Business & Economy UZB

Tashkent to develop night-time economy

The Institute for Macroeconomic and Regional Studies has presented a comprehensive strategy for the Uzbek capital’s development after sunset. The study emphasizes that without systemic management and infrastructure development, the plan to create 320 round-the-clock streets in Tashkent would not be realistic, Tashkent Today reports. The main barriers identified are a lack of transportation (the

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Business & Economy UZB

EDB and UzOman launch strategic partnership to develop investment projects in Uzbekistan

The Eurasian Development Bank (EDB) and the Uzbek-Oman Investment Company (UzOman) have signed a Memorandum of Understanding. The parties will focus on developing investment projects in Uzbekistan, including in the transport and logistics infrastructure sector. The document was signed by Alexey Skatin, Senior Managing Director of the EDB, and Omar Bahram, CEO of UzOman. “The

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Business & Economy KG

Kyrgyzstan freezes electricity tariff for farmers using drip and sprinkler irrigation

Kyrgyzstan’s Cabinet of Ministers has amended the country’s Medium-Term Electricity Tariff Policy for 2025–2030, providing a new state support measure for farmers using water-saving irrigation technologies. According to the Cabinet’s resolution of April 10, 2026, the current electricity tariff will not be increased until May 1, 2030 for farmers producing agricultural products with the use

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Business & Economy UZB

Uzbekistan improves organization of external labor migration

On April 20, President Shavkat Mirziyoyev reviewed measures aimed at organizing external labor migration, preparing citizens for high-paying jobs, and ensuring their protection abroad. Currently, Uzbek citizens work in nearly 40 countries, with the number employed abroad reaching 1.2 million. Demand for skilled workers in developed countries of Europe and East Asia continues to grow.

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Business & Economy UZB

Youth strategy for New Uzbekistan

On April 20, President Shavkat Mirziyoyev reviewed the draft “Youth of New Uzbekistan–2030” strategy, the country’s first comprehensive youth policy strategy aimed at strengthening the role of young people and unlocking their potential in building New Uzbekistan. Today, the country’s population is 38 million, of whom 9.5 million, or nearly 25 percent, are young people

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Business & Economy KG

Kyrgyzstan joins World Bank’s REMIT program to modernize its energy sector

Kyrgyzstan’s Chairman of the Cabinet of Ministers Adylbek Kasymaliyev last week met with World Bank Vice President for Europe and Central Asia Antonella Bassani in Washington, D.C. The meeting concluded with the signing of an agreement between Kyrgyzstan and the World Bank Group on the Regional Electricity Market Interconnectivity and Trade (REMIT) Program. The World

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Business & Economy KZ UZB

EDB: Kazakhstan and Uzbekistan emerge as key hubs of Eurasian logistics and distribution

The Eurasian Development Bank (EDB) sees the Central Asian warehouse infrastructure as the “opportunity of the decade” and intends to significantly increase investments in this segment, Alexey Rogachevsky, EDB Director for Uzbekistan, said at the Central Asia Warehouse Summit (CAWS 2026) on April 16 in Tashkent. Speaking at the Warehouses and Finance session, he presented

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Business & Economy KG

Kyrgyzstan toughens punishment for drunk drivers that cause traffic accidents

Kyrgyzstan’s parliament has passed amendments to road traffic safety legislation that toughen penalties for traffic violations, particularly in traffic accidents caused by drunk drivers. The amendments have increased penalties for causing traffic accidents depending on the degree of injury: – for minor injury, a fine between 80,000 and 100,000 soms (about $1,140) with a driver’s

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Business & Economy KZ

Investment outflow from Kazakhstan grew 30% in 2025

Despite government measures aimed at supporting investment in Kazakhstan, Kazakhstani investors—both private and institutional—continue to channel their funds into foreign projects, ranking.kz reports based on data from the National Bank of Kazakhstan. In 2025, the outflow of direct investment abroad from Kazakhstani investors reached $2.4 billion, an increase of 30% year-on-year. In 2024, this figure

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Business & Economy KZ

The largest number of crimes in Kazakhstan last year was registered in Almaty

The largest number of crimes in Kazakhstan in 2025 was registered in Almaty—22,200. In Astana, the number of registered crimes was 16,000, but the capital was the “leader” in the number of crimes per 10,000 people (101.3), according to a crime rankings prepared by finprom.kz based on data from the Legal Statistics Committee of the

