Economy
Economy
Construction Begins on TULPOR Tractor Plant in Ferghana
Construction has officially commenced on a plant for the production of agricultural machinery under the TULPOR brand in the city of Kuvasay, Ferghana region, within …
Three Major Investment Projects Worth US$35 Million Launched in Ferghana Region
The Ferghana region has launched the implementation of several large-scale investment projects, which officially commenced in the Kuvasay zone of …
Fitch Upgrades Uzbekistan’s Sovereign Rating to 'BB' with Stable Outlook
International rating agency Fitch Ratings has upgraded Uzbekistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘BB-’ to ‘BB’, assigning a …
Uzbekistan Airways Expands Fleet: New Airbus A321neo Aircraft to Arrive in 2026
In 2026, the national airline Uzbekistan Airways will expand its fleet with the addition of two modern narrow-body Airbus A321neo …
Sale of ‘Khiva Lokomotiv’ Hotel Moved to E-auksion Due to Low Demand
Uzbekistan’s Agency for State Asset Management has announced a change in the mechanism for selling the "Khiva Lokomotiv" hotel.
EDB Forecasts 6.5% Economic Growth for Uzbekistan in 2025
Uzbekistan’s economy is expected to grow by 6.5% in 2025, according to the updated macroeconomic forecast released by the Eurasian …
Turnover of Major Retail Chains in Uzbekistan Exceeds 7.1 Trillion Soums in Five Months
In the first five months of 2025, the combined turnover of major retail chains in Uzbekistan surpassed 7.1 trillion soums, …
Uzbekistan and Italy Strengthen Cooperation in the Leather Industry
Uzbekistan’s leather and footwear industry continues to intensify its efforts to enter the European market, taking concrete steps toward integration …
China’s Xianfeng to Launch Footwear Production in Uzbekistan
Against the backdrop of strengthening economic ties between Uzbekistan and China, official negotiations were held in Tashkent with representatives of …
Citigroup to Open Representative Office in Tashkent
Citigroup to Open Representative Office in TashkentOn 25 June 2025, a meeting was held at the Ministry of Investment, Industry …