Uzbek Electrical Engineering industry produced $2.3bln in 2024, expanding eightfold in the last five years.
https://www.euronews.com/business/2025/05/27/now-a-regional-leader-uzbekistan-has-global-ambitions-for-its-electrical-engineering-secto
https://www.euronews.com/business/2025/05/27/now-a-regional-leader-uzbekistan-has-global-ambitions-for-its-electrical-engineering-secto
euronews
Uzbekistan’s electrical engineering sector has global ambitions
In this episode of Business Line Uzbekistan, we examine the country’s electrical engineering industry, taking stock of its remarkable progress and growth potential.
Mikrokreditbank JSCB (MCBA) to attract a $15mln syndicated loan from Halyk Bank of Kazakhstan and Altyn Bank to finance clients' foreign trade and support export-import activities.
https://www.spot.uz/ru/2025/05/29/mkbank/
https://www.spot.uz/ru/2025/05/29/mkbank/
Spot
«Микрокредитбанк» привлек $15 млн от Казахстанских банков
Основной целью привлечения средств стало расширение возможностей клиентов банка в сфере внешней торговли и поддержка их экспортно-импортной деятельности.
Cyber-fraud resulted in 1.9trln UZS (approx.$165mln) damage over 2021-2024.
https://www.gazeta.uz/ru/2025/05/29/cybercrime/
https://www.gazeta.uz/ru/2025/05/29/cybercrime/
Газета.uz
Ущерб от киберпреступлений в 2021−2024 годах в Узбекистане превысил 1,9 трлн сумов
В результате киберпреступлений в Узбекистане в 2021—2024 годах были похищены средства граждан на сумму свыше 1,9 трлн сумов. По данным МВД, 98% составляют преступления, связанные с банковскими картами.
Chinese CRRC Group to supply 50 locomotives to Uzbekistan Railways JSC.
https://www.gazeta.uz/ru/2025/05/29/locomotive/
https://www.gazeta.uz/ru/2025/05/29/locomotive/
Газета.uz
Узбекистан закупит у Китая 50 маневровых тепловозов
Президент поручил «Узбекистон темир йуллари» заключить контракт с китайской CRRC на поставку 50 тепловозов, сообщил глава компании Зуфар Нарзуллаев. До конца года поручено завершить электрификацию линии Нукус — Мискин, а также строительство ж/д из Ташкента…
Mitsubishi Heavy Industries to help to develop ways of modernization of the turbines at the power-stations on hydrogen co-firing.
https://fuelcellsworks.com/2025/05/27/energy-development/uzbekistan-and-mhi-to-jointly-explore-hydrogen-co-firing-for-power-sector-decarbonization
https://fuelcellsworks.com/2025/05/27/energy-development/uzbekistan-and-mhi-to-jointly-explore-hydrogen-co-firing-for-power-sector-decarbonization
Fuelcellsworks
Uzbekistan & MHI Team Up for Hydrogen Decarbonization Drive | Fuel Cells Works
MHI partners with Uzbekistan's Energy Ministry for a hydrogen co-firing study in power plants, aiming at decarbonization and enhancing energy stability.
Kambarata power station project could be facilitated.
https://interfax.com/newsroom/top-stories/111705/
https://interfax.com/newsroom/top-stories/111705/
Overview:
- Mr.Ilkhom Idiev increased his share in Multicard Payment JSC up to 21.1%;
- Mssrs. Amir-Said Kasimov (23.31%), Alisher Alimov (23.31%) and Baxtiyor Sharifkhodjaev (23.32%) increased their shares in Inson Insurance JSC (INSN);
- Milliy Banklararo Protsessing Markazi JSC (HUMO) established 100% subsidiary HUMO DIGITAL LLC;
- Mr.Ilkhom Idiev increased his share in Multicard Payment JSC up to 21.1%;
- Mssrs. Amir-Said Kasimov (23.31%), Alisher Alimov (23.31%) and Baxtiyor Sharifkhodjaev (23.32%) increased their shares in Inson Insurance JSC (INSN);
- Milliy Banklararo Protsessing Markazi JSC (HUMO) established 100% subsidiary HUMO DIGITAL LLC;
Weekend video: Interview with Nika Kurdiani, Chairman of the Board of TBC Bank Uzbekistan.
https://www.youtube.com/watch?v=OQrUglWpJhk
https://www.youtube.com/watch?v=OQrUglWpJhk
YouTube
Strategic M&A in Fintech: TBC Bank & Payme Uzbekistan.
How TBC Bank & Payme are transforming Uzbekistan's financial landscape. Join us for a special edition on what is most interesting in Fintech with Nodira Sadikova and our esteemed guest, Nika Kurdiani, CEO of TBC Group Uzbekistan.
