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Central Asia

Uzbekistan

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  1. Azerbaijan's state bank pays $140 million for 51% of Davr Bank, 40% above the price it announced in May
    EconomyBrief10 Sept

    Azerbaijan's state bank pays $140 million for 51% of Davr Bank, 40% above the price it announced in May

    The International Bank of Azerbaijan bought 51% of Tashkent's Davr Bank on Thursday in 6 trades on the Tashkent stock exchange for 1.646 trillion soums, $139.5 million at Gazeta.uz's conversion. In May the price was given as more than $100 million. Neither report explains the difference.

  2. Saida Mirziyoyeva adds the Tashkent financial centre to the presidential administration she already runs
    EconomyBrief10 Sept

    Saida Mirziyoyeva adds the Tashkent financial centre to the presidential administration she already runs

    A presidential decree reported on Thursday appoints Saida Mirziyoyeva, head of the presidential administration and the president's daughter, managing director of the Tashkent International Financial Centre, the jurisdiction with its own regulator, court and a tax regime to 2076 that came into force in July. She keeps the administration.

  3. Five Years Ahead: A sky bought for thirty years
    OpinionOpinion10 Sept

    Five Years Ahead: A sky bought for thirty years

    Six Chinese fighters at Karshi-Khanabad commit Uzbekistan's air force to one supplier for the life of the airframe. The five-year question is what arrives with them: the missiles, the technicians, the software, the credit and the habit.

  4. Yerevan lodges a complaint against Russia's produce bans through the EAEU as Pashinyan leaves for Paris
    EconomyBrief9 Sept

    Yerevan lodges a complaint against Russia's produce bans through the EAEU as Pashinyan leaves for Paris

    Armenia has filed a complaint against the restrictions Russia has kept on Armenian goods since May, deputy economy minister Tigran Gasparyan told a briefing on Tuesday, and expects them lifted β€œwith the help of the mechanisms that operate within the EAEU”. On Wednesday morning Armenpress reported the prime minister leaving for a working visit to Paris. The Moscow visit the Kremlin announced on Monday has drawn no word from Yerevan's channels that the desk could find.

  5. Serbia's president says Uzbekistan's second nuclear plant is being built with China, and Tashkent has named no partner
    China FactorAnalysis9 Sept

    Serbia's president says Uzbekistan's second nuclear plant is being built with China, and Tashkent has named no partner

    Aleksandar VučiΔ‡ told the Uzbek-Serbian business forum in Belgrade on Tuesday that Shavkat Mirziyoyev had told him that morning, one to one, that one nuclear plant is being built with the Russians and another with the Chinese, and that this is not enough for him. Uzbekistan's own record holds one plant, at Jizzakh with Rosatom, and a promise made on 17 August to prepare a second, partner unnamed. If the host heard right, Tashkent is copying the formula Astana chose last year: Rosatom for the first plant, CNNC for the second, and the price as the lever between them.

  6. The upstream no longer asks: what the Nile's war of nerves means for the Amu Darya
    AnalysisAnalysis9 Sept

    The upstream no longer asks: what the Nile's war of nerves means for the Amu Darya

    On 9 September the Grand Ethiopian Renaissance Dam turns one and Tajikistan turns 35. The dates share a plot: a poor upstream state builds the largest thing it has ever built on a river the downstream lives by. Egypt answered with letters to the Security Council and got a year of arguments about floods. Uzbekistan answered with a railway, a gas valve and a decade of threats, then settled for a 20-year tariff with the World Bank's money behind the dam. On the Amu Darya's other bank a third builder has taken the Ethiopian script line for line, and there is no bank, no tariff and no treaty with which to buy it.

  7. Tashkent and Belgrade adopt a labour-migration agreement and a 2026 to 2028 industrial plan, with a free-trade deal proposed
    EconomyBrief8 Sept

    Tashkent and Belgrade adopt a labour-migration agreement and a 2026 to 2028 industrial plan, with a free-trade deal proposed

    Shavkat Mirziyoyev and Aleksandar Vucic closed their Belgrade talks on Tuesday by welcoming the adoption of an agreement on mobility and labour migration and adopting a joint action plan on industrial partnership for 2026 to 2028, the presidential press service said in UzDaily's account; a free-trade agreement is proposed for drafting, and the opening of diplomatic missions is named as an important step. Trade between the two countries was $41.9 million in 2025.

  8. The first of 27 tunnels on the Kyrgyz section of the China-Kyrgyzstan-Uzbekistan railway is through
    China FactorBrief7 Sept

    The first of 27 tunnels on the Kyrgyz section of the China-Kyrgyzstan-Uzbekistan railway is through

    The China-Kyrgyzstan-Uzbekistan Railway Company reported on Saturday that the Kosh-Dobo North No. 2 tunnel, 209.6 metres long and started in June 2025, had been holed through: the first of the 27 tunnels under construction on the 304.84 km Kyrgyz section of the line from Kashgar to Andijan.

