BYD aims to sell 4.25 mn new energy vehicles (NEVs) in 2024, said Senior Vice President Liang Yubo.
He added that the company plans to sell 500,000 electric and hybrid cars in December alone.
This would mark a 41.6% increase from 2023, when BYD sold 3 mn vehicles.
South Korea’s parliament has impeached President Yoon Suk Yeol, Yonhap reports.
The motion received support from 204 out of 300 National Assembly members, allowing the opposition to remove the president from office.
An investigation into Yoon has begun, with authorities suspecting him of treason and rebellion.
The opposition first attempted impeachment in early December but lacked the votes to succeed.
Tensions escalated after President Yoon declared a state of emergency, citing threats from North Korea. He also accused opposition parties of engaging in anti-state activities.
On December 12, the price of liquefied gas (propane) in Uzbekistan fell by 2.6%, reaching 7.3 mn soums per tonne, according to Rasul Kusherbayev, a former deputy and advisor to the Minister of Ecology of Uzbekistan.
Yesterday, the price of propane decreased by 6.8%, bringing it down to 6.8 mn soums per tonne.
Kusherbayev stated, “These changes in the stock market will soon lead to lower propane prices at fuel stations.”
In the next two years, Uzbekistan will provide all utility services as a single package, with outstanding debts combined. Alisher Kadyrov, leader of the “Milliy Tiklanish” party, made this announcement.
He confirmed that deputies approved the law in its first reading. The document also includes measures to address poor service.
The Central Bank of Uzbekistan fined eight banks, seven payment service providers, and 12 microfinance organisations for violating laws and regulations. The fines followed a review during the Central Bank Committee’s November meeting.
Inspectors also issued warnings to 22 banks and three payment service providers about potential sanctions and corrective measures.
The Banking Supervision Committee has identified seven banks as systemically important for 2025.
Mikheil Kavelashvili is the new President of Georgia. He secured the support of 224 out of 300 Electoral College members. Kavelashvili previously served as a Member of Parliament for three terms.
For the first time in Georgia’s history, the president was chosen by an electoral college rather than direct voting. The college included 300 members. Opposition parties boycotted the process, calling the government illegitimate.
Georgia’s Central Election Commission supervised the election and announced Kavelashvili as the winner after the vote count.
The ruling party, Georgian Dream, nominated Kavelashvili for the presidency in late November. Before his political career, he was...
Uzbekistan plans to join the international convention on long-range transboundary air pollution (CLRTAP), as reported the Uzbek Ministry of Ecology, Environmental Protection and Climate Change.
Representatives from the ministry attended the 44th session of the convention’s executive body in Geneva, where they discussed Uzbekistan’s national environmental policy and explored the steps needed for accession to CLRTAP.
The Ministry of Ecology emphasised that participating in the convention would provide access to international expertise in air quality monitoring, research and modern methods for reducing atmospheric pollution. Signing the convention would represent a significant advancement toward establishing a green economy.
The convention...
Uzbekistan plans to attract $2 billion in foreign investment for its light industry. This was announced during a meeting led by President Shavkat Mirziyoyev, who was focused on developing the textile industry.
In this sector, 82 major projects are set to be implemented, which will create 25,000 jobs.
The country aims to boost textile sales to $4 bn and leather sales to other countries to $250 mln.
At the meeting, it was highlighted that the light industry’s share of total production is 14%, while its share of exports is 16%.
From January to November, Uzbekistan earned...
First Deputy Director of the National Agency for Social Protection, Shakhnoza Mirziyoeva, has been assigned the responsibility of reuniting children with disabilities and orphans with their families. This directive was issued by President of Uzbekistan, Shavkat Mirziyoyev, during a meeting focused on social protection issues.
Mirziyoeva is also tasked with ensuring quality education for orphans and children with disabilities.
During the meeting, it was highlighted that 300 children from orphanages have successfully returned to their families this year. However, there are still 500 children receiving education outside the family environment.
The President instructed the creation of conditions to facilitate...
In 2025, the Medical Insurance Fund will receive an additional 185 bn soums. Officials shared this information with President Shavkat Mirziyoyev during a meeting on social development.
The money will fund surgical operations for low-income citizens.
