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Uzbekistan Real Deposit Yields Rise Despite Nominal Drop Original
Tashkent, Uzbekistan (UzDaily.com) — The Central Bank of the Republic of Uzbekistan released its April 2026 banking sector data on June 12, revealing that while nominal interest rates on savings have fallen, cooling inflation has driven real yields for everyday depositors sharply higher. According to the regulator's statistical report, the average nominal interest rate for term deposits denominated in the national currency (the Uzbek sum) settled at 17.4%.
Uzbekistan Energy Sector Appoints New Top Executives Original
Tashkent, Uzbekistan (UzDaily.com) — Major managerial changes have been implemented across the leadership structures of Uzbekistan’s primary state-owned energy corporations, shifting internal veterans into key executive roles. The structural reorganizations directly affect the top management tiers of the joint-stock companies tasked with operating the country’s high-voltage power grids and managing its centralized electricity procurement and sales.
Global Clean Energy Overtakes Coal Generation Again Original
Tashkent, Uzbekistan (UzDaily.com) — Global electricity production from renewable energy sources outpaced coal-fired generation in April 2026, consolidating a structural shift away from carbon-intensive power. According to the latest monthly analytics from Ember, an international energy think tank, the milestone represents a permanent inflection point for the global energy infrastructure, establishing a clear trend toward deep grid decarbonization.
Samarkand Tourism Expansion: Uzbekistan Signs Major Decree Original
Tashkent, Uzbekistan (UzDaily.com) — President Shavkat Mirziyoyev signed a major decree on June 10, unleashing aggressive tax incentives, cash subsidies for airlines, and structural expansions designed to radically scale up Samarkand's international tourism sector. The executive order establishes a permanent, annual "Open Tourism Season" program running from June through August.
Uzbekistan New Patent Regulation: Cabinet Decree 297 Original
Tashkent, Uzbekistan (UzDaily.com) — The Cabinet of Ministers of the Republic of Uzbekistan has officially approved a comprehensive administrative regulation for issuing state invention patents, implementing an upgraded, digitized workflow for domestic and international applicants. The structural shift was formally enacted through Government Resolution No. 297, adopted on June 10, 2026.
Uzbekistan Legalizes, Restricts Right to Strike Original
Tashkent, Uzbekistan (UzDaily.com) — President Shavkat Mirziyoyev signed a comprehensive legislative package on June 11, codifying the legal parameters for worker strikes while introducing severe administrative and criminal penalties for unauthorized labor stoppages. The new omnibus legislation, Law LRU-1150, introduces structural amendments to Uzbekistan’s Labor Code, Criminal Code, and Code of Administrative Responsibility.
Uzbekistan Approves Major Namangan Development Plan Original
Tashkent, Uzbekistan (UzDaily.com) — President Shavkat Mirziyoyev signed a landmark decree on June 11 to comprehensively modernize Namangan province's industrial, tourism, and educational infrastructure through major international partnerships. The directive (Resolution PP-220) aims to aggressively stimulate local business activity and elevate living standards across the region throughout 2026 and 2027.
Uzbekistan Lending Rates: Central Bank April 2026 Data Original
Tashkent, Uzbekistan (UzDaily.com) — The Central Bank of the Republic of Uzbekistan released its comprehensive lending market data for April 2026 on June 12, revealing highly stabilized retail interest rates alongside a moderate reduction in commercial borrowing costs. According to the regulator's analytical report, the average nominal interest rate for credit products denominated in the national currency (the Uzbek sum) settled at 19.7%.
Uzbekistan Flash Flood Alert: Uzhydromet Warns Travelers Original
Tashkent, Uzbekistan (UzDaily.com) — The Center for Hydrometeorological Services of Uzbekistan (Uzhydromet) issued an emergency weather directive on June 12, warning of imminent flash floods and mudslides across nine regions from June 13 to 15. The multi-day hazard is driven by forecasts of heavy, localized torrential downpours in high-altitude zones.
Uzbekistan Pitches IT Outsourcing Hub at London Tech Week Original
Tashkent, Uzbekistan (UzDaily.com) — A delegation from IT Park Uzbekistan participated in London Tech Week, staging a dedicated "Digital Uzbekistan" session that drew roughly 80 delegates including representatives from the Bank of England, the EBRD, Mastercard, and 500 Global, the organization announced June 12.
