| Economy

Bitcoin Surges to $94,000 Amid Maduro Arrest

Economy

On Monday, Bitcoin rose 3.9% to reach $94,000 — its highest level since November 17. The market reacts to the arrest of Venezuelan President Nicolás Maduro and rumors of a possible seizure of up to 600,000 BTC from the country’s “shadow” reserve.

$75,000 a Second: How U.S. Debt Is Growing

Economy

U.S. government debt is growing at an alarming pace — more than $75,000 every second, according to Senator Rand Paul’s annual report on federal spending.

Southward Course: Russia Unveils Cooperation Potential with Africa

Economy

At the ministerial meeting of the Russia-Africa Forum, Sergey Lavrov declared Moscow's readiness to elevate cooperation with the continent to a new level. The Russian Foreign Minister proposed concrete steps—from opening embassies to settlements in national currencies—and sharply condemned attempts by third countries to draw Africa into geopolitical games.

Fitch Flags Risks to Euroclear Over EU Plans for Russian Assets

Economy

Fitch has placed Euroclear on Rating Watch Negative, citing increased risks linked to the European Union’s plans to use frozen Russian central bank assets to support Ukraine.

Euroclear: EU’s Reparations Proposal Is a Step Into Legal Unknown

Economy

Euroclear has stated that it cannot transfer frozen Russian assets to the European Union for free, warning that the EU’s proposed reparation-loan scheme lies outside existing legal frameworks and could jeopardize financial stability.

Japan–Central Asia summit to be held in December

Economy

Japan plans to hold the first-ever “Japan – Central Asia” summit in mid-December, reviving an initiative postponed due to earthquake risks. Tokyo aims to expand cooperation with the region, from trade links to decarbonisation efforts.

Central Asian countries to launch unified digital transport platform

Economy

Transport ministers of Central Asian nations have agreed to create a unified digital platform aimed at integrating regional logistics systems and boosting cargo movement from China to Europe. The announcement came from Uzbekistan’s Transport Minister Ilhom Makhkamov following a ministerial meeting in Tashkent.

Trump announces trade deal with EU

Economy

The United States and the European Union struck a major trade deal on July 27, avoiding a trade war by agreeing to a 15% import tariff — half the originally threatened 30%. In return, the EU pledged $600 billion in investments into the US and increased purchases of American energy and defense goods.

The EU is preparing retaliatory tariffs for €72 billion

Economy

The European Union has published a list of 72 billion euros worth of American goods that could fall under retaliatory tariffs if the US does not abandon the introduction of 30% tariffs on European imports from August 1st.

The Tehran Declaration of the ECO was adopted

Economy

In Tehran, the transport ministers of the Economic Cooperation Organization (ECO) member states adopted a final document - the Tehran Declaration, which outlines joint measures for infrastructure development and strengthening ties in the region.

BMB HOLDING is Emerging as Uzbekistan’s Export Brand

Economy

On April 24, 2025, an important meeting took place at the headquarters of BMB HOLDING, attended by the U.S. Ambassador to Uzbekistan, Jonathan Henick, and Chairman of the Supervisory Board of the Holding, Bekzod Mamatqulov. The ambassador closely familiarized himself with the company’s operations, products, and production technologies.

OpenAI has become "own" in Uzbekistan

Economy

One of the world leaders in artificial intelligence - OpenAI, which developed ChatGPT, is now officially present in the tax field of Uzbekistan. This means that OpenAI will pay VAT for providing its digital services within the country.

Central Bank Raises Key Interest Rate to 14% Amid Rising Inflation

Economy

The Board of the Central Bank of Uzbekistan has decided to tighten monetary policy by increasing the key interest rate by 0.5 percentage points — from 13.5% to 14% annually. The measure aims to curb inflationary pressures and ensure price stability in the economy.

Kyrgyzstan Wants to Export Agricultural Products to the U.S.

Economy

Kyrgyzstan hopes for simplified trade procedures for exporting honey, dried fruits, and other agricultural products to the United States.

"Namangan" Special Export Zone to Be Established

Economy

In order to accelerate Uzbekistan's economic development and enhance its export potential, a new special export zone – "Namangan" Special Export Zone – will be established in the Namangan region, in accordance with the Presidential Decree (PF-41). This project will create new opportunities for local manufacturers and facilitate their entry into foreign markets.

The Republic of Uzbekistan Has Issued Its Next Sovereign International Bonds

Economy

The Republic of Uzbekistan has placed its next sovereign international bonds on global financial markets, with a total equivalent value of approximately $1.5 billion. This was reported by the Ministry of Economy and Finance.

The EU will continue to pressure the Kremlin

Economy

The European Union has agreed on a new package of sanctions against Russia, which includes banning the import of primary aluminum, blocking 73 Russian tankers, and disconnecting 13 banks from SWIFT. The decision was made against the backdrop of Donald Trump's attempts to initiate talks on Ukraine, which is causing concern in Brussels.

Gold Prices in Uzbekistan Hit Record High

Economy

Uzbekistan has recorded a new historical peak in gold prices—a five-gram gold bar now costs 6.29 million soums, surpassing the previous record. Since the beginning of the year, the precious metal has risen by more than 11%, reflecting the growing interest of investors.

Türkiye Lifts Restrictions on Syrian Imports

Economy

Türkiye has lifted the ban on Syrian imports. The Turkish Ministry of Trade has authorized the import of Syrian goods and products. This was announced by Mazen Alloush, head of the General Authority for Land and Sea Ports.

India Plans Special Tariff Concessions for the U.S.

Economy

Indian Prime Minister Narendra Modi is planning additional tariff concessions ahead of his meeting this week with U.S. President Donald Trump. These measures aim to boost American exports and prevent a potential trade war, government officials said.