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Uzbekistan introduces new land allocation system and tax incentives to boost investment

In response to numerous complaints about difficulties in securing land for construction, President Shavkat Mirziyoyev has unveiled a new system for allocating land plots...

Uzbek banks to halt lending to major state-owned companies and focus on private business

Uzbekistan’s banks will gradually stop providing loans to large state-owned companies and shift their focus to private businesses, President Shavkat Mirziyoyev announced on August...

Uzbekistan’s government allocates $1.7 billion for small business development

In an ambitious move to spur economic growth and innovation, Uzbekistan is set to launch a comprehensive support program for small businesses starting October...

Kazakhstan’s government allocates $3.7 billion for the development of monocities

In a major stride towards socio-economic development, the Government of Kazakhstan has announced a significant investment of approximately 1.7 trillion tenge ($3.7 billion) aimed...

Uzbekistan eliminates duty on building materials and wood imports

In a significant move to stimulate the construction and manufacturing sectors, the President of Uzbekistan has signed a decree that sets the customs duties...

Uzbekistan lifts ban on consumer loans for purchasing imported goods

From now on, financial consumer loans can be obtained for the purchase of goods produced outside of Uzbekistan. This is provided for by amendments...

Manufacturers of furniture, textiles and carpets in Uzbekistan to be supported by new measures

President of Uzbekistan Shavkat Mirziyoyev held a meeting on the development of local industry and spoke about measures to support it to increase exports. In...
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