• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09662 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09662 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09662 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09662 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09662 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09662 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09662 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09662 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
10 May 2025

Viewing results 1159 - 1164 of 1176

Group-IB Opens First Digital Crime Resistance Center in Central Asia

TASHKENT - On December 26th, Group-IB, a leading force in cybersecurity technology combating digital crime, revealed the inauguration of its pioneering Digital Crime Resistance Center (DCRC) in Central Asia. Located in Tashkent, this state-of-the-art facility marks Group-IB’s expansion strategy, aimed at proactively confronting cyber threats worldwide, notably those originating from Russian-speaking hacker communities. Choosing Tashkent for their newest DCRC underlines Group-IB’s recognition of Uzbekistan’s economic significance and its potential to emerge as a global cybersecurity hub. The memorandum signed between the Central Bank of Uzbekistan and Group-IB in August 2023 further emphasizes the collaboration to counter cyberattacks and elevate cybersecurity measures. Group-IB plans to fortify its engagement with Uzbekistan’s higher education sector, emphasizing investment in the country's youth and its tech industry. Dmitry Volkov, CEO of Group-IB, highlighted, “Selecting Tashkent, Uzbekistan as the site for our fifth Digital Crime Resistance Center globally is a strategic move to heighten our understanding of Russian-speaking threat actors. Cybercrime knows no borders, necessitating a comprehensive approach. By establishing a DCRC in Tashkent, Group-IB aims to elevate cybersecurity standards not only in Uzbekistan but across the broader Central Asian region.”

Uzbekistan’s Economy Resilient to Global Challenges, Says IMF

According to the IMF in analysis posted on their website, Uzbekistan’s economy has demonstrated remarkable resilience to recent global challenges. Following geopolitical shocks, the economy saw an influx of migrants and a large increase in remittances in 2022, boosting domestic demand. This, coupled with higher external demand, led to real GDP growth of 5.7% in 2022, the head of an International Monetary Fund staff team said in a statement following their visit to Uzbekistan earlier this month. While remittances have fallen this year to the trend prevailing prior to Russia’s war in Ukraine, a sizable fiscal expansion, and high wage and export growth are expected to sustain real GDP growth at 5.7% in 2023. Strong imports and declining remittances will contribute to a higher external current account deficit this year. International reserves are expected to remain ample at eight-and-a-half months of prospective imports. By the end of 2023, the 12-month inflation rate is projected to decline by more than 3% compared to the same period last year, to 9%, helped by a value-added tax rate cut, and lower international food and energy prices. The IMF says the outlook for 2024 remains positive, and while risks remain, growth is projected to remain above 5%. “Preserving macro-financial stability and continuing structural reforms are key to bolstering resilience and sustaining robust economic growth amidst the challenging current global context,” the statement said. Accelerating World Trade Organization negotiations and cooperating with neighboring countries to improve transport routes will reduce transportation costs and open new markets for Uzbekistan’s products, the IMF statement concludes.

Islamic Extremism in Central Asia: A Threat to Liberal Progress

Afghanistan earned its reputation as the “graveyard of empires” due to the significant toll exacted on foreign powers in their efforts to achieve military success in the country. This challenge was evident in the experiences of the British Empire, the Soviet Union, and, most recently, the United States. The persistent and decentralized nature of the country's tribal insurgency made achieving a definitive victory a formidable task. Furthermore, the adherence of groups harbored by the Taliban, such as Al Qaeda, to an extremist religious ideology spread terrorism globally, including in the 9/11 attacks as well as other deadly acts of violence in various parts of the world. While the United States arguably played a constructive role in modernizing Afghanistan, the establishment of democracy and Western values in the country proved to be an insurmountable challenge, even with over $100 billion in foreign aid. With heightened tensions between the Islamic and Western populations reignited in the Levant after the deadly Hamas attack on Israel on 7 October 2023, the threat of Afghanistan-based extremists redirecting their focus towards the West has intensified. Often overlooked is the fact that Salafists jihadists and other radical groups also pose a challenge to the emerging democracies in Central Asia as these Muslim-majority secular republics are seen as areas to spread their undemocratic and potentially violent influence. In this context, policies that may even inadvertently help promote illiberal religious movements threaten the region’s secular identity and the security of its peoples. We should assess Central Asia’s unique position on religious freedoms but also on jihadist threats For the large part, Western countries come from a privileged position of being able to resist the widespread influence from Islamic extremist movements at home thanks mainly to generations of democratic institution building as well as decent geographic distance to areas that would fall under pan-jihadist aspirations. Consider that there is no apparent threat of jihadists entirely displacing Western democratic institutions or imposing a pan-Islamist state encompassing parts of Western nations; most Western lands do not fall on areas some of these groups want to conquer to create an Islamic Caliphate. On the other hand, many other places, including Central Asia, still risk misconstruing the line between defending individual freedoms and combatting religious extremism. Here, the coexistence of extremist Islamic ideologies and democracy remains somewhat precarious. Islamic radicalism continues to pose a serious challenge to the emerging democracies of the region, where the secular republics are trying to keep a lid on certain hostile ideologies. Militant groups spilling over from Afghanistan and infiltrating post-Soviet countries want to spread jihad to the region and create an Islamic Khaganate stretching from Egypt to China. Pan-Islamist Salafists, such as Islamic State-Khorasan Province (ISKP) and Al Qaeda, have a clear goal to overthrow Central Asia’s secular regimes. Moreover, the determination of Salafists jihadists and other groups to spread their illiberal and violent struggle to Central Asia (including from neighboring Afghanistan) has become apparent through their growing presence in the region’s schools and other spheres of public...

