Friday24 January 2025
centralasiabusiness.com
A tender has been announced for the first phase of constructing the toll road between Tashkent and Andijan.

A tender has been announced for the first phase of constructing the toll road between Tashkent and Andijan.

A tender has been launched in Uzbekistan for the implementation of the first phase of the construction of a toll road that will connect Tashkent and Andijan.
Uzbek home appliance manufacturer "Premier" has launched a trading house in Baku.

Uzbek home appliance manufacturer "Premier" has launched a trading house in Baku.

Uzbek company "Premier" (located in Akhangaran), a manufacturer of home appliances, has launched its trading house in Baku, Azerbaijan. This information was reported by the news agency "Dunyo."
In Tashkent, discussions were held on enhancing the quality of packaging for fruit and vegetable products intended for export.

In Tashkent, discussions were held on enhancing the quality of packaging for fruit and vegetable products intended for export.

The Chamber of Commerce and Industry of Uzbekistan held a roundtable discussion featuring fruit and vegetable producers, as well as manufacturers of cardboard boxes and plastic and paper packaging.
Shavkat Mirziyoyev: Housing construction is the key driver of economic growth.

Shavkat Mirziyoyev: Housing construction is the key driver of economic growth.

Under the chairmanship of President Shavkat Mirziyoyev, a video conference meeting was held to discuss the results of the mortgage program's implementation in 2024 and the plans for 2025.
The first deputy chairman of the board of JSC "Uzkimyosanot" has been appointed.

The first deputy chairman of the board of JSC "Uzkimyosanot" has been appointed.

Jahongir Mustafayev has been appointed as the First Deputy Chairman of the Board of Directors at Uzkimyosanoat JSC, overseeing financial, economic, and transformation matters.
The license of the Republican Universal Agribusiness Exchange has been suspended.

The license of the Republican Universal Agribusiness Exchange has been suspended.

The license of the Republican Universal Agricultural Industrial Exchange (RUAPB) has been suspended for six months. This information was announced by the press service of the Committee for Competition Development.
The ACP has unveiled a project for the development of the nighttime economy, emphasizing its importance.

The ACP has unveiled a project for the development of the nighttime economy, emphasizing its importance.

It is proposed to introduce benefits for round-the-clock businesses and to reassess labor payment standards.
The Thermal Power Stations JSC has maintained its international credit rating of "BB-" with a "Stable" outlook.

The Thermal Power Stations JSC has maintained its international credit rating of "BB-" with a "Stable" outlook.

Since November 2024, JSC "Thermal Power Stations" has begun a systematic effort to update its international credit ratings.
Miahona is prepared to implement cutting-edge technologies in Uzbekistan.

Miahona is prepared to implement cutting-edge technologies in Uzbekistan.

On January 22, Laziz Kudratov, the Minister of Investment, Industry, and Trade of the Republic of Uzbekistan, held discussions with Awad Al-Otaibi, the Chief Executive Officer of the Saudi company Miahona.
Zokir Ishpulotov has been appointed as the Deputy Minister of Water Resources.

Zokir Ishpulotov has been appointed as the Deputy Minister of Water Resources.

Zokir Ishpulotov has been appointed as the Deputy Minister of Water Management and the Director of the Agency for the Operation of Water Management Facilities.
The Senate has approved a law that enhances the legal framework for investments.

The Senate has approved a law that enhances the legal framework for investments.

During the third plenary session of the Senate, the law on "Investments and Investment Activities" was reviewed.
The EBRD and Uzbekistan discussed projects related to privatization and public-private partnerships.

The EBRD and Uzbekistan discussed projects related to privatization and public-private partnerships.

On January 22 of this year, a meeting took place between a delegation led by Francis Malige, the Managing Director of the European Bank for Reconstruction and Development (EBRD) for Financial Institutions, and Jamshid Kuchkarov, the Deputy Prime Minister of the Republic of Uzbekistan and Minister of Economy and Finance.
A Saudi company is investing in vocational education in Uzbekistan.

A Saudi company is investing in vocational education in Uzbekistan.

A meeting took place between representatives of the Ministry for Poverty Reduction and Employment and a delegation led by Muhammad Al-Fassam, the director of the Saudi company Al Arkkan.
Jamshid Kuchkarov held discussions with the delegation from Al Arkkan Training Center.

Jamshid Kuchkarov held discussions with the delegation from Al Arkkan Training Center.

On January 22, a delegation from Al Arkkan Training Center, led by Executive Director Muhammad Al-Fassam, met with Jamshid Kuchkarov, the Deputy Prime Minister and Minister of Economy and Finance of the Republic of Uzbekistan.
Uzbekistan has implemented the ATM Safe Sky system.

Uzbekistan has implemented the ATM Safe Sky system.

