According to data from the Central Bank, the volume of foreign direct investment (FDI) increased 2.5 times in the first half of this year. From January to June, the volume of decentralized investments in Uzbekistan’s economy increased by 38.7%, which contributed to an overall investment growth of 32.7%. In the first half of the year,…
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TST Group is poised to diversify its operations with the setting up of a subsidiary textile cluster in Azerbaijan, the press service of the Uztekstilsanoat said. Negotiations between TST Group and officials of the Agency for Development of Economic Zones of Azerbaijan took place on Monday, during the visit of an Uzbek delegation led by…
There are about a thousand electronics production units in Uzbekistan. While, almost all enterprises of the industry are privately owned, with the total number of people employed in the industry standing over 35 thousand people. Reportedly, the New Uzbekistan Development Strategy for 2022-2026 has an item to increase by the year 2026 the volume of…
In the first half of 2024, the economies of Uzbekistan’s main trading partners showed positive dynamics. Kazakhstan’s GDP grew by 3.3%, Kyrgyzstan’s by 8.1%, China’s by 5%, and Russia’s by 5% for January-May. Inflation in Uzbekistan accelerated: prices rose by 5.2% compared to December last year, and the consumer price index in June increased by…
Referring to the countrywide recent havoc and atrocities, Prime Minister Sheikh Hasina today said that she had an apprehension there might be a strike like this by the BNP-Jamaat clique to pull down the country’s prosperity. “They (BNP-Jamaat) had wanted not to hold the elections, but we had arranged the elections. After the election they…