Kursiv Uzbekistan

🇺🇿 President of Uzbekistan Departs for Brussels President Shavkat Mirziyoyev has departed for Brussels at the invitation of European Council President António Costa and European Commission President Ursula von der Leyen. During the official visit, the head of state will hold talks with EU leaders to discuss the expansion and deepening of multifaceted cooperation between Uzbekistan and the European Union. 🤝 A key outcome of the visit is expected to be the signing of the Enhanced Partnership and Cooperation Agreement (EPCA) — a landmark document setting the strategic framework for bilateral relations in trade, investment, energy, and innovation. The program also includes meetings with King Philippe of Belgium and representatives of leading European companies and financial institutions. #Uzbekistan #Europe #EU #Diplomacy #Brussels #ShavkatMirziyoyev #Partnership #Trade #Investment #Connectivity #CentralAsia

🎥CBU’s Timur Ishmetov: How strong is 🇺🇿Uzbekistan’s financial system today?💰 At the Uzbekistan Investor Day, hosted by the National Investment Fund of Uzbekistan (UzNIF) on October 23, CBU Chairman Timur Ishmetov outlined the country’s economic resilience and bold roadmap for the financial sector. 📊 Key takeaways from his speech: ▪🇺🇿 GDP growth: Uzbekistan has maintained one of the strongest growth trajectories in the region for the past 9 years. ▪📉 Inflation: Projected to reach 8% by end-2025, on track toward the medium-term 5% target. ▪💰 International reserves: Record $55 billion, ensuring a solid buffer against external shocks. ▪💵 Exchange rate: The UZS appreciated by 7% against the USD since the start of 2025. ▪🏦 Banking sector: Total assets near $72 billion, capital adequacy at 18%, NPLs around 4%, and private loans accounting for 86% of all lending. ▪💼 Foreign currency exposure: Down from 50% of all loans to 30% — a major confidence signal in the national currency. ▪🌍 CBU reforms: Full implementation of Basel III by 2028 and IFRS by 2027, aligning Uzbekistan’s banking sector with global standards. ▪💳 Digital finance: Use of digital payments has grown by 40%, with new fintech and microfinance players entering the market. ▪🕌 Islamic finance law: Set to be adopted soon, opening new opportunities for investors from the Middle East and Southeast Asia. Investor Day gathered 200+ participants from 67 international institutions managing over $1 trillion in assets, reaffirming the growing global interest in Uzbekistan’s financial and investment transformation. 🎯 “Uzbekistan is open for business — stable, ambitious, and ready to become a regional hub for finance and investment,” said Timur Ishmetov, Chairman of the Central Bank of Uzbekistan. #Uzbekistan #CentralBank #CBU #TimurIshmetov #InvestorDay #UzNIF #Finance #Banking #Investment #BaselIII #IFRS #MonetaryPolicy #Macroeconomy #DigitalFinance #IslamicFinance #EmergingMarkets #CentralAsia #Tashkent Marius Dan, Pavel Nosachev, Yodgor Gafurov / Ёдгор Гафуров, Neil McKain, Mansurjon Rasulev, George Paresishvili

💹 How Nasdaq and Franklin Templeton Could Accelerate Uzbekistan’s Securities Market Evolution Uzbekistan’s capital market is entering a new phase of transformation. In 2025, President Shavkat Mirziyoyev met with Nasdaq CEO Adena Friedman to discuss the modernisation of the Tashkent Stock Exchange, while Franklin Templeton began managing the Uzbekistan National Investment Fund (UzNIF). Together, these two global players can bring advanced technology, governance standards, and investor trust — laying the foundation for a stronger and more transparent capital market. 🏦 Why it matters: Uzbekistan’s stock market remains low-liquidity — retail investors account for less than 1% of total trading volume, and IPO activity is still limited. The entry of Nasdaq and Franklin Templeton could change this dynamic by: ▪Upgrading trading and supervisory infrastructure 🧠 ▪Integrating with global depositories 🌍 ▪Enhancing transparency and corporate governance 📊 ▪Encouraging IPOs and attracting institutional investors 💰 Experts note that privatisation, stronger infrastructure, and institutional demand will be key to sustainable growth. Transparent listings of large state enterprises, pension and investment fund development, and tax incentives for long-term investors can build a market capable of competing regionally. 👉 Read more: https://lnkd.in/dvqrAbRJ Uzbekistan’s partnership with leading global institutions marks a shift — from an emerging to a strategically connected market ready to attract global capital. #Uzbekistan #CapitalMarkets #Nasdaq #FranklinTempleton #InvestInUzbekistan #StockExchange #EmergingMarkets #Finance #Investment #UzNIF #IPO #EconomicReform Freedom Finance Global, Dmitry Zelentsov

