President of Uzbekistan to attend Victory Day parade in Moscow
President of Uzbekistan Shavkat Mirziyoyev will participate in the ceremonies commemorating the 79th anniversary of Victory in World War II, during his visit to Russia on 8−9 May. Additionally, he will attend a meeting of the Supreme Eurasian Economic Council as head of the observer state.
Supreme Court of Uzbekistan rehabilitates 205 more repressed people
Supreme Court of Uzbekistan rehabilitated 205 more individuals who faced repression from the 1920s to the 1930s, bringing the total to 1,031. Among them is Sadulla Kasimov, former chairperson of the Supreme Court of the Uzbek SSR.
Tashkent-Andijan toll road project estimated at $4.6 billion, says deputy transport minister
The Tashkent-Andijan toll road project will cost $4.65 billion, deputy transport minister of Uzbekistan Jasurbek Choriyev said. The feasibility study is expected to be completed by the end of June. He also mentioned the Trans-Afghan railway and other projects.
Uzbekistan remains world’s top gold seller in March
In March, Uzbekistan again became the world’s largest gold seller, trading 11 tons of the precious metal. In February, the country sold 12 tons of gold.
Agreements worth $26.6 billion signed at Tashkent Investment Forum
Contracts totaling $26.6 billion were signed at the Tashkent International Investment Forum, the state authorities stated. Planned projects include new infrastructure in Tashkent, a data center, power plants, and modernization of heat supply systems in Nukus, Fergana, Quvasoy, and other places.
OPEC Fund and Uzbekistan sign $500 million agreement
OPEC Fund and Uzbekistan signed a five-year partnership agreement, wherein the country will receive $500 million to support sustainable development initiatives.
EBRD loans $238 million to Uzbekistan to modernize key regional road
EBRD loaned Uzbekistan up to $238 million to reconstruct the road Urgench — Khonqa — Hazorasp — Toshsoqa — Amudaryo — A380 highway in Khorezm region, and build a bridge over the Amudaryo river. Following the reconstruction, the one-lane road will be expanded into a two-lane highway.
EBRD to assist in preparing Asakabank for privatization
Uzbekistan and the EBRD will work on institutional transformation and corporate governance reform at Asakabank in preparation for its privatization. The parties signed this agreement at the Tashkent Investment Forum.
Uzbekistan encourages investors to join international projects
President of Uzbekistan encouraged foreign investors to participate in projects for the joint construction of hydroelectric power plants in neighboring Kyrgyzstan and Tajikistan, as well as the China-Kyrgyzstan-Uzbekistan and Uzbekistan-Afghanistan-Pakistan railroads.
Uzbekistan intends to cooperate on critical raw materials with US and UK
President of Uzbekistan highlighted the nation’s wealth of over 30 rare-earth metals to investors, noting ongoing negotiations for critical raw materials cooperation with the United States and the United Kingdom.
“Uzbekistan is committed to developing market economy, ensuring reliable protection of investors' rights,” president says
President Shavkat Mirziyoyev outlined plans to strengthen investor rights protection in Uzbekistan, including adopting a revised law “On Investments” aligned with WTO standards, establishing International Commercial Court, and doubling land lease terms for foreign investors.
Project on rational management of hazardous chemicals launched in Uzbekistan
Ministry of Ecology, FAO, and EU have launched a project on rational management hazardous chemicals. In recent years, Uzbekistan has decommissioned eight pesticide burial sites, begun this process at two more, and reconstructed another storage facility.
Inflation increases in Uzbekistan following removal of VAT exemption on medicines and public services
Inflation in Uzbekistan increased to 0.93% in April, with annual inflation exceeding 8%. This increase was influenced by the removal of the zero VAT rate on medicines and utilities, including water supply, heating, and sewage. Prices also rose for sugar, milk, flour, meat, and other goods.
Uzbekistan to participate in PISA study once again with support from World Bank
Uzbekistan will partake in PISA for the second time, with World Bank’s support. Pilot testing for PISA-2025 is scheduled for May this year, and education specialists are currently familiarizing themselves with the methodology.
EBRD President Odile Renaud-Basso to visit Uzbekistan
President of the European Bank for Reconstruction and Development Odile Renaud-Basso is expected to visit Tashkent. During her visit, she will engage in discussions with the president, other officials, and participate in the Foreign Investors Council and the Tashkent International Investment Forum.
Uzbekistan raises poverty line again amid increase in energy tariffs
Minimum expenditure basket in Uzbekistan, also used to determine the poverty line, has risen by 4.3%, from 621,000 soums to 648,000 soums (from $49 to $51) per month. This adjustment, the second this year, reflects the upcoming increase in gas and electricity tariffs from 1 May.
84 countries to participate in Tashkent Investment Forum
III Tashkent International Investment Forum is scheduled for 2−3 May. Nearly 2,500 people from 84 countries are expected to participate: government officials, corporate leaders, representatives of the UN, EBRD, OPEC, and SCO. President of Uzbekistan reviewed the preparations.
EU grants €6 million for Uzbekistan’s agriculture development
European Union allocated a €6 million grant to Uzbekistan for adopting the National Food Security and Healthy Nutrition Strategy. In total, the EU will allocate €20 million to promote agricultural sector reforms this year and next.
Bookmaking to be legalized in Uzbekistan
President of Uzbekistan signed a decree legalizing bookmaking in the country starting from 1 January 2025. The existing ban, in place since 2007, has been “practically ineffective”, with people actively using foreign and illegal services, according to the official comment.
U.S. removes Uzbekistan from Intellectual Property Watch List
Uzbekistan was removed from the Intellectual Property Watch List “due to sustained progress” by the Office of the U.S. Trade Representative. Uzbekistan had been on the list for 24 years, since 2000.
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