From January to June 2024, a total of 41,015 small business entities were established across the republic (excluding farmer and dehkan households).
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.
Russia leads in the number of enterprises with foreign investments in Uzbekistan
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.
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.
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.
A new platform for entrepreneurs launched in Uzbekistan
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.
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.
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 most business-active regions of Uzbekistan have been specified
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.
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 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.
Bayraktar brothers make Forbes billionaires list for first time
Turkish businessmen Selcuk and Haluk Bayraktar, who own Baykar Defence, have been included in Forbes' annual billionaires list for the first time.
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.
Tesla Inc.'s stock sank again on Monday, costing Elon Musk his title as world's richest person.
Which sector has created most small businesses in Uzbekistan?
According to the Agency of Statistics, in January 2024, 5,945 new small businesses (excluding farms and peasant farms) were created in Uzbekistan.
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.
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.
Jeff Bezos sells 24 million Amazon shares for $4bn
In February, the company announced its founder's intention to sell up to 50 million shares by the end of January 2025.
Gautam Adani, founder of conglomerate Adani Group, is once again among the world's richest people, ranking 12th with a fortune of $100.7bn.
BMB Holding has become the first Uzbek company to sign an agreement with the 130-year-old US company.
Apple named most expensive brand in the world
The brand's value rose 74% in a year to reach $516.6bn.
On 23 January this year, BMB Holding management met with Ziya Gaziev, President of Proto Global GmbH, in Berlin.
From 1 February 2024, the Entrepreneur Sustainability Rating will be introduced, which will identify and incentivise entrepreneurs who comply with legal requirements.
Apple paid a fine of RUB 1.2 billion in Russia
The Federal Antimonopoly Service explained that the US corporation had violated antimonopoly legislation with a number of bans for iOS application developers.
Apple's market value has fallen below Microsoft's capitalisation for the first time since 2021.
Google attributed its decision to its desire to reduce costs, improve efficiency and focus on core products.
Tesla recalls 1.6 million cars in China
Automaker Tesla recalls more than 1.6 million electric cars in the Chinese market due to problems in the driver assistance system. This was announced by the State Administration of Market Regulation of the People's Republic of China.
In 2023, AhadMix Group participated in nearly 1,000 events as a technical partner and invested around $2 million in its development.
The owner of a billion-dollar fortune has significantly increased his income.
Toyota recalls more than one million vehicles worldwide
Toyota has decided to recall 1.12 million vehicles due to potential airbag problems. The company said in a statement on 20 December that a short circuit in the sensor could cause the airbags to fail to deploy properly. This was reported by Reuters.
UzAuto Motors' revenues increased by 43.5 per cent to 38.1 trillion sums in the first nine months of 2023. The report was published on the Unified Corporate Information Portal of the company.
His financial condition has shrunk amid Tesla's poor results in the third quarter.
Uzbekistan and Tatarstan hold business forum
Business forum of businessmen of Uzbekistan and Tatarstan is being held. This was reported by the press service of Uzkimyosanoat JSC.
The company announced a complete cessation of operations in the country.
17 US states sued Amazon over monopoly.
Musk may have borrowed money from SpaceX to buy Twitter media
It's not clear why the businessman got the loan, according to The Wall Street Journal, but at the end of that month, he closed a $44 billion deal to buy Twitter.
The conflict between the US and China is pushing corporations, including Apple, to diversify production, threatening to increase the cost of technology.
It is expected that the president will put forward important initiatives to expand entrepreneurial activity and create more favorable conditions for the implementation of new projects, and eliminate problems that hinder the development of entrepreneurship.
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Oksana Gorshkova has been appointed head of USM Group, which manages the assets of billionaire Alisher Usmanov. Previously, the CEO was Yerkozha Akylbek, who replaced Ivan Streshinsky in this post in April 2022.
Raiffeisen Bank International is trying to find a way to stay in Russia so as not to risk longstanding Austrian-Russian relations. Austria hopes the war will end sooner, Reuters reports.
Apple's market value has reached $3 trillion
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On Friday, Apple's market value exceeded $3 trillion. Securities have risen to the highest in the entire 43-year history of Bigtech. Analysts believe that by 2025, Apple's market value could rise to $4 trillion.
Ukrainian taxi service Uklon has been launched in Uzbekistan. The service is available in the city of Tashkent. Uklon will also provide delivery service.
Several Russian restaurant chains are planning to open establishments in the CIS countries, including Uzbekistan. Among them are "Шоколадница", "Мясо и рыба", "Якитория" and others.
Uzum Holding and Click payment organization announced a merger
Click payment organization is merging with Uzum Holding — an agreement on further steps for the merger was signed today in Tashkent. Click owners will receive a share of the shares of the parent company of the Uzum group, and the team will continue to work on the development of the project.
Russian premium household appliance brand Bork plans to open one store each in Uzbekistan, the United Arab Emirates and Turkey, “Vedomosti” reports, citing two sources among real estate consultants. According to them, the stores will open at the end of this year or early next.
In January-April 2023, the number of newly created enterprises with foreign capital exceeded 1,000 units. The leaders in opening new companies in Uzbekistan are: Russia — 341, China - 187, Turkey — 99 and Kazakhstan — 74 and Korea — 42, according to the Statistics Agency.
TBC Group became the sole owner of Payme
TBC Group has become the owner of 100 percent of the Uzbek online payment platform Payme, — this is stated in a statement published by the Georgian company on the London Stock Exchange. So far, since April 2019, TBC Group has owned a 51 percent controlling stake in Payme.
Transactions for the sale of the head office of Aloqabank and the building of the Ministry of Digital Technologies in the center of Tashkent have been canceled. The day before the auction, Aloqabank allocated a loan to the buyer company for 390 billion sums at a rate of 14 percent for 15 years. This accounted for 20.4 percent of the bank's assets.
The profit of UzAuto Motors in the first quarter of 2023 decreased by 43.8 percent year—on-year to 258.8 billion soums, follows from the company's financial results.
The fifth international marketing business forum MAKON Marketing Forum 2023 will be held in Tashkent
On May 20, leading domestic and foreign experts, marketers and top managers of large companies will speak at Hyatt Regency Tashkent, who will share practical experience about marketing tools that work effectively in Uzbekistan. Forum participants will receive up-to-date knowledge from market experts who will be able to apply it to the development of their business and professional growth.
On April 25 this year, the opening ceremony and the main plenary session of the International Industrial Exhibition “INNOPROM. Central Asia".
The Ministry of energy of Uzbekistan is negotiating with the Russian company Tatneft on its possible participation in the modernization of the Bukhara oil refinery. This was stated by the director of the main Department of the ministry Athamjon Ubaydullayev in Tashkent “Innoprom. Central Asia” at the International Industrial Exhibition.
Alisher Usmanov climbed to 122nd place in the list of the richest people
Russian billionaire Alisher Usmanov ranked 122nd in the global ranking of the richest people in the world compiled by Forbes.