As Uzbekistan and South Korea mark the 25th anniversary of official diplomatic ties between the two…
Uzbekistan
Business news and investment opportunities in Uzbekistan
STATS
Source: World Bank
Currency: Uzbekistani somGDP: 50.5 billion USD (2018)
GDP per capita: 1,532.37 USD (2018)
GDP growth rate: 5.1% annual change (2018)
GNI per capita: 8,810 PPP dollars (2018)
Gross national income: 290.5 billion PPP dollars (2018)
Internet users: 46.79% of the population (2016)
Turkmengas turns to Europe in search for new export markets
Turkmenistan may start shipping natural gas to Eastern Europe through Russia, a senior Turkmengas official said…
Detente between Tashkent and Astana paves way for $5bn gas deal with China
Kazakhstan is to start exporting natural gas to China for the first time this month after KazTransGas…
Jiangxi freight service strengthens Tashkent’s links with New Silk Road
Another piece in the New Silk Road jigsaw puzzle slotted into place last Friday when a…
Uzbekistan joins Central Asian hydropower race
After years of raising objections to similar projects in neighbouring Kyrgyzstan and Tajikistan, Uzbekistan earlier this…
Russia and Uzbekistan sign $3.5bn in deals as Mirziyoyev heads to Moscow
With Uzbekistan’s new President Shavkat Mirziyoyev due to arrive in Moscow tomorrow, the Uzbek foreign ministry…
South Korea agrees to build $350m terminal for Tashkent airport
Tashkent airport: The South Korean government yesterday agreed to invest $250m in the construction of a new terminal…
Uzbek succession speculation begins with Islam Karimov in intensive care
Uzbekistan’s President Islam Karimov is in intensive care after suffering a brain haemorrhage, according to his daughter…
Italy’s Salini Impregilo wins $5bn 13kWH Rogun HPP and dam contract
Italy’s Salini Impregilo has won the contract to design and build the Rogun Dam hydro power plant in Tajikistan, it…
Chinese Silk Road investment up 20% to $15bn, claims President Xi
Silk Road investment: Chinese companies invested nearly US$15bn in countries along the new Silk Road last year,…
Presidents Xi and Karimov bless opening of 19km Qamchiq rail tunnel
Chinese President Xi Jinping and Uzbek President Islam Karimov this week used a video link to…
South Korean investors announce plans to buy into Uzbek banking sector
Uzbek banking sector: Investors from South Korea are planning to buy 15% stakes in two Uzbek banks…
Uzbek GDP grows 7.5% in Q1
Uzbek GDP grew by 7.5% between January and March compared to the same quarter in 2015, the…
Uzbek food industry gets $596m cash injection
Uzbek food industry: Uzbekistan is planning to invest $595.9 m in the development of its food industry…
Angren-Pap rail line gives Tashkent ammunition in Tajik ‘water wars’
Construction of the new $1.9bn Angren-Pap electrified railway line connecting Uzkbekistan’s territories in the Fergana Valley with the…
Uzbekistan Railways unveils plans for $800m upgrade programme
Uzbekistan Railways plans to spend $800m on the implementation of 28 projects this year, it announced…
Uzbek economy to grow by 7.8%, predicts President
Uzbek economy: Uzbekistan is expecting to receive an equivalent of $17.3bn in capital investment in the coming year, 23.5% of which…
Gazprom breaks with Turkmengaz and ups gas imports from Uzbekistan
Gazprom has announced that it will be increasing the volume of gas it imports from Uzbekistan this…
Karimov orders Uzbek companies ordered to hold 15% foreign capital
Uzbek companies must ensure that at least 15% of their authorised foreign capital belongs to overseas investors,…
Cotton, electricity and the Aral Sea: The troubled waters of Central Asia
Fed by the melting glaciers of the Tian Shan and Pamir Mountain ranges on Kyrgyzstan’s and…
Uzbekistan privatisation programme kicks off with $12.4bn in FDI
Uzbekistan privatisation: Over 100 deals worth a total of $12.4bn were set up at last week’s International…
Uzbekistan’s GDP grows 8% in first half of year
Uzbekistan’s GDP grew by 8% in the first half of this year, according to official statistics presented…
Shandong-Uzbekistan freight train service opens for business
Shandong-Uzbekistan freight train service A new cargo rail service linking Binzhou City in China’s eastern Shandong Province…
ADB downgrades Central Asian growth forecast
Central Asian growth: The Asian Development Bank (ADB) has revised its growth forecast for Central Asia down…