BMB GLOBAL SAYOHAT is one of the leaders in handling all organizational aspects of travel, providing fast, high-quality, and reliable services. The company offers personalized service to each client who wants to organize their trip perfectly, helping to plan and realize their dream travels.
If Google is forced to sell Chrome browser due to an antitrust lawsuit, its new owner could become OpenAI. The company has already announced its readiness to consider the purchase - to create a "best product."
Uzbekistan’s advertising sector sees 5.3% rise in active entrepreneurs
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.
Marketplace TEMU has become a resident of Uzbekistan, but restrictions remain in place for now.
The State Tax Committee (STC) of Uzbekistan conducted an audit of the activities of the Russian online retailer Wildberries operating in the country. The audit covered the period from 2022 to 2024 and revealed non-compliance with tax legislation.
Chinese BYD is entering the world: the largest share offering and alliance with Tesla
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.
Japan is taking the lead in Uzbekistan's digital transformation by increasing investments and expanding IT cooperation.
A large-scale program to support youth business has been launched in Uzbekistan. Within the framework of the new "Yoshlar biznesi" initiative, 350 thousand young people will be able to receive financial, educational, and investment support within three years.
Low-income families will be able to receive interest-free loans for 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.
By June 1, 2025, the automated information system "Control and Monitoring of Investment Project Implementation" will undergo an expert review, and a special information portal will be launched for conducting electronic procurement within projects funded by international financial institutions and foreign government financial organizations (IFI/FGFO), transitioning to digital procurement procedures.
A consortium led by Musk is offering a record sum for control of OpenAI, escalating the conflict with Sam Altman. If the deal goes through, Musk's xAI could merge with the ChatGPT developer, potentially influencing its commercial future.
Cryptocurrency history's biggest landslide
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.
Tesla, BMW, and Chinese automakers have filed legal challenges against the European Union's tariffs on Chinese-made electric vehicles. On Monday, Tesla submitted its case to the Court of Justice of the European Union, joining the ongoing legal battle.
One of the world’s largest online retailers, eBay, has registered to pay Value Added Tax (VAT) in Uzbekistan. According to the international news agency Kazinform, alongside eBay, other foreign internet companies such as Netflix, Amazon, Google, Apple, Zoom, and others have also registered with the specialized tax authority for foreign companies.
Alstom Plans to Expand Railway Infrastructure in Uzbekistan and Turkmenistan
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.
As part of the "Abu Dhabi Sustainability Week" international summit in the United Arab Emirates, Uzbekistan and the UAE signed an agreement to implement waste-to-energy projects using foreign investments.
In 2024, Tesla’s sales in China increased by 8.8%, reaching over 657,000 vehicles, marking a record high. This growth highlights Tesla as a company that achieved stable growth in China despite intense competition. Tesla's factory in China not only saw significant growth in the domestic market but also in exports to Europe and other regions, although global deliveries decreased by 1.1% over the year.
Uzbekistan Exports Saffron to Germany
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.
Tesla's market value surged to $1 trillion as Republican candidate Donald Trump's victory in the U.S. presidential election sparked a significant rise in the company's shares.
A meeting took place at the headquarters of “BMB HOLDING” with Gao Weixua, founder of China’s “VOSTOSUN GROUP UC” company. The focus of the meeting was the export of Uzbek saffron to the Chinese market.
Telegram Wallet to Open Official Office in Uzbekistan
Telegram Wallet is set to open its official office in Uzbekistan. This was revealed through a job posting for a regional office manager.
Anthony Tan was the youngest of 3 sons in one of the richest families in Malaysia. His father, Tan Heng Chew, was the president of Tan Chong Motor which was founded by Tan's grandfather in the 1950s, multinational automobile distributor publicly listed on the Kuala Lumpur Stock Exchange.
This amounts to approximately 17,000 employees. The news was shared by the company's new CEO, Kelly Ortberg, who stated that the cuts will affect executives, managers, and regular employees.
Google’s Potential Breakup Predicted in the U.S.
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.
From September 25-27, the 29th KIOGE 2024 International Oil and Gas Exhibition brought together industry specialists in Almaty. The event attracted 340 companies from 20 countries, with 40% of participants showcasing their innovations for the first time.
It's no secret that in recent years, women have become more attentive to their health and appearance. This has naturally increased the demand for products in this area. However, most cosmetic products in the Uzbekistan market are imported.
Mercedes-Benz Stock Plummets Due to Poor Sales in China
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.
On August 30, 2024, the President issued Decree No. UP-132, outlining measures to implement tasks identified in the fourth open dialogue with entrepreneurs. The decree aims to improve business conditions and address existing challenges in the entrepreneurial sector.
