In the 21st century, the rapid development of global economic ties has further heightened the strategic importance of transport and logistics systems. From this perspective, strengthening transport cooperation among the member states of the Organization of Turkic States (OTS) —located in a key geoeconomic region connecting Europe and Asia—has become a priority.

Within the OTS framework, practical initiatives are being advanced to develop modern transport corridors, build up transit capacity, and create a single logistics space. This serves not only to deepen regional integration but also to ensure sustainable economic growth and connectivity across Eurasia.

The OTS countries are among Uzbekistan's primary trade and economic partners. Specifically, Uzbekistan maintains a large volume of trade with Kazakhstan, a free trade agreement with Azerbaijan, and most-favored-nation status with Turkey and Hungary.

In 2023, Uzbekistan's cargo transport volume with OTS member countries reached 17.5 million tons, accounting for nearly 38 percent of its total export-import shipments.

To further intensify multilateral cooperation within the Organization and strengthen the strategic partnership between its member states, the 12th Summit of the Organization of Turkic States was held on October 7, 2024, in Gabala, Azerbaijan, under the motto "Regional Peace and Security."

Following the summit, the parties adopted the 121-point Gabala Declaration. This document outlined a number of priority objectives for expanding cooperation in the political, economic, transport, communications, energy, and security spheres. The declaration paid special attention to the transport sector, identifying the further strengthening of transport connectivity between Europe and Asia, the enhancement of the region's transit potential, and the expansion of trade and economic ties as key tasks.

Additionally, the development of the Trans-Caspian International Transport Corridor (the Middle Corridor) was recognized as one of the organization's strategic priorities. Special emphasis was placed on increasing the efficiency of freight supply chains across Eurasia, diversifying transport routes, and enhancing the region's importance in the global logistics system by improving this corridor.

Furthermore, an agreement was reached at the summit to implement the "OTS+" format, aimed at expanding the geographical scope of cooperation between the Organization of Turkic States and external partners and third countries.

At this summit, the head of our state underscored the importance of connecting the Middle Corridor with the China–Kyrgyzstan–Uzbekistan railway and the Trans-Afghan Corridor, as well as digitalizing customs procedures and optimizing tariffs. The proposed initiatives were supported by the organization's member states, who expressed their readiness for joint work in these areas.

According to experts, the China–Kyrgyzstan–Uzbekistan railway is expected to create the shortest corridor from China to countries in Europe and the Middle East, reducing the distance by 900 kilometers and freight delivery times by 7–8 days.

The construction of the Uzbekistan–Afghanistan–Pakistan railway is another vital project for transregional cooperation. This project will link the South Asian railway system with the railway networks of Central Asia and Eurasia.

In recent years, as attention to the Trans-Caspian Corridor has grown, the volume of freight transported along it has been steadily increasing. In 2023, the transit of Uzbek cargo on this route through the Port of Baku exceeded 1.2 million tons, and there are plans to increase this figure to 1.5 million tons in the near future.

Uzbekistan is an active user of the strategic "China–Kyrgyzstan–Uzbekistan–Turkmenistan/Kazakhstan–Caspian Sea–Azerbaijan–Georgia–Turkey–Europe" route, which runs through the member states of the Organization of Turkic States (OTS). In cooperation with the OTS, special importance is attached to the development of this corridor. Specifically, large-scale work is underway to modernize infrastructure and coordinate logistics processes.

As the development and diversification of global logistics chains and transport corridors, along with the formation of a unified transit network, become particularly relevant, realizing the potential of the Organization of Turkic States is coming to the forefront.

Within the OTS framework, special attention is also given to implementing digital solutions in supply chains. In particular, an electronic permit exchange system (e-Permit) has been established among the Organization's member states, and the e-TIR system has been implemented with Azerbaijan. Alongside these efforts, solutions such as electronic customs, automated cargo tracking systems, and the "digital customs corridor" are being widely introduced in OTS countries.

The aforementioned initiatives are an important step toward creating a single transport space among the Turkic states. Through digital systems, new transport routes, and joint investments, the OTS countries are deepening their mutual integration and strengthening their positions within the Eurasian transport network.

IA “Dunyo”

Today, climate change stands as one of the most urgent and complex global challenges, with its negative effects being particularly acute in ecologically fragile regions under high anthropogenic pressure. One such area is the Aral Sea region, where the consequences of climate change are having a far-reaching impact on the state of natural resources, the living standards of the population, and economic activities.

The desiccation of the Aral Sea has led to a sharp change in the region's microclimate, an increase in air temperature, a decrease in precipitation, intensified wind activity, and a greater frequency of dust and sand storms. These processes are causing land degradation, water scarcity, and a decline in biodiversity. Consequently, agricultural productivity is diminishing, the pressure on drinking water supplies is mounting, and a serious threat to public health is emerging.

Climate change adaptation measures in the Aral Sea region primarily encompass a comprehensive set of actions aimed at sustainable water resource management, strengthening hydro-technical infrastructure, establishing protective forest plantations on the dried seabed, reducing land degradation, conserving biodiversity, and enhancing the climate resilience of the population.

In the New Uzbekistan, the issue of adapting to climate change is one of the priority directions of state policy.

Under the leadership of President of Uzbekistan Shavkat Mirziyoyev, numerous initiatives are being advanced at the international level to ensure environmental sustainability, protect natural resources, and adapt to climate change.

Notably, on the initiative of the President of the Republic of Uzbekistan, a special resolution "On declaring the Aral Sea region a zone of environmental innovations and technologies" was adopted at the 75th session of the UN General Assembly on May 18, 2021.

Today, programs aimed at transforming the Aral Sea region into a zone of environmental innovations and technologies, developing green infrastructure, and increasing the population's resilience to climate change are being consistently implemented. This is crucial for combating the negative environmental and public health consequences of the Aral Sea's desiccation, addressing the resulting problems, and improving the living conditions of the local population by ensuring their employment.

