Economics Hot News

30 May 14:47

Uzbekistan and Kazakhstan sign comprehensive roadmap for trade and economic cooperation.

Uzbekistan and Kazakhstan have formalized a major action plan to boost their trade and investment relations during a high-level diplomatic gathering in Astana..

30 May 14:40

Small businesses in Uzbekistan granted major tax relief and automated VAT refunds.

A newly issued presidential decree, titled “On creating more favorable economic and administrative conditions for the growth of small business entities,” has introduced sweeping tax reliefs and structural changes aimed at easing the burden on entrepreneurs in Uzbekistan. .

30 May 14:36

Russia boosts liquefied gas supplies to Uzbekistan amid rising regional energy demand.

Uzbekistan has significantly increased its imports of liquefied petroleum gas (LPG) from Russia during the first four months of this year. Out of the 537,000 tons of liquefied gas exported by Russia to Central Asian countries between January and April 2026, Uzbekistan accounted for 231,000 tons. This represents a 3.5–fold increase compared to the same period last year..

29 May 16:21

China's Spring Airlines may launch direct flights to Uzbekistan.

Chinese low-cost carrier Spring Airlines may enter Uzbekistan’s aviation market..

Economics News

Uzbekistan's industrial output grows 7.8% in early 2026.

Uzbekistan produced UZS 394.7 trillion worth of industrial goods in the first four months of 2026, up 7.8% on the same period last year, according to data published by the National Statistics Committee on 26 May. The figures point to broad-based growth across the country's regions and major sectors, with manufacturing leading the way..

29 May 12:25

Uzbekistan imports $508 million in natural gas over four months as domestic demand shifts.

Uzbekistan continued to be a net importer of natural gas during the first four months of 2026, with import volumes comfortably outstripping exports. Data from the National Statistical Committee reveals that between January and April, gas imports from Turkmenistan and Russia rose by 53.6% to reach $508.3 million. .

29 May 11:50

Uzbekistan finalizes WTO accession negotiations with India.

Uzbekistan has successfully wrapped up its bilateral market access negotiations with India, marking another step forward in its bid to join the World Trade Organization..

29 May 11:40

Uzbekistan to raise VAT and corporate income tax transition threshold for small businesses to nearly $417,000

Uzbekistan will raise the threshold for small businesses to transition to VAT and corporate income tax from 1 billion soums (about $83,400) to 5 billion soums (nearly $417,000) starting from 1 June. The proposal was approved by president Shavkat Mirziyoyev.

29 May 05:26

Businesses to get simplified VAT refunds and easier reporting error corrections

President of Uzbekistan approved proposals to reduce the burden on businesses. These include automatic refund of negative VAT balances for low-risk entrepreneurs, removal of temporary suspension of VAT payer certificates and the right to correct reporting errors.

29 May 05:23

UzAuto Motors loses its majority grip on Uzbekistan's car market.

For the first time, UzAuto Motors has fallen below a 50% share of Uzbekistan's car market. Data covering January–April 2026 shows the company held a 47.8% share of total sales – a striking reversal for a brand that commanded around 90% of the market just two years ago..

28 May 17:29

New Tashkent airport negotiations begin as Uzbekistan targets 20 million passengers.

Negotiations with design and contracting organizations for the New Tashkent international airport are currently under way, according to information presented to President Shavkat Mirziyoyev on 26 May at a briefing on transport infrastructure development..

28 May 16:12

Ten trucks and a trade house: Uzbekistan moves into the Syrian market, eyes $100–150 million in exports.

Uzbekistan is preparing to dispatch its first consignment of goods to the Syrian market, with ten truckloads of products set to be shipped following an agreement reached between Uzbek and Syrian companies..

28 May 15:18

Uzbekistan's foreign trade tops $26 billion in early 2026, but trade deficit widens.

Uzbekistan's total foreign trade turnover reached $26.3 billion in the first four months of 2026, up 5.8% compared to the same period last year, according to preliminary data published by the National Statistics Committee. The headline figure, however, masks a deepening trade imbalance: imports surged while gold-driven export revenues fell sharply, pushing the trade deficit to .

28 May 14:23

UzNEX loses operating license as Uzbekistan pulls the plug on crypto exchange.

Uzbekistan's National Agency for Perspective Projects (NAPP) has revoked the operating license of UzNEX, one of the country's most prominent cryptocurrency exchanges, following a request from its parent company, Kobea Group..

28 May 14:05

Uzbekistan eyes 1.4 GW coal power plant in Angren.

President Shavkat Mirziyoyev on 26 May reviewed a presentation on introducing market mechanisms, scaling up production, and launching new investment projects in Uzbekistan's coal industry..

28 May 13:52

Chinese firm wins $2.18 billion tender to build Tashkent–Samarkand toll road.

A Chinese company has been selected through a tender process to build the Tashkent–Samarkand toll motorway, the Minister of Transport Ilhom Mahkamov announced in an interview with Uzbekistan 24 TV channel. Contract negotiations are currently under way, with construction scheduled to begin in July 2026..

28 May 13:48

Chinese partners to fund Tashkent infrastructure push under $3.5 billion agreement.

Tashkent has secured investment and export agreements worth more than $3.5 billion at the Third Uzbek-Chinese Interregional Forum, held in Xi'an, China..

28 May 13:22

Uzbekistan plans five new reservoirs to harness floodwaters and expand farmland.

Uzbekistan will construct five mudflow reservoirs starting in 2027, according to a presidential decree on measures to ensure the effective use of mudflow and floodwaters. The initiative aims to make better use of seasonal floodwaters, improve irrigation coverage, and open up additional agricultural land..

28 May 12:58

Uzbekistan resumes gold exports after six-month pause.

After halting shipments in the aftermath of September 2025, Uzbekistan has resumed exports of non-monetary gold, earning $1.5 billion in the first four months of 2026, with the bulk of sales concentrated in April..

28 May 12:55

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