The Asian Infrastructure Investment Bank (AIIB) and the Republic of Uzbekistan have signed a US$108-million loan to electrify the Bukhara-Miskin-Urgench-Khiva railway line. The agreement was signed on the sidelines of the Tashkent International Investment Forum 2022 held earlier in March by AIIB Vice President, Investment Operations (Region 2) Konstantin Limitovskiy and Uzbekistan Deputy Prime Minister,…

Fly Khiva Group LLC, a private airline jointly with Azerbaijani airlines Azal, is launching a direct flight on the Baku-Tashkent-Baku route from 2 April 2022. Flights from the capital of Azerbaijan will be carried out once a week – on Saturdays on an A-320 aircraft, with a business and economy class layout. Travel time will…

UzAuto Motors exported the first batch of Spark cars to Lebanon. This was reported by the press service of the company. UzAuto Motors has started cooperation with one of the largest car dealers in Lebanon – IMPEX. On the last day of March, the company sent a batch of 54 Spark LT AT vehicles to…

Uzbekistan and Tajikistan are launching three new bus routes. The Tajik enterprise “Asia Group Tajikistan” will start experimental international bus transportation from 2 April. The first trial flights will be carried out on the routes “Penjikent – Samarkand”, “Dushanbe – Termez” and “Dushanbe – Denau”. This was reported by the press service of the Ministry…

The European Bank for Reconstruction and Development (EBRD) has downgraded its forecast for Uzbekistan’s economic growth in 2022. According to the bank’s experts, the growth of the economy of Uzbekistan in 2022 will be 4%. Earlier, the bank predicted that Uzbekistan’s GDP would grow by 6% this year. The EBRD notes that the conflict in…