Uzbekistan

Uzbekistan Explores Participation in Nakhchivan Railway Construction
Uzbekistan is considering participation in the construction of the Nakhchivan railway to gain access to Turkish ports in Samsun and Istanbul, the presidential press service said following a meeting chaired by Shavkat Mirziyoyev.

Uzbekistan and South Korea Prepare $12 Billion in Investment Projects
Following talks between Shavkat Mirziyoyev and Lee Jae-myung, prospective projects worth $12 billion and an $8 billion program with the Export-Import Bank of Korea have been prepared.

OTS Countries to Create Unified Digital Economic Platform
A digital partnership agreement has already been signed, with the parliaments of Azerbaijan, Turkey and Uzbekistan having ratified it. The process continues in other countries.

ABB Acquires 51% of Uzbekistan's Davr Bank for $140 Million
The International Bank of Azerbaijan has acquired a controlling stake in Davr Bank for about 1.65 trillion soums, valuing the entire bank at approximately $280 million.

Alisher Samadov Appointed Chairman of Uzbekistan's Accounts Chamber
President of Uzbekistan signed a decree appointing Alisher Samadov as Chairman of the Accounts Chamber, the presidential press secretary reported.

Uzbekistan and Hong Kong Discuss Financing for Tashkent–Samarkand Highway
Uzbekistan's Transport Minister held talks with a Hong Kong official on attracting investment for the construction of a toll road and developing air connectivity.

Uzbekistan and India Target $5 Billion Trade by 2030
Leaders of Uzbekistan and India have agreed on a comprehensive strategic partnership and increasing bilateral trade to $5 billion by 2030.

Aliev Congratulates Mirziyoyev on 35th Anniversary of Uzbekistan's Independence
President of Azerbaijan Ilham Aliev sent a congratulatory letter to President of Uzbekistan Shavkat Mirziyoyev on the occasion of the 35th anniversary of the country's independence.

Uzbekistan and Azerbaijan to Discuss Energy Cooperation
In early September, an Uzbek delegation led by the Energy Minister will visit Azerbaijan for talks on implementing joint energy tasks.

Uzbekistan and Russia to Introduce Electronic Permits for Freight Transport by 2026
Uzbekistan's Ministry of Transport plans to implement an e-permit system for international freight road transport with Russia and Belarus by the end of 2026.

Uzbekistan and Azerbaijan to Increase Flights to 40 per Week
Uzbekistan's Transport Minister Ilkhom Makhkamov announced plans to increase the number of flights between the two countries from 18 to 40 per week, as well as agreements on developing the Middle Corridor and resuming ferry service.

Azerbaijan's ABB enters Uzbekistan market via partnership with Davr Bank
Azerbaijan's Economy Minister Mikayil Jabbarov announced that the country's largest bank, ABB, is entering the Uzbekistan market through a partnership and acquisition of a stake in Davr Bank.

Number of Active Enterprises in Uzbekistan Reaches 601,276
As of August 1, 2026, the number of active enterprises and organizations in Uzbekistan reached 601,276, reflecting continued expansion of the country's entrepreneurial base and recovery in business activity.

Uzbekistan and Azerbaijan Target $1 Billion Trade Turnover by 2030
Uzbekistan's Minister of Investments and Azerbaijan's ambassador discussed expanding trade and investment cooperation, including preparing a 'Roadmap' and a program to increase trade turnover to $1 billion by 2030.

Asia Alliance Bank to Issue $20M Foreign Currency Bonds
Uzbekistan's Asia Alliance Bank plans to place dollar-denominated bonds worth $20 million with a 7% annual coupon and a three-year maturity.

Uzbekistan and Malaysia to Discuss Insulin and Vaccine Production
The Director of Uzbekistan's Agency for the Development of the Medical and Pharmaceutical Industry held talks with Malaysian company GREENTACT HEALTHCARE on localizing insulin and HPV vaccine production.

Uzbekistan and Iran Prepare 29 Joint Projects and Business Forum in Tashkent
Uzbekistan and Iran are implementing 29 joint projects and will hold a business forum in Tashkent on November 26–27. Trade turnover rose 37.5% to $305 million in the first half of the year.

Uzbekistan Discusses Long-Term Jet A-1 Fuel Supplies with China
Uzbekneftegaz and the Chinese Embassy discussed the possibility of long-term supplies of Jet A-1 aviation fuel from China to diversify imports.

Uzbekistan Power Grid Accident Causes Outages Across Central Asia
A power grid accident in Uzbekistan led to electricity outages in Kyrgyzstan, Kazakhstan, and Tajikistan. Energy workers are restoring power supply.

4th Azerbaijan-Uzbekistan Interregional Forum to Be Held in Tashkent on August 22
The 4th Interregional Forum of Azerbaijan and Uzbekistan will take place in Tashkent on August 22, aimed at developing trade, economic, and investment cooperation.

Uzbekistan and Qatar's Al Alfia Holding Discuss Chemical and Oil & Gas Projects
Uzbekistan plans to attract Qatari company Al Alfia Holding to joint projects in the chemical and oil & gas sectors, including localization of lubricants and equipment production.

Kazakhstan and Uzbekistan Discuss Development of Transport Corridor on Border with China
Representatives of the transport ministries of Kazakhstan and Uzbekistan conducted a joint inspection of infrastructure facilities on the Kazakh-Chinese border to increase cargo flow.

Uzbekistan and South Korea Aim to Double Trade to $4 Billion
Uzbekistan and South Korea plan to create a joint working group to increase bilateral trade to $4 billion per year, said Uzbek Deputy Prime Minister Jamshid Khodjayev.

Uzbekistan Tightens Measures to Stabilize Oil and Gas Market
President Shavkat Mirziyoyev has ordered increased production, reserve building, and uninterrupted supplies amid rising demand.