• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10904 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10904 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10904 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10904 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10904 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10904 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10904 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10904 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
08 December 2025

Uzbekistan’s IT Sector Sets Sights on United States

Uzbekistan’s revenues from IT outsourcing tripled last year to more than $300 million, after doubling every year for the previous four years. The Uzbek government believes that this rate of growth could soon bring Uzbekistan into the ranks of major IT outsourcing centers such as India, Belarus, Ukraine and Romania.

Recent reforms and investment in Uzbekistan have made the country a more attractive place to work not only for local IT professionals, but foreign workers as well. The number of companies in Uzbekistan established using foreign capital has grown seven and a half times in the last two years.

Uzbekistan is developing an IT ecosystem centered around the Tashkent IT Park. In addition to the Ministry of Digital Technologies, which is located there, 1,652 companies had become residents of the park by the end of 2023, almost half of them (767 companies) setting up over the past year. Residents of the IT park have significant tax benefits: Uzbekistan’s corporate tax ranges from four to 15%, but companies at the park are exempt from it. The IT sector now employs about 6,000 people.

The main technology export market for Uzbekistan today is the United States, which accounts for half of all IT exports. By the end of 2022, the U.S. had moved to 15th place from 20th for importing outsourcing services from Uzbekistan. Uzbek authorities aim to increase IT outsourcing to $5 billion, with the involvement of 300,000 people, as part of the country’s 2030 development strategy.

Extremists See Some Central Asian Communities as Fertile Recruiting Ground

The deadly attack on the Moscow concert hall has focused attention on the large number of Central Asian migrants living – often in grim conditions – in Russia, as well as the possible vulnerability of some of them to recruitment by extremist groups.

A Russian court on Sunday charged four migrant laborers from Taijikistan with terrorism in the attack at the Crocus City complex that killed about 140 people on Friday night, according to various media reports. The men appeared to have been badly beaten prior to their court appearances.

The Islamic State group claimed responsibility for the attack. While Tajikistan has expressed concern that “fake information” about who was behind Moscow could scapegoat its citizens, terrorism experts have noted in recent years that extremists see some Central Asian communities as fertile ground for recruitment.

A U.N. Security Council report last year highlighted the activities of the Islamic State branch in the historical Khorasan region, which includes Afghanistan and parts of Iran and southern Central Asia. The branch is known as ISIL-K.

“Regional Member States estimated current ISIL-K strength at between 1,000 and 3,000 fighters, of whom approximately 200 were of Central Asian origin, but other Member States believed that number could be as much as 6,000,” the U.N. report said.

It said the group’s propaganda magazine publishes in Pashto, Iranian, Tajik, Uzbek and Russian, and that outreach in the Tajik and Uzbek languages was “noteworthy” after an Uzbek national named Rashidov joined its media wing. Rashidov was recruited online while working as a migrant in Finland and he then moved to Afghanistan, the report said.

The Islamic State branch is “bolstering its campaign to appeal to Central Asians in their home countries and in diasporas abroad,” Lucas Webber and Riccardo Valle wrote in a Hudson Institute analysis last year. It seeks to take advantage of “the deep-seated grievances that are present across Central Asia, Afghanistan, and Pakistan,” they wrote.

Russia’s military intervention in Syria’s civil war as well as past campaigns in Chechnya and Afghanistan have made it a potential target for Muslim extremists, according to terrorism analysts.

By some estimates, 10% of Tajikistan’s workforce of more than five million people have migrated to Russia. The vast majority are men. Most leave Tajikistan legally, though some end up in violation of the law because of administrative problems or more serious offenses.

Workers’ remittances accounted for about one-third of Tajikistan’s annual GDP in 2019, according to the bank report. Tajik officials have been trying to generate job growth to reduce the economy’s dependency on money sent by its citizens abroad.

In Russia, many migrants live in hostels and overcrowded apartments, enduring poor hygiene and health.

“The majority of migrants, low skilled and economically desperate, are willing to accept any working conditions. Most migrants also have nearly zero legal literacy,”  the Asian Development Bank said in a 2020 report on labor migration in Tajikistan.

“These conditions can lead to labor exploitation by employers and police abuse and extortion by criminal gangs,” the report said. “In addition, xenophobic attitudes in the Russian Federation, cited in interviews of returned migrants, are a major difficulty of working there.”

Many details about the Moscow attack remain unclear. But there are heightened concerns about whether such migrants are being exploited – not just by employers or police, but by extremists as well.

Container Trains from China to Europe through Kazakhstan reaches 80%

On March 25th, Marat Karabaev, Kazakhstan’s Minister of Transport visited Urumqi in China’s western Xinjiang Uyghur Autonomous Region, home to the International Dry Port, the Express Delivery Center (Jitu Express), the China-Europe Railway Express Hub, and the office of the Xinjiang Trade and Logistics Corporation.

The occasion marked the anniversary of the departure of the 150th container train, Tian Shan, along the China-EU route. During the ceremony, it was stated that over the 10-year period since the launch of China’s Belt and Road initiative in 2013, about 85 thousand container trains were sent from China to Europe; 80% of which had passed through Kazakhstan.

Earlier this month, the Kazakh government announced plans to increase the volume of cargo transported by rail to 450 million tons and by road to 316 million tons. The proposed increase in transit transportation to 30 million tons will include that of cargo along the Trans-Caspian International Transport Route to at 4.2 million tons.