🌍 Economy Under Climate Pressure: The Cost of Climate Adaptation for Uzbekistan Tatiana Miroshnichenko & Alexander Batrov Climate change is reshaping Uzbekistan’s economic landscape. As a country with a sharply continental climate and energy-intensive industries, Uzbekistan faces rising risks from heat, drought, water scarcity, and land degradation. 📉 According to The World Bank, without adaptation, Uzbekistan’s GDP could decline by up to 10% by 2050, increasing unemployment and poverty levels. More than half of the population already lives in regions highly exposed to climate risks. Key sectoral impacts: ▪⚡ Energy: To achieve Net Zero by 2060, Uzbekistan must cut gas use by 40% and raise renewables to 70%. Estimated investment needs: $79 billion by 2060. ▪🌾 Agriculture: Consuming over 90% of national water resources, the sector could see a 15% drop in river flow and yield losses of up to 8% without adaptation. Modernising irrigation and improving water efficiency will require $8.7 billion in total investment by 2030. 🏦 Finance: Around 42% of bank portfolios are tied to carbon-intensive sectors, heightening transition risks. The Central Bank of Uzbekistan has already launched a roadmap to integrate climate risk management and stress testing into regulation. 💰 While the cost of adaptation is significant, the long-term benefits outweigh the losses. Eliminating energy subsidies and introducing carbon pricing could free up to 5% of GDP for green investment and innovation. Strategic priorities ahead: ▪Scaling renewable energy and energy efficiency projects ⚙️ ▪Modernising irrigation and promoting climate-resilient farming 🌱 ▪Integrating climate risk into financial supervision and insurance models 📊 ▪Building equitable, inclusive pathways for the green transition 👥 Uzbekistan’s green transition will demand more than financing — it requires coordination between policymakers, investors, and sustainable development experts to ensure that climate adaptation becomes a catalyst for modernization and job creation. #Uzbekistan #ClimateChange #GreenEconomy #Sustainability #ClimateFinance #Adaptation #RenewableEnergy #Agriculture #WaterSecurity #NetZero #WorldBank #SustainableDevelopment #EnergyTransition

🇺🇿🤝🇷🇺 New stage of cooperation: 30 Uzbekistan–Russia agreements signed Uzbekistan and Russia have signed over 30 new agreements covering trade, economic, scientific, and humanitarian cooperation. The documents were approved during the Second Regional Council meeting held in the Moscow region. The delegations were led by Denis Manturov, First Deputy Prime Minister of Russia, and Jamshid Khodjayev, Deputy Prime Minister of Uzbekistan. 📊 Today, 14 regions of Uzbekistan maintain active partnerships with more than 50 Russian regions, with joint projects exceeding $6.2 billion in total value. #Uzbekistan #Russia #Cooperation #Investment #Trade #RegionalDevelopment #Partnership #Economy #Innovation

