Friday, 08, August, 2025
Friday, 08, August, 2025
The Ministry of Economy and Finance has unveiled the Uzbekistan’s Fiscal Strategy 2028. It has extended the timelines of privatization of the four largest state-owned banks of Uzbekistan - Uzsanoatqurilishbank, Asakabank, Aloqabank and Turonbank.
The authorities plan to review tax incentives, simplify taxation of small businesses, improve VAT refunds and switch to "green taxation". These measures are envisaged in the Fiscal Strategy 2026-2028, unveiled by the Ministry of Economy and Finance.
Uzbekistan’s collected tax revenues increased by 20% in H1 of 2025, reaching UZS 102.6 trillion, or $8 billion, the State Tax Committee said in a report. This marks a growth of UZS 16.8 trillion compared to the same period last year.
The Cabinet of Ministers by its July 23 Resolution has increased the monetary limit of compulsory motor third party liability insurance (MTPL), the National Agency for Prospective Projects (NAPP) said.
In the first half of 2025, Uzbekistan's international trade topped $37 billion, an increase of 16.1% (by $5.1 billion) compared to the same period last year, the National Statistics Committee said in a report Wednesday.
The Uzbekistan GDP grew by 7.2% in the first half of 2025 (last year, it had grown by 6.6% during the same period), and this is an indicator that the country's economy is moving into a sustainable expansion mode. the National Statistics Committee said in a report.
Uzbek Ambassador Alisher Tukhtayev met with Pakistani Minister of Petroleum Ali Pervaiz Malik. Reportedly, the parties discussed the oil and gas sector cooperation between the two countries, and promising joint projects.
The Chinese Baibuting Group Co., Ltd. laid the ground for the $1.8 billion renewable energy project in the Akhangaran district of Tashkent province Sunday, the provincial governor’s office said.
Uzbekistan's gold and foreign exchange reserves fell to $48.55 billion in June, the Central Bank said.
Uzbekistan’s GDP is projected to grow by 6.5 percent by the end of 2025. the Eurasian Development Bank said in a report on Thursday.
The World Bank’s latest Country Economic Memorandum for Uzbekistan analyzes the country’s economic trajectory from 2010 to 2022. The report notes Uzbekistan’s progress in economic reforms while highlighting key challenges and recommendations to accelerate the growth of the domestic economy and private sector.
In spite of rising gas imports from Russia and Turkmenistan in May, Uzbekistan's export volumes more than doubled compared to the same period in 2024.
Fitch Ratings has upgraded Uzbekistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB', from 'BB-' with Stable Outlook.
The Senate at its meeting today passed amendments, abolishing double taxation on import of a number of goods and services as part of the process of joining the World Trade Organization (WTO).
The International Monetary Fund called on Uzbek authorities to take steps to expand the tax base and restore the ratio of tax revenue in GDP, the IMF mission said in a conclusion.
Uzbekistan's international trade topped $31.3 billion in January-May 2025. This is by $4.93 billion or 15% more than in the same period in 2024.
The president Shavkat Mirziyoyev has set the goal of reducing losses and erecting power-efficient equipment at large industrial enterprises. the chairman of Uzbekneftegaz Bakhodir Siddiko told the Uzbekistan 24 TV channel today.
The president Shavkat Mirziyoyev familiarized himself with a presentation on steps to provide large industrial enterprises with "green" energy Monday, the presidential press service said.
Major rare metals development projects were showcased by the Uzbek authorities at the international conference MINEX Central Asia 2025, which opened in Tashkent.
The installed capacity of Uzbekistan’s power has reached 25 GW "in a short period of time" growing by 50%, the Deputy PM Jamshid Khodjaev announced on June 19 at the St. Petersburg International Economic Forum.