Uzbekistan

US and Chinese slowdown will tip the world into recession, says IIF

bne IntelliNews July 2, 2022

The worsening economic data coming out of the US and yet another coronavirus lockdown in China will tip the world into a global recession, the Institute of International Finance (IIF) said in a note on July 1.

Protesters march in Uzbekistan’s Karakalpakstan to defend right to secession

bne IntelliNews July 2, 2022

Rare show of public dissent prompted by Uzbekistan’s ongoing constitutional reforms.

FPRI BMB Ukraine: Central Asia surprisingly neutral on Russian war in Ukraine

Alexander Thomas for FPRI BMB Ukraine June 30, 2022

To the surprise of many, each of the Central Asian Republics has maintained a neutral stance on Russia’s military operations in Ukraine.

Uzbekistan hit twice in a week by Ukraine war sanctions

bne IntelIiNews June 30, 2022

Tashkent loses bank deal and suffers blow as company accused by US of supplying microchips to Russian military-industrial complex.

A maze of smuggler tunnels: the Kyrgyzstan-Uzbekistan border

Ayzirek Imanaliyeva for Eurasianet June 28, 2022

The four smuggling tunnels found so far may only be a small part of the total.

Death of China-to-Russia cargo transit routes means it’s all aboard for Kazakhstan

Nizom Khodjayev in Almaty June 25, 2022

Vladimir Putin wants to reorientate Russian trade east and south. To some extent, such a strategy will be complicated by an avoid-Russia-at-all-costs mentality drawing commerce to a ‘Middle Corridor’.

bneGREEN: Coal investment remains major threat to green dream

Richard Lockhart in Edinburgh June 24, 2022

An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.

COMMENT: Why replenished ties between Uzbekistan and Turkey suit both Tashkent and Ankara

Fuad Shahbazov June 23, 2022

For the Uzbeks, the strategic relationship helps with the balancing act between the big powers. For the Turks, it builds regional influence in line with the pan-Turkic agenda.

CEE inflation spreading across whole region, set to last for years

Ben Aris in Berlin June 22, 2022

Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.

Book review | China’s “detached” power

Maximilian Hess for EurasiaNet June 21, 2022

A new book exposes the hollowness of many Western assumptions about China’s role in Central Asia.

World hit by interest rate and inflation shock says IIF

Ben Aris in Berlin June 20, 2022

The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.

Uzbekistan’s IT sector on fire and targeting the vast US market

Ben Aris in Berlin June 18, 2022

One country’s brain drain is another country’s gain. In the competitive business of IT outsourcing, Uzbekistan wants to wind up on the right side of that equation.

As Russian economy sputters, UK lures Central Asian labour migrants

Joanna Lillis for Eurasianet June 17, 2022

More than 7,000 Kyrgyz nationals applied for seasonal farming jobs in Britain

ASH: Welcome to the new age of inflation

Timothy Ash Senior Sovereign Strategist at BlueBay Asset Management in London June 17, 2022

The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.

COMMENT: Uzbekistan’s constitutional reforms are for the people

Odiljon Tojiev Deputy Speaker of Uzbekistan’s parliament in Tashkent June 14, 2022

Every modern constitution claims to speak for the public. “We the People,” the US Constitution famously begins. Uzbekistan’s own Soviet era constitution, passed in 1978, declared grandly that “all power” belonged to the people. It didn’t.

Uzbekistan, Russia's Rosatom discuss 'cost optimisation' for nuclear plant

Muzaffar Ismailov in Tashkent June 13, 2022

Tashkent indicates it has concerns that the project may not be economically feasible.

'Sugar rush' in Uzbekistan as prices skyrocket

Muzaffar Ismailov in Tashkent June 13, 2022

Officials say logistics difficulties have hit Brazilian sugar cane deliveries. Queues causing tensions as sugar resellers attempt to capitalise.

Artel becomes largest private company to place bond on Tashkent Stock Exchange

Muzaffar Ismailov in Tashkent June 13, 2022

Artel Electronics, Central Asia’s leading electronics and home appliances manufacturer, achieves corporate bond milestone in Uzbekistan.

bneGREEN: UN stresses green issues are key to reducing poverty and boosting sustainability

Richard Lockhart in Edinburgh June 11, 2022

Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.

CENTRAL ASIA BLOG: Whisper it, but work on 25-year-old China-Kyrgyzstan-Uzbekistan railway project may finally start

Aida Kadyrzhanova in Almaty June 10, 2022

Freight dispatchers desire to avoid sanctioned Russia may have motivated Chinese officials to get a move on.

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