In his speech at the 80th session of the UN General Assembly in September 2025, the leader of Uzbekistan will emphasize that the negative consequences of the Aral Sea's desiccation must remain a constant focus of the global community. It will be noted that in recent years, 2 million hectares of salt-tolerant desert plants have been planted on the dried seabed, and by 2030, green cover will be established across 80 percent of this area.

The International Fund for Saving the Aral Sea (IFAS) is a key institutional center that develops practical solutions for climate change adaptation.

The Agency of the International Fund for Saving the Aral Sea (IFAS), operating within the IFAS system, plays a crucial role in implementing climate change adaptation measures in the Aral Sea region.

Specifically, within the framework of the "Creation of Small Water Bodies in the Amu Darya Delta (Phase II) " project, mechanisms for a stable water supply to the lake system have been improved. This is enabling the redistribution of water resources, regulation of the hydrological regime, and strengthening of the region's ecological balance.

In parallel, the reconstruction of the Muynak Canal has significantly increased its water conveyance capacity. Water distribution efficiency has improved, the water supply to the lakes has stabilized, and water losses have been considerably reduced.

Furthermore, as part of the reconstruction of the "Ribache" reservoir dam, hydraulic structures were reinforced, water discharge systems were modernized, and the risk of erosion was significantly diminished. This contributes to strengthening water security and ensuring the effective and rational use of water resources.

In the area of ecological restoration, protective forests are being established in the Akhantay and Akkum areas. Forest reclamation measures carried out on the dried seabed are helping to reduce wind erosion and salt migration processes. Through these efforts, the microclimate in the region is stabilizing, and landscape degradation is being prevented.

At the same time, the social dimension is also vital for ensuring environmental sustainability. To this end, competitions, educational campaigns, and promotional events aimed at raising ecological awareness among youth are regularly organized.

Additionally, modern models for the sustainable use of water and land resources are being introduced for the local population and farms. In this process, special attention is focused on the widespread adoption of water-saving technologies, effective management of land resources, rational land administration, and the implementation of agricultural practices adapted to climate change.

As a result of these measures, it is possible not only to mitigate environmental problems but also to raise the population's standard of living, ensure economic stability, and strengthen the region's resilience to climate change.

A Digital and Scientific Approach: A New Stage in Climate Adaptation

At the current stage, climate change adaptation processes are not limited to traditional methods but are being integrated with modern digital technologies and scientific approaches. Specifically, these include:

- real-time monitoring of hydrological and meteorological data;

- analyzing the condition of territories based on satellite imagery;

- planning and optimal allocation of water resources;

- and collecting and managing data through digital platforms.

These approaches enable the early detection of climate change impacts, the reduction of risks, and the efficient use of resources.

At the same time, international cooperation is crucial for the effective implementation of climate change adaptation measures in the Aral Sea region. In particular, through collaboration with the Swiss Agency for Development and Cooperation (SDC), efforts are underway to enhance the region's climate resilience through sustainable water resource management and the introduction of integrated approaches.

Additionally, in partnership with the Global Water Partnership (GWP), mechanisms for ensuring water security and the rational use of resources are being developed. Meanwhile, projects implemented with the Organization for Security and Co-operation in Europe (OSCE) involve monitoring the ecosystems of the Aral Sea's wetlands to assess the impacts of climate change and develop adaptation measures.

Adapting to climate change in the Aral Sea region is not merely about addressing environmental problems; it is a fundamental condition for achieving sustainable development.

The ongoing systemic reforms show that through a scientific approach, modern technologies, and institutional cooperation, sustainable solutions can be achieved even amid the most complex environmental crises.

The primary task now is to prioritize climate change adaptation in every sector and integrate it into our way of life.

This is because adapting to climate change is not just a present-day task, but a strategic responsibility to future generations.

Birodarjon Burkhonjonov,

Head of the Agency of the International Fund for Saving the Aral Sea.

At the invitation of President of the Republic of Uzbekistan Shavkat Mirziyoyev, United Nations Secretary-General António Guterres will pay an official visit to our country from June 30 to July 1.

The program of the high-ranking guest's stay in Tashkent envisages talks at the highest level.

The agenda includes issues of further expansion and strengthening of Uzbekistan's multifaceted cooperation with the UN and its institutions, as well as topical aspects of global policy and regional interaction. Special attention will be paid to supporting measures to achieve the Sustainable Development Goals in our country.

During the visit, the UN Secretary-General will also visit a number of industrial and social sites, hold bilateral meetings and events.

Translated with DeepL.com (free version)

Uzbekistan, located in the heart of Central Asia, faces unique environmental challenges that require an integrated approach and strategic planning. In recent years, the country has been taking active steps to protect the environment by integrating sustainable development into national programs and projects. These efforts are not only aimed at improving the environmental situation in the country, but also make a significant contribution to solving global problems. Uzbekistan actively participates in global initiatives to combat climate change. The country ratified the Paris Agreement in 2016, committing to reducing greenhouse gas emissions and adapting to climate change.

Environmental policy issues play a key role on the agenda of the New Uzbekistan. Measures to transform the sphere of ecology and environmental protection to improve the activities of our ministry, actions to combat climate change and its consequences, a moratorium on tree cutting, the introduction of clean “green” energy, solid waste management, the development of “green” transport infrastructure, expansion networks of protected natural areas, measures to restore ecosystems and preserve biodiversity, combat desertification and drought, unify environmental legislation in accordance with international standards, supporting the introduction of modern information technologies, show positive trends.

One of the key aspects of Uzbekistan’s environmental strategy is the development of a “green economy”. The state program “Green Economy” for 2019-2030 is aimed at reducing the carbon footprint, increasing energy efficiency and developing renewable energy sources (RES).

