Business & Economy UZB

EBRD lending up to €20 million to pharmaceutical producers in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) says it is helping to create favourable conditions for the growth and development of domestic pharmaceutical production in Uzbekistan by supporting the operations of its long-term client, Samarkand England Eco-Medical (SEEM). The Bank is providing a loan of up to €20 million to SEEM and its sister-company, Bayan

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Business & Economy UZB

Tashkent to expand green areas

On February 25, Uzbekistan President Shavkat Mirziyoyev reviewed proposals for the development of urbanization processes and the expansion of green areas in Tashkent. In recent years, the economy and agglomeration of the capital have been developing dynamically, and the permanent population of Tashkent has exceeded 3.1 million. It is projected that the city’s population will

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Business & Economy KZ

Crude oil continues accounting for half of Kazakhstan’s exports

In 2025, Kazakhstan’s foreign trade turnover, according to preliminary data, reached $143.9 billion—$1.8 billion more than in 2024. Compared to 2020, trade turnover increased by two-thirds, according to finprom.kz. Exports in 2025 amounted to $79 billion—slightly below the 2024 level and the 2022 peak. Imports, on the contrary, continued to grow: from $38.9 billion in

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Business & Economy UZB

Uzbekistan’s rainfall induction project may cause environmental risks

On March 1, 2026, Uzbekistan will officially launch a state rainfall induction project. The initiative, approved by President Shavkat Mirziyoyev, aims to combat drought and water shortages in the Tashkent region, drawing on the experience of France, China, and Saudi Arabia. The technique is expected to increase precipitation by 10–20%, ensuring agricultural stability, Tashkent Today

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Business & Economy UZB

Uzbekistan supports youth initiatives

A dialogue between President Shavkat Mirziyoyev and the country’s youth took place on February 24. More than 60,000 young people participated in the meeting via studios in Karakalpakstan, across the regions, and in the city of Tashkent. The president noted that the country’s more than 22 million young people represent a powerful economic, social, and

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Business & Economy UZB

Debt burden is growing in Uzbekistan

In 2025, Uzbekistan’s public debt increased by $6.6 billion or 16.5%, reaching $46.9 billion. In the fourth quarter of the year alone, the debt grew by $2.9 billion, Tashkent Today reports. The country’s external debt amounted to $39.8 billion, an increase of $6.1 billion over the year. Domestic debt increased to $7 billion (+$542 million

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Business & Economy KZ

Kazakhstanis choose cheaper chicken meat instead of expensive beef

There’s a growing discussion on social media that Kazakhstanis have allegedly started buying pork more often due to high prices of beef, which is almost twice as expensive. Social-media users claim the price difference has defined the consumer choice. Orda.kz investigated whether this is true. According to a meat vendor, “It’s not that everyone has

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Business & Economy KG

Kyrgyzstan launches construction of special financial investment zone

Chairman of Kyrgyzstan’s Cabinet of Ministers Adylbek Kasymaliev on February 20 attended the capsule-laying ceremony marking the launch of construction of the Tamchy Special Financial Investment Territory, a special legal and regulatory jurisdiction located on the northern shore of Lake Issyk-Kul. Kasymaliev emphasized that the Tamchy zone is intended to become an international financial center,

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Business & Economy UZB

Uzbekistan defines development priorities for Karakalpakstan

On February 20, President Shavkat Mirziyoyev chaired a meeting to define priority tasks for the socio-economic development of the Republic of Karakalpakstan. It was noted that due to its vast territory and mineral reserves, Karakalpakstan has considerable economic and investment potential. Tangible changes have taken place in Karakalpakstan’s economy in recent years. Eight years ago, the

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Business & Economy KZ

Qualified workforce is most in demand on Kazakhstan’s labor market

Since the beginning of 2026, employers have posted 102,700 job vacancies and job seekers have submitted 162,400 resumes on the Enbek.kz online job exchange in Kazakhstan, according to the Ministry of Labor and Social Protection. The number of job seekers exceeds the number of vacancies, with an average of 1.58 resumes per vacancy. Over 80%

