Kazakhstan plans to begin importing electricity from Tajikistan using Uzbekistan’s transit capacity, according to the press service of Kazakhstan’s Ministry of Energy. In 2023, Kazakhstan and Tajikistan signed a memorandum of understanding that includes electricity supplies from the Rogun Hydroelectric Power Station from 2023 to 2032. The Rogun Hydroelectric Power Station is an under-construction hydroelectric facility in…

On Thursday, August 29, the Central Bank updated the prices for gold bars and commemorative coins. The price of one gram of the precious metal reached 1,061,660 UZS, rising by 0.8% in a single day. A 5-gram gold bar is now valued at 5.266 million UZS. Over the past month, gold prices have set new records five…

In surveys conducted among entrepreneurs, 38 percent expressed a desire to obtain resources based on Islamic finance principles. This was revealed during a public dialogue with entrepreneurs, where President Shavkat Mirziyoyev also mentioned that last month, microfinance institutions were authorized to provide services based on Islamic terms. “If the prepared draft law is adopted, banks…

The Competition Promotion and Consumer Protection Committee has initiated a case against “Uzbekneftegaz,” according to a statement from the committee’s press secretary, Otabek Usmanov. The capital’s branch of the committee reviewed two tenders by the state company on the government procurement portal, each for 4.8 billion UZS. The committee found violations by “Uzbekneftegaz” of Article 29 of…