Monday, 15, June, 2026
Monday, 15, June, 2026
Uzbekistan’s GDP growth accelerated to 8.7% in the first quarter of the year, president Shavkat Mirziyoyev announced during the government meeting today. This marks a significant jump of 1.9 percentage points compared to the 6.8% growth recorded during the same period in 2025.
During the first quarter of 2026, remittances to Uzbekistan continued their upward trajectory, reaching a total of $3.79 billion, the Central Bank said in a review.
Uzbekistan’s economy demonstrated remarkable strength in 2025. Driven by robust consumption and investment, real GDP growth reached 7.7 percent, while the unemployment rate declined by 0.7 percentage points to 4.8 percent.
Russia is set to increase its supply of oil and natural gas to Uzbekistan. This announcement was made by Russian Prime Minister Mikhail Mishustin during the sixth meeting of the Joint Commission between the heads of government of the two nations.
In the first quarter of 2026, Uzbekistan’s utility-scale solar and wind power plants generated a combined 2.368 billion kWh of electricity, the Ministry of Energy said.
In 2026, economic growth in the developing countries of Europe and Central Asia (ECA) is likely to slow substantially this year because of the impact of the conflict in the Middle East, geopolitical tensions, and trade fragmentation, says the World Bank Group's ECA Economic Update, released this week.
Uzbekistan’s gold and foreign exchange reserves dipped to $68.99 billion as of April 1, 2026, marking the first decline since last July, according to the latest Central Bank data. A sharp 10.5% contraction in March—amounting to an $8.1 billion decrease—effectively wiped out the gains accumulated since the start of the year.
In the first quarter of 2026, Uzbekistan's electricity generation saw a 7% uptick compared to the same period last year, the Ministry of Energy said in a statement.
President Shavkat Mirziyoyev reviewed a proposal aimed at streamlining tax administration and overhauling the operations of Uzbekistan's tax authorities Monday.
In the fourth quarter of 2025, labor migrants remitted $5 billion to Uzbekistan, marking a 39.8% increase compared to the same period last year. This data was highlighted in the labor market review published by the Central Bank.
The Minister of Investment, Industry and Trade Laziz Kudratov hosted a delegation from Rothschild & Co led by the Baroness Ariane Malard de Rothschild, the ministry said.
In 2025, gross wages grew by 18.9%, while real wage growth stood at 9.3%. The average monthly salary reached approximately 6.4 million UZS, the Central Bank said in the Labor Market Review.
President Shavkat Mirziyoyev was presented with a report on steps to achieve projected economic figures for the Q1 of 2026 and to mitigate the impact of global market instability on the Uzbek economy.
The Uzbekistan-Afghanistan Business Council held its first meeting on March 26 in Tashkent. The delegations were led by the chairmen of the respective Chambers of Commerce and Industry, Davron Vakhabov and Muhammad Karim Hashimi.
Meetings between the chief of the Migration Agency Behzod Musayev, Minister of Agriculture Ibrokhim Abdurakhmonov, Italy's Minister of Agriculture Francesco Lollobrigida and executives of the Confagricoltura organization, resulted in significant deals regarding the recruitment of Uzbeks for Italian agricultural jobs.
President Shavkat Mirziyoyev was briefed on steps aiming to stabilize oil and gas production and to develop new fields at a presentation Wednesday.
At its today's meeting, the BOD of the Central Bank decided to keep the interest rate at 14% per annum, the Bank’s press service said.
Uzbekistan aims to increase production of gold to 175 tons, of silver to 500 tons, of uranium to 15 thousand tons, and of copper to 500 thousand tons by 2030, the presidential spokesman Sherzod Asadov said on his Facebook channel commenting the president Mirziyoyev’s inauguration of the AMMC's Copper Concentrator No 3.
Today, Shavkat Mirziyoyev attended the inauguration ceremony of the Copper Concentrator No. 3 at the Almalyk Mining and Metallurgical Combine, the presidential press service said.
President Shavkat Mirziyoyev has given directives to ensure Uzbekistan’s maximum energy independence, the chief of Project Office for Expediting Oil and Gas Reforms at the Presidential Administration Bekhzot Narmatov stated.