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Uzbekistan aims for $700M in auto exports and increased localization in 2025

On December 5, President Shavkat Mirziyoyev reviewed a presentation outlining key priorities for the automotive industry ahead of 2025. The discussion, which built on instructions given last month, emphasized enhancing production capacity and improving vehicle quality.

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Turkmenistan to increase gas supplies to Uzbekistan

An agreement on increasing gas supplies was reached during a phone conversation between Shavkat Mirziyoyev and Gurbanguly Berdimuhamedov. Earlier, Turkmenistan had halted gas exports to Russia after “Turkmengaz” and “Gazprom” failed to agree on prices.

POLITICS

Government raises foreign and domestic borrowing limits for 2024

Uzbekistan has raised its annual foreign borrowing limit for 2024 from $5 billion to $7.3 billion, marking the first significant increase in external debt limits since 2020. Economist Otabek Bakirov highlighted the development, noting the allocation of $3.2 billion to support the state budget and $4.1 billion for financing investment projects.

POLITICS

Mirziyoyev: Peaceful nuclear energy is a leading alternative in the energy sector

The President of Uzbekistan Shavkat Mirziyoyev conveyed a message to participants of the conference on the prospects of using nuclear energy for sustainable development, held on December 5 in Samarkand. The message was delivered by the president’s press secretary, Sherzod Asadov.

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