Issue 1762 - 23.01.2025
23.01.2025

President of Uzbekistan meets with the Minister of Defense of the Russian Federation

On 22 January, President of the Republic of Uzbekistan Shavkat Mirziyoyev met with the Minister of Defense of the Russian Federation, Sergey Shoigu, who is on a visit to Uzbekistan.

At the beginning of the meeting, the head of the Russian defense ministry conveyed sincere greetings and best wishes from the President of the Russian Federation, Vladimir Putin, to Shavkat Mirziyoyev.

The talks focused on the further development of Uzbek-Russian relations, encompassing comprehensive strategic partnership and allied ties. Special attention was given to the implementation of agreements reached during the state visit of the President of Russia to Uzbekistan in May 2024.

Both sides emphasized the importance of deepening cooperation between the defense ministries of the two countries under the adopted programs and cooperation plans.

By UzDaily

Uzbekistan General

23.01.2025

Uzbekistan and Russia sign military strategic partnership program for 2026-2030

On Wednesday, key documents were signed in Tashkent that define the development of military cooperation between Russia and Uzbekistan: the 2025 Defense Ministries’ Interaction Plan and the Strategic Partnership Program in the Military Sector for 2026-2030.

The agreements were signed by the defense ministers of Russia and Uzbekistan, Andrey Belousov and...

On Wednesday, key documents were signed in Tashkent that define the development of military cooperation between Russia and Uzbekistan: the 2025 Defense Ministries’ Interaction Plan and the Strategic Partnership Program in the Military Sector for 2026-2030.

The agreements were signed by the defense ministers of Russia and Uzbekistan, Andrey Belousov and...

23.01.2025

Erkinjon Turdimov appointed as acting Khokim of Syrdarya region

By the decree of the President of the Republic of Uzbekistan, Erkinjon Turdimov has been appointed as the Acting Khokim (Governor) of Syrdarya Region. This was announced by the spokesperson for the head of state, Sherzod Asadov.

Erkinjon Turdimov, born in 1969, held the position of Khokim of Samarkand region from...

By the decree of the President of the Republic of Uzbekistan, Erkinjon Turdimov has been appointed as the Acting Khokim (Governor) of Syrdarya Region. This was announced by the spokesperson for the head of state, Sherzod Asadov.

Erkinjon Turdimov, born in 1969, held the position of Khokim of Samarkand region from...

23.01.2025

Saida Mirziyoyeva discusses preparations for EU–Central Asia Summit with EU Ambassador

Saida Mirziyoyeva, Assistant to the President of Uzbekistan, met with the European Union Ambassador to Uzbekistan, Toivo Klaar.

During the meeting, they discussed preparations for the upcoming EU–Central Asia Summit, scheduled to take place in Samarkand this April.

Ambassador Klaar reaffirmed the EU’s commitment to supporting Uzbekistan’s reforms aimed at enhancing legal...

Saida Mirziyoyeva, Assistant to the President of Uzbekistan, met with the European Union Ambassador to Uzbekistan, Toivo Klaar.

During the meeting, they discussed preparations for the upcoming EU–Central Asia Summit, scheduled to take place in Samarkand this April.

Ambassador Klaar reaffirmed the EU’s commitment to supporting Uzbekistan’s reforms aimed at enhancing legal...

Finance and Investment

23.01.2025

Economic development of Uzbekistan in 2024 assessed

In 2024, Uzbekistan's economy continued its dynamic growth. According to the Statistics Agency, the gross domestic product (GDP) in 2024 grew by 6.5% (in 2023 by 6.3%), which fully corresponds to the December forecast of the Center for Economic Research and Reforms (CERR).

During the period under review, moderate price growth was observed in Uzbekistan. The consumer price...

In 2024, Uzbekistan's economy continued its dynamic growth. According to the Statistics Agency, the gross domestic product (GDP) in 2024 grew by 6.5% (in 2023 by 6.3%), which fully corresponds to the December forecast of the Center for Economic Research and Reforms (CERR).

During the period under review, moderate price growth was observed in Uzbekistan. The consumer price...

23.01.2025

Uzbeks show ongoing preference for dollar over local currency

In Uzbekistan, US dollars are often the go-to choice for saving and making significant purchases, from homes to cars. While the soum (UZS) has gained more traction over the past decade, many still hesitate to trust the national currency's stability. This article delves into the underlying factors driving this ongoing...

In Uzbekistan, US dollars are often the go-to choice for saving and making significant purchases, from homes to cars. While the soum (UZS) has gained more traction over the past decade, many still hesitate to trust the national currency's stability. This article delves into the underlying factors driving this ongoing...

23.01.2025

Central Bank of Uzbekistan discusses financial sector development with Big Four

The leadership of the Central Bank of the Republic of Uzbekistan held a meeting with representatives from the largest international auditing firms, known as the ‘Big Four’: KPMG, Deloitte, Ernst & Young, and PricewaterhouseCoopers.

