EDITION
HOT SELLER THIS WEEK
- Uzbekistan’s Lumora IT Case Competition brought student teams together in Tashkent, Termez and Namangan to solve practical business and technology challenges. The competition encouraged collaboration between students, universities and industry professionals, with money vouchers offered as prizes by participating partners.
- Uzbekistan paid households approximately UZS 642.1 billion for electricity generated through residential solar installations and supplied to the national grid. The payments highlight the growing role of household solar generation in the country's renewable energy transition.
- Commercial banks in Uzbekistan recorded combined net profits of approximately UZS 15.3 trillion, representing a 40.3% increase. Separately, state-owned energy company Uzbekneftegaz began negotiations to refinance US$1.1 billion in loans, targeting a reduction in its average interest rate from 7.7% to 3.8%.
- Uzbekistan’s reported poverty rate declined from 5.8% to 3.6% during the first nine months of 2026. The figures reflect progress under government programmes focused on employment, household income improvement and regional economic development.
- On 28 October, President Shavkat Mirziyoyev reviewed 35 healthcare investment projects valued at approximately US$2.7 billion. The portfolio includes specialised medical centres, multidisciplinary hospitals, modernisation of existing facilities, advanced medical equipment and professional training. Nine additional prospective projects worth US$1 billion were also presented.
- Uzbekistan’s average monthly nominal salary reached approximately UZS 7.27 million during January–September 2026, representing an 18% year-on-year increase. The reported median salary for January–August stood at approximately UZS 4.17 million, providing a useful benchmark for employers and recruitment companies.
- Uzbekistan’s textile exports reached approximately US$2.4 billion during January–September 2026, increasing 28.1% compared with the same period last year. Finished textile products accounted for 50.8% of exports, while yarn represented 33%, highlighting the sector's manufacturing and export activity.
- The World Bank approved a US$100 million loan to modernise Uzbekistan’s electricity distribution network. The financing is intended to improve network reliability, upgrade distribution infrastructure and support increasing electricity demand across the country.
- On 28 October, Uzbekistan announced plans to strengthen phytosanitary inspections of export shipments following hundreds of complaints from foreign markets. The initiative aims to improve compliance with importing-country requirements and reduce problems affecting agricultural exports.
- ADM Jizzakh announced plans to invest US$100 million in hybrid and electric vehicle production in Uzbekistan. The planned facility is expected to manufacture models under the Changan, Chery and Haval brands. This represents a planned investment rather than a completed acquisition or confirmed expenditure.
- Uzbekistan’s GDP increased by 8.3% during January–September 2026, while foreign trade turnover reached approximately US$65.4 billion, representing a 6.3% year-on-year increase. Imports exceeded exports, resulting in a reported trade deficit of approximately US$13.7 billion.
- Apple Pay and Google Pay became available in Uzbekistan in late October, initially supporting eligible cards from selected banks. Apple Wallet supports cards from eight banks, while Google Wallet supports cards from nine banks, reflecting the country's expanding digital payment ecosystem.
- Uzbekistan introduced a 50% reduction in certain land and property taxes for eligible tourism businesses operating near reservoirs. The incentive is intended to encourage investment in tourism facilities, hospitality projects and regional destinations.
- Uzbek startups Fonus Kids, AdRide and Secure Prompt secured investments of US$35,000, US$30,000 and US$40,000 respectively. The investments support projects in children's digital content, advertising technology and AI data security, highlighting activity in Uzbekistan's emerging startup ecosystem.
- During 28–30 October, IT Park Uzbekistan engaged with Georgian and European businesses through meetings and international business events. Discussions focused on investment opportunities, technology partnerships, IT Park residency incentives and expanding Uzbekistan's technology exports.
- Centrum Air launched the first direct air service between Tashkent and Mattala, with its inaugural flight arriving on 28 October carrying 160 passengers. The route is scheduled to operate twice weekly, on Wednesdays and Saturdays, until the end of March 2027.
