Leapmotor Brand Enters Uzbekistan’s Auto Market with Conditional Approval
On April 14, following positive results from repeated testing at the laboratory in Piskent, the Technical Regulation Agency and UzTest Center granted conditional approval for the circulation of Leapmotor-branded vehicles in Uzbekistan.
Asia is strengthening its position in the global economy
The economy of Central Asia may grow to 5% by 2025. Such a forecast is presented in the report "Economic Prospects and Integration in Asia," prepared for the beginning of the Boao Asian Forum in China.
CERR: Uzbekistan’s Business Climate Improved by 2 Points Over the Month
The Center for Economic Research and Reforms (CERR) has presented the results of its analysis of Uzbekistan’s business climate for February 2025. According to the study, the composite business climate indicator reached 54 points, increasing by 2 points compared to January. This growth indicates continued positive trends in the country’s business environment.
Voting process for the "Open" budget begins
The voting process for projects that have passed the selection stage in the first season of the 2025 "Participatory Budget" program will begin after 11:59 PM on March 10. This important stage will continue until 11:59 PM on March 20.
The Central Bank Launches the "Inflation Calculator"
The Central Bank has introduced a new tool on its official website – the "Inflation Calculator". This innovative feature allows citizens to easily calculate how the purchasing power of money has changed over different time periods.
Great Britain helps Uzbekistan accelerate accession to the WTO
The UK has officially confirmed its full support for Uzbekistan's path to membership in the World Trade Organization (WTO). The parties also agreed to expand technical assistance to accelerate the integration process.
The largest Kuwaiti companies are entering the Uzbek market
The official visit of the President of Uzbekistan Shavkat Mirziyoyev to Kuwait became a significant step in strengthening economic cooperation. During negotiations with the largest investment groups, agreements were reached on the implementation of large-scale projects in the fields of medicine, industry, logistics, and energy.
Russia's Military Spending Surpasses That of the Entire Europe
According to the findings of the "Military Balance" study conducted by the British International Institute for Strategic Studies (IISS), Russia's military spending now exceeds the total defense expenditures of all European Union countries and the United Kingdom. This was reported by Financial Times.
EU Pledges to Respond to New US Tariffs
The European Commission has announced that it will take countermeasures in response to the potential introduction of 25% tariffs on steel and aluminum by the United States. Brussels considers these tariffs illegal and counterproductive, warning that they could escalate the trade conflict between the EU and the US.
Prices Increased in Uzbekistan in January
Official inflation in Uzbekistan in January stood at 0.72%, higher than in January last year. Potato prices rose by 23.9%, sunflower oil by 2.2%, and meat by 1.1–1.2%. Payments for public kindergartens increased by 21%. This was reported by Gazeta.uz .
The Central Bank of India reduced the rate for the first time in five years
The Reserve Bank of India (RBI) has lowered its key interest rate for the first time since 2020 to support slowing economic growth. The decision to reduce the REPO rate by 25 basis points to 6.25% was made unanimously against the backdrop of weakening inflation and slow industrial production rates.
EU is in a hurry to start negotiations with the US to avoid a trade war
The European Union wants to start a dialogue with the Donald Trump administration as soon as possible to prevent the introduction of new duties on European goods. The head of the EU Foreign Trade Office, Marosh Shefchovich, said that Brussels is ready to immediately begin negotiations, as new tariffs may damage key trade and investment ties between the EU and the USA.
The "Torkham-Termiz" Transport Project Will Be Implemented in Cooperation with a Pakistani Company
"Uzbekistan is an important partner for Pakistan to gain access to the markets of Central Asia, the CIS, and Eastern European countries. Transporting goods by rail through Termiz is one of the most convenient solutions for reaching these markets. At the same time, we have all the necessary opportunities to develop alternative routes for cargo transportation," said Zahiruddin Babar, Director of Pakistan’s National Logistics Corporation (NLC).
The Fate of Japan's Economy Depends on Trump's Decision
Today, Japan's annual trade balance amounts to 8.6 trillion yen, with exports to the United States playing a significant role. An agreement on tariffs between Prime Minister Shigeru Ishiba and the 47th President of the United States, Donald Trump, could significantly impact the fate of Japan's economy. If Trump imposes new tariffs, it could negatively affect Japan's economy, leading to a decrease in exports.
This year, 309 trillion sums in revenue are planned to be received into the budget
On January 20 of this year, President Shavkat Mirziyoyev reviewed the presentation on the work of the Accounting Chamber in 2024 and the main tasks for 2025.
Economic Diplomacy Cooperation with China's Guangdong Province Intensifying
In order to further develop trade-economic and investment relations with the southern regions of China, the staff of the Consulate General held a meeting with Chen Siyaofen, the president of the China Council for the Promotion of International Trade Guangdong Committee (CCPIT).
Bitcoin Price Surpasses $103,000 A Historic Peak
An important event occurred in the cryptocurrency market: the price of 1 bitcoin exceeded $103,000 for the first time. This record sparked significant interest in global financial markets and prompted widespread discussions about Bitcoin's economic impact.
The volume of money transfers to Uzbekistan exceeded $11 billion
Compared to last year, the indicator increased by more than 34%.
Uzbekistan's GDP Could Reach $200 Billion by 2030
Uzbekistan's Ministry of Economy and Finance has provided updated forecasts for GDP and inflation, with projections showing the country's GDP could reach $200 billion by 2030.
Eurasian Development Bank to Open Office in Tashkent
Uzbekistan’s Minister of Investment, Industry, and Trade Laziz Kudratov held a meeting with the Chairman of the Eurasian Development Bank (EDB), Nikolay Podguzov, to discuss the expansion of cooperation between the two parties.