The text of the article is in Uzbek!

An analysis of nighttime satellite illumination data indicates a strengthening of economic activity across regions and an expansion in the number of territories exhibiting urban-type development.

The Center for Economic Research and Reforms (CERR) applied satellite-based nighttime lights (NTL) data to assess economic activity at the level of regions and cities in Uzbekistan.

The analysis shows that higher light intensity corresponds to higher levels of economic activity and more advanced urban infrastructure.

CERR’s findings demonstrate a high degree of consistency between satellite-based indicators and official statistics. In particular, according to estimates based on NASA nighttime lights data, nominal GDP per capita in Uzbekistan grew by 80.3% in 2020–2025, corresponding to an average annual growth rate of 15.8%, increasing from $2,090 to $3,887 over five years.

For comparison, according to official statistics, GDP per capita increased by 81.8% over the same period, with an average annual growth rate of 16.1%, rising from $2,048 to $3,881.

Economic Activity in Large and Medium-Sized Cities

According to the data, over the past five years the highest growth in gross regional product (GRP) per capita among regions was recorded in the city of Tashkent, where the indicator increased by approximately $5,000, reaching $9.3 thousand by the end of 2025 (according to official statistics — $9.2 thousand).

Estimates for 2025 also show high GRP per capita levels in a number of large and medium-sized cities. In Navoi, the NTL-based estimate reached $9.3 thousand, in Zarafshan $7.9 thousand, in Samarkand $7.2 thousand, in Kokand and Andijan $6.7 thousand each, and in Akhangaran, Yangiyul, and Bukhara ranged from $5.8 thousand to $5.2 thousand, respectively.

Relatively high growth rates of GRP per capita were also observed across several regions. In Tashkent region, the indicator increased by $1.8 thousand to reach around $4 thousand. In Navoi region, GRP per capita also grew by $1.8 thousand to approximately $4 thousand. In Fergana and Syrdarya regions, the increase amounted to $1.6 thousand, reaching about $3.5 thousand and $3.4 thousand, respectively.

Economic Activity in Small and Medium-Sized Cities

Relatively high GRP per capita levels were also recorded in a number of small and medium-sized cities. In Termez, the indicator reached $5.1 thousand, in Margilan and Chirchik around $5 thousand, and in Namangan $4.8 thousand. Economic activity levels also remain relatively high in the cities of Kagan and Urgench.

Economic Activity at the District Level

At the district level, the highest GRP per capita growth dynamics in 2020–2025 were observed in Mirabad district, where the indicator increased by $7.1 thousand, in Yakkasaray district by $6.3 thousand, and in Chilanzar district by $5.6 thousand. As a result, GRP per capita in these districts exceeded $10 thousand, which is nearly three times higher than the average across other districts and cities in the country.

Among districts, the highest growth rates of economic activity were also recorded in Karmana district (2.5-fold increase), Yashnabad and Bektemir districts (2.4-fold), as well as Sergeli, Yangi Hayot, and Mirzo Ulugbek districts (2.3-fold).

Expansion of Territories with High Economic Activity

The use of nighttime lights data also made it possible to assess urbanization processes at the district level. In particular, between 2020 and 2025, the number of territories with high nighttime light intensity (NTL above 10), characteristic of urban agglomerations, increased from 22 to 31. The average GRP per capita in these territories rose from $3.8 thousand to $7 thousand.

At the same time, over five years the number of districts with low nighttime light intensity (NTL below 1) declined from 129 to 85, confirming the transition of 44 districts toward an urban-type development model.

In these districts, NTL levels increased on average by more than 2.5 times, while GRP per capita rose from $1.7 thousand to $3.2 thousand.

Conclusion

The results confirm that satellite-based nighttime lights data can effectively complement official statistics and be used for timely assessment of regional economic activity.

This approach enables the identification of new growth points and allows for more targeted allocation of state support toward infrastructure development and investment activity in the regions.

Abdulaziz Gaybullayev, CERR

CERR Public Relations Sector

Tel.: (+998) 78 150-32-20 (417)

President Shavkat Mirziyoyev signed the law "On Recognition of Rights to Unauthorized Land Plots and Buildings and Structures Constructed on Them".

Many citizens of our country have been waiting for the resolution of this issue, which concerns the lives of millions of families. According to preliminary data, there are currently more than 3 million 600 thousand land plots, the legal documents for which are not formalized or incomplete.

In this regard, the head of state at a video conference call on land registration and cadastre held on November 21, 2023, noted the need for a legal solution to this issue. Accordingly, a draft law was developed with the participation of specialists in the sphere and deputies. The positive experience of Italy, Bulgaria, Croatia, the Czech Republic and other countries was taken into account. The draft was finalized and considered in the chambers of the Oliy Majlis.

