Public Money
Government budgets, procurement, spending and the state assets that belong to the public.
Batyr Rakhimov: The In-Law Problem
Every political family has members it would rather not discuss. Very few have a member whose résumé includes the alleged financing of political assassinations abroad, laundering for security-service generals, a collapsed bank, a Paris kidnapping…
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Uzbekistan’s sovereign fund targets two IPOs in 2027, with Uzbektelecom leading the queue
Franklin Templeton's Marius Dan says Uzbektelecom is the leading candidate for a 2027 listing as UzNIF maps out a pipeline of…
→Uzbekistan Plans $350 Million Overhaul of A-380 Highway Through Qashqadaryo
President Mirziyoyev has announced a $350 million reconstruction of 100 kilometres of the A-380 highway in Qashqadaryo, backed by a proposed…
→Uzbekistan Plans Private Firms to Maintain Schools and Kindergartens
Uzbekistan's construction minister says a new system bringing certified private maintenance firms into schools and kindergartens will launch next year, starting…
→ADB’s $760m Karakalpakstan push: water, roads and wind power in Uzbekistan’s west
The Asian Development Bank's outstanding loans to Karakalpakstan exceed $760 million — a fifth of its entire Uzbekistan portfolio — financing…
→Uzbekistan’s Accounts Chamber and Procurement Agency Agree Anti-Corruption Drive
The Accounts Chamber, the procurement agency and the Presidential Administration's Compliance Service have agreed a joint programme — including automated bid…
→Uzbekistan clears VEON’s $207m Perfectum acquisition with strict competition conditions
Uzbekistan's Competition Committee has approved VEON's roughly $207 million purchase of mobile operator Perfectum on conditions including a three-year operational separation…
→Uzbekistan clears Veon’s acquisition of Perfectum with seven binding conditions
Uzbekistan's competition regulator has approved Veon's purchase of all shares in Perfectum mobile operator, imposing seven conditions including a three-year independence…
→Uzbekneftegaz fuel depots post first-ever profit after years of losses
Uzbekneftegaz's petroleum depot network has posted a net profit of 25.2 billion soums in the first nine months of the year,…
→Uzbekistan GTL Privatisation Begins With Debts Undisclosed and Trial Under Way
Uzbekistan has begun formal preparations to privatise the $3.42 billion Uzbekistan GTL plant, with an IPO also under consideration, but the…
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