SQB Bank will receive loans of up to $25 million to support youth entrepreneurship. Micro, small and medium enterprises (MSMEs) in Uzbekistan led by young entrepreneurs will have greater opportunities to grow thanks to a US$25 million (€21.9 million) loan from the European Bank for Reconstruction and Development (EBRD) to SQB, the country’s second largest…

The AEM-Spetsstal metallurgical plant in St. Petersburg, part of the machine-building division of the Russian state corporation Rosatom, has begun manufacturing the reactor equipment for the first power unit of the small-scale nuclear power plant (SSNPP) project in Uzbekistan. Metallurgists have cast the first steel of the future RITM-200N reactor unit. The process was presented…

According to the presidential press service, discussions covered the full spectrum of issues related to strengthening and expanding the strategic partnership between Uzbekistan and Pakistan. At the start of the meeting, Prime Minister Shehbaz Sharif expressed sincere gratitude to President Mirziyoyev for the warm and hospitable reception. The leaders of both countries welcomed the dynamic development…

At the end of 2023, the company signed an agreement with the Ministry of Investments, Industry, and Trade and the Ministry of Energy of Uzbekistan to build a 2 GW wind power plant and energy storage facilities across the country. The total project cost is estimated at $2.6 billion. “We have divided the project into…

Between September 2024 and April 2025, Kazakhstan exported 7.6 million tons of newly harvested wheat – a 58% increase compared to the same period of the 2023–2024 season. Uzbekistan emerged as the largest importer, purchasing 2.7 million tons, which is nearly 30% more than in the previous season. Tajikistan ranked second, importing 1.1 million tons…