In Uzbekistan, US dollars are often the go-to choice for saving and making significant purchases, from homes to cars. While the soum has gained more t...
Money
The European Bank for Reconstruction and Development (EBRD) achieved a significant breakthrough in Central Asia by investing €2.26 bn across 121 proje...
The IMF projects that inflation in the region will gradually decline as global prices stabilize and policy measures take effect. Uzbekistan, for insta...
Gold prices in Uzbekistan have reached their highest levels since November, with a 1% increase on January 17, bringing the price per gram to UZS1,166,...
The strategy includes a mix of infrastructure development, renewable energy projects, and business support initiatives aimed at empowering low-income
Binance, one of the largest cryptocurrency exchanges globally, is gearing up to launch its services in Uzbekistan in collaboration with the licensed l...
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...
Iran and Tajikistan signed 23 cooperation agreements during Iranian President Masoud Pezeshkian’s state visit to Dushanbe on January 16, 2025, coverin...
At his Senate confirmation hearing, Marco Rubio emphasized the importance of strengthening U.S. ties with Central Asia through trade normalization, en...
Paynet’s $65 mn acquisition of HUMO highlights growth in Uzbekistan’s fintech sector, focusing on leveraging infrastructure and regional partnerships
Russia is intensifying efforts to expand its transport routes through Afghanistan to gain access to South Asia amid Western sanctions and escalating t...
The project’s initial phase will include a terminal with a capacity of 570,000 tonnes per year, with future expansion planned to reach 1.5 mn tonnes a...
The US Treasury Department has imposed sanctions on Kyrgyzstan’s Keremet Bank for facilitating sanctions evasion on behalf of Russia’s Promsvyazbank,
Rubio emphasized the urgency of diversifying supply chains, especially for minerals critical to green technologies and defense systems, such as lithiu...
Transfers from Kazakhstan to Uzbekistan amounted to KZT223.5 bn ($421.5 mn). Russia and Turkey also ranked among the top three countries for transfers...
Central Asia, long overshadowed by its oil-rich neighbors, is emerging as a growing economic hub strategically positioned between the Middle East and
“Currently, the TAPI project is progressing as planned. To date, 2.9 kilometers of the pipeline have been constructed and welded, and approximately 3....
At the Abu Dhabi Sustainability Week Summit, President Mirziyoyev outlined Uzbekistan’s green development goals, including increasing renewable energy...
In addition to the wind power project, AMEA Power also signed agreements for a 300MWh standalone Battery Energy Storage System (BESS).
According to a recent study by the Central Bank, the average inflation forecast for the next 12 months has reached 14.4%, marking the highest level si...
Tashkent-East Airport will be the first in Uzbekistan to introduce air taxi, VIP taxi, and other premium Fixed Base Operator (FBO) services.
Spanning 2 hectares, the plant was completed in just four months and joins Uzbekistan's energy transition plans to install 5,000 MW of solar and wind
The report highlights that despite significant achievements, the services sector in Uzbekistan faces several challenges, including low competitiveness...
The memorandum outlines several key areas of cooperation. These include efforts to combat counterfeit agricultural products, protect intellectual prop...
The 15 agreements span a range of strategic sectors, including renewable energy, healthcare, agriculture, infrastructure, transportation, and logistic...
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 sector also aims to attract $600 mn in investments in 2025 and in 2024, the industry produced goods worth UZS31 trillion and exported $1.3 bn wort...
The sanctions include two of Russia’s largest oil companies, Gazprom Neft and Surgutneftegas, as well as more than 180 vessels, dozens of oilfield ser...
The previous record was set in 2013 with 17.75 mn tons of freight flowing through this border crossing.
With the design phase of the Yukori Pskem PSPP nearing completion, the project is poised to begin active construction in March 2025. The official grou...
A major project in the cooperation between the two countries is the construction of an 800-bed clinic in Samarkand, set to be built in partnership wit...
Starting September 1, an electronic platform for certifying green businesses is expected to be launched.
The primary agenda of the talks included boosting bilateral cooperation across multiple sectors: humanitarian aid, trade, developmental assistance, sp...
Foreign investors hold stakes in 333 joint-stock companies (48.4%) but control only 4.6% of charter capital, valued at UZS 9.9 trillion ($76.3 mn).
Work is currently underway to enhance the capacity of the Central Asia–Center gas pipeline.
Uzbekistan’s reserves rose by $6.6 bn in 2024 to $41.18 bn, with gains in foreign currency offsetting a year-end drop in gold value.
E-commerce presents Central Asia with a powerful tool to drive economic inclusion, reduce poverty, and create jobs. By addressing systemic barriers an...