Uzbekistan and IsDB Explore Islamic Finance Tools for Green Procurement Original
Tashkent, Uzbekistan (UzDaily.com) — The Agency for Industrial Cooperation and State Procurement of Uzbekistan held talks with an Islamic Development Bank (IsDB) delegation on June 12, centering discussions on modernizing the national public procurement system and strengthening support mechanisms for domestic producers seeking integration into major supply chains.
Uzbekistan Fines Flour Firm for Bypassing Mandatory Exchange Trading Original
Tashkent, Uzbekistan (UzDaily.com) — The Surkhandarya regional office of the Committee for Competition Development and Consumer Rights Protection has taken enforcement action against DENOV OLTIN DON LLC, a flour manufacturer, after routine market monitoring uncovered a sustained breach of exchange-trading regulations, authorities announced June 12.
Uzbekistan's Competition Committee Recovers Millions for Consumers Nationwide Original
Tashkent, Uzbekistan (UzDaily.com) — vThe Committee for Competition Development and Consumer Rights Protection and its regional offices announced June 12 the successful resolution of a series of citizen complaints spanning housing, automotive, utility, and aviation sectors. In the Tashkent region, the Committee's special commission investigated complaints against car dealer JAS AVTO MOTORS LLC, which had failed to deliver vehicles within agreed timeframes after receiving payment.
Uzbekistan Links Agri University and Soil Centre in 5-Year Science Pact Original
Tashkent, Uzbekistan (UzDaily.com) — The International Agricultural University under Uzbekistan's Ministry of Agriculture and the state institution Soil Analysis Centre signed a Memorandum of Cooperation on June 12, formalizing a partnership intended to run through the 2026–2031 academic years. The agreement targets a structural weakness common across post-Soviet agricultural education systems: the disconnect between university curricula and the demands of modern farming.
Uzbekistan Targets AI Farming, Genomics in Agri Modernization Push Original
Tashkent, Uzbekistan (UzDaily.com) — Minister of Agriculture Ibrokhim Abdurakhmonov held a working meeting June 12 with Suma Chakrabarti, Advisor to the President on Economic Development, Effective Governance and International Cooperation, to map out a strategic modernization agenda for Uzbekistan's agro-industrial complex. The talks covered four interlocking reform tracks: biotechnology and genomics, livestock development, digital infrastructure, and human capital.
Uzbekistan to Deploy Undercover Inspectors Across Hospitals and Clinics Original
Tashkent, Uzbekistan (UzDaily.com) — The Committee for Competition Development and Consumer Rights Protection announced June 12 the launch of covert "mystery patient" inspections across Uzbekistan's healthcare sector, citing a 2.3-fold surge in citizen complaints against medical institutions. The numbers driving the decision are stark: complaints filed with the Committee against healthcare providers rose from 53 in the comparable period of 2025 to 127 so far in 2026.
Uzbekistan Eyes Kaizen Methods to Overhaul State and Industrial Management Original
Tashkent, Uzbekistan (UzDaily.com) — Deputy Minister of Economy and Finance Umid Abidkhojayev met with Igor Pomochilin, Director of Development at the Kaizen Institute, in Tashkent on June 12 to discuss modernizing corporate management systems across both Uzbekistan's industrial base and its public sector.
ADB, Uzbekistan Train 250 Officials on AI, New Economy Futures Original
Tashkent, Uzbekistan (UzDaily.com) — A large-scale educational initiative focused on future-readiness assessment, new economy models, and long-term growth drivers concluded in Uzbekistan on June 10, following nearly a month of seminars and workshops that ran from May 12 across multiple venues. The program was implemented in partnership with the Asian Development Bank (ADB) as part of its strategic engagement with Uzbekistan's Ministry of Economy and Finance.
Uzbekistan Cadastre Agency Gets New Acting Director, Leadership Team Original
Tashkent, Uzbekistan (UzDaily.com) — Sadriddin Turdiev has been appointed acting director of the Cadastre Agency of Uzbekistan, the government announced June 12. Turdiev previously served in the republic's prosecutorial bodies before taking on the role. The reshuffle, authorized by the Head of the Presidential Administration, extended beyond the top post. Murat Fayzullayev has been named First Deputy Director of the agency.
Uzbekistan Unlocks $5M World Bank Climate Grant, Completes iCRAFT Payments Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan has received a $5 million third and final grant tranche from the World Bank under the iCRAFT program — "Innovative Carbon Resources for Energy Transformation" — completing all disbursements stipulated under the Emissions Reductions Purchase Agreement (ERPA), the Ministry of Economy and Finance announced June 12.
