Fitch Ratings has affirmed Uzbekistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-’ with a Stable Outlook. Uzbekistan’s ratings balance robust external and fiscal buffers, low government debt and a record of high growth relative to ‘BB’ rated peers against high commodity dependence, high inflation and structural weaknesses in terms of low GDP per capita…

President Shavkat Mirziyoyev arrived in the Syrdarya region on 7 October, where he got acquainted with the activities of the joint venture “Sirdaryo Mega Lux”. Last year, the production of large-capacity polypropylene bags was launched here. These bags, also known as flexible containers, can carry loads between 500 and 5,000 kilograms. They are widely used…

For two and a half years since the establishment of the Ministry of Energy of the Republic of Uzbekistan, 18 investment agreements in the electric power industry have been signed for the construction and commissioning of power plants with a total capacity of 7,331 MW by 2025 (this is 50% of the current power generation…

The President of Siemens in Russia and Central Asia Alexander Liberov visited Uzbekistan. During the visit, he held a number of meetings with the company’s partners in the field of industrial production, transport and electrical engineering. One of the key goals of the visit is to discuss the implementation of the strategic agreements signed earlier…

On 30 September, Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov held negotiations with Vice-President of the World Bank for Europe and Central Asia Anna Bjerde to discuss the current state and prospects for deepening further cooperation. The results of the implementation of the World Bank’s…