News

Uzbekistan’s men’s team won a bronze medal at the 45th World Chess Olympiad, the country’s National Olympic Committee reported.

The Indian men’s team won the Olympic gold medal, while the American chess players took home the silver. The Uzbek women’s team finished in 12th place.

Nodirbek Abdusattorov and Nodira Nodirjonova secured silver medals, while Shamsiddin Vokhidov clinched the gold in their individual matches.

The committee highlighted Uzbekistan’s consecutive Olympic medal victories, noting that the national team had previously secured the championship title two years ago.

Kursiv Uzbekistan also reported on the meeting between the Uzbekistan and China...

Senators in the Oliy Majlis have approved a bill to enhance the protection of women and children from domestic violence, as reported by the press service of the upper house of parliament.

The bill introduces liability for committing violence against a child into the criminal and administrative codes.

The document also establishes a procedure for seeking reconciliation in cases of domestic violence during court proceedings. Such documents can be submitted to the court at almost any point during the hearing.

During the Senate session, it was noted that the approved bill was developed with the World Bank’s recommendation in...

The French version of the Top Gear car show comes in Uzbekistan, as reported by the Tourism Committee said.

For this purpose, Chairman of the Committee Umid Shadiev met with BBC Studios France Executive Producer Jack Thomas-Richard in Paris.

The French delegation’s visit to Uzbekistan is scheduled for late September. They will discuss the detailed filming process.

The Top Gear TV show has been on since 1977. In 2002, it was restarted with a new cast of presenters. The French version of Top Gear has been aired since 2015.

Kurusiv, Uzbekistan, also reported that a Japanese TV show...

According to Afghan Foreign Minister Amir Khan Muttaki, Afghanistan’s ambassador to Uzbekistan will arrive in Tashkent on September 28.

“Some other countries have also expressed a willingness to accept our diplomatic presence at the ambassadorial level. We hope to introduce more diplomatic representatives this year,” Muttaki said.

The appointment of an ambassador to Uzbekistan was announced at the end of August this year. Abdullah Gafar Tirawi has been appointed as the ambassador.

At a meeting with Taliban government representatives, Uzbek Prime Minister Abdullah Aripov announced that Uzbekistan had approved the establishment of a diplomatic mission in Afghanistan.

Kursiv...

Malaysia’s Meraque Group plans to invest 20 million ringgit (about $5 million) to establish a factory and develop an agricultural drone ecosystem in Uzbekistan, according to the Uzbek Ministry of Agriculture.

The factory should employ approximately 1,000 people, and the drones it manufactures will have the capacity to service 100,000 hectares of farmland. Meraque aims to secure an additional 30 million ringgit ($7 million) in funding to unite the entire drone industry into a unified digital ecosystem.

Drones are used to monitor farmland. Equipped with cameras and sensors, these drones gather information about plant conditions and the area...

Three airlines have commenced operations at Navoi Airport: Latvian SmartLynx Airlines, British Titan Airways and Uzbek FlyKhiva.

They initiated regular cargo flights. Titan Airways conducted its inaugural flight on September 12, operating on the Chongqing—Navoi—London route with a layover in Navoi. These flights will run four times a week using Airbus A330 aircraft.

On September 17, Latvian SmartLynx Airlines started its flights via Navoi, connecting Bulgaria and Bangladesh using Airbus A321 aircraft. Seven charter flights are scheduled to operate from September 16 to 27.

On September 18, Uzbekistan-based FlyKhiva commenced operations, initiating flights from China to Belgium with a...

Uzbekistan and the International Atomic Energy Agency (IAEA) have signed an agreement to train specialists at the Republican Oncology Center, as reported by the Ministry of Health press service.

The document was signed in Vienna by Asilbek Khudayarov, the acting head of the Health Ministry, and Rafael Grossi, the head of the IAEA, during a regular session of the agency.

Grossi stated that the project would introduce modern methods for diagnosing and treating oncologic diseases. He also expressed his willingness to expand cooperation with Tashkent further.

Kursiv Uzbekistan reported that in late August, Uzbek President Shavkat Mirziyoyev visited...

Uzbekistan’s enterprises can supply agricultural machinery and chemical fertilisers to the Philippines. The foreign partner is interested in such cooperation, as reported by Dunyo News Agency.

The day before, the foreign ministries of Uzbekistan and the Philippines held a new round of negotiations in Tashkent. The discussions covered economic, political, and cultural issues.

During the negotiations, the Philippines expressed interest in importing fertilisers and machinery from Uzbekistan. The two countries also agreed to enhance the legal framework for cooperation.

