Uzbekistan

Uzbekistan privatises HUMO, Paynet succeeds with $65mn bid

Mokhi Sultanova in Tashkent January 14, 2025

National Interbank Processing Centre sold to highest bidder.

NEO: Why pick-up points for online orders are gaining popularity vs. home delivery

NEO January 14, 2025

The share of European consumers preferring home delivery for online orders dropped from 73% to 64% over the past year, according to a Last Mile Experts study.

Central Asian leaders look to expand mutual trade

Eurasianet January 13, 2025

Settling borders opens way for “the well-being of nations.”

Russia’s war machine fed by free-flowing exports of Uzbek “guncotton” pulp, say reports

bne IntelliNews January 13, 2025

Shipments vital to nitrocellulose production used as explosive and propellant in shells, rockets and missiles.

OUTLOOK Uzbekistan 2025

bne IntelliNews January 13, 2025

What is in store for Uzbekistan in 2025? bne IntelliNews’ annual OUTLOOK: Uzbekistan 2025

EBRD delivers 26% expansion in investments in 2024, commits record €16.6bn across economies

bne IntelliNews January 10, 2025

Lender notes strong momentum in green and gender financing, in parallel with steadfast support for Ukraine and its real economy.

China-Kyrgyzstan-Uzbekistan railway officially launched, but sidetracked at least until summer

bne IntelliNews January 7, 2025

Project moving forward under yellow signal.

Central Asia emerges as new e-commerce hub

bne Central Asian bureau December 27, 2024

The Central Asian region, encompassing five countries with a combined population of 75mn — Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, and Turkmenistan — is poised for an e-commerce boom.

World Bank approves $350mn as Tajikistan bids to fund completion of $6.3bn Rogun mega hydro project

bne IntelliNews December 18, 2024

Funding agreed despite environmentalists warning “biggest dam in the world” investment “will turn into a nightmare”.

Uzbek national arrested in Moscow bombing that killed Russian chemical defence chief Kirillov

bne IntelliNews December 18, 2024

Russian authorities have detained a 29-year-old Uzbek national suspected of organising the assassination of Lieutenant General Igor Kirillov, head of the Russian military’s chemical and biological defence forces.

Uzbekistan’s Moscow embassy “clarifying” details on man detained after scooter-bomb assassination of Russian general

bne IntelliNews December 18, 2024

Speed of arrest of Uzbek suspect will inevitably prompt some scepticism over whether the accused is a scapegoat.

Growing Islamic finance in Central Asia to unlock GCC investment

bne IntelliNews December 16, 2024

The Eurasian Development Bank, the Islamic Development Bank Institute and the London Stock Exchange Group have joined forces to support the rapid development of Islamic finance in Central Asia.

Uzbekistan’s universities claim places in prestigious rankings for first time

Mokhi Sultanova in Tashkent December 15, 2024

Enrollment in country’s higher education system has surged from 9% in 2016 to 38%, or 1.3mn students, this year.

Uzbekistan’s first unicorn Uzum to launch a second funding round and fuel faster growth

Ben Aris in Berlin December 10, 2024

Uzum is Uzbekistan’s leading tech giant and has doubled in size since its launch in 2022. It already raised $144mn this year, giving it a valuation of over $1bn that makes it the country’s first ever unicorn, and now will go for a second round.

CSTO states express serious concern over terrorist threat in Afghanistan

bne IntelliNews December 1, 2024

Putin says country’s security situation stabilising, but killing of Chinese worker in Tajikistan in possible cross-border raid has raised anxiety.

Alisher Usmanov’s wealth shrinks by $7.29bn on falling markets

Ben Aris in Berlin November 26, 2024

The Uzbek-born Russian billionaire Alisher Usmanov has seen his wealth drop by $7.29bn in 2023, according to Bloomberg’s billionaires Index. As of November 24, his net worth stood at $13.8bn.

EBRD warns of risks for emerging markets pursuing industrial policies

Clare Nuttall in Glasgow November 26, 2024

Industrial policy is back "with a vengeance” but can have a distorting effect, EBRD chief economist Beata Javorcik told bne IntelliNews

COP29: Central Asian states losing arable land

Eurasianet November 25, 2024

Almost one-third of Tajikistan’s farmland in “critical” condition.

UAE arrests three Uzbeks in Rabbi Kogan murder

bne Gulf bureau November 25, 2024

The United Arab Emirates has published photographs of three Uzbek nationals arrested in connection with the murder of Rabbi Zvi Hakohen Kogan.

INTERVIEW: Asian Infrastructure Investment Bank financing Central Asia’s green future

bne IntelliNews November 25, 2024

The Chinese-owned multilateral development bank, Asian Infrastructure Investment Bank (AIIB), has become a major player in Eurasia and a driving force between driving sustainable development in the region.

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