Kun Uz

Weekly digest: Senior officials dismissed, plans to boost night economy, new railway transport law and more This week: ➖Several senior officials in Uzbekistan have been dismissed in connection with an alleged assassination attempt on Komil Allamjonov ➖Uzbekistan has implemented a decree to enhance private sector participation in education, and finalized negotiations with China, accelerating its accession to the WTO ➖The Strategic Reforms Agency of Uzbekistan has unveiled a plan to boost the country's night economy ➖Central Bank has announced plans to reduce inflation to below 5% by 2026 and proposed a cap on individual ownership of bank cards to address fraudulent activities ➖Russia announced plans to enhance natural gas exports to Uzbekistan through Kazakhstan ➖Uzbekistan has adopted a new railway transport law and has ratified a security agreement with China For more: https://kun.uz/en/18418499 📹 Watch on YouTube: https://lnkd.in/dFKNMRz6

Uzbek Migrants Send $12.6B in Remittances in 2024 Uzbek migrant workers sent $12.6 billion in remittances from January to October 2024, up 34% from 2023, with Russia contributing 78% ($9.8 billion). Higher wages abroad and expanded migration opportunities fueled the growth, alongside a tripling of organized labor migration to over 113,000 workers. P2P transfers grew by 52%, reflecting increased use of digital payment platforms. Outbound transfers from Uzbekistan totaled $2.3 billion during the same period. For more: https://kun.uz/en/17992541 #Remittances #LaborMigration #UzbekistanEconomy

China to Build 300 MW Solar Plant in Uzbekistan China’s Sinoma EC International will construct a 300 MW solar power plant with a 75 MW storage system in Navoi, Uzbekistan. The project supports Uzbekistan’s goal of 40% renewable energy by 2030 and strengthens energy ties with China. For more: https://kun.uz/en/69109152 #SolarEnergy #Renewables #UzbekistanNews #Kunuz #China

Bukhara to Build $320M Textile Factories Bukhara will invest $320 million to construct four textile factories, creating 5,000 jobs and doubling production. The plan includes: • Industry Specialization: Focus on textiles, food processing, and chemicals, adding 12,000 jobs. • Agriculture Expansion: Prepare 20,000 hectares for farming and grow pistachios on pastures. • Tourism Growth: Build 69 hotels and 2,000 craft shops for 2.2M tourists, generating $600M in revenue. • Foreign Investments: Utilize $2B for 106 projects in 2025, creating 105,000 jobs and $350M in exports. President Mirziyoyev urged effective implementation to unlock the region’s potential. For more: https://kun.uz/en/18315878 #Bukhara #TextileIndustry #EconomicGrowth #UzbekistanNews #Kunuz

Uzbekistan Sees Record Currency Supply in 2024 Uzbek citizens sold $13.2 billion in foreign currency to banks from January to October 2024, a 32% rise from 2023, creating a $5.5 billion market surplus. Total currency transactions reached $20.9 billion, reflecting strong confidence in the national currency. For more: https://kun.uz/en/29644475 #UzbekistanNews #Kunuz #CurrencyExchange #EconomicStability

South Korea to Invest $100M in Karakalpakstan South Korea plans a $100M investment in Karakalpakstan, focusing on agriculture, IT, and women’s education, including: • $62M for greenhouses by KIDL. • $38M for a women’s training center in Nukus. • IT and environmental projects with KOICA. The initiatives aim to boost innovation and regional development. For more: https://kun.uz/en/30246233 #Karakalpakstan #SouthKorea #Investment #Kunuz

Swiss Bank Accused in Gulnara Karimova Case Swiss prosecutors have charged Lombard Odier and a former employee with enabling Gulnara Karimova, daughter of late Uzbek President Islam Karimov, to launder billions. The bank allegedly failed to enforce compliance, allowing illicit transactions tied to Uzbek contracts. Lombard Odier denies the charges, citing prior cooperation with authorities. A former employee is accused of aiding Karimova’s dealings. Investigations into her frozen assets continue. For more: https://kun.uz/en/88841958 #MoneyLaundering #Switzerland #UzbekistanNews #Kunuz

Uzbekistan’s Gasoline Prices Average Globally Uzbekistan’s gasoline costs $0.99 per liter, aligning with the global average. Among post-Soviet nations, Turkmenistan ($0.42) and Kazakhstan ($0.49) are cheapest, while Ukraine ($1.38) is the most expensive. Globally, Iran offers the lowest prices at $0.02 per liter, and Hong Kong the highest at $3.30. Price differences stem from varying taxes and subsidies. For more: https://kun.uz/en/94804206 #UzbekistanNews #Kunuz #GasPrices #Energy

Uzbekistan Joins Global Hunger Alliance Uzbekistan has joined the Global Alliance Against Hunger and Poverty, reinforcing its commitment to combating food insecurity and achieving the UN Sustainable Development Goals. This membership offers Uzbekistan opportunities to collaborate with over 100 nations, attract investments, and develop joint solutions to address global challenges. For more: https://kun.uz/en/29495324 #UzbekistanNews #Kunuz #GlobalAlliance #FoodSecurity #SustainableDevelopment

Uzbekistan’s Top Job Demands A survey by IMRS highlights high demand for specialists in trade, agriculture, and industry, including online commerce, machinery mechanics, and textile workers. Teachers in IT and languages, plus roles like marketers and IT developers, are also sought after. Unskilled roles like cleaners and drivers remain in demand due to high turnover. For me: https://kun.uz/en/66605556 #UzbekistanNews #Kunuz #Jobs #LaborMarket