Wednesday, 02, July, 2025
Wednesday, 02, July, 2025
The World Bank’s latest Country Economic Memorandum for Uzbekistan analyzes the country’s economic trajectory from 2010 to 2022. The report notes Uzbekistan’s progress in economic reforms while highlighting key challenges and recommendations to accelerate the growth of the domestic economy and private sector.
In spite of rising gas imports from Russia and Turkmenistan in May, Uzbekistan's export volumes more than doubled compared to the same period in 2024.
Fitch Ratings has upgraded Uzbekistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB', from 'BB-' with Stable Outlook.
The Senate at its meeting today passed amendments, abolishing double taxation on import of a number of goods and services as part of the process of joining the World Trade Organization (WTO).
The International Monetary Fund called on Uzbek authorities to take steps to expand the tax base and restore the ratio of tax revenue in GDP, the IMF mission said in a conclusion.
Uzbekistan's international trade topped $31.3 billion in January-May 2025. This is by $4.93 billion or 15% more than in the same period in 2024.
The president Shavkat Mirziyoyev has set the goal of reducing losses and erecting power-efficient equipment at large industrial enterprises. the chairman of Uzbekneftegaz Bakhodir Siddiko told the Uzbekistan 24 TV channel today.
The president Shavkat Mirziyoyev familiarized himself with a presentation on steps to provide large industrial enterprises with "green" energy Monday, the presidential press service said.
Major rare metals development projects were showcased by the Uzbek authorities at the international conference MINEX Central Asia 2025, which opened in Tashkent.
The installed capacity of Uzbekistan’s power has reached 25 GW "in a short period of time" growing by 50%, the Deputy PM Jamshid Khodjaev announced on June 19 at the St. Petersburg International Economic Forum.
The Central Bank has updated exchange rates of foreign currencies in Uzbekistan. According to the regulator, all currencies will continue to decline in the country.
Uzbekistan and Belarus have agreed to step up cooperation in the trade and economic area with the aim of increasing the volume of bilateral trade to $1 billion per year, said the Deputy Prime Minister of Belarus Yuri Shuleiko during the 11th meeting of the joint intergovernmental commission on bilateral cooperation in Minsk.
Moody's Ratings has changed the Government of Uzbekistan's outlook to positive from stable and affirmed the Ba3 long-term issuer ratings. Moody’s have also affirmed the Ba3 senior unsecured ratings and (P)Ba3 senior unsecured medium-term note programme ratings.
The authorities of Uzbekistan and Afghanistan signed a Preferential Trade Treaty, as well as a bilateral Cooperation Program in Trade, Economic and Industrial Areas for 2025-2026, the press service of the Ministry of Investment, Industry and Trade of Uzbekistan said.
The President Mirziyoyev signed a decree on increasing the amount of wages (for budget-financed organizations), pensions, stipends and benefits Monday. From July 1, 2025, pensions and benefits, including to low-income families, will rise by 10%:
Customs duties on raw materials for furniture such as fittings, accessories, paints, glue, and chipboard will be reduced in Uzbekistan, announced today Shavkat Mirziyoyev at a government meeting on the development of domestic industry, the presidential press service said.
The Bilateral Investment Treaty (BIT) signed between the Government of India and Government of the Republic of Uzbekistan on 27th September, 2024 in Tashkent, has come into the effect from 15th May 2025. The text of the Treaty can be accessed at Bilateral Investment Treaty.
The volume of Uzbekistan-bound remittances topped $3.3 billion in 2025 Q1, recording a 32% growth to the same period last year ($2.5 billion), the Central Bank said in a monetary policies report.
3,693.8 million cubic meters (mcm) of gas were produced in Uzbekistan In April, which is by 13.1 mcm more than in April of last year. It is noteworthy that the decline in gas production, which had lasted almost 3.5 years, halted in March.
The Ministry of Development of North Eastern Region (MDoNER) is organizing the first edition of 'Rising North East'-Investors Summit 2025 on 23rd and 24th May, 2025 at Bharat Mandapam, New Delhi.