Uzbekistan has a very long history of making luxury textiles and today the country is trying to revive them.
The Muruntau gold mine located in the Qizilqum (aka Kyzyl-Kum) desert in Uzbekistan is the world’s biggest open-cast gold mine. Discovered in 1958, some $3bn has been invested into modernisation, and the plan is to privatise it in the next years.
Qizilqumsement (QZSM) is of Soviet vintage and is the biggest cement maker in Central Asia. Its business is booming as demand is outstripping demand. A new production line is due online in December that should make the company even more profitable.
The Uzbek economy was one of only two major economies in the world that didn't go into recession in 2020. While the macroeconomic fundamentals are solid, the main headache remains inflation.
The small town of Nukus in the wastes of Uzbekistan’s Qizilqum (aka Kzyl-Kum) desert is the “Louvre of the Steppe.” The new building houses an Aladdin’s cave of lost Russian impressionist art, rescued from Stalin's terror of the 30s.
Until now, officials had been silent about ongoing power cuts, even calling them a thing of the past.
Deputy PM says climate in Central Asia changing twice as fast as in other regions due to the drying up of the Aral Sea.
Ahead of harsh winter, 4,000 to 5,000 people from Afghanistan are crossing Iranian border daily says humanitarian NGO.
Relations between upstream and downstream Central Asian countries can be tense. This won’t help.
Rating agencies estimate that major projects to be completed in coming years might increase company’s Ebitda by more than 50% and contribute to the issuer’s deleveraging.
Since the Taliban took Kabul, Islamic State sympathisers across South Asia have increased attacks on the movement over its ties to China.
Inhabitants of Tashkent struggle to breathe. Critical indicators suddenly showed city as second most polluted in the world.
Nukus in Uzbekistan's far west used to be an ecological disaster zone, but the worst of its problems are fixed. The country's leading white goods manufacturer Artel has set up a flourishing hoover production facility in the desert town.
In the most radical of all reforms made since Uzbek President Shavkat Mirziyoyev took over in 2016, the entire cotton sector has been privatised and production of this vital crop is now entirely owned by private companies.
Uzbekistan’s economy is taking off. President Shavkat Mirziyoyev took over five years ago and launched a radical reform programme, which are now bearing fruit. The economy is flourishing.
The World Bank has backed the issue of $500mn of green bonds ever year for 10 years in a bid to raise private capital to scale up clean energy and sustainable infrastructure in emerging economies.
The EBRD has increased its 2021 GDP growth projection for the emerging Europe and SEMED regions where it operates to 5.5% after a strong performance in H1.
Uzmetkombinat is one of Uzbekistan's biggest metallurgical companies and with demand soaring the company is investing €600mn into an expansion.
Moscow seems willing to tolerate Taliban rights abuses, if the movement can get the job done.
Dushanbe reportedly has also offered to transfer full control of existing, unacknowledged, base to Beijing. Chinese worried Afghanistan situation could benefit separatist East Turkistan Islamic Movement.