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.
Marketplace TEMU has become a resident of Uzbekistan, but restrictions remain in place for now.
Large retailer added billions to Uzbekistan's budget
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.
A delegation of Uzbek businesswomen, headed by the Chamber of Commerce and Industry of Uzbekistan, visited Oman with a business mission.
Japan is taking the lead in Uzbekistan's digital transformation by increasing investments and expanding IT cooperation.
100 million for a startup: how to get a preferential loan for a young businessman
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.
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."
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.
Elon Musk Bets $97 Billion on Control of OpenAI
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.
Alibaba's new version of Qwen 2.5 surpassed its competitors: the Chinese giant is challenging world leaders in AI.
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 Largest U.S. Companies Registered as a Taxpayer in Uzbekistan
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.
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.
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.
Tesla's Sales in China Reached Record Levels in 2024
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.
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.
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.
Uzbek Saffron Expands into the Chinese Market
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.
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.
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.
Boeing has announced its decision to cut 10% of its workforce
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.
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.
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.
Have you heard about organic and therapeutic cosmetics?
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.
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.
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.
“BMB Agro Plus” Opens in Jizzakh: A New Era in Agricultural Processing
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.
President Shavkat Mirziyoyev will soon begin an open dialogue with entrepreneurs in Nukus.
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 Shares Surge by 7% After Quarterly Report
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.
According to the Bloomberg Billionaires Index, the combined wealth of the 26 richest Russian businessmen reached $361.8 billion as of August 1, 2024.
As the national saffron cultivation develops in our country, the geography of its export is also expanding.
Most Small Businesses Established in the Trade Sector
From January to June 2024, a total of 41,015 small business entities were established across the republic (excluding farmer and dehkan households).
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.
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.
Chinese airline Loong Air plans to launch flights to Samarkand
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.
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.
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.
The President of Uzbekistan announced new investment projects
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.
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.
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).
Exporters with turnovers exceeding $50 million will be allocated $10 million
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.
Singapore, Denmark and U.S. are the best places in the world to conduct business, according to the Economist Intelligence Unit business environment ranking.
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.
Azizbek Yusufov: Now is the most effective period for investing in the Uzbek market
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.
According to the Statistics Agency, as of 1 February 2024, there are 44,363 family businesses operating in Uzbekistan.
On February 25, a memorandum of cooperation will be signed between NUMA Diagnostics and the prestigious Turkish clinic Medipol.
Which brand has overtaken Tesla as the world's most expensive?
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.
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.
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's fortune rises to $100bn again
Gautam Adani, founder of conglomerate Adani Group, is once again among the world's richest people, ranking 12th with a fortune of $100.7bn.
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.
The cost of the project is $380 million and construction work is scheduled to begin in the second half of this year.
BMB Holding expands co-operation with European companies
On 23 January this year, BMB Holding management met with Ziya Gaziev, President of Proto Global GmbH, in Berlin.
The State Assets Management Agency announced the start of the public auction process for 100% of the state stake in Pakhtakor Football Club LLC.
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.
Microsoft briefly overtakes Apple as world's most valuable company
Apple's market value has fallen below Microsoft's capitalisation for the first time since 2021.
At the meeting in Guangzhou, the issues of holding business forums between women entrepreneurs of both countries were discussed.
Most Russian billionaires continued to get richer despite the Western sanctions. Their total fortune totalled $328.53 billion.
AhadMix Group presented the results for 2023
In 2023, AhadMix Group participated in nearly 1,000 events as a technical partner and invested around $2 million in its development.