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Business

The American technology company Nvidia became the world's first company whose market capitalization exceeded $4 trillion. This historic achievement came after shares rose by 2.8% to $164.42 per paper immediately after the opening of trading in New York.

Technology

Pavel Durov and Snoop Dogg created a digital sensation: about 996,000 digital Telegram gifts were sold in 30 minutes, bringing the project about $12 million. This is the first star drop in the platform's history and it became a instant hit.

Anorbank owner kidnapped in Paris

Anorbank owner kidnapped in Paris
Uzbekistan

Financier from Uzbekistan, owner of 99.38% of Anorbank shares, Kahramonjon Olimov, was kidnapped in Paris on June 23. According to Le Monde, the businessman was forcibly taken out of the French capital and held for nearly two days in the basement of a villa near Nice.

Uzbekistan

Centrum Air announced the replenishment of its fleet with a new Airbus A320neo aircraft with registration number UK32075. This is already the ninth aircraft in the fleet and the fourth representative of the Neo family, designed with an emphasis on environmental friendliness and fuel efficiency.

Business

The opening ceremony of a new legume processing plant under BMB AGRO was held in the Arnasay district of Jizzakh region. The event was attended by local authorities, law enforcement, tax officials, and the chairman of the BMB HOLDING Supervisory Board. As part of the occasion, sunnat tuy ceremonies were also held for 50 local children.

Centrum Holding Unveils Ambitious Plans: Expansion of Air Transport, Tourism Development, and New Media Projects

Centrum Holding Unveils Ambitious Plans: Expansion of Air Transport, Tourism Development, and New Media Projects
Business

A business conference organized by Centrum Holding in collaboration with Yard Business Club took place in Tashkent. The highlight of the event was the presentation by Centrum Air, which unveiled its development strategy and announced the launch of new international routes. The gathering brought together partners, industry experts, and media representatives, reinforcing the holding's status as one of the most dynamically growing market players.

Business

According to the State Statistics Committee, as of April 1, 2025, the number of business entities involved in advertising and market analysis has grown by 5.3%, reaching 1,691.

Business

A trial is underway in the US that could change the digital landscape - Meta, the corporation that owns Facebook, Instagram, and WhatsApp, has come under the scrutiny of the Federal Trade Commission (FTC).

China remains the leader in the number of foreign companies operating in Uzbekistan

China remains the leader in the number of foreign companies operating in Uzbekistan
Business

As of March 1, 2025, there are 15,503 enterprises and organizations with foreign investment operating in Uzbekistan. This was reported by the National Committee of Statistics.

Business

China's electric vehicle manufacturer BYD has made its largest stock offering in Hong Kong in the last four years, attracting $5.6 billion. But the most unexpected news was BYD's statement about cooperation with Tesla.

Business

Starting April 1, 2025, the exclusive rights of five major companies, including "Uzbekekspertize" and "UzEngineering," will be abolished in Uzbekistan. Now, privileges will be granted only in exceptional cases - to protect the safety, health of the population, and in emergency situations.

Uzbek businesswomen are expanding partnership horizons in Oman

Uzbek businesswomen are expanding partnership horizons in Oman
Business

A delegation of Uzbek businesswomen, headed by the Chamber of Commerce and Industry of Uzbekistan, visited Oman with a business mission.

Business

In Uzbekistan, the system of financial support for low-income families is changing. Instead of subsidies, interest-free loans will now be provided for starting a business. This decision is enshrined in a new presidential decree aimed at developing entrepreneurship among socially vulnerable groups.

Business

A Russian court fined Google 3.8 million rubles (approximately $41,500) for posting content on YouTube showing Russian soldiers how to surrender. This was reported by the Russian TASS agency.

Elon Musk Failed to Buy OpenAI

Elon Musk Failed to Buy OpenAI
Business

Elon Musk offered to buy OpenAI for $97.4 billion, but the company unexpectedly rejected his proposal. The CEO of OpenAI responded to the billionaire with a witty remark: "No, thanks. If you want, we can buy Twitter for $9.74 billion."

Business

The cryptocurrency market has experienced the largest decline in the history of digital assets. On Monday, February 3, Bitcoin's value dropped to $94,051, losing more than $10,000 in just three days. The total losses of the crypto market amounted to a record $240 billion.

Business

The legendary Apple co-founder Steve Wozniak will visit Tashkent on March 19-20, delivering a special talk at Central Asian University, located in the heart of the capital. As part of the CAU Technical Summit, he will personally participate, sharing his unique insights and predictions about the future of technology, innovation, and entrepreneurship.

Alibaba Challenges DeepSeek

Alibaba Challenges DeepSeek
Business

Alibaba's new version of Qwen 2.5 surpassed its competitors: the Chinese giant is challenging world leaders in AI.

