Economics

This substantial surge in volumes is attributed to three key transactions involving METQ, TBMZ, and BNGA shares. These transactions accounted for 74.6...

The five Central Asian states' combined turnover reached $11 bn in 2023, a 2.5-fold increase over the previous decade. The largest contributor to this...

In 2023, firms engaged in exports were granted $53.1 mn in aid, which enabled them to ensure exports worth $3.2 bn. Nevertheless, not all industries a...

Among the top 10 large taxpayers, the state's share amounted to a substantial UZS 8.7 trillion ($694mn).

Uzbekistan has experienced an increase in PPP projects, with more than 400 infrastructure projects, valued at around $16bn.

Fines were imposed on three banks, while six other banks and one mortgage financing company were issued warnings indicating that further measures and

The Central Bank of Uzbekistan stated that the decrease in international reserves is due to “seasonal factors” typically seen in January and February....

Uzbekistan witnessed a rise in its gross domestic product (GDP) per capita in 2023, reaching UZS 29,2mn, equivalent to approximately $2,496.

The investment strategy includes contributions from multiple countries, led by China with $19.98bn, and focuses on a variety of sectors including rene...

Of the total investment, $4.1bn is earmarked for industries, while $3.1bn is allocated to bolster regional economies

From Andijan's GRP of UZS 68.2 trillion ($5.5bn) to Tashkent City's staggering UZS 181.9 trillion ($14.7bn) GRP, each area contributes uniquely to the...

The total capital of commercial banks has reached UZS 97.08 trillion ($7.9bn) as of January 1, 2024, showcasing 22% growth.

Payment organizations will also be mandated to include a description of measures taken to comply with sanctions-related risk management requirements w...

By mid-year, the annual price index could escalate to 9%, before stabilizing within the 8–9% range by the year-end.

Uzbekistan stands among the world's top ten exporters of fresh onions, with annual exports ranging from 200,000 to 250,000 tons.

The meeting highlighted the potential for mutually beneficial cooperation, with implications extending beyond the immediate placement of goods.

Power International, the Qatari national holding, plans to construct a multi-network hospital in Tashkent, fostering a robust collaboration with Uzbek...

The UAE's $30 mn investment in Andijan's berry cultivation project marks a pivotal step towards agricultural growth, innovation, and collaboration.

Uzbekistan's robust shift to renewables, especially solar and wind, positions it for a sustainable energy future, contributing to global net-zero ambi...

These ratings and growth forecasts and the country's investment landscape, enriched with various opportunities, further underscore Uzbekistan's potent...

Karen Srapionov, a leading financial expert, advisor, and managing partner at Avesta Investment Group, shared valuable insights into Uzbekistan's fina...

S&P Global Ratings' recent affirmation of Kapitalbank's credit rating underscores its pivotal role in Uzbekistan's financial landscape.

The Uzbekistan-Afghanistan-Pakistan railway project signifies a strategic alliance fostering connectivity, trade, and economic integration in the regi...

The findings of the analysis revealed a notable correlation between changes in world oil prices and their impact on gasoline prices at the Republic Co...

In a recent interview with Daryo, Vyacheslav Pak, the First Deputy Director of the National Agency of Perspective Projects (NAPP), outlined the agency...

Uzbekistan's rising gas exports to China signal a shift, yet overshadowed by regional leaders; challenges persist as revenues fall short of covering i...

Uzbekistan's robust surge in electricity production and strategic gas management reflects proactive measures to meet rising energy demands, ensuring s...

The analyst reflects on why Uzbekistan's WTO membership process took decades.

To meet its gas needs, Uzbekistan signed a contract on June 16 to import gas from Russia, marking a significant development. The agreement entails the...

Uzbekistan's foray into green finance, marked by thematic bonds, positions it as a pioneer in Central Asia. Despite challenges, Uzbekistan can lead wi...

The banking sector's heightened profitability can be attributed to a significant increase in both interest and non-interest income.

Among these investments, foreign contributions and loans accounted for a significant portion, totaling UZS 104.4 trillion ($8.4bn).

The business landscape in Uzbekistan showcased a vibrant spectrum of both local and international endeavors.

Trade liberalization measures are expected to contribute to economic growth at the range of 0.4-0.5%.

The rating agency anticipates widening current account deficits in 2023 due to normalized remittance inflows.

Preliminary estimates indicate that Uzbek textile companies secured export contracts exceeding $20mn during the exhibition.

The law encompasses all stages of privatization, effectively shaping the framework for the entire process.

Uzbekistan successfully privatized Biokimyo, with "Mega Comfort Business" winning the bid, marking a significant step in economic reforms and private

Under the new regulations, MIIT will be responsible for granting licenses for the production and wholesale distribution of alcoholic beverages and tob...

The first half of the year witnessed a robust growth of 5.6% in Uzbekistan's economy, surpassing expectations.

The commencement of Russian gas supplies to Uzbekistan through Kazakhstan triggers adjustments in the gas transportation system, impacting storage fac...

The initiative backs innovative commercialization, granting up to UZS 2bn ($162,721) for high-tech startup projects under state scientific programs.

The ADB and SQB collaboration signifies a dedicated effort toward inclusive economic development, fortifying Uzbekistan's banking sector and fostering...

The Asian Development Bank's (ADB) support for Uzbekistan's transition to a market-based system, while relevant and effective, faces project efficienc...

Uzbekistan's economy is poised for growth in 2023 and 2024, driven by robust state investments, international collaborations, and active trade, with p...

Uzbekistan's robust trade growth, with a 22.1% increase in foreign trade turnover and relations established with 193 countries, showcases its evolving...

Uzbekistan is actively working to boost its mining and geological sector, with plans to develop a new subsoil law and revised tax rates to attract int...

Fitch Ratings has assigned Uzkimyosanoat (UKS) a 'BB-' Long-Term IDR with a Stable Outlook, reflecting strong government support and ambitious investm...