S&P Global Ratings has revised Uzbekistan’s outlook to positive from stable, affirming its 'BB-/B' ratings. The change reflects steady economic reforms, resilient growth, and support from high gold prices, which are helping stabilize the country’s fiscal and external positions.
S&P Global Ratings upgraded Uzbekistan’s outlook to positive, citing ongoing structural reforms, robust domestic demand, and high gold prices as key factors boosting growth and fiscal stability. The agency affirmed the country's 'BB-/B' long- and short-term sovereign credit ratings.
Uzbekistan’s economy is projected to grow by 5.6% on average through 2028, driven by government-led investment, labor remittances, and energy sector reforms. Plans to gradually increase energy tariffs and reduce subsidies are expected to lower the fiscal deficit from 4.9% of GDP in 2023 to around 3% over the medium term.
Rising gold exports are enhancing fiscal revenues and foreign exchange reserves. While public debt is increasing due to infrastructure spending, it is expected to remain manageable, reaching 34% of GDP by 2028.
However, risks remain due to centralized governance, dependence on commodity exports, and exposure to external shocks.
S&P noted that continued reforms and efforts to strengthen fiscal discipline could lead to a rating upgrade. Conversely, slower growth or rising deficits may stabilize the outlook.
Tensions between Iran and Israel continue to escalate, with Tehran condemning Israel’s airstrikes and emphasizing its defensive stance.
Russian President Vladimir Putin said a peaceful resolution between Iran and Israel is possible if all sides are involved. He emphasized the need to respect Iran’s right to peaceful nuclear energy and ensure Israel’s security.
Russian President Vladimir Putin has stated that Moscow remains open to dialogue and negotiations on all issues, including Ukraine. He made these remarks during a traditional meeting with the heads of leading global news agencies held as part of the St. Petersburg International Economic Forum SPIEF
Putin Highlights Strengthening Russia-Vietnam Energy Ties at SPIEF
News agencies from the US, UK, France, and other countries met with Russian President Vladimir Putin during the St. Petersburg International Economic Forum. The meeting aimed to foster dialogue and information exchange between the media and the government.
Tensions between Iran and Israel continue to escalate, with Tehran condemning Israel’s airstrikes and emphasizing its defensive stance.
Türkiye’s Minister of National Defense Yaşar Güler announced that security measures along the borders have been increased due to recent developments at the Iranian border. Güler traveled to Van with high-ranking military officials to conduct inspections along the Iran border.
Russian President Vladimir Putin said a peaceful resolution between Iran and Israel is possible if all sides are involved. He emphasized the need to respect Iran’s right to peaceful nuclear energy and ensure Israel’s security.
Russian President Vladimir Putin has stated that Moscow remains open to dialogue and negotiations on all issues, including Ukraine. He made these remarks during a traditional meeting with the heads of leading global news agencies held as part of the St. Petersburg International Economic Forum SPIEF
Putin Highlights Strengthening Russia-Vietnam Energy Ties at SPIEF
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Türkiye’s Defense Minister Yaşar Güler said cooperation between Türkiye and Azerbaijan is vital for regional peace and stability, highlighting their strong defense under the principle “Two states, one nation, one army.”
Türkiye’s Minister of National Defense Yaşar Güler announced that security measures along the borders have been increased due to recent developments at the Iranian border. Güler traveled to Van with high-ranking military officials to conduct inspections along the Iran border.
Russian President Vladimir Putin said a peaceful resolution between Iran and Israel is possible if all sides are involved. He emphasized the need to respect Iran’s right to peaceful nuclear energy and ensure Israel’s security.
Russian President Vladimir Putin has stated that Moscow remains open to dialogue and negotiations on all issues, including Ukraine. He made these remarks during a traditional meeting with the heads of leading global news agencies held as part of the St. Petersburg International Economic Forum SPIEF
Putin Highlights Strengthening Russia-Vietnam Energy Ties at SPIEF
Tensions between Iran and Israel continue to escalate, with Tehran condemning Israel’s airstrikes and emphasizing its defensive stance.
Türkiye’s Minister of National Defense Yaşar Güler announced that security measures along the borders have been increased due to recent developments at the Iranian border. Güler traveled to Van with high-ranking military officials to conduct inspections along the Iran border.
Russian President Vladimir Putin said a peaceful resolution between Iran and Israel is possible if all sides are involved. He emphasized the need to respect Iran’s right to peaceful nuclear energy and ensure Israel’s security.
Russian President Vladimir Putin has stated that Moscow remains open to dialogue and negotiations on all issues, including Ukraine. He made these remarks during a traditional meeting with the heads of leading global news agencies held as part of the St. Petersburg International Economic Forum SPIEF
Putin Highlights Strengthening Russia-Vietnam Energy Ties at SPIEF
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