Uzbekistan’s economy is set to expand by 6.5 percent by the end of 2025, driven by rising household income and sustained investment, according to the Eurasian Development Bank.
Uzbekistan’s gross domestic product (GDP) is forecast to grow steadily in 2025, local media reported on Thursday, citing an economic outlook from the Eurasian Development Bank.
The report attributes the country’s continued growth to increasing household income and a surge in investment focused on sustainable development. These factors are expected to underpin further economic resilience and modernisation.
Inflation in Uzbekistan is also projected to decline, with the rate possibly falling to 8.1 percent in 2025. Lower inflation could ease cost-of-living pressures and support real wage growth.
The Uzbek presidential press service recently confirmed that GDP grew by 6.5 percent in 2024, reflecting consistent momentum in the country’s reform-driven economic agenda. Structural improvements, diversification efforts, and foreign investment have all contributed to Uzbekistan’s positive outlook.
Uzbekistan will significantly expand its small hydropower capacity through a new $150 million World Bank project, aiming to enhance electricity access and boost renewable energy production nationwide.
Uzbekistan and Russia have signed a new agreement to explore the construction of a large-capacity nuclear power plant, while also revising plans for a previously announced small modular nuclear power plant (SMR).
A series of new appointments and reassignments have been made within the Presidential Administration of the Republic of Uzbekistan, according to a statement by Presidential Press Secretary Sherzod Asadov.
Saida Mirziyoyeva, a daughter of the Uzbek leader and former Assistant to the President, has been appointed as Head of the Presidential Administration.
Uzbekistan’s President Shavkat Mirziyoyev will pay a state visit to Mongolia on 24-25 June at the invitation of Mongolian President Ukhnaagiin Khurelsukh, aiming to strengthen bilateral relations and cooperation.
European Union leaders renewed economic sanctions on Russia for another six months on Thursday and reviewed the latest U.S. trade proposals during a summit in Brussels.
US President Donald Trump said Thursday that Washington signed a trade agreement with China the previous day, though no details of the deal have been made public.
A fire that broke out Thursday evening at the “Azerbaijanfilm” studio in Baku has been brought under control, following an explosion reported in an old pyrotechnics area of the complex.
The White House has indicated that President Donald Trump may push back looming tariff deadlines, signalling flexibility in his approach to ongoing trade talks.
China has started granting export licences for rare earth elements and magnets to companies in the European Union, according to a report by the South China Morning Post, citing EU officials.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
A fire that broke out Thursday evening at the “Azerbaijanfilm” studio in Baku has been brought under control, following an explosion reported in an old pyrotechnics area of the complex.
Israeli Prime Minister Benjamin Netanyahu said Thursday that Israel’s recent victory in its conflict with Iran opens a path to expanded peace deals, including the possible addition of Saudi Arabia and Syria to the Abraham Accords.
A key unit at Iran’s South Pars gas field, damaged during Israel’s first strike on the country’s energy infrastructure, has resumed operations just 10 days after the attack.
Kazakhstan will create six new nature conservation institutions to preserve biodiversity, aiming to increase protected territories to 12.5% of the national area.
Kazakhstan’s industrial sector grew by 6.4% year-on-year in the first five months of 2025, driven by increased oil production and strong performance in manufacturing, according to Halyk Finance.
European Union leaders renewed economic sanctions on Russia for another six months on Thursday and reviewed the latest U.S. trade proposals during a summit in Brussels.
US President Donald Trump said Thursday that Washington signed a trade agreement with China the previous day, though no details of the deal have been made public.
A fire that broke out Thursday evening at the “Azerbaijanfilm” studio in Baku has been brought under control, following an explosion reported in an old pyrotechnics area of the complex.
The White House has indicated that President Donald Trump may push back looming tariff deadlines, signalling flexibility in his approach to ongoing trade talks.
China has started granting export licences for rare earth elements and magnets to companies in the European Union, according to a report by the South China Morning Post, citing EU officials.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment