Presidential candidate of Uzbekistan from the Movement of Entrepreneurs and Business People, the Liberal Democratic Party of Uzbekistan Shavkat Mirziyoyev met with voters in the Jizzakh region. Addressing supporters, Mirziyoyev unveiled plans to implement more than 4,000 large, medium and small investment projects in the region totaling $12 billion, which would result in the creation…
Asian Development Bank (ADB) will prioritize Uzbekistan’s transformation to market-based economy through reforms, regional connectivity and cooperation, and sustainable and inclusive growth in planning its assistance, an ADB representative has announced. The representative stated that ADB assisted Uzbekistan with innovative financing instruments such as partial credit guarantees and public-private partnership schemes, consistent with Uzbekistan’s pursuit…
Uzbekistan’s GDP during the first nine months of 2021 grew by 6.9%, which was significantly higher than the 5.1% expected last year. More than 338,000 new jobs were created and 77,000 new business entities started operation. Exports (excluding gold) increased by 34.1% YoY, to $8.9 billion. Until year-end, the GDP growth is expected to be…
Uzbekistan has completed the construction of a new airport in Sokh district of Ferghana region, which borders with Batken region of Kyrgyzstan. The new air harbor is set to directly link the area surrounded by the territory of Kyrgyzstan with the Ferghana region and reduce the dependence of local residents on the highway passing through…
The Tashkent region is set to see at least 450,000 thousand new jobs over the next five years, according to plans unveiled by Uzbekistan’s incumbent leader, Shavkat Mirziyoyev. During his campaign trail in the region last week Mirziyoyev said that household incomes would expand two-fold. He said that particular attention would be paid to the…
As of September 1, the assets of all banks in Uzbekistan amounted to $37.6 billion, up by 22.5% YoY, according to the Bank Activity Index released by the Center for Economic Research and Reforms of Uzbekistan (CERR). The liabilities of banks also increased by 24%, to $31.6 billion. Total capital stood at $6.1 billion, up…
Uzbekistan’s southwestern Navoiy region is set to see the implementation of over 2,200 investment projects worth over $9 billion in the coming years, if the country’s incumbent leader Shavkat Mirziyoyev wins the October 24 elections. Presidential candidate from the Liberal Democratic Party unveiled massive plans intended to give a boost to the region’s development. Plans…