Friday, 17, July, 2026
Friday, 17, July, 2026
The Hairatan–Mazar-i-Sharif railway line's fifth station has officially resumed operations following a major reconstruction. The first commercial freight train arrived at the station as part of the project's launch.
The Gazli Oil and Gas Production Department of Uzbekneftegaz recently hosted a meeting to review natural gas production levels, address field-specific challenges, and discuss strategies to boost output. The session was chaired by Abdugani Sanginov, the Chairman of Uzbekneftegaz.
The entry of international energy giant BP into the production sharing agreement (PSA) for the North Ustyurt blocks will accelerate the project's timeline and elevate it to a much higher technological standard, Nodir Mukhiddinov, Chief Geologist of Uzbekneftegaz, told reporters on May 13.
According to the National Statistics Committee, Uzbekistan's inflation rate for April stood at 0.6% (or 0.5% under the new calculation methodology).
President Shavkat Mirziyoyev today hosted the CEO of the Azerbaijani company SOCAR, Rovshan Najaf, along with British Petroleum (BP) executives Ariel Flores and Giovanni Cristofoli. The executives traveled to Uzbekistan to attend the Uzbekistan Energy Week – 2026 forum, the presidential press service said.
A Livestock and Pasture Development Agency will be established under the Ministry of Agriculture. It will be formed on the basis of the existing Veterinary and Livestock Development Committee. This initiative was announced during the government meeting chaired by the president focused on improving governance in food safety and supporting the livestock sector.
In the first month of this spring, central banks around the world sold a combined 66 tonnes of gold, according to the latest report from the World Gold Council (WGC).
The Anti-Corruption Agency has conducted an analysis of tax and customs exemptions utilized in 2025, based on data provided by the Tax and Customs Committees.
At a press conference on Wednesday, the Central Bank governor Timur Ishmetov addressed the potential impact of a global gold price drop on the currency market and inflation. He also clarified why Uzbekistan paused its gold exports during the first quarter.
Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group's latest Commodity Markets Outlook. Overall commodity prices are forecast to rise 16% in 2026, driven by soaring energy and fertilizer prices and record-high prices for several key metals.
Rising inflation in Uzbekistan threatens to negate the benefits of economic growth and rising household incomes, President Shavkat Mirziyoyev warned during a meeting Friday.
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.