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Uzbekistan’s business climate has reached its strongest point in two years, according to a nationwide survey conducted by the Centre for Economic Research and Reforms (CERR) shared with Kursiv. The Business Climate Index rose to 63 points in June 2025, marking a 10-point increase year-on-year and the highest reading since 2023.

This upturn reflects growing confidence among entrepreneurs, supported by improved demand, employment and expectations for continued economic stability. The index rose by 2 points compared to May, showing consistent upward momentum since the start of the year.

The index, based on surveys of over 1,000 enterprises across key industries...

Jenna Ortega returns as Wednesday Addams in Wednesday Season 2, which will roll out in two parts: Part 1 premieres August 6, followed by Part 2 on September 3. The new season promises a darker, more complex storyline as Wednesday navigates old foes, new mysteries and deeper family entanglements at Nevermore Academy, announces streaming platform Netflix.

Season 2 expands the Addams Family universe with returning stars Catherine Zeta-Jones, Luis Guzmán, Isaac Ordonez and Fred Armisen. New cast members include Steve Buscemi as Nevermore’s new principal, Joanna Lumley as Grandmama, and a guest appearance by Lady Gaga as an...

Uzbekistan is expected to maintain strong economic growth of 5.5% in 2025, driven by public and private investment, growing household consumption and structural reforms. However, according to the Asian Development Bank’s latest July 2025 Outlook Update, the country faces greater vulnerability to global trade tensions than other Central Asian states, particularly due to its rising exposure to US tariff increases.

The report notes that while the growth forecast for Uzbekistan remains unchanged from April, new US tariffs introduced earlier this year are likely to impact Uzbekistan more acutely than its neighbours, especially in sectors linked to global supply chains...

Netflix’s gothic hit Wednesday, led by Jenna Ortega as the sardonic heroine, has officially been renewed for a third season, even before the second chapter premieres on August 6. The early green light signals the show’s growing momentum and enduring popularity.

Set once more at the eerie Nevermore Academy, Season 2 is poised to deliver even darker, more layered narratives, while preserving the signature deadpan humour that helped catapult the series into streaming history. Season 1 of Wednesday remains the most-watched English-language series on Netflix to date.

According to showrunner and co-creator Alfred Gough, the...

CitiBank has opened a representative office in Tashkent, according to Grant Carson, a representative of the financial institution, who announced the news on LinkedIn.

“This new chapter allows us to be even closer to our clients and partners, helping them connect to global opportunities and navigate an increasingly dynamic landscape,” he emphasised.

Carson added that the ongoing reforms in Uzbekistan have made it possible for the bank to expand its presence in the country.

Earlier this July, Uzbekistan’s Central Bank accredited the representative office of Turkish-based CitiBank, a subsidiary of CitiBank. The office...

Several banks have updated the rates for exchanging foreign currencies for UZS on July 24. This article contains information about the most favorable rates.

Here are Central Bank Reference Rates to exchange USD, EUR, GBP, CHF, JPY, or KZT into soums:

Several banks offer best rates to exchange USD, EUR, GBP, CHF, JPY, or KZT into soums:

Financial institutions may change the value of currencies...

A new training center for skilled workers preparing to work in Germany will be established in Uzbekistan’s Fergana region. The initiative was discussed during a meeting between regional officials and representatives of the German company Simson Private Akademie, according to the regional khokimiyat.

The center, to be opened by Simson Private Akademie, will train Uzbek citizens in high-demand fields such as metalworking, electrical engineering, and other technical professions, based on the company’s educational programs. German language courses will also be offered, and graduates will receive internationally recognised qualification certificates.

Simson Private Akademie also plans to assist graduates in securing employment...

The Central Bank of Uzbekistan has reported that the country’s money supply reached 312 trillion soums as of January–May 2025, reflecting a 32.2% increase compared to the same period last year.

Cash turnover through banks for the first half of the year totalled 563 trillion soums, with 277 trillion soums in deposits and 286 trillion soums in withdrawals, representing an annual growth of 23%.

The share of payments made via terminals rose from 41% to 43% over the past year, while the share of physical cash in circulation declined by 2.2 percentage points to 18.9%. In total, the Central Bank...

The Central Bank of Uzbekistan has postponed its upcoming meeting on the key interest rate, according to an official statement from the regulator.

