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…

Beeline Uzbekistan’s Southwest Branch has expanded its coverage area in the region and connected the under-construction MTO Gas Chemical Complex in Bukhara Region to the network. Several thousand specialists will work at the facility, and in the future, one of the world’s largest polymer production plants will be launched there.  The Karakul SEZ is located…

According to EastFruit analysts, the watermelon market in Uzbekistan and Central Asia is currently facing significant challenges. Producers are reporting a lack of demand, leading many to leave their watermelons unharvested in the fields. Some have resorted to harvesting watermelons solely to feed them to livestock. EastFruit’s wholesale price monitoring indicates that small wholesale prices for fresh…

A Presidential Decree “On Measures to Improve the Financial and Economic Status of Enterprises in the Cotton Industry” was signed. According to the Decree, the following measures are outlined to financially rehabilitate cotton-textile clusters: Clusters that fully repay the concessional loans provided by commercial banks for cotton cultivation in 2023 using funds from the State…