Uzbekistan

Start of a new super cycle – fat and flat for 2023?

Ben Aris in Berlin December 15, 2022

The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.

IMF: Global food prices to remain elevated amid war, costly energy, La Niña.

Ervin Prifti . December 14, 2022

Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,

IMF: Riding the global debt rollercoaster

Vitor Gaspar Paulo Medas and Roberto Perrelli for the IMF December 13, 2022

Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.

NEMETHY: The case for gold today – again

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors December 12, 2022

In April 2021 gold was sitting around a price of $1,700; as of December 10, 2022 it is now approaching $1,800. Relative to just about every other asset class, this is not a bad performance.

Gas crunch emerging in East as Kazakhstan fails to meet China’s import requests

Fuad Shahbazov December 10, 2022

Try as it might, Beijing is unable to lock in Kazakh gas flows. Russian shipments via Uzbekistan might eventually be the answer.

bneGREEN: Renewables finally achieve turbocharged growth

Richard Lockhart in Edinburgh December 9, 2022

Solar is set to overtake coal as the world’s leading source of power supply by early 2025, the IEA said

Uzbekistan rejects Putin’s proposed ‘gas union’

bne IntelIiNews December 9, 2022

Tashkent’s coolness towards scheme that would also involve Kazakhstan will be seen as another sign of growing fissure between Russia and Central Asia. Kremlin claims pact would have no political strings.

Turkmenistan: A shining city in a book of records

Akhal-Teke: A Eurasianet Bulletin December 7, 2022

Russia is proposing a major reconfiguration of the Central Asian gas market. Eurasianet’s weekly Turkmenistan briefing.

Global wage growth fails to beat inflation for the first time in 20 years

Statista December 6, 2022

The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.

The legendary Silk Road city of Samarkand gets a tourism upgrade

Daniel Rad in Samarkand December 4, 2022

“Samarkand is as old as time” but the Uzbek government has invested heavily in the hospitality infrastructure to improve the appeal of this legendary Silk Road city to the international traveller.

bneGREEN: Energy efficiency investment turns the corner in 2022, but more is needed

Richard Lockhart in Edinburgh December 2, 2022

Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.

UzAuto Motors launches subscription campaign for third IPO in Uzbekistan's history

Muzaffar Ismailov in Tashkent December 1, 2022

Automaker is preparing to list as one of a series of People's IPOs of major Uzbek enterprises.

Russia proposes Kazakhstan and Uzbekistan join “gas union”

Muzaffar Ismailov in Tashkent November 30, 2022

Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.

EBRD warns of risk of 'zombification'

Robert Anderson in London November 22, 2022

Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.

Europe woos Central Asia as Russia’s appeal wanes

Joanna Lillis for Eurasianet November 21, 2022

EU’s foreign policy chief is latest high-level Western official to visit Central Asia.

bneGREEN: Climate paralysis at COP27 as no progress made on 1.5 degrees

Richard Lockhart in Edinburgh November 21, 2022

COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.

World population hits 8bn. Where do we go from here?

bne IntelIiNews November 15, 2022

Greying of populations big dilemma for developed countries. Share of people on planet aged 65 years or above projected to rise from 10% now to 16% in 2050.

Uzbekistan’s “People’s IPO” stars are ready for listing

Ben Aris In Samarkand November 15, 2022

In the remaining months of this year Uzbekistan hopes to hold its first three major IPOs in carmaker UzAvto, metallurgical business UzMetKombinat and the leading mortgage bank in the country Qishloq Qurilish Bank (QQB).

INTERVIEW: Orient group investing into Uzbekistan's growing population and investment-friendly climate

Ben Aris in Tashkent November 12, 2022

Uzbekistan’s Orient Group has emerged as one of the largest multi-sector conglomerates in Uzbekistan with interests in real estate, banking, retail and agriculture. Now it is getting ready to tap in the international capital market.

bneGREEN: Gas has potential to derail COP27’s green ambitions

Richard Lockhart in Edinburgh November 11, 2022

Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.

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