Weekend reading: Uzbekistan's new high-speed railway system is making it easier to visit key Silk Road destinations, including Samarkand, Bukhara, and Khiva.
https://www.travelandleisure.com/how-to-see-uzbekistan-silk-road-by-train-11745862
https://www.travelandleisure.com/how-to-see-uzbekistan-silk-road-by-train-11745862
Travel + Leisure
The New Trains in Central Asia Travel Back in Time to Breathtaking Sights Along the Silk Road
Uzbekistan’s cultural gems are becoming more accessible with new trains. Photographer Francesco Lastrucci discovers enchanting mosques and the locals’ genuine hospitality as he tours the Silk Road by rail.
Moody's upgraded the forecast on Uzbekinvest JSC (UZIN) rating from Stable to Positive following the sovereign rating action.
https://www.moodys.com/research/null-Moodys-Ratings-changes-outlook-on-Uzbekinvest-to-positive-following-sovereign-Rating-Action--PR_1000011612
https://www.moodys.com/research/null-Moodys-Ratings-changes-outlook-on-Uzbekinvest-to-positive-following-sovereign-Rating-Action--PR_1000011612
The gold deposit with approximate 20 tons of reserves will be auctioned.
https://www.gazeta.uz/ru/2025/06/20/gold/
https://www.gazeta.uz/ru/2025/06/20/gold/
Газета.uz
Месторождение золота с запасами в 20 тонн в Кашкадарье выставят на аукцион
На площади 100 га в Китабском районе выявлены запасы золота объёмом 20 тонн (около $2,15 млрд по текущим котировкам). Президент поручил выставить месторождение на аукцион, а также начать геологоразведку на пяти перспективных участках. В Мубареке планируется…
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Trade turnover of Central Asian states with China is growing, which will reach $100bln this year according to estimations.
https://president.uz/en/lists/view/8232
https://president.uz/en/lists/view/8232
Ўзбекистон Республикаси Президенти
President of Uzbekistan puts forward initiatives for expanding multifaceted cooperation with China
On June 17 President of the Republic of Uzbekistan Shavkat Mirziyoyev took part in the second “Central Asia – China” summit in the city of Astana.
w20062025.pdf
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A weekly digest of news and overview of stock exchange trading results.
w20062025bi.pdf
306.2 KB
Bi-weekly overview of stock exchange trading and news.
Uzbekistan seeks to establish West–South transport axis to expand regional trade routes.
https://thediplomat.com/2025/06/why-uzbekistan-seeks-to-establish-a-west-south-transport-axis/
https://thediplomat.com/2025/06/why-uzbekistan-seeks-to-establish-a-west-south-transport-axis/
Thediplomat
Why Uzbekistan Seeks to Establish a West-South Transport Axis
Uzbekistan’s involvement in servicing transport and transit flows to Europe is minimal, presenting ample opportunities for development.
China Eximbank signs $500mln deal to finance Uzbek telecom infrastructure.
https://www.spot.uz/ru/2025/06/22/china-eximbank/
https://www.spot.uz/ru/2025/06/22/china-eximbank/
Spot
Эксимбанк Китая выделит Узбекистану кредит на $500 млн на развитие телекоммуникаций
Минтранс обсудил с китайской стороной финансирование строительства платных дорог и закупки электробусов.
240‑hectare Miraki complex near Shakhrisabz attracts $400mln and 1,700 permanent roles
https://www.spot.uz/ru/2025/06/20/miraki/
https://www.spot.uz/ru/2025/06/20/miraki/
Spot
Под Шахрисабзом в Мираки строится туристический комплекс за $400 млн
Президент призвал расширять спектр услуг, отметив потенциал для круглогодичного туризма.
ACWA Power raises $280mln debt for 200MW wind & 100MW battery project in Karakalpakstan ($650mln total).
https://www.spot.uz/ru/2025/06/20/acwa-power/
https://www.spot.uz/ru/2025/06/20/acwa-power/
Spot
ACWA Power привлекла $280 млн на строительство ветроэлектростанции в Каракалпакстане
Саудовская компания запустила ветряную электростанцию стоимостью $650 млн в Бухарской области.
