Tag Archives: economy

Russia and Uzbekistan target $30 billion trade turnover amid progress in nuclear energy

Russia and Uzbekistan intend to increase bilateral trade to $30 billion by 2030, prioritizing projects in nuclear energy and industrial cooperation. Russian Prime Minister Mikhail Mishustin and his Uzbek counterpart Abdulla Aripov met in Moscow on Monday at the sixth meeting of the Joint Commission at the level of heads of government. During the talks,… Read More »

Mirziyoyev called the EAEU countries “strategic and natural partners” of Uzbekistan

At the meeting of the Supreme Eurasian Economic Council in St. Petersburg on December 21, President of Uzbekistan Shavkat Mirziyoyev called the EAEU countries “strategic and natural partners” of Uzbekistan, and thanked “respected” Vladimir Putin for his hospitality and for organizing the meeting. “In the context of growing fragmentation of global markets, complications in logistics… Read More »

An American-Uzbek Business and Investment Council is being established in Uzbekistan

The President of Uzbekistan, Shavkat Mirziyoyev, signed the decree establishing the American-Uzbek Business and Investment Council on November 12. The new body is intended to coordinate strategic business initiatives, develop trade and investment cooperation, and support projects between Tashkent and Washington. The Council will be chaired jointly by the Head of the Presidential Administration of… Read More »

Analysis of the agreements signed during Mirziyoyev’s visit to the United States

The results of Mirziyoyev’s visit to the U.S. show that Tashkent is prioritizing strategic rapprochement with Washington in economic and technological areas. The list of signed agreements reflects Uzbekistan’s key priorities: Overall, the structure of the agreements demonstrates a shift toward industrial and technological partnership rather than simple raw material trade. The U.S., in turn,… Read More »

President of Uzbekistan departs from Qatar to the United States

President of Uzbekistan Shavkat Mirziyoyev has departed from Qatar to the United States. Mirziyoyev’s stay in Qatar The events of the working visit of Uzbek President Shavkat Mirziyoyev to the State of Qatar have concluded, the presidential press service reported. As part of the program, the head of state took part in the second World… Read More »

Mirziyoyev invites Trump to Uzbekistan after discussing strategic partnership

On September 5, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, held a phone conversation with U.S. President Donald Trump. The main topic of the discussion was the further strengthening of Uzbek-American relations, the expansion of strategic partnership, and mutually beneficial cooperation. According to Mirziyoyev’s press service, the U.S. President highly appreciated and supported… Read More »

Average salary in Uzbekistan reaches nearly 6 million soums: what the figures show for the first half of 2025

According to the results of January–June 2025, the average nominal accrued salary in Uzbekistan amounted to 5,982.3 thousand soums (approximately USD 470 at the June 2025 exchange rate of ~12,700 UZS per USD). This was reported by the State Committee of the Republic of Uzbekistan on Statistics. This figure represents a 17.2% increase compared to the… Read More »

Uzbekistan fully feels the negative impact of sanctions — Mirziyoyev at the EAEU summit

On June 27, during the Supreme Eurasian Economic Council meeting in Minsk, President of Uzbekistan Shavkat Mirziyoyev openly spoke about the serious negative consequences of sanction policies for the country’s economy. “Today, my colleagues expressed their views on the difficult situation in the global economy. In Uzbekistan, we fully feel the negative effects of rising… Read More »

Record-breaking strength of the Uzbek soum and the Iran factor: How the Middle East could impact the dollar exchange rate in Uzbekistan

In recent days, two major topics have dominated conversations in Uzbekistan — the record appreciation of the national currency and the escalating tensions in the Middle East, particularly involving Iran. As the U.S. dollar rate fell to 12,559 soums — its lowest level since July 2024 — both the public and businesses are increasingly curious… Read More »