Moreover, the government of Uzbekistan has set ambitious goals to increase the share of renewable energy sources in the country’s overall energy balance. As part of the Development Strategy “Uzbekistan - 2030” and subsequent plans. As President of Uzbekistan Shavkat Mirziyoyev stated at the third Tashkent International Investment Forum held in early may this year, our country strives to create more than 20 gigawatts of renewable energy capacity by 2030 and increase its share in the energy sector. balance up to 40 percent. These goals include the construction of new solar and wind power plants, as well as the modernization of existing energy infrastructure.

In 2019, the law “On Renewable Energy Sources” was adopted, which creates a legal basis for the development of the green energy sector. The law provides benefits and preferences for investors, which stimulates the attraction of both domestic and foreign investment.

The development of “green energy” in Uzbekistan is actively supported by international organizations and financial institutions. Cooperation with the International Renewable Energy Agency (IRENA), the World Bank, the Asian Development Bank and other structures plays an important role. Investments and technical support from these organizations contribute to the rapid implementation of innovative technologies and best practices in the field of renewable energy sources.

Just last year, together with the strategic partners of Uzbekistan - the companies Masdar, Gezhouba, China Energy”, large wind and solar power plants with a capacity of 1.4 gigawatts were launched. Also, together with ACWA Power, we began implementing a project for the production of “green” hydrogen.

Currently, work is underway on the implementation of 28 eight projects in this direction. It is noteworthy that these important projects are carried out exclusively through foreign direct investment on the basis of public-private partnerships.

Achieving global sustainable development goals is no less important for the country.

In Uzbekistan, in 2022, an updated Resolution of the Cabinet of Ministers “On additional measures to accelerate the implementation of National Goals and Objectives in the field of sustainable development for the period up to 2030” was adopted, which confirms Uzbekistan’s strong determination in achieving the global Agenda for the period up to 2030 year in a comprehensive partnership with all UN member countries to achieve sixteen national sustainable development goals.

The National Goals and Objectives in the field of sustainable development for the period until 2030, the Plan of Measures for the effective implementation of the National Goals and Objectives in the field of sustainable development for the period 2022–2026, as well as the National Development Strategies of Uzbekistan, approved by the Government of our country, serve the implementation of the Goals of Sustainable Development development.

The achieved results in implementing the national goals and objectives of Uzbekistan are generally approved and recognized by the international community.

The basic principle of the new Uzbekistan “In the name of the honor and dignity of man” is consonant with the UN principle on sustainable development “Leave no one behind”.

In the Interagency Ranking of Sustainable Development Goals published by the UN (SDR) in 2023, Uzbekistan took 69th place among 166 countries, increasing its ranking by 8 points.

The Voluntary National Reviews prepared in 2020 and 2023 on the implementation of the national Goals and objectives of sustainable development of Uzbekistan until 2023 were positively assessed by the UN.

Uzbekistan has achieved significant results on all Sustainable Development Goals, which were balanced and interconnected with the implementation of the “Strategy of Action for Five Priority Areas of Development of the Republic of Uzbekistan in 2017 - 2021”

An analysis of the current state of protected natural areas in Uzbekistan and current trends in this area shows that in recent years the number and area of protected natural areas in the country have been increasing. Reforms are being carried out in the forestry sector, as a result of which the amount of forest land in the country has noticeably increased.

In this context, the initiative of President Shavkat Mirziyoyev “Yashil makon” (“Green space”) has become a truly national project. The forest area in relation to the total land area of Uzbekistan has increased over 7 years from 8.3% to 8.7%. The share of protected areas increased 2.0 times.

Uzbekistan actively participates in international mechanisms for environmental protection and human development. Various initiatives are being implemented to preserve biodiversity, restore ecosystems in the Aral Sea region, protect the ozone layer and mitigate the effects of climate change, and waste management. There are also policies and programs aimed at ensuring people's access to healthy food and clean water. Uzbekistan cooperates with the European Union, its institutional bodies for environmental protection and sustainable development, as well as with individual states such as Germany, Finland, Turkey, and South Korea.

The country is a party to 14 international conventions, as well as more than 20 protocols, agreements and memoranda of understanding in the field of environmental protection and sustainable development.

Uzbekistan regularly takes an active part in the annual meetings of the UN Framework Convention on Climate Change. During the 27th meeting, held in 2022, the Uzbek delegation advocated consolidating efforts to achieve carbon neutrality, promoting renewable energy sources, climate change adaptation projects, combating desertification and land degradation, introducing water-saving technologies and other climate actions in Central Asia.

Another significant aspect was that the UN supported the initiative of President Shavkat Mirziyoyev to hold the first International Climate Forum in Samarkand in 2024, dedicated to climate change issues, which provides for a discussion of opportunities for international cooperation to reduce risks and threats in the Central Asian region and issues of attracting climate finance . During the 78th session of the UN General Assembly in September of this year. In New York, the President of Uzbekistan took the initiative to adopt the UN General Assembly resolution «Central Asia in the face of global climate threats: solidarity for common prosperity» and proposed discussing its main provisions at the Samarkand Forum.

Cooperation with the countries of Central Asia is critically important to address the many environmental challenges facing the region. Cooperation in this area contributes not only to improving the environmental situation, but also to strengthening regional stability and sustainable development.

Another significant aspect was that the UN supported the initiative of President Shavkat Mirziyoyev to hold the first International Climate Forum in Samarkand in 2024, dedicated to climate change issues, which provides for a discussion of opportunities for international cooperation to reduce risks and threats in the Central Asian region and issues of attracting climate finance . During the 78th session of the UN General Assembly in September of this year. In New York, the President of Uzbekistan took the initiative to adopt the UN General Assembly resolution “Central Asia in the face of global climate threats: solidarity for common prosperity” and proposed discussing its main provisions at the Samarkand Forum.

One of the most significant areas of cooperation between Uzbekistan and neighboring countries is water resources management. The transboundary rivers Amudarya and Syrdarya are vital for all countries in the region. Uzbekistan actively participates in international forums and initiatives aimed at the rational use of water resources and conflict prevention. Joint projects with Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan include modernizing irrigation systems, introducing water-saving technologies and improving water basin management.

