| Economy

Mordovia and Uzbekistan Sign Eight Contracts Worth $25 Million

Economy

Mordovia and Uzbekistan have signed eight cooperation agreements between companies from the two sides worth a combined $25 million. The agreements were concluded during a bilateral business forum in Tashkent attended by a Russian regional delegation led by Head of Mordovia Artyom Zdunov.

Uzbekistan and Al Alfia Holding Discuss New Investment Projects

Economy

Uzbekistan and Qatar’s Al Alfia Holding have discussed expanding investment cooperation and launching new projects. The talks took place on August 13 during a meeting between Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov and a company delegation led by Zainab Al-Yousuf, a special representative of the company’s management.

Iran Prepares to Join the New Development Bank of BRICS

Economy

Iran plans to join the New Development Bank (NDB) of BRICS in the near future, Governor of the Central Bank of Iran Abdolnaser Hemmati said. He described membership in the bank as one of the key outcomes of Iran’s financial cooperation with BRICS countries.

Russia Is Losing Its Grip on Central Asia’s Logistics

Economy

Central Asian countries are diversifying their transport routes to reduce dependence on individual corridors and make trade more resilient to geopolitical risks. The Trans-Caspian International Transport Route, known as the Middle Corridor, is gaining particular importance as a link between China, Central Asia and European markets.

Extreme Heat Could Cost Europe €800 Billion by the End of the Decade

Economy

Extreme heat is emerging as one of Europe's most significant climate risks, placing growing pressure on the economy, labor markets and critical infrastructure. Experts estimate that the cumulative economic impact could reach as much as €800 billion.

Uzbekistan National Investment Fund Assets Reach $2.66 Billion as GDRs Hit Record High

Economy

The Uzbekistan National Investment Fund (UzNIF) closed the first half of 2026 with a strong increase in net asset value, boosting investor confidence and driving its global depositary receipts (GDRs) listed on the London Stock Exchange to a new all-time high.

Uzbekistan and Iraqi Kurdistan Expand Business Partnership

Economy

Uzbekistan and the Kurdistan Region of Iraq are taking another step toward strengthening trade and economic cooperation. The Uzbekistan–Iraqi Kurdistan Economic Forum provided a platform for discussing new investment initiatives, expanding exports, and establishing direct business-to-business partnerships.

China–Kyrgyzstan–Uzbekistan Railway Enters a New Stage

Economy

Construction of the China–Kyrgyzstan–Uzbekistan railway continues to advance, strengthening regional connectivity and creating new opportunities for international trade. The progress of the strategic project was the central focus of talks between Uzbek and Chinese officials.

Uzbekistan and Belarus Elevate Relations to Strategic Partnership

Economy

Following the talks, President of the Republic of Uzbekistan Shavkat Mirziyoyev and President of the Republic of Belarus Alexander Lukashenko signed a Declaration on the Establishment of Strategic Partnership Relations.

Uzbekistan and Belarus Shift from Trade to Joint Production

Economy

Uzbekistan and Belarus intend to move beyond traditional trade towards joint manufacturing, localised production and coordinated expansion into third-country markets. The new model of economic cooperation emerged as one of the key themes of the third Forum of Regions of the two countries.

Central Bank of Uzbekistan Ranks Second Globally in Precious Metal Purchases

Economy

According to a report by the World Gold Council (WGC), the Central Bank of Uzbekistan ranked second worldwide in net gold purchases during the first four months of the year. Despite a symbolic sale of one ton in April, the regulator expanded its holdings by 24 tons since the beginning of the year, trailing only the National Bank of Poland, which boosted its assets to 595 tons. By the end of the reporting period, Uzbekistan possessed 414 tons of the precious metal, accounting for a record 88% of the country's total international assets.

The President of Uzbekistan discussed expanding trade and economic cooperation with Oman

Economy

President of the Republic of Uzbekistan Shavkat Mirziyoyev received a delegation from the Sultanate of Oman, led by the country's Minister of Economy, Khamis bin Saif Al Jabri, who arrived in our country to participate in the Tashkent International Investment Forum.