💡 Uzbekistan to receive $100 million Asian Development Bank (ADB) loan to boost STEM education 🇺🇿 The Asian Development Bank (ADB) has approved a $100 million concessional loan to improve STEM (science, technology, engineering, and mathematics) education in Uzbekistan’s schools. The project will modernize learning conditions in 200 schools — equipping them with laboratories, computers, solar panels, and inclusive classrooms. Teachers across six STEM subjects will receive training in modern methodologies and technologies. According to ADB, the initiative aims to help students gain “innovative, future-ready skills” and support Uzbekistan’s transition to an upper-middle-income economy by 2030. While experts welcome the investment, some note that lasting improvement depends on addressing systemic challenges — including the need for a coherent educational philosophy, teacher motivation, and reduced bureaucratic barriers. #Uzbekistan #ADB #Education #STEM #Investment #Development #Innovation #HumanCapital #Asia

🇺🇿Uzbekistan sees first horizontal gas well under 🇨🇦Canadian Condor Energies project Canadian company Condor Energies has completed the first phase of drilling its debut well in Uzbekistan — reaching a depth of 2,800 meters. The team is now moving to the country’s first-ever horizontal drilling section, stretching 1 km — a record for Uzbekistan. 🛢️ Analysis confirms gas-bearing formations, and testing is planned for November 2025, with an expected initial flow rate of up to 566,000 cubic meters per day. 💬 “We’re proud to drill Uzbekistan’s first 1 km horizontal well — a milestone for both Condor and the nation’s energy sector,” said Don Streu, President of Condor Energies. The company also plans to deploy a second rig to expand operations in the south, where output has already grown sevenfold. #Uzbekistan #Energy #CondorEnergies #NaturalGas #Innovation #Investment #CentralAsia #Sustainability #OilAndGas #EnergyTransition

📊 International Monetary Fund: Uzbekistan’s Economy Shows Strong Resilience to External Shocks According to the latest Regional Economic Outlook: Middle East and Central Asia 2025, the IMF projects Uzbekistan’s GDP to grow by 6.8% in 2025 — outpacing the regional average for the Caucasus and Central Asia (5.6%). Growth is driven by robust domestic demand, industrial and infrastructure investments, and a steady flow of remittances. The Fund highlights Uzbekistan’s “high adaptability” to global shocks, supported by a balanced macroeconomic policy and diversified growth sources. Inflationary pressures are expected to ease toward the end of the year as food prices stabilize and monetary policy remains moderately tight. 🔹 Among regional peers: • Kazakhstan — 5.9% • Kyrgyzstan — 8.0% • Tajikistan — 7.5% • Uzbekistan — 6.8% 💬 The outlook confirms Uzbekistan’s growing economic resilience and steady progress toward sustainable growth. #Uzbekistan #IMF #Economy #Macroeconomics #CentralAsia #EconomicGrowth #Investment #EmergingMarkets #Sustainability #KursivUzbekistan

🚀 Uzbekistan Tops Central Asia in AI Readiness Index 🇺🇿🤖 Uzbekistan has ranked 70th globally and 1st in Central Asia in the International AI Readiness Index — ahead of Kazakhstan (76th), Tajikistan (131st), Kyrgyzstan (134th), and Turkmenistan (139th). The government has adopted a national AI development strategy until 2030, established a dedicated AI Center under the Ministry of Digital Technologies, and launched 30+ pilot AI projects across e-government, finance, public safety, and transport. With strong policy support and international partnerships, Uzbekistan is fast becoming one of the most dynamic AI hubs in the region 🌍✨ #Uzbekistan #AI #DigitalTransformation #Innovation #CentralAsia #FutureTech

🇺🇿Uzbekistan Centralizes All Government Data into One Unified Hub President Shavkat Mirziyoyev has ordered all government databases to be merged into a single national data center — a major step toward full digital transformation. 📊 By the end of this year, 55 ministerial databases will be transferred to the unified e-government data center, with the rest to follow in 2025. ⚙️ From 2026, storing information on separate agency servers will be prohibited. This move aims to: ▪🧠 Enable AI-driven governance and innovation ▪🔗 Eliminate fragmented and incompatible data systems ▪💡 Accelerate Uzbekistan’s digital ecosystem A centralized data hub = smarter, faster, and more transparent public administration. #Uzbekistan #DigitalTransformation #DataGovernance #Egovernment #AI #Innovation #SmartGovernment #DigitalUzbekistan