News

Uzbekistan’s IT park made significant strides in recent years, underscoring the country’s emergence as a key player in the global IT outsourcing market. With 965 exporters and 660 foreign companies from 56 countries, the park’s international presence continues to grow. As of 2025, the park also hosts 2,600 members, with 38,600 jobs created in the sector.

Sherzod Shermatov’s vision for Uzbekistan as IT hub

At the Offshore Outsourcing Conference 2025, held on February 26 in Tashkent, Sherzod Shermatov, Uzbekistan’s Minister of Digital Technologies, addressed the future of IT outsourcing in the country.

«We...

Pomegranate. Photo: Unsplash

The press service of the Statistic Agency reports that in January 2025, Uzbekistan exported 405.1 tons of pomegranates, generating a total revenue of $620.3 thousand.

During the past month, the country actively exported 269 tons of pomegranates to Russia, while Kazakhstan and Tajikistan received approximately 64 tons and 41 tons, respectively.

In total, Uzbekistan exported $81.7 mln worth of agricultural products in January this year, reflecting an annual growth of 8.8%.

The leading importers of agricultural products from Uzbekistan were Russia and Pakistan, which purchased goods worth $19.3 mln and $16 million, respectively. Afghanistan ranked...

Uzbekistan and Malaysian company Mimos Berhad have agreed to create a joint venture to produce semiconductors, Dunyo news agency reported.

The agreement was reached at a meeting between Uzbek Ambassador Karomiddin Gadoev and Mimos Berhad CEO Saat Shukri Embong. The parties also discussed the idea of a joint technology park and a semiconductor assembly and testing center. Another topic of the talks was the training of skilled professionals.

The Malaysian government’s National Center for Applied Research and Development (MIMOS) agreed to participate in the establishment of a joint educational institution. The academy will operate on the territory of Uzbekistan...

Uzbekistan is reforming its agricultural subsidy system to meet long-term goals and align with its WTO membership negotiations. The aim is to make the subsidy system more efficient, transparent, and market-driven, supporting sustainable agricultural growth, food security, and environmental protection. This announcement was made during the first Uzbekistan Country Platform Roundtable of the year in Tashkent on February 25.

Findings from the agricultural subsidy assessment

A joint study by the European Union (EU), the Asian Development Bank (ADB), and Uzbekistan’s Ministry of Agriculture highlighted key issues in the current subsidy system. Over 93% of subsidies go to cotton and...

Uzbekistan aims to reach a 14.1% greenery rate by 2025, up from the current 12.4%, with an ultimate target of 30% by 2030. This announcement was made during the first Uzbekistan Country Platform Roundtable of the year in Tashkent on February 25.

As part of its green growth strategy, Uzbekistan is set to establish 257 new green parks by the end of 2025. Additionally, the country plans to increase the number of green gardens by 701. These initiatives are designed to enhance environmental conditions across the country and contribute to its broader sustainability goals.

At the roundtable, participants also discussed...

The night before, the United Nations (UN) General Assembly adopted two resolutions concerning the military conflict in Ukraine. Both resolutions call for a “comprehensive, just, and lasting peace” and affirm Ukraine’s sovereignty and territorial integrity.

However, the opinions of UN member states on how to achieve peace diverged. Two resolutions were put to a vote simultaneously. The first, L.10, “Promoting Comprehensive, Just, and Lasting Peace in Ukraine,” was drafted by Ukraine and several European countries. The second, L.11, “The Road to Peace,” was proposed by the United States.

Ninety-three countries voted in favour of L.10, 18 were against it...

Uzbekistan ranks 23rd out of 134 countries in the annual air pollution index (IQAir), with its capital, Tashkent, experiencing high pollution levels, particularly during the fall and winter seasons. The air pollution in the city is responsible for approximately 3,000 premature deaths each year, making it a significant public health concern.

Government measures to improve air quality

In response to these challenges, Uzbekistan introduced a series of measures aimed at improving air quality, as part of a broader effort discussed at the first roundtable of the Uzbekistan Country Platform in 2025. Starting from May 1, 2025, the government will...

Starting in 2025, Uzbekistan plans to implement an ecological rating system to assess state bodies and social infrastructure based on their environmental impact and the adoption of green technologies. This initiative aims to encourage sustainable practices across all sectors of the economy and drive significant environmental improvements. The announcement comes from the first roundtable of this year’s Uzbekistan Country Platform.

The Uzbek government has outlined key milestones for integrating green projects into national development strategies. The country’s commitment includes:

The presidents of Uzbekistan, Kyrgyzstan, and Tajikistan will meet for the first-ever summit, according to TASS, citing Edil Baisalov, the deputy chairman of the Kyrgyz Republic’s Cabinet of Ministers.