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Business & Economy UZB

IMF assesses Uzbekistan’s economy

Uzbekistan’s economy demonstrated remarkable strength in 2025. Driven by robust consumption and investment, real GDP growth reached 7.7 percent, while the unemployment rate declined by 0.7 percentage points to 4.8 percent, the International Monetary Fund (IMF) said in a statement following the 2026 Article IV Mission to Uzbekistan. According to the IMF, growth was broad‑based, with

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Business & Economy KZ

Kazakhstan’s IT exports steadily grow

Kazakhstan exported IT services for a total of $1.142 billion in 2025, 2.6 times more than $429 million the country spent on the import of foreign digital solutions. According to the Ministry of Artificial Intelligence and Digital Development, reaching $1.1 billion in export revenue is an indicator of the maturity of the country’s digital ecosystem.

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Business & Economy UZB

Tashkent to improve environmental situation by relocating greenhouses to Surkhandarya region

Uzbekistan’s Cabinet of Ministers has adopted a resolution on the relocation of greenhouse farms from Tashkent and the Tashkent region to the Surkhandarya region (the Surkhon-Agro special economic zone). The measure is aimed at improving air quality in the capital city, Tashkent Today reported. The government also introduces strict restrictions on greenhouses in the Tashkent

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Business & Economy KZ

ADB: Kazakhstan’s economic growth to moderate but stay resilient

Kazakhstan’s economic growth is expected to moderate in 2026 and 2027 as oil output nears peak production capacity and private demand softens, according to the Asian Development Outlook (ADO) April 2026, released by the Asian Development Bank (ADB). Kazakhstan’s gross domestic product (GDP) is forecast to grow at 4.8% in 2026 and 4.5% in 2027, from

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Business & Economy KZ

Kazakhstan’s foreign debt rises to historic high

As of the end of 2025, Kazakhstan’s external debt reached a record high of almost $182 billion, ranking.kz reported citing data from the National Bank. Over the year, the country’s external debt increased by a record 10.4%—the largest increase in the last 17 years. Prior to 2025, the country’s external debt dynamics were moderate, characterized

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Business & Economy KZ

Valmont Industries to produce irrigation machines in Kazakhstan

Valmont Industries, a leading global irrigation machinery manufacturer, plans to localize production of precision irrigation equipment (Valley brand) in Kazakhstan. The project was discussed on April 9 by Kazakh Agriculture Minister Aidarbek Saparov and Philipp Schmidt-Holzmann, Valmont’s Regional Vice President, Eurasia & Latin America. According to the Ministry of Agriculture, Saparov emphasized that the development

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Business & Economy UZB

ADB report: Uzbekistan’s economic growth to remain strong in 2026–2027, supported by reforms and investment

Uzbekistan’s economic growth is projected to remain robust at 6.7% in 2026 and edge up to 6.8% in 2027, following an exceptionally strong expansion of 7.7% in 2025, according to the latest forecasts from the Asian Development Bank (ADB) in Asian Development Outlook (ADO) April 2026.   Growth accelerated in 2025, exceeding expectations as strong performance

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Business & Economy TJK

ADB forecasts 7.3% growth for Tajikistan in 2026

Tajikistan’s economic growth is expected to remain strong in 2026 and 2027, driven mainly by industry and services, according to the Asian Development Bank’s (ADB) latest forecast. Stronger industrial competitiveness leading to greater value addition will support long term growth and job creation. The country’s gross domestic product is projected to expand by 7.3% this

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Business & Economy KG

Fines for killing wild animals raised in Kyrgyzstan

The Ministry of Natural Resources, Ecology, and Technical Supervision has announced that a new resolution of the Cabinet of Ministers has significantly increased fines for harming wildlife in Kyrgyzstan. The measure is aimed at preserving biodiversity and strengthening the fight against poaching. According to the new regulations, the fine for illegally hunting ibex has tripled

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Business & Economy KG

ADB projects Kyrgyzstan’s growth at 8.9% in 2026 with rising inflation

Economic growth in Kyrgyzstan is projected to moderate from an estimated 11.1% in 2025, but remain strong at 8.9% in 2026 and 8.4% in 2027, according to the Asian Development Outlook (ADO) April 2026, the Asian Development Bank’s (ADB) flagship economic publication. Growth is expected to ease as construction and trade normalize, while domestic demand remains

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