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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.

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.

Uzbekistan and Austria reach agreements on practical co-operation in the energy sector

Uzbekistan and Austria reach agreements on practical co-operation in the energy sector
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.

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.

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.

Uzbek-Malaysian business forum held in Samarkand

Uzbek-Malaysian business forum held in Samarkand
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.

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.

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.

Apple has conceded the lead in smartphone sales to Samsung

Apple has conceded the lead in smartphone sales to Samsung
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).

Business

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

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.

IPO: What is it and why is it needed?

IPO: What is it and why is it needed?
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.

Business

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

Business

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

Partnership between NUMA Diagnostics and Medipol Clinic

Partnership between NUMA Diagnostics and Medipol Clinic
Business

On February 25, a memorandum of cooperation will be signed between NUMA Diagnostics and the prestigious Turkish clinic Medipol.

Business

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

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.

Foreign IT giants that paid the most taxes to Uzbekistan

Foreign IT giants that paid the most taxes to Uzbekistan
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.

Business

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

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.

Private airport to be built in Akhangaran

Private airport to be built in Akhangaran
Business

The cost of the project is $380 million and construction work is scheduled to begin in the second half of this year.

Business

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

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.

Tesla to halt production at its plant in Germany

Tesla to halt production at its plant in Germany
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.

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.

Business

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

In 2023, Russian oligarchs became richer by $50bn

In 2023, Russian oligarchs became richer by $50bn
Business

Most Russian billionaires continued to get richer despite the Western sanctions. Their total fortune totalled $328.53 billion.

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.

Business

The damage is estimated at $219 million.

Yandex Go has become a tax resident of Uzbekistan

Yandex Go has become a tax resident of Uzbekistan
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.

Business

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

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.

Leading Chinese company opens regional office in Uzbekistan

Leading Chinese company opens regional office in Uzbekistan
Business

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

Business

Binance leaves Russia

Business

Amazon is accused of 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.

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) .

Tatyana Bakalchuk again topped the list of the richest women in Russia according to Forbes

Tatyana Bakalchuk again topped the list of the richest women in Russia according to Forbes
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.

Business

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.

Tesla builds first Cybertruck after two years of delays

Tesla builds first Cybertruck after two years of delays
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.

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.

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.

Abdurashid Iminov opened the restaurant "Go'sht" in America

Abdurashid Iminov opened the restaurant "Go'sht" in America
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.

Business

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.

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.

The Trading House of Uzbekistan opened in Barcelona

The Trading House of Uzbekistan opened in Barcelona
Business

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

Business

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.

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.

Top Business magazine is preparing a special edition for the exhibition in Azerbaijan

Top Business magazine is preparing a special edition for the exhibition in Azerbaijan
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.

Business

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.

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.

The procedure for returning social taxes to entrepreneurs with young employees has been extended

The procedure for returning social taxes to entrepreneurs with young employees has been extended
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.

World

Russian billionaire Alisher Usmanov ranked 122nd in the global ranking of the richest people in the world compiled by Forbes.