Uzbekistan

Taking the Tashkent Stock Exchange to the next level

Akmal Djalilov May 1, 2021

Akmal Djalilov, founder of Uzbekistan’s BeTrader platform, looks at a new decree allowing Uzbek companies to list abroad.

Kyrgyz and Tajik citizens, armed forces come to deadly blows in border clashes

Kanat Shaku in Almaty April 29, 2021

At least three dead in showdown triggered over rights to water infrastructure. Evening ceasefire agreed.

MOSCOW BLOG: The vaccine wars

Ben Aris in Berlin April 28, 2021

Uzbekistan has been sent the first 50,000 of half a million doses of the Sputnik V vaccine. On the same day Brazil rejected the vaccine, due to US pressure.

Chinese researchers calculate Central Asia’s water waste, agriculture potential

David Trilling for Eurasianet April 28, 2021

If Central Asian farmers don’t radically change how they use water, the region will not feed China.

Uzbekistan’s stock market coming to life

Ben Aris in Berlin April 22, 2021

Uzbek President Shavkat Mirziyoyev has launched a new push to develop the Uzbek capital markets with a decree that brings in sweeping reforms. The market is already growing, but there is a lot of work still to do.

Uzbekistan's stock market sees its first big "pump & dump" incident

Ben Aris in Berlin April 19, 2021

The share price of Uzbek insurance company Universal Sugurta rose 200,000% in the first two months of this year, only to collapse again in March. It looks like a classic "pump and dump" play, but for the nascent market that's probably a good thing.

COMMENT: Strengthening the foundation of the Uzbek capital markets infrastructure

Fiezullah Saidov in Tashkent April 18, 2021

After their sitting moribund for two and half decades, Uzbek President Shavkat Mirziyoyev has just launched a major reform of the Uzbek capital markets that could transform financing in the republic.

Starbucks to open first Uzbekistan outlet as country’s “virgin” niche lures new players

Alisher Kalandarov in Tashkent April 6, 2021

Coffee chain to join KFC, Wendy’s and Baskin Robbins among big Western names on Tashkent city streets. Russia’s Shokoladnitsa and Black Star Burger have also arrived.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

IKEA’s New Europe Empire

bne IntelliNews April 3, 2021

Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.

UK registered shell company faked documents to win Uzbekistan medical kit contracts says World Bank

bne IntelIiNews March 30, 2021

Case of NovoLine Resources tarnishes already controversial reputation of British corporate governance.

Uzbekistan police blame victim in violent attack on pro-LGBT activist

Eurasianet March 30, 2021

Miraziz Bazarov had criticized the government’s refusal to decriminalize same-sex relations.

Impact of global chip shortage on carmakers spreading across Eastern Europe, Turkey and Central Asia

bne IntelIiNews March 26, 2021

Production plants forced into stoppages after pandemic-led surge in demand for electronics from locked down populations squeezes semiconductor supplies.

Conference addresses reform and regulation issues facing Tashkent Stock Market

Alisher Kalandarov in Tashkent March 23, 2021

Still very early days for Uzbekistan’s bourse. Investors need “fast, transparent and reliable data,” says US SEC commissioner.

COMMENT: Media freedom hits a rough patch in Uzbekistan despite presidential support

Fred Harrison in London March 23, 2021

The number of media outlets has expanded after President Shavkat Mirziyoyev called for the press to play a more prominent role in society, but old habits die hard after a prominent blogger was arrested after he exposed a price-fixing scam.

BORDERLEX: EU edging closer to granting Uzbekistan GSP Plus trade status

Iana Dreyer of Borderlex March 19, 2021

The EU says there are few hurdles left to clear but human rights groups say Uzbekistan will need much closer monitoring.

Rising inflation in Emerging Europe poses dilemma for central banks

bne IntelliNews March 17, 2021

With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.

Screw comes loose on governor’s claim IKEA’s coming to Uzbekistan

Alisher Kalandarov in Tashkent March 17, 2021

Tashkent regional chief’s investment presentation to president turns out to be a rather dodgy construction.

Uzbeks debate whether rising debt is a trap or a stairway to a better future

Alisher Kalandarov in Tashkent March 10, 2021

Uzbekistan’s external debt was 16% of GDP in 2015. By the end of 2020, it was 36.5%, with the government pointing to social demands that need addressing urgently.

ANALYSIS: Central Asia bond review

Maximilian Hess in London for EurasiaNet March 9, 2021

Despite the COVID crunch, Uzbekistan’s borrowing has blossomed. Tajikistan appears headed for trouble.

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