The law consists of 6 chapters and 35 articles, which recognize rights to the following land plots and property:

1) land plots unauthorizedly seized by citizens before May 1, 2018 through the construction of individual housing, and buildings and structures built on them;

2) land plots occupied by citizens and organizations before May 1, 2018 in excess of the area specified in the document, as well as buildings and structures built on them;

3) land plots, the recognition of rights to which within the framework of the "one-time action" has not been completed, as well as buildings and structures constructed on them;

4) land plots allocated by decision of the regional (city) khokim until June 8, 2021, but not approved by the regional khokim or the Kengash of People's Deputies;

5) residential premises on the territory of horticultural and vine-growing associations and the land plot occupied by them;

6) land plots of entrepreneurs located in small industrial zones before March 9, 2020;

7) land plots occupied by buildings and houses privatized by state warrant;

8) land plots occupied by buildings and houses for which the ownership right has been recognized by the decision of the hokim.

The law also clearly defines the main conditions for recognizing rights. For example, the land plot should not be allocated to other persons or put up for auction; there should be no dispute over the land plot; there should be no contradiction with the general plan.

Recognition of rights is carried out step by step by region. Approval of information and documents concerning unauthorized land plots and buildings and structures built on them is carried out through the automated information system of the Cadastre Agency. The relevant information is also entered into this system by 15 authorized organizations.

Completeness and legality of the collected documents are checked by the regional justice department. The results will be announced on the website of the Cadastre Agency and in makhalla corners. Citizens who have received a positive conclusion will be sent an SMS-message, on the basis of which a one-time payment will be made. After that, the rights will be recognized quarterly by the decision of the regional Kengash of People's Deputies.

The bodies of prosecutor's office, internal affairs, agro-inspection, ecology, cadastre establish state control over the implementation of the law. The law also pays special attention to public control. Thus, public groups will be created in each mahalla by decision of district councils of people's deputies. These groups will include a deputy of the district council elected from the district where the mahalla is located, the chairman of the mahalla and active citizens.

A one-time payment is charged for the recognition of rights to land plots under residential houses, privatized or buildings and structures recognized on the right of ownership. The amount of the payment is 5 basic calculation units in the city of Tashkent, 3 BRV in the city of Nukus and regional centers, 2 BRV in cities and 1 BRV in other settlements. Persons included in the Unified Register of Social Protection and persons with disabilities are given a discount.

The one-time payment is directed to cover the costs of the cadastre and justice bodies and the Uzbekcosmos Agency. The remaining funds will be directed to the activities of the initiative budget, i.e. to the mahallas.

The law will come into force in 3 months, before that explanatory and preparatory work will be carried out on the ground. The law will be in force until January 1, 2028.

It should be noted that in the Republic of Karakalpakstan work in this direction has already begun. The Decree of the President of Uzbekistan of July 28, 2023 allowed to recognize the rights to undocumented residential houses and land plots located in the region by the decision of Jokargy Kenes of the Republic of Karakalpakstan.

After that, working groups were established in all districts and cities to examine 43,432 houses built in the Republic of Karakalpakstan without title documents. The location, condition and time of construction of the houses were verified on the basis of an analysis of land records and space images.

Following a comprehensive discussion, ownership of 27,590 residential houses and the right to lease the land on which they are located were recognized.

The results of this noble policy have had a positive impact on the lives of more than 100,000 citizens living in 27,590 houses. They now have the right to legally register their housing, sell it to another person, and put family members on permanent registration. Also, owners will now be able to receive preferential loans for repairs or additional construction, and in case of seizure of housing for public needs to demand compensation in accordance with the law.

The law "On Recognition of Rights to Unauthorized Land Plots and Buildings and Structures Constructed on Them" will expand the scope of this noble work throughout the country. If we assume that each of more than 3 million 600 thousand land plots concerns on average 3-4 citizens or entrepreneurs, this law will solve the problems of more than 10 million people and create a legal basis for their future life.

The text of the article is in Uzbek!

The analysis covers the key thematic and semantic emphases of the President’s speech, the structure of core concepts and their interrelations, priority directions of state policy, as well as the strategic benchmarks for the country’s socio-economic development in 2026.

On 26 December 2025, President Shavkat Mirziyoyev delivered his Address to the Oliy Majlis and the people of Uzbekistan. Experts of the Center for Economic Research and Reforms (CERR) conducted a linguistic content analysis of the President’s speech.

The analysis was carried out using modern linguistic methods and is aimed at identifying semantic priorities, key concepts and their connections. A word cloud and diagrams were also prepared to visually demonstrate the priority directions of state policy.

