Money

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.

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...

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...

“We are signing a multilateral agreement to deliver ‘green’ energy to Europe,” President Mirziyoyev announced in his address at COP29. The energy gene...

“Over the last two and a half years, we’ve witnessed an unprecedented rise in interest from Brussels and EU member states toward Central Asia,” stated...

Traditionally, this region has not been a top priority for American presidents. However, shifting geopolitical dynamics, particularly involving China

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

“China and Uzbekistan share common goals and a common path. Together, we are building a future that is prosperous, green, and interconnected for both

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...

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...

Across Europe and Central Asia, oil demand has stagnated as economic activity slows and alternative energy sources gain traction. According to the rep...

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...