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Business

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.

Business

Uzbekistan’s Ambassador Ravshan Usmanov held a meeting with James Dauen, Director of the British company DFA. During the meeting, the British company expressed interest in participating in the design of facilities to be constructed in the new city of Tashkent.

Elon Musk Breaks Records: The Wealthiest Man in History!

Elon Musk Breaks Records: The Wealthiest Man in History!
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

Telegram Wallet is set to open its official office in Uzbekistan. This was revealed through a job posting for a regional office manager.

Business

Tashkent, October 17, 2024. The President of Uzbekistan has approved decree No. PП-357 dated October 14, 2024, aimed at further developing the ecosystem for startup projects and venture funding. This initiative is designed to support new ideas and innovations in the field of digital technologies.

Nvidia Shares Hit All-Time High Closing Price

Nvidia Shares Hit All-Time High Closing Price
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

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.

Business

From January to August 2024, Uzbekistan imported nearly 2.6 million mobile phones worth $236.2 million from abroad. This figure marks a significant increase compared to the same period last year.

OpenAI raises $6.6 billion, now valued at $157 billion

OpenAI raises $6.6 billion, now valued at $157 billion
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

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.

Business

The European Union Court has ruled that Apple must pay €13 billion in unpaid taxes in Ireland. This decision concludes a decade-long investigation into the tax breaks provided by the Irish government, marking a significant victory for the European Commission.

New Opportunities for Small Business Support!

New Opportunities for Small Business Support!
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

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

French TV channel LCI has reported the detention of Telegram founder Pavel Durov in Paris, citing his refusal to cooperate with French law enforcement as the reason.

Open Dialogue with Entrepreneurs

Open Dialogue with Entrepreneurs
Business

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

Business

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.

Business

The Cabinet of Ministers issued a resolution on July 31, 2024, No. 463 "On measures to organize the evaluation of key performance indicators (KPI) for leaders and deputy leaders of republican and local executive authorities and economic associations."

Russia's Wealthiest Earned $26.2 Billion Since Beginning of the Year

Russia's Wealthiest Earned $26.2 Billion Since Beginning of the Year
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

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.

Business

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.

A business forum was held with the participation of representatives of the tourism sector of Uzbekistan and China

A business forum was held with the participation of representatives of the tourism sector of Uzbekistan and China
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

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.

Business

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.

Discussed Prospects of Cooperation with the Regional Leadership of AcwaPower

Discussed Prospects of Cooperation with the Regional Leadership of AcwaPower
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

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:

Business

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.

Car sales in Uzbekistan are declining, but there is growth in the electric vehicle segment

Car sales in Uzbekistan are declining, but there is growth in the electric vehicle segment
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

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.

Business

Turkish businessmen Selcuk and Haluk Bayraktar, who own Baykar Defence, have been included in Forbes' annual billionaires list for the first time.

The best places in the world to do business

The best places in the world to do business
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

Tesla Inc.'s stock sank again on Monday, costing Elon Musk his title as world's richest person.

Business

According to the Agency of Statistics, in January 2024, 5,945 new small businesses (excluding farms and peasant farms) were created in Uzbekistan.

How many family businesses are operating in Uzbekistan?

How many family businesses are operating in Uzbekistan?
Business

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

Business

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.

Business

In February, the company announced its founder's intention to sell up to 50 million shares by the end of January 2025.

Japanese corporations bought up 222 companies in the US in 2023

Japanese corporations bought up 222 companies in the US in 2023
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

BMB Holding has become the first Uzbek company to sign an agreement with the 130-year-old US company.

Business

The brand's value rose 74% in a year to reach $516.6bn.

Nokia will cease to exist

Nokia will cease to exist
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

From 1 February 2024, the Entrepreneur Sustainability Rating will be introduced, which will identify and incentivise entrepreneurs who comply with legal requirements.

Business

The Federal Antimonopoly Service explained that the US corporation had violated antimonopoly legislation with a number of bans for iOS application developers.

Pakhtakor Football Club is put up for sale

Pakhtakor Football Club is put up for sale
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

Google attributed its decision to its desire to reduce costs, improve efficiency and focus on core products.

Business

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.

Relations between Uzbek and Chinese businesswomen will be on the rise

Relations between Uzbek and Chinese businesswomen will be on the rise
Business

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

Business

The owner of a billion-dollar fortune has significantly increased his income.

Business

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.

Hyundai Motor to sell Russian plant

Hyundai Motor to sell Russian plant
Business

The damage is estimated at $219 million.

Business

His financial condition has shrunk amid Tesla's poor results in the third quarter.

Business

Business forum of businessmen of Uzbekistan and Tatarstan is being held. This was reported by the press service of Uzkimyosanoat JSC.

Jeff Bezos rose to second place in the list of the world's richest people

Jeff Bezos rose to second place in the list of the world's richest people
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

17 US states sued Amazon over monopoly.

Business

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.

Intermediate session of the Council of Foreign Investors was held

Intermediate session of the Council of Foreign Investors was held
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

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.

Business

Chairman of the Supervisory Board of "BMB Trade Group" met with the Vice President of Alibaba.com

Chairman of the Supervisory Board of "BMB Trade Group" met with the Vice President of Alibaba.com
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

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.

Business

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.

Amazon and Google raise their investments in India

Amazon and Google raise their investments in India
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.