Government to Support Projects of Young Investors and Entrepreneurs

On December 25th, Deputy Minister of Investment, Industry and Trade, Khurram Teshabayev took part in a dialogue between the Ministry and young Uzbek investors and entrepreneurs, the Ministry’s official website reported. The event gathered senior officials of the ministry and more than 500 representatives of the younger generation - successful investors and business people from all regions of the country, in online and offline formats. Opening the meeting, Teshabayev emphasized the importance of involving young people in entrepreneurial and investment activities, saying that a number of opportunities have been created in Uzbekistan to realize the potential of young people, including within the framework of the “Uzbekistan-2030 Strategy”. Today, the task of providing comprehensive support to young entrepreneurs and investors has been elevated to the level of state policy, the Deputy Minister said. Youth industrial-entrepreneurial zones with preferential treatment for manufacturers have been created, a fund to support young entrepreneurs has been established, which provides assistance in the implementation of investment projects and entrepreneurial initiatives, covering the production of products and the provision of services, startup projects and scientific research. Young entrepreneurs can receive support both by obtaining an infrastructurally developed territory for organizing production facilities, and in the form of financial assistance for the implementation of projects for the production of import-substituting products that are in high demand in foreign markets. To date, the Fund for Support of Young Entrepreneurs has allocated funds for the implementation of about 700 youth projects, with about 150 of them located in Youth Industrial Zones.

Natural Gas Production in Uzbekistan Down by 4.5 Billion Cubic Meters in 2023

According to Uzbekistan’s Statistics Agency, over the eleven months of 2023 to December, Uzbekistan reduced natural gas production by more than 4.5 billion cubic meters compared to the same period last year. From January-November, 42.7 billion cubic meters of gas was produced, compared to 47.3 billion cubic meters in 2022. Official statistics also recorded a decrease in the country’s oil production by 12,000 tons from January-November. In recent years, Uzbekistan’s natural gas industry has experienced problems due to the depletion of reserves at existing fields. This year, Uzbekistan started importing natural gas from Russia through Kazakhstan. A government meeting chaired by President Shavkat Mirziyoyev earlier this month focused on maintaining natural gas production volumes at existing fields and discovering new reserves. The meeting considered ways of transitioning to geological drilling at a depth of 6-7 kilometers using advanced technologies. It was stated at the meeting that in recent years, the depth of geological exploration has been increased from 2-3 kilometers to 4-5 kilometers. In 2024, it is planned to carry out seismic work on an area of 3.5 thousand square kilometers and drill new exploration wells.

President Reiterates Resolve to Combat Crime and Corruption

The authorities have taken firm measures to crack down on organized crime in Uzbekistan, President Shavkat Mirziyoyev said, commenting on a drive to combat corruption and crime in the country. Mirziyoyev made the remarks on December 22nd, at an extended meeting of the National Council on Spirituality and Education. In his speech, President Mirziyoyev said, “We can never remain on the sidelines. Be it criminal gangs calling themselves ‘street gangs,’ corrupt officials, or those who break the law and cause harm to the state and society. Our streets, our neighborhoods, our lives should literally be peaceful and clean, free of crime. In the new Uzbekistan, the law must prevail, and punishment for crimes must be inevitable. And, of course, it will be so.” On December 22nd, Uzbek media reported that the former governor of the Izboskan District in the eastern region of Andijon, Serobiddin Ismoilov, was arrested two days earlier on charges of abuse of power. The reports come days after officials announced the arrest on corruption charges of former Agriculture Minister, Aziz Voitov; former Bekobod District chief, Shuhrat Mirzaev; the deputy governor of the Namangan region, Saidahmad Sultonov; the former governor of the Bukhara district, Khairullo Joraev; and several top Customs Committee officials.