Uzbekistan's Deputy PM Meets Anadolu Group on Auto, Investment Plans Original
Tashkent, Uzbekistan (UzDaily.com) — Deputy Prime Minister and Minister of Economy and Finance Jamshed Kuchkarov held formal talks with Bora Koçak, President of Turkish conglomerate Anadolu Group, in Tashkent on June 12, as both sides sought to move bilateral economic engagement from political commitment to commercial reality. The meeting drew a heavyweight delegation.
Uzbekistan Courts French Tourism Market With 8K Films and IFTM Deal Original
Tashkent, Uzbekistan (UzDaily.com) — S. Boboqalonov, Deputy Chairman of Uzbekistan's Tourism Committee, completed a working visit to France this week, holding a series of targeted meetings aimed at elevating Uzbekistan's profile among European — and specifically French — travelers. The visit covered three distinct fronts: high-end media production, trade partnerships, and exhibition strategy.
WHO, World Diabetes Foundation Launch Diabetes Project in Uzbekistan Original
Tashkent, Uzbekistan (UzDaily.com) — The World Health Organization and the World Diabetes Foundation have jointly launched a diabetes management overhaul across three Central Asian nations, with Uzbekistan deploying AI-assisted eye diagnostics as part of the region's most ambitious endocrinology initiative to date.
Uzbekistan and France Move to Expand Defense Partnership Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan and France are deepening their defense relationship, with both sides signaling a shared push to broaden military cooperation and formalize regular dialogue on regional security. TASHKENT — Viktor Makhmudov, Secretary of the Security Council under the President of Uzbekistan, held talks with Alice Roufiac, France's Minister-Delegate for the Armed Forces, the Uzbek government announced June 12.
Uzbekistan Seizes 34kg of Smuggled Drugs in Tashkent Sting Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbek security forces pulled more than 34 kilograms of opium and hashish from a single car near a Tashkent market, in one of the capital's larger street-level drug interceptions in recent memory.
Uzbekistan, South Korea Eye Major Forums to Deepen Investment Ties Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan and South Korea are accelerating preparations for two high-stakes diplomatic and business gatherings set to shape bilateral trade and investment through the end of 2026.
Sandvik, ABB, Ericsson Eye Uzbekistan as Sweden Deepens Trade Ties Original
Tashkent, Uzbekistan (UzDaily.com) — Sweden's Corporate Giants Signal Uzbekistan Entry as Tashkent Roundtable Unlocks $240 Billion Growth Story Six of Sweden's largest corporations — Sandvik, ABB, Elekta, AstraZeneca, SKF, and Ericsson — have signaled readiness to move toward concrete investment projects in Uzbekistan following a high-level roundtable in Tashkent, where officials presented the country's $240 billion GDP target for 2030 and its GSP+ gateway to European markets.
Uzbekistan Airways Cuts Russia Flights Amid Jet Fuel Shortage Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan Airways Slashes Russia Routes as Jet Fuel Shortage Forces Schedule Overhaul Uzbekistan's national carrier Uzbekistan Airways is cutting the frequency of regular flights between Uzbekistan and Russia, citing a market-wide jet fuel shortage and a sharp rise in aviation fuel costs that have made existing schedules commercially unsustainable.
Uzbekistan and US DFC to Build Joint Investment Platform Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan and US Development Finance Corporation Agree to Launch Joint Investment Platform Uzbekistan and the U.S. International Development Finance Corporation (DFC) have agreed to establish a Joint Investment Platform, with transport, healthcare, and utilities infrastructure identified as priority sectors for capital deployment, following talks in Tashkent between Minister of Investments, Industry and Trade Laziz Kudratov and a DFC delegation led by...
Uzbekistan to Seize Vehicles for Five Major Traffic Violations Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan to Confiscate Vehicles, Jail First-Time Drunk Drivers Under Sweeping Road Safety Crackdown Uzbekistan is preparing to introduce temporary vehicle seizure for five categories of serious traffic violations, arrest for first-time drunk drivers, and criminal liability for vehicle owners who allow minors behind the wheel — the most significant tightening of road traffic penalties in years, following a presidential briefing on rising road fatalities...
Uzbekistan and Russia's Kaliningrad Region Deepen Trade Ties Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan and Kaliningrad Agree on Business Missions to Unlock Industrial and Agri Cooperation Potential Uzbekistan's Deputy Foreign Minister Olimjon Abdullayev has met Kaliningrad Region Acting Governor Valery Sherin to advance interregional cooperation, with both sides identifying industrial cooperation, logistics, agriculture, and food processing as the most promising sectors for joint development.
