Our People > Sadokat Jalolova

Sadokat Jalolova

Journalist

Jalolova has worked as a reporter for some time in local newspapers and websites in Uzbekistan, and has enriched her knowledge in the field of journalism through courses at the University of Michigan, Johns Hopkins University, and the University of Amsterdam on the Coursera platform.

Articles

Ecology Environmental Awareness Biodiversity UNDP Environment Green economy

Uzbekistan Launches Two New Environmental Projects

Uzbekistan has initiated two major international projects aimed at environmental protection and advancing the green economy. The projects, spearheaded by the Ministry of Ecology, Environmental Protection, and Climate Change in partnership with the United Nations Development Program (UNDP), are funded by the Global Environment Facility (GEF) with a total budget of $6.5 million. Both initiatives are set to run through 2030. Project 1: Updating the National Biodiversity Strategy The first initiative, titled the “Comprehensive Programme to Support the Renewal of the National Biodiversity Strategy and Action Plan (NBSAP) and the Seventh National Report,” is part of a global effort involving 69 countries, including Uzbekistan. This project aims to update Uzbekistan’s National Biodiversity Strategy and Action Plan in alignment with the Global Biodiversity Framework. The updated plan will guide the country’s efforts to conserve its rich biodiversity and address environmental challenges. Project 2: Restoring Valuable Ecosystems The second project, named “Integrated Management for the Protection and Restoration of Highly Valuable Landscapes in Uzbekistan,” focuses on restoring ecosystems and exploring sustainable financing methods for biodiversity conservation. Pilot areas for this initiative include the Western Tien Shan, Nurata Mountains, and Kugitang landscapes. These ecologically significant regions are home to diverse flora and fauna and are considered critical for Uzbekistan’s environmental health. A key partner in the ecosystem restoration project is the International Union for Conservation of Nature (IUCN), which established a regional office in Tashkent in 2024 to support conservation efforts in Central Asia. Key Statements Deputy Minister of Ecology Iskandar Kutbiddinov highlighted the importance of these projects during their launch. “These initiatives align with Uzbekistan’s goals for a greener future and will play a vital role in preserving our country’s biodiversity and ecosystems,” Kutbiddinov said. UNDP Resident Representative Akiko Fujii also praised the country’s environmental efforts, noting that “Uzbekistan is taking significant steps to protect and restore its rich biodiversity and unique ecosystems.” With the launch of these two projects, Uzbekistan is strengthening its commitment to environmental protection and sustainable development. By aligning with global biodiversity goals and restoring vital ecosystems, the country is paving the way for a greener, more sustainable future.

8 hours ago

e-Commerce Digital Technologies Economic Cooperation taxes Economy

eBay Officially Registers for Tax Purposes in Uzbekistan

The American e-commerce giant eBay has officially registered for tax purposes in Uzbekistan, according to UzDaily. As a result, eBay will now pay value-added tax (VAT) on its services in the country. Other global companies, including Netflix, Amazon, Google, Apple, and Zoom, are also registered with Uzbekistan’s special tax office for foreign digital companies. In total, 64 foreign companies are currently complying with the country’s VAT requirements. The Tax Committee of Uzbekistan reported that 61 foreign companies providing electronic services contributed 101.9 billion UZS (approximately $7.89 million USD) in taxes to the national budget between January and September 2024. This represents a 2.1-fold increase compared to the same period in 2023, highlighting the growing importance of foreign digital service providers in Uzbekistan's economy. In December 2024, Uzbekistan introduced new regulations requiring all companies providing e-commerce services to register as legal entities in the country. Despite their tax registrations, major platforms like eBay and Amazon have not yet established physical offices in Uzbekistan, raising questions about their long-term plans for expanding operations in the local market. In related news, The Times of Central Asia previously reported that Binance, one of the world’s largest cryptocurrency exchanges, will officially begin offering services to users in Uzbekistan. This move underscores the country’s growing focus on integrating global digital platforms into its economy. eBay’s registration for VAT in Uzbekistan marks another step in the country’s efforts to regulate and tax the growing digital economy. As more global companies comply with Uzbekistan’s tax requirements, questions remain about whether these platforms will deepen their presence in the country by establishing local offices.

9 hours ago

Russia Economy Remittances Migrant Workers money tranfer International Finance

Uzbekistan Receives $14.8 Billion in Remittances in 2024

The total volume of remittances sent to Uzbekistan in 2024 reached a record $14.8 billion, marking a 30% increase - equivalent to $3.4 billion - compared to the previous year. This data comes from the Central Bank’s Brief Review on Currency Transactions of Individuals. Key Sources of Remittances Russia remains the dominant source of remittances for Uzbekistan, accounting for 77% of the total, or $11.5 billion - a 29% increase from 2023. Other key contributors include: Kazakhstan: $795 million United States: $577 million South Korea: $534 million Turkey: $405 million United Kingdom: $135 million July saw the highest inflow of remittances, with $1.785 billion received, while February recorded the lowest amount, at $738 million. Remittance growth varied significantly by country / region: United Kingdom: Up 83% South Korea: Up 56% United States: Up 35% European Union: Up 32% While inflows surged, the volume of remittances sent abroad from Uzbekistan also grew, increasing by 19% in 2024 to reach $2.8 billion. Russia remains the largest source of remittances to Uzbekistan, thanks to the significant number of Uzbek migrants working there. However, new restrictions introduced in 47 Russian regions, including the occupied territories of Crimea, Sevastopol, and Zaporozhye, could negatively impact Central Asian migrant workers. According to the Russian Ministry of Internal Affairs, there were more than 6.1 million foreigners in Russia in 2024, the majority from Central Asia and other CIS countries. Among them, over 1.88 million Uzbek citizens visited Russia during the first eight months of the year, underscoring the strong ties between Uzbek migrant labor and Russia's economy. The substantial increase in remittances highlights the critical role of labor migration in Uzbekistan’s economy. However, the evolving regulatory environment in key source countries like Russia could pose challenges for Central Asian migrants and, by extension, Uzbekistan’s remittance-dependent economy.

