Recently, President of the Republic of Uzbekistan Shavkat Mirziyoyev received a special letter from President of the United States Donald Trump. In this message, which is of great significance in political and diplomatic circles, the U.S. President highly commended our Head of State’s active and constructive participation in the inaugural meeting of the Peace Council in Washington. The letter specifically acknowledged the innovative reforms being implemented by our esteemed President in New Uzbekistan and the results achieved, and invited him to the next meeting of the Peace Council as well as to the prestigious G20 Summit to be held in Miami.

It concluded with the words, “May the Creator bless you and the great people of Uzbekistan,” expressing the highest respect.

Do you know the geopolitical significance of this development?

It is an open acknowledgment that the leader of the world’s most powerful country regards New Uzbekistan not as a small Central Asian state, but as a strategic partner helping to shape global peace, security, and a new world order. The attention and invitation extended by the head of the White House represent the international community’s true assessment of the balanced, enlightened, and pragmatic foreign policy pursued by our President.

What force lies behind this diplomatic success? Why is Washington listening so closely to Tashkent’s views and position today, at a time of intensifying rivalry among global powers?

The answer is clear and well founded: humanity stands on the threshold of a profound paradigm shift. Indeed, the world’s geopolitical architecture is currently undergoing a stage of fundamental renewal, transformation, and restructuring.

Traditional methods in international relations—the use of force, financial pressure, and artificially constructed political alliances—are losing their value. At a time when humanity is caught in a vortex of unexpected global crises and conflicts, a new form of peace diplomacy—grounded in reason, science, rational analysis, enlightenment, and logic—is emerging on the geopolitical stage.

Therefore, President Donald Trump’s letter is far more than a matter of ordinary diplomatic courtesy or symbolic protocol. It demonstrates that New Uzbekistan is becoming a firm pillar of the global political architecture.

Those of us in the academic and scientific community must examine this process at a deep, fundamental level: Why is the leader of the world’s most powerful country paying such close attention to Uzbekistan’s voice and to its balanced, enlightened position?

It should be noted that the international community has recently come to recognize Tashkent’s foreign policy as a “phenomenon of pragmatism grounded in humanism and enlightenment.” Uzbekistan is therefore no longer a mere observer at global flashpoints. Tashkent proposes addressing problems through clear, systematic solutions based on reason and knowledge. This is precisely why Donald Trump attaches fundamental importance to Tashkent’s role in the Peace Council established in Davos and at the Washington summit. His views indicate that Uzbekistan has already moved beyond the status of a “geopolitical player in the shadows” or a “small state.” Our country is emerging as a pillar of stability in Central Asia and a strong bridge for peace in global diplomacy.

In his historic address at the Peace Council’s first summit in February of this year, our Head of State stated clearly and firmly: “We must seize this historic opportunity to build a New Gaza—a prosperous region with decent living conditions for its people.”

The Uzbek leader’s initiative to build homes, kindergartens, schools, and hospitals in crisis-stricken areas is a fundamental concept conveying to the world that war and destruction can be overcome only through enlightenment, education, socioeconomic recovery, and science diplomacy.

Clear evidence of this can be seen in the period from 2022 to 2026, which has been marked by entirely new initiatives, major investments, and the rapid expansion of academic exchanges in education and science. Data from the Ministry of Higher Education, Science and Innovation of the Republic of Uzbekistan, the U.S. Embassy in Tashkent, and international organizations such as American Councils clearly demonstrate the scale of this growth.

In recent years, thousands of local English-language teachers have been retrained in accordance with international standards through the English Speaking Nation (ESN) program, implemented with the support of the U.S. Department of State. American specialists—English Teaching Assistants (ETAs)—have been directly involved in teaching at schools and universities across various regions of Uzbekistan.

With U.S. support, modern teaching and learning packages for English and computer science (IT), meeting international standards, were also developed and introduced for grades 1–11 in general education schools.

Cooperation in higher education has advanced beyond student exchanges to the level of institutional development:

• The expansion of the Fulbright and FLEX programs significantly increased the quotas for academic exchanges intended for researchers, graduate students, and schoolchildren. Young Uzbek scholars and teachers gained opportunities to conduct research at leading U.S. universities, including the University of California, Berkeley, and the University of Texas.

• Franchising and partnerships with American universities have developed, while the network of joint educational programs—including double-degree programs—and academic cooperation with U.S. higher education institutions has expanded. The Tashkent branch of Webster University has further broadened its activities and continues to train highly qualified professionals through its undergraduate and graduate programs.

The number of joint research projects between the Ministry and U.S. higher education institutions in IT, alternative energy, agricultural technologies, and sociolinguistics has increased. Educational resources open to the wider public have also been developed beyond formal educational institutions. A network of modern libraries, STEM laboratories, and free language-learning centers has been established in Tashkent, Karshi, Namangan, Termez, and other cities. These centers have become free platforms for young people to acquire knowledge and exchange information. Special grants and training programs have also been introduced to increase the participation of women and girls in STEM—science, technology, engineering, and mathematics.

In addition, from July 13 to 18, a delegation from the Ministry of Higher Education, Science and Innovation was sent on an official visit as part of the international Future 100 internship program.

The program arranged internships at the world’s leading universities, technology companies, accelerators, and other organizations. In particular:

• Visits were organized to the Massachusetts Institute of Technology (TOP 1), Stanford University (TOP 3), Harvard University (TOP 5), the University of California, Berkeley (TOP 17), and San Francisco State University.

• The delegation learned about the work of Coursera, Google, OpenAI, the StartX Accelerator, the Office of the Mayor of San Francisco, and the United Nations, and took part in seminars.

Recent years have marked a fundamental shift, both quantitative and qualitative, in Uzbek-American educational relations. This cooperation serves as an important driver for developing human capital in Uzbekistan, training professionals who can compete in the global labor market, and modernizing the education system.

Today, we can say with confidence that a strong foreign policy rests upon strong enlightenment and a powerful economic foundation. In this regard, the scale of past and present economic and social cooperation between Washington and Tashkent deserves particular recognition. The agreements reached within the framework of the Tashkent International Investment Forum and business dialogues in Washington—with the leadership of the Export-Import Bank of the United States and the U.S. International Development Finance Corporation (DFC), as well as with such global corporate giants as BlackRock, John Deere, Traxys, and Valmont Industries—are no coincidence.

Major projects in healthcare, critical-mineral processing, green energy, artificial intelligence, digitalization, data centers, and the construction of a new airport hub in Tashkent are the practical fruits of intellectual power grounded in science and technology.

The United States’ view of Uzbekistan as a strategic partner is also closely linked to the reforms underway in our country’s higher education and research sectors. In modern competition, it is not raw materials but intellectual capital and advanced technologies that are becoming decisive. Science is the only universal human phenomenon that knows no borders and can show the way toward rational compromise in any situation. The global peace initiatives advanced by Uzbekistan embody the following three principal enlightened solutions:

• Resolving conflicts not through political or military pressure, but