A Record-Breaking Year for Uzbekistan’s Economy
Uzbekistan’s GDP has surpassed €123 billion for the first time, marking a record year of growth, investment, and declining poverty.
Central Asia – Japan Summit Approves Roadmap
The first-ever "Central Asia — Japan" summit concluded in Tokyo with the adoption of a landmark declaration. The document cements three strategic vectors of cooperation, including the development of transit routes and green technologies, and marks a new stage in relations between the region and one of the world's leading economies.
President of Uzbekistan holds a meeting with the Minister of economy, trade and industry of Japan
On December 19, as part of the official visit to Tokyo, President of the Republic of Uzbekistan Shavkat Mirziyoyev received the Minister of economy, trade and industry of Japan Ryosei Akazawa.
Euroclear Braces for Legal Defense
Euroclear stated it has been prepared since 2022 to defend its interests in Russian courts in cases initiated by investors from Russia. The company emphasized, however, that these proceedings are unrelated to the dispute involving the Bank of Russia and the EU’s plans for Russian frozen assets.
Uzbekistan’s Public Debt Exceeds $44 Billion: Key Creditors and How Funds Are Allocated
As of October 1, 2025, Uzbekistan’s public debt reached $44 billion, marking an annual increase of nearly $4.9 billion. External debt amounts to $36.7 billion, while domestic debt stands at $7.2 billion. Public debt now equals 32.3% of GDP, with $1,154 per capita.
Presidents of Uzbekistan and Turkmenistan launch a cross-border trade zone
Following high-level talks, President of the Republic of Uzbekistan Shavkat Mirziyoyev and President of Turkmenistan Serdar Berdimuhamedov took part in the ceremony for the launch of the joint “Shavat-Dashoguz” cross-border trade zone.
Theo Francken: Seizing Russian Assets Could Have “Massive Consequences”
Belgium’s Minister of Defense and Foreign Trade, Theo Francken, has warned that confiscating frozen Russian assets would set a dangerous precedent with far-reaching global consequences and could provoke a strong response from Moscow.
CitiBank opens office in Tashkent
The opening of the representative office of the global banking giant CitiBank in Tashkent can be an important signal for international investors.
$1 billion: Uzbekistan and Azerbaijan agree on trade growth
Uzbekistan and Azerbaijan agreed to increase trade turnover to $1 billion by 2030. The agreement was reached at the 14th meeting of the Joint Intergovernmental Commission on Cooperation held in Baku.
The average salary in Tashkent was almost 10 million soums
At the beginning of April 2025, the average monthly nominal salary in Uzbekistan amounted to more than 5.7 million soums, which is 18% more than last year. These data were provided by the State Statistics Committee of the Republic of Uzbekistan.
Deposits of rare earth metals have been discovered in Kazakhstan
In the Karaganda region of Kazakhstan, one of the world's largest reserves of rare earth metals has been discovered - the find could lead the country to the world's top three strategic raw materials.
The Central Bank of Uzbekistan Announces Updated Prices for Gold Bullion Bars
On March 18, the Central Bank of the Republic of Uzbekistan published updated data on the prices of gold bullion bars, which are traditionally in demand among investors and private individuals seeking to preserve their capital.
Free Trade Regime Introduced Between Uzbekistan and Turkmenistan
As of February 25, 2025, a free trade regime has been introduced between Uzbekistan and Turkmenistan. This initiative was approved by a decree of the President of Uzbekistan on January 27, 2025.
The Procedure for State Purchases via Corporate Bank Cards Has Been Established
The government has approved Resolution No. 108 “On the Procedure for State Purchases via Corporate Bank Cards.” This regulation defines the procedure for government customers to carry out state purchases in the national currency in a cashless form using corporate bank cards (procurement cards).
ADB allocates $125 million for the modernization of Uzbekistan's water resources
The Asian Development Bank (ADB) provided $125 million to Uzbekistan for the modernization of the water resources management system. The funds will be spent on the introduction of intelligent technologies, increasing the efficiency of water supply, and adapting to climate change. The project will also cover the digitalization of water consumption accounting and training of specialists.
Uzbekistan and Kuwait unite efforts in economy and investment
Uzbekistan's President Shavkat Mirziyoyev continues his official visit to Kuwait, where he held several key meetings with the country's top leadership. The focus is on deepening political dialogue, developing trade, economic, and investment cooperation, and preparing for the upcoming "Central Asia - Gulf Cooperation Council" summit.
New opportunities for refinancing issued mortgage loans will be created
On February 12, the Law No. O‘RQ-1028 was adopted, introducing amendments and additions to certain legislative acts.
Potato imports from Pakistan led to a price drop
Experts from the Institute of Macroeconomic and Regional Studies under the Cabinet of Ministers analyzed changes in the prices of 21 types of food products in major supermarkets in Tashkent in February 2025. According to IMRS Research, monitoring results showed that the prices of six types of products decreased compared to previous months.
Scholz promised strict measures in case of a trade war
German Chancellor Olaf Scholz stated that the European Union will be able to respond promptly to potential trade tariffs imposed by US President Donald Trump. According to him, the EU is ready to take countermeasures within an hour if Washington begins a trade attack on the European market.