Economics Hot News

28 May 17:02

Kazakhstan, Italy deepen trade and investment ties as bilateral turnover hits $4.4bn in 1Q25

Italy ranks among Kazakhstan’s top five EU investors, having contributed $7.6bn to the Kazakh economy over the past two decades.

28 May 15:43

ADB supports Uzbekistan’s push for smarter water management.

On May 27, President Shavkat Mirziyoyev reviewed progress on efforts to expand access to drinking water and sanitation services across the country, according to the presidential press service..

28 May 15:15

Uzbekistan, WIPO to strengthen IP sector with new strategy and joint training program

Prime Minister Abdulla Aripov and WIPO Director General Daren Tang discussed deepening cooperation to strengthen Uzbekistan’s intellectual property sector, including specialist training, a joint master’s program, and initiatives in green innovation and agricultural IP protection.

28 May 14:00

Kazakhstan’s Bektenov and CPC’s Gorban discuss pipeline expansion targeting 1bn tonnes of oil by October 2025

Prime Minister of Kazakhstan Olzhas Bektenov and CPC General Director Nikolay Gorban recently met to discuss investment progress and the expansion of the Tengiz–Novorossiysk pipeline system.

Economics News

Uzbekistan’s public debt surpasses US$42 billion

As of 1 April 2025, the total volume of Uzbekistan’s public debt reached US$42.4 billion, according to the Ministry of Economy and Finance.

28 May 13:28

Uzbekistan tightens customs control amid spike in jewelry smuggling attempts.

According to the State Customs Committee (SCC), several dozen attempts to illegally transport jewelry were thwarted at the Tashkent International Airport customs post since the beginning of the year..

28 May 13:23

Uzbekistan outlines railway overhaul to boost transit flows and ease Tashkent bottlenecks

President Shavkat Mirziyoyev reviewed Uzbekistan’s railway transformation plans, highlighting major reforms, new infrastructure projects, and strategies to boost freight efficiency, unlock transit potential, and modernize passenger services.

28 May 10:35

800 people defrauded by two companies selling apartments, damages exceed $16 million

800 people were defrauded by the activities of In-Fin-Stroy-Invest and Credit House companies involved in installment-based apartment sales in Tashkent. Five individuals were charged, and a special task force was established at the Interior Ministry for potential victims to come forward.

28 May 10:33

Uzbekistan to complete water projects worth $800mn, commission 138 facilities in 2025

Currently, 81% of residential areas have access to centralized drinking water, while sewage systems serve only 20%.

28 May 09:00

Uzbek Mining Minister discusses investment opportunities with Henan Investment Group leadership

On 27 May 2025, Uzbekistan’s Minister of Mining Industry and Geology, Bobir Islamov, together with representatives of the Ministry, held a meeting with a delegation led by Zhu Hongbing, CEO of Henan Investment Group Co., Ltd.

28 May 06:15

Market services in Uzbekistan grow by 12.6% in first four months of 2025

According to preliminary data from the National Statistics Committee, the volume of market services provided in Uzbekistan reached 290.3 trillion soums from January to April 2025.

28 May 05:12

Uzbekistan exports over 5,000 tons of peanuts worth US$4.9 million

In the first four months of 2025, Uzbekistan exported 5.2 thousand tons of peanuts, generating total revenue of US$4.9 million, according to data released by the National Statistics Committee.

28 May 04:59

Uzbekneftegaz and Air Products review GTL Plant test results and explore strategic partnership

A meeting was held between the Chairman of the Management Board of Uzbekneftegaz JSC and representatives of Air Products Netherlands Gases B.V., which is active in Uzbekistan.

28 May 04:44

Uzbekistan discusses cable supply for major Dongfang Electric Energy projects

At the initiative of the "Uzeltekhsanoat" Association, working meetings were held at the facilities of Uzkabel JSC and Procab JV LLC with Mr. Wu Hao, representative of Dongfang Electric Corporation for CIS countries.

28 May 04:18

Uzbekistan showcases electrical industry potential at Project Qatar 2025

The international exhibition Project Qatar 2025 is currently underway in Doha, State of Qatar, with active participation from Uzbekistan’s Association "Uzeltekhsanoat" and member enterprises of the country’s electrical engineering industry.

28 May 04:02

Uzbek President reviews plans to develop Uzbekistan’s railway sector and boost revenue

On 27 May, President of the Republic of Uzbekistan Shavkat Mirziyoyev was presented with a detailed plan outlining measures to advance the country's railway industry.

27 May 17:30

Uzbekistan’s public debt rises by $2.2 billion in Q1 2025.

As of April 1, 2025, Uzbekistan’s public debt reached $42.4 billion, according to the Ministry of Economy and Finance. Of this amount, $35.5 billion accounts for external debt, while $6.9 billion is domestic debt. Compared to the same period last year, the total public debt increased by $7.1 billion, marking a 20% rise..

27 May 15:51

MIA launches investigation into 209 billion UZS real estate fraud case.

The investigation into “Credit House,” a company that promised to help Tashkent residents purchase homes on favorable terms, has been transferred to the Investigative Department under the Ministry of Internal Affairs (MIA). The total amount of damage caused is estimated at 209 billion UZS. Charges have been brought against five individuals linked to the case. .

27 May 14:59

Development of E-commerce in Central Asia: Regional conference held in Tashkent

A regional conference dedicated to the development of e-commerce in Central Asian countries was held in Tashkent.

27 May 12:51

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