| Economy

Fitch Upgrades Uzbekistan's Rating Outlook to 'Positive'

Economy

Uzbekistan has taken a pivotal step toward securing an investment-grade sovereign credit rating. The international rating agency Fitch Ratings has officially upgraded the republic's long-term issuer default rating outlook from 'Stable' to 'Positive.' This revision is underpinned by Tashkent's stringent fiscal discipline, which facilitated a reduction in the budget deficit and drove a substantial expansion of foreign currency reserves. The Presidential Administration's leadership emphasized that this adjustment serves as a direct signal of confidence from global capital markets.

"Made in Uzbekistan" Brand Enters Syria: Logistics Center Launched in Aleppo

Economy

The Chamber of Commerce and Industry of Uzbekistan has announced the launch of a major infrastructure project in Aleppo, one of the Middle East's largest economic hubs. The opening of the joint Trading House and distribution center is set to dismantle logistical barriers and pave a direct path for the export of national goods.

Uzbekistan Strengthens Its Investment Position in London

Economy

A series of high-level meetings took place in London involving Saida Mirziyoyeva and representatives of the UK government, the London Stock Exchange, and major international financial institutions. The talks focused on growing investor interest in Uzbekistan, the successful IPO of UzNIF, and the development of the country’s financial market.

The President of Uzbekistan put forward a number of initiatives at the informal summit of the Organization of Turkic States

Economy

On May 15, President of the Republic of Uzbekistan Shavkat Mirziyoyev participated in the informal summit of the Organization of Turkic States on the topic of "Artificial Intelligence and Digital Development."

Billions in Stories, Pennies for the Budget: Tax Office Puts Influencers Under Scrutiny

Economy

The era of unchecked social media advertising in the Uzbek segment is coming to an end. The Tax Committee of Uzbekistan has initiated a direct dialogue with top influencers, pointing out a significant gap between their multi-million earnings and modest tax contributions.

UzNIF Opens Doors to London and Tashkent Exchanges

Economy

Uzbekistan is ascending to a new financial height: The National Investment Fund (UzNIF) has announced the launch of a historic dual listing in Tashkent and London. This marks the first time domestic assets have become accessible to global giants like BlackRock, while simultaneously offering local retail investors unique terms and discounts.

Germany May Demand AFU Stop Strikes on Russian Ports

Economy

Europe is facing a new phase of energy confrontation. Starting May 1, Russia is halting the transit of Kazakh oil to Germany via the "Druzhba" pipeline, citing a lack of technical capacity. According to Western analysts, this decision could trigger a chain reaction affecting not only the German economy but also Ukraine's military strategy.

Economic Leap: Uzbekistan to Sell Shares of Strategic Giants for $2.4 Billion

Economy

Uzbekistan is preparing for an unprecedented entry into global financial markets. In May, the National Investment Fund (UzNIF) will launch an IPO, offering 30% of its assets valued at $2.4 billion. President Shavkat Mirziyoyev announced this on April 24, emphasizing that this move will propel the national economy to a new level on the international stage.

Thierry Mariani Claims EU is "Digging Its Own Grave" in Ukraine

Economy

Brussels' commitment to supporting Kyiv "at any cost" is leading to an inevitable economic and political collapse for Europe. MEP Thierry Mariani issued this stark warning, characterizing the current policy of EU elites as a process of self-destruction.

The President of Uzbekistan visited the Regional Environmental Summit exhibition

Economy

As part of his working visit to Kazakhstan, on April 22, President of the Republic of Uzbekistan Shavkat Mirziyoyev, along with the heads of delegations from Central Asian countries, Mongolia, Azerbaijan, Georgia, and Armenia, visited the national pavilions at the Regional Environmental Summit exhibition, held at the EXPO International Exhibition Center in Astana.

Tenge Bank's Surge and Three Trillion Profit: CERR Presents Banking System Results

Economy

Uzbekistan's banking sector is demonstrating an impressive surge in efficiency: net profits for the first quarter of 2026 jumped by 36.3%, reaching 3.1 trillion soums. The Center for Economic Research and Reforms (CERR) has updated its activity rankings, highlighting the winners and losers of the financial market.

From Energy to Migration: How Uzbekistan and Russia Plan to Double Trade Turnover

Economy

The sixth meeting of the joint commission at the level of heads of government of Uzbekistan and Russia has concluded in Moscow. Negotiations between Abdulla Aripov and Mikhail Mishustin solidified a transition toward deep technological and industrial integration, setting an ambitious target of $30 billion in bilateral trade by 2030.

Bakhtiyor Saidov and José Manuel Albares Sign Package of Key Agreements

Economy

The Minister of Foreign Affairs of Uzbekistan, Bakhtiyor Saidov, held productive talks in Madrid with his Spanish counterpart, José Manuel Albares. The meeting concluded with the signing of strategic documents that lay the groundwork for close cooperation between the two nations through 2028.

Central Asia Meets in Afghanistan for First Time in Five Years

Economy

Afghanistan is reclaiming its status as a hub for major regional politics. On April 5, Kabul independently organized and hosted the "Consultative Dialogue of Afghanistan and Central Asia" for the first time since 2021. This meeting marks a significant shift from negotiations on neutral territories to direct discussion in the very heart of the region.

Japanese investor eyes Uzbekistan: new projects in Urgench and New Tashkent

Economy

Uzbekistan’s Minister of Investments, Industry, and Trade, Laziz Kudratov, held a strategic meeting with Yukio Shimizu, Chairman and CEO of the Japanese company Kyoto Plaza. The discussions focused on the current state of cooperation, the implementation of an ongoing project in Urgench, and prospects for launching new initiatives in New Tashkent.

An expanded meeting of the Eurasian Intergovernmental Council has started in Shymkent

Economy

An expanded meeting of the Eurasian Intergovernmental Council has opened in Shymkent, with artificial intelligence emerging as a key topic and a joint statement potentially set for May.

Orbán Halts Gas Supplies to Ukraine

Economy

Hungary has suspended gas supplies to Ukraine, linking their resumption to the restoration of Russian oil flows via the Druzhba pipeline.

World Powers Set to Release Record 400 Million Barrels of Oil From Strategic Reserves Due to Middle East War

Economy

The International Energy Agency (IEA) has announced the largest coordinated release of strategic oil reserves in history — 400 million barrels, representing roughly one‑third of member countries’ total emergency stocks. The move comes as the global oil supply faces severe disruption due to the ongoing U.S.–Israel conflict with Iran and the effective closure of the Strait of Hormuz, a key maritime route that previously handled about 20–25% of global oil shipments.

Kazakhstan and Uzbekistan Build New Trade Transit Center

Economy

Kazakhstan and Uzbekistan have launched a major project to build a modern multipurpose logistics center in the Tashkent Region. The new transport and logistics hub is expected to strengthen the transit potential of the region and become an important link in Eurasian trade routes.

U.S. to stop collecting Trump-era tariffs from February 24

Economy

The U.S. Customs and Border Protection will stop collecting tariffs introduced by the administration of Donald Trump under the International Emergency Economic Powers Act (IEEPA) starting February 24.