Europe Bank Invests $6.8B in Uzbekistan's Growing Economy

A major European development bank just made a big bet on Central Asia's future, and the results are already creating opportunities for millions of people.

The European Bank for Reconstruction and Development has invested nearly $6.8 billion in Uzbekistan across 208 projects, marking one of its largest commitments in an emerging market. Around 60% of that funding flows directly to private companies, helping local businesses grow and create jobs.

In 2025 alone, the bank invested over $1 billion in the country. That money is building new factories, expanding digital services, and helping startups get off the ground.

Recent deals show how the investments work in practice. Electronics retailer Texnomart received $9.8 million to modernize its operations and launch training programs with local schools. Beverage producer UzCarlsberg got $16 million for new facilities focused on water and energy efficiency.

The bank isn't just writing checks. It's working with Uzbekistan's government on reforms to make the economy stronger, from upgrading energy networks to digitalizing the railway system. Electric bus proposals for cities like Nukus and Samarkand are moving forward.

"We're very focused on energy transition and infrastructure, support for small businesses and startups, and policy work," said Greg Guyett, the bank's first vice president, during a recent visit to the capital Tashkent.

Credit rating agencies have given positive assessments of Uzbekistan's economic direction. The country has strong fiscal health, low borrowing levels, and healthy reserves.

The Ripple Effect

Beyond traditional infrastructure, the bank is betting big on innovation. Its Star Venture program supports tech startups in fintech and digital banking, areas where young entrepreneurs are building solutions for their communities.

These investments create a multiplier effect. A loan to one company means jobs for workers, contracts for suppliers, and services for customers. Training programs mean young people gain skills that last a lifetime.

The focus on sustainability matters too. Water and energy efficiency upgrades don't just help businesses save money. They protect resources for future generations in a region where climate challenges are real.

With more than 118 active projects and a growing pipeline, the bank plans to expand into renewable energy, infrastructure upgrades, and mining development. Each project represents another step toward economic opportunity for ordinary people.

Central Asia is becoming a hub for growth, and Uzbekistan is leading the way with partners who believe in its potential.