This event is scheduled for March 31 in Khujand, Tajikistan. Baisalov emphasised that the summit will be a significant step toward enhancing regional cooperation in Central Asia.

On February 21, 2025, Kyrgyzstan and Tajikistan signed an agreement on the delimitation of their state border. Baisalov described this document as a triumph of diplomacy and political will.

He highlighted that even the most pressing issues can be resolved through dialogue...

On February 24, City Pay Gate received licenses to operate as a cryptocurrency depository and crypto store, as reported by the press service of the National Agency of Perspective Projects (NAPP).

Information about the company has been entered into the electronic register and is now available on the agency’s official website.

The NAPP issued the order to grant these permits on February 20.

The ownership of City Pay Gate is shared among Paynet (45%), UAB City Pay (45%), and David Koberidze, who holds a 10% stake.

Kursiv Uzbekistan also reports that Binance expands into...

The inaugural Namangan Auto Festival recently took place in Uzbekistan, showcasing a vibrant collection of different engines. Here are the photos from the event by Kursiv Uzbekistan.

The festival aims to support car enthusiasts and promote the auto tuning industry. The event kicked off with a parade featuring over 50 participating car owners.

After the parade, attendees enjoyed a lively car show, an exciting auction, a fun-filled fair and various engaging contests at the Valley of Legends theme park located in the Davlatabad district. These events provided a wonderful opportunity for the community to come together.

Winners, prize-winners and active...

On February 24, the President of Uzbekistan, Shavkat Mirziyoyev, met with the Minister of Foreign Affairs of Oman, Badr bin Hamad Al Busaidi, to discuss the future of bilateral relations and ways to expand cooperation in key sectors.

Expansion of trade and investment cooperation

During the meeting, the Omani minister conveyed a personal message and warm greetings from Sultan Haitham bin Tariq Al Said to President Mirziyoyev. The two leaders focused on strengthening mutually beneficial cooperation between the two countries, especially in the fields of trade, economy, and investment. Both parties acknowledged the growing number of joint ventures...

On February 21, Uzbekistan’s President Shavkat Mirziyoyev signed a decree to further develop the country’s housing and mortgage market. The decree outlines plans to construct 135,000 apartments across various regions, totaling 8.1 mln square meters of living space.

Additionally, subsidies for mortgage loans will increase by 1.5 times. The state will allocate UZS 2.5 trln ($222.2 mln) from the national budget to cover part of the down payment and interest payments for mortgages.

The government will also provide UZS 20.9 trln ($1.85 bn) in mortgage loans to support the housing market. To help construction companies, UZS 700 bn...

Uzbekistan’s national pavilion at the 19th International Architectural Exhibition, Venice Biennale, will be presented by the Institute of Materials Science (formerly known as the Sun Heliocomplex), as announced by the Foundation for the Development of Culture and Art of Uzbekistan.

The theme of the upcoming exhibition will explore the concepts of Intelligence, Natural, Artificial and Collective. The Uzbek pavilion is titled A Matter of Radiance and aims to highlight the study of modernist architecture in the republic.

The national pavilion will be curated by Ekaterina Golovatyuk and Giacomo Cantoni from the GRACE architectural studio.

The Institute of Materials Science, established...

On the third anniversary of Russia’s full-scale invasion of Ukraine, the European Union (EU) adopted its 16th package of economic and individual sanctions. The new package focuses on vital sectors of the Russian economy, further weakening its capacity to sustain the ongoing conflict in Ukraine. A significant portion of these measures targets entities and individuals in Central Asia, including Kazakhstan and Uzbekistan, that support Russia’s military and industrial complex.

Entities supporting Russia’s military in Central Asia

The EU’s 16th sanctions package includes 53 new listings, consisting of 48 individuals and 35 entities, primarily focused on those undermining Ukraine’s...

Uzbekistan has agreed to lower the cost of its electricity export project to Afghanistan by $30 mln. Originally valued at $252 mln, the project now stands at $222 mln, following negotiations between the two countries. The initiative involves the transmission of 500 kV electricity from Uzbekistan to the Dashti Alwan area in Afghanistan.

This decision was confirmed by Nuruddin Azizi, the Afghan Minister of Commerce, who stated that the primary objective of the talks was to establish a balance between the import and export of goods and services between Afghanistan and Uzbekistan.

Beyond the electricity deal, Uzbekistan pledged...

Electricity demand across Eurasia increased by 4% in 2024, driven by population growth and economic development. The International Energy Agency (IEA) projects that, excluding Kazakhstan and Russia, electricity demand in Eurasian markets will continue to grow at an average annual rate of 3.7% between 2025 and 2027. 