In the Sharof Rashidov district of Jizzakh, the opening of the “BMB Agro Plus” enterprise marks a significant milestone in Uzbekistan’s agricultural processing sector. The project focuses on processing the country’s fruits and vegetables using modern technologies and preparing them for export.
Zuckerberg Reveals U.S. Government Pressure on Meta
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
Pavel Durov Detained in Paris
Business
Open Dialogue with Entrepreneurs
Starting from February 1, 2024, Uzbekistan introduced a "Business Stability Rating" as per the presidential decree. This rating provides new opportunities for businesses and important tax incentives.
Meta has released its second-quarter report, which exceeded analysts' expectations, resulting in a more than 7% rise in the company's stock on the U.S. market.
Uzbek Producers to Receive $1 Million Grant for Collaborating with Global Brands
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.
As the national saffron cultivation develops in our country, the geography of its export is also expanding.
From January to June 2024, a total of 41,015 small business entities were established across the republic (excluding farmer and dehkan households).
Tesla's Profit Plunges to Five-Year Low
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.
A business dialogue between the Uzbek delegation headed by Energy Minister Jurabek Mirzamakhmudov and a number of Austrian companies in the energy sector was held in Vienna to discuss prospects of cooperation, Uzbek Foreign Ministry's news agency Dunyo reported.
In the second half of June, the Chinese airline Loong Air plans to open a new air route from Xi'an to Samarkand, according to the press service of Uzbekistan Airports.
A business forum held in Tashkent within the framework of the Uzbekistan-Germany Businessmen's Council
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.
Uzbek-Malaysian business forum and bilateral meetings in B2B and G2B formats have been held in Samarkand within the framework of the visit to Uzbekistan of the government delegation headed by Prime Minister of Malaysia Anwar Ibrahim. This was reported by the press service of the Chamber of Commerce and Industry of Uzbekistan.
President of the Republic of Uzbekistan Shavkat Mirziyoyev in his speech at the III Tashkent International Investment Forum emphasised the significant growth in the volume of foreign investments in the country last year, which almost doubled.
Top 10 largest companies providing the most jobs in Uzbekistan
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:
The South Korean giant Samsung became the world's largest smartphone supplier in the first quarter of 2024, according to data from research firm International Data Corporation (IDC).
During a meeting chaired by President Shavkat Mirziyoyev, issues related to the implementation of water-saving technologies were discussed. The head of state also expressed the intention to support enterprises contributing to the creation of thousands of jobs and the export of goods.
Russian B1 intends to enter the consulting market in Uzbekistan
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.
Before embarking on an IPO, a company will need to conduct a thorough analysis of its operations, including its management structure, financial health and growth prospects. In addition, the company will have to meet the strict requirements of the exchange on which it plans to launch the IPO.
According to estimates by MCA Advertising (owned by global agency Omnikom), the advertising services market in Uzbekistan in 2023 grew by 30% compared to 2022, and the total volume of the country's media market is rapidly approaching 500 billion sums of turnover per year. Against the backdrop of the country's economic reforms, the entry of global corporations into the Uzbek market, the growth of total budgets for marketing and advertising, the demand for expertise has increased significantly, and the rating of platforms for advertising communications has also grown.
Jeff Bezos overtakes Elon Musk as world's richest person
Tesla Inc.'s stock sank again on Monday, costing Elon Musk his title as world's richest person.
On February 25, a memorandum of cooperation will be signed between NUMA Diagnostics and the prestigious Turkish clinic Medipol.
According to the annual report of the international analytical agency Brand Finance, Mercedes-Benz is now considered the most expensive car brand in the world. It has overtaken electric car manufacturer Tesla.
The largest new building fair UYSOT EXPO 2024
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.
In 2023, 56 foreign companies providing electronic services in Uzbekistan paid taxes worth about 70 billion sums. Meta, Google and Apple contributed 60 billion sums of this amount.
Gautam Adani, founder of conglomerate Adani Group, is once again among the world's richest people, ranking 12th with a fortune of $100.7bn.
Uzbek company signs $5m deal with McCormick Global Ingredients Ltd.
BMB Holding has become the first Uzbek company to sign an agreement with the 130-year-old US company.
The cost of the project is $380 million and construction work is scheduled to begin in the second half of this year.
On 23 January this year, BMB Holding management met with Ziya Gaziev, President of Proto Global GmbH, in Berlin.
Entrepreneurial sustainability rating to be introduced
From 1 February 2024, the Entrepreneur Sustainability Rating will be introduced, which will identify and incentivise entrepreneurs who comply with legal requirements.
Tesla is suspending car production at its plant near Berlin due to component shortages caused by changes to transport routes as a result of attacks on ships in the Red Sea.
Apple's market value has fallen below Microsoft's capitalisation for the first time since 2021.
Google and Amazon are making staff cuts
Google attributed its decision to its desire to reduce costs, improve efficiency and focus on core products.