Thursday, 02, October, 2025

Economy

Uzbekistan's external debt increased by $8.1 billion over the first six months, reaching $72 billion, the Central Bank said in a report today.

Uzbekistan's international trade from January to August 2025 topped $51.4 billion, an increase of 19.8% (an increase of $8.5 billion) compared to the same period last year,  the National Statistics Committee said in a report.

The Ministry of Energy and the China National Petroleum Corporation (CNPC) signed a memorandum of cooperation for an underground gas storage facility (UGS) project, the Ministry of Energy's press service said.

World's largest cost of living database Numbeo provided data on cost of living in Tashkent city. According to Numbeo, estimated monthly costs for a family of four, excluding rent, stands at 22,884,236 soums, or 1880 USD, and 6.4 million soums for a single person.

During his visit to New York, the President Shavkat Mirziyoyev hosted the CEOs of major US mining companies Monday, the presidential press service said today.

Uzbekistan sold $8.42 billion worth of gold in January-August 2025, recording a 68.9% increase in value to the same period last year ($4.99 billion), the National Statistics Committee said in a report.

Uzbekistan intends to perform its commitment to halve poverty ahead of schedule and completely eliminate absolute poverty by international standards by 2030, announced the President Shavkat Mirziyoyev at the Road to Prosperity international forum today in Namangan.

The Europe-Uzbekistan Association for Economic Cooperation (EUROUZ), in partnership with Infrasia Capital and Finasia Capital, and with the support of the National Association of Investment Institutions (NAII), the Institute for Macroeconomic and Regional Studies (IMRS), and the Chamber of Commerce and Industry of Uzbekistan, convened the high-level forum “Uzbekistan’s Green Transition & Access to Global Finance: Experience of SOEs and Implications for Private Businesses.”

During a meeting with teachers on Monday in Bostanlyk district of Tashkent province, the President Shavkat Mirziyoyev underscored a significant increase in the volume of minerals production, including gold and uranium.

The Central Bank's BOD decided to keep the interest rate at 14% per annum at its meeting today, the Bank’s press service said.

The president Shavkat Mirziyoyev familiarized himself with a presentation on measures to create a value chain in agriculture Thursday, the presidential press service said.

Uzbekistan's public debt reached $43.38 billion as of July 1, having increased by $785 million in April-June, the Ministry of Economy and Finance said in a report.

Photovoltaic, wind, and hydropower plants now stand for 21.5% of total power generation. Year-to-date, the volume of power produced by PV and wind power plants has surpassed 7 billion kWh (PV plants - 4.36 billion kWh, wind farms - 2.64 billion kWh), the Ministry of Energy said.

The Japanese corporation Sojitz will invest $200 million for the new Tashkent international airport project, the company president Kosuke Uemura told the Uzbekistan 24 TV channel.

The Ministry of Employment and Poverty Reduction commented on plans to increase fines for illegal hiring practices Monday.

In the presence of the Minister of Energy, Joʻrabek Mirzamahmudov., contracts for four electricity projects between UzbekEnergoSotish (Power Sale) and Afghanistan’s Da Afghanistan Breshna Sherkat (DABS) were signed today, August 17, 2025, at the Afghan Government Media and Information Center. The signing ceremony was also attended by Deputy PM for Economic Affairs, Mullah Abdul Ghani Baradar Akhund.

At a government meeting on the development of the textile industry Wednesday, the President Shavkat Mirziyoyev instructed to increase exports of ready-made garments to the markets of Europe and the United States, the president’s spokesman Sherzod Asadov said.

The President Shavkat Mirziyoyev reviewed the presentation of proposals for water resources management and development of the irrigation sector Tuesday, the presidential press service said.

At a government meeting today, the President Shavkat Mirziyoyev discussed the ways to further support the textile industry, which makes 3% of GDP and 14% of the country's industrial output.

The Ministry of Economy and Finance has unveiled the Uzbekistan’s Fiscal Strategy 2028. It has extended the timelines of privatization of the four largest state-owned banks of Uzbekistan - Uzsanoatqurilishbank, Asakabank, Aloqabank and Turonbank.