President Shavkat Mirziyoyev of Uzbekistan addressed the country's economy, announcing that GDP growth in the first quarter of 2024 reached 6.2%. He praised this figure as positive but simultaneously highlighted that issues such as inflation and unemployment still persist.
As part of a strategic partnership, Uzcard and Payme have launched a payment system using Tez QR technology. This project aims to develop cashless and digital payments in Uzbekistan's retail sector, introducing innovative solutions to streamline transaction processes and enhance consumer convenience.
Uzbekistan's real estate market maintained high activity in February, with an increase in the number of transactions and accelerated price growth in several regions. This is according to data released by the Center for Economic Research and Reforms.
In Tashkent, the share of residents using public transport is planned to increase to 60% by 2030. The plan, presented by specialists from the Center for Traffic Organization (CTO), is aimed at reducing the load on the road network and enhancing the appeal of buses and the metro.
In Tashkent, on March 15, a serious accident occurred at a construction site in the city center. The incident resulted in the deaths of two workers, with several others injured. Emergency services quickly arrived at the scene, and the injured were transported to a hospital.
Tashkent is planning to install 7,880 new traffic light units and 2,740 digital timers for automated traffic flow management. According to the technical modernization project presented by specialists from the Center for Traffic Organization (CTO), this equipment will be part of a transition to an adaptive intersection control system that operates in real-time based on traffic density.
On March 16, President Shavkat Mirziyoyev visited the Almaliq Mining and Metallurgical Plant and held a meeting to accelerate major investment projects in the mining industry. The meeting highlighted plans to attract $2.2 billion in investments across 90 projects by 2026, with targets set for producing 172,500 tons of copper, 120 tons of gold, 210.5 tons of silver, and 8,000 tons of uranium. These figures underscore the country's ambitions in the mining and metallurgical sector.
Tashkent has unveiled a comprehensive plan to reform its transport system, aimed at regulating traffic flow and enhancing pedestrian safety. The strategy, presented by experts from the Center for Traffic Organization (ЦОДД) and targeting 2026, seeks to alleviate congestion on major arteries where current traffic volumes nearly double their capacity. This initiative is part of broader efforts to implement systematic management of vehicle flows in the capital.
A large-scale project to modernize transport infrastructure and introduce high-tech waiting pavilions has commenced in the capital of Uzbekistan. According to city administration data, the installation of 'Smart Stops' will soon begin on the streets of Tashkent, aimed at making public transport journeys safer and more comfortable for residents.
Uzbekistan is taking a significant step in enhancing its road infrastructure. According to Asliddin Isayev, Director of the Avtoyo’linvest agency, in an interview with Uzbekistan 24 TV channel, practical work on the construction of the Tashkent-Andijan toll road will commence this year. The road will pass through the Kamchik Pass and is expected to drastically reduce travel time.
Uzbekistan's 2024 cotton harvesting season has concluded with a yield of 3.8 million tons, marking the highest output in the past decade. According to the Ministry of Agriculture, this represents a 12% increase compared to 2023, highlighting the government's efforts to boost the cotton industry and enhance export capabilities.
The President of Uzbekistan signed a decree on March 13 aimed at digitizing the agricultural sector and introducing modern technologies. The document focuses on developing the agro-sector, creating a system of “smart” services, and expanding financial support for farmers. According to the decree, “Agrobank” has been designated as the main driver of changes, with the task of attracting additional resources amounting to 25 trillion soums by 2026.