Algeria's Tebboune Receives Uzbek FM Saidov, Pledges Deeper Ties Original
Tashkent, Uzbekistan (UzDaily.com) — Algerian President Tebboune Receives Uzbek FM Saidov, Signals Push for Qualitatively New Bilateral Relationship Algerian President Abdelmadjid Tebboune has received a Uzbekistan delegation led by Foreign Minister Bakhtiyor Saidov, with both sides committing to elevate bilateral ties to a qualitatively new level spanning political dialogue, trade and investment, and cultural and humanitarian cooperation.
Uzbekistan, Algeria Plan Trade Body, Business Council and Export Expo Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan and Algeria Propose Joint Commission, Business Council, and Tashkent Export Showcase in Algiers Uzbekistan and Algeria are moving toward a structured bilateral economic architecture, with Foreign Minister Bakhtiyor Saidov and Algerian Minister of Foreign Trade and Export Promotion Kamel Rezig agreeing to explore the creation of an Intergovernmental Joint Commission, a Business Council, and a "Made in Uzbekistan" exhibition in Algiers.
Uzbekistan, Algeria Eye Mining Joint Ventures and Exploration Deals Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan and Algeria Open Mining Cooperation Talks, Targeting Joint Ventures and Value-Added Processing Uzbekistan's Foreign Minister Bakhtiyor Saidov has met with Algeria's Minister of Mining Industry Mourad Hanifi to explore cooperation across mineral resources, geological exploration, and extractive industry development — framing the sector as one of the most promising growth vectors in bilateral relations between the two resource-rich nations.
Uzbekistan Secures Azerbaijan Showroom Space for Building Materials Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbek Building Materials Producers to Get Dedicated Showrooms at Azerbaijan's Turkish Trade Centre Uzbekistan's construction materials industry association has secured an agreement with Azerbaijan's Turkish Trade Centre (Türk Ticaret Merkezi) to provide dedicated retail and showroom space for Uzbek manufacturers — a concrete step toward establishing a commercial foothold in the Azerbaijani market.
Fergana Airport Auctions CIP Lounge, Parking, Cold Storage Original
Tashkent, Uzbekistan (UzDaily.com) — Fergana Airport Puts CIP Lounge, Cold Storage, and 6,500 sq m Car Park Up for Lease at Auction Three commercial facilities at Fergana International Airport have been listed for open electronic auction on Uzbekistan's E-auksion platform, offering prospective tenants access to a CIP lounge, a cold storage unit, and a large car park. The cold storage facility covers 396 sq m with a starting annual lease price of 190.08 million soums.
Uzbekistan Wins ICAO Praise for Aviation Reform Progress
Tashkent, Uzbekistan (UzDaily.com) — ICAO Chief Commends Uzbekistan's Aviation Reform Drive at Regional Directors Meeting ICAO Secretary General Juan Carlos Salazar has praised Uzbekistan's progress in implementing international civil aviation standards, as the country's delegation presented its reform record at a meeting of aviation authority heads from the European and North Atlantic region.
Uzbekistan Wins ICAO Praise for Aviation Reform Progress
Tashkent, Uzbekistan (UzDaily.com) — ICAO Chief Commends Uzbekistan's Aviation Reform Drive at Regional Directors Meeting ICAO Secretary General Juan Carlos Salazar has praised Uzbekistan's progress in implementing international civil aviation standards, as the country's delegation presented its reform record at a meeting of aviation authority heads from the European and North Atlantic region.
Switzerland's OSCE Chairmanship Deepens Central Asia Engagement Original
Tashkent, Uzbekistan (UzDaily.com) — Switzerland Uses OSCE Chair to Reinforce Dialogue With Uzbekistan Amid Complex Security Landscape Switzerland, holding the 2026 chairmanship of the Organization for Security and Co-operation in Europe, has signaled Central Asia — and Uzbekistan in particular — as a priority engagement zone, as Swiss and OSCE officials met Tashkent-based media to outline the presidency's agenda and bilateral cooperation projects.
Uzbekistan Senate Plenary Set for June 13: Courts, Corruption, Silk Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan Senate to Tackle Judicial Independence, Corruption, and Silk Industry at June 13 Plenary Uzbekistan's Senate will convene its 16th plenary session on June 13, 2026, with a packed agenda spanning judicial financing reform, anti-corruption legislation, noise pollution protection, and a parliamentary inquiry into the country's sericulture sector.
