Tag Archives: economy

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

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Shavkat Mirziyoyev and Donald Trump, November 2025, Washington

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 …

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

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Moment of agreement exchange in the presence of the President of Uzbekistan Shavkat Mirziyoyev and U.S. Secretary of Commerce Howard Lutnick

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, …

President of Uzbekistan departs from Qatar to the United States

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President of Uzbekistan Shavkat Mirziyoyev has departed 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 …

Mirziyoyev invites Trump to Uzbekistan after discussing strategic partnership

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President of Uzbekistan Shavkat Mirziyoyev and U.S. President Donald Trump hold phone conversation

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 …

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

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Dynamics of the average monthly salary in Uzbekistan, 2021–2025, in thousand soums

Update for 2026: Salaries in Uzbekistan rise 17.4%, but gap between sectors and regions remains stark 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 …

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

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President Shavkat Mirziyoyev speaks at the Supreme Eurasian Economic Council meeting in Minsk

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 …

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

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A chart of the U.S. dollar exchange rate fluctuations in Uzbekistan over the past year, including the sharp drop in June 2025

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 …