Construction Department, noted ongoing collaboration with international partners from Jap...
According to the company, the circulated information is based on outdated data.
The project includes the reconstruction of the Gelon-Khisorak and Khisorak-Sarchashma highways, totaling 33 kilometers
The Ministry has encouraged passengers to adopt electronic payment systems for faster and more cost-effective travel.
The development is currently undergoing registration as intellectual property, with plans to commence production of the devices in the near future.
The resolution also allows direct contracts for the procurement of medicines and supplies for emergency and urgent medical care.
The original borrowing limit for 2024 was set at $5bn, evenly distributed between state budget support and investment projects
The Localization Assistance Center has been tasked with supporting this effort and doubling production volumes through regional enterprise partnership...
Upcoming privatization efforts and Uzbekistan's potential accession to the World Trade Organization (WTO) may further enhance investment activity.
The number of flights served is projected to grow by 27%, reaching 109,300 flights for the year, with 82,600 flights served during the first nine mont...
As the paid parking operator, Balcomuz is required to oversee the development of the parking system and ensure compliance with technical requirements....
In state-owned banks, non-performing loans made up 4.1% of the total loan portfolio.
Kazakhstan emerged as Uzbekistan's third-largest trading partner, after China and Russia.
Additionally, the president stressed the importance of implementing public-private partnership (PPP) projects worth $30bn.
The privatization process of the National Interbank Processing Center (NMPC), which manages the Humo payment system, was officially launched in mid-Ju...
As of October 2024, foreign-currency assets in the National Fund for the Republic of Kazakhstan (NFRK) amounted to $60.7bn, supported by 8.4% investme...
Among the most notable transactions, the Biznesni Rivojlantirish Banki (BRBN) saw trading volume reaching a remarkable 1.6 trillion soums ($125mn), ac...
The new Benelux Chamber of Commerce will complement EU-Central Asia cooperation, with the shared goal of supporting Uzbekistan’s integration into glob...
Click’s user base grew 17.1% y/y to over 18.4 mn by September 2024, up from 15.7 mn in 2023, while authorized accounts increased by 198%, reaching 3.3...
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,...
As international payment systems leave Russia, neighboring countries like Uzbekistan offer a solution for Russians to apply for Visa and Mastercard ca...
This investment will focus on key sectors, including hydropower, railway and road construction, as well as residential mortgage development.
The yield on deposits with maturities of less than 12 months fell by 1.4%, reaching a low of 17.4% for the year. Meanwhile, the rate for long-term dep...
The Central Bank of Uzbekistan reported that the liabilities of these commercial banks stood at $47.8bn as of the same date, an increase from $39.3bn
This trade volume represents a slight decline of approximately 0.7% compared to the $6.9bn recorded during the same period in 2023. Exports to China f...
On August 20, the price of a gram of gold rose to nearly $84. Consequently, a 5-gram gold bar is now priced at nearly $420. These figures reflect the
These new ventures will focus on producing liquid nitrogen, sodium pyrosulfite, and other chemical reagents, with up to 70% of the output dedicated to...
The country's capital market, previously limited, aims to expand its market capitalization from $340mn to $8bn by 2030. Starting in January 2025, the
The decree was adopted by Uzbek leader Shavkat Mirziyoyev on August 12 and came into force on August 14. The project is estimated to cost €220mn, with...
Since the beginning of 2024, approximately $406.3mn has been recovered through completed criminal cases. Over the last 2.5 years, the agency has succe...
Effective September 1, pensions and allowances will see a 15% increase. Meanwhile, starting from October 1, salaries for teachers and medical professi...
Passenger numbers saw a 14.6% increase during the reporting period, with the airline carrying 4mn passengers. The airline also expanded its fleet, inc...
Abdulla Abdukadirov asserts that the Central Bank should refrain from involvement in the securities and deposit markets.
The bank acquired a 17.36% stake in Sarytogan Graphite, a company listed on the Australian Securities Exchange. The investment, amounting to $3.3mn, w...
During the meeting, two key agreements were formalized: 1. Launching the GEF Small Grants Programme in 2025 to support national biodiversity targets a...