• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
21 January 2025

Viewing results 7 - 12 of 79

Uzbekistan Moves to Penalize Financing of Mass Disturbances

Uzbekistan’s Parliament, the Oliy Majlis, is taking decisive steps to address the organization and financing of public disturbances. On December 11, the Legislative Chamber approved a draft law amending Article 244 of the Criminal Code. Passed in its first reading, the amendments aim to strengthen the country’s legal framework for tackling mass disturbances. During a parliamentary session on December 24, the draft law advanced further, reaching its third reading and gaining adoption. The updated Article 244 introduces several significant changes: A new third section establishes specific liability for individuals undergoing training with the intent to participate in mass disturbances. A fourth section introduces fines for financing such activities. A fifth section provides an exemption from criminal liability for individuals who voluntarily report to law enforcement after undergoing such training. These amendments are designed to deter organized disturbances while promoting cooperation with authorities.

Uzbek-Chinese Team Uncovers Han Dynasty Relics

A joint archaeological team from China and Uzbekistan has unearthed significant cultural relics at the Mengchaktepa site in Uzbekistan. Among the discoveries are silk fragments, coins, and a bronze mirror dating back to the Han Dynasty (206 BC-AD 220). The excavation uncovered six tombs and two buildings. These findings could provide deeper insights into the Silk Road during the Wei (220-265), Jin (265-420), and Northern and Southern Dynasties (386-589). This marks the first discovery of silk at Mengchaktepa or anywhere in the Fergana Valley in nearly 40 years. The last such finding, in the 1980s, confirmed that the silk was produced in China. Since 2012, the China-Uzbekistan archaeological team has focused on excavating Mengchaktepa, uncovering relics that underscore frequent trade and cultural exchanges in the region. The area excavated in 2024 is located in the northwest corner of the site. Research from 1986 indicated that this part of the site was contemporaneous with the Wei, Jin, and Northern and Southern Dynasties in China. Liu Tao, a member of the Chinese Academy of Social Sciences and leader of the archaeological team, noted that silk fragments were discovered near the tibia of a tomb skeleton. These fragments are believed to be remnants of trousers. Further studies are underway to confirm the silk’s origin. Copper coins were also recovered, including one too rusted to identify markings. Researchers determined it to be a Chinese-style coin featuring a circular shape with a square hole, reflecting Chinese cultural influence. Both the silk and coins have been sent to a laboratory for detailed analysis, with results expected in 2025. The six tombs excavated feature unique designs distinct from ancient Chinese tombs. They employed reed coffins, constructed using locally available reed stalks braided and wrapped with wood. This adaptation likely utilized materials sourced near the Syr Darya River. However, the tomb structures resemble those of Central China. They include passages, adobe-sealed doors, and cave chambers. One of the larger tombs measures 3 meters wide, 4 meters long, and 2 meters high. It features an arched ceiling, steps connecting the passage to the chamber, and an adobe gate. Cave chamber tombs first appeared during the Warring States Period (475-221 BC) and became prominent during the Han Dynasty. The Times of Central Asia previously reported that this team had unearthed seven tombs, two buildings, and numerous artifacts, including silk fabrics, leather goods, bronze mirrors, square-holed coins, and beads at Mengchaktepa. These findings continue to shed light on the rich cultural and trade connections between Central Asia and China in ancient times.

Uzbekistan’s Foreign Trade Turnover Reaches $59.4 Billion in 2024

From January to November 2024, Uzbekistan’s foreign trade turnover (FTT) reached $59.4 billion, marking an increase of $2.1 billion or 3.6% compared to the same period in 2023, according to the Uzbek Statistical Agency. The volume of exports rose to $24.2 billion, a 4.4% increase compared to January-November 2023. Imports totaled $35.1 billion, growing by 3.0% over the same period. Kazakhstan emerged as one of Uzbekistan’s largest economic partners, following China and Russia. Factors contributing to this include a shared border, trade liberalization, and economic collaboration within the CIS free trade zone. Uzbekistan currently conducts trade with 195 countries, with significant FTT shares attributed to: China: 19.0% Russia: 18.0% Kazakhstan: 6.5% Turkey: 4.4% South Korea: 3.0% The Commonwealth of Independent States (CIS) countries accounted for 35.4% of Uzbekistan’s FTT during this period, reflecting a 3.0% increase from 2023. The growing economies of Uzbekistan’s trading partners in the CIS suggest a potential for increased demand for Uzbek exports. However, trade with non-CIS countries saw a decline. Uzbekistan’s trade share with other foreign nations dropped by 3.0% compared to the same period in 2023, comprising 64.6% of the total FTT.

