There are about a thousand manufacturing enterprises operating in the electrical engineering sector of Uzbekistan, most of them small, producing over two thousand types of products. Almost all enterprises in the industry are privately owned. The total number of people employed in the industry exceeds 35,000.

The 76 largest enterprises in the industry, which produce over 90% of all electrical engineering products, are members of the Association of Electrical Engineering Manufacturers (UzEltechSanoat). Of these, 18 enterprises manufacture electrical wires and cables, 27 enterprises manufacture household appliances, and 32 enterprises manufacture power transformers and other electrical products.

The Development Strategy of New Uzbekistan for 2022-2026 aimed to increase industrial production by 1.4 times by 2026, including doubling the production of high value-added products in the electrical engineering industry and tripling exports.

The Uzbekistan-2030 Strategy, adopted in September 2023, will ensure the achievement of all the goals outlined in the Development Strategy of New Uzbekistan. It also sets the task of increasing copper processing in the electrical engineering industry to 300,000 tons per year and raising the localization level of manufactured products to an average of 65%.

Therefore, Uzbekistan pays special attention to the development of technologically advanced industries, including electrical engineering, and provides state support.

Over the past seven years, the President of Uzbekistan has adopted several legislative acts providing customs and tax benefits to enterprises in the electrical engineering industry, as well as subsidies to cover transportation and other expenses.

Specifically, until January 1, 2027, enterprises in the electrical engineering industry have received a 50% reduction in profit and property taxes. Additionally, benefits for exemption from customs duties on imported raw materials, components, and equipment for their own production needs have been extended.

Furthermore, several programs have been approved for the implementation of investment projects in the electrical engineering industry, focusing on technical and technological upgrades of existing facilities and the creation of new production lines.

Due to these measures, over the past 7 years, the volume of attracted investments in the industry has amounted to $935 million, of which about $400 million are foreign direct investments.

Additionally, more than 260 new investment projects worth over $800 million have been launched, including 50 cable production projects worth $120 million, 115 household appliance projects worth $380 million, 40 power equipment projects worth $60 million, and 58 other electrical engineering projects worth $250 million.

As a result, over 13,000 new jobs have been created, bringing the total number of jobs in the industry to 35,000.

As a result of implementing investment projects for modernizing and creating new production facilities, the production of new types of electrical engineering products has been mastered, particularly household appliances (washing machines, electric stoves, vacuum cleaners, hoods, water heaters, new models of refrigerators and washing machines under the Samsung brand, SMART HD TVs, built-in hobs and gas stoves, etc.); industrial air conditioners; new types of electrical cables (high and low voltage, used in solar energy systems, household appliances, as well as self-supporting insulated cables); dry transformers; electronics (monoblocks, SIM cards, electronic boards for household appliances); smart meters for electricity, gas, and water consumption; parts for solar panels and renewable energy stations; elevators and escalators; water pumps, etc.

Overall, from 2017 to 2023, the production volume of the electrical engineering industry increased 7.1 times to $1.98 billion, including a 5.5-fold increase in wires, cables, and copper products to $792 million; an 8.2-fold increase in household appliances to $633 million; and a 9.3-fold increase in power and technical equipment to $567 million.

The contribution of the electrical engineering industry to the development of the economy is also growing, and although the share of the industry's value added in the economy is still less than 1%, it has grown 1.5 times in recent years.

The growth in the production of electrical engineering products has contributed to an increase in export volumes, which have grown 5.5 times to $1047 million over the specified period, including a 4-fold increase in wires, cables, and copper products to $576 million; a more than 10-fold increase in household appliances to $214 million; and a 12-fold increase in power equipment and other products to $257 million.

It should be noted that the significant growth (more than 10 times) in the export of household appliances occurred due to the creation of new production facilities in Uzbekistan by Artel Electronics. In particular, the export volume of refrigerators increased 15 times to $58 million, televisions 6 times to $52 million, electric stoves 4.5 times to $40 million, washing machines 5 times to $20 million, air conditioners 4 times to $15 million, etc.

Moreover, not only the geography of export countries has expanded, but also the range of electrical engineering products supplied to foreign markets. Currently, about 200 types of various electrical engineering products are exported to almost 70 countries. The number of exporting enterprises in the electrical engineering industry has grown to 100.

In January 2024, a Presidential Decree "On Additional Measures for Further Increasing the Production and Export Potential of the Electrical Engineering Industry" was adopted, outlining target indicators for the industry's development in the coming years.

Specifically, in 2024, the plan is to increase the volume of production by almost 30% to $2.6 billion, exports by 43% to $1.5 billion, and the volume of copper processing into finished products to 140,000 tons. In 2025, the goal is to increase production to $3.2 billion, exports to $2.0 billion, and copper processing to 160,000 tons.

To achieve these targets, the Program for Creating New Production Capacities and Diversifying Production in the Electrical Engineering Industry in 2024-2026 and Beyond has been approved. The program aims to implement a total of 294 investment projects worth over $4 billion in the coming years.

In conclusion, it should be noted that the necessary conditions have been created in Uzbekistan for enterprises in the electrical engineering industry to increase production volumes and expand the supply of their products to both domestic and foreign markets.

Therefore, goals have been set to increase exports not only to traditional but also to new markets. In particular, there are plans to increase the export of electrical engineering products to European markets, considering the GSP+ preferential trade regime granted to Uzbekistan, as well as to South Asian and Middle Eastern countries.

Yuri Kutbitdinov,

chief Research Officer of the Center for Economic Research and Reforms under the Administration of the President of the

Republic of Uzbekistan

A comprehensive monitoring of key business activity indicators across Uzbekistan’s regions points to growth across all major metrics.

Based on operational data from the Tax Committee, Customs Committee, Central Bank, and the Uzbek Republican Commodity Exchange, the Center for Economic Research and Reforms (CERR) continues to monitor business activity across the regions of the Republic of Uzbekistan.

As of March this year, tax revenues demonstrated steady positive momentum, increasing by 54% compared to the same period last year.

The most notable growth in revenues was recorded in the Navoi, Syrdarya, Tashkent, and Khorezm regions, as well as in the city of Tashkent, where average growth rates reached 33%.

Personal income tax revenues rose by 15.2%, property tax revenues by 10.7%, and land tax revenues by 33.8%.