Sector stories & insights.
Uzbekistan’s technology and education ecosystem continued promoting practical digital skills through student innovation activities. The Lumora IT Case Competition was scheduled across Tashkent, Termez and Namangan, bringing students together to solve business and technology challenges with industry judges.
HPC Opportunity: Universities, training providers and education technology companies can explore opportunities in digital learning, AI education, research computing and student innovation programmes. HPC can support computing infrastructure and data-intensive learning projects; contact HPC for a quotation based on the confirmed project scope.
Uzbekistan paid households approximately UZS 642.1 billion for electricity generated through household solar installations and supplied to the national grid. The development highlights the growing role of distributed solar power in the country's energy transition.
HPC Opportunity: Renewable energy developers, environmental consultants and industrial operators can explore solar performance analytics, energy forecasting and sustainability reporting. HPC can support data-intensive environmental analysis; contact HPC for a tailored quotation.
Uzbekistan’s commercial banks recorded combined net profits of approximately UZS 15.3 trillion, representing a 40.3% increase. Separately, state-owned energy company Uzbekneftegaz began negotiations to refinance US$1.1 billion in loans, aiming to reduce its average interest rate from 7.7% to 3.8%.
HPC Opportunity: Banks, financial institutions and investment advisers can explore financial forecasting, portfolio analytics, risk modelling and refinancing analysis. HPC can support complex financial workloads and data processing; contact HPC for a quotation tailored to your requirements.
Uzbekistan’s poverty rate declined from 5.8% to 3.6% during the first nine months of 2026. The government also continued policy discussions around public infrastructure, economic development and improved public-service delivery.
HPC Opportunity: Government agencies, policy consultants and development organisations can explore data-driven policy planning, public-service analytics and project monitoring. HPC can support secure data infrastructure and large-scale analytics; contact HPC for a quotation based on the confirmed project scope.
On 28 October, President Shavkat Mirziyoyev reviewed 35 healthcare investment projects with a combined value of US$2.7 billion. The portfolio includes new specialised centres and multidisciplinary hospitals, modernisation of existing facilities, advanced medical equipment and professional training.
HPC Opportunity: Hospitals, healthcare investors and medical technology companies can explore clinical data analytics, hospital capacity planning, medical research and digital health infrastructure. HPC can support data-intensive healthcare workloads; contact HPC for a quotation based on your project needs.
The National Statistics Committee reported that Uzbekistan’s average monthly nominal salary reached approximately UZS 7.27 million in January–September 2026, up 18% year-on-year. The reported median salary for January–August stood at approximately UZS 4.17 million.
HPC Opportunity: Employers, recruitment firms and HR consultancies can explore salary benchmarking, workforce analytics, talent planning and employee performance reporting. HPC can support data-driven workforce planning; contact HPC for a tailored quotation.
Uzbekistan’s textile exports reached approximately US$2.4 billion during January–September 2026, increasing 28.1% compared with the same period last year. Finished textile products accounted for 50.8% of exports, while yarn represented 33%.
HPC Opportunity: Textile manufacturers, exporters and logistics companies can explore production optimisation, demand forecasting, inventory analytics and supply-chain planning. HPC can support industrial modelling and large-scale data processing; contact HPC for a quotation tailored to your operations.
The World Bank approved a US$100 million loan to modernise Uzbekistan’s electricity distribution network. Meanwhile, official energy figures showed that electricity generation on 29 October reached 255.5 million kWh, with solar and wind generation recording year-on-year increases.
HPC Opportunity: Energy companies, engineering firms and infrastructure operators can explore grid optimisation, asset monitoring, energy forecasting and engineering simulations. HPC can support data-intensive infrastructure planning; contact HPC for a quotation based on your technical requirements.