9 hours ago

Finance Government Cryptocurrency Digital Technologies Financial Market

Binance Officially Launches Operations in Uzbekistan

The National Agency for Prospective Projects has announced that Binance, one of the world’s largest cryptocurrency exchanges, will officially provide services to users in Uzbekistan. According to the agency’s press service, Binance will operate in the country through the local company CoinPay LLC, ensuring compliance with Uzbekistan’s laws. Residents of Uzbekistan will be able to access the platform via coinpay.uz, which will allow users to deposit and withdraw funds in the national currency using bank cards and local payment systems. “The system will launch after integrating all partner platforms, including national payment systems,” the agency stated. Legal Challenges Resolved This development comes after Binance faced regulatory challenges in Uzbekistan. In January 2024, the National Agency for Prospective Projects fined Binance for non-compliance with the country’s laws on cryptocurrency asset turnover. The agency subsequently filed a lawsuit in the Tashkent City Economic Court to enforce the fine. The court trial, which ran from March 26 to June 7, 2024, ruled in favor of the agency. Binance was fined 300 base calculation amounts, which the company paid in full to the state budget. Binance’s Expansion in Central Asia Uzbekistan is the latest addition to Binance’s growing presence in Central Asia. The exchange launched its first local digital asset platform in the region in Kazakhstan in June 2023. This platform is based at the Astana International Financial Center. Later that year, Binance Kazakhstan partnered with the National Bank of Kazakhstan and the National Payment Corporation to implement a groundbreaking project: the issuance of the world’s first stablecoin backed by a national digital currency. This innovation was tested on the BNB Smart Chain (BSC) network. Binance has also made efforts to engage with the cryptocurrency community in Kyrgyzstan. In January 2023, the company held its first community meet-up in the country. In May of that year, Binance’s regional head for Central Asia, Kirill Khomyakov, described Kyrgyzstan as a promising market for cryptocurrency development. However, despite these initiatives, Binance has not yet officially launched operations in the Republic. Binance’s official entry into Uzbekistan marks another step in its strategic expansion across Central Asia. By complying with local regulations and collaborating with a licensed partner, Binance has reinforced its commitment to integrating its platform into Uzbekistan’s growing cryptocurrency landscape.

1 day ago

Agriculture Economy Trade EAEU Agricultural Produce

Kazakhstan Restricts Potato Exports to Non-EAEU Countries Amid Price Surge

Rising potato prices in Kazakhstan have prompted the government to impose a six-month restriction on potato exports to non-Eurasian Economic Union (EAEU) countries, according to Tengrinews. The decision is aimed at stabilizing domestic prices and preventing further spikes. Price Surge Linked to High Export Demand The price increase has been driven by strong demand from neighboring countries, particularly Uzbekistan, and rising export prices. In 2024, Kazakhstan’s potato exports increased by 1.5 times, from 411,000 metric tons to 605,000 tons, according to government data. Export-oriented producers significantly raised their prices, increasing them from 170 KZT ($0.32) to 270 KZT ($0.51) per kilogram. This spike in export demand has directly impacted the domestic market, with retail prices soaring in many regions. For example: In Aktobe, potatoes were sold for no more than 200 KZT per kilogram in early January but doubled within a week. In supermarkets, prices have climbed to 388 KZT ($0.73) per kilogram, with some areas seeing prices as high as 400 KZT ($0.75) per kilogram. Even lower-quality potatoes have become more expensive, as sellers report rising costs with every new shipment. Export Restrictions to Stabilize Prices To address these challenges, the government has restricted potato exports to non-EAEU countries for six months. Exports to EAEU member states will continue but under stricter oversight. As part of these measures, the issuance of phytosanitary certificates for exports has been entirely suspended as of January 16, 2025. Sufficient Reserves to Meet Domestic Needs Despite the export restrictions, the Ministry of Agriculture has assured citizens that domestic reserves are sufficient to meet demand until the early 2025 harvest. As of January 19, reserves (excluding stocks in trade networks) amount to over 850,000 tons. Key figures from 2024 and early 2025 include: Total potato harvest (2024): 2.9 million tons, including 300,000 tons from the early harvest. Imports (2024): 56,000 tons. Consumption (August–December 2024): 844,000 tons. Exports (2024): 620,000 tons. Forecasted consumption (January–April 2025): 675,000 tons. The government’s measures aim to ensure that prices stabilize while maintaining sufficient supplies for domestic consumers until the next harvest. Growth vs. Food Security Kazakhstan’s decision to restrict potato exports to non-EAEU countries highlights the delicate balance between export-driven agricultural growth and ensuring food security at home. While the restrictions are expected to ease price pressures domestically, they underscore the challenges of managing supply chains and export demand in a region with fluctuating agricultural dynamics.

1 day ago