Uzbekistan
Turkmenistan: A shining city in a book of records
Russia is proposing a major reconfiguration of the Central Asian gas market. Eurasianet’s weekly Turkmenistan briefing.
Global wage growth fails to beat inflation for the first time in 20 years
The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.
The legendary Silk Road city of Samarkand gets a tourism upgrade
“Samarkand is as old as time” but the Uzbek government has invested heavily in the hospitality infrastructure to improve the appeal of this legendary Silk Road city to the international traveller.
bneGREEN: Energy efficiency investment turns the corner in 2022, but more is needed
Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.
UzAuto Motors launches subscription campaign for third IPO in Uzbekistan's history
Automaker is preparing to list as one of a series of People's IPOs of major Uzbek enterprises.
Russia proposes Kazakhstan and Uzbekistan join “gas union”
Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.
EBRD warns of risk of 'zombification'
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Europe woos Central Asia as Russia’s appeal wanes
EU’s foreign policy chief is latest high-level Western official to visit Central Asia.
bneGREEN: Climate paralysis at COP27 as no progress made on 1.5 degrees
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
World population hits 8bn. Where do we go from here?
Greying of populations big dilemma for developed countries. Share of people on planet aged 65 years or above projected to rise from 10% now to 16% in 2050.
Uzbekistan’s “People’s IPO” stars are ready for listing
In the remaining months of this year Uzbekistan hopes to hold its first three major IPOs in carmaker UzAvto, metallurgical business UzMetKombinat and the leading mortgage bank in the country Qishloq Qurilish Bank (QQB).
INTERVIEW: Orient group investing into Uzbekistan's growing population and investment-friendly climate
Uzbekistan’s Orient Group has emerged as one of the largest multi-sector conglomerates in Uzbekistan with interests in real estate, banking, retail and agriculture. Now it is getting ready to tap in the international capital market.
bneGREEN: Gas has potential to derail COP27’s green ambitions
Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.
INTERVIEW: Giorgi Paresishvili, chairman of Tashkent Stock Exchange
In January 2016 Paresishvilli successfully plugged Georgia into the international capital markets when it hooked up to the international settlement and clearing system of Clearstream. Now he intends to do do the same with the Tashkent Stock Exchange.
Uzbekistan said to be lobbying for lifting of sanctions on Russian billionaire Usmanov
Uzbekistan is lobbying the EU to pull sanctions on the Uzbek-Russian billionaire, with the issue having been put on the agenda of recent meetings between Uzbek and EU officials, the Financial Times has reported citing unnamed sources.
Uzbekistan showcases IT progress at ICT Week 2022 in Samarkand
Uzbekistan's ICT Week 2022 was a chance for the country to showcase the results of its ambitious economic reform programme under President Shavkat Mirziyoyev. The World Bank has stated that Uzbekistan is undergoing an "unprecedented transformation".
Central Asia: Chinese cars race ahead
Sanctions on Russia are helping China expand its market share in the region.
Xalq Retail, the people’s supermarket
Xalq Retail (which means “People’s retail” in Uzbek) was only set up in 2020 and has 10 stores but intends to become the leading supermarket chain in the Central Asian market that is home to tens of millions of people.
Eurasian central bank governors battling inflation with mixed success
Inflation appears to be under control in Uzbekistan and to have peaked in Georgia and Armenia, but with prices still rising in Kazakhstan the regulator is ready to raise rates “as much as necessary,” the countries' central bank governors said.
CENTRAL ASIA BLOG: Private Capital to play a leading role in creating the New Uzbekistan
The second Uzbekistan Economic Forum held on November 4-5 in Samarkand was a big success. Businessmen and investors travelled from all over the world to come and see for themselves what is now probably the best investment story in Eurasia.