On 28 October, Uzbekistan’s Legislative Chamber passed the radioactive waste bill in its third reading and sent it to the Senate. The proposed legislation sets out rules for the collection, processing, transportation, storage and disposal of radioactive waste, alongside monitoring and safety requirements.
HPC Opportunity: Energy operators, industrial organisations and compliance teams can explore regulatory reporting, environmental monitoring, risk modelling and secure data-management systems. HPC can support compliance-related data processing; contact HPC for a quotation tailored to your requirements.
Uzbekneftegaz is negotiating with foreign banks to refinance loans totalling US$1.1 billion. The company aims to reduce its average interest rate from 7.7% to 3.8%; the financing includes US$840 million linked to Uzbekistan GTL and US$260 million in direct company loans. This is a refinancing initiative, not a confirmed merger or acquisition.
HPC Opportunity: Corporate finance advisers, lenders and large enterprises can explore debt modelling, financial scenario analysis, transaction analytics and risk assessment. HPC can support complex financial analysis and data processing; contact HPC for a tailored quotation.
Uzbekistan’s GDP increased by 8.3% during January–September 2026. Foreign trade turnover reached US$65.4 billion, up 6.3% year-on-year, while imports exceeded exports and produced a trade deficit of approximately US$13.7 billion.
HPC Opportunity: Market research firms, investors and business consultants can explore economic forecasting, sector analysis, market-entry research and investment feasibility studies. HPC can support data modelling and analytical dashboards; contact HPC for a quotation based on your workload.
Apple Pay and Google Pay became available in Uzbekistan in late October, with support initially covering cards from selected banks. Google executives also linked the rollout to changes in the country’s personal data regulations, highlighting the relationship between digital policy and financial technology adoption.
HPC Opportunity: Marketing agencies, fintech providers and digital communications companies can explore customer adoption campaigns, audience analytics, digital payment education and performance reporting. HPC can support data-driven marketing workflows; contact HPC for a tailored quotation.
Uzbekistan Introduces Tax Reductions for Tourism Businesses Near Reservoirs
Uzbekistan introduced a 50% reduction in certain land and property taxes for eligible tourism businesses operating near reservoirs. The measure is intended to encourage tourism-related business activity and investment in regional destinations.
HPC Opportunity: Property developers, tourism investors and real estate consultants can explore feasibility modelling, property-market analytics, site assessment and asset-performance reporting. HPC can support data-driven development planning; contact HPC for a quotation tailored to your project.
Uzbekistan-based startup Delever raised US$380,000 in a funding round led by AloqaVentures, which invested US$300,000, while Nexus Club contributed US$80,000. The company develops an order and delivery management platform for restaurants and retailers, and plans to use the funding for product development and international expansion.
HPC Opportunity: Startups, venture capital firms and technology accelerators can explore scalable software infrastructure, product analytics, AI integration and market expansion planning. HPC can support data-intensive product development and technology planning; contact HPC for a quotation based on your requirements.
Uzbekistan Attracts International Interest in Its Technology Ecosystem
A Georgian business delegation visited IT Park Uzbekistan on 29 October to explore investment opportunities, resident incentives and potential technology partnerships. IT Park also promoted Uzbekistan’s IT export potential at a business forum in Austria, seeking connections with European partners.
HPC Opportunity: Technology companies, software developers and digital transformation consultants can explore cloud infrastructure, AI workloads, data platforms and cross-border technology partnerships. HPC can support computing infrastructure and technical planning; contact HPC for a quotation or purchase enquiry.
Centrum Air launched the first direct air service between Tashkent and Mattala in Sri Lanka, with the inaugural flight arriving on 28 October carrying 160 passengers. The route is scheduled to operate twice weekly until the end of March 2027, strengthening travel connectivity and tourism links between the two countries.
HPC Opportunity: Airlines, hotels, travel companies and tourism operators can explore passenger-demand forecasting, customer analytics, route planning and digital visitor services. HPC can support data-driven tourism planning and operational analysis; contact HPC for a tailored quotation.