Funds allocated through the social registers initiative will focus solely on supporting disadvantaged families.
Hokims will be allowed to use 30% of these funds to improve roads and public infrastructure with assistance from the “Inson” Centre.
The practice of settling low-income citizens in unified social complexes will end. Instead, people will rent housing near their mahallas, with expenses covered by the programme.
Since the start of the year, social workers identified and assisted 95,000 vulnerable citizens in Uzbekistan through door-to-door visits.
They confirmed disability status for 51,000 people and provided prosthetics to 26,000. Around 5,000 children with disabilities are enrolled in kindergartens and schools.
Social workers supported 75,000 low-income families. Targeted assistance helped 17,000 people secure jobs, while 14,000 increased their income through entrepreneurship.
Nearly 30,000 children gained access to education. Doctors provided free medical care to 45,000 low-income citizens.
The door-to-door visits also stopped unjustified social payments to people who did not need them.
Meta, led by Mark Zuckerberg, donated $1 mln to the inauguration fund of U.S. President-elect Donald Trump, according to The Wall Street Journal (WSJ).
This comes as Republicans prepare to take control of the White House and both chambers of Congress. Members of Trump’s party are also calling for new regulations in the information industry.
In late November, Zuckerberg visited Trump’s residence. According to the politician’s adviser, the Meta CEO expressed his intention to support reforms planned during Trump’s presidency.
Zuckerberg and his advisers also met with Senator Marco Rubio, a potential candidate for Secretary of State, and senior Trump...
The Central Bank of Uzbekistan decided on December 12 to keep the key interest rate unchanged at 13.5%, the regulator announced.
“By the end of the year, overall inflation is expected to stay near the upper limit of the forecast range,” the Central Bank said.
Annual inflation slowed to 10% in November, helped by stable food prices. However, risks of price increases remain for services and non-food goods. Inflation expectations have risen, with the public anticipating 13.7% and businesses expecting 12.7%.
Central Bank experts predict the economy will grow by 6–6.5% by the end of the year.
Uzbekistan’s Anti-Corruption Committee surveyed citizens to learn their views on corruption. The results appeared on the Committee’s Telegram channel.
The survey showed that most Uzbeks associate corruption with bribery and nepotism. However, only 40% consider giving valuable gifts to civil servants a corrupt act.
Traditional gifts like “suyunchi” and “to’yona” are often seen as signs of respect or gratitude, not corruption.
At the same time, 74% of participants said they would report corruption. Many prefer using electronic platforms or mobile apps to do so.
Despite this, half of the respondents fear consequences for reporting. Another 20% don’t know where to file complaints, and...
According to the Chinese magazine Lookwe, Uzbekistan aims to increase the private sector’s share of exports to 60%.
Since the start of this year, more than 2,400 companies have entered international markets, exporting goods worth $1 bn. Uzbekistan’s President Shavkat Mirziyoyev issued a decree allowing banks to provide unsecured microloans of up to 300 mn soums to support exporters.
In 2023, 235 exporters received assistance to help them adapt to international requirements. A total of 39.3 bn soums was allocated for these purposes, facilitating the implementation of 575 international standards and certifications, including ISO, Global GAP, and others, as...
Trade turnover between Uzbekistan and France has increased 3.8 times over the past seven years. This information was shared by Obid Khakimov, the head of the Centre for Economic Research and Reforms, during a roundtable discussion in Paris.
In 2023 alone, the trade turnover amounted to $985 mln, with Uzbekistan’s exports reaching $392 mln and imports totalling $593 mln. The combined portfolio of active and promising investment projects from 2018 to 2023 has exceeded $11 bn.
There are 42 enterprises with French capital operating in Uzbekistan, along with more than 1,000 companies from EU countries.
Kursiv Uzbekistan also reports that...
On December 10, the First Among Equals Award ceremony was organised by Kursiv Uzbekistan at the Hyatt Regency Tashkent Hotel. This annual event honours women leaders, entrepreneurs and activists while recognising organisations and projects promoting women’s leadership in Central Asia. Over 50 applications were submitted this year, indicating a growing interest in women’s leadership and their participation in economics, science and culture.
Anastasia Novikova, the Editor-in-Chief of Kursiv Uzbekistan, highlighted the significance of women’s leadership in her speech. She stated, “Real leadership is not about striving for power or competing with...
