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Social network X could be fined more than $100 million
Signing of the memorandum of cooperation between the Competition Policy and Consumer Rights Research Center and Tashkent State University of Law
Regulation of the installment market
Apple named most expensive brand in the world
WB: Uzbekistan needs to reduce the influence of monopolies.
The development of Uzbekistan's key service sector has slowed down, the World Bank said in a report. In this regard, the WB recommends improving the country's links to external markets by reducing monopolies in telecommunications, aviation and railways, as well as easing requirements for localization of personal data and supporting ICT training. In Uzbekistan, the services sector accounts for more than half of all jobs and has been central to the process of structural transformation over the past three decades. In the past decade, the growth of Uzbekistan’s services exports has lagged behind its manufactures exports while FDI greenfield announcements to both sectors have been even. In this regard, the WB recommends liberalizing service markets by reducing the role of state monopolies in the telecommunications, air, and rail transport sectors.
China's antitrust regulator tighten control in 2025
China's State Administration for Market Regulation (SAMR) has announced that it will tighten control of international affairs and cross-border acquisitions in the semiconductor sector in 2025. In December, 2024 SAMR also announced an investigation into Nvidia chipmaker company for allegedly violating China's antitrust laws and failing to honor commitments made when it bought Israeli switch and network adapter maker Mellanox Technologies for USD 6.9 billion. Beijing approved the deal on the condition that Nvidia not discriminate against Chinese companies. SAMR also added that on 2025 it plans to tighten measures to combat irrational competition in the solar energy sector, as well as in electric vehicles and lithium batteries.
Humo's payment system will be privatized.
“National Interbank Processing Center” JSC will be privatized by “Paynet” JSC. The amount of the transaction, according to the results of the bidding, amounted to $65 million, and the consultant for privatization was the international company “Deloitte”. At the same time JSC “Paynet” undertook obligations to implement measures aimed at maintaining and ensuring stable and uninterrupted operation of the payment system “Humo”, as well as the protection of confidential information of system users. The results of privatization were approved by the decision of the State Commission for Privatization and Coordination of Privatization of State Assets.
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