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.
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.
Top 10 largest companies providing the most jobs in Uzbekistan
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 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).
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 B1 intends to enter the consulting market in Uzbekistan
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.
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.
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.
Jeff Bezos overtakes Elon Musk as world's richest person
Tesla Inc.'s stock sank again on Monday, costing Elon Musk his title as world's richest person.
On February 25, a memorandum of cooperation will be signed between NUMA Diagnostics and the prestigious Turkish clinic Medipol.
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.
The largest new building fair UYSOT EXPO 2024
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.
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, founder of conglomerate Adani Group, is once again among the world's richest people, ranking 12th with a fortune of $100.7bn.
Uzbek company signs $5m deal with McCormick Global Ingredients Ltd.
BMB Holding has become the first Uzbek company to sign an agreement with the 130-year-old US company.
The cost of the project is $380 million and construction work is scheduled to begin in the second half of this year.
On 23 January this year, BMB Holding management met with Ziya Gaziev, President of Proto Global GmbH, in Berlin.
Entrepreneurial sustainability rating to be introduced
From 1 February 2024, the Entrepreneur Sustainability Rating will be introduced, which will identify and incentivise entrepreneurs who comply with legal requirements.
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.
Apple's market value has fallen below Microsoft's capitalisation for the first time since 2021.
Google and Amazon are making staff cuts
Google attributed its decision to its desire to reduce costs, improve efficiency and focus on core products.
Most Russian billionaires continued to get richer despite the Western sanctions. Their total fortune totalled $328.53 billion.
In 2023, AhadMix Group participated in nearly 1,000 events as a technical partner and invested around $2 million in its development.
Alisher Usmanov's fortune exceeds $20bn
The owner of a billion-dollar fortune has significantly increased his income.
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.
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.
Bloomberg: Ilon Musk lost more than $16bn overnight
His financial condition has shrunk amid Tesla's poor results in the third quarter.
President of Uzbekistan met with chairman of Amer International, a leading Chinese company, in Beijing.
The company announced a complete cessation of operations in the country.
Amazon is accused of monopoly
17 US states sued Amazon over monopoly.
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.
The conflict between the US and China is pushing corporations, including Apple, to diversify production, threatening to increase the cost of technology.
Today President Shavkat Mirziyoyev will hold an open dialogue with entrepreneurs
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.
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.
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.
Raiffeisenbank postpones exit from Russia. It hopes the war will end sooner-Reuters
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.
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 has been launched in Uzbekistan. The service is available in the city of Tashkent. Uklon will also provide delivery service.
Several Russian restaurants are planned to open in Uzbekistan
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.
On May 23-25, a delegation of the country's leading textile enterprises visited Barcelona in Madrid in cooperation with the Uztextilprom Association.
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.
Russia remains the leader in the number of new enterprises in Uzbekistan
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.
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 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.
Net profit of UzAuto Motors decreased by 44 percent in the first quarter
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.
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.
On April 25 this year, the opening ceremony and the main plenary session of the International Industrial Exhibition “INNOPROM. Central Asia".
Tatneft may participate in the modernization of the oil plant in Bukhara
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.