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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

Marketplace TEMU has become a resident of Uzbekistan, but restrictions remain in place for now.

Large retailer added billions to Uzbekistan's budget

Large retailer added billions to Uzbekistan's budget
Business

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.

Business

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

Business

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

100 million for a startup: how to get a preferential loan for a young businessman
Business

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.

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

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

Elon Musk Bets $97 Billion on Control of OpenAI
Business

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.

Business

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

Business

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 Largest U.S. Companies Registered as a Taxpayer in Uzbekistan
Business

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.

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

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

Tesla's Sales in China Reached Record Levels in 2024
Business

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.

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

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

Uzbek Saffron Expands into the Chinese Market
Business

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.

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

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

Boeing has announced its decision to cut 10% of its workforce
Business

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.

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

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?

Have you heard about organic and therapeutic cosmetics?
Business

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.

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

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

“BMB Agro Plus” Opens in Jizzakh: A New Era in Agricultural Processing
Business

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.

Business

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

Business

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 Shares Surge by 7% After Quarterly Report
Business

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.

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

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

Most Small Businesses Established in the Trade Sector
Business

From January to June 2024, a total of 41,015 small business entities were established across the republic (excluding farmer and dehkan households).

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

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

Chinese airline Loong Air plans to launch flights to Samarkand
Business

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.

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

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

The President of Uzbekistan announced new investment projects
Business

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.

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

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

Exporters with turnovers exceeding $50 million will be allocated $10 million
Business

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.

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

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

Azizbek Yusufov: Now is the most effective period for investing in the Uzbek market
Business

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.

Business

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

Business

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?

Which brand has overtaken Tesla as the world's most expensive?
Business

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.

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

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's fortune rises to $100bn again
Business

Gautam Adani, founder of conglomerate Adani Group, is once again among the world's richest people, ranking 12th with a fortune of $100.7bn.

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.

Business

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

BMB Holding expands co-operation with European companies
Business

On 23 January this year, BMB Holding management met with Ziya Gaziev, President of Proto Global GmbH, in Berlin.

Business

The State Assets Management Agency announced the start of the public auction process for 100% of the state stake in Pakhtakor Football Club LLC.

Business

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

Microsoft briefly overtakes Apple as world's most valuable company
Business

Apple's market value has fallen below Microsoft's capitalisation for the first time since 2021.

Business

At the meeting in Guangzhou, the issues of holding business forums between women entrepreneurs of both countries were discussed.

Business

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

AhadMix Group presented the results for 2023
Business

In 2023, AhadMix Group participated in nearly 1,000 events as a technical partner and invested around $2 million in its development.