Kursiv Uzbekistan also reported that 300 rice varieties resistant to drought and soil salinity were brought to Uzbekistan from...

Uzbekistan supports the UN General Assembly resolution that demands Israel to withdraw its troops from the occupied Palestinian territories, as reported by the UN news agency.

The document states that Israel must end the occupation within 12 months, and sanctions may be imposed if it fails to comply with the resolution.

The resolution proposed by Palestine and supported by numerous countries received 124 affirmative votes, while 43 countries abstained and 14 opposed, including the United States and Israel. The document also emphasises the necessity to halt the construction of Israeli settlements and return the occupied lands.

The resolution is...

IT Park and Kazakhstan’s Astana Hub are teaming up to create a shared ecosystem to support startups and promote Central Asian developments in international markets, as reported by the technocluster’s press service.

The technoparks will exchange their expertise in attracting venture capital funding and participating in global events under the joint brand of Central Asian Innovation Hubs.

IT Park CEO Farkhod Ibragimov and Astana Hub head Magzhan Madiev signed a memorandum during ICTWeek 2024 in Tashkent.

The unified brand aims to enhance technoparks’ recognition and highlight their regional identity. In the upcoming months, Central Asian Innovation Hubs will showcase...

IAEA General Director Rafael Grossi plans to visit Uzbekistan, as reported by the press service of the Atomic Energy Agency of Uzbekistan.

The Agency’s director, Azim Akhmedkhadzhaev, met with Grossi in Vienna on September 17 to discuss joint activities with the IAEA to promote nuclear technologies, including small modular reactors.

According to the report, the visit dates have not been specified.

The plans for the construction of the Jizzak Nuclear Power Plant were established in August of this year.

Kursiv Uzbekistan also reported that the first Nuclear Power Plant is to be founded in Uzbekistan.

According to the UN E-Government Survey Report 2024, Uzbekistan is ranked 63rd in the E-Government Development Index (EGDI).

This marks an improvement in the country’s position by six places compared to the 2022 indicators. It is the first time Uzbekistan has entered the group of countries with a Very High EGDI index.

Kazakhstan is ranked 24th in this rating, while Kyrgyzstan and Tajikistan are ranked 78th and 123rd, respectively. The UN Department of Social and Economic Affairs (UNDESA) prepared the report.

The report indicates a global upward trend in the development of digital government, accompanied by increased investments in...

Uzbekistan’s Ambassador to Malaysia, Karomiddin Gadoev, recently met with representatives of the authorities of the local state of Kedah.

According to reports from Dunyo news agency, the parties have agreed to initiate charter flights between Tashkent and Langkawi Island. These flights are expected to operate during the tourist season to facilitate an increased flow of tourists between the two countries.

The state authorities have also agreed to establish direct trade and economic relations with Uzbekistan. Kedah state, covering an area of 9.5 thousand square meters, is situated in the northern region of Malaysia and is home to 2.2 million...

The Legislative Chamber of the Uzbekistan Parliament, Oliy Majlis, has approved amendments to the Criminal Code to toughen penalties for human trafficking.

The Oliy Majlis press service stated, “Today, there are no appropriate sanctions for offenses related to the violation of human rights and freedoms, particularly for crimes related to human trafficking.”

The Oliy Majlis is planning to introduce amendments that would increase liability for such offenses against a pregnant woman or kidnapping.

Uzbekistan had drafted a bill to toughen responsibility for deaths caused by torture, as reported by Kursiv Uzbekistan.

Almalyk Mining and Metallurgical Combine (AMMC) is to construct a copper smelting complex.

German banks KfW IPEX Bank and Ausfuhrkredit-Gesellschaft mbH (AKA) will provide the construction loan for this project.

The German banks will allocate the initial tranche of 146 million euros to AGMK to construct the new production line. The loan agreement was signed during an Uzbek-German business meeting in Samarkand.

The new smelting complex is part of the Yoshlik project’s second phase, estimated to have a value of $1 billion. The budget for the first phase was $4.8 billion.

Kursiv Uzbekistan also reported that Germany and...

The Uzbek men’s chess team defeated the Israeli team in the sixth round of the International Chess Olympiad, scoring 2.5:1.5, as reported by the Agency for Youth Affairs of Uzbekistan.

This victory allowed the men’s team to secure fifth place in the overall standings.

Meanwhile, Uzbekistan’s women’s team competed against the Netherlands and the match ended in a 2:2 draw.

The Uzbek team is currently in 16th place, trailing the leader by four points.

Earlier, Kursiv Uzbekistan reported that the Uzbek team had won the first two rounds of the Olympiad chess competition.