Uzbekistan Orders 8 Hyundai Rotem High-Speed Trains for New Routes Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan and Hyundai Rotem Align on Eight High-Speed Trains for Tashkent–Andijan and Tashkent–Termez Routes Uzbekistan's national railway operator and South Korean rolling stock manufacturer Hyundai Rotem have advanced talks on the delivery of eight high-speed electric trains, to be deployed on two major domestic corridors — Tashkent–Andijan and Tashkent–Termez — following negotiations held in the Republic of Korea.
Uzbekistan Enacts Urban Renewal Law, Takes Effect December 2026 Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan Signs Urban Renewal Law Requiring 80% Owner Consent, Guaranteeing Like-for-Like Compensation Uzbekistan has enacted a comprehensive urban renovation law establishing the legal, organizational, and financial framework for redeveloping dilapidated and emergency housing — including reconstruction, demolition, and new construction — with the legislation taking effect in mid-December 2026.
World Bank Lifts Uzbekistan Growth Forecast as Central Asia Outperforms Slowing Global Economy Original
Tashkent, Uzbekistan (UzDaily.com) — The World Bank has raised its growth forecast for Uzbekistan to 6.4 percent for 2026, bucking a broad global trend of downward revisions, according to the institution's flagship June 2026 Global Economic Prospects report released this week.
Energy transition only works if development works Original
Tashkent, Uzbekistan (UzDaily.com) — The energy transition is reshaping economic structures across Asia and the Pacific. Where it is managed well, it can unlock new economic growth opportunities. Where it is not, it can trigger inflation and political backlash that stalls reform. The difference lies in whether transition policies are designed with socioeconomic development at their core.
Uzbekistan Launches National Cancer Program, Targets 45% Survival Rate Original
Tashkent, Uzbekistan (UzDaily.com) — Mirziyoyev Approves National Cancer Overhaul Targeting 45% Survival Rate and 80% Palliative Coverage by 2030 Uzbekistan will launch a WHO-backed National Cancer Programme in 2027, targeting a jump in five-year oncology survival rates from 35 to at least 45 percent and screening coverage of 60 percent of the population for the country's most prevalent cancer types, President Shavkat Mirziyoyev confirmed after reviewing a comprehensive reform package for...
Uzbekistan Plans to More Than Double Fish Output to 500,000 Tons Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan Eyes Fivefold Aquaculture Potential as Mirziyoyev Backs Industry Overhaul Uzbekistan is targeting more than 500,000 tons of fish production next year — more than double its current output — after President Shavkat Mirziyoyev approved a sweeping modernization plan for the country's aquaculture sector, including technology upgrades, new financing instruments, and a digital oversight platform.
ADB Deploys $4 Billion for Middle East Crisis-Hit Nations Original
Tashkent, Uzbekistan (UzDaily.com) — ADB Mobilizes $4 Billion for 15 Nations Hit by Middle East Conflict Fallout The Asian Development Bank is deploying $4 billion to cushion member states from the economic and social spillovers of the Middle East conflict, with formal funding requests already received from 15 countries across the region. ADB President Masato Kanda said the bank would move swiftly across its full range of crisis response instruments to deliver timely support.
Mexico & South Korea Win Group A Openers at 2026 World Cup Original
Tashkent, Uzbekistan (UzDaily.com) — Mexico and South Korea Open 2026 World Cup with Group A Wins in Red Card-Marred Opener Mexico defeated South Africa 2-0 at the Azteca in a record-breaking, three-red-card opening match, while South Korea came from behind to edge Czech Republic 2-1 in Guadalajara — sending both sides to the top of Group A on Day 1 of the 2026 FIFA World Cup.
Tashkent Hosts Inaugural Silk Road Finance & Tech Forum in August Original
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan Launches Silk Road Fintech Forum, Targeting $1 Billion in Sector Investment by 2030 Uzbekistan's Central Bank and a Singapore-backed international network will co-host the inaugural Silk Road Finance & Technology Forum in Tashkent on August 24–26, 2026 — marking the country's most ambitious bid yet to establish itself as Central Asia's preeminent hub for digital finance and financial innovation.
Fitch Upgrades Uzbekhydroenergo Outlook to Positive at BB- Original
Tashkent, Uzbekistan (UzDaily.com) — Fitch Lifts Uzbekhydroenergo Outlook to Positive, Signaling Lower Risk for Infrastructure Investors Fitch Ratings has affirmed Uzbekhydroenergo's long-term credit rating at BB- while upgrading its outlook from Stable to Positive — a move that reflects both Uzbekistan's improving macroeconomic fundamentals and the hydropower company's own governance and operational gains.
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