Business news from Ukraine

Business news from Ukraine

In Uzbekistan, starting in 2026, private clinics will receive new benefits and $200 mln loan

On November 10, the President of Uzbekistan met with medical and pharmaceutical workers, congratulating them on their professional holiday, Medical Workers’ Day.

Over the past five years, approximately $624,000 has been allocated to specialized medical centers, and thousands of pieces of modern equipment have been purchased. At the same time, the efficiency of its use is only 25%. The president emphasized the need to prioritize the development of digitalization, the modernization of clinical protocols, the introduction of advanced diagnostics and prevention, as well as the formation of professional teams in the regions.

Now, the directors of 26 specialized centers, heads of regional and district health care systems, and heads of family clinics will work according to monthly plans, visit problem areas and mahallas, analyze the causes of morbidity, propose solutions, and train local doctors. Daily meetings with healthcare managers will be held at the mahalla level, and each manager will be required to ensure attentive and prompt treatment of patients.

Starting in the new year, the procedure for appointing heads of medical institutions will change: the positions of director and chief physician will be separated, and entrepreneurs with management training and proven results will be eligible for leadership positions.

The incentive system will also be modernized: the best managers will be awarded titles, orders, medals, and cash bonuses of up to $2,497, and $41,000 will be allocated to improve the infrastructure of institutions. The best specialists will be sent abroad for training.

The development of medical education continues: faculties of general medicine are being opened, and residency and master’s programs in family medicine are being launched. Students will study free of charge and work as doctors at the same time, receiving a 150% salary bonus upon completion of their studies. Support for nurses has been strengthened: a Higher Academy of Professional Medicine is being created, quotas for higher nursing education are being doubled, and from 2027, the annual increase will be at least 20%, and nurses with higher education will receive a 100% salary bonus.

A new system of continuous professional development is being created, including distance learning, AI-based simulator training, and independent learning in the workplace. To this end, a Center for Continuing Professional Medical Education will be established.

The president noted that the private sector already provides about 30% of medical services, and the state is ready to expand public-private partnerships. Tax breaks on the import of equipment and ambulances will be extended for three years, part of the VAT will be refunded to private medical organizations, and entrepreneurs will be provided with a preferential credit line of $200 million to create modern multidisciplinary clinics.

In conclusion, the Head of State emphasized the importance of professionalism and dedication of medical workers, instructed to continue reforms, improve the quality of services, and introduce modern technologies, noting that this will make Uzbekistan’s healthcare system accessible and effective for all citizens.

More

, , ,

Crypto exchanges in Uzbekistan will be able to open wallets for foreigners under special regime

The National Agency for Promising Projects has presented a list of specially authorized crypto exchanges participating in a special tax regime for foreign citizens.

The list includes all three crypto exchanges operating in Uzbekistan — Kobea Group, Coinpay, and Asterium. Foreigners will be able to open an account with any of them to obtain exemption from tax on income received outside the republic.

The President of Uzbekistan, by his decree dated October 4, 2025, No. UP-180, established that from January 1, 2026, the income of foreign citizens received from sources outside Uzbekistan will be exempt from personal income tax, subject to the following conditions:

  • payment of a fee of $50,000;
  • opening of a bank account with a specially authorized bank or a crypto wallet on a specially authorized crypto exchange in Uzbekistan.

Those wishing to participate in the regime must submit an application through the Tax Committee to a special commission.

Money transferred to an account or crypto wallet will only be credited after the bank (exchange) has assessed the risks and verified compliance with anti-money laundering rules.

, ,

Škoda Group to establish joint venture in Uzbekistan to assemble trains

Škoda Group CEO Petr Novotny took part in a business roundtable in Brussels chaired by President of Uzbekistan Shavkat Mirziyoyev. The discussions focused on deepening cooperation in the field of modernization of transport infrastructure and introduction of European technologies.

At the meeting, Škoda Group presented its strategy for entering the Uzbek market through a joint venture that will focus on three areas:

  • local assembly of railway vehicles
  • maintenance and repair of rolling stock throughout its life cycle;
  • establishing the Škoda Academy to train specialists and develop local personnel.

According to Petr Novotny, Uzbekistan is a promising market open to European investment, and Škoda’s plans are in line with the objectives of the new Enhanced Partnership and Cooperation Agreement and the EU’s Global Gateway strategy.

As part of the event, Uzbekistan’s Minister of Transport Ilkhom Makskamov held talks with the group’s management to discuss practical steps to develop rail and urban transport. President Shavkat Mirziyoyev praised the contribution of Škoda Group to the transfer of European technologies and expressed support for the company’s long-term participation in the country’s projects.

The initiative is being implemented in the context of the recently signed PCA between Uzbekistan and the EU, which opens up new opportunities for European businesses in the Uzbek market. Projects in the areas of transport, energy and sustainable development will be financed by the European Investment Bank with the support of the European Commission.

