Uzbekistan to Abandon State Price Regulation on Coal
Uzbekistan plans to abandon state price regulation on coal following a resolution to raise tariffs for electricity and gas, aiming to transition to market-based pricing in the energy sector.
Latest publications in Economy
in Economy / Uzbekistan,
Kyrgyzstan Chooses 6.2% Economic Growth Forecast Amid Kumtor Mining Plans
Kyrgyzstan opts for a 6.2% economic growth forecast over the more optimistic 8.4%, attributing the decision to mining low-grade ore at Kumtor for the next two years.
in Economy / Kyrgyzstan,
Legal Entities to Make 100% Prepayments for Electricity and Gas Starting July 1, 2024
Legal entities will be required to make 100% prepayments for electricity and natural gas starting July 1, 2024, due to issues with metering devices and illegal connections, in order to prevent the increase of debtor balances.
in Economy / Uzbekistan,
IMF Audit Reveals Turkmenistan's GDP Growth Lower than Officially Stated
An IMF audit reveals Turkmenistan's real GDP growth in 2023 was significantly lower than officially declared figures, signaling a notable economic slowdown in the country.
in Economy / Turkmenistan,
Reprofiling at Lamp Factory in Mayluu-Suu to Introduce New Products
The lamp factory in Mayluu-Suu is diversifying its production by venturing into glassware production, LED lamp manufacturing, and mineral wool production, among other initiatives, to boost economic growth and create new job opportunities.
in Economy / Kyrgyzstan,
International Monetary Fund Improves Economic Growth Forecast for Kyrgyzstan in 2024
IMF expects Kyrgyzstan's GDP to grow by 4.4% in 2024, with inflation rates set to decrease as well. Various financial institutions provide optimistic forecasts for the country's economy.
in Economy / Kyrgyzstan,
Uzbek-Ukrainian Business Council Discusses Cooperation Measures
The Uzbek-Ukrainian Business Council aims to strengthen cooperation between entrepreneurs of both countries, addressing issues like customs values and exploring new opportunities for collaboration.
in Economy / Uzbekistan,
High Inflation in Uzbekistan Prompts Tariff Increase on Gas and Electricity
In Uzbekistan, inflation has reached 66% following a recent tariff hike on gas and electricity, prompting the government to introduce social protection mechanisms to support vulnerable families.
in Economy / Uzbekistan,
Foreign Companies Pay 188.9 Million Som in VAT for Electronic Services in Kyrgyzstan
Foreign companies in Kyrgyzstan paid 188.9 million som in value-added tax for electronic services in the first quarter of 2024, with Meta, iHerb, Google, Apple, and Amazon making notable contributions. The country had implemented a "Google tax" in 2022 for foreign organizations providing electronic services, resulting in a total tax revenue of 438.1 million som in 2023.
in Economy / Kyrgyzstan,
Increase in Number of Farming Households in Tajikistan Boosts Agricultural Sector
The number of farming households in Tajikistan has increased, with over 796,000 collective farmers operating on 5,100 hectares of land.
in Economy / Tajikistan,