Economy

In Bukhara, 1.8 trillion soums of financial turnover in the housing sector were concealed.

Shavkat Mirziyoyev critically discussed the issues of combating the shadow economy in the country.

In Bukhara, 1.8 trillion soums of financial turnover in the housing sector were concealed.

At a videoconference meeting chaired by Shavkat Mirziyoyev on April 24, issues of combating the shadow economy in the country were critically discussed.

 

It was noted that last year a special decree was adopted in this direction, and systematic work began. Nevertheless, the results of the first quarter of 2026 showed that problems persist in some regions.

 

In particular, it was noted that the share of the non-observed economy exceeds 40 percent in Jizzakh region, Kashkadarya region, Namangan region, Samarkand region, Surkhandarya region, and Khorezm region, and exceeds 30 percent in Andijan region, Fergana region, and Bukhara region.

 

At the meeting, the situation in Bukhara region was analyzed separately, and it was reported that over 900 enterprises, which were indicated to have ceased operations last year, were found to have consumed 1.3 million kilowatt-hours of electricity and 480 thousand cubic meters of gas in January–February of this year.

 

It was also noted that as a result of informal transportation of goods by 12,500 vehicles, 40 billion soums in tax revenue were lost. It was reported that in the first quarter alone, 1 trillion 800 billion soums in cash turnover was concealed by understating housing prices.

 

At the end of the meeting, it was announced that a specific methodology for combating the shadow economy had been developed and provided to regional prosecutor's offices, internal affairs bodies, and tax departments, and that this system would now be implemented in all regions at the district level.

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The world is undergoing deep restructuring processes — President Shavkat Mirziyoyev

The President is delivering a speech at the plenary session of the St. Petersburg International Economic Forum.

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A one-hour power outage in Tashkent could cause $3.5 million in economic damage.

Due to certain factors, the actual damage may be slightly less, but when secondary consequences are taken into account, the losses could multiply.

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Uzbekistan's state debt reached 47 billion dollars in the first quarter of 2026.

85 percent of this amount accounts for external debt, and 15 percent for internal debt.

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Kazakhstan's Eurasian Bank suffered billions in losses following its exit from Uzbekistan.

The loss occurred as a result of the depreciation of investments.

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In Uzbekistan, organizations and institutions utilized 178.1 trillion soums worth of tax and customs benefits.

143,205 entities have used tax benefits, and 15,346 organizations have used customs benefits.

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Uzbekistan will attract $53 billion in foreign investment in 2026.

The President stated that investment quality must be the main criterion for all leaders.

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In Uzbekistan, the amount of money sent by migrants increased by $433 million.

Additionally, during the reporting period, foreign currency funds amounting to $604 million were transferred out of the country.

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Saida Mirziyoyeva met with Ben Black

During the conversation, a portfolio of major projects was discussed.

Certificate: №1346 Issue date: 28.05.2020

Idea author: Firdavs Fridunovich Abdukhalikov

Founder: "Master Media Production and Broadcast"