 

, ,

OpenAI and Uzbekistan launch partnership in education

Deputy Head of the Department for Financial Technologies, Digitalization and Artificial Intelligence of the Presidential Administration of Uzbekistan Hikmatilla Ubaidullaev said that the first working meeting with OpenAI representatives was held. Valerie Fokke, Dips Patel, Shaig Ali, and Carlotta Serrano, Heads of Education and Partnerships, participated in the meeting.

The main topic of the talks was the introduction of ChatGPT EDU platform for teachers and students. This tool will allow using powerful OpenAI language models in a secure environment, creating personalized learning materials and own AI assistants.

The parties paid special attention to personalized learning, where artificial intelligence helps to adapt the educational process to the individual characteristics of each student, such as their pace, level of knowledge, and interests. Such a system will allow teachers to quickly identify gaps, create individualized assignments, automate work checking, and reduce bureaucratic procedures.

It was agreed that OpenAI will not create a separate program but will join the national initiative 1 Million AI Leaders, supplementing it with its own courses and expertise. This will allow Uzbek schoolchildren, students, and teachers to master artificial intelligence technologies at the level of world standards.

A separate area of discussion was the support of local startups. OpenAI expressed its readiness to consider providing preferential access to APIs and loans, as well as participation in hackathons and acceleration programs in Uzbekistan. This will create additional opportunities for young teams developing their own AI products in education and business.

The Uzbek side also presented plans to create a GPU cluster and an Uzbek-language data corpus for localization and adaptation of AI models. OpenAI representatives noted that their systems already demonstrate a high level of understanding of the Uzbek language and expressed interest in further cooperation in this area.

Following the meeting, the parties agreed to prepare a roadmap for cooperation in three key areas:

1) implementation of ChatGPT EDU at universities;

2) development of mass AI education;

3) support for startups and hackathons.

Read more

 

, , ,

Uzbekistan welcomes over 1 mln foreign tourists every month

Since April this year, Uzbekistan has been welcoming over 1 million foreign tourists every month. These figures are unprecedented in the country’s history, according to the press service of the Tourism Committee under the Ministry of Ecology, Environment and Climate Change.

In the first nine months of the year, Uzbekistan was visited by 8.6 million foreign tourists, which is 12.5% more than in the same period last year. In 2024, the country was visited by 10.06 million tourists, in 2023 — 6.62 million, and in 2022 — 5.23 million.

The growth in tourist traffic compared to 2022, when the world began to recover from the COVID-19 pandemic, was as follows:

  • from the UK — 2.6 times,
  • from Qatar — 6.2 times,
  • from the US — 3 times,
  • from France — 2.9 times,
  • from Hungary — 3.3 times,
  • from Germany — 2.5 times,
  • from Poland — 6.2 times.

Exports of tourism services also reached a record level this year, exceeding $3.6 billion (compared to $3.4 billion for the whole of 2024).

The Tourism Committee noted that the development of the industry was facilitated by reforms in recent years, in particular the simplification of the visa regime, incentives for entrepreneurs, and the active promotion of Uzbekistan abroad.

Source

 

,

Uzbekistan shows interest in hosting Formula 1 race

Renowned British journalist and motorsport analyst Joe Sovard, who has been covering the Formula 1 championship since the 1980s, reported on Uzbekistan’s possible interest in hosting a Formula 1 race on its territory.

On the sidelines of the Singapore Grand Prix, which took place at the Marina Bay circuit, representatives of several Asian countries, including Uzbekistan, actively discussed the prospects of organizing future Formula 1 races. This was reported by Joe Sovard, a permanent accredited correspondent for the International Automobile Federation (FIA) and author of the popular blog Joe’s Blog F1, dedicated to the behind-the-scenes aspects of motorsport.

According to Sovard, Uzbekistan is positioning itself as a promising center for the development of international motorsport events in Central Asia. “The paddock at Marina Bay was as lively as ever, and there are rumors that representatives from Thailand, Korea, and even Uzbekistan were discussing possible F1 races in the city in the future,” the expert noted in his recent review. He emphasized that the initiative is in line with Tashkent’s strategic course to modernize infrastructure and strengthen the country’s international image through sport.

Sport is playing an increasingly important role in public life in Uzbekistan. Recently, the national football team qualified for the FIFA World Cup for the first time in history, which gave a significant boost to the development of mass and professional sports.

The government is showing considerable interest in motorsports, undertaking to finance the FIA General Assembly in Tashkent in December this year.

Sovard, whose materials are highly valued in professional circles for their depth of analysis and access to insider information, sees these steps as having the potential to expand the geography of Formula 1. “It is clear that there is interest in cars in the country,” he comments, emphasizing that such initiatives contribute not only to the sporting but also to the economic progress of the region.

Source

 

,