The meeting focused on discussing the prospects for the development of the country’s financial sector.

The Central Bank...

The leadership of the Central Bank of the Republic of Uzbekistan held a meeting with representatives from the largest international auditing firms, known as the ‘Big Four’: KPMG, Deloitte, Ernst & Young, and PricewaterhouseCoopers.

The meeting focused on discussing the prospects for the development of the country’s financial sector.

The Central Bank...

23.01.2025

Uzbekistan's VAT payer growth rate dropped by half in 2024

The State Tax Committee published a review of VAT payers registered for special tax accounting in Uzbekistan for 2024.

As of January 1, 2025, the number of VAT payers exceeded 201,000, representing a 5.7% increase compared to 2023, when slightly more than 190,000 companies were registered.

The overall growth rate was more...

The State Tax Committee published a review of VAT payers registered for special tax accounting in Uzbekistan for 2024.

As of January 1, 2025, the number of VAT payers exceeded 201,000, representing a 5.7% increase compared to 2023, when slightly more than 190,000 companies were registered.

The overall growth rate was more...

Agriculture

23.01.2025

Uzbekistan’s fruit and vegetable exports reach US$1.5 billion in 2024

In 2024, Uzbekistan exported 2 million tons of fruits and vegetables, generating US$1.5 billion in revenue, according to the Statistics Agency.

The main export destinations were the CIS countries, as well as nations in Asia and the Middle East.

Russia remains the leading importer, receiving 815.1 thousand tons of products worth US$632.9...

In 2024, Uzbekistan exported 2 million tons of fruits and vegetables, generating US$1.5 billion in revenue, according to the Statistics Agency.

The main export destinations were the CIS countries, as well as nations in Asia and the Middle East.

Russia remains the leading importer, receiving 815.1 thousand tons of products worth US$632.9...

Energy Industry

23.01.2025

Fitch affirms Uzbekistan’s Thermal Power Plants at BB-; outlook stable

Fitch Ratings has affirmed Uzbekistan-based electricity generation company Thermal Power Plants Joint Stock Company’s (TPP) Long-Term Issuer Default Rating (IDR) at ‘BB-’ with a Stable Outlook.

TPP’s rating is equalized with its parent Uzbekistan’s (BB-/Stable), reflecting that almost all of TPP’s debt is secured by government guarantees or provided by the...

Fitch Ratings has affirmed Uzbekistan-based electricity generation company Thermal Power Plants Joint Stock Company’s (TPP) Long-Term Issuer Default Rating (IDR) at ‘BB-’ with a Stable Outlook.

TPP’s rating is equalized with its parent Uzbekistan’s (BB-/Stable), reflecting that almost all of TPP’s debt is secured by government guarantees or provided by the...

Manufacturing industry

23.01.2025

Uzbekistan aims to achieve US$7 billion in textile exports by 2028

Uzbekistan plans to increase the volume of textile and garment exports to US$7 billion by 2028. 

President of Uzbekistan Shavkat Mirziyoyev has signed a decree aimed at developing the value chain in the textile and garment-knitting industry. The decree outlines key targets for 2025–2027. 

According to the decree, textile exports are projected...

Uzbekistan plans to increase the volume of textile and garment exports to US$7 billion by 2028. 

President of Uzbekistan Shavkat Mirziyoyev has signed a decree aimed at developing the value chain in the textile and garment-knitting industry. The decree outlines key targets for 2025–2027. 

According to the decree, textile exports are projected...

Communications and Transportation

23.01.2025

Uzbekistan named among Top 25 travel destinations for 2025 by BBC

Uzbekistan has been listed among the top 25 countries to visit in 2025, according to BBC. 

In its inaugural travel guide highlighting the best destinations for the year, BBC selected places that exemplify an opposite phenomenon. 

Each of the 25 destinations not only warmly welcomes visitors with unforgettable experiences but also leverages...

Uzbekistan has been listed among the top 25 countries to visit in 2025, according to BBC. 

In its inaugural travel guide highlighting the best destinations for the year, BBC selected places that exemplify an opposite phenomenon. 

Each of the 25 destinations not only warmly welcomes visitors with unforgettable experiences but also leverages...

23.01.2025

Cyber University to be established in Uzbekistan

On 20 January 2025, the President of Uzbekistan signed a resolution establishing Cyber University, a new state university.

The primary mission of the university will be to train highly qualified specialists in priority fields such as information and cybersecurity, digital technologies, the digital economy, robotics, and the development of automated information-analytical...

On 20 January 2025, the President of Uzbekistan signed a resolution establishing Cyber University, a new state university.

The primary mission of the university will be to train highly qualified specialists in priority fields such as information and cybersecurity, digital technologies, the digital economy, robotics, and the development of automated information-analytical...