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Business & Economy UZB

Uzbekistan expects price growth

The Central Bank of Uzbekistan has published a report on inflation expectations of the country’s households and businesses as of early 2026. According to the report, the average price growth forecast for the next 12 months has been decreased by 0.3% to 11.2%, Tashkent Today reports. The highest price growth expectations among households are traditionally

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Business & Economy KZ

Kazakhstan prepares for spring flood season

In preparation for the coming spring flood season, Kazakhstan’s Ministry of Water Resources and Irrigation is pre-emptively releasing water from key reservoirs across the country’s northern, central, western, and eastern regions to prepare for the influx of meltwater expected during the spring thaw. At the same time, reservoirs in the southern, arid regions which heavily

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Business & Economy KG

Kyrgyzstan launches its first cable car in Ala-Archa nature park near Bishkek

President Sadyr Japarov on February 18 officially opened a cable car in the Ala-Archa State Nature Park, the first gondola cable lift in Kyrgyzstan. The Ala-Archa Nature Park is located about 30 km from Bishkek and stretches along the Ala-Archa River. The park is a popular weekend getaway for Bishkek residents and foreign tourists. The

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Business & Economy UZB

Uzbekistan reports record high production of green energy

Since the beginning of 2026, solar and wind power plants in Uzbekistan have generated 1 billion kWh of electricity. According to the Ministry of Energy, this milestone was reached by February 13, a 40% (400 million kWh) increase over the same period last year, Tashkent Today reported. Uzbekistan now has 15 solar power plants with

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Business & Economy KG

Kyrgyzstan saw dramatic decrease in exports in 2025

The National Statistical Committee of Kyrgyzstan has published figures of the country’s foreign trade in 2025, which amounted to $15.8 billion, a 10.2% decrease compared to 2024. Kyrgyzstan’s exports fell significantly by 44.5%, while imports increased by 3.9%. In 2025, Kyrgyzstan exported its products to Russia (22.9% of all exports), Kazakhstan (15.9%), Switzerland (15.4%), Uzbekistan

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Business & Economy UZB

Uzbekistan highlights its pilgrimage tourism potential at exhibition in London

Uzbekistan showcased its extensive potential in pilgrimage tourism at the international exhibition “Muslim Travel Show” in London, which brought together leading representatives of the global pilgrimage tourism industry, Dunyo information agency reported. Uzbekistan highlighted the country’s rich spiritual and cultural heritage, its unique historical landmarks, and its modern infrastructure designed to accommodate international visitors. During a

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Business & Economy KZ UZB

Kazakhstan and Uzbekistan seek to increase rail cargo transportation

As part of the implementation of the President of Kazakhstan’s instruction to increase the country’s transit potential and bring annual transit cargo volumes to 55 million tons, the Minister of Transport of Kazakhstan on February 16 met with the Minister of Transport of Uzbekistan to discuss expanding cooperation in rail transport, according to the Kazakh

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Business & Economy KG

Kyrgyzstan focuses on organic agriculture development

Kyrgyzstan President Sadyr Japarov last week signed a decree establishing National Organic Agriculture Day, to be celebrated annually on the last Friday of September. The move reflects Kyrgyzstan’s aspiration to strengthen its position as a leading producer of organic agricultural products in the region. According to the Ministry of Water Resources, Agriculture, and Processing Industry,

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Business & Economy KZ

Spending on food reaches 57% in Kazakhstan

The well-being of Kazakhstan citizens is declining. This is confirmed not only by the 2% decline in real incomes of working citizens in the fourth quarter of 2025, but also by the growing share of money spent on food, Finprom.kz reported. According to the Bureau of National Statistics, in the third quarter of 2025, Kazakhstan’s

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Business & Economy UZB

Uzbekistan plans to attract $50 billion in foreign investment

In 2025, Uzbekistan’s gross domestic product (GDP) grew by 7.7 percent and exceeded 147 billion dollars. More than half of the economic growth was accounted for by the services sector. In agriculture, the average income per hectare increased from 4,500 to 5,000 dollars, while labor productivity grew by 4.7 percent. This was announced at a

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