On Tuesday, the First Among Equals Award Ceremony, organised by Kursiv Uzbekistan, was held at the Hyatt Regency Tashkent Hotel. The event honoured women leaders, entrepreneurs, activists, as well as organisations and projects promoting women’s leadership development in Central Asia.
Anastasia Novikova, the Editor-in-Chief of Kursiv Uzbekistan, highlighted the significance of women’s leadership for the country’s sustainable development. In her speech, she stated, “True leadership is not about seeking power or competing with men; it is the ability to inspire, create a positive atmosphere, and make wise decisions. We must unite to promote the principles...
Investors are showing interest in developing a Smart City in Tashkent Region, as discussed during a meeting on regional development with Uzbek President Shavkat Mirziyoyev.
Other projects attracting investor attention include a medical cluster and green power plants. Business representatives are also seeking sites to construct various enterprises and tourist complexes.
The President has instructed that buildings and land plots be auctioned off under favourable terms for entrepreneurs.
Tashkent Regions Khokim Zoyir Mirzayev presented a plan to attract $5 bn to the region’s economy, with exports projected to reach $2 bn. After reviewing the project, Mirziyoyev recommended developing additional...
Most of the highly liquid stocks traded on the Toshkent Republican Stock Exchange (RFSE) experienced a decline last week. Kursiv Uzbekistan examined the dynamics of securities.
From November 29 to December 6, the UCI stock index decreased by 1.1%. Compared to the previous week, most company shares did not grow significantly. However, some notable increases were observed in selected securities of Hamkorbank (+5.98%), common shares of Alokabank (+2.17%), and UzAuto Motors (+1.82%).
The worst performers during the week included preferred shares of Alokabank (-18.83%), Uzpromstroybank (-12.19%), and Uzbekneftegaz (-11.24%).
Last week, investors made the most transactions with common securities...
UzAuto Motors has announced the resale of Chevrolet Cobalt GX-STYLE AT PLUS and Chevrolet Cobalt GX-MIDNIGHT AT vehicles not paid for on time under earlier contracts.
A new contract for purchasing these vehicles will be available starting December 11 at 10:00. The sale will take place exclusively online at savdo.uzavtosanoat.uz.
The company specified that the Telegram bot and the UzAvtosavdo application would be available only for monitoring the queue and obtaining information on vehicle availability.
According to UzAuto Motors, payment for the finalized contracts must be made within seven calendar days.
Kursiv...
Alisher Kadyrov, the leader of the Milliy Tiklanish party, has supported the initiative to introduce a visa regime with Russia and to tighten requirements for labour migrants. He shared his views in a post on his Telegram channel.
Kadyrov stated, “Not only we, but the entire Central Asian region should support the initiatives of Russian politicians to strengthen the visa regime with Russia and the requirements for job seekers.”
He stressed the importance of respecting national values and the cultural integration of migrants. Kadyrov also emphasised that foreigners living in Uzbekistan should know the Uzbek language, culture and local...
Uzbekistani Farzona Fozilova has won a gold medal at the Asian Boxing Championships, as reported Yangi Uzbekistan.
Competing in the 48 kg category, the Uzbek athlete defeated Vietnam’s Ling Chin Go with a score of 4-1 in the final match.
Shokhid Tillaboyev, the general secretary of the Uzbekistan Boxing Federation, was one of the first to congratulate Fozilova.
The Asian Boxing Championships are taking place in Thailand from November 28 to December 12. The competition was initially scheduled to be held in Amman, Jordan.
Kursiv Uzbekistan also reports that Uzbekistan’s Bakhodir Jalolov
Uzbekistan is planning to expedite negotiations for its accession to the World Trade Organization (WTO), as stated by Deputy Prime Minister Zhamshid Khodjaev in a press release from the organisation.
Khodjaev emphasised the goal of making Uzbekistan a full member of the WTO by 2026 and a model of successful integration into the multilateral trading system. During a working group meeting, he made these comments on Uzbekistan’s accession to the WTO.
He also highlighted that Uzbekistan is prepared to continue its reforms while steadfastly pursuing WTO membership. By 2025, Tashkent aims to intensify its efforts to...