We aim to delve into the…
We aim to delve into the…
👍2
Weekend reading: Uzbekistan ranked 60th for safety and stability.
https://www.economicsandpeace.org/wp-content/uploads/2024/06/GPI-2024-web.pdf
https://www.economicsandpeace.org/wp-content/uploads/2024/06/GPI-2024-web.pdf
Abu Dhabi sovereign investor Mubadala and national energy company TAQA acquire a 40% stake each in Uzbekistan's 875 MW TPP1 combined-cycle gas-fueled Talimarjan power plant, the remaining 20% held by Uzbekistan IES JSC.
https://www.zawya.com/en/business/energy/mubadala-taqa-complete-transaction-for-purchase-of-power-plant-in-uzbekistan-f5ytdg40
https://www.zawya.com/en/business/energy/mubadala-taqa-complete-transaction-for-purchase-of-power-plant-in-uzbekistan-f5ytdg40
Zawya
Mubadala, TAQA complete transaction for purchase of power plant in Uzbekistan
This transaction supports investments into the privatisation of Uzbekistan’s power sector
👏1
According to International Labor Organization (ILO), Uzbekistan has eliminated systemic forced and child labor in cotton production, aided by the Multi-Donor Trust Fund administered by the World Bank. Now Uzbekistan processes all raw cotton domestically, textile jobs have trippled to 600,000 since 2018, and wages continue rising.
https://www.worldbank.org/en/news/feature/2025/05/27/weaving-a-new-future-in-uzbekistan-s-cotton-sector
https://www.worldbank.org/en/news/feature/2025/05/27/weaving-a-new-future-in-uzbekistan-s-cotton-sector
World Bank
Weaving a New Future in Uzbekistan’s Cotton Sector
Uzbekistan has a long tradition in growing cotton. Today, it is among the world’s top 10 producers, with an annual production of about one million tons. The World Bank-administered Multi-Donor Trust Fund on Sustainable Cotton was pivotal in the elimination…
Banking NPL reached 4.2%, including 4.1% for the state-owned banks.
https://cbu.uz/ru/statistics/bankstats/2470527/
https://cbu.uz/ru/statistics/bankstats/2470527/
Центральный банк Республики Узбекистан
Информация о проблемных кредитах коммерческих банков по состоянию на 1 мая 2025 года
In May, Uzbekistan's monthly inflation rose to 1.5%, doubling from April, while annual inflation fell to a 12-month low of 8.7%. Food prices declined by 0.8% yet gas prices and electricity tariffs rose by 39.2% and 18.8% (average) respectively.
https://www.spot.uz/ru/2025/06/01/inflation-may25/
https://www.spot.uz/ru/2025/06/01/inflation-may25/
Spot
Месячная инфляция в мае выросла вдвое. При этом годовая — снизилась
При росте энергетических тарифов снизились цены на продукты питания и на авиаперелеты.
Uzbekistan successfully completed negotiations with the UK on its accession to the World Trade Organization. Protocol set to be signed on June 12th.
https://www.gazeta.uz/ru/2025/06/01/wto-uk-uzb/
https://www.gazeta.uz/ru/2025/06/01/wto-uk-uzb/
Газета.uz
Узбекистан завершил переговоры с Великобританией по вступлению в ВТО
По итогам переговоров в Лондоне Великобритания стала 24-й страной, с которой Узбекистан достиг договорённости в рамках присоединения к ВТО. Подписание протокола ожидается в июне.
👎2
Dear Clients,
Please, note that Friday, June 6th will be a Holiday and not a trading day due to a Qurbon Hayit (Eid al-Adha) holiday.
Please, note that Friday, June 6th will be a Holiday and not a trading day due to a Qurbon Hayit (Eid al-Adha) holiday.
👾1
w05302025.pdf
585 KB
A weekly digest of news and overview of stock exchange trading results.
SACE signs agreements in Uzbekistan worth more than 50mln EUR, including the MoU with Hududgaztaminot JSC and Texnopark.
https://www.sace.it/en/media/sace-signs-five-agreements-in-uzbekistan-and-kazakhstan-to-support-italian-exporters
https://www.sace.it/en/media/sace-signs-five-agreements-in-uzbekistan-and-kazakhstan-to-support-italian-exporters
Sace
SACE signs five agreements in Uzbekistan and Kazakhstan to support Italian exporters
As Part of the Italian Government Mission, SACE signs Agreements with Uzbekinvest, Imagro and Bering Servis, Pietro Fiorentini, Hududgaztaminot JSC and Texnopark, Halyk Bank Citi and Samruk Energy