The meeting was originally scheduled for July 24, but has been delayed due to the pending release of important economic data for the first half of the year, including figures from Uzbekistan’s key trading partners. These statistics are expected to be published by the end of July.

The Central Bank noted that it considers this data essential for accurately assessing the current economic landscape and forming monetary policy forecasts. A new date for the meeting will...

Construction of a gas compression station (GCS) at the Surgil gas field in Karakalpakstan has been completed, according to the press service of Enter Engineering, the project’s general contractor.

The new facility will increase the pressure of natural gas for delivery to the Ustyurt Gas Chemical Complex, where it is processed into polymers used across various industries. The station is designed to handle up to 1.8 bn cubic meters of gas annually.

The station is equipped with two high-capacity gas compressor units manufactured by Baker Hughes. Commissioning and adjustment work is currently underway.

The launch of the GCS will allow...

S&P Global Ratings has raised the long-term credit rating of Uzbekistan’s Kapitalbank from B+ to BB-, with a Stable outlook. The bank’s short-term rating was affirmed at B. The agency cited consistent profitability, stable asset quality, and strengthened capital as key factors behind the upgrade.

S&P expects Kapitalbank to maintain strong financial performance throughout 2025, with an interest margin of 8–8.5% and a return on equity (ROE) between 25% and 27%, aligning with leading market players. As of June 1, 2025, Kapitalbank held an 18.1% share of the retail deposit market, affirming its status as a systemically important financial institution.

Taiwan Semiconductor Manufacturing Company (TSMC) has become the first Asian company to reach a market capitalisation of $1 trln, closing at a record high on July 18, Forbes reports. The surge reflects growing investor confidence in the firm’s dominance as the leading global semiconductor manufacturer, amid a booming demand for artificial intelligence (AI) technologies.

According to Bloomberg, the company’s value reached NT$29.82 trln ($1.013 trln) on the Taiwan Stock Exchange, with its shares closing at NT$1,150 ($39.10). Meanwhile, its US-listed depositary receipts closed at $240.40 on July 18 and continued to rise slightly in premarket trading on July 21.

Halyk Bank of Kazakhstan has signed a strategic agreement with Uzbekistan’s fintech leader Click, acquiring 49% of Click for $176.4 mln. In return, Click’s shareholders will purchase 49% of Halyk’s Uzbek subsidiary, Tenge Bank, for $60.76 mln. Both deals are subject to regulatory approval.

The agreement enables both companies to remain legally independent while collaborating to expand their presence in Uzbekistan’s growing digital finance sector.

Halyk is Central Asia’s largest financial group, with over $37.5 bn in assets and investment-grade credit ratings. Click serves more than 20 mln users in Uzbekistan and offers a wide range of digital services...

Uzbekistan and Kazakhstan have agreed to collaborate on the conservation of the saiga antelope, a critically endangered species native to Central Asia. The two countries’ ministries of ecology are preparing to sign a memorandum of understanding (MoU) to formalize their cooperation.

The agreement will serve as a framework for joint conservation projects aimed at protecting and increasing the saiga population in Uzbekistan, where the species is listed in the national Red Book of endangered animals.

The saiga is a steppe-dwelling antelope that once roamed vast areas across Uzbekistan, Kazakhstan, Turkmenistan, and southern Russia. Its numbers have dwindled sharply in...

Due to a poor harvest in Turkey, Uzbekistan could become the second-largest apricot exporter in the world by the end of 2025, according to a forecast by the EastFruit portal.

This season, Turkish farmers have experienced a significant drop in apricot yields due to spring frosts, which experts believe may impact the country’s export volumes.

EastFruit noted that Uzbekistan began exporting apricots in late April this year. Between April and June, the country exported 54.1 thousand tonnes of apricots—up from 46 thousand tonnes during the same period in 2024.

«Since 2018, Uzbekistan has consistently ranked among the world’s top...

The Chirchik branch of the Tashkent State Medical University (TSMU) has been added to the blacklist of the National Medical Commission (NMC) of India, according to the Medical Dialogues portal.

The commission warned Indian applicants against enrolling in undergraduate programs at the university. According to the NMC, the overall quality of education at the Chirchik branch does not meet Indian national standards. As a result, students who graduate and return to India may not be eligible to practice medicine.

In addition to the Chirchik branch of TSMU, three universities in Belize were also blacklisted. The NMC stated that...