Customs revenues increased by 19.5%. The highest growth rates were recorded in the Navoi region, up 77.6%, and the Namangan region, up 64.2%.

Stable positive dynamics were also observed in the Fergana and Samarkand regions, as well as in the Republic of Karakalpakstan, where revenues increased by an average of 32%.

Analysis of foreign economic indicators shows that merchandise exports rose by 30%. The strongest export growth was recorded in the Navoi region, up 71.4%, and the Tashkent region, up 52.4%. Export growth was also observed in the Samarkand region (30.6%), Namangan region (29.3%), and Bukhara region (27.2%).

At the same time, lending activity expanded significantly. During the reviewed period, the volume of loans issued by commercial banks increased by 9.1%. The highest growth was recorded in the Samarkand region (+69.5%). In the Bukhara, Khorezm, Fergana, and Tashkent regions, lending growth averaged more than 43%.

The active development of the private sector is also reflected in a substantial increase in the number of newly established business entities. In March this year, 22,443 new enterprises were registered. The largest numbers were recorded in the Tashkent region (2,276), Khorezm region (2,035), Samarkand region (1,854), Fergana region (1,626), and the city of Tashkent (4,759).

Trading volume on the Uzbek Republican Commodity Exchange increased by 20.8%. The highest growth in exchange activity was recorded in the Syrdarya region, where activity rose by 68.4%. Additional strong growth was observed in the Syrdarya, Bukhara, Navoi, Namangan, and Surkhandarya regions, as well as in the city of Tashkent, where average growth reached 33%.

Sultonmurod Ozodov, CERR

Dear compatriots!

Sincerely, from the bottom of my heart, I congratulate you, all our people on the holiday of Kurban Hayit, which has come in our country, which is being transformed and illuminated with the light of peace, kindness and harmony every day.

In these blessed moments we all deeply feel the spirit and joy of the great holiday and give immense gratitude to the Almighty for the fact that we meet such bright days together with our people.

Today, Kurban Hayit, firmly established in people's lives as a symbol of mercy, generosity and humanism, is gaining more and more significance, consonant with the content of large-scale reforms in the New Uzbekistan, in which respect for human honor and dignity comes to the fore in all spheres.

It should be especially noted that our sacred religion and this bright holiday, which embodies its humanistic essence, serves as a source of strength and inspiration for us in all good deeds aimed at strengthening the atmosphere of peace and tranquility, friendship and cohesion in mahallas and families, caring for the older generation, youth and women, low-income families, and making sure that no one is left behind.

Dear friends!

In these bright days, when our hearts are filled with joy, we talk about the great work carried out in recent years to revive the original spiritual values, to improve the sacred places, to create favorable conditions for the Muslims of the country to freely perform religious rites, including hajj and umrah.

In a short period of time, international scientific centers of Imam Bukhari, Imam Termezi and Imam Maturidi have been organized. The memorial complexes of Abu Iso Termezi, Abu Muin Nasafi, Sulton Uwais Karani and Suzuk Ota have been radically transformed. Work on the construction and equipping of the Imam Bukhari memorial complex and the Centre for Islamic Civilization is continuing apace. Majestic mosques are being built in many towns and villages.

Over the past seven years, more than 60 thousand Muslims of the country have made the Hajj. These days 15 thousand more of our compatriots are making pilgrimage to two sacred cities - Mecca and Medina, having realized their most cherished dream.

In such blessed moments, when good thoughts come true, we wish them with all our heart to fully perform the rites of Hajj and safely return to their homeland.

On the eve of the celebration of Hayyit, during our telephone conversation with the Chairman of the Muslims' Board, the Honorable Mufti Sheikh Nuriddin Kholiknazar, who is staying in the holy Mecca, he emphasized the created conditions necessary for our compatriots to perform the rites of Hajj. We hope that, having returned home, our pilgrims will become an example in further strengthening the atmosphere of kindness and mutual assistance in the society, in the struggle of enlightenment against ignorance, strengthening the education of youth and establishing harmony in families.

Dear compatriots!

Today we sincerely congratulate our compatriots abroad on this holiday, wish them health, happiness and success.

We convey warm congratulations to believing Muslims in the states of near and far abroad and sincere wishes of peace and progress to their peoples and countries.

May the ongoing wars and conflicts in different regions cease! May peace reign on the Earth forever!

Dear friends!

Today, together with our multinational people, we are building a new Uzbekistan. The new Uzbekistan is a new life, a new development, a happy future.

If we unite more firmly and continue the initiated reforms with even greater determination, we will undoubtedly achieve this great goal.

We will surely raise our children to be a generation of true patriots, highly educated, possessing modern knowledge and professions.

I wish you happiness and success on this path.

May the Almighty protect our nation!

I once again congratulate you on the holy holiday of Kurban Hayit, wish you health, peace and prosperity to your families.



Shavkat Mirziyoyev,

President of the Republic of Uzbekistan

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

A study conducted by the Center for Economic Research and Reforms has revealed a large-scale transition of Uzbekistani households to energy-saving technologies. The widespread adoption of energy-efficient solutions has enabled nearly 90% of households to implement at least one measure to reduce energy costs.

One of the key changes has been the widespread adoption of energy-efficient solutions at the household level.

The most common practice has been the installation of LED lighting. Overall, 87% of households have switched to LED lighting. In some regions, such as the Republic of Karakalpakstan and Khorezm, Navoi, and Tashkent regions, this figure exceeded 90%.

A total of 44% of households improved the thermal insulation of windows and doors through the installation of plastic structures, with particularly high activity in Kashkadarya (84%), Bukhara (69%), and Khorezm (54%) regions.

Additionally, 31% of households purchased energy-efficient household appliances, with the highest shares observed in Jizzakh (60%), Navoi (59%), and the Republic of Karakalpakstan (54%).

There is also growing interest in the use of renewable energy sources. More than half of owner households expressed satisfaction with the results and interest in expanding generation capacity.

The analysis indicates that potential demand for solar panels among the population amounts to approximately 1.9 million households, opening prospects for the formation of a domestic market valued at over $2.3 bn.

At the same time, a share of consumption through less efficient heating sources remains, including outdated gas boilers and solid-fuel stoves.

Potential for Improving Building Energy Efficiency

According to estimates, insulating the exterior walls of apartment buildings, modernizing heating systems, and replacing doors and windows could yield savings of more than $60 mln per year.