Analysis (from the original language)

In total, the President used 9,135 words in his Address. The creation of a word cloud made it possible to visualize the most significant themes and gain a deeper understanding of the priorities and directions of the country’s socio-economic development.

Figure 1. Most frequently used words in the President’s Address (26.12.2025)

The linguistic analysis showed that the most frequently used key words included “mahalla” – 49 times, “aholi” (population) – 35 times, “iqtisodiyot” (economy) – 28 times, “bozor” (market) – 26 times, “loyiha” (project) – 25 times, and “technology” – 22 times (Fig. 1).

Words such as “ta’lim” (education), “natija” (result) and “daromad” (income) were each used 20 times; “tadbirkor” (entrepreneur) and “sanoat” (industry) – 19 times each; “suv” (water) – 18 times; “elektr” (electricity) and “hudud” (territory) – 17 times each; “yoshlar” (youth), “infratuzilma” (infrastructure) and “qurilish” (construction) – 16 times each.

The analysis of two-word expressions showed that the phrase “Markaziy Osiyo” (Central Asia) was used eight times; “aholi daromadi” (household income), “qishloq xo‘jaligi” (agriculture) and “yangi bosqich” (new stage) – seven times; “yangi texnologiyalar” (new technologies) and “Toshkent shahri” (city of Tashkent) – six times each. Expressions such as “Davlat xizmatlari” (public services), “xorijiy investitsiya” (foreign investment) and “yangi tizim” (new system) were used five times, while “dual ta’lim” (dual education), “ish o‘rni” (jobs), “viloyat markazlari” (regional centers) and “tuman byudjeti” (district budgets) were used four times each.
Among three-word combinations, the most frequent expressions included “the next five years” – nine times; “based on dual education” – four times; and “water-saving technologies” and “water, electricity” – three times each.

Thus, the analysis shows that at the core of state policy are the mahalla, public welfare, and the transition to a new stage of development based on economic and technological transformation, with clearly defined strategic objectives for the next five years.

Thematic structure of the speech

The diagram below shows the distribution of the speech’s vocabulary by key directions, where the content is grouped into nine main thematic blocks.
The diagram clearly demonstrates that technological development and human interests, implemented at the level of the mahalla, are at the center of state policy. The ultimate goal of all reforms is to ensure public welfare through sustainable economic growth (Fig. 2).

Figure 2. Distribution of words by thematic areas in the structure of the speech

Interconnection of development directions

The analysis highlights key words that demonstrate the interconnection between various directions of Uzbekistan’s state policy in the coming years.
The transition of the economy to a technological and innovation-based growth model is a central element of state policy and implies a shift away from a raw-materials model toward high-tech industry. This direction is closely linked with such concepts as “investment,” “technology,” “market,” and “product.”

The block on economic growth and welfare reflects the key outcomes of reforms, including the increase of the economy to $145 bn and a twofold reduction in poverty over the past three years. It is directly associated with the concepts of “population,” “economy,” “mahalla,” and “services.”

The social foundation of reforms is built through the development of the mahalla and social solidarity. This direction is associated with “mahalla,” “youth,” “society,” and “values.”

Structuring vocabulary by thematic areas shows that the core of the President’s speech is technological modernization of the economy and a human-centered governance model based on the “mahallabay” system.

It emphasizes the interconnection between economic growth, improvement of public welfare and the development of local infrastructure, as well as priorities such as strengthening human capital, expanding employment and increasing the efficiency of public administration.

Figure 3. Interconnection of development directions

Among the highlighted semantic blocks are also tasks related to stimulating domestic demand, developing the housing and tourism sectors, modernizing the transport system, increasing productivity in agriculture and introducing water-saving technologies.

Special emphasis is placed on the “green” agenda, including the development of renewable energy, expansion of the “Yashil Makon” (“Green Space”) initiative, and strengthening resilience to climate risks.

In the foreign policy dimension, the analysis highlights Uzbekistan’s openness, strengthening of good-neighborly relations, and integration into the global economic system.

The linguistic analysis confirms that the idea at the core of the President’s speech is built around the triad “inson qadri – mahalla – farovonlik” (human dignity – mahalla – welfare), where the goal of reforms is sustainable growth, improved quality of life, and the further strengthening of Uzbekistan’s position.

