In the space of six weeks this spring, Uzbekistan delivered two transactions that were gamechangers for the country’s image and starter’s guns for the privatisation process.
When Commerzbank opened its Tashkent office in 1998, Uzbekistan's economy stood at roughly $13bn. Last year it reached $145bn, having more than doubled from $60bn just nine years earlier.
When Albanian President Bajram Begaj addressed the Tashkent International Investment Forum (TIIF), he was making the case for a relationship that, by his own government's admission, has barely existed for the past three decades.
Russia’s largest e-commerce operator Wildberries became the largest retailer of any sort when it overtook MasterSport in 2019 and took Russia into a new age of e-commerce. Now it is expanding into Uzbekistan's fast growing economy.
When Lord Jason Stockwood, Britain's Minister of State for Investment, addressed an investor panel at the fifth Tashkent International Investment Forum (TIIF) in June, he was brimming with enthusiasm.
Uzbekistan-Korea Business Forum showed that for Seoul, Central Asia country has become a key partner.
As billions of dollars are poured into infrastructure across Central Asia and the Caucasus, the official responsible for coordinating much of the Middle Corridor says the route's biggest challenge is not physical infrastructure but governance
Uzbekistan is seeking to transform itself from a supplier of raw materials into a producer of higher-value industrial goods as the global scramble for critical minerals accelerates.
In a show of the pragmatic good relations that continue between Russia and Uzbekistan, Russian Prime Minister Mikhail Mishustin praised the economic and trade ties between the two countries at the plenary session of the fifth TIIF.
Uzbekistan is seeking to transform its network of SEZs. Policymakers and investors are increasingly focused on how Central Asia can convert abundant natural resources into higher-value economic activity.
Country's plans to expand agricultural production, industrial output and exports are running into an increasingly uncomfortable and stark reality.
Uzbekistan has emerged as one of the developing world's most compelling investment stories, pulling in a record $43.1bn in FDI and loans in 2025 — up sharply from $31.9bn in 2024 and $19.5bn in 2023.
Local institution, not foreign import.
Uzbekistan is an unusual case in the Islamic world. Its population of nearly 40mn is overwhelmingly Muslim — around 90% — yet the country has operated since independence as a secular state, with a conventional western-style banking system.
At the fifth Tashkent International Investment Forum, Shavkat Mirziyoyev laid out the most ambitious reform agenda in Central Asia. Ben Aris reports from a country that is transforming faster than almost anyone expected.
Central Asia used to be thought of as sitting at the “navel of the world,” about as far away from everywhere as it was possible to be. Today that perception has changed as once again it finds itself at the centre of things.
China-Central Asia Monitor: June 5-11, 2026.
Highlights strong capital position, robust asset quality, comfortable liquidity profile and low refinancing risk.
Trump special envoy to region says deals will be "win-win". Russia, meanwhile, is not amused.
Part of plan to attract $30bn in investment. Cutting-edge tech could accelerate analysis of geological data, raise efficiency of drilling operations.