Uzbekistan’s electricity generation rose by 4.7% in 2024. The country remains predominantly reliant on gas but is actively diversifying its energy mix by investing in renewable energy. The government aims to increase wind and solar power generation capacity to 20 GW by 2030. 

Turkmenistan’s energy sector expanded in 2024, increasing electricity exports...

Tajikistan’s mining sector has experienced notable growth, with the total value of production in the industry reaching TJS 13.3 bn (approximately $1.2 bn) in 2024. According to data from the Statistical Agency of Tajikistan, industrial production in the country saw a substantial 43% increase compared to 2023.

The mining industry’s performance was particularly strong, with several key sectors showing impressive increases. Coal production, including both hard coal and lignite, grew by 20%. In addition, metal ores production saw a significant 1.5-fold rise, and other mineral production increased by 20.9% compared to the previous year.

Overall, Tajikistan’s industrial output reached...

Uzbek gymnast Oksana Chusovitina, renowned for her remarkable career, recently added another achievement to her long list of accolades. At the 2025 World Cup stage in Cottbus, Germany, the 50-year-old athlete secured a bronze medal in the vault event, earning a score of 13.249 points.

Oksana Chusovitina began her gymnastics career in 1982 and quickly rose to prominence. In 1991, she secured the all-around title at the USSR National Championships in the junior division. The following year, she won the floor exercise at the World Artistic Gymnastics Championships and placed second on the vault. In 1992, competing for the...

S&P Global Ratings has confirmed Kazakhstan’s long-term sovereign credit rating at ‘BBB-‘ and its short-term rating at ‘A-3,’ with a stable outlook. This rating reflects Kazakhstan’s strong financial position, which helps protect the country from external challenges.

The stable outlook indicates that while Kazakhstan faces some fiscal challenges, such as higher government spending and interest costs, these risks are manageable due to ongoing reforms and the country’s strong financial assets.

However, S&P cautioned that Kazakhstan’s growing domestic debt and reliance on the National Fund to cover budget gaps may strain its finances in the future. The National Fund, which...

Uzbekistan’s foreign trade turnover for January 2025 stood at $4.5 bn, reflecting a 7.1% increase compared to January 2024. Exports from Uzbekistan reached $1.31 bn, marking a 14.1% increase y/y. Imports totaled $3.2 bn, an increase of 4.4%, resulting in a negative trade balance of $1.89 bn, as imports continued to exceed exports.

Who were Uzbekistan’s key trade partners

The country’s main trade partners in January 2025 were China, Russia, Kazakhstan, Turkey, and Germany. China made up 22.1% of the total trade turnover, followed by Russia at 17.7% and Kazakhstan at 7%. Other significant partners included Turkey...

Saudi Arabia donated a fragment of Kiswa, the cloth that covers the holy Kaaba, to the Centre for Islamic Civilisation in Uzbekistan.

Tawfiq bin Fawzan al-Rabia, the Minister of Hajj and Umrah Affairs, presented the donation to President Shavkat Mirziyoyev on behalf of King Salman bin Abdul-Aziz Al Saud during his visit to Uzbekistan.

The Kiswah is a black silk covering for the Kaaba in Mecca, adorned with embroidered gold verses from the Quran. It is replaced annually on the day of Hajj, known as the Feast of Arafah, and is traditionally manufactured in a specialised workshop in Saudi Arabia.

Uzbekistan plans to establish a free economic zone along its border with Afghanistan. This zone will include facilities for processing pine nuts and cotton, as well as food production, packaging and logistics centers.

The announcement was made by Uzbekistan’s Deputy Prime Minister Zhamshid Khodjaev during a meeting with a Taliban delegation, which was headed by Mullah Abdul Ghani Baradar, the Deputy Prime Minister for Economy of the Islamic Emirate of Afghanistan. This information was reported on the Taliban administration’s website.

Uzbek investors are also prepared to invest in the construction of a cement plant in Samangan Province, along with mineral...

Uzbekistan and the Russian Republic of Mari El have agreed to cooperate in trade and tourism, according to the head of the region, Yuri Zaitsev.

The day prior, Zaitsev met with Uzbekistan’s ambassador to Russia, Botirjon Asadov.

“There is significant potential for strengthening our ties. Together with Botirjon Zakirovich, we have agreed to assist business representatives in increasing trade turnover,” the Mari El leader mentioned on his Telegram channel.

He also noted that Uzbekistan and Mari El collaborate in the economic, educational, and cultural sectors.

Kursiv Uzbekistan also reported that last year, Uzbekistan became one...