Kyrgyz Teenager Saved Lives During Moscow Terror Attack

The spokesman for Kyrgyz President Sadyr Japarov made a call to the teenager Islam Khalilov and his parents, to express his admiration for the young man’s actions during the Moscow terror attack on March 22. Khalilov, who was one of two teenagers working in the coat-check room at the Crocus Concert Hall, helped save people from the terrorists.

“I spoke on the phone with Islam, who saved hundreds of lives during the tragic event in Moscow. His father, Bakhtiyar, is from Suzak district [in Jalal-Abad region] and his mother, Ai-Peri, is from Ozgon. Glory to our hero,” President Japarov’s spokesman, Dayiryek Orunbekov wrote on his Facebook page, posting a video of the conversation.

Islam Khalilov said of the attack: “At first it was a normal working day, then there were strange sounds. We thought maybe the escalator broke down or maybe it came from a drunken [crowd]. Then people started running out, screaming. I realized at that moment that I had to act. I immediately did [everything I could] because I realized that if I stood there in shock, I would lose my life [alongside] the lives of hundreds of people.”

According to Khalilov, when he saw a large group of people were moving in panic towards a dead end, he led the concertgoers behind him. The young man opened an emergency door and was able to lead the crowd into the hall’s service area, through which people were able to get outside and escape the terrorists. Together with another teenager, Artem Donskov, who also worked part-time in the concert hall’s coat-check room, they helped people evacuate the hall, and more than once returned to the site of the attack to save more people.

According to Khalilov, he along with other administrative staff at Crocus Concert Hall were given instructions on what to do in the event of a terrorist attack – and during the attack they followed these instructions to the letter.

According to Russian security forces, as of March 24, 137 people had been killed and 182 injured as a result of the attack on the concert hall. More than 6,000 people were in the building at the time of the attack. Alexander Bastrykin, Head of the Investigative Committee of Russia, has instructed his agency to consider awarding the schoolboys departmental honors for their bravery.

Rise in Kazatomprom’s Revenue Amid Nuclear Ramp-Up

According to a press release on Kazatomprom’s website, the company enjoyed an outstanding rise in its financial strength in 2023 wherein generated revenue rose by 43 percent to 1.4 trillion tenge (~$3.1 billion), outpacing uranium price growth by more than 20%.

Operating profit increased to 680 billion tenge(~$1.5 billion), up 49%, and net profit for 2023 rose to 580 billion tenge (~$1.3 billion), up 23% from 2022. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) amounted to 828 billion tenge, an increase of 31%. The costs of raw materials totalled 364 billion tenge, an increase of 39%, and last year, those for sales, amounted to 28 billion tenge (~$62 million).

“There was significant volatility in the global uranium market in 2023, driven by increased interest in the transition to clean energy — and geopolitical instability,” reported Kazatomprom Board Chairman Meirzhan Yusupov.

The company emphasized that despite volatility in the uranium market, demand for nuclear energy as a stable source of low-carbon energy has increased significantly and thus demonstrates the important role of uranium in achieving sustainable development goals.

“Although some producers, including Kazatomprom, have decided to restart idle plants — or start new ones by the mid-2020s — this will not be enough to meet global needs after 2030,” the statement warned.

In a trading operations statement issued in early February, the company reported higher sales on lower production volumes. Uranium sales in consolidated terms increased to 18,100 tons, up 10%, whilst production fell by two% to 11,200 tons.

Kazakhstan currently provides about 40% of uranium required by the world’s nuclear power plants.

Kazakhstan Replaces Russia As Destination For Uzbek Migrants

Uzbekistan has become the greatest recipient of remittances from Kazakhstan. In 2023 Uzbeks sent home $588 million earned in the economy of their Central Asian neighbor, with about 80% of cross-border transfers made through the Zolotaya Korona system. Russia, Turkey, Georgia and Kyrgyzstan made up the top five.

According to World Bank data for 2023, remittances sent by Uzbeks living abroad amounted to 17.8% of the country’s GDP. Earlier, the Central Bank of Uzbekistan reported that in 2023 the volume of remittances from Russia had decreased by almost half. Last year Uzbeks sent home 41.7% less money from Russia than in 2022, falling to $8.58 billion from $14.7 billion in 2022. This redistribution of remittances is due to Russia’s military campaign against Ukraine, and migrant workers’ ensuing fear of becoming trapped in a war zone. As a consequence, significantly fewer Uzbek migrants are going to work in Russia — and many more are going to neighboring Kazakhstan. In just the first half of 2023 the number of migrant workers who registered in Russia decreased by 43% — to 1.7 million people from 2.9 million at the end of 2022.

According to statistics as of September 1, 2023, there are 2,002 officially registered migrant workers from Uzbekistan in Kazakhstan, which is 13% of the total number of workers from foreign countries. Only China sends more foreign workers into Kazakhstan, at 26% of the total.

This year, remittances to Uzbekistan will grow by 10-15%, to $12-$12.5 billion, according to a forecast by the Central Bank of Uzbekistan. This, the bank believes, will be facilitated by favorable conditions for safe and legal migration, including improvements in travel routes and work-visa regimes from Uzbekistan to foreign countries.