Malaysian company to establish $4.5mn drone manufacturing facility in Uzbekistan

The new facility aims to enhance the use of drones in the agricultural sector, targeting an expansion that will cover 100,000 hectares over the next three years.

Details — https://daryo.uz/en/ttn34pyF

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Tajikistan’s mining sector amongst the energy transition: a beacon of hope for the national economy?

Tajikistan faces a growing trade gap as imports outpace exports, raising concerns about its economic stability. However, the country’s rich mineral resources, including gold, copper, and silver, present significant opportunities amid the global energy transition. With increasing demand for these elements from countries like China and India, Tajikistan could boost its exports and strengthen its economy. Yet, challenges such as infrastructure needs, debt issues, and social acceptance remain. Collaborating with international partners, particularly China, could help Tajikistan leverage its resources for greater economic growth.

Details — https://daryo.uz/en/tto33mbe

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Germany partners with Uzbekistan to launch career guidance initiatives in schools

The German International Cooperation Organization will introduce career guidance measures in Uzbekistan's schools, focusing on active employer involvement, as announced during a stakeholders' meeting in Tashkent, with key components including field trips, industry visits, and career centers equipped with online courses and virtual reality technologies.

Details — https://daryo.uz/en/tPrHo5gF

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PepsiCo to invest $160mn in new potato chip plant in Kazakhstan

The new plant, located in the Almaty region, is expected to boost local economic growth and support Kazakhstan’s agro-industrial sector.

Details — https://daryo.uz/en/t2V2ulu1

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Uzbekistan’s NES explores RS-20 platform from Russia’s Rosseti for enhanced energy management

The RS-20 platform, already in use in Russia and Belarus, was introduced to NES as part of ongoing collaborations following agreements made between Rosseti's CEO, Andrei Ryumin, and NES head, Dadajon Isakulov, during the St. Petersburg International Economic Forum in June 2024.

Details — https://daryo.uz/en/tmrTSFmp

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Uzbekistan’s Competition Committee investigates UzAuto Motors over vehicle defects

The committee has initiated an investigation into UzAuto Motors over defects in the L-Style MT model, produced in 2023, following reports of vehicle fires. The inquiry focuses on potential safety violations and includes instructions for technical inspections.

Details — https://daryo.uz/en/t9GlBd12

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Ipoteka Bank appoints Sandro Rtveladze as new CEO to drive innovation and growth

Ipoteka Bank, a member of the OTP Group, has appointed Sandro Rtveladze as its new CEO, signaling a new focus on innovation and growth. With over 15 years of experience in international banking and fintech, Rtveladze will lead the bank's efforts to enhance digital capabilities and improve customer service.

Details — https://daryo.uz/en/tq8P1Ddf

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Roundtable in Kyrgyzstan focuses on Swiss AFRY’s dam design options for Kambarata-1 HPP

Swiss company AFRY presented options for the dam height of the Kambarata-1 HPP during discussions with representatives from Kyrgyzstan, Kazakhstan, Uzbekistan, the World Bank, and international experts.

Details — https://daryo.uz/en/txu2R6TR

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UzNEX launches official TON cryptocurrency trading in Uzbekistan, legal transactions now available

The UzNEX crypto exchange, operated by South Korean company Kobea Group, has launched the official purchase and sale of TON (The Open Network) cryptocurrency.

Details — https://daryo.uz/en/txCn7xo8

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Afghanistan's exports to Pakistan plunge 31% y/y amid political tensions

In the first half of 2024, the total trade volume between the two nations was $1.081bn. Of this, Afghan exports accounted for only $329mn, while imports from Pakistan totaled $752mn.

Details — https://daryo.uz/en/PB93cKv8

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