Conventional wisdom holds that New Delhi will turn to Washington as it increases competition with Beijing. But Moscow’s importance cannot be ignored.
SUEZ wins EUR 142m contract to modernize Tashkent water system
French water and waste management giant SUEZ has signed its first contract in Uzbekistan—a “flagship” EUR 142 million agreement with the Municipality of Tashkent and the Uzbek Ministry of Housing and Communal Services.
Facebook project seeks to integrate and democratize Central Asia’s art market
A new art community that launched on Facebook in mid-April brings together over 100 artists from Kazakhstan and Kyrgyzstan, but also Uzbekistan, Turkmenistan and Russia.
Global investors cite optimism for Uzbekistan post COVID-19
A poll conducted during a recent Eurasian Investor webinar revealed an optimistic outlook for the Uzbek economy post COVID-19. Of the 123 respondents, 77 percent believed that Uzbekistan will be “more attractive” as a destination for foreign investors when “compared with other frontier and emerging markets.”
The pandemic could tighten China’s grip on Eurasia
As Russia and the Central Asian states struggle to contend with the challenges posed by the COVID-19 pandemic, China is becoming even more central to their political and economic calculations.
Facing COVID-19 crunch, Uzbekistan seeks end to cotton boycott
The government of Uzbekistan has called for the lifting of a decade-long boycott of Uzbek cotton, citing recent progress in human rights reforms and also the economic crisis caused by the COVID-19 global pandemic.
The boycott on Uzbek cotton needs to end
Human rights campaigners have now arrived at a crossroads, and must decide if an end to the long-running cotton boycott is justified in order to consolidate the development of a fairer and more just Uzbek economy.
Uzbekistan transitions wheat industry to market rules from 2021
The government in Uzbekistan has said it will from 2021 begin reducing the volumes of wheat it purchases through its state order system as it embarks on a gradual transition to market rules in its agricultural sector.
Uzbekistan sustains poverty by blocking internal migration
Uzbeks are far less likely than people from similarly sized countries to move to a city. That hurts the economy and, indirectly, tears families apart.
Uzbek supermarket chain bags $40 million EBRD investment
Uzbekistan’s leading supermarket chain has received preliminary approval for a $40 million dollar investment from the European Bank for Reconstruction and Development (EBRD), the largest such equity investment by EBRD in an Uzbek private sector enterprise.
An overlooked IPO points to the future of Uzbekistan's capital markets
The cultivation of Uzbekistan’s domestic investor base—not the attraction of foreign financiers—is the real imperative of the country’s forthcoming capital markets strategy.
Uzbekistan’s Minister of Finance, Jamshid Kuchkarov, confirmed Thursday that the Uzbek government plans to follow its successful February debut Eurobond with a second offering next year.
Unpacking Armenia’s resilient economic growth
Though it is diversifying the main drivers of its impressive growth, Armenia’s dependence on Russia remains a vulnerability.
Uzbekistan attempting difficult move away from state-led growth
Uzbekistan’s economic growth is picking up. However, the government has yet to wean itself off of a state-led growth model that complicates market reforms.
Russia's oil supply is vulnerable
It’s just been six months since the biggest crisis for Russian oil distribution in living history, and the leader of the country’s largest oil company is already flinging mud in the direction of the world’s other two giant oil producers, Saudi Arabia and the U.S.
Armenia announces first low-cost airline routes
Ryanair will start flying from Armenia to Italy and Germany next year, and the routes will include the first connection to Europe from Armenia’s second city, Gyumri.
Turkmenistan's dependence on China grows in step with exports
China now buys nearly 80 percent of Turkmenistan’s exports, cementing its grip on Ashgabat.
Chinese investors in Kyrgyzstan work to soften their image
Like in much of Central Asia, sinophobia runs deep in Kyrgyzstan. The Chinese government and expat community have embarked on a cultural charm offensive to soften perceptions of Beijing’s designs.
Uzbekistan targets tripling of stock exchange market cap by 2025
Uzbekistan’s Capital Markets Development Agency will soon launch an ambitious new strategy, intended to facilitate the public offering of ten state-owned enterprises with a combined value of $13 billion.
Uzbekistan to overhaul energy sector in bid for efficiency, investment
A new five-year strategic plan launched by President Shavkat Mirziyoyev in July calls for Uzbekistan to overhaul its inefficient and monopolistic energy sector.