  9. Uzbekistan's gas fields gave 15% less in seven months and its power plants gave 6.4% more
    EnergyAnalysis7 Sept

    Uzbekistan's gas fields gave 15% less in seven months and its power plants gave 6.4% more

    The National Statistics Committee's release of 4 September puts January to July gas output at 21.6 billion cubic metres, 3.8 billion below last year, and electricity at 52.5 billion kWh, up 6.4%. Sun, wind and imports stand between the two numbers: solar and wind made 6 billion kWh in the first half, a quarter more than a year earlier, and seven months of gas imports cost $1.01 billion, up 8.2%.

  10. A day after Tashkent's utilities cleared their own pipes, the city names a leaking gas main
    PoliticsBrief4 Sept

    A day after Tashkent's utilities cleared their own pipes, the city names a leaking gas main

    Gas from a 219-millimetre underground main collected in a heating-network chamber under Glinka Street and blew out the asphalt on Thursday, Tashkent's city administration said on Friday. On Thursday the capital's heat, water and gas suppliers had all said the blast had nothing to do with their networks.

  11. Astana breaks its silence on the Uzbek scholar, and says Tashkent has been told
    PoliticsBrief4 Sept

    Astana breaks its silence on the Uzbek scholar, and says Tashkent has been told

    Kazakhstan's National Security Committee gave its first public word on the case of Ikboljon Qoraboyev on Thursday, in reply to a Tengrinews request: the pre-trial file is closed to disclosure under article 201 of the criminal procedure code, and Β«the Uzbek side has been officially notified through diplomatic channelsΒ». Two months into the detention, it is the first confirmation from either government that the case exists.

  12. Uzbekistan's governors get 3.2 trillion soums to lend after 17% of last year's new firms close
    EconomyBrief3 Sept

    Uzbekistan's governors get 3.2 trillion soums to lend after 17% of last year's new firms close

    Shavkat Mirziyoyev told a meeting on poverty on Thursday that 15,000 of the 86,000 small enterprises created in the regions over the past year have already stopped work, and that about 62,000 citizens are struggling to repay the bank loans that started their businesses. His answer puts the lending decision in headquarters run by the hokims, the regional and district governors.

  13. The remittance machine gets a new price list
    AnalysisAnalysis2 Sept

    The remittance machine gets a new price list

    From 1 September a migrant in Moscow carries a phone that reports where he sleeps, pays 10,000 roubles a month for the right to work, and sends money home over rails the EU has started to sanction. The money keeps coming. What changed is what each dollar of it now costs.

  14. Uzbekistan's new fighters are Chinese, and the footage is the announcement
    China FactorAnalysis1 Sept

    Uzbekistan's new fighters are Chinese, and the footage is the announcement

    State television's independence-anniversary film showed at least 6 J-10CE jets in Uzbek insignia at the Karshi-Khanabad air base. That makes Uzbekistan the second foreign operator of the type after Pakistan and the first Central Asian operator of a modern Chinese fighter; neither government has published a contract.

  15. Tashkent and Beijing set a $30 billion target
    China FactorBrief1 Sept

    Tashkent and Beijing set a $30 billion target

    Mirziyoyev and Xi met in Bishkek on Monday and agreed to lift bilateral trade from about $18 billion to $30 billion, by the Uzbek president's press service.

  16. The rule leaves, the money stays
    AnalysisAnalysis31 Aug

    The rule leaves, the money stays

    COP17 closed with $1.3 billion in restoration and drought finance and no drought framework. The instrument fight moves to Egypt in 2028, and Central Asia spends the pause competing for discretionary money it helped argue into existence.

  17. Uzbekistan and India trade up to a comprehensive partnership
    EconomyBrief31 Aug

    Uzbekistan and India trade up to a comprehensive partnership

    Modi's Tashkent stop closed on Sunday with the relationship raised to a comprehensive strategic partnership, 10 documents signed and a $5 billion trade target set for 2030.

  18. Tashkent's gas ledger runs 4 to 1 toward imports
    EconomyBrief28 Aug

    Tashkent's gas ledger runs 4 to 1 toward imports

    Seven months of 2026 put Uzbekistan's gas trade in one line: $1.1 billion bought from Russia and Turkmenistan, $279.7 million sold to China, and the selling side down 36.2% on the year, by the national statistics committee's count carried on Friday.

  19. Central Asia puts its law up for rent
    EconomyAnalysis28 Aug

    Central Asia puts its law up for rent

    Three states have now built four enclaves where their own law steps aside for England's, on leases running to 2066, 2074, 2076 and the year 2100. The rents are real, the tenants are arriving slowly, and the length of the leases is the most honest document the region has published about itself.