The problem of the drying up of the Aral Sea is one of the most acute environmental disasters in the region. The Aral Sea region is of international importance. In the second half of the 20th century, the state of the Aral Sea entered a phase of instability. This period, caused by anthropogenic impact, is characterized by a decrease in the volume and flow of water, an increase in salinity, a decrease in fish biodiversity and other negative processes. The shrinking Aral Sea has a significant impact on the ecosystems of all neighboring countries, its critical situation extends directly to Turkmenistan, Kazakhstan and Uzbekistan, in particular to the Republic of Karakalpakstan, Khorezm, Bukhara and Navoi regions, and indirectly to Tajikistan and Kyrgyzstan.

Restoring the Aral Sea requires joint efforts of all coastal states. Uzbekistan actively cooperates with Kazakhstan within the framework of the International Fund for Saving the Aral Sea (IFAS), implementing projects on reforestation, improving water supply and combating dust storms. These measures not only help improve the environmental situation, but also help mitigate the socio-economic consequences of an environmental disaster.

Desertification and land degradation are a serious problem for the countries of Central Asia. Uzbekistan is actively participating in regional projects aimed at combating these phenomena. Collaborative efforts include planting shelterbelts, restoring pastures, improving land management and introducing sustainable agricultural practices. Cooperation with Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan allows for the exchange of best practices and technologies, which contributes to the effective fight against desertification.

Positive trends include the adoption of measures to increase the area of green space, a reduction in areas allocated for cotton and an increase in areas for growing vegetables, grains, fruits and fodder crops, as well as an increase in government support for the introduction of water-saving irrigation technologies.

Cooperation in the field of environmental education and knowledge exchange plays an important role in solving environmental problems in the region. Uzbekistan, together with neighboring countries, is implementing programs to increase environmental awareness of the population, train specialists and conduct joint research. This includes organizing conferences, seminars, training programs and exchanges of students and scientists. Such interaction contributes to the formation of a sustainable environmental culture and the training of qualified personnel to solve environmental problems.

Cooperation between Uzbekistan and the countries of Central Asia in the field of environmental protection is a key element of the regional sustainable development policy. Joint efforts to manage water resources, restore the Aral Sea, develop renewable energy sources, combat desertification and environmental education contribute not only to improving the environmental situation, but also to strengthening regional stability and prosperity. Uzbekistan continues to actively participate in international and regional initiatives aimed at solving common environmental problems, demonstrating its commitment to the principles of sustainable development and international cooperation.

In general, environmental protection in Uzbekistan is an integral part of the country’s sustainable development strategy. The measures taken to develop a green economy, combat climate change, protect water resources and promote sustainable agriculture not only improve the environmental situation in the country, but also make a significant contribution to solving global environmental problems. Uzbekistan demonstrates that an integrated and strategic approach to environmental protection can lead to a sustainable future, both nationally and globally.

May 13. /Dunyo IA/. Uzbekistan has nominated its candidacy for the Chair of the UN Tourism Comission for Europe (CEU) for the 2025–2027 term.

This marks the first time in its history that Uzbekistan has put forward a candidate for this prestigious position, underscoring the country’s growing engagement in global tourism affairs and the high level of trust it has earned within international tourism bodies.

The UN Tourism Comission for Europe consists of 41 member countries from Europe as well as Central and Western Asia. It plays a pivotal role in shaping tourism policy across the region, promoting regional cooperation, and advancing sustainable and inclusive tourism development.

The 71st meeting of the Commission will be held on June 4–6, 2025, in Baku, Azerbaijan. During this session, elections are scheduled to take place for the Chair of the CEU for the 2025–2027 term.

Uzbekistan’s nomination for this position is viewed as recognition of the country’s consistent reforms in the tourism sector, its practical efforts to strengthen regional cooperation, and its contribution to the development of sustainable and inclusive tourism.

If elected, Uzbekistan intends to promote new initiatives aimed at positioning Central Asia as a unified tourism destination, developing cross-border routes, widely implementing digital solutions, and enhancing regional dialogue within the framework of the United Nations World Tourism Organization.

President of the Republic of Uzbekistan Shavkat Mirziyoyev met with World Bank Vice President for Europe and Central Asia Antonella Bassani on September 30.

The sides considered topical issues of further expansion of strategic cooperation with the World Bank Group and support of this leading international financial institution to the ongoing reform program in New Uzbekistan.

At the beginning of the meeting, Vice President Antonella Bassani conveyed to the head of our state sincere greetings and best wishes of World Bank President Ajay Bangui.

During the conversation, the current high level and fruitful nature of bilateral cooperation were noted with deep satisfaction.

In recent years, our country has become one of the largest partners of the Bank - the portfolio of projects has increased several times and now exceeds 12 billion dollars.

The World Bank supports the implementation of important reforms aimed at ensuring the sustainability of economic and social sectors. Since July this year, the Bank's regional office has been operating in Tashkent.

Such areas as poverty reduction, transformation of state-owned enterprises and banks, decarbonization, support for WTO accession and others have been identified as priorities for further expansion of the partnership.

Special attention was paid to the programs of urbanization and integrated development of regions, modernization of energy and irrigation infrastructure, support to the private sector.

There was also an exchange of views on the promotion of regional projects.

In October, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, will pay a state visit to the Kingdom of Belgium, during which important decisions are expected to be made that will mark a qualitatively new stage in relations between Uzbekistan and the European Union. In particular, the visit will feature the signing of the Agreement on Enhanced Partnership and Cooperation.

In recent years, Uzbekistan has been actively shaping a new framework of engagement with Europe – a key pillar of stability amid current geopolitical tensions and global economic uncertainty. The ties between Uzbekistan and European countries continue to grow, and the areas of cooperation are diversifying, supported by the ongoing reforms in Uzbekistan.

