| Economy

Uzbekistan’s Central Bank to Issue Commemorative Coins for Samarkand Chess Olympiad

Economy

The Central Bank of Uzbekistan will issue commemorative gold and silver coins marking the 46th World Chess Olympiad, taking place in Samarkand from September 15 to 27. The designs combine chess symbols with the city’s architectural heritage.

Uzbekistan’s Karakalpakstan to Cut Family Business Loan Rates to 12%

Economy

Uzbekistan’s Karakalpakstan plans to cut interest rates on family entrepreneurship loans from 17.5% to 12%. Next year, resources will be doubled, with $100 million allocated to “driver” projects based on the experience of Uychi and Zarbdor districts, with the goal of creating income opportunities for at least 50,000 people.

Uzbekistan and Azerbaijan Approve Energy Cooperation Roadmap for 2026–2028

Economy

Uzbekistan and Azerbaijan have signed a roadmap to expand energy cooperation for 2026–2028. The document covers a range of areas, from the implementation of the Green Energy Corridor project to exploration, production and oil refining.

Binance Study: Financial Literacy and Local Payments Could Drive Uzbekistan’s Crypto Market

Economy

Financial literacy, accessible products, local payment solutions and trust in regulated infrastructure could become key drivers of Uzbekistan’s crypto asset market. These are among the conclusions of a Binance study conducted in July and August 2026 among more than 2,000 participants from the local crypto community.

Seoul to Host First Korea–Central Asia Summit on September 16

Economy

The first Korea–Central Asia Summit will be held in Seoul on September 16. South Korean President Lee Jae Myung will chair the first multilateral meeting at the leaders’ level with the presidents of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. The summit is expected to conclude with the “Seoul Declaration”, setting out a long-term vision for cooperation.

The Presidents of Uzbekistan and Serbia Participated in a Joint Business Forum

Economy

President of the Republic of Uzbekistan Shavkat Mirziyoyev and President of the Republic of Serbia Aleksandar Vučić participated in a joint business forum.

Uzbekistan to Expand Indian Meat Imports and Grow Jute on 50,000 Hectares

Economy

Uzbekistan plans to deepen agricultural and food-sector cooperation with India, covering meat supplies, seed production and the cultivation of new crops. One of the new priorities is to expand jute cultivation to at least 50,000 hectares in the coming years. Agriculture Minister Ibrohim Abdurahmonov outlined the plans in an interview during Indian Prime Minister Narendra Modi’s visit.

DP World to Begin Construction of $288 Million Logistics Hub in Tashkent in October

Economy

Construction of DP World’s multimodal logistics terminal in Tashkent, valued at more than $288 million, is scheduled to begin in October. The company’s management has invited President of Uzbekistan Shavkat Mirziyoyev to attend the groundbreaking ceremony.

Uzbekistan and Tajikistan Accelerate Agricultural Projects as International Cooperation Expands

Economy

Uzbekistan and Tajikistan have agreed to accelerate the implementation of joint agricultural projects. The talks were held on the sidelines of the first International Food Industry Forum “Tajikistan–2026” in Dushanbe, which brought together more than 500 participants from 15 countries.

US National Debt Surpasses $40 Trillion for the First Time: Five Key Figures

Economy

The US national debt has surpassed $40 trillion for the first time in history, increasing by roughly $1 trillion in less than five months. The record level of indebtedness comes amid persistent budget deficits, rising debt-servicing costs and higher yields on US government bonds.

Belarus Proposes Expanding Trade Settlements in National Currencies with Uzbekistan

Economy

Belarus has proposed increasing the share of bilateral trade settlements conducted in national currencies with Uzbekistan amid continued growth in trade between the two countries. The proposal was made by Roman Golovchenko, Chairman of the Board of the National Bank of the Republic of Belarus, during a meeting with Nuriddin Mamajonov, Uzbekistan’s Ambassador Extraordinary and Plenipotentiary to Belarus.

US Lists Uzbekistan Among Countries at Risk of Chinese Goods Transshipment

Economy

The White House has included Uzbekistan among jurisdictions identified in a new US report as having a potential risk of Chinese goods being re-exported to the United States to circumvent American tariffs. More than 40 countries are mentioned in the document.

Europe Heads Into Winter With Record-Low Gas Stocks

Economy

The European Union is approaching the 2026–2027 heating season with significantly lower natural gas inventories than in previous years. At the beginning of August, EU storage facilities were less than 58% full — the lowest level for this time of year since comparable records began in 2011.

US Senate Approves New Russia and Iran Sanctions Package with Tariffs of Up to 100%

Economy

The US Senate has approved legislation aimed at tightening sanctions pressure on Russia and Iran, giving President Donald Trump authority to impose tariffs of up to 100% on countries that are major buyers of Russian oil and gas. The bill passed by a vote of 86 to 11.

China Expands Countermeasures Against the U.S. Ahead of Leaders' Meeting

Economy

China has announced a new round of countermeasures against the United States, tightening export controls on drones and related technologies while imposing sanctions on several American companies. The move comes ahead of an anticipated meeting between Chinese President Xi Jinping and U.S. President Donald Trump in September.

President Orders Stronger Measures to Curb Inflation and Strengthen Food Security

Economy

Containing inflation, strengthening food security and preparing the economy for external challenges were among the key issues discussed during the videoconference chaired by the President. The Head of State ordered additional measures to stabilize prices, support livestock development and enhance the country's economic resilience.

Azerbaijan and Uzbekistan Join Forces in Geological Exploration

Economy

Azerbaijan and Uzbekistan are deepening their strategic economic partnership by expanding cooperation in industry, investment, and the mining sector. One of the key outcomes of the latest Intergovernmental Commission meeting was the decision to establish a joint venture for geological exploration in Uzbekistan.

Uzbekistan and Kuwait Set Course for New Investment Projects

Economy

Uzbekistan and Kuwait are seeking to give fresh momentum to their trade and investment partnership. During a high-level meeting, the two sides discussed joint projects, expanding business ties, and preparations for major bilateral events.

Uzbekistan–France Energy Project Portfolio Exceeds $4 Billion

Economy

Energy cooperation between Uzbekistan and France is entering a new phase, with the portfolio of ongoing and prospective joint projects already exceeding $4 billion and both sides considering new investment and technology initiatives.