Academics say nation's young post-Soviet generations need to discover the past to find out who they really are as they build a modern country. Memories of figures such as Tamerlane and the Uzbek who gave the world the zero are being revived.
As country opens up, tastiest of the low-hanging fruit is seen in the banking sector.
Uzbekistan, a young, hospitable country with a very ancient history, is the second most freely accessible nation in the world, Deputy PM Aziz Abdukhakimov told bne IntelliNews in an exclusive interview in front of ruins opened to tourists.
Uzbekistan has made huge strides under its new reform-minded leader. He’s pulling out all the stops. A “rabbit loans” scheme literally enabling poor people to buy bunnies for food and fur may have fizzled but for investors there's a hot scene.
Kazakh, Uzbek and Tajik currencies slide to new lows. Pressures include over-dependence on Russian economy and US-China trade war impacts. Oil price weakness hurts Kazakhstan.
Russia is not a growing market for international banking and capital market business at present. That's why people like to look for business and deal opportunities in smaller regional markets in the CIS region.
The Uzbek stock market is about to get a boost from a new law that will ease restrictions on the foreign ownership of bank shares that make up the bulk of trading on the exchange.
Five-percent restriction on rate movement cancelled with rates to “now be determined by the buyers and sellers”.