On September 15, the German Prime Minister travelled to Samarkand to take part in the Uzbek-German summit, as reported by the UzA news agency.

During the official visit, Olaf Scholz met with Uzbek President Shavkat Mirziyoyev.

The two sides discussed joint projects worth 9 billion euros in energy, engineering, construction and other industries.

As part of these plans, Germany’s Siemens Energy intends to construct combined cycle power plants in Uzbekistan. The Linde Group will participate in a joint project to produce methanol and ammonia. KfW Ipex-Bank and Giga Fiber are set to invest in the mining and processing of copper...

The export of Uzbek melons to the United States no longer presents technical issues. The U.S. Ministry of Agriculture announced this positive development during a meeting with their Uzbek counterparts.

Once the necessary legal procedures are finalised, melon deliveries will commence. Additionally, Uzbek grapes, cherries, and grain legumes could enter the U.S. market.

Moreover, the Uzbek Ministry of Agriculture has agreed to send local specialists to the United States for advanced training in laboratory research, while American colleagues are expected to share their expertise in laboratories in Aral and Fergana Valley.

From January to July 2024, Uzbekistan successfully...

The Mortgage Refinancing Company Uzbekistan (UzKRI) has issued green corporate bonds with a total value of 50 billion soums, as reported by the Republican Stock Exchange Toshkent.

Each five-year bond has a nominal value of one million soums and carries an 18% annual coupon rate with quarterly coupon payments.

As of June 2024, UzKRI has become the largest bond issuer among public companies in Uzbekistan.

Funds raised from green bonds will support environmental projects and mitigate human impact on the environment. International financial institutions seek these securities.

The total volume of green bonds worldwide now exceeds...

In the last four months of 2024, Uzbekistan’s stock market declined. The UCI index dropped by 5.6%. Some of the companies that disappointed investors include Uzbektelecom, Uzmetkombinat, and Kokand Mechanical Plant. However, experts believe that the decline in stock prices cannot be attributed only to these companies’ performance. “Kursiv” talks to experts about the reasons behind the market’s decline and its prospects.

Not for sale only

Avesta Investment Group analyst Zakhro Murtazaeva believes that the main reason for the decrease in shares is low market liquidity.

“Trading volume on the stock exchange fell almost twofold in 2023, and...

The upcoming visit of the German Chancellor Olaf Scholz to Uzbekistan may involve discussions on the potential export of Uzbek minerals to Germany, as highlighted by Devdiscourse.

The German Chancellor is scheduled to visit Uzbekistan and Kazakhstan from September 15-17, accompanied by a business delegation.

Media reports suggest that Chancellor Scholz’s forthcoming visit to Central Asia is driven by mutual interests in exploring opportunities for the supply of gas, oil and other minerals, particularly in the wake of sanctions imposed against Russian companies.

This underlines the European Union’s pursuit of new trade partnerships, including in the Central Asian...

Coca-Cola is planning to expand its production in Uzbekistan. Ezel Agaoglu, the CEO of Coca-Cola Ichimligi Uzbekiston Ltd, discussed this matter with Uzbek Minister of Investment, Industry and Trade Laziz Kudratov at a meeting on September 12.

Coca-Cola has been operating in Uzbekistan since 1993 and opened its fourth plant in the Jambay district of the Samarkand region in May of this year.

The fifth plant in Namangan is scheduled to open in 2025. This decision was made during a meeting between the President of Uzbekistan, Shavkat Mirziyoyev, CEO James Quincy, and Chairman of Anadolu Group, Tunjai Ozilhan.

Uzbekistan and Argentina have recently signed an agreement to cooperate in standardisation, certification and technical regulation. The document was approved at Colombia’s General Assembly of the International Organization for Standardization (ISO).

Uzbekistan’s Agency for Technical Regulation and Argentina’s standardisation and certification organization, IRAM, signed the agreement.

During the meeting, the parties discussed standards for products, processes, services and management system certification. They also focused on developing training programs for specialists and improving training courses.

Kursiv Uzbekistan also reported that Uzbekistan plans to cancel certification requirements for children’s holiday camps.

At the VI International Cbonds conference in Tashkent, Professor Botir Kabilov from the University of Texas at Dallas (USA) presented a report on Uzbekistan’s capital market.

According to the expert, Uzbekistan’s capital market is in the early stages of development, presenting significant prospects for growth and transformation. However, the successful development of this sector necessitates substantial changes, particularly in areas where the state holds a dominant role.

One of the primary constraints on the development of the capital market is the need for more transparency. Kabilov highlighted that, based on his analysis of data from the unified portal, approximately half...