According to the World Bank, similar potential exists in social facilities, healthcare institutions, preschools, and public schools. Targeted investments to improve the energy efficiency of these facilities could reduce energy consumption by 20–50%, equivalent to a reduction of up to 7.1 bn kWh per year.

Thus, the measures being implemented in Uzbekistan to enhance energy efficiency serve as an important driver of economic growth.

CERR Public Relations Sector
Tel.: (78) 150 02 02 (417)

The history of mankind demonstrates that great civilizations rest upon a synthesis of intellectual achievements, spiritual values and cultural heritage. Since ancient times, Central Asia has served as a pivotal hub of science, art and philosophy, shaping the foundational elements of a civilization that has influenced the entire world. Today, this profound potential is embodied in a monumental project - Center of Islamic Civilization in Tashkent. This institution does not merely preserve historical artifacts; it serves as a living platform for science, education and spiritual enlightenment.

The project symbolizes a new stage in Uzbekistan’s development - the Third Renaissance - where the past, present and future are unified through intellectual and cultural heritage. The Center of Islamic Civilization demonstrates how spiritual and educational values can serve as the foundation for national revival and international cooperation, attracting researchers, tourists and the global public.

Amir Temur occupies a distinguished place in world history as an outstanding statesman, military commander, and the creator of one of the largest empires of his time. The late 14^th and early 15^th centuries were a period of profound political transformations; against this backdrop, Temur succeeded in uniting vast territories stretching from India to the Middle East, establishing a powerful state with a resilient system of governance.

Diplomacy played a pivotal role in his policy. Amir Temur established contacts with European nations, including France, England and Castile; his victory over the Ottoman Sultan Bayezid I at the Battle of Ankara (1402) shifted the balance of power between the East and the West. The Spanish Ambassador Ruy González de Clavijo, who visited Samarkand in 1404, noted the state’s high level of organization, its advanced infrastructure and profound respect shown to foreign envoys.

Samarkand became the capital of the empire, evolving into a cultural and economic hub where the trade routes of China, India, Europe and the Middle East intersected. The city was distinguished by its multi-ethnic population, a sophisticated handicraft system, magnificent architecture, well-tended gardens, advanced irrigation systems and bustling commercial streets.

Amir Temur also established a unique legal foundation for his empire. According to the “Institutes of Temur” (Tuzuk-i-Temuri), the state rested upon four pillars: counsel, discussion, a deliberate plan and decisiveness. Nine-tenths of state affairs were resolved through consultation and prudent measures, and only one-tenth by the sword. This principle reflects the priority of diplomacy and legal resolutions over military force, emphasizing the balance of justice and resolve in governance.

Temur’s social policy was aimed at ensuring order, justice, and economic growth. He supported handicrafts, trade and agriculture, while maintaining strict oversight over officials and punishing abuses of power. Simultaneously, he cared for the welfare of the populace by resettling skilled artisans and creating the necessary conditions for the sustainable development of the state.

Following the passing of Amir Temur, his successors - the Timurids - continued the development of the state, placing particular emphasis on science, culture and education. This period is referred to as the Second Renaissance of Central Asia, characterized by an intellectual and artistic flourishing comparable to the European Renaissance. The most prominent figure of this era was Mirzo Ulugbek, who established one of the preeminent observatories of his time and made significant contributions to astronomy, mathematics, architecture and the arts. His scholarly works influenced not only Islamic but world civilization, laying the groundwork for future scientific discoveries.

Today, the Timurid legacy is preserved within the Center of Islamic Civilization in Tashkent, which houses unique exhibits demonstrating the cultural and spiritual richness of that era. Among them is a fragment of the Quran transcribed by the calligrapher Umar Aqta for Amir Temur, widely known as the “Baysunghur Quran”. This manuscript represents a triumph of calligraphy over ornamentation: the harmonious, powerful forms of the letters and the precise flow of ink create a magnificent visual impact. The Center preserves a single line of this Quran, allowing visitors to experience the grandeur of Timurid art and understand how the culture of letters shaped the spiritual identity of the state.

A place of particular distinction is held by the Timurid/Mughal talismanic shirt - a protective garment crafted in court workshops to provide the wearer with divine safeguarding and blessings. The dense cotton is entirely covered with Quranic inscriptions, including the Shahada and the 99 Names of Allah, while the back features a verse from Surah Yusuf (12:64): “Indeed, Allah is the best guardian, and He is the most merciful of the merciful”. This shirt symbolizes Divine protection and the wearer’s spiritual connection with the Almighty, reflecting the religious depth and artistic mastery of the Timurid era.

Finally, the key to the sacred Kaaba (dated approximately 1425-1426), crafted from brass with silver inlay and inscriptions, preserves the historical memory of the era and its spiritual significance. Together with other exhibits, it enables contemporary visitors to experience the intellectual and cultural ascent of the Second Renaissance and to realize how the spiritual and educational achievements of the past established the foundation for the development of civilization.

Center of Islamic Civilization in Tashkent is not merely a museum but a living educational platform. The architectural concept of the complex harmoniously integrates Timurid traditions with modern technologies, symbolizing the unity of the past and the present. Its 65-meter dome and four golden gates represent the convergence of all regions of Uzbekistan, evoking a sense of monumentality and historical continuity.

Center’s exposition is structured around the principle of “Civilization – Personalities – Discoveries” and spans key historical epochs: the pre-Islamic period, the First and Second Renaissances, Timurid era and contemporary New Uzbekistan. Visitors can not only observe unique artifacts but also interact with them through VR and AR technologies, holograms and artificial intelligence, making history vibrant and tangible.

Center integrates a diverse range of educational and cultural functions: interactive laboratories, including the “1001 Inventions” for children, a library with a collection of over 200,000 volumes, calligraphy schools, and digital archives. It also serves as a hub for offices of international organizations, including UNESCO, ICESCO, IRCICA and OCIS. This creates a space where traditions and innovations coexist and complement each other, stimulating the advancement of science and culture.

The Timurids and the Baburids - including the fragment of the Quran transcribed by Umar Aqta, the talismanic shirt and the key to the Kaaba - are seamlessly integrated into the exposition, allowing visitors to trace how this historical heritage shaped the intellectual and spiritual potential of the region. Through this approach, Center becomes not merely a repository of knowledge, but a living bridge between the Second and the Third Renaissance, ensuring the continuity of traditions and inspiring new generations toward scientific, cultural and spiritual achievements.