Business

French engineering company Alstom, a global leader in railway transport manufacturing, is exploring opportunities to expand its presence in Central Asia, including Uzbekistan and Turkmenistan.

Business

On January 19, TikTok began restoring its services in the United States. This occurred after President Donald Trump, the 47th president, announced on Monday that he had decided to extend the deadline before the TikTok ban went into effect.

Durov Intends to Enhance Telegram Moderation

Durov Intends to Enhance Telegram Moderation
Business

Telegram founder Pavel Durov promised to improve the messenger's moderation during a court session in France. According to French media, Durov committed to collaborating with three lawyers to enhance Telegram's moderation processes. This decision aims to ensure user safety and platform compliance with legal standards.

Business

To effectively establish the export of Uzbekistan-grown saffron to Germany, negotiations were held between representatives of Uzbekistan’s BMB Holding and Germany’s Breitzmann Edelmetalle & Diamanten.

Business

Uzbekistan’s Ambassador Ravshan Usmanov held a meeting with James Dauen, Director of the British company DFA. During the meeting, the British company expressed interest in participating in the design of facilities to be constructed in the new city of Tashkent.

Elon Musk Breaks Records: The Wealthiest Man in History!

Elon Musk Breaks Records: The Wealthiest Man in History!
Business

Elon Musk has not only reclaimed his position at the top of the world's richest individuals but has also set a new record for personal wealth. According to Bloomberg, Musk's total net worth has reached $347.8 billion, surpassing his previous achievements and setting a historical benchmark.

Business

Telegram Wallet is set to open its official office in Uzbekistan. This was revealed through a job posting for a regional office manager.

Business

Tashkent, October 17, 2024. The President of Uzbekistan has approved decree No. PП-357 dated October 14, 2024, aimed at further developing the ecosystem for startup projects and venture funding. This initiative is designed to support new ideas and innovations in the field of digital technologies.

Nvidia Shares Hit All-Time High Closing Price

Nvidia Shares Hit All-Time High Closing Price
Business

Nvidia's shares reached a historic high, closing at $138.07, with the company's market capitalization nearing $3.4 trillion. Investors are eagerly anticipating the upcoming reports from major tech companies, which are heavily investing in Nvidia's AI chips.

Business

The U.S. Department of Justice is considering the possibility of breaking up Google, reports The Verge. Government lawyers have proposed measures to address Google’s market dominance and restore competition.

Business

From January to August 2024, Uzbekistan imported nearly 2.6 million mobile phones worth $236.2 million from abroad. This figure marks a significant increase compared to the same period last year.

OpenAI raises $6.6 billion, now valued at $157 billion

OpenAI raises $6.6 billion, now valued at $157 billion
Business

OpenAI has successfully raised $6.6 billion in its latest funding round, bringing the company’s valuation to $157 billion. This places OpenAI among the top three most valuable startups globally, alongside SpaceX and ByteDance.

Business

Mercedes-Benz shares on the Frankfurt Stock Exchange have plunged by 8.4%, hitting their lowest level in four years, according to Bloomberg. The sharp drop is attributed to declining sales in the Chinese market.

Business

The European Union Court has ruled that Apple must pay €13 billion in unpaid taxes in Ireland. This decision concludes a decade-long investigation into the tax breaks provided by the Irish government, marking a significant victory for the European Commission.

New Opportunities for Small Business Support!

New Opportunities for Small Business Support!
Business

New mechanisms are being introduced in Uzbekistan to ensure the continuous development of small businesses. A presidential decree (PQ-312) issued on September 7, 2024, will enhance the "Continuous Support for Small Businesses" program, offering entrepreneurs new financial opportunities.

Business

Mark Zuckerberg, head of Meta, has revealed that the U.S. government pressured the company to censor content related to COVID-19 during the pandemic. Zuckerberg expressed regret that Meta complied with these demands. During the pandemic, Facebook, owned by Meta, removed over 20 million pieces of content deemed to be misinformation.

Business

French TV channel LCI has reported the detention of Telegram founder Pavel Durov in Paris, citing his refusal to cooperate with French law enforcement as the reason.

Open Dialogue with Entrepreneurs

Open Dialogue with Entrepreneurs
Business

President Shavkat Mirziyoyev will soon begin an open dialogue with entrepreneurs in Nukus.

Business

The President of Uzbekistan signed a decree on August 7, 2024, aimed at supporting local producers who collaborate with well-known international brands. This initiative is set to boost the presence of Uzbek companies in the global market.

Business

The Cabinet of Ministers issued a resolution on July 31, 2024, No. 463 "On measures to organize the evaluation of key performance indicators (KPI) for leaders and deputy leaders of republican and local executive authorities and economic associations."

