Uzbekistan

Turkmenistan: A shining city in a book of records

Akhal-Teke: A Eurasianet Bulletin December 7, 2022

Russia is proposing a major reconfiguration of the Central Asian gas market. Eurasianet’s weekly Turkmenistan briefing.

Global wage growth fails to beat inflation for the first time in 20 years

Statista December 6, 2022

The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.

The legendary Silk Road city of Samarkand gets a tourism upgrade

Daniel Rad in Samarkand December 4, 2022

“Samarkand is as old as time” but the Uzbek government has invested heavily in the hospitality infrastructure to improve the appeal of this legendary Silk Road city to the international traveller.

bneGREEN: Energy efficiency investment turns the corner in 2022, but more is needed

Richard Lockhart in Edinburgh December 2, 2022

Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.

UzAuto Motors launches subscription campaign for third IPO in Uzbekistan's history

Muzaffar Ismailov in Tashkent December 1, 2022

Automaker is preparing to list as one of a series of People's IPOs of major Uzbek enterprises.

Russia proposes Kazakhstan and Uzbekistan join “gas union”

Muzaffar Ismailov in Tashkent November 30, 2022

Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.

EBRD warns of risk of 'zombification'

Robert Anderson in London November 22, 2022

Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.

Europe woos Central Asia as Russia’s appeal wanes

Joanna Lillis for Eurasianet November 21, 2022

EU’s foreign policy chief is latest high-level Western official to visit Central Asia.

bneGREEN: Climate paralysis at COP27 as no progress made on 1.5 degrees

Richard Lockhart in Edinburgh November 21, 2022

COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.

World population hits 8bn. Where do we go from here?

bne IntelIiNews November 15, 2022

Greying of populations big dilemma for developed countries. Share of people on planet aged 65 years or above projected to rise from 10% now to 16% in 2050.

Uzbekistan’s “People’s IPO” stars are ready for listing

Ben Aris In Samarkand November 15, 2022

In the remaining months of this year Uzbekistan hopes to hold its first three major IPOs in carmaker UzAvto, metallurgical business UzMetKombinat and the leading mortgage bank in the country Qishloq Qurilish Bank (QQB).

INTERVIEW: Orient group investing into Uzbekistan's growing population and investment-friendly climate

Ben Aris in Tashkent November 12, 2022

Uzbekistan’s Orient Group has emerged as one of the largest multi-sector conglomerates in Uzbekistan with interests in real estate, banking, retail and agriculture. Now it is getting ready to tap in the international capital market.

bneGREEN: Gas has potential to derail COP27’s green ambitions

Richard Lockhart in Edinburgh November 11, 2022

Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.

INTERVIEW: Giorgi Paresishvili, chairman of Tashkent Stock Exchange

Ben Aris in Samarakand November 10, 2022

In January 2016 Paresishvilli successfully plugged Georgia into the international capital markets when it hooked up to the international settlement and clearing system of Clearstream. Now he intends to do do the same with the Tashkent Stock Exchange.

Uzbekistan said to be lobbying for lifting of sanctions on Russian billionaire Usmanov

bne IntelIiNews November 10, 2022

Uzbekistan is lobbying the EU to pull sanctions on the Uzbek-Russian billionaire, with the issue having been put on the agenda of recent meetings between Uzbek and EU officials, the Financial Times has reported citing unnamed sources.

Uzbekistan showcases IT progress at ICT Week 2022 in Samarkand

bne IntelliNews November 9, 2022

Uzbekistan's ICT Week 2022 was a chance for the country to showcase the results of its ambitious economic reform programme under President Shavkat Mirziyoyev. The World Bank has stated that Uzbekistan is undergoing an "unprecedented transformation".

Central Asia: Chinese cars race ahead

Joanna Lillis for Eurasianet November 9, 2022

Sanctions on Russia are helping China expand its market share in the region.

Xalq Retail, the people’s supermarket

Ben Aris in Samarakand November 9, 2022

Xalq Retail (which means “People’s retail” in Uzbek) was only set up in 2020 and has 10 stores but intends to become the leading supermarket chain in the Central Asian market that is home to tens of millions of people.

Eurasian central bank governors battling inflation with mixed success

Ben Aris In Samarkand November 7, 2022

Inflation appears to be under control in Uzbekistan and to have peaked in Georgia and Armenia, but with prices still rising in Kazakhstan the regulator is ready to raise rates “as much as necessary,” the countries' central bank governors said.

CENTRAL ASIA BLOG: Private Capital to play a leading role in creating the New Uzbekistan

Ben Aris in Peterborough November 7, 2022

The second Uzbekistan Economic Forum held on November 4-5 in Samarkand was a big success. Businessmen and investors travelled from all over the world to come and see for themselves what is now probably the best investment story in Eurasia.

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