Uzbekistan has implemented the ATM Safe Sky system, designed for flight planning and monitoring the movement of drones within the country's airspace.
A new railway station, Chinorkent, has been inaugurated.

A new railway station, Chinorkent, has been inaugurated.

The railway route connecting Tashkent and Khojikent has been extended to the new station of Chinorkent.
Overview of Uzbekistan's economic development in 2024.

Overview of Uzbekistan's economic development in 2024.

In 2024, Uzbekistan's economy continued its dynamic growth. According to the Statistics Agency, the Gross Domestic Product (GDP) increased by 6.5% in 2024 (compared to 6.3% in 2023), aligning perfectly with the December forecast from the Center for Economic Research and Reforms (CERR).
Construction has begun on the railway connecting Baytkurgan and Parkent.

Construction has begun on the railway connecting Baytkurgan and Parkent.

Construction has commenced on the electrified railway "Baytkurgan – Parkent" in the Parkent district of Tashkent region.
The bill establishes strict conditions for the transfer and use of irrigated lands.

The bill establishes strict conditions for the transfer and use of irrigated lands.

During a session of the Legislative Chamber of the Oliy Majlis, the draft law "On Amendments and Additions to the Land Code of the Republic of Uzbekistan" is being conceptually reviewed in its first reading.
New strategies will be implemented to enhance employment opportunities and encourage public participation in entrepreneurship.

New strategies will be implemented to enhance employment opportunities and encourage public participation in entrepreneurship.

The President of Uzbekistan, Shavkat Mirziyoyev, has signed a decree titled "On Measures to Ensure Employment and Reduce Poverty by 2025." This decree introduces new strategies for enhancing employment opportunities, encouraging entrepreneurship among the population, and increasing income levels.
The government will support low-income families and agricultural cooperatives: new measures are now in effect.

The government will support low-income families and agricultural cooperatives: new measures are now in effect.

The President of the Republic of Uzbekistan has signed a decree titled "On Measures to Ensure Employment and Reduce Poverty by 2025" (No. PP-12 dated January 17, 2025). This document outlines a series of initiatives aimed at supporting low-income families and promoting agricultural cooperation.
Uzbekistan assures that its potato supplies are sufficient, despite the restrictions imposed by Kazakhstan.

Uzbekistan assures that its potato supplies are sufficient, despite the restrictions imposed by Kazakhstan.

Starting January 18, 2025, Kazakhstan will implement restrictions on potato exports, which will remain in effect for a duration of six months.
New deputy chairpersons have been appointed to the board of UzAuto Sanoat.

New deputy chairpersons have been appointed to the board of UzAuto Sanoat.

New deputy chairpersons of the board have been appointed at UzAuto Sanoat.
Plans for the development of poultry and livestock farming have been unveiled.

Plans for the development of poultry and livestock farming have been unveiled.

On January 21, President Shavkat Mirziyoyev held a presentation focused on measures to enhance poultry farming and the efficient use of pastures.
Uzbekistan aims to achieve $7 billion in textile exports by 2028.

Uzbekistan aims to achieve $7 billion in textile exports by 2028.

Uzbekistan aims to boost its textile and garment export volume to $7 billion by 2028.
Uzbekistan and Malaysia discussed the advancement of small and medium-sized enterprises.

Uzbekistan and Malaysia discussed the advancement of small and medium-sized enterprises.

On January 20, 2025, a delegation from the Ministry of Economy and Finance of the Republic of Uzbekistan visited the SME Corporation Malaysia in Kuala Lumpur, Malaysia.
Uzbekistan is examining Malaysia's economic experience at the ADB's Center of Excellence.

Uzbekistan is examining Malaysia's economic experience at the ADB's Center of Excellence.

A delegation from the Ministry of Economy and Finance of the Republic of Uzbekistan, led by Deputy Minister and Doctor of Economic Sciences Umid Abidkhadjaev, visited the Islamic Development Bank's Centre of Excellence in Kuala Lumpur.
Uzbekistan produced approximately 44.6 billion cubic meters of natural gas.

Uzbekistan produced approximately 44.6 billion cubic meters of natural gas.

From January to December 2024, Uzbekistan produced approximately 44.6 billion cubic meters of natural gas, marking a 4.5% decrease compared to 2023, according to the Statistics Agency.
Al Arkan is set to launch a comprehensive program in Uzbekistan.

Al Arkan is set to launch a comprehensive program in Uzbekistan.

On January 20, 2025, Laziz Kudratov, the Minister of Investments, Industry, and Trade of the Republic of Uzbekistan, held talks with Mohammed Al-Fassam, the Executive Director of the Saudi company Al Arkan.
In Uzbekistan, a total of 399,327 passenger cars were produced in 2024.

In Uzbekistan, a total of 399,327 passenger cars were produced in 2024.

According to data from the Statistics Agency, Uzbekistan produced 399,327 passenger cars from January to December 2024.