The legacy of Amir Temur and his successors plays a pivotal role in the modern world, particularly in shaping the cultural identity of Uzbekistan and fostering international cultural dialogue.

Firstly, it serves as the cornerstone of national identity. The history of the Timurids demonstrates the high level of statehood, science and culture of the region, while their legal and social traditions, reflected in the “Institutes of Temur”, provide an exemplary model of the balance between justice and resolve in governance.

Secondly, the diplomatic experience of Amir Temur remains highly relevant today. His ability to synchronize military strength with flexible and respectful diplomacy serves as an enduring model for contemporary foreign policy and international cultural engagement.

Thirdly, the cultural heritage of the Timurid dynasty fosters international exchange and tourism development. Architectural monuments in Samarkand, Shakhrisabz and other cities attract scholars and visitors from around the world. Exhibits at the Center of Islamic Civilization - including a Quran fragment transcribed by Umar Akta, talismanic Baburid shirt and the key to the Kaaba - allow contemporary visitors to experience the spiritual and intellectual power of the Second Renaissance firsthand.

In this manner, Center of Islamic Civilization becomes the cornerstone of the Third Renaissance, bridging the past and the present while inspiring a new generation toward scientific and cultural achievements.

Center of Islamic Civilization in Tashkent is not merely a museum, but a living bridge between the past and the future. It integrates the spiritual, cultural, and educational accomplishments of Central Asia, creating a space for scientific research, learning and international cooperation.

The legacy of Amir Temur and the Timurids, reflected in the exhibits and the architectural concept of the Center, demonstrates how spiritual and intellectual values can serve as the foundation for national revival. Quranic fragments, talismanic shirts, ceremonial keys and architectural symbols embody the ideas of Divine protection, science and enlightenment, creating a unique cultural space.

The project serves as the cornerstone of the Third Renaissance of New Uzbekistan, inspiring the modern generation toward achievements in science, education and spiritual sphere. Center of Islamic Civilization is evolving into an intellectual and cultural locomotive for the region, fostering the unification of humanity on the path to peace, harmony, and progress, following the great divine command of “Iqra” - “Read in the name of your Lord”.

Dunyo IA

PRESS RELEASE

International Scientific and Practical Conference dedicated to the 690th   Anniversary of the birth of Sahibkiran Amir Temur

“The image of Sahibkiran Amir Temur,

having become a symbol of our

national statehood, continues to provide

immense spiritual strength to our people

in realizing our identity and restoring

our ancient traditions and values”,

 Shavkat Mirziyoyev

An International Scientific and Practical Conference titled “The role and significance of the civilization of Amir Temur and the Timurids in world history and culture” was organized in the city of Tashkent to mark the 690th anniversary of the birth of Sahibkiran Amir Temur.

This prestigious forum was held at the Center of Islamic Civilization in Uzbekistan, established at the personal initiative of President Shavkat Mirziyoyev.

This international scientific and practical conference serves as a vital platform for scholarly dialogue, aimed at the profound study of national heritage and its extensive promotion on a global scale. It further seeks to re-evaluate the scientific and spiritual achievements of the Timurid era through the lens of modern science.

The conference was organized at the initiative of the Government of Uzbekistan, in cooperation with several ministries, agencies, research institutions, and international organizations. It featured the participation of prominent local and foreign scholars, historians, Orientalists, art historians, archaeologists and political scientists, alongside distinguished faculty members from prestigious universities.

OPENING CEREMONY

The solemn opening ceremony of the conference was organized at the highest level. It was attended by prominent state and public figures, leading scholars, representatives of international organizations and members of the diplomatic corps. In their addresses, the speakers specifically emphasized the persona of Amir Temur and his pivotal role in establishing traditions of statehood, justice and a strong centralized system of governance.

Furthermore, it was noted that science, culture, and art flourished during the Timurid era, and this legacy continues to serve the progress of world civilization to this day. The conference participants emphasized that such events are of paramount importance for comprehending historical heritage and transmitting it to future generations.

INTERNATIONAL PARTICIPATION

The conference featured leading scholars, historians, Orientalists, archaeologists and political scientists from numerous countries, including Türkiye, France, Italy, Germany, the United States, the United Kingdom, Russia, China, India, Iran, Kazakhstan and others, who engaged in an extensive exchange of scholarly perspectives.

In their reports, the participants presented the findings of scientific research on the history of the Timurid era, public administration, science, culture, architecture and international relations. Foreign experts placed particular emphasis on the global significance of this legacy and its role in the cultural dialogue between European and Asian civilizations.

KEY THEMES AND DISCUSSIONS

The following priority topics were extensively discussed during the conference:

• Amir Temur’s strategy in state administration and military art;
• The development of science and the education system during the Timurid era;
• The role of Samarkand and Herat in world civilization;
• Architectural and urban planning traditions of the Timurid period;
• Manuscripts, miniature art, and cultural heritage;
• International diplomacy and trade relations during the Timurid era;
• The study of the Timurid legacy in modern research.
• Additionally, the conference featured various thematic exhibitions, displays of rare manuscripts and specialized scholarly dialogues.

OBJECTIVES AND SIGNIFICANCE

The primary objective of the conference is to facilitate a comprehensive, evidence-based study of the legacy of Amir Temur and the Timurid era, to further elucidate its role in world civilization and to strengthen international scientific cooperation.

In addition to promoting historical heritage, this event served to educate the younger generation in the spirit of respect for national values, while stimulating scientific research and fostering the formation of new academic disciplines.

At the conclusion of the conference, a set of scientific findings, proposals, and recommendations was developed. It was emphasized that these results will serve as a vital strategic foundation for the future study and promotion of the Timurid legacy.

The first session of the Fergana Peace Forum, titled “Fergana Valley: Uniting Efforts for Peace and Progress” is scheduled for October 15–16, 2025, in the city of Fergana.

Next week, the city of Fergana will transform into a focal point for international dialogue and cooperation, hosting key stakeholders from across the region and beyond. This gathering underscores the city’s growing importance as a center for promoting peace, mutual understanding, and collaborative development in Central Asia.