Building a New Chapter in Relations

After gaining independence, Uzbekistan’s relations with the European Union developed dynamically. A Memorandum of Understanding between the Government of Uzbekistan and the European Commission was signed in 1992, followed by the establishment of diplomatic relations in 1994. The foundation of cooperation was laid by the Partnership and Cooperation Agreement (PCA) signed in June 1996 and entering into force in 1999. However, at a certain stage, cooperation faced difficulties due to the insufficient pace of democratic reforms in Uzbekistan.

With the election of Shavkat Mirziyoyev as President, the situation changed dramatically. As early as 2017, during his visit to Tashkent, Stefano Manservisi, Director-General for International Cooperation and Development of the European Commission, stated that “the EU regards Uzbekistan as a strategic partner.” The sweeping democratic and economic reforms launched in Uzbekistan helped resolve within a short period many issues that had long remained unsolved. Forced labor was completely eradicated, and reforms in the cotton sector enabled the country to abandon raw cotton exports altogether.

As reforms advanced, the legal and institutional framework of relations with Europe expanded rapidly. While previously Uzbekistan and the EU granted each other most-favored-nation treatment under the PCA, in April 2021 the EU granted Uzbekistan GSP+ beneficiary status, and in 2022 the Enhanced Partnership and Cooperation Agreement (EPCA) was initialed.

Along with internal transformation, Uzbekistan’s foreign policy architecture also changed. Priority was given to closer cooperation with neighboring Central Asian states, as well as the active expansion of ties with European countries – a vector that has strengthened steadily in recent years.

Just in the past year, Uzbekistan established strategic partnership relations with France, Italy, and Slovakia, while discussions on expanding strategic cooperation with Hungary continued. President Mirziyoyev also visited Slovenia, and Italy’s Prime Minister and Bulgaria’s President visited Uzbekistan.

A milestone in strengthening relations between Uzbekistan and Europe, and between Europe and Central Asia as a whole – was the first EU–Central Asia Summit, held in Samarkand in April 2025 under the chairmanship of Shavkat Mirziyoyev. Uzbekistan presented a broad range of initiatives to create a new model of regional cooperation between Central Asia and Europe, including: a multilateral agreement on investment protection and promotion; the launch of a Central Asia–EU Joint Chamber of Commerce; the adoption of a regional support program for SMEs and women’s entrepreneurship; the establishment of an investment platform to promote regional projects in green energy, innovation, transport, infrastructure, and agriculture.

The Samarkand Summit was highly productive. A Joint Declaration was adopted, establishing a strategic partnership between the two regions in trade, transport, energy, digital connectivity, and water management. European Commission President Ursula von der Leyen announced that the EU had prepared a €12 billion investment package for Central Asia under the Global Gateway initiative.

The Trajectory of Economic Cooperation

Uzbekistan’s deep democratic transformations have significantly improved relations with European countries. Economic reforms have enhanced the competitiveness of Uzbekistan’s economy, stimulating investor confidence and growing interest from European businesses.

The results are impressive. Over the past 8 years, Uzbekistan’s GDP has doubled, reaching $115 billion in 2024. Since 2017, investment in fixed capital has totaled $240 billion, of which foreign investment exceeded $130 billion. The country’s foreign exchange reserves surpassed $48 billion for the first time in history. Structurally, the share of industry in the economy increased from 20% to 26%, and services from 44% to 47%. Labor productivity (GDP per employed person) rose by 45%.

As a result, opportunities for mutually beneficial cooperation between Uzbek and European businesses have expanded. Between 2017 and 2024, Uzbekistan’s trade with the EU increased 2.4 times to $6.4 billion; exports grew 3.6 times to $1.7 billion, and imports 2.2 times to $4.7 billion. In 2024, the EU’s share in Uzbekistan’s total trade turnover was 9.7%, in exports 6.3%, and in imports 12%. The EU ranked third among Uzbekistan’s trade partners, after China and Russia.

The EU’s share in Uzbekistan’s total exports increased from 3.8% to 6.3% over the same period. This growth was driven by Uzbekistan’s accession to the GSP+ preferential trade system, granting duty-free access to the EU market across roughly 6,200 tariff lines. The share of Uzbekistan’s exports benefiting from GSP+ reached 59%, with a preference utilization rate of 84%, indicating efficient use of trade benefits.

In 2024, Uzbekistan’s exports to the EU were dominated by chemical products (52.1%), as well as textiles, ferrous and non-ferrous metals, minerals, and food products. Among EU members, France accounted for 47.2% of exports, Lithuania for 10%, and Latvia for 6.9%.

Uzbekistan’s imports from the EU significantly exceeded exports – a reflection of the ongoing technological modernization of the national economy. Around 16% of Uzbekistan’s total imports of machinery, equipment, and transport vehicles come from EU countries.

Investment cooperation is also expanding rapidly. In 2024, foreign investments and loans from EU countries and their financial institutions increased by 77%, reaching $4.1 billion (compared to $2.3 billion in 2023). The most active investors were Germany ($1.37 billion), the Netherlands ($1.05 billion), Cyprus ($858.9 million), the Czech Republic ($137.8 million), Italy ($99.8 million), and Sweden ($97.5 million). Today, around 1,000 enterprises with EU capital operate in Uzbekistan, with a total project portfolio of €30 billion.

A special role in recent years belongs to the EBRD, of which Uzbekistan has become one of the largest beneficiaries. The Bank’s total investments in Uzbekistan’s economy exceeded €5 billion, including around €1 billion in 2024, primarily directed toward the private sector.

Reforms in Uzbekistan have become the key driver for unlocking the significant potential of trade and economic cooperation with the European Union.

