The Frankfurt am Main Regional Court has revoked the validity of search warrants used to raid the luxury home of Uzbek-born Russian tycoon Alisher Usmanov, Der Spiegel reported on May 26.
Heavy investment into a few mega projects means that power-hungry Uzbekistan now has about 2.6 GW of green energy capacity, ahead of Kazakhstan – the first country in Central Asia to invest into renewable power.
Some observers conclude, however, that the big event produced lots of rhetoric and little action.
The Uzbek government is planning to privatise several state-owned enterprises by floating their shares on the Tashkent Stock Exchange (TSE) and has turned its attention to getting them ready, but the market remains narrow and shallow.
Uzbek official cited as saying “negotiations with the Afghan side are held on a regular basis, but in a closed mode so as not to disturb society”.
Beijing woos region at a time when Russia is too distracted by the Ukraine war to focus effectively on its backyard.
The Uzbek government is going to continue to focus on economic stability, bringing inflation down, making the country more attractive to international investors and boosting trade with World Trade Organisation (WTO) membership.
Stans were eager for red carpet treatment. Notably, Russia was not invited.
International payments company believes Uzbekistan can be a hub for operations across Central Asia.
Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.
The Eurasian Development Bank (EDB) will host a conference for major investors in infrastructure and ESG project in Almaty, Kazakhstan on May 15-17 to promote inter-regional and sustainable investments as well as climate issues.
Uzbek president Shavkat Mirziyoyev is on a mission to attract foreign investment as part of his "New Uzbekistan" plan with his two-day visit to Germany in May already yielding billions of euros in new deals.
Russia will sell gas to the energy-hungry Uzbekistan by reversing the flow of the Soviet-era gas pipeline network that used to transport Turkmen gas to Russia.
The leaders of Central Asia's five republics plus Armenia's PM arrived in Moscow to stand by Putin for the annual May 9 Victory Day parade, despite strong US pressure to downgrade and even break ties with Russia where possible.
Uzbek President Shavkat Mirziyoyev has called a snap presidential election on July 9, to establish a fresh mandate following a controversial change to the constitution.
The Council of Foreign Ministers meeting of the Shanghai Cooperation Organisation (SCO) met in Goa and saw old rivals try to put aside their rivalries in an effort to build a more co-ordinated coalition of developing countries.
The President Tech Award is worth $1,000,000 in total, with each category winner receiving cash prizes of up to $100,000, and second and third place getting $50,000 and $30,000 respectively.
President of Uzbekistan Shavkat Mirziyoyev was in Germany for the first time to meet with Chancellor Olaf Scholz and deepen commercial and trade ties with Europe on May 3.
Plans are underway to supply Uzbekistan with gas sourced from Russia via the Middle Asia-Centre gas pipeline, Uzbek Energy Minister Jurabek Mirzamahmudov said on May 1 at an investment conference.
The winds of change are blowing strong in Uzbekistan as President Shavkat Mirziyoyev announced a series of sweeping reforms aimed at opening up the country's economy and attracting foreign investment with emphasis on green energy.