Uzbekistan’s draft state budget for 2025, now open for public review, reveals plans to focus on economic growth, infrastructure, and social sector enhancements. The budget anticipates a 6% GDP growth rate alongside an inflation rate hovering around 7%, with the state aiming to maintain the budget deficit at 49.3 trillion UZS, or 3% of GDP.…
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On October 23-24, a working trip was organized with the support of the Uzbek Embassy to Islamabad, Rawalpindi and Karachi of Pakistan for a business delegation, led by the leadership of the Chamber of Commerce and Industry of Uzbekistan. Business forum took place in Rawalpindi during the visit. At the forum, the parties agreed to…
The Cabinet of Ministers of Kyrgyzstan has approved an initial investment of $14 million towards the construction of the China-Kyrgyzstan-Uzbekistan railway. This allocation will serve as the first contribution from Bishkek to the project company’s charter capital, according to a report by 24.kg. Photo: Dunyo Kyrgyz Prime Minister Akylbek Japarov signed the directive authorizing this…
The European Bank for Reconstruction and Development (EBRD) may provide funding for the construction of a major railway linking China, Kyrgyzstan, and Uzbekistan, according to Uzbekistan’s Ministry of Transport. On November 12, Mamanbiy Omarov, Uzbekistan’s First Deputy Minister of Transport, held a meeting with an EBRD delegation led by Ekaterina Miroshnik, Director of Eurasian Infrastructure at the…
The agreement between Masdar and Uzbekistan’s Ministry of Energy was finalized during the COP29 climate conference, marking a major step forward in the country’s push for sustainable energy solutions. This new plant is projected to generate 3.5 billion kWh of electricity annually, equivalent to saving approximately 1 billion cubic meters of natural gas each year. The construction…