Ilyos Rabbimov, CERR

CERR Public Relations Service

For inquiries, please contact:

(78) 150 02 02 (417)

The "Uzbekistan 2030" strategy aims to increase the country's gross domestic product to $160 billion and per capita income to $4,000. Achieving this goal solely through the domestic market is not possible; therefore, it is crucial to actively attract foreign investments and increase exports.
The Tashkent International Investment Forum plays a significant role in this effort. In May 2024, the third edition of the forum took place in Tashkent, becoming a significant event for the economy of Uzbekistan and the international investment community. The main objective of the forum was to enhance the inflow of foreign investments and promote economic cooperation between Uzbekistan and other countries.
The forum attracted business representatives, investors, government officials, and international organizations, facilitating dialogue and the signing of major investment agreements. In recent years, Uzbekistan has demonstrated significant growth in attracting investments, and the forum has been an important step in this direction.
In his welcoming speech, the head of state noted that Uzbekistan has attracted over $60 billion in foreign investments in recent years, with approximately $14 billion coming from international financial institutions. These investments have been directed towards social and infrastructure sectors.
The forum has gained incredible popularity, with over 2,500 participants from 93 countries, providing a platform for global dialogue and exchange of investment experiences.
It is important to highlight that the forum garnered attention from international media, with coverage from more than 110 foreign publications in 30 countries, including leading global media outlets such as CNN, Euronews, London Post, and Associated Press.
One of the key events of the forum was the presentation of regional energy projects (the construction of Kambarata-1 HPP and Yavan HPP) to foreign investors. The presentation involved the Prime Ministers of the Republic of Uzbekistan and the Kyrgyz Republic, emphasizing the importance of these projects for the entire region.
As a result of the Tashkent International Investment Forum, agreements were signed totaling $26.6 billion, indicating the high investment attractiveness of Uzbekistan and the success of the forum. For comparison, in 2022, 167 documents were signed at the forum, amounting to $11 billion, demonstrating a significant increase in investment interest in the country.
Specifically, agreements were reached on the implementation of the following major investment projects:
- Saudi Arabian company "Data Volt" will be involved in the construction of urban infrastructure in "New Tashkent" for $1 billion and will establish a "data processing center" based on green technologies for $3 billion.
- Saudi Arabian company "ACWA Power" will implement projects for the construction of a 5 GW wind power plant in the Republic of Karakalpakstan and the creation of 2 GW energy storage devices, with a total investment of $6.2 billion.
- UAE company "Amea Power" will carry out a project to build a 1000 MW wind power plant in the Republic of Karakalpakstan for $1.1 billion.
- "Saudi Tabrid" will undertake the modernization of the heating systems in Nukus, Fergana, and Kuvasay for $750 million.
- Egyptian company "Nile Sugar" will engage in sugar beet cultivation and sugar production in the Jizzakh region for $500 million.
- Chinese company "Shanghai Knud International" will implement a project for the production of textile and sewing products in the Namangan region for $205 million.
- "Wilmar International" (Singapore) will produce food products and confectionery in the Tashkent region for $200 million.
Additionally, agreements were reached with several major global companies, such as "Orascom Investment" (Egypt), "Bonafarm Grup" (Hungary), "Sayar" (USA), "Goldwind," "Sinoma" (China), "Sam Yapi" (Türkiye), "Pasha Development" (Azerbaijan), "Lasselsberger" (Austria), and "Petrosat Chexelsoton" (Iran), for the implementation of new investment projects totaling $6.6 billion.
The event included a rich program of panel sessions, discussions, business breakfasts, and roundtable discussions, focusing on key aspects of economic development. The central theme revolved around the role of the state, investors, and entrepreneurs in supporting small and medium-sized businesses.
During the session on combating corruption, experts emphasized that effective anti-corruption measures are crucial for improving the investment climate. They highlighted that creating a safe and transparent business environment plays a vital role in this process.
"The successful fight against corruption requires a comprehensive approach, including strengthening legislation and increasing the transparency of government actions," stated Akmal Burkhanov, Director of the Anti-Corruption Agency of the Republic of Uzbekistan.
The session on retail trade identified the main challenges and opportunities in the industry. Participants expressed the need for improving tax legislation and simplifying import procedures. They also emphasized the importance of creating conditions for successful adaptation of new brands in the market.
"Thanks to the resolution on reducing customs duties, we have managed to establish fair prices, as in the UK and Kazakhstan," shared Ilya Lyapustin, Sales and Marketing Director of "Tashkent City Mall."
During the business breakfast dedicated to women entrepreneurship, the significant impact of women entrepreneurs on society was emphasized. Speakers presented inspiring examples and strategies for achieving a balance between profitability and social responsibility.
Special attention was given to attracting foreign investments through residency programs.
"In recent years, Uzbekistan has proven itself as an attractive destination for global investors due to its openness to cooperation and prospects in the real estate sector," stated Akram Mukhamatkulov, representative of Henley & Partners.
The roundtable discussion on "Supply Chains and Resilience: Finding Balance in Uncertain Times" addressed the problems and strategies for ensuring the resilience of global supply chains.
"Turkey and Uzbekistan have a strategic partnership, and we can significantly strengthen cooperation by working together," noted Deputy Minister of Trade of Turkey, Sezai Ucharmak.
Experts also emphasized the importance of integrating digital technologies into investment strategies. They highlighted that digitization is not just the future but already a reality, playing a key role in accelerating investment processes and increasing transparency.
The pitch session "IT-PARK Uzbekistan: New Perspectives for Development" presented plans to transform Uzbekistan into a regional hub for information technology by 2030.
Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, highlighted the significance of recent investments. "Yesterday, we witnessed an important event - the start of the construction of the $5 billion green data center, Data Volt, a major project of direct foreign investment. We are creating a favorable environment for IT companies and launching the 'Zero Risk' program to cover all risks associated with opening and operating offices in Uzbekistan," he noted.
The roundtable discussion on "Connectivity: Reviving the Great Silk Road" brought together international experts and representatives of government bodies to explore opportunities for expanding connections, economic cooperation, and cultural exchange along the ancient Silk Road routes.
The roundtable discussion on "Integrated Urban Planning: Quality Investments, Environmental and Human Comfort" involved leading urban planners, architects, and business representatives discussing approaches to the development of the city of Tashkent. In particular, Vladislav Butenko, Managing Director and Senior Partner at BCG, emphasized the importance of integrating innovative solutions into urban planning to achieve sustainable city development. He stressed the need to consider both economic and social aspects in comprehensive planning, ensuring a balance between them.
The forum played a significant role in attracting investments for various ministries and regions of Uzbekistan. The signed agreements indicate the development of key sectors such as industry, energy, pharmaceuticals, and automotive manufacturing.
One of the major achievements of the forum was the agreement between the Ministry of Digital Technologies, the Ministry of Energy, and IT company Data Volt on the construction of a data center based on green technologies. Experts highlighted the importance of such projects for Uzbekistan. The signing ceremony was attended by Laziz Kudratov, Minister of Investment, Industry, and Trade, and Rajit Nanda, Director of Data Volt.
The third Tashkent International Investment Forum has concluded, but the planned initiatives and signed agreements promise active work in attracting investments and ensuring sustainable development. Uzbekistan has once again confirmed its role as a strategic partner on the international stage, attracting the attention of global investors and contributing to the economic growth of the region.

