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Weekly Digest: Arab-Islamic Summit, COP29, Climate Expo, and more

This week covers President Mirziyoyev's participation in the Arab-Islamic Summit in Riyadh and COP29 in Baku, focusing on Uzbekistan’s diplomatic efforts and development initiatives.

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Employee stock ownership plans set to transform state-linked companies in Uzbekistan

Uzbekistan is set to implement Employee Stock Ownership Plans (ESOP) in companies with a state stake of over 50%, following the approval of regulations by the National Agency of Prospective Projects. The Ministry of Justice confirmed the new guidelines on October 8.

SOCIETY

Uzbekistan to join WTO with 2-3 year transition period to ease economic shift

Uzbekistan will undergo a transition period of two to three years as it joins the World Trade Organization (WTO), according to Mubin Mirzaev, Deputy Head of the State Tax Committee. This phase is intended to mitigate potential negative effects on large enterprises as the country aligns its trade and tax regulations with WTO standards.

SOCIETY

Energy Ministry addresses surge in public complaints over mandatory solar panel installations

Uzbekistan’s Ministry of Energy has increased the number of phone lines dedicated to handling public inquiries about solar panel installations. The move comes after an overwhelming number of unanswered calls to the Ministry’s hotline.

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