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.
Uzbekistan Exported $17.4 Million Worth of Dried Apricots in 2024
Uzbekistan is one of the leading countries in Central Asia in the export of fruits and vegetables. According to the Statistics Agency, in 2024, Uzbekistan exported 11.2 thousand tons of dried apricots worth $17.4 million.
China imposed retaliatory duties on American goods
China responded to new US trade sanctions by imposing additional duties on American imports. This move resumed tensions between the world's two largest economies, as US President Donald Trump seeks to punish Beijing for its lack of measures to combat drug smuggling.
Uzbekistan strengthens cooperation with EAEU
Uzbekistan continues to actively cooperate with the Eurasian Economic Union. A meeting of the Eurasian Intergovernmental Council was held in Almaty, where important decisions were made for the economic integration of the countries of the region.
Vladimir Putin Concerned About Russia's Economy
President Vladimir Putin is becoming increasingly concerned about Russia's economic situation as Donald Trump has promised to quickly resolve the Ukraine conflict and may be planning to impose new sanctions on Russia.
Uzbekistan Increases Textile Exports Growth
In 2024, Uzbekistan’s textile exports reached a record $2.9 billion, with supplies spanning 77 countries worldwide. These figures highlight the rapid development of Uzbekistan’s textile industry and its strengthened position in the global market.
VAT and profit tax rates will not increase until 2028
The Presidential Decree “On further measures to ensure equal conditions for entrepreneurs and a fair competitive environment” has been adopted.
The European Union has imposed sanctions on Iran
The European Union has banned the export, transfer, supply, or sale of components used in the development and production of missiles and UAVs to Iran.
Uzbekistan and Kuwait to Lift Restrictions on Flights by a Single Airline
The Uzbek delegation held talks with Kuwaiti officials during the ICAO ICAN-2024 event in Kuala Lumpur, Malaysia.
Uzbekistan's 2025 Economic Strategy Discussed at Presidential Meeting
President Shavkat Mirziyoyev led a crucial meeting focused on the results of economic growth in 2024 and the key macroeconomic indicators planned for 2025. Despite global challenges, Uzbekistan’s economy continues to show stable growth.