• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09735 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09735 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09735 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09735 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09735 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09735 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09735 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09735 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28575 -0.14%

Viewing results 1 - 6 of 1354

TikToker Arrested for Insulting Uzbek Citizens Online

Valeriy Yugay, a TikToker from Uzbekistan’s Tashkent region known online as Abdullah, has been arrested after making a series of offensive videos targeting Uzbek citizens while abroad. According to Bobur Tulaganov, spokesperson for the Tashkent Regional Department of Internal Affairs, Yugay recorded and published the videos during his stay in South Korea in October and November 2024. In the videos, he allegedly insulted Uzbeks, made statements that could incite ethnic hatred, and expressed disrespect for national values and religious beliefs. Yugay was returned to Uzbekistan on March 25, arriving on a flight from Abu Dhabi to Samarkand, where he was immediately detained by law enforcement authorities. A criminal case has been opened against him under Uzbekistan’s Criminal Code, and a court has ordered his pre-trial detention while the investigation proceeds. The 26-year-old reportedly made several inflammatory statements, including denying the legitimacy of the Uzbek state, expressing regret about being born there, and vowing never to return. In one particularly controversial video, he insulted Uzbek women and claimed he would harm his own mother in exchange for social media likes and followers. The Internal Affairs Department stated that his remarks sparked widespread public outrage across Uzbekistan. Following his arrest, Yugay admitted guilt and issued a public apology. “I, Valeriy Yugay, insulted our people on social media. I did it for attention and recognition. But now I realize my mistake and deeply regret it. I sincerely apologize to everyone,” he said.

Belgium Transfers $108 Million in Seized Assets to State Treasury Following Uzbek Corruption Probe

On March 28, 2025, the Brussels Public Prosecutor instructed Belgium’s Central Office for Seizure and Confiscation (COSC) to transfer $108 million in confiscated assets to the Belgian state treasury. The funds, now officially the property of the Belgian government, were seized in connection with an international corruption investigation linked to Uzbekistan. The case stems from a years-long probe into illicit payments and bribes tied to telecom contracts in Uzbekistan. The funds were allegedly laundered and routed through various jurisdictions before being frozen in Belgium at the request of Uzbek authorities. The investigation, based on international legal cooperation and the UN Convention Against Corruption, initially led to the freezing of approximately $200 million. A Dutch-language court in Brussels later ruled that the full amount, including accrued interest, should be permanently confiscated. The court also ordered the funds to be split between Belgium and Uzbekistan, applying a restitution model similar to those used among European Union member states. As a result, another $108 million is expected to be transferred to Uzbekistan in the near future. In 2022, Uzbekistan’s Deputy Minister of Justice Muzraf Ikramov publicly stated that assets worth $240 million, linked to a criminal group associated with Gulnara Karimova, had been located in Belgium. He noted that cooperation between Uzbek and Belgian law enforcement agencies had been established to facilitate their return. When contacted by Kun.uz for comment, Uzbekistan’s Ministry of Justice said that details of the investigation remain classified. “Since the investigation process in Belgium is not over, and due to the confidentiality rules, it is not possible to disclose much information about these assets,” a ministry official said.

Kyrgyz Lawmaker Challenges $15 Tint Fee for Drivers Crossing into Uzbekistan

Kyrgyz drivers crossing into Uzbekistan are being charged a $15 fee if their vehicle windows are tinted, a policy that has drawn criticism from Kyrgyz lawmaker Dastan Bekeshev. Speaking during an April 2 session of the Jogorku Kenesh (Supreme Council of Kyrgyzstan), Bekeshev urged the government to either introduce a reciprocal fee for Uzbek vehicles entering Kyrgyzstan or to negotiate with Tashkent to eliminate the charge altogether. Addressing Foreign Minister Jeenbek Kulubaev, Bekeshev explained that many Kyrgyz citizens regularly travel between Jalal-Abad and Batken, routes that often require passage through Uzbek territory. “They charge $15 for every car with tinted rear windows, almost every day. But we don’t charge them anything,” he said. The fee is collected via Uzbekistan’s MBANK mobile application, streamlining payment for drivers. Many Kyrgyz citizens consider the charge unjustified and burdensome. Tinting regulations differ significantly between the two countries. In Kyrgyzstan, individuals must pay 50,000 KGS (around $576) annually to tint their vehicle windows, while businesses pay 70,000 KGS (about $807). In Uzbekistan, rear window tinting is permitted at no cost, but tinting front windows costs approximately 3 million UZS (around $234) per year. Kulubaev acknowledged that the issue had not been formally raised before but assured lawmakers that it would be examined. “We can discuss this on a mutual basis and bring it up at an intergovernmental commission meeting,” he stated. Uzbekistan introduced the $15 fee in 2018 through a government decree aimed at regulating vehicle window tinting. Proceeds from the fee are directed to the state budget. The debate now centers on whether Kyrgyzstan should adopt a reciprocal policy or seek a bilateral agreement to eliminate the fee, a decision that may set a precedent for broader discussions on regional transportation and cross-border regulations.

