US and Uzbekistan Create Joint Shield for Business

Economy

In Washington, Saida Mirziyoyeva, Assistant to the President of Uzbekistan, held a strategic meeting with Ben Black, CEO of the U.S. International Development Finance Corporation (DFC). The negotiations have paved the way for the launch of a unique investment platform destined to fundamentally redefine the landscape for American business in the region.

Uzbekistan Strengthens International Transport Cooperation

Economy

Within the framework of the International Transport and Logistics Forum in Saint Petersburg, the Minister of Transport of Uzbekistan, Ilhom Makhkamov, held a series of bilateral meetings with his counterparts from Russia, Kazakhstan, Kyrgyzstan, Saudi Arabia, and the UAE.

Uzbekistan Prepares State Firms for IPO with Rothschild & Co

Economy

Uzbekistan is expanding cooperation with a global financial group to bring major state-owned enterprises to international capital markets, aiming to accelerate privatization and boost investment appeal.

The results of the negotiations were formalized by agreements

Economy

Following the first meeting of the Uzbek-Tajik Supreme Interstate Council, a ceremony was held to sign and exchange bilateral documents.

Paraguay Finalizes South American Leg of MERCOSUR – EU Deal

Economy

Paraguay became the last South American country to ratify the MERCOSUR – EU agreement, ending nearly 30 years of negotiations. The world’s largest free trade zone now awaits final approval in the European Union, where legal and political barriers remain.

Oil shock: Europe and Asia may bear higher economic costs of the war

Economy

The military conflict involving the United States, Israel and Iran has already triggered a sharp rise in oil and gas prices. Analysts say the economic burden is likely to fall more heavily on Europe and Asia, which depend more on energy imports than the United States.

Uzbekistan and China Aim to Reach $20 Billion Trade Turnover

Economy

Tashkent and Beijing plan to raise bilateral trade to $20 billion while expanding investment and economic cooperation. This was announced at the Uzbekistan–China business forum in the capital.

A package of bilateral agreements signed in priority areas of Uzbek-American cooperation

Economy

As part of the business program of his visit to Washington, President of the Republic of Uzbekistan Shavkat Mirziyoyev took part in a ceremony for the signing of a number of bilateral documents and the presentation of joint projects.

Uzbekistan and Tajikistan expand economic partnership

Economy

In Dushanbe, Uzbekistan’s Prime Minister Abdulla Aripov and Tajik President Emomali Rahmon met to discuss strengthening economic ties and launching new areas of joint projects.

US ready to invest up to $9 billion in Armenia’s nuclear energy

Economy

The United States and Armenia have signed a civil nuclear cooperation agreement that could pave the way for up to $9 billion in investments and allow US companies to participate in building a new nuclear power plant.

President of Uzbekistan Holds Series of Meetings with Leading Pakistani Companies in Islamabad

Economy

As part of the Uzbekistan-Pakistan business forum in Islamabad, President of Uzbekistan Shavkat Mirziyoyev held a series of meetings with leaders of leading Pakistani companies.

EU Threatens Secondary Sanctions on Kyrgyzstan

Economy

The European Union is considering using its anti-circumvention tool for the first time to ban the export of certain machinery and radio equipment to Kyrgyzstan. The measure is being discussed as part of the preparation of the 20th sanctions package against Russia, expected by the end of February 2026.

Uzbekistan’s Central Bank Limits Online Loans

Economy

Uzbekistan introduces new online lending rules: each citizen can now take only one online loan per day from a single credit institution. The measure aims to protect people from fraud and unauthorized loans.

Uzbekistan’s Gold Reserves Reach Record Levels

Economy

According to the Central Bank, as of January 1, 2026, the value of gold in Uzbekistan’s international reserves reached $55.1 billion, up from $32.0 billion at the start of 2025.

National Currencies Dominate Trade Within the CIS

Economy

CIS countries have nearly completed their shift to national currencies in mutual trade, with dedollarization reaching record levels and becoming a stable trend.

All Precious Metals Hit Records Amid Geopolitics

Economy

On Monday, December 22, the price of gold exceeded $4,400 per ounce for the first time in history, setting an absolute record. In 2025, the yellow metal has risen by more than 68% — the highest annual increase since 1979. Analysts attribute the surge to geopolitical instability, expectations of a Fed rate cut, and active purchases by central banks.

President of Uzbekistan advocates for expanding cooperation with Japan Bank for International Cooperation

Economy

Continuing the business program of his official visit to Tokyo, President of the Republic of Uzbekistan Shavkat Mirziyoyev received Nobumitsu Hayashi, governor of the Japan Bank for International Cooperation (JBIC).

Cargill to Invest Up to $3 Billion in Uzbekistan’s Energy Security

Economy

Uzbekneftegaz and U.S.-based Cargill have signed a cooperation agreement to attract up to $3 billion in long-term financing, with the possibility of expanding it to $5 billion. The funds will support Uzbekistan’s energy security and modernization of key infrastructure systems.

Central Bank Penalizes Banks and Restricts Two Payment Systems

Economy

The Central Bank of Uzbekistan has imposed fines on several financial institutions and introduced six-month restrictions on the major payment systems Tezpay and National Pay. The decisions follow a series of inspections conducted in October, which uncovered multiple violations in the banking and digital payments sector.

SCO Strengthens Its Position: The “China – Kyrgyzstan – Uzbekistan” Megaproject Reshapes Regional Logistics

Economy

The SCO is stepping into a new phase: nearly one-third of global GDP, the Year of Sustainable Development, and the launch of the strategic “China–Kyrgyzstan–Uzbekistan” railway, expected to accelerate trade flows between China and Europe and create a new source of long-term income for the region.