The Forum will be organized by the Institute for Strategic and Interregional Studies under the President of the Republic of Uzbekistan (ISRI), jointly with the Center for Progressive Reforms, the Organization for Security and Co-operation in Europe (OSCE), the International Water Management Institute (IWMI), and the Peacebuilding Hub — a platform that brings together reputable international organizations specializing in peacebuilding and social cohesion.

Entitled “Fergana Valley: Uniting Efforts for Peace and Progress” the Forum is organized in partnership with the National Institute for Strategic Initiatives under the President of the Kyrgyz Republic, the Center for Strategic Studies under the President of the Republic of Tajikistan, and Institute of studying of the problems of Asian and European countries of the National Academy of Sciences of Tajikistan.

The two-day forum will bring together over 300 participants from Central Asian countries, the Commonwealth of Independent States (CIS), as well as from Asia, Europe, and the Americas.

Among the high-level guests are Head of the UNRCCA Kaha Imnadze, European Union Special Representative for Central Asia Eduards Stiprais, Director of the OSCE Conflict Prevention Centre Kate Fearon, Secretary-General of CICA Kairat Sarybay and Deputy Secretary-General of the SCO Sohail Khan.

A key feature of the upcoming session will be its inclusive nature, with participation from representatives of civil society, youth organizations, women’s associations, as well as expert and academic communities.

Leading international peacebuilding institutions such as Berghof Foundation (Germany), the Martti Ahtisaari Peace Foundation (Finland), the PeaceNexus Foundation (Switzerland), and the Stockholm International Peace Research Institute (SIPRI) will also be at the Forum. Reflecting a commitment to be inclusive, the Forum will also draw participation from youth, women groups and the academia circle. 

The Forum aims to create a standing platform for promoting dialogue, mutual trust, good-neighborly relations, and for developing a shared strategy for the development of the Fergana Valley.

The forum’s agenda includes discussions on ensuring stability and sustainable development in the Fergana Valley, unlocking its economic potential, strengthening cultural and humanitarian ties, and expanding the roles of the private sector, youth, and civil society.

The Forum will see the first observation of the “Yntymak Day” (“Day of Unity”) which celebrates the unity in diversity spirit of communities in Fergana Valley. 

Among the anticipated outcomes of the forum is the adoption of a Communiqué calling for the establishment of a unified space of friendship, good-neighborliness, and sustainable development in the Fergana Valley.

At the 80th session of the United Nations General Assembly, the President of Uzbekistan, Shavkat Mirziyoyev, underlined that “the era of closed borders, unresolved disputes and conflicts in Central Asia has receded into the past. In recent years, the volume of mutual trade, investment and transport flows in our region has increased fivefold. Joint investment funds, cross-border trade and industrial cooperation zones are being established, while major infrastructure projects are under implementation”.

The President of Uzbekistan emphasized that “today marks the beginning of the formation of a New Central Asia. Thanks to its unity, stability, and growing regional identity, it is securing an increasingly strong position as an independent actor in the system of international relations”.

“Peace in Fergana Valley has been made possible by strong commitments in Uzbekistan, Kyrgyzstan and Tajikistan and by the diverse communities who have transformed differences into strength. The First Peace Forum on Fergana Valley will showcase how this political resolve and communities’ bond could usher peace,” said Eldor Aripov, Director of ISRS.   

According to him, “The Ferghana Forum is intended to create a new image of the Ferghana Valley as a space of peace, harmony, and opportunity,” demonstrating that the political will of the countries’ leaders and the unity of their peoples can ensure stability and prosperity in the region”.

Dunyo IA

In an era characterized by growing disunity among global powers, the strategies employed by so-called “middle” states in forging stable regional relations present promising solutions for achieving international peace and cooperation. Uzbekistan, a Central Asian nation situated at the heart of the historic Silk Road, and Finland, a Nordic state with a unique experience as a neutral border state during the Cold War, exemplify how a consistent commitment to dialogue can contribute to regional stability amidst the complexities of global relations.

Geographically separated, these countries have developed strikingly similar approaches to ensuring sustainable development, peace, and stability in their regions. They address key regional security challenges by strengthening multifaceted and mutually beneficial good-neighborly relations with their neighbors. Additionally, they engage in multilateral, long-term partnerships with interested countries and organizations.

While Uzbekistan and Finland have been shaped by different historical contexts, these experiences have contributed to the development of a shared diplomatic philosophy centered around stability, cooperation, sovereign equality, mutual respect, and multilateral interaction.

Central Asia, a region steeped in ancient history, has long been a cultural and historical hub. Centuries ago, it was a unified space where politics, economics, and culture intertwined seamlessly. As one of the cradles of human civilization, Central Asia boasts a rich tapestry of history and a vibrant cultural heritage that has shaped universal values. These values emphasize cooperation over confrontation, tolerance over imposition, and the belief that the well-being of neighbors is intrinsically linked to one’s own.

Since gaining independence in 1991, Uzbekistan has consistently championed a policy of regional interaction. This policy, which gained prominence under President Shavkat Mirziyoyev in 2016, became a cornerstone of Uzbekistan’s foreign policy. Tashkent’s “diplomatic offensive” to enhance intra-regional cooperation became one of the most significant policy changes that transformed relations in modern Central Asia.

Tashkent’s unprecedented focus on dialogue and building trust with neighboring states has transformed Uzbekistan into the primary organizer of cooperation in the region. It has advocated for the development of multilateral interaction mechanisms, spanning various domains such as water resource management, transport corridor expansion, industrial cooperation, border demarcation, and regional security.

The positive impact of these policy changes has reverberated throughout the entire region. After 2016, economic cooperation witnessed a remarkable surge, leading to a nearly doubling of the total GDP of Central Asian states from $273 billion to $520 billion. Trust and strengthened ties between countries have facilitated a 4.5-fold increase in intra-regional trade, soaring from $2.4 billion to $11 billion. Moreover, the number of tourists visiting the region has doubled, further boosting its appeal.

The collective openness and enhanced stability have become attractive factors for third countries, resulting in a significant increase in the region’s foreign trade. This growth has seen a remarkable rise of over 200 percent, from $112 billion to $253 billion.

Finland’s diplomatic traditions were shaped by its unique position at the crossroads of Eastern and Western “spheres of influence.” Its vulnerable geographical location drove its pursuit of interaction and stability.