Tengiz Asanov,
Deputy Head of the Department of the Ministry of Investment, Industry and Trade of Uzbekistan

A presentation of the literary and publicistic collection “Uzbekistan: Third Renaissance – Concept of the Future” was held in Islamabad, written in Urdu by renowned Pakistani journalist and author Muhammad Abbas Khan, explores Uzbekistan’s modern development vision and reform agendat.

The collection offers a comprehensive analysis of the essence, spiritual foundations, and global significance of Uzbekistan’s vision for a New Renaissance — the foundation of the country’s Third Renaissance — under the leadership of President Shavkat Mirziyoyev. The book elaborates on the concept advanced by the Head of State, tracing its historical roots and outlining its relevance for the future of human civilization. The author emphasizes that this vision draws inspiration from the legacy of Uzbekistan’s great ancestors and seeks to unite the principles of modern development, enlightenment, and humanism, serving as a bridge between the nation’s rich intellectual past and its forward-looking aspirations.

The collection also highlights the shared initiatives and common aspirations of the leaders of Uzbekistan and Pakistan to advance major transport and communication projects linking Central and South Asia. According to the author, these efforts represent the revival of the legendary Silk Road. The book not only describes the sweeping reforms and modernization taking place in Uzbekistan, but also emphasizes that the development path of the “New Uzbekistan” may serve as an inspiring model for Pakistan and the wider Eastern world.

The presentation ceremony brought together members of Pakistan’s government and parliament, representatives of the diplomatic corps accredited in Islamabad, prominent scholars, analysts, public figures, and media representatives. Attaullah Tarar, Federal Minister for Information & Broadcasting of Pakistan, attended the event as the guest of honour.

The presentation opened with the national anthems of Uzbekistan and Pakistan, followed by a video highlighting the nine years of Shavkat Mirziyoyev’s leadership as a President of Uzbekistan.

The event commenced with welcoming remarks by Alisher Tukh­taev, Ambassador of Uzbekistan to Pakistan. In his address, the Ambassador emphasized that, under the leadership of President Shavkat Mirziyoyev, Uzbekistan has entered an era of openness and creative transformation.

He noted that over the past nine years, the country has implemented comprehensive reforms across the socio-economic, political, educational, and cultural spheres. As a result, Uzbekistan’s Gross Domestic Product has doubled, reaching 115 billion US dollars; exports have risen to 26 billion dollars; and foreign investments have exceeded 130 billion dollars. Thousands of new enterprises have been established, reflecting the dynamic pace of development and modernization.

