AGP Executive Report
Last update: 3 hours agoUzbek Economy Watch: President Shavkat Mirziyoyev reviewed first-half 2026 results showing 8.5% growth, with services up 16.9% and construction up 13.8%, alongside €24.6bn in investment and €12.7bn exports—Moody’s and Fitch upgrades signal rising investor confidence. Rail Freight Pressure: Mirziyoyev ordered a 10-day plan to bring 10,000 idle freight wagons into Uzbekistan and pursue $200m in World Bank railway financing to ease rolling-stock shortages. SCO Diplomacy: Deputy PM and FM Ishaq Dar joined the SCO foreign ministers’ meeting in Cholpon-Ata, urging the bloc to press the Afghan Taliban to honor counter-terrorism commitments. China Security & Connectivity: Chinese FM Wang Yi met Uzbek FM Bakhtiyor Saidov on SCO sidelines, emphasizing stronger security cooperation and faster progress on regional connectivity, including the China–Kyrgyzstan–Uzbekistan railway. EU Sanctions Spillover: The EU advanced a “full third-country ban” tool for crypto-asset services tied to sanction evasion, with reported listings including Kyrgyzstan and others—raising compliance risks for regional firms. Cross-border Payments: Korona Pay suspended Russia-to-Kazakhstan and Russia-to-Georgia transfers, while continuing limited routes including Uzbekistan. Regional Political Calls: Uzbekistan’s president exchanged birthday calls with leaders including Kazakhstan’s Tokayev, Kyrgyzstan’s Japarov, Belarus’s Lukashenka, and Azerbaijan’s Aliyev, reaffirming cooperation roadmaps.
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