Despite continuing exports of natural gas, petroleum products and electricity, Uzbekistan is becoming increasingly dependent on imported energy resources. Foreign trade statistics for the first half of 2026 show that the country’s spending on imported gas, oil, gasoline, coal and electricity was nearly three times higher than its export earnings from these resources. This trend …
Uzbekistan’s authorities have begun preparing a large-scale pension reform that could reshape not only how future pensions are built for millions of citizens, but also the structure of the country’s financial market. During a presentation to President Shavkat Mirziyoyev on July 14, officials discussed far more than another increase in pension payments or a technical …
Despite ongoing discussions about diversifying labor migration, Russia remains the main source of remittances to Uzbekistan. In the first quarter of 2026, the country received $3.8 billion in remittances from migrant workers, of which about $2.75 billion came from Russia. At the same time, new data from the Central Bank show that migration destinations are …
Uzbek President Shavkat Mirziyoyev on June 26 reviewed a presentation on measures to reduce the shadow economy and improve the effectiveness of prosecutorial oversight in this area. According to data presented at the meeting, the share of the unobserved economy has fallen from 35% to 23% over the past two years. During the same period, …
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 …
Uzbek President Shavkat Mirziyoyev arrived in St. Petersburg on June 4 to participate in the St. Petersburg International Economic Forum (SPIEF) and hold talks with Russian President Vladimir Putin. His visit comes at a time when the forum no longer attracts the number of world leaders it did before Russia’s full-scale invasion of Ukraine, while …
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 …
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 …
Czech Prime Minister Andrej Babiš on Thursday held talks with Uzbekistan’s President Shavkat Mirziyoyev in Tashkent as part of a Central Asia tour, amid Prague’s efforts to expand economic ties beyond the European Union. The sides announced plans to increase bilateral trade to $1 billion and signed a package of agreements covering industry, science, technology, …
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 …