Finland consistently advocates for strengthening friendly relations with all countries, particularly its neighbors, and fostering ties within Nordic cooperation structures like the Nordic Council, the Council of Ministers of the Nordic Countries, and the Nordic Investment Bank.

This approach is reflected in Finland’s active involvement in the OSCE with aims to enhance dialogue and trust.

Finland’s 2025 OSCE chairmanship, coinciding with the 50th anniversary of the Helsinki Final Act, holds symbolic significance. It exemplifies Finland’s commitment to building bridges, fostering dialogue, and cultivating trust, aligning with its dialogue-based foreign policy. Finnish diplomacy consistently emphasizes the importance of strengthening common positions and approaches among states, reflecting Finland’s consensus-oriented diplomatic style, which Uzbekistan shares as well.

It’s worth noting that both countries adhere to the same fundamental principles of international law. Respect for national sovereignty, non-interference in internal affairs, and the inviolability of borders serve as practical guidelines shaping Uzbekistan and Finland’s foreign policy, regional behavior, and international positioning.

Tashkent’s approaches to regional interaction resonate with Helsinki’s priorities for cooperation with the Nordic and Baltic countries. Uzbekistan’s efforts in resolving border disputes and collaborating on water resources in the region mirror Finland’s approach to peacebuilding and fostering cooperation.

Furthermore, both countries have established themselves as advocates of results-oriented cooperation. They are pragmatic architects of projects that create mutual benefits and strengthen regional stability and interregional connectivity.

Under the leadership of President Sh. Mirziyoyev, Uzbekistan is actively promoting the development of transport infrastructure within Central Asia and with neighboring regions, including the West, East, and South. For instance, the development of the “Middle Corridor” (Trans-Caspian International Transport Route) has led to a remarkable six-fold increase in cargo shipments along it over four years, from 2020 to 2024, reaching a substantial volume of 4.5 million tons. Tashkent is also actively involved in the construction of the China-Kyrgyzstan-Uzbekistan railway and is promoting connectivity between Central and South Asia.

Economic cooperation and environmental protection are additional pillars of Uzbekistan’s regional strategy. These aspects play a crucial role in Uzbekistan’s environmental programs, particularly in mitigating the consequences of the Aral Sea disaster.

Finland, following a similar pattern of project-oriented cooperation, has been an active participant in initiatives of the Nordic Council and the Barents Euro-Arctic Council. These initiatives encompass cross-border cooperation in environmental protection, innovation, and people-to-people contacts. Finland also promotes initiatives of the Trans-European Transport Network and Arctic connectivity.

Known for its leadership in environmental protection, Finland actively participates in cross-border economic projects with partners from the Nordic and Baltic countries.

Alongside their close cooperation with countries in their respective regions, Uzbekistan and Finland pursue a policy of strategic multilateralism. Both countries actively participate in various regional and global institutions, reflecting their shared views that modern challenges require collective responses. They believe that “middle powers” can exert effective influence through institutional engagement.

Since 2016, Uzbekistan has significantly increased its involvement in regional organizations, primarily the Shanghai Cooperation Organization (SCO), the Organization of Turkic States (OTS), and various United Nations bodies.

Additionally, the “Central Asia +” (C5+1) platform, now comprising over 10 partner countries and organizations, actively promotes interregional cooperation. Notably, the inaugural “Central Asia – European Union” summit held in April 2025 resulted in an agreement on “deep and comprehensive cooperation” between the two regions.

Finland’s international engagement, while having a longer history, also follows a similar pattern of active institutional participation. As a member of the European Union since 1995 and multiple international organizations, Finland maintains its traditional interactions with regional structures in Northern and Baltic Europe.

As the international landscape becomes increasingly intricate, Uzbekistan and Finland encounter similar challenges that test their historically established unique diplomatic approaches.

Uzbekistan faces the primary challenge of sustaining the momentum for deepening regional partnership and intensifying cooperation with external actors amidst escalating geopolitical tensions, environmental threats, and economic shocks.

From Uzbekistan’s perspective, responding to the changing geopolitical landscape and the economic transformation needs of Central Asia requires strengthened cooperation, both among Central Asian countries and between regions.

Finland’s challenge lies in finding a balance between its commitments within the EU and NATO and its traditional role as a mediator in building consensus and dialogue, particularly in organizations like the OSCE, where it continues to promote “strengthening dialogue and trust.”

Overall, Uzbekistan and Finland exemplify successful regional cooperation based on a consistent commitment to dialogue and interaction. Despite their distinct geographical and historical contexts, both countries have adopted similar foreign policy approaches focused on conflict prevention, institutional engagement, and pragmatic regionalism.

In an interconnected world characterized by great power rivalry, the diplomatic approaches of Uzbekistan and Finland serve as a reminder that sustainable security and prosperity are achieved through dialogue, cooperation, and practical collaboration, rather than diktat, isolation, or empty rhetoric.

And unsurprisingly, these foreign policy approaches positively impact the lives of their citizens. It’s not a coincidence that Finland consistently ranks as the “happiest country in the world” for the eighth consecutive year in the World Happiness Report. Similarly, Uzbekistan leads in the level of happiness among Central Asian countries in the same ranking.

Sharif Akhmedov,

Chief Researcher at the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan

Today, as global climate changes are observed, the population is growing, and industrial sectors are rapidly developing, the value of water resources is increasing not only in the Central Asian region but also worldwide.

According to the data, over the past 30 years, the air temperature in our region has increased by one and a half degrees, as a result of which about a third of the centuries-old glaciers in the highlands have melted, and the volume of water in rivers and streams has decreased slightly.

If current climate trends continue, in the next twenty years, the flow of the two large rivers, Amu Darya and Syr Darya, may decrease by 15%. This would result in a 25 percent reduction in per capita water availability and agricultural crop yields.

These are not just numbers, but indicators related to the fate and well-being of the people living in the region.

According to scientists, by 2040 in some areas of Central Asia, the need for water resources will triple. Over time, economic damage could reach 11% of the region's gross domestic product. The United Nations (UN) warns that countries in the region are currently losing up to US$2 billion a year due to water scarcity and inefficient use. Therefore, if appropriate measures are not taken now, it is inevitable that the countries in our region will face dire consequences of water shortages.

Under the leadership of the President of Uzbekistan, Shavkat Mirziyoyev, special attention is being paid to the comprehensive development of the water management sector in our republic, the rational use of existing water resources, including the widespread introduction of digital and water-saving irrigation technologies, and remarkable results are being achieved in this regard.

