There were 131 natural monopolies in Uzbekistan as of November 1, the lowest number since 2017, according to data held by the Uzbek antimonopoly committee.
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market mean the largest supplier in the industry, often the first supplier to serve the market, obtains an overwhelming advantage over potential competitors.
In October, Uzbek President Shavkat Mirziyoyev unveiled the country’s biggest ever privatisation programme. It is to provide for the sale of stakes in 620 state-owned companies.
The Central Bank of Uzbekistan (CBU) on October 24 kept its key policy rate at 14% per annum, citing easing inflation but ongoing risks. The ... more
Ukrainian outlet Kyiv Post on August 2 reported sources within Ukraine's Main Military Intelligence Directorate (GUR) as stating that an explosion in Russia disabled a section of ... more
Uzbekistan and Russia have struck an agreement under which the number of weekly direct flights between the two countries can be more than tripled to more than 1,000 per week, according to ... more