It was noted that relations between Uzbekistan and Pakistan have been elevated to the level of a strategic partnership, with the establishment of the High-Level Strategic Cooperation Council. Direct air connections now link Tashkent with Islamabad and Lahore, while collaboration in the fields of education and culture continues to expand rapidly.

Particular attention was given to the Trans-Afghan Railway Project — recognized as a strategic initiative aimed at strengthening peace, mutual trust, and economic connectivity across the region, effectively reconnecting Central and South Asia.

Ambassador Alisher Tukh­taev expressed his sincere gratitude to the author of the featured work, Muhammad Abbas Khan, and to the management of “Daily Ittehad” publishing house for their contribution to the creation and publication of the book. He emphasized that this work will make a valuable contribution to fostering friendship and solidarity between the peoples of Uzbekistan and Pakistan.

In turn, Tahir Farooq, head of “Daily Ittehad” publishing house, expressed his satisfaction with the publication of the book “Uzbekistan: Third Renaissance – Concept of the Future”.

“This book is not merely a compilation of facts about Uzbekistan”, - he noted, - but an important work that vividly reflects the ongoing processes of reform and renewal in the country. It is not a collection of speeches or a translation of another author’s work, but the result of five years of observation and analysis by Muhammad Abbas Khan. His insights carry great significance for understanding Uzbekistan’s contemporary path of development. The book also serves as an important historical document of the new era unfolding in Uzbekistan”.

In his address, Attaullah Tarar, Minister for Information and Broadcasting of Pakistan, highlighted the deep historical ties between the peoples of Uzbekistan and Pakistan, noting that the land of Uzbekistan has produced eminent figures of the Timurid dynasty, including the distinguished scholar and statesman Zahiriddin Muhammad Babur. The Minister emphasized that the region connecting Central and South Asia has always been a vital part of the Great Silk Road, and that Uzbekistan’s contemporary policy under the leadership of President Shavkat Mirziyoyev is focused on revitalizing this historic corridor of cooperation.

Concluding his speech, Minister Attaullah Tarar reaffirmed the readiness of Pakistan’s Ministry of Information and Broadcasting to extend full support in promoting the book and the “Third Renaissance” initiatives advanced by President Shavkat Mirziyoyev to the Pakistani public.

In his address, author Muhammad Abbas Khan discussed the process of writing the book, the ideas it conveys, and its principal objectives. According to the author, the work is based on his research, observations, and personal impressions, providing an objective account of Uzbekistan’s ongoing processes of renewal and development.

“I have had the opportunity to directly observe the profound transformations taking place in Uzbekistan, the reforms being implemented under the leadership of President Shavkat Mirziyoyev, and the policies aimed at fostering an open society, enhancing human dignity, and advancing education and enlightenment, along with their tangible results. Today, Uzbekistan is experiencing a period of awakening. The concept of the Third Renaissance, being realized in Uzbekistan, serves as an example of a universal experience grounded in confidence in the future, scientific and spiritual renewal, and policies for the development of human potential”, - said Muhammad Abbas Khan.

The book “Uzbekistan: Third Renaissance – Concept of the Future” is expected to serve as a unique resource for familiarizing the Pakistani public with Uzbekistan’s new historical path of development, while further strengthening the cultural and spiritual bonds between the two nations.

In January, growth in the business climate was mainly driven by an outpacing increase in the expectations component. The agricultural sector and services became the key drivers of business confidence.

The Center for Economic Research and Reforms (CERR) presented the results of its business climate analysis based on monthly surveys of entrepreneurs across the republic. Based on the collected data, a composite Business Climate Indicator was formed, reflecting both current assessments of business conditions and expectations for the next 3 months.

Dynamics of Uzbekistan’s Composite Business Climate

In January of the current year, Uzbekistan’s composite Business Climate Index stood at 64 points (on a scale from −100 to +100), which is 23% higher than the level of 2025.

The improvement in the business climate was primarily driven by stronger assessments of the current business situation, which increased by 28%.

An additional contribution came from improved optimism regarding short-term business prospects. In particular, business expectations rose by 20%.

According to the survey, 22% of enterprises increased their number of employees. At the same time, 71% of respondents expect demand for their products to grow over the next three months, compared to about 60% in the same period last year.

The share of enterprises forecasting an increase in employment in the coming quarter rose to 65%, up from 58% a year earlier.

Sectoral Dynamics of the Business Climate Index

In sectoral terms, an improvement in the business climate compared to last year was observed in construction, agriculture, and services.

In agriculture, the Business Climate Index increased by 62% year-on-year and reached 77 points, compared to 48 points in January 2025.