In his speech at the 78th session of the UN General Assembly on September 19, 2023, the leader of Uzbekistan emphasized the issue of water resource shortages in Central Asia, supported the establishment of the position of the UN Secretary General's Special Representative on Water Resources, and proposed creating a platform for water-saving technologies in Central Asia. In the process of using the "United Nations-Water Resources" mechanism, he emphasized his support for attracting and implementing the most advanced technologies.

This means that Uzbekistan will take the initiative in creating a platform for water-saving technologies in Central Asia, while also seeking to involve the international community in the process.

For more than 30 years since its establishment, the International Fund for Saving the Aral has become the most important platform for regional cooperation in the fields of water management and ecology. In the face of new risks and threats arising because of global climate change, the role and importance of the fund are increasing.

On September 15, 2023, President Shavkat Mirziyoyev put forward the initiative to develop and implement new, agreed-upon decisions for the long-term perspective within the framework of this structure at the meeting of the Council of Heads of the Founding States of the International Fund for Saving the Aral held in Dushanbe. Reflecting the spirit of today, he emphasized the need to further improve the fund's legal framework and modernize its institutional mechanisms.

It should be noted that in the country’s domestic policy over the past seven years, at the initiative of the President, large-scale reforms in the water sector have been implemented. To manage state policy in the field of water management, a separate Ministry of Water Resources was created and the Concept for the development of the industry for the period until 2030 was approved.

As a logical continuation of these reforms and to solve systemic problems at the middle and upper levels of the water management system, on May 7, 2024, the President of Uzbekistan signed the decree "On Setting Priorities for the Introduction and Development of a Modern Management System in Water Resources." According to this document, the activity of the Ministry of Water Resources was divided into three parts, setting up a vertical management system. At the upper level is the management of the state water policy, the regulator; the middle level is engaged in the operation and construction of water management facilities and the introduction of business processes into the sector; and the lower-level handles supplying water directly to consumers.

In the middle stage, an agency for the exploitation of water resource facilities is being set up that operates as an independent legal entity. The agency includes the Ministry of Water Resources of the Republic of Karakalpakhstan and regional irrigation systems basin departments, main canals, water reservoirs, and pumping station utilization departments, as well as land-improvement expeditions.

The department for the implementation of water management projects participates as a customer in projects funded by the budget and foreign investments. The decree envisages a 22% increase in the salary of middle- and high-level employees working in the ministry system, starting on July 1, 2024, and a 60% increase starting in 2025. It should be mentioned that starting in January 2024, the salary of lower-level employees has been doubled, and several incentive mechanisms are being used.

As a result of the accurate calculation of available water resources, special attention is paid to the introduction of water-saving technologies, resulting in abundant and high-quality harvests from agricultural crops. Nevertheless, the prevention of water scarcity remains one of the most important directions for Uzbekistan.

Uzbekistan is a country with a large water infrastructure in the Central Asian region; the total irrigated cropland exceeds 4.3 million hectares.

As one of the five priority directions of the "Uzbekistan-2030" strategy, which defines the goals of sustainable development of the country, the task of saving water resources and environmental protection is emphasized, placing great responsibility on water management employees.

To reduce water losses in irrigation networks, the year 2024 was announced as a "breakthrough year for concreting canals" in the water industry at the initiative of the President. For this purpose, 5,000 kilometers of irrigation networks, of which 1,500 kilometers are main and inter-farm and 3,500 kilometers are internal, have been concreted this year. To date, 525 kilometers of canals have been reconstructed, of which 355 kilometers have been concreted. The length of canals concreted by clusters and farms has exceeded 13,500 kilometers.

In recent years, the areas covered by water-saving technologies in the country have reached 1.3 million hectares. Of this, drip irrigation accounts for 478,000 hectares, sprinkler irrigation for 55,000 hectares, and discrete method irrigation for 29,000 hectares. Over 700,000 hectares have been leveled using laser leveling equipment.

Work on the introduction of water-saving technologies, which started in previous years, is being continued consistently. This year alone, it is planned to introduce cost-effective technologies on 500,000 hectares of land and to fully cover all irrigated farming areas in the country with such technologies by 2030.

All possibilities and resources are being used for this. Today, the number of local enterprises producing equipment and components for water-saving technologies in Uzbekistan has reached 55, with plans to increase this number in the future.

In recent years, 11,446 "Smart Water" devices, online water level monitoring meters in 1,704 pumping units, and online monitoring of seepage water levels have been installed in 6,746 reclamation monitoring wells. To manage water resources from one point without human intervention, the management processes of 65 large water management facilities were automated.

It is planned to save 8 billion cubic meters of water in 2024 through the concreting of channels, the introduction of water-saving technologies, the digitization of the industry, the implementation of "smart" devices, and effective water management.

It should be noted that 60 percent of the irrigated cropland in the country is supplied with water through pumps. There are more than 1,600 pumping stations in the Ministry's system, and due to their modernization, installation of modern energy-saving devices, and the introduction of public-private partnerships, electricity consumption has been reduced by 1.5 billion kWh in the last seven years.

In the coming years, the total cost of the water industry will be $6.0 trillion. Agreements for 463 public-private partnership projects worth significant amounts in soums were signed. In 2023, all water management facilities in five districts and 300 pumping stations across the republic will be transferred to the private sector.

This transfer increases work efficiency, saves up to 30% on electricity at pumping stations, and reduces salary deductions by 13%.

The "Irrigators' School" was launched in cooperation with the Ministry of Water Resources, the "Tashkent Institute of Irrigation and Agricultural Mechanization Engineers," the National Research University, and "Agrobank." Highly qualified specialists from abroad are organizing one-week-long free training courses for designers, contractors, managers of farms, and cluster enterprises from all districts of the republic.

In short, life itself proves that the only solution to mitigate the water shortage in our region is to save water and use it wisely.

Press service of the Ministry of Water Resources
of the Republic of Uzbekistan

A meeting of the Organizing Committee for the Second Asian Women’s Forum was held at the Senate of the Oliy Majlis.

The meeting was chaired by the Chairperson of the Senate, Tanzila Narbaeva.

The meeting was attended by members of the Organizing Committee, senators, heads of relevant ministries and agencies, as well as representatives of non-governmental non-profit organizations.