Uzbekistan Prepares to Host Historic Central Asia-EU Summit in Samarkand

Samarkand is set to host the first-ever Central Asia-European Union (EU) summit on April 3-4, marking a pivotal moment in relations between the two regions. In the lead-up to the event, Uzbek President Shavkat Mirziyoyev spoke with Euronews about the growing cooperation between Central Asia and the EU. Deepening Economic Ties President Mirziyoyev emphasized the historical and strategic depth of Central Asia’s relationship with the EU. “Over the past 30 years, our partnership has grown steadily in trade, investment, security, and digital transformation. Today, we are entering a new phase of cooperation that will benefit both regions,” he said. In recent years, economic ties between the regions have strengthened significantly. Trade turnover has quadrupled over the past seven years, reaching €54 billion. European companies are increasingly investing in Uzbekistan and across Central Asia. Mirziyoyev noted that Central Asia has become a model for constructive dialogue and cooperation. “We have proven that through dialogue and mutual respect, we can resolve even the most complex issues. The recent agreement between Kyrgyzstan and Tajikistan on border demarcation is a testament to this approach.” As chair of the Central Asian Five, Uzbekistan is prioritizing regional security, economic integration, and environmental sustainability. Key infrastructure projects, such as the Trans-Caspian and Trans-Afghan transport corridors, are central to improving connectivity with international markets. To attract further European investment, Uzbekistan has introduced reforms to improve the business climate. In 2024, trade with EU member states reached $6.4 billion, and more than 1,000 European companies now operate in the country. The anticipated signing of the Enhanced Partnership and Cooperation Agreement (EPCA) is expected to deepen economic relations. Mirziyoyev also proposed aligning the EU’s Global Gateway strategy with regional transport initiatives. “We must work together to simplify trade procedures and ensure that Central Asian products gain greater access to European markets. Only through joint efforts can we build a strong and resilient economic partnership,” he stated. He added that enhanced financial assistance from European institutions could further bolster the region’s economic resilience. Energy and Security: Shared Priorities Central Asia is emerging as an important player in global energy markets, particularly in renewable energy. Uzbekistan is implementing over 50 solar and wind projects, aiming to raise the share of renewables to 54% within five years. “Green energy is the future, and Uzbekistan is ready to lead this transformation in our region. A Central Asia-EU Clean Energy Partnership will help us achieve this goal,” Mirziyoyev said. On security, he emphasized the need for coordinated efforts to combat terrorism, extremism, and cyber threats. “We must strengthen our cooperation in security matters, because stability in Central Asia means stability in Europe as well.” Uzbekistan also continues its active engagement with Afghanistan, stressing the importance of inclusive dialogue and regional support. “Afghanistan should not be left in isolation. We must continue dialogue and provide support to help the Afghan people rebuild their country,” the president concluded.

Uzbekistan’s Foreign Debt Climbs to $64.1 Billion in 2024

Uzbekistan’s total external debt rose to $64.1 billion in 2024, accounting for 55.7% of the country’s gross domestic product (GDP), according to a new report from the Central Bank on the balance of payments, international investment position, and external debt. This marks an increase from 51.9% at the end of 2023. The country’s external debt includes both public and private liabilities, though many private-sector entities, particularly in banking and industry, are partially or wholly state-owned. The government controls approximately 65% of the banking sector and holds stakes in major enterprises such as UzAuto Motors and Uzbekneftegaz. These companies, along with state-owned banks like the National Bank of Uzbekistan (NBU) and Uzpromstroybank, have collectively issued billions in debt over recent years. Corporate (or private sector) external debt rose by $6.6 billion to $30.2 billion, equivalent to 26.2% of GDP. Government debt increased by $4.2 billion, reaching $33.9 billion, or 29.5% of GDP. Since 2016, Uzbekistan’s external debt has expanded 4.4 times, from $14.7 billion to $64.1 billion. Corporate debt has nearly quadrupled during that period, while government debt has grown by a factor of 5.2. Although the growth rate of public external debt has decelerated in recent years, corporate debt, primarily borrowed by state-owned banks and companies, continues to rise sharply. According to projections from the Ministry of Economy and Finance, Uzbekistan’s public debt is expected to reach $45.1 billion by the end of 2025, representing 36.7% of projected GDP. By the end of 2024, public debt is estimated to total $39.7 billion.

U.S. Tech Giant Honeywell Expands Operations in Uzbekistan

Honeywell, a global leader in integrated technology solutions, has expanded its footprint in Uzbekistan by establishing a new legal entity, Honeywell Industrial Automation LLC. The initiative aims to support the digital transformation and automation of key industrial sectors in Uzbekistan and reflects a broader commitment to strengthening U.S.-Uzbek commercial ties. The official launch was celebrated on March 25 at a reception hosted by U.S. Ambassador to Uzbekistan Jonathan Henick at his residence in Tashkent. The event was attended by Uzbekistan’s Minister of Energy, Jurabek Mirzamakhmudov. Ambassador Henick reiterated the U.S. Embassy’s strong support for Honeywell’s initiatives, stating he looked forward to "the continued growth and success of American businesses in Uzbekistan." Honeywell emphasized its dedication to advancing Uzbekistan’s digital and energy strategies. The company has long-standing partnerships with both government and private sectors, especially in oil and gas, petrochemicals, mining, and metallurgy. As part of its expansion, Honeywell announced plans to establish a Global Engineering Center (GEC) in Tashkent. The new center will serve as a regional hub for advanced engineering solutions, while also fostering local talent and innovation. Earlier, Honeywell representatives held talks with the leadership of Uzbekneftegaz JSC to discuss the integration of cutting-edge technologies into Uzbekistan’s oil and gas sector.