AGP Executive Report
Last update: 3 hours agoUzbek Economy Watch: Uzbekistan’s economy grew 8.5% in H1 2026, driven by services (+16.9%) and investment (about €24.6bn), while construction (+13.8%) and industry (+8%) also expanded; officials also cited major sovereign credit upgrades (Moody’s Ba3→Ba2; Fitch outlook turned positive). Rail Freight Crunch: President Mirziyoyev ordered a 10,000-wagon plan to ease rolling-stock shortages and pushed for $200m World Bank financing for railway infrastructure. Digital Finance: Uzum was named among the world’s top fintech companies by CNBC and Statista for the first time, landing in the neobanking category as it scales digital payments and banking-like services. Cross-Border Payments: Korona Pay suspended Russia→Kazakhstan and Russia→Georgia transfers, while keeping Russia→Uzbekistan, Türkiye, Kyrgyzstan and Azerbaijan routes active. Transport Connectivity: Centrum Air will launch Tashkent–Karachi direct flights from Sept 3 (twice weekly), boosting business and tourism links with Pakistan. Regional Trade Ties: Kazakhstan and Uzbekistan discussed expanding trade and investment, citing $4.8bn bilateral trade in 2025 and a 37% jump in Jan–May 2026 to $2.3bn.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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