Taxi Market in Uzbekistan Surpasses 5 Trillion Soums
From January to July 2025, the legal taxi market in Uzbekistan generated over 5 trillion soums, with nearly 262 million trips recorded. Cobalt was the most used car model, while most drivers earned less than 5 million soums per year.
Shavkat Mirziyoyev nominated for the Leo Tolstoy Peace Prize
President of Uzbekistan Shavkat Mirziyoyev has been nominated for the Leo Tolstoy International Peace Prize. The Russian Peace Foundation noted his efforts to strengthen international security and promote the idea of a multipolar world.
Trump will host the leaders of Armenia and Azerbaijan
On August 8, U.S. President Donald Trump will host Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan at the White House. The talks could result in a long-awaited peace deal, potentially ending decades of conflict in the South Caucasus.
Trump threatens Russia with new sanctions and declares US is ready for nuclear war
During a White House briefing, President Donald Trump issued an ultimatum: if Russia and Ukraine fail to reach a peace deal by August 8, the US will impose “the harshest sanctions” on all countries trading with Moscow. While he admitted this wouldn't end the conflict instantly, he believes it would push negotiations forward.
Telegram founder Pavel Durov has emerged as the leading Russian billionaire in terms of capital growth in 2025. According to the Bloomberg Billionaires Index, his wealth increased by $3.27 billion, reaching a total of $14.3 billion — the highest growth among all Russian names on the global list.
Halyk Bank, the largest financial group in Central Asia, has acquired a 49% stake in Uzbekistan's leading payment provider Click for $176.4 million. In return, Click acquired 49% of Tenge Bank, Halyk’s Uzbek subsidiary, for $60.76 million. The landmark transaction is the largest private sector deal in Uzbekistan’s history.
Uzbek Startup Raises €1.3 Million in Investments
TASS Vision, a startup developing smart cameras for the retail sector, has successfully closed a €1.3 million funding round and is preparing for large-scale expansion. The Czech fund Purple Ventures became the first Central European investor to back a startup from Uzbekistan.
The EU is preparing retaliatory tariffs for €72 billion
The European Union has published a list of 72 billion euros worth of American goods that could fall under retaliatory tariffs if the US does not abandon the introduction of 30% tariffs on European imports from August 1st.
Uzbek Boxers Dominate U22 Asian Championship Finals
At the Asian Boxing Championship in Thailand, Uzbekistan's U22 team set a record — 14 boxers (9 men and 5 women) advanced to the finals, the highest number among all participating nations.
New-Generation Supercomputer to Be Installed at INHA University
Uzbekistan is making a strong push toward high technology: by mid-2026, a new HPC cluster — known as a “budget supercomputer” — will be delivered to INHA University in Tashkent to support the country’s artificial intelligence (AI) initiatives.
Uktam Umurzakov — a symbol of knowledge and devotion
Today marks four years since the passing of one of Uzbekistan’s most distinguished scholars, respected mentors, and esteemed public figures — Uktam Pardaevich Umurzakov. As Chairman of the Republican Council for Higher Education, Rector of the Tashkent Institute of Irrigation and Agricultural Mechanization Engineers, Doctor of Economics, and Professor, he dedicated his entire life to science and education.