Uzbekistan–Belgium

The upcoming visit will also focus on strengthening relations between Uzbekistan and Belgium. Diplomatic relations were established following the opening of the Embassy of Uzbekistan in Brussels in 1993. In 1996, the two countries signed an Agreement on avoidance of double taxation, and in 1998 – an Agreement on mutual protection and promotion of investments, which provide legal guarantees for investors in both states.

Business contacts have intensified in parallel with Uzbekistan’s reform agenda. The visits of 2019 and 2022 set the tone for cooperation in infrastructure, energy, and the digital economy. More important than the current trade volumes has been the recognition and support of Uzbekistan’s reforms by EU partners, laying the foundation for long-term engagement.

In 2024, bilateral trade amounted to $62.3 million, including $7.3 million in Uzbek exports and $55 million in imports. Investment cooperation is gaining momentum: several dozen companies with Belgian capital now operate in Uzbekistan, including wholly owned enterprises. New technologies are being localized, for example, Jaga Climate Designers is participating in a joint venture for heating and ventilation systems, and Picanol Group is localizing the assembly of high-tech textile machinery. Belgian brands Belcolade and Prefamac are exploring opportunities to launch chocolate production with subsequent localization.

Despite modest trade volumes, there is significant potential for expanding cooperation in several areas. Given Belgium’s leading role in pharmaceuticals and biomedical research and Uzbekistan’s growing pharmaceutical market, joint ventures or industrial clusters could be developed in this sector, involving companies such as UCB and Janssen Pharmaceutica.

There is also strong potential for joint fruit and vegetable processing projects in Uzbekistan, targeting exports to the EU via Belgian logistics hubs such as the Port of Antwerp and wholesale markets. Potential partners include Greenyard and Puratos. Direct seasonal exports of fresh fruits (e.g., grapes in autumn and winter), as well as dried vegetables, spices, and organic products, could also be expanded. In light industry, there is room to increase exports of ready-made knitwear and home textiles, provided European quality and safety standards are met. The market potential is evident – Belgium imported about $7.9 billion worth of clothing in 2024.

The main challenges remain logistics and standards. Belgium functions as a major EU maritime hub centered around Antwerp, while direct routes from Uzbekistan are still limited. The near-term priority should be pilot supply chains ensuring quality and traceability, the development of cold logistics, certification under EU technical and sanitary regulations, the use of Benelux consolidation hubs, and trade finance tools for SMEs. With the gradual development of new overland routes along the Middle Corridor, Uzbekistan will gain a stronger foothold in high value-added exports without higher costs or delivery delays.

Conclusion

Uzbekistan is entering a stage of deepened economic cooperation with the European Union. During the ongoing modernization and digital transformation of its economy, European investment, technology, education, and research experience can play a key role. At the same time, Uzbekistan seeks to expand exports of industrial goods as their quality improves.

Uzbekistan is also a rapidly growing market with a young and dynamic population, now reaching 38 million people – an 18% increase since 2017. Every year, around 700,000 economically active individuals enter the labor market, forming a substantial human resource base for the economy, including joint ventures.

As a result of poverty reduction policies, living standards and household incomes have risen significantly. Whereas a third of the population once lived below the poverty line, 7.5 million people have been lifted out of poverty, and the poverty rate declined to 8.9% in 2024, with plans to reduce it further to 6% this year. These policies not only address social challenges but also expand domestic demand, increasing the interest of European businesses in entering Uzbekistan’s market.

The further deepening of Uzbekistan’s economic engagement with the EU and Belgium is an objectively mutually beneficial process – one that will define the success of the upcoming state visit of President Shavkat Mirziyoyev to Belgium.

The agreements expected to be signed will help advance joint projects in sustainable energy and infrastructure, strengthen transport and technological connectivity between Central Asia and Europe, and position Europe as a key partner in Uzbekistan’s long-term growth and modernization trajectory.

 Obid Khakimov,  

Director of the Center for
Economic Research and Reforms

A total of 537 companies and brands, 125 speakers, and more than 1,000 delegates from 31 countries have confirmed their participation in the forum

One of the most significant exhibition and conference events in the country’s fuel and energy sector - Uzbekistan Energy Week (UEW 2026) - will be held at the CAEx Uzbekistan International Exhibition Center.

Uzbekistan Energy Week is a major annual international event, traditionally supported by the Ministry of Energy of Uzbekistan and Uzbekneftegaz JSC. It brings together industry leaders, innovators and experts, along with government representatives and international businesses to shape the strategic agenda, define long-term priorities and accelerate adoption of advanced energy solutions.

The broad UEW 2026 Programme is built around the theme “New Energy: Innovation, Sustainability and Regional Cooperation” and includes a series of specialised exhibitions and conferences covering two core areas of the energy sector – hydrocarbon production and electric power. These events play a strategic role in shaping industry agenda and setting priorities for both development and regional dialogue.

The UEW 2026 Programme includes the following key industry events:

Uzbekistan International Energy Forum, comprising:

– the 28th International Conference Oil and Gas of Uzbekistan

– the 6th International Energy Conference

OGU 2026: the 28th International Oil and Gas Uzbekistan Exhibition

Power Uzbekistan 2026: the 19th International Exhibition on Energy, Energy Saving, Nuclear Energy, Alternative Energy Sources

GETCA 2026: Specialised Section on Green Energy Technologies Central Asia

Over three days, the leading companies from across the fuel and energy sector will present their advanced technologies and showcase the latest industry developments. A total of 537 companies and brands, 125 speakers, and over 1,000 delegates from 31 countries have confirmed their participation in Uzbekistan Energy Week, including Austria, Azerbaijan, Belarus, Belgium, the United Kingdom, Germany, Georgia, Denmark, Egypt, Jordan, Italy, Kazakhstan, Qatar, China, South Korea, Kyrgyz Republic, Morocco, the Netherlands, Norway, the United Arab Emirates, Poland, Russia, Saudi Arabia, Singapore, the United States, Türkiye, Uzbekistan, France, the Czech Republic, Switzerland and Japan.

