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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.

Business

The damage is estimated at $219 million.

Business

From 1 December this year, Yandex Go service will be provided by legal entity YandexGo UB LLC, a tax resident of Uzbekistan. This was reported by the press service of the Tax Committee.

Revenues of UzAuto Motors increased by 43.5 per cent

Revenues of UzAuto Motors increased by 43.5 per cent
Business

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.

Business

Jeff Bezos, the founder of Amazon, has overtaken Bernard Arnault, CEO of LVMH (Louis Vuitton Moet Hennessy), and according to the Bloomberg Billionaires Index, has taken the second place in the list of the world's richest people.

Business

President of Uzbekistan met with chairman of Amer International, a leading Chinese company, in Beijing.

Binance leaves Russia

Binance leaves Russia
Business

The company announced a complete cessation of operations in the country.

Business

On August 29 this year, the International Hotel Tashkent hosted a regular Intermediate Session of the Council of Foreign Investors (FIC) under the President of the Republic of Uzbekistan, which was attended by over 150 heads of leading foreign investment companies, diplomatic missions, ministries and departments, representatives of international financial institutions (IFIs) .

Business

Tatyana Bakalchuk for the second time in a row topped the Forbes "Richest Women in Russia" rating. Her fortune is estimated at $ 7 billion. The rating also includes Tatyana Litvinenko and other successful women entrepreneurs in the country.

Apple technology may rise in price: more than 20% of production leaves China

Apple technology may rise in price: more than 20% of production leaves China
Business

The conflict between the US and China is pushing corporations, including Apple, to diversify production, threatening to increase the cost of technology.

Business

Vice President of the Chinese transnational technology company Alibaba, specializing in e-commerce, retail, Internet and technology, has arrived in Uzbekistan. During the visit, the BMB Trade Group, headed by Chairman of the Supervisory Board Bekzod Mamatkulov, also held a meeting with the leadership of Alibaba.

Business

Tesla has built its first Cybertruck after 2 years of delays. In May, Elon Musk said Tesla would like to produce a quarter of a million Cybertrucks a year, depending on demand.

A new head of Alisher Usmanov's USM holding has been appointed

A new head of Alisher Usmanov's USM holding has been appointed
Business

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.

Business

The American company Amazon plans to increase its investments in India to $26 billion by 2030 and increase its investments in new projects to $6.5 billion. The company announced this after a meeting between CEO Andy and Indian Prime Minister Narendra Modi.

Business

Abdurashid Iminov continues his fascinating journey into the world of restaurant business, bringing his Uzbek taste and hospitality to the very center of New York.

Ukrainian taxi service Uklon launched in Uzbekistan

Ukrainian taxi service Uklon launched in Uzbekistan
Business

Ukrainian taxi service Uklon has been launched in Uzbekistan. The service is available in the city of Tashkent. Uklon will also provide delivery service.

Business

German Siemens plans to implement joint projects worth 3.4 billion euros in Uzbekistan. The company will build combined-cycle gas plants in Surkhandarya, as well as photovoltaic power plants in Navoi region.

Business

On May 23-25, a delegation of the country's leading textile enterprises visited Barcelona in Madrid in cooperation with the Uztextilprom Association.

Russian brand of household appliances Bork will enter the market of Uzbekistan

Russian brand of household appliances Bork will enter the market of Uzbekistan
Business

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.

Business

The company's stock has soared 35 percent this year, boosting its market value by nearly $690 billion, as investors have flocked to the iPhone maker for its steady earnings and huge cash flows. Thanks to this growth, Apple shares approached the record level of January 2022.

Business

The international exhibitions Caspian Agro and InterFood Azerbaijan will be held in the capital of Azerbaijan from May 17 to 19 this year. The Top Business team is preparing a special edition of the magazine for this exhibition.

Transactions for the sale of buildings of Aloqabank and the Ministry of Finance have been canceled

Transactions for the sale of buildings of Aloqabank and the Ministry of Finance have been canceled
Business

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.

Business

Saudi Cenomi Group, one of the market leaders in the fashion retail industry, representing more than 25 well-known global brands, announced its entry into the market of Uzbekistan. This was reported by the press service of the Ministry of Investment, Industry and Trade.

Business

In accordance with the decree of the President of Uzbekistan signed on April 26, from May 1 of this year to January 1, 2025, employers will again receive a refund of social tax when hiring employees under the age of 25.

New opportunities for the development of production and industrial cooperation

New opportunities for the development of production and industrial cooperation
Uzbekistan

On April 25 this year, the opening ceremony and the main plenary session of the International Industrial Exhibition “INNOPROM. Central Asia".