Vladimir Putin Calls Alliance with ASEAN an Anchor of Stability in the Asia-Pacific

Economy

The convergence of the geopolitical platforms of Russia and the Southeast Asian nations, grounded in shared moral values and the recognition of cultural diversity, is emerging as a pivotal element in shaping a new international security architecture. At the opening of the jubilee Russia–ASEAN summit, dedicated to the 35th anniversary of bilateral relations, Russian President Vladimir Putin underscored the distinct role of this interstate alliance. According to the Russian leader, amid global turbulence, the strategic partnership between Moscow and the association serves as a vital stabilizing factor in the Asia-Pacific region.

Riyadh and Tashkent Launch a Two-Year Tourism Breakthrough Plan

Economy

A new two-year strategy to transform mutual travel routes is set to fundamentally reshape the passenger traffic structure between Uzbekistan and Saudi Arabia in the medium term. Official Tashkent and Riyadh have solidified their intentions to diversify tourism products, betting not only on religious pilgrimage but also on unique eco-climatic experiences. The foundational vector of this effort will be a detailed roadmap aimed at multiplying the number of visitors from the Kingdom.

Gender Equality as a GDP Factor: Equal Participation of Women in the Economy to Bring 29% Growth to Uzbekistan

Economy

The integration of women into key macroeconomic processes and the elimination of the gender pay gap serve as powerful catalysts for sustainable growth, capable of substantially reducing poverty levels and strengthening the state's social stability. Uzbekistan's national income could expand by 29% with the equal participation of women in the economy. This assessment was shared on the sidelines of the Tashkent International Investment Forum by Ceren Guven Gures, Head of the UN Women Central Asian Coordination Office. Referencing verified figures from the World Bank, the expert emphasized that simply aligning women's wages with those of men would lift over 700,000 people out of poverty, unlocking immense macroeconomic opportunities for societal prosperity.

Laziz Kudratov and David Fogel Locked in New Priorities for US Investors

Economy

The economic partnership between Tashkent and Washington has crossed a historical milestone and is moving toward a level of direct interregional cooperation. After mutual trade confidently surpassed the one-billion-dollar mark, the sides transitioned into establishing practical mechanisms for American capital. The document, signed at a high ministerial level, opens the doors for direct contacts between the businesses of both nations, turning abstract agreements in high-tech and energy sectors into real investment projects.

Uzbek Citizens Will Be Able to Fly to Hong Kong Visa-Free

Economy

Uzbekistan and Hong Kong are advancing to a higher tier of strategic and tourism partnership. Following the official visit of Hong Kong Chief Executive John Lee to Tashkent, the parties agreed to implement a comprehensive mutual visa-free framework for periods of up to 30 days. The exchange of verbal notes grants citizens of Uzbekistan unrestricted access to one of the planet's primary financial hubs, while offering businesses direct investment pipelines into artificial intelligence and digital transformation.

Uzbekistan and China Launch Regional-Scale Megaprojects

Economy

The Third Interregional Forum, which gathered a record-breaking 2,000 delegates, has turned a brand-new page in the strategic partnership between Tashkent and Beijing. While officials and business executives signed multi-million dollar contracts covering the green economy and digital technologies during panel sessions, Uzbekistan's National Pavilion became the central hub of attraction for thousands of foreign investors eager to capitalize on new industrial growth centers.

Saida Mirziyoyeva Holds Talks with US Special Envoy in London

Economy

During her visit to London, Head of the Presidential Administration of Uzbekistan Saida Mirziyoyeva met with U.S. Special Envoy for South and Central Asia, Ambassador Sergio Gor, to cement the success of the recent historic debut of Uzbek state assets on the international stock market.

President of Uzbekistan attends opening of World Urban Forum

Economy

The President of the Republic of Uzbekistan Shavkat Mirziyoyev participated in the opening ceremony of the thirteenth session of the World Urban Forum, held in Baku under the auspices of the United Nations Human Settlements Programme.