Uzbekistan to Build New Solar Plant with World Bank Support

The World Bank has approved a $3.5 million payment guarantee to support Uzbekistan’s renewable energy development. The guarantee covers the National Electric Grid of Uzbekistan JSC’s obligation to purchase electricity from a 100-megawatt solar power plant to be built and operated by the French company Voltalia in the Khorezm region. Details of the Solar Plant Project The solar plant, set to be commissioned in November 2025, will span 177 hectares and generate more than 240 gigawatt-hours of renewable energy annually. It is projected to reduce CO₂ emissions by over 230,000 metric tons each year and produce enough clean energy to power approximately 60,000 households. This initiative aligns with Uzbekistan’s commitment to increasing clean energy production and advancing its transition to a green economy. Broader World Bank Support In addition to this project, the World Bank has allocated $800 million to accelerate Uzbekistan’s transformation into an inclusive and stable market economy. This financing supports reforms to: Improve the business environment. Enhance agriculture, railways, and energy efficiency. Strengthen public finance management. Expand social services. Increase preparedness for environmental risks. Favorable Financing Terms The World Bank’s financial support employs highly concessional loans, offering low-cost, long-term repayment options that are more favorable than standard international financial market rates. Uzbekistan’s collaboration with the World Bank underscores its strategic focus on sustainable development and clean energy to meet environmental and economic goals.

Uzbekistan Completes Bilateral WTO Talks with U.S.

Uzbekistan has successfully concluded bilateral negotiations with the United States as part of its efforts to join the World Trade Organization (WTO), according to Azizbek Urunov, Special Representative of the President of Uzbekistan for the WTO. Urunov announced the milestone on his LinkedIn page. “Uzbekistan and the United States signed today, on December 19, 2024, the Protocol on the completion of the bilateral market access negotiations within Uzbekistan’s WTO accession,” Urunov wrote. The protocol was signed by Deputy Prime Minister Jamshid Khodjaev and U.S. Trade Representative Katherine Tai. Urunov described 2024 as a “historic year” for Uzbekistan’s WTO membership process, noting significant progress achieved by the end of the year. Expressing gratitude, Urunov commended the U.S. negotiating team for its constructive engagement and lauded the dedication of Uzbekistan’s negotiators. He emphasized the country’s commitment to finalizing its WTO accession by 2026, under the leadership of President Shavkat Mirziyoyev. In addition to the United States, Uzbekistan has also concluded bilateral negotiations with China, signaling accelerated efforts to meet its WTO membership target.

Uzbekistan Searches for Two Chechens Accused of Allamjonov Assassination Attempt

Uzbekistan has placed two Chechen residents, Bislan Rasayev and Shamil Temirkhanov, on Interpol’s wanted list in connection with an alleged assassination attempt. According to Vzglyad.uz, the two men are accused of multiple crimes and were allegedly offered $1.5 million to kill Komil Allamjonov, the former head of the Information Policy Department of the Presidential Administration, and Dmitry Li, head of the National Agency for Prospective Projects (NAPP). Rasayev, 36, and Temirkhanov, 31, reportedly attempted to assassinate Allamjonov. Investigators allege that the pair entered Uzbekistan via separate routes -- one crossing the Uzbek-Kyrgyz border illegally and the other entering through the Dostlik checkpoint -- while following instructions from their clients. The case gained attention following reports of an armed attack on October 26. According to the Prosecutor General's Office, the incident occurred outside Tashkent, on Ifor Street in the Qibray district. Unidentified individuals fired multiple shots at a Range Rover driven by a man identified as "S.S." before fleeing the scene. The investigation has revealed material evidence collected at the crime scene, in vehicles used by the suspects, and at their places of residence. These findings have been critical to the case. Authorities have identified seven individuals connected to the crime. While five suspects are currently in custody, Rasayev and Temirkhanov remain at large. Some media outlets have speculated about possible links to Chechen leader Ramzan Kadyrov, though no official confirmation has been provided.