Growth was mainly supported by a significant improvement in assessments of current conditions and more favorable expectations. The current situation indicator in the sector increased 2.7 times from 27 to 72 points, while expectations grew by 17% to reach 82 points.

44% of entrepreneurs assessed the condition of their business in the sector as “good,” compared to 39% a year earlier. Growth in demand for products over the past three months was reported by 46% of enterprises versus 39% in January last year. Expectations for further demand growth in the near term remain high at 71%, compared to 68% a year earlier.

In the services sector, the business climate increased by 25% compared to January last year, reaching 65 points versus 52 points a year earlier.

Growth was driven by a gradual improvement in current business conditions. Current assessments in services rose by 18% to 52 points. At the same time, a more pronounced increase was observed in the expectations component, which grew by 32% to 79 points, indicating a substantial strengthening of companies’ confidence in short-term prospects.

70% of entrepreneurs expect demand for their services to grow over the next three months, compared to 58% in January 2025. The share of enterprises expecting to increase employment in the coming quarter amounted to 61%, up from 54% a year earlier.

In the construction sector, the business climate increased by 13% to 61 points, compared to 54 points a year earlier. The current situation indicator improved by 43% to 57 points. Expectations were formed at the level of 66 points, showing a decline of 4%.

38% of respondents reported that business conditions in construction had improved over the past three months, compared to 35% a year earlier. The share of enterprises reporting workforce growth rose to 38% from 22% a year earlier. Expectations of demand growth over the next three months were expressed by 77% of entrepreneurs, compared to 61% in January last year.

In industry, the business climate slightly declined by 5% compared to last year, while remaining at a sufficiently high level of 54 points.

At the same time, optimism among industrial enterprises remains steadily high. In January, expectations increased by 10%, reaching 78 points, indicating a continued positive outlook regarding development prospects.

According to the survey, the share of respondents reporting an improvement in business conditions over the past three months reached 32%, compared to 30% a year earlier. Demand growth over the same period was noted by 38% of industrial enterprises versus 36% in January last year. Meanwhile, employment expansion plans strengthened — 69% of entrepreneurs expect to increase their workforce in the next three months, compared to 62% a year earlier.

Barriers to Entrepreneurial Activity

According to the survey, more than half (57%) of entrepreneurs see no barriers in their activities. Among the problems cited, the most frequent are taxation (11%), utilities (9%), and access to credit (8%).

CERR Sector for the Study of Sectoral Competitiveness and Investment Activity

Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector

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President of Uzbekistan Shavkat Mirziyoyev has arrived in Washington on a working visit to participate in the “C5+1” summit of the leaders of Central Asian countries and the United States and to hold meetings with U.S. President Donald Trump, members of the Senate and the House of Representatives, as well as heads of U.S. government departments and agencies.

The C5+1 format, launched in November 2015 in Samarkand, has become an important mechanism for coordination and cooperation in areas such as regional development, economic resilience, environmental protection, energy, and security. Its primary goal is to establish a permanent platform for diplomatic dialogue, exchange views on pressing issues, and strengthen connectivity in the fields of transport, energy, trade, business, and humanitarian engagement. The Joint Declaration on Partnership and Cooperation, adopted at the first meeting, reaffirmed the United States’ commitment to supporting the sovereignty, independence, and territorial integrity of the Central Asian countries.

The first C5+1 leaders’ summit, held in New York in September 2023, gave a strong impetus to advancing the comprehensive agenda of the platform and marked the launch of new initiatives, including the B5+1 Private Sector Business Platform (Almaty, March 2024) and the Critical Minerals Dialogue (February 2024). Since its inception, the format has held 13 ministerial meetings and three high-level gatherings, as well as specialized forums on climate change, development, Afghanistan, and other priority areas.

Uzbekistan has taken an active and constructive role within the C5+1, consistently advocating for the institutionalization of cooperation, enhanced border-security coordination, intensified action on climate and environmental challenges, and the continuation of projects in trade, investment, transport, and energy. Tashkent also supports initiatives related to Afghanistan. Many Uzbek initiatives have been endorsed and implemented in practice, including the establishment of the Virtual C5+1 Secretariat (2021), the TIFA meetings (Samarkand, March 2023), and projects on artificial intelligence and educational cooperation under the C5+1 framework.

The impact of these multilateral initiatives is evident: strengthened regional cooperation has opened new export routes, enhanced investment attractiveness, and created expert-exchange platforms — all contributing to the overall resilience of Central Asia.

Uzbekistan’s active engagement in the C5+1 format is fully aligned with its broader policy of deepening bilateral cooperation with the United States, which continues to expand across all key areas - politics, security, the economy, science, and culture.