National pavilions will bring together companies from the Republic of Belarus, Germany, China and Türkiye, while Italy, Republic of Korea and Russia will be represented with their collective stands.

Uzbekistan Energy Week highlights the sustained interest of international investors and technology companies in the country’s energy sector. With a strong focus on sustainable development and advanced technologies, the event continues to strengthen its role as a leading energy platform in Central Asia.

Dunyo IA

Dear compatriots!

I cordially congratulate you, the multinational people of Uzbekistan on the coming New Year 2025.

Despite the difficult situation in the world, the outgoing year has been prosperous for our country.

Thanks to the selfless labor, socio-political activity of our people, the idea of New Uzbekistan is becoming a reality.

The past elections to the Oliy Majlis and local councils have reaffirmed that we have entered a new stage of democratic reforms.

New high-tech industrial complexes, infrastructure and logistics networks, roads and railroads have been built in the country, business, IT and tourism spheres are developing. The incomes and quality of life of the population are increasing.

Our skillful dehkans and farmers, clusters have harvested rich crops. The whole country is being improved.

Kindergartens and schools, universities, cultural and sports facilities are being built. Thousands of our compatriots are welcoming the New Year in new homes.

Our energetic, enterprising young people are achieving success in all spheres. Their record achievements at the Olympic and Paralympic Games have opened a new page in the history of national sport.

The role and influence of civil society institutions, including the mahalla, are being strengthened. The sphere of spirituality and enlightenment is developing. Our country's initiatives of global significance are receiving broad support.

Uzbekistan's authority in the international arena as a competitive country and a reliable partner is growing.

All this has become possible thanks to sustainable development, the atmosphere of friendship and harmony in our society.

On this festive evening, I express my sincere gratitude to you, my dear ones, to all our people-creators for your conscientious labor and service to the Motherland.

Dear friends!

We have declared 2025 the Year of Environmental Protection and Green Economy.

Our main goal is to create a sustainable balance between the economic system and our environment. We will create even greater business opportunities.

We will resolutely continue to work to ensure the inviolability of private property and actively attract foreign investment.

The focus will be on the social sphere, increasing wages, pensions, scholarships and benefits.

We will mobilize all forces and opportunities to bring up our children harmoniously developed, with modern knowledge and professions.

We will increase attention to the development of science, education, health care, culture, art and sports.

We will continue to prioritize the care of veterans, women and youth, as well as improving the effectiveness of social protection.

We will raise to a new level the work on strengthening the potential of our Armed Forces, support for servicemen and their families.

In a word, all together, united, we will act to realize the main principle - “In the name of man, in the name of his happiness!”.

Dear friends!

Once again, I sincerely congratulate you - our compatriots abroad, as well as partners and friends of Uzbekistan around the world - on this wonderful holiday.

I wish you health, happiness, prosperity and well-being to every family, to our beloved Motherland!

May all our good dreams and hopes come true!

May our native Uzbekistan prosper!

Happy New Year to you, my dear ones!



Shavkat Mirziyoyev,

President of the Republic of Uzbekistan

President of the Republic of Uzbekistan Shavkat Mirziyoyev on December 13 took part in a solemn ceremony dedicated to the launch of new energy capacities and the beginning of construction of a number of facilities.

These projects are part of a large-scale work aimed at strengthening the potential of the country's energy system. Last December, five solar and one wind power plants were put into operation. Many new projects were launched during the Head of State's visits to the regions.

Today, 24 projects worth more than $7 billion have been launched. In particular, in Bukhara, Navoi, Namangan and Tashkent regions, 5 solar and wind power plants with a total capacity of about 2.3 thousand megawatts, as well as 5 high-voltage substations have been connected to the network.

For the first time in Uzbekistan, an energy storage system with a capacity of 300 megawatts was created in Andijan and Fergana. A 400 megawatt power plant was put into operation in Kashkadarya, and a modern cogeneration plant was put into operation in Tashkent, and in Andijan, Surkhandarya and Tashkent regions - four small hydroelectric power plants.

In addition, construction of 6 energy facilities with a total capacity of 2.5 gigawatts has started in Fergana, Samarkand, Navoi, Tashkent regions and Tashkent city.

These new projects will generate an additional 9.5 billion kilowatt hours of electricity, save 2.5 billion cubic meters of natural gas and prevent the emission of 4.6 million tons of harmful gases in the coming years.

Most importantly, over 4 million households will be provided with uninterrupted and clean energy. 

This will also set the stage for $4 billion worth of value creation in other sectors of the economy.

In total, in 2025, our country will produce 84 billion kilowatt-hours of electricity, which is 25 billion kilowatt hours or 1.5 times more compared to 2016.

Speaking at the ceremony, President Shavkat Mirziyoyev emphasized that all these projects are implemented through foreign direct investment. Gratitude was expressed to companies from the United Arab Emirates, Saudi Arabia, Türkiye, China and Germany, as well as international institutions such as the Asian Development Bank, the Asian Infrastructure Investment Bank, the Islamic Development Bank, the European Bank for Reconstruction and Development and the World Bank for their fruitful cooperation.

Thanks to the open access of the private sector, Uzbekistan's energy sector has attracted about $20 billion of foreign direct investment over the past five years. 

Twenty-four independent energy producers have started to operate in the sector, where previously only the state was present.

In particular, large solar and wind power plants with a total capacity of 3,500 megawatts, equivalent to 10 billion kilowatt-hours, were launched in the green energy sector. This increased the share of “green energy” in the energy system to 16 percent.

As is known, last year the country's GDP reached the historic figure of $100 billion for the first time. By 2030, Uzbekistan's economy should grow to $200 billion.

This will increase the demand for electricity by 1.5 times over the next five years. In addition, under the Paris Agreement, it is planned to reduce harmful gas emissions by 35 percent by 2030.

The President outlined the priority areas of work in the energy sector.