It should be noted that the Head of state, during the 80th session of the United Nations General Assembly held on September 23–29, 2025, proposed transforming the Asian Women’s Forum into a permanent platform.

To this end, it was decided to hold the forum jointly with UN Women and the United Nations Population Fund on May 13–15 this year in the city of Bukhara.

The forum will address issues related to empowering women in the region in areas such as politics, economy, healthcare, education, social protection, climate, environment, and governance. It is expected to enhance both global and regional cooperation, with active exchange of experience.

The event will also serve as a platform to present to international participants the reforms implemented in Uzbekistan under the leadership of the Head of State, including measures to support women, socio-economic opportunities, and conditions created in employment, entrepreneurship, education, and social protection, as well as achievements in community development and tourism potential.

Particular attention will be given to the implementation of key international frameworks, including the Convention on the Elimination of All Forms of Discrimination against Women, UN Security Council Resolution 1325, the Beijing Declaration and Platform for Action, and the Sustainable Development Goals.

During the meeting, participants discussed organizational aspects related to the forum, including its agenda, content, and arrangements for bilateral meetings with foreign delegations.

Following the meeting, relevant ministries and agencies were assigned specific tasks to ensure the forum is held at a high level.

Dunyo IA,

Tashkent

Following the results of Q1 2026, the ranking of large banks underwent notable changes. While the leading group remained intact, positions within the segment were reshuffled. In the small-bank category, movements were also significant, pointing to continued realignment and stronger competition across the sector.

The Center for Economic Research and Reforms presented the updated Bank Ranking based on the results of the Banking Activity Index for Q1 2026.

The study covers 34 commercial banks of the republic, including 20 classified as large financial institutions by scale and branch network, while the remaining 14 were categorized as small banks.

The methodology is based on the analysis of 27 indicators benchmarked against national averages and international standards, including the requirements of the Basel Committee. The ranking serves as an important tool for enhancing transparency and strengthening confidence in the financial system. This approach is consistent with international practice and is widely used by leading financial institutions.

Financial Results for Q1 2026

During the reporting period, total assets of the banking sector amounted to 932.3 tn sums ($76.3 bn), while liabilities reached 793.9 tn sums ($64.9 bn). Lending increased by 14%, while deposits grew by 32%. The aggregate capital of the banking system was fully denominated in the national currency. Net profit reached 3.1 tn sums ($254 mn), which is 36.3% higher than a year earlier.

During the period under review, the share of non-performing loans declined to 3.3%, compared with 4.5% a year earlier, indicating improved portfolio quality. At the same time, in several banks the ratio remains above the sector average. Capital adequacy indicators exceed minimum regulatory requirements by more than 1.4 times, confirming the resilience of the banking sector.

Large Banks Activity Ranking for Q1 2026

The results of Q1 2026 show that despite the relative stability at the top of the ranking, both categories of banks recorded notable positional changes.

In the large-bank segment, performance was mixed. Out of 20 banks, 7 improved their positions, 8 declined, and 5 retained their previous places. This reflects a high level of competition and the ongoing redistribution of market positions.

The most notable progress was demonstrated by Tenge Bank, which moved up by 6 positions. Three more banks — Agrobank, Invest Finance Bank, and Xalq Bank — advanced by 2 positions each. Positive momentum was also recorded by Ipak Yuli Bank, Asia Alliance Bank, and Hamkorbank, all of which improved their standing in the overall ranking.

At the same time, several large banks recorded lower activity levels. The most significant decline was observed at Orient Finans Bank and Trast Bank, which fell by 5 and 3 positions respectively.

Changes Across Key Indicators

Financial Intermediation. The leading positions were taken by Invest Finance Bank, Anor Bank and Kapitalbank. In this ranking, Davr Bank and Hamkorbank fell by 4 positions, while Ipoteka Bank declined by 1 position.

Financial Accessibility. The leaders were Agrobank, Anor Bank and BRB. Under this indicator, declines were mainly observed among leading banks: Kapitalbank (-3 positions), Hamkorbank (-7), Asia Alliance Bank (-1), Ipak Yuli Bank (-5), and Trast Bank (-6). The strongest improvement in this ranking was recorded by Tenge Bank (+8), Xalq Bank, Davr Bank (+5), and Agrobank (+4).

Capital Adequacy. The top positions were occupied by Orient Finance Bank, Trast Bank and Halk Bank. At the same time, Agrobank dropped by 4 positions, while Aloqa Bank declined by 2 positions.

Asset Quality. The leaders were Hamkorbank, Asia Alliance Bank and Ipak Yuli Bank. Turonbank fell by 5 positions, while Asakabank, Mikrokreditbank, SQB, Trast Bank and Anor Bank each declined by 2 positions.

Management Efficiency. The highest positions were held by SQB, Orient Finance Bank and NBU. At the same time, Asaka Bank dropped by 5 positions, while BRB declined by 4 positions.

Profitability. The leaders were Hamkorbank, Trast Bank and Asia Alliance Bank. Turon Bank, after falling by 3 positions, ranked last. In this ranking, Kapitalbank, Asia Alliance Bank, Anor Bank and Davr Bank declined by 2 positions, while Ipoteka Bank and Mikrokreditbank fell by 1 position.

Liquidity. The leaders were Asia Alliance Bank, Ipak Yuli Bank and Trast Bank. At the same time, Mikrokreditbank, Ipoteka Bank, Anor Bank and SQB each declined by 1 position.

Small Banks Activity Ranking for Q1 2026

The small-bank group remained relatively stable, with leading institutions retaining their positions. The main changes in this category were concentrated in the middle segment, where several banks improved their standing due to stronger financial intermediation and higher profitability.

Within this group, 8 out of 14 financial institutions improved their rankings. The most notable gains were recorded by AVO Bank and Apex Bank, both rising by 3 positions. TBC became the leader of the ranking.

At the same time, 5 banks moved down, with the sharpest decline recorded by Octobank, which lost 6 positions. Saderat Bank, Garant Bank, and Ziraat Bank each rose by 2 positions. The ranking was rounded out by Open Bank and Uzum Bank, both up by 1 position.

Jafar Khidirov, CERR

CERR Banking and Financial Sector Research Sector
Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector
Tel: (78) 150 02 02 (417)

The text of the article is in Russian!