Batyr Rakhimov, the Uzbek businessman and former owner of the Paxtakor football club, faced sustained negative coverage in the Turkish press in June 2021 as a US-citizen claimant pursued civil and criminal proceedings in Bodrum alleging he acquired a luxury hotel through a fraudulent $47 million cheque following the suspicious death of its owner.
British Ambassador Timothy Smart is departing Tashkent after three years, leaving behind a bilateral trade relationship that expanded nearly eightfold, a new international commercial court in the works, and deepened security ties — with a high-level Uzbek delegation to London still to come.
Saida Mirziyoyeva, Head of the Presidential Administration, met Henderson Land Group Chairman Peter Lee on October 16 to discuss potential joint projects in renewable energy, New Tashkent infrastructure and education, as Tashkent seeks to deepen investment ties with Hong Kong’s largest holding companies.
A Visa survey of 249 Uzbek small and medium businesses finds digital payment adoption is now widespread, but only 37% of firms have integrated those payments with broader operational tools — a gap that costs businesses time and limits their access to tailored financial services.
The US dollar climbed above 12,000 sums on October 15 for the first time since late July, closing at 12,011.65 sums after an eight-day consecutive rally that reversed a prolonged decline stretching back to a three-year low recorded in September.
