Throughout the first ten months of 2023, Uzbekistan's large enterprises reported a cumulative production of 464,200 washing machines.
It is worth noting that there is currently no production of golf cars in Uzbekistan.
Despite the recovery in production, the industry continues to face increasing competition. Currently, 36 plants are operating in the country.
The lending limit in Uzbekistan will be set at 60% from the beginning of July this year, and it is planned to be further reduced to 50% the following
“The Kremlin’s propaganda against me has never stopped,” Pashinyan pointed out.
As of January 2024, Kazakhstan’s international reserves grew by 1.96% m/m to $36.7 bn.
Effective from July 1, 2024, lenders will be mandated to ensure that borrowers' debt burden does not exceed 60% of their income.
To achieve these goals, a multifaceted approach has been devised, focusing on entrepreneurship, industrial projects, service sector employment, and sk...
Of particular note during the meeting was HyperOne's expressed interest in baking and distributing Uzbek bread directly within their facilities.
This exemption will be granted on the condition that the level of localization reaches a minimum threshold of 60%.
With a combined capacity of 2,700 MW, these facilities will significantly contribute to the nation's energy diversification efforts.
Kusto Logistics Management acquired a controlling stake in the prominent Kazakh logistics company MKS Logystics LLP in February 2024.
These entities, located in various third countries including India, China, Sri Lanka, Serbia, Kazakhstan, Thailand, and Türkiye, are implicated in cir...
Turkey emerges as another prominent player, with 1,901 enterprises actively engaged in Uzbekistan.
A staggering 146,300 tons of fruits and vegetables were exported in January 2024, amounting to a total value of $75.4mn.
The decision to initiate a third auction follows two unsuccessful attempts, where no viable proposals were tabled by prospective investors.
The shift to a joint-stock entity involves three key steps: reorganization, issuance of shares, and placement of shares.
The hackathon, taking place at New Uzbekistan University from March 1 to March 3, provides a platform for young enthusiasts to gain knowledge, network...
Both countries have actively fostered collaborative initiatives to fuel the growth of their respective IT sectors.
International trader Vitol is partner of national company Napeco
Tashkent boasted 7,408 construction enterprises, accounting for approximately 21.4% of the total construction entities in the republic.
Of the Uzbekistan national team, only Oksana Chusovitina succeeded in securing a spot in the finals, specifically in the vault category.
Preliminary agreement reached on draft Memorandum of Understanding
In response to these challenges, Russia has proposed a gas union involving Kazakhstan and Uzbekistan.
Hughes highlighted the strides made by TBC Bank in Uzbekistan, which operates in two key areas: the digital bank TBC Bank Uzbekistan and the Payme P2P...
It was mutually agreed to further develop this initiative in collaboration with relevant ministries and agencies of Uzbekistan.
Uzbekistan's Central Bank maintained its main interest rate at 14%, while Kyrgyzstan's National Bank decided to hold its discount rate at 13%.
Produced exclusively from natural sources, Uzbek silk is renowned for its softness, breathability, and hypoallergenic properties.
Collaborative endeavors with the Ministry of Agriculture seek to incentivize farmers towards embracing water-efficient practices, with subsidies for c...
The investment strategy includes contributions from multiple countries, led by China with $19.98bn, and focuses on a variety of sectors including rene...