The share price of Uzbek insurance company Universal Sugurta rose 200,000% in the first two months of this year, only to collapse again in March. It looks like a classic "pump and dump" play, but for the nascent market that's probably a good thing.
After their sitting moribund for two and half decades, Uzbek President Shavkat Mirziyoyev has just launched a major reform of the Uzbek capital markets that could transform financing in the republic.
Coffee chain to join KFC, Wendy’s and Baskin Robbins among big Western names on Tashkent city streets. Russia’s Shokoladnitsa and Black Star Burger have also arrived.
A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.
Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.
Case of NovoLine Resources tarnishes already controversial reputation of British corporate governance.
Miraziz Bazarov had criticized the government’s refusal to decriminalize same-sex relations.
Production plants forced into stoppages after pandemic-led surge in demand for electronics from locked down populations squeezes semiconductor supplies.
Still very early days for Uzbekistan’s bourse. Investors need “fast, transparent and reliable data,” says US SEC commissioner.
The number of media outlets has expanded after President Shavkat Mirziyoyev called for the press to play a more prominent role in society, but old habits die hard after a prominent blogger was arrested after he exposed a price-fixing scam.
The EU says there are few hurdles left to clear but human rights groups say Uzbekistan will need much closer monitoring.
With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.
Tashkent regional chief’s investment presentation to president turns out to be a rather dodgy construction.
Uzbekistan’s external debt was 16% of GDP in 2015. By the end of 2020, it was 36.5%, with the government pointing to social demands that need addressing urgently.
Despite the COVID crunch, Uzbekistan’s borrowing has blossomed. Tajikistan appears headed for trouble.
Emerging Europe has a growing number of female politicians taking a stand against corruption and authoritarianism.
Privatisation efforts in Uzbekistan are moving to a practical level. The newly appointed State Asset Management Agency head has started to implement the presidential decree on privatisation with a new zeal.
Three companies say they plan to set up production of electric scooters at the Kokand free economic zone.
Different retirement ages for men and women lead to lower pensions for women despite reforms in 2019-2020, says World Bank report.
Russian giant, now sixth largest taxpayer in Central Asian country, has stepped up its cooperation with Tashkent.