Uzbekistan to launch 5 small hydro power stations (24.7 MW) and 416 micro-plants (12 MW) in Kashkadarya by 2025.
https://www.spot.uz/ru/2025/06/20/hydroelectricity/
https://www.spot.uz/ru/2025/06/20/hydroelectricity/
Spot
В Узбекистане в 2025 году заработают пять новых малых ГЭС на 24,7 МВт
В Кашкадарье построят 416 микро-ГЭС с кинетическими турбинами, которые будут использовать поток воды в арыках и каналах.
Emerging-market pivot: JPMorgan recommends Uzbek sovereign debt over Dubai bonds
https://www.tradingview.com/news/invezz:aef4de2a3094b:0-jpmorgan-prefers-uzbekistan-over-dubai-s-real-estate-bonds-here-s-why/
https://www.tradingview.com/news/invezz:aef4de2a3094b:0-jpmorgan-prefers-uzbekistan-over-dubai-s-real-estate-bonds-here-s-why/
TradingView
JPMorgan prefers Uzbekistan over Dubai’s real estate bonds: here’s why
JPMorgan Chase and other fund managers are swarming into emerging markets as volatility clouds global financial assets amidst the escalating Israel-Iran conflict, according to a recent Bank of America survey.Emerging markets were hit rather significantly…
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New $78mln initiative between Vision Invest, SUEZ and the Ministry of Ecology aims to industrialize hazardous waste treatment and fuel production.
https://timesca.com/uzbekistan-signs-78-million-deal-with-saudi-and-french-firms-to-manage-hazardous-waste/
https://www.gazeta.uz/ru/2025/06/23/waste/
https://timesca.com/uzbekistan-signs-78-million-deal-with-saudi-and-french-firms-to-manage-hazardous-waste/
https://www.gazeta.uz/ru/2025/06/23/waste/
The Times Of Central Asia
Uzbekistan Signs $78 Million Deal with Saudi and French Firms to Manage Hazardous Waste
Uzbekistan has signed a landmark $78 million agreement with Saudi Arabia’s Vision International Investment Company (VIIC) and France’s Suez International to
Moody’s upgrades outlook on six Uzbek state banks to Positive, affirming Ba3 rating.
https://www.moodys.com/research/Moodys-Ratings-takes-rating-actions-on-six-state-owned-banks-in-Rating-Action--PR_508512
https://www.moodys.com/research/Moodys-Ratings-takes-rating-actions-on-six-state-owned-banks-in-Rating-Action--PR_508512
AME International allocates $15mln to open private children’s clinic in Kokand.
https://www.spot.uz/ru/2025/06/23/ame-kokand/
https://www.spot.uz/ru/2025/06/23/ame-kokand/
Spot
AME International планирует открыть в Коканде частную детскую клинику
В ней будут работать отделения педиатрии и онкологии. Стоимость проекта составит $15 млн.
Mikrokreditbank JSCB (MCBA) secures $50mln from ODDO BHF to support Uzbek SMEs.
https://mkbank.uz/en/press_center/news/mikrokreditbank-atb-ix-germaniya-o-zbekiston-biznes-forumi-doirasida-oddo-bhf-bank-bilan-50-million-/
https://mkbank.uz/en/press_center/news/mikrokreditbank-atb-ix-germaniya-o-zbekiston-biznes-forumi-doirasida-oddo-bhf-bank-bilan-50-million-/
JSCB “Microcreditbank”
Mikrokreditbank JSCB signs $50 million contract with ODDO BHF Bank within the framework of the IX German-Uzbek Business Forum
During the business forum, the Microcreditbank delegation held bilateral negotiations with a number of large German banks.
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S&P upgrades outlook on National Bank of Uzbekistan and KDB Uzbekistan Bank JSCB to Positive, affirms BB-/B ratings.
https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3379967
https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3379967
TBC Bank Uzbekistan JSCB attracted $12.5mln from the Dutch Triple Jump.
https://ffnews.com/newsarticle/funding/tbc-bank-uzbekistan-secures-12-5-million-from-dutch-impact-investor-triple-jump/
https://ffnews.com/newsarticle/funding/tbc-bank-uzbekistan-secures-12-5-million-from-dutch-impact-investor-triple-jump/
FF News | Fintech Finance
TBC Bank Uzbekistan Secures $12.5 Million from Dutch Impact Investor Triple Jump
TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces today it has secured $12.5 million from Dutch impact investor Triple Jump to further diversify its funding base and increase financial inclusion in Uzbekistan by accelerating the…