Pharmaceutical and Healthcare News

23.01.2025

Uzbekistan, United Kingdom strengthen cooperation in healthcare

Uzbekistan and the United Kingdom are exploring opportunities to expand their partnership in the healthcare sector.

The Ambassador of Uzbekistan to the United Kingdom, Ravshan Usmanov, held a meeting with the CEO of the International Hospitals Group (IHG), Chester King. IHG is a leading British company specializing in the implementation of...

Uzbekistan and the United Kingdom are exploring opportunities to expand their partnership in the healthcare sector.

The Ambassador of Uzbekistan to the United Kingdom, Ravshan Usmanov, held a meeting with the CEO of the International Hospitals Group (IHG), Chester King. IHG is a leading British company specializing in the implementation of...

Regional News

23.01.2025

Trade turnover between Russia and China increases by 2% to $245 billion by end of 2024

The trade turnover between Russia and China, despite the difficulties in passing payments that arose over the past year, increased by 2%, or almost 5 billion US dollar, relative to the record in 2023 and reached 245 billion dollar, according to Chinese customs statistics.

The growth of mutual trade in 2024...

The trade turnover between Russia and China, despite the difficulties in passing payments that arose over the past year, increased by 2%, or almost 5 billion US dollar, relative to the record in 2023 and reached 245 billion dollar, according to Chinese customs statistics.

The growth of mutual trade in 2024...

23.01.2025

Russia's balance of payments adds pressure on rouble

The Bank of Russia has published the first assessment of the balance of payments and foreign trade for 2024. The surplus of trade and financial flows of the balance of payments amounted to $53.8 billion, which is 7.4% more than in 2023, but significantly less than both the October forecast...

The Bank of Russia has published the first assessment of the balance of payments and foreign trade for 2024. The surplus of trade and financial flows of the balance of payments amounted to $53.8 billion, which is 7.4% more than in 2023, but significantly less than both the October forecast...

23.01.2025

Russian market waits for Trump's decisive actions

The Russian stock market is stagnating today. Investors, apparently, are waiting for decisive actions by Donald Trump regarding the conflict between Russia and Ukraine. In the meantime, he has declared his readiness to meet with Russian President Vladimir Putin at any time he wants. In addition, Trump instructed his special...

The Russian stock market is stagnating today. Investors, apparently, are waiting for decisive actions by Donald Trump regarding the conflict between Russia and Ukraine. In the meantime, he has declared his readiness to meet with Russian President Vladimir Putin at any time he wants. In addition, Trump instructed his special...

23.01.2025

Russian government ready to restrict food exports for stability of domestic market

The Russian government is ready to restrict food exports if the situation does not favour the stability of the domestic market, Deputy Prime Minister Dmitry Patrushev said at the XVI Congress of the Union of Milk Producers in Moscow on Wednesday.

"The control over ensuring the economic availability of basic types...

The Russian government is ready to restrict food exports if the situation does not favour the stability of the domestic market, Deputy Prime Minister Dmitry Patrushev said at the XVI Congress of the Union of Milk Producers in Moscow on Wednesday.

"The control over ensuring the economic availability of basic types...

23.01.2025

Trading on Chinese stock exchanges ends with decline in quotations

Trading on Chinese stock exchanges ended today with a decline in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, decreased by 0.89%. compared to the results of the previous trading day, it reached 3,213.62 points.

The indicator of the Shenzhen component, which is an indicator of...

Trading on Chinese stock exchanges ended today with a decline in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, decreased by 0.89%. compared to the results of the previous trading day, it reached 3,213.62 points.

The indicator of the Shenzhen component, which is an indicator of...

23.01.2025

China's non-financial foreign direct investment increases by 10.5% in 2024

In 2024, China's non-financial foreign direct investment increased by 10.5%. On an annual basis, it reached $143.85 billion, according to data released on Tuesday by the Ministry of Commerce of the People's Republic of China.

They were made public at the all-China meeting on foreign investment, international cooperation and assistance to...

In 2024, China's non-financial foreign direct investment increased by 10.5%. On an annual basis, it reached $143.85 billion, according to data released on Tuesday by the Ministry of Commerce of the People's Republic of China.

They were made public at the all-China meeting on foreign investment, international cooperation and assistance to...

23.01.2025

China publishes TOP-10 scientific and technical achievements of country in 2024

The Chinese Academy of Sciences and the Chinese Academy of Engineering on Wednesday announced the country's top 10 scientific and technological achievements for 2024, including the Lunar exploration mission, a neuromorphic chip and a supermicroscope.

APK Vice-President Wu Zhaohui unveiled a list of the country's top 10 achievements in science and...

The Chinese Academy of Sciences and the Chinese Academy of Engineering on Wednesday announced the country's top 10 scientific and technological achievements for 2024, including the Lunar exploration mission, a neuromorphic chip and a supermicroscope.

APK Vice-President Wu Zhaohui unveiled a list of the country's top 10 achievements in science and...