Uzbekistan is a presidential Republic in the central and north-western parts of Central Asia and a member of the CIS. It is bordered by Kazakhstan, Turkmenistan, Tajikistan, Kyrgyzstan, and Afghanistan. The official language is Uzbek and the currency is the sum. It’s capital is Tashkent. Administratively it is divided into 12 regions and the sovereign Republic of Karakalpakstan (Qoraqalpog’iston).
Uzbekistan is an industrially oriented state, the industry of various branches accounts for more than 50% of the GDP (Gross Domestic Product). There are such industries as agriculture, construction, freight and passenger transportation, trade and services.
The country is rich in mineral resources; its territory has large deposits of oil and natural gas, uranium, gold, coal, silver, tungsten and many other minerals. In this regard, Uzbekistan has a well-developed mining and oil refining industry, non-ferrous and ferrous metallurgy, gold mining and processing industries.
In recent years, a number of activities have been carried out in Uzbekistan to promote the development of small business, because they plays a key role in the development of the economy as a whole. Rapid economic growth, a great amount of resources, and human potential invariably attract foreign business to Uzbekistan. The volume of investments is growing every year. This is due not only to the dynamically developing economy but also to the favorable investment climate created by the state for foreign business. The main export items are cotton and cotton products, gold, uranium ore, fertilizers, metals, textile and food products andcars. The largest foreign trade partners of Uzbekistan are Russia, China, and Kazakhstan. Russia accounts for almost 30% of the total foreign trade turnover.