Uzbekistan
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Russian aid agency seeking to fill USAID gaps in former Soviet Union
Imperial attitudes undermine ambitions for expanded influence.
COMMENT: In recognising Taliban, Moscow had one eye on rise in Afghanistan of terrorist ISIS-K
Concerns that the jihadist group is operating near borders with Central Asia “helped shift Russia’s strategic calculus”.
Uzbekistan taps China’s Shandong Group to upgrade Tashkent substations
China’s Shandong Electrical Engineering & Equipment Group is set to modernise two electrical substations in Tashkent under a deal aimed at improving the reliability of Uzbekistan’s power grid.
Uzbekistan hits back at UN opinion on jailed daughter of former president Karimov
The government of Uzbekistan has issued a formal response challenging a UN Human Rights Council’s Working Group on Arbitrary Detention opinion on the criminal prosecution of Gulnara Karimova, the imprisoned daughter of ex-president Karimov
China reportedly operating Bagram Air Base in Afghanistan, as economic ties deepen
China is now operating the former United States military facility at Bagram Air Base in Afghanistan, The Telegraph reports citing anonymous officials and satellite imagery analyses.
BRICS leaders gather in Rio to challenge Western dominance
Leaders from the BRICS group have convened in Rio de Janeiro for their 17th annual summit, casting the expanded bloc as a counterweight to Western institutions whilst grappling with internal divisions over key geopolitical flashpoints.
Uzbekistan’s Mirziyoyev, Azerbaijan’s Aliyev chart new course for $1bn in trade and regional connectivity
The president of Uzbekistan is currently in Azerbaijan for a state visit that signals a deepening strategic alliance between the two countries, as Tashkent and Baku move to elevate annual trade to $1bn and expand cooperation across the board.
Uzbek venture capital outfit IT Park Ventures enters into strategic partnership with Startup Garage
Companies link up to expand potential in turning bold ideas into smart business.
INTERVIEW: Uzbekistan’s privatisation taking off as Franklin Templeton manages IPOs worth billions of the National Investment Fund in 1H26
Uzbekistan’s government has launched an ambitious privatisation programme aimed at reshaping its economy and capital markets. US fund Franklin Templeton is managing a $1.68bn portfolio of 18 companies in the Uzbekistan National Investment Fund.
COMMENT: Competing Trans-Afghan transport routes could split Central Asia
Central Asia is bottled up by an unstable Afghanistan. It would dearly love to open a southern corridor that leads to the huge and lucrative markets of Southeast Asia that could transform the economy of the region.
MACRO ADVISORY: Silk Roads for Gen Z and the fate of the Middle Corridor
Sanctions against Russia and the voluntary boycott of Russian ports and transit routes by major global transport and logistic companies, created the need for alternative routes to carry the growing volume of trade between China and Europe.
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After decades of neglect, Central Asia awakening to trade possibilities with Mongolia
Ulaanbaatar welcomes two Central Asian leaders in June.
Uzbek President appoints his daughter Saida as head of his administration
In a move widely interpreted as Uzbek President Shavkat Mirziyoyev consolidating his hold on power, he has appointed his daughter, Saida Mirziyoyeva, as head of the presidential administration – the second most powerful job in the country.
Uzbekistan’s foreign trade expands 15% y/y to $31.3bn in Jan–May
Growth driven by a 31% rise in exports to $14.8bn. Imports rose a modest 3.7% to $16.5bn.
MACRO ADVISORY: Uzbekistan is in need of another gear
Uzbekistan has recorded remarkable growth over the past six years. GDP doubled, average incomes have risen three-fold. The president wants to double the economy again, but to do that, it needs to go up another gear: privatisation needs to accelerate.
Saudi Arabia-based power company ACWA Power plunges head first into Uzbekistan's green energy sector
Saudi Arabia-based utility developer ACWA Power plunged headfirst into the Uzbekistan green energy market. Since making its first investment in 2020 with a 1,500-MW plant in the Silk Road city of Bukhara, it has built $15bn worth of new capacity.
Uzbek capital market reforms unlock corporate funding boom, fuels investor demand
The Uzbek economy is booming and with incomes rising and a middle class emerging, companies are hungry for investment cash. Reforms to the domestic capital market are paying off with a growing volume of corporate bond issues and the first IPOs.
INTERVIEW: Uzum the Uzbek unicorn scaling up in a fast-growing market
Uzum is Uzbekistan’s first ever tech unicorn and leading the pack as the country is being transformed into Central Asia’s tech hub.
FIC head explains why Uzbekistan today is not the Uzbekistan of five years ago
As Uzbekistan continues its transition toward a more open and market-driven economy, there is progress in attracting foreign direct investment (FDI) and improving the overall business climate.
Uzbekistan investment story reaches critical mass as the first round of international capital arrives to invest into its burgeoning businesses
Uzbekistan sees surge in foreign investor interest as green energy and private capital drive momentum.