EBRD 2022: Reforms and privatisation to drive Uzbekistan’s mid-term growth

Clare Nuttall in Marrakesh May 16, 2022

Uzbekistan's growth slowed in 2022, but if the pace of reforms continues to be as fast as in the last few years it is expected to rebound to around 10% a year once the current health and geopolitical crises are over.

bneGREEN: Climate change, war in Ukraine and rising prices create perfect storm threatening global food security

bne IntelliNews May 13, 2022

The war in Ukraine has interrupted grain exports from the country and could create a global food crisis as vulnerable wheat importing countries in Africa and the Middle East face shortages and rising prices.

bneGREEN: Renewables set for record growth in 2022, but 2023 is not so rosy

Richard Lockhart in Edinburgh May 11, 2022

Renewables are again set to break global records in 2022, with 320 GW of new capacity forecast to come online and new solar projects in China and Europe driving growth.

‘Market disruptor’ TBC UZ makes digital bank inroads in Uzbekistan

Muzaffar Ismailov in Tashkent May 10, 2022

The fintech is reporting eyecatching market growth figures.

EBRD expects 30% GDP contraction in Ukraine in 2022, lowers emerging Europe projections

Clare Nuttall in Marrakesh May 10, 2022

The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.

Perspectives | Does a Russian bank merit a sanctions waiver for Central Asia?

Maximilian Hess for EurasiaNet May 5, 2022

Transkapitalbank has requested the US Treasury let it continue to operate in Central Asia.

NEMETHY: How will the war in Ukraine affect Emerging Markets?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors May 2, 2022

We have all heard the adage that a butterfly flapping its wings in the Amazon could affect the weather patterns on the other side of the planet. Might the war in Ukraine also have such unintended consequences?

INVESTIGATION: New evidence raises questions over the EU’s decision to sanction Russian oligarch Usmanov’s sister

Ben Aris in Berlin April 28, 2022

On April 8 the EU added Saodat Narzieva, the sister of Russian oligarch Alisher Usmanov, to the personal sanctions list after Organised Crime and Corruption Reporting Project (OCCRP), claimed she controls 27 Swiss accounts holding more than $2bn.

Uzbekistan’s multi-industry Orient Group getting ready to go to the next level

Ben Aris in Berlin April 27, 2022

Orient Group is one of the three biggest companies in Uzbekistan with a 20-year track record in a wide variety of industries and sectors, and now the holding is getting ready to take its business to the next level. The holding has been flourishing.

Sanctioned Russian banks seeking way out of Kazakhstan

Almaz Kumenov for Eurasianet April 21, 2022

Alfa-Bank Kazakhstan has been fully bought out by Kazakh peer CenterCredit.

ISKP attack on Uzbekistan WAS launched but rockets failed to cross border say Taliban

bne IntelIiNews April 21, 2022

Statement might explain why Tashkent denied there was any evidence of an incident and may rekindle fears terrorists in Afghanistan have started to target Central Asia.

ISKP terrorists in Afghanistan said to claim rocket attack on Uzbekistan

bne IntelIiNews April 19, 2022

A regional affiliate of Islamic State on April 18 reportedly said it had carried out a rocket attack on Uzbekistan from neighbouring Afghanistan. If confirmed, it would be the first strike by the terrorist group against the Central Asian nation.

Russians flock to Central Asia to open sanctions-busting bank accounts

Joanna Lillis for Eurasianet April 8, 2022

Some 10,000 Russian citizens have received personal identification numbers in Kazakhstan since Russia invaded Ukraine.

Uzbekistan: Nuclear deal with Russia still on the table despite sanctions

Joanna Lillis for Eurasianet April 8, 2022

Even if Rosatom is not targeted by sanctions, its future projects could still be affected.

Uzbekistan stops shipping GM cars to Russia

Eurasianet April 6, 2022

Sanctions on Russia will help Uzbekistan’s GM plant meet demand at home.

LONG READ: Afghanistan key to uncorking Russia's access to South Asia

bne IntelIiNews April 4, 2022

To the West, Russia is once more viewed as an international pariah. For a viable economic path, Moscow must look east and south across Asia. Afghanistan as well as Central Asia could be crucial to its plans.

Don’t forget Afghanistan, pleads Uzbekistan, as Ukraine war rages

Joanna Lillis for Eurasianet April 3, 2022

Russia used the meeting in China to emphasise its importance in Central Asia.

Moscow warns Islamist militant infiltration of Central Asia could 'export instability to Russia'

bne IntelIiNews March 31, 2022

Foreign Minister Lavrov says plans of Islamic State and build-up of detachments of Jamaat Ansarullah and Islamic Movement Uzbekistan around Afghan-Tajik and Afghan-Uzbek borders “are an alarming sign”.

EBRD slashes 2022 growth forecasts but only nations embroiled in war to enter recession

Clare Nuttall in Glasgow March 31, 2022

Ukraine's economy forecast to contract by 20% and projections worsen across emerging Europe — except for Eurasian oil and gas producers Azerbaijan and Turkmenistan.

Artel leading Central Asia's white goods revolution

Ben Aris in Berlin March 30, 2022

Nothing says modernity more than a fancy dishwasher. The Uzbek firm Artel has pioneered the production of white goods in Central Asia and is now the biggest manufacturer in the region.