Taliban army chief Fasihuddin Fitrat has admitted that efforts to retrieve military aircraft that fled to Uzbekistan during the fall of the previous Afghan government in 2021 have yet to succeed. Despite nearly four years of diplomatic pressure, the aircraft remain beyond the Taliban’s reach, a situation Fitrat insists they are not prepared to accept, Amu reports.

«These aircraft belong to Afghanistan,» he stated during a press briefing in Kabul, outlining the defence ministry’s annual progress. «We have not given up, and we never will. What is rightfully ours must be returned.»

Aircraft...

From 2025, the United States will introduce a new mandatory charge known as the Visa Integrity Fee, applicable to all non-immigrant visa applicants. The relevant legislation was signed into law by President Donald Trump.

The fee has been set at $250 and will remain in effect until the end of the 2025 fiscal year on September 30. It may be adjusted in the future to account for inflation.

The fee cannot be waived. However, it will not apply to nationals of countries participating in the US Visa Waiver Programme (VWP), which includes over 40 states.

To get their money...

Qatar has formally entered the race to host the 2036 Summer Olympic and Paralympic Games, its Olympic Committee announced, confirming that a formal proposal has been sent to the International Olympic Committee (IOC), Anadolu Ajansi reports.

In its statement, Qatar’s bid committee highlighted the country’s modern sports infrastructure, strong organisational capabilities and proven experience in staging international events. Sheikh Joaan bin Hamad Al Thani, President of the Qatar Olympic Committee and head of the bid commission, said the initiative reflects the nation’s vision of using sport to foster peace and mutual understanding between peoples.

«Sport for Peace» Philosophy...

Uzbekistan extracted over 21.7 bln cubic metres of natural gas in the first half of 2025, according to data from the National Statistics Committee. This marks a 3.1% year-on-year decline in output.

Despite lower domestic production, gas exports surged by 50.5% to $355 mln. Meanwhile, imports dropped to $571.8 mln during the same period.

Last year, Uzbekneftegaz announced plans to stabilise domestic gas production. The strategy includes attracting foreign investment, drilling new wells and upgrading existing gas fields.

On the import side, Kazakhstan has indicated plans to increase the transit of Russian gas to Uzbekistan to 22 bn cubic...

Rosie Jeanne Burke Roche, a distant cousin of Prince William and Prince Harry and granddaughter of Princess Diana’s uncle, has died suddenly at the age of 20, The Independent reports. Her mother and sister discovered her at the family home in Norton, near Malmesbury in Wiltshire, on July 14, just as she was preparing for a trip with friends.

An inquest into her death was formally opened at the Wiltshire and Swindon coroner’s court and has been adjourned until October 25. Wiltshire Police confirmed there are no suspicious circumstances or third-party involvement. The coroner reported that Rosie died from...

Uzbekistan set new historic records in daily electricity consumption and grid load during the unusually hot period from July 16 to 21, 2025, the Ministry of Energy reports.

For the first time, summer consumption levels have overtaken winter peaks. On July 18, the country consumed 272.6 mln kilowatt-hours (kWh) of electricity in a single day, exceeding both the previous winter maximum of 271.8 mln kWh and the summer record of 253.3 mln kWh set in July 2024.

At 17:00 (GMT+5) on July 21, the national power grid hit a new peak capacity of 13.3 gigawatts (GW), surpassing the previous...

Uzbekistan’s foreign trade turnover reached $37 bn in the first six months of 2025, marking a 16.1% increase compared to the same period last year, according to the National Statistics Committee.

China, Russia and Kazakhstan remained the country’s main trading partners. Trade with China exceeded $6.5 bn, followed by $6 bn with Russia and $2.2 bn with Kazakhstan.

As of early July, Uzbekistan exported goods worth $16.8 bn, while imports stood at $20.1 bn. Russia, China and Kazakhstan were the primary buyers of Uzbek products and also the main suppliers of goods to the country.

Gold remained Uzbekistan’s top...

Ozzy Osbourne, widely credited as one of the founding figures of heavy metal music, has died at the age of 76. The Osbourne family confirmed his death on Tuesday, July 22, with a brief statement:

«It is with more sadness than mere words can convey that we have to report that our beloved Ozzy Osbourne has passed away this morning. He was with his family and surrounded by love. We ask everyone to respect our family privacy at this time.»

His death follows a long period of declining health. This includes a public battle...