Category Archives: Economy & finance

Salaries, pensions and benefits to increase in Uzbekistan: what will change from July 1 and September 1, 2026

The government will increase salaries, pensions, scholarships and social benefits under Presidential Decree No. PF-115, signed on June 23, 2026. Some changes will take effect on July 1, while others will come into force on September 1. Pensions and benefits to rise by 7% from July 1 Starting July 1, 2026, pensions, social benefits, child

Central Bank publishes anti-ranking of banks by number of customer complaints

The Central Bank of Uzbekistan has published a list of commercial banks with the highest customer complaint index for the first quarter of 2026. According to the regulator, the index shows how the share of complaints about a bank submitted to the Central Bank and other government agencies compares with the bank’s share of customers

Agreement signed for public-private partnership on new Tashkent airport

Uzbekistan Airports and an international consortium led by Saudi Arabia’s Vision Invest have signed a public-private partnership (PPP) agreement for the construction and operation of a new international airport in Tashkent, the company said on June 17. The consortium also includes Japan’s Sojitz Corporation and South Korea’s Incheon International Airport Corporation. The agreement was signed

Uzbekistan Airways cuts flights to Russia due to fuel shortage

Uzbekistan’s national carrier, Uzbekistan Airways, has announced a reduction in flight frequencies on several routes to Russia, citing a shortage of aviation fuel and rising fuel costs. The airline announced the upcoming changes on June 12. According to its statement, the reductions will affect certain routes between cities in Uzbekistan and the Russian Federation. However,

China takes first place: Over 19,000 foreign-capital enterprises now operating in Uzbekistan

The number of foreign-invested enterprises in Uzbekistan continues to grow. According to the National Statistics Committee, as of May 1, 2026, there were 19,490 enterprises with foreign capital operating in the country — 1.4 times more than five years ago. At the same time, the structure of foreign business has changed significantly. Over the past

Salaries in Uzbekistan rise 17.4%, but gap between sectors and regions remains stark

The average monthly nominal accrued salary in Uzbekistan reached 6.83 million soums in January–March 2026, up 17.4% compared to the same period last year. The figures were published by the National Statistics Committee in a new press release attached below (in Russian). Salary growth has continued for several consecutive years. According to the agency, the

Uzbekistan to tighten control over bank transfers and card transactions

The Central Bank of Uzbekistan and the Department for Combating Economic Crimes under the General Prosecutor’s Office have adopted amendments to the rules of internal control in commercial banks, significantly expanding requirements for monitoring money transfers, bank card transactions, and customer identification. The document (in Russian, attached below) was signed on April 15–16, 2026, registered

Uzbekistan expands hydropower to reduce dependence on gas and coal

Uzbekistan is accelerating the development of hydropower in an effort to reduce dependence on natural gas and coal. President Shavkat Mirziyoyev on Wednesday reviewed a comprehensive sector development plan that envisages large-scale construction of new capacity and expansion of hydropower infrastructure. A key structural shift in the energy mix remains limited: hydropower currently accounts for

Central Bank of Uzbekistan strengthens accounting of foreign exchange operations and updates rules for their execution

The Board of the Central Bank of Uzbekistan has adopted a resolution introducing amendments to the rules governing foreign exchange operations. The document is dated March 30, 2026, and was registered with the Ministry of Justice on April 22 under number 3281-5 (attached below in Uzbek). The resolution enters into force on the date of