Since the establishment of diplomatic relations on February 19, 1992, Uzbekistan and the United States have made substantial progress. A milestone was President Mirziyoyev’s official visit to the United States on May 15–17, 2018, which laid the foundation for a new era of strategic partnership. The President has also met with U.S. leaders on various multilateral platforms — on the sidelines of the Riyadh Summit in May 2017 and during the UN General Assembly sessions in New York in September 2017 and 2025.

The bilateral political dialogue evolved in 2021 into the Uzbekistan–U.S. Strategic Partnership Dialogue, whose sessions are held alternately in the two capitals. The fourth meeting, held in Washington on November 13, 2024, concluded with an agreement to elevate its status to the Expanded Strategic Partnership Dialogue.

The regular visits of senior U.S. officials and special envoys to Uzbekistan further underscore the growing intensity of the partnership.

In 2025, Uzbekistan hosted several high-level American representatives, including Paolo Zampolli, the Special Representative of the U.S. President for Global Partnerships (August 28 – September 1, 2025), and Sergio Góvar, the Special Envoy for South and Central Asian Affairs, accompanied by First Deputy Secretary of State Christopher Landau (October 25–27, 2025).

A clear demonstration of the high level of bilateral relations was the official visit of Foreign Minister Bakhtiyor Saidov to Washington on April 8–10, 2025, during which he met with U.S. Secretary of State Marco Rubio and National Security Advisor Michael Waltz. The sides discussed a wide range of regional and international issues, paying particular attention to strengthening the strategic partnership between Uzbekistan and the United States. Special emphasis was placed on cooperation in security, economic development, regional connectivity, and sustainable growth in Central Asia.

Inter-parliamentary ties are also expanding dynamically. In 2018, the Uzbekistan Caucus was established in the U.S. House of Representatives, with participation from both parties. Regular visits of congressional delegations contribute to the strengthening of parliamentary diplomacy.

Economic and investment cooperation is developing at a robust pace. The bilateral trade turnover and the number of joint projects continue to grow annually. Major American companies such as Air Products, General Electric, General Motors, Boeing, Honeywell, The Coca-Cola Company, and John Deere are successfully operating in Uzbekistan.

During the IV Tashkent International Investment Forum on June 9, 2025, the U.S.–Uzbekistan Business Forum was held with the participation of around 100 U.S. companies. Memorandums of understanding were signed and negotiations held with Boeing, FLS, Visa, NASDAQ, Air Products, Franklin Templeton, Morgan Stanley, and others.

The United States supports Uzbekistan’s accession to the World Trade Organization (WTO). In December 2024, the parties signed a protocol concluding bilateral negotiations on accession — an important milestone in Uzbekistan’s integration into the global trading system.

The cultural and humanitarian sphere constitutes a significant dimension of bilateral cooperation. Sister-city relations have been established between Tashkent–Seattle, Bukhara–Santa Fe, and Zarafshan–Clinton. These municipal partnerships foster cultural and educational exchange, tourism, and business collaboration.

Educational cooperation is also advancing: the Tashkent branch of Webster University (opened in 2019) and the American University of Technology (AUT), established in partnership with Arizona State University, play a key role. On August 30, 2025, an American Corner — a cultural and educational hub promoting academic and scientific collaboration — was inaugurated at AUT.

In October 2023, Tashkent hosted the Education USA Regional Forum with the participation of 65 U.S. universities. The activities of American Councils for International Education (ACIE) have resumed, and work is underway to restore the Peace Corps presence in Uzbekistan.

Transport connectivity has also improved: since July 2017, direct Tashkent–New York–Tashkent flights operated by the national airline have resumed, facilitating business and humanitarian exchanges.

Furthermore, the United States continues to support Uzbekistan’s domestic reforms. Reports by the U.S. Department of State and the Department of Labor highlight progress in combating human trafficking and eradicating the worst forms of child labour. Uzbek cotton has been removed from the lists of goods produced with forced child labour; in December 2020, Uzbekistan was delisted from the “Countries of Particular Concern” regarding religious freedom; and in April 2024, the U.S. Trade Representative (USTR) removed Uzbekistan from the Special 301 Watch List on intellectual property protection.

In summary, President Shavkat Mirziyoyev’s current visit to the United States and participation in the C5+1 Summit will provide a new and powerful impetus for the practical implementation of initiatives on both the multilateral and bilateral agenda. The visit will undoubtedly strengthen political dialogue, accelerate the realization of investment agreements, expand educational and cultural exchanges, and give fresh momentum to joint projects in energy, transport, and digital technologies.

For Uzbekistan, this visit represents another opportunity to reaffirm its status as an active and reliable partner in Central Asia; for the United States, it serves as a platform to deepen engagement in a region of strategic importance for global stability and economic growth.

Dunyo IA