Russia's Wealthiest Earned $26.2 Billion Since Beginning of the Year

Russia's Wealthiest Earned $26.2 Billion Since Beginning of the Year
Business

According to the Bloomberg Billionaires Index, the combined wealth of the 26 richest Russian businessmen reached $361.8 billion as of August 1, 2024.

Business

American automaker Tesla has reported its lowest profit in the past five years, causing its stock price to fall. For the second quarter, Tesla's net profit was $1.48 billion, half of what it was a year ago and the lowest in five years.

Business

As of 1 June 2024, 14,349 enterprises and organisations with foreign investments are operating in Uzbekistan, according to the data of the Statistics Agency under the President of the Republic of Uzbekistan.

A business forum was held with the participation of representatives of the tourism sector of Uzbekistan and China

A business forum was held with the participation of representatives of the tourism sector of Uzbekistan and China
Business

On June 18, a business forum was held in Samarkand with the participation of representatives of the tourism sector of China, the press service of the Tourism Committee of Uzbekistan informs.

Business

Today, on June 5, a business forum was held in Tashkent as part of the next meeting of the Uzbekistan-Germany Businessmen's Council, reports the press secretary of the Prime Minister of the Republic of Uzbekistan.

Business

The convenient digital system ensures fast and targeted delivery of all user requests directly to qualified specialists, reports the press service of the Chamber of Commerce and Industry of Uzbekistan.

Discussed Prospects of Cooperation with the Regional Leadership of AcwaPower

Discussed Prospects of Cooperation with the Regional Leadership of AcwaPower
Business

First Deputy Chairman of the Senate of the Oliy Majlis, S. Safoyev, held a meeting with the regional leadership of AcwaPower. This was reported by the press service of the Senate of the Oliy Majlis of the Republic of Uzbekistan.

Business

According to data released by the press service of the Ministry of Employment and Poverty Reduction of Uzbekistan, as of 29 April 2024, the following companies have been identified as providing the most jobs in the country:

Business

In March, there was a trend towards an increase in customs receipts, exports of goods and transactions on the commodity exchange. This was reported by the CERR of Uzbekistan.

Car sales in Uzbekistan are declining, but there is growth in the electric vehicle segment

Car sales in Uzbekistan are declining, but there is growth in the electric vehicle segment
Business

For the third consecutive month, there has been a decrease in activity in the car market. Only in the segment of passenger electric vehicles a slight increase was recorded. This is according to data from the Centre for Economic Research and Reforms of Uzbekistan.

Business

Russian group of companies B1 intends to enter the market of consulting services in Uzbekistan. This is reported by the trade mission of Russia in Uzbekistan.

Business

Turkish businessmen Selcuk and Haluk Bayraktar, who own Baykar Defence, have been included in Forbes' annual billionaires list for the first time.

The best places in the world to do business

The best places in the world to do business
Business

Singapore, Denmark and U.S. are the best places in the world to conduct business, according to the Economist Intelligence Unit business environment ranking.

Business

Tesla Inc.'s stock sank again on Monday, costing Elon Musk his title as world's richest person.

Business

According to the Agency of Statistics, in January 2024, 5,945 new small businesses (excluding farms and peasant farms) were created in Uzbekistan.

How many family businesses are operating in Uzbekistan?

How many family businesses are operating in Uzbekistan?
Business

According to the Statistics Agency, as of 1 February 2024, there are 44,363 family businesses operating in Uzbekistan.

Business

On 2 and 3 March, Tashkent will host the largest real estate fair UYSOT EXPO 2024, which will bring together some of the most renowned developers and construction industry experts. Over the course of two days, visitors to the fair will have the opportunity to talk to more than 100 developers, as well as get answers to all pressing questions about real estate and buying a house from leading experts with many years of experience in working with real estate. Participants will be offered a large number of lucrative offers for investment and housing, meet many speakers of the property market of Uzbekistan and the CIS, and, what is no less important, the opportunity to win a trip for 2 to Dubai. UYSOT EXPO 2024 is a unique platform where you will be able to get acquainted with special offers from the best developers of Uzbekistan without wasting your time visiting sales departments.

Business

In February, the company announced its founder's intention to sell up to 50 million shares by the end of January 2025.

Japanese corporations bought up 222 companies in the US in 2023

Japanese corporations bought up 222 companies in the US in 2023
Business

In 2023, major Japanese companies spent about 5.348 trillion yen (roughly $36bn) to buy US companies, up 30% from the previous year. This caused political problems due to the acquisition of 222 US companies of various sizes.

Business

BMB Holding has become the first Uzbek company to sign an agreement with the 130-year-old US company.

Business

The brand's value rose 74% in a year to reach $516.6bn.

Nokia will cease to exist

Nokia will cease to exist
Business

Mobile device manufacturer HMD Global has taken decisive steps by removing all references to the Nokia brand from its official website. This is a symbolic moment, ending the era of Nokia, the once legendary representative in the smartphone market.