First, 19 thousand megawatts of additional “green capacity” will be built by 2030, and the share of renewable energy will be increased to 54 percent. Already by 2025, 18 solar and wind power plants with a capacity of 3.4 thousand megawatts and energy storage systems with a capacity of 1.8 thousand megawatts are planned. This will increase green energy production to 12 billion kilowatt-hours next year. Also within two years, a large-scale project will be implemented in cooperation with private partners to create more than 2,000 small and micro-hydroelectric power plants.

Second, liberalization of the electricity market will continue. By the end of next year, it is planned to create a competitive wholesale electricity market. Public-private partnership will be introduced in the sphere of energy distribution, and $4 billion of investments will be attracted for the modernization of networks. The first project of transferring the management of regional power grids to the private sector has been developed in Samarkand region, and an international tender has been announced.

Third, the expansion of international cooperation in the field of “green energy”. Within COP-29, agreements were signed with Kazakhstan, Azerbaijan and Saudi Arabia on joint export of “green energy” to Europe. Jointly with neighboring countries a single platform has been launched to ensure the stability of the regional energy system.

Fourth, development of “green energy” as a new driver for other sectors of the economy and improvement of living standards of the population. 

Solar panels with a total capacity of 1,000 megawatts have already been installed, which makes it possible to produce 1.5 billion kilowatt-hours of electricity annually. Support for “green” initiatives will continue with the introduction of dual education for the training of specialists.

- Today's event opens a new page in the history of our country's energy sector. These projects will not only ensure economic growth, but also will create an environmentally friendly and sustainable future for our descendants - said Shavkat Mirziyoyev.

The ceremony was addressed by Minister of Energy and Infrastructure of the United Arab Emirates Suhail Mohamed Al Mazrouei, Minister of Energy and Natural Resources of Türkiye Alparslan Bayraktar and Minister of Energy of the Kingdom of Saudi Arabia Prince Abdulaziz bin Salman Al Saud.

By pressing a symbolic switch, President Shavkat Mirziyoyev launched the operation of 18 energy facilities and construction of 6 new projects.

According to the CERR bank ranking results for 2025, the stable positions of most financial institutions indicate a higher competitiveness threshold across the sector. At the same time, a noticeable reshuffling has emerged within the mid-tier segment.

The Center for Economic Research and Reforms (CERR) presented an updated Bank Ranking based on the results of the Bank Activity Index for Q4 2025. The study covers 35 commercial banks of the republic, including 20 large financial institutions classified by scale and branch network, and 15 banks categorized as small. The methodology is based on the analysis of 27 indicators, benchmarked against national averages and international standards, including Basel Committee requirements. The ranking serves as an important tool for enhancing transparency and strengthening trust in the financial system. This approach is consistent with international practice and is used by leading financial institutions worldwide.

Financial results for Q4 2025

During the reporting period, total assets of the banking sector amounted to 892.9 trillion soums ($74.2 bn), while liabilities reached 759.8 trillion soums ($63.1 bn). Lending increased by 13%, while deposits grew by 31%. The share of foreign-currency transactions declined, indicating strengthening of the national currency. Net profit reached 13.5 trillion soums ($1.1 bn), which is 57.1% higher than a year earlier. Over the period under review, the share of non-performing loans decreased to 3.5% from 4.3% a year earlier, pointing to improved portfolio quality. At the same time, in some banks this indicator remains above the sector average. Capital adequacy ratios exceed minimum regulatory requirements by more than 1.4 times, confirming the resilience of the banking sector.

Activity ranking of large banks for Q4 2025

The results for Q4 2025 show that sector leaders have maintained stable positions, while reshuffling within the ranking remains limited. The most notable progress was demonstrated by SQB, which climbed three positions. Positive dynamics were also recorded by Davr Bank, Orient Finance Bank, Xalq Bank, and Ipoteka Bank, all of which improved their standings in the overall ranking. At the same time, only two large banks showed a decline in activity. Invest Finance Bank and Aloqa Bank fell by four and three positions in the overall ranking, respectively. Overall, 13 banks retained their positions in the activity ranking, which, amid intensifying competition, reflects the ability of institutions to maintain operational efficiency, adequate liquidity, asset quality, and financial stability.

Dynamics of key indicators

In financial intermediation, Tenge Bank and Ipak Yuli Bank showed a decline in efficiency in attracting and allocating resources, losing four and three positions, respectively. National Bank, Asia Alliance Bank, Anor Bank, BDB, and Mikrokreditbank also dropped by one position in this category. In terms of financial inclusion, a one-position decline was recorded for Orient Finance Bank, Xalq Bank, Agrobank, BDB, and Ipoteka Bank. Regarding asset quality, six large banks registered a decline. Agrobank lost three positions, while National Bank, Trast Bank, Anor Bank, Aloqa Bank, and Asaka Bank each lost two positions. Despite the overall positive profit dynamics in the sector, two banks posted a decline in profitability, namely National Bank and Anor Bank, which fell by two and one positions, respectively. In management efficiency, weaker positions were observed for Mikrokreditbank and Anor Bank, both down two positions. In terms of liquidity, almost one-third of all large banks in the country lost positions, with the sharpest decline recorded by Davr Bank, down six positions, while Agrobank closed the ranking, falling to the last position on this indicator.

Activity ranking of small banks for Q4 2025

In the group of small banks, relative stability persists. Leaders have retained their positions. The main changes in this category also occurred in the mid-tier segment, where several banks improved their standings due to growth in financial intermediation and higher profitability. In this group, six out of 15 financial institutions, including the ranking leader Universal Bank, retained their positions. At the same time, five banks recorded declines, with the largest drop observed at Ziraat Bank, which lost three positions, while Apex Bank rose by three positions in the overall ranking. AVO Bank and Madad Invest Bank each gained two positions, while Okto Bank gained one position and secured third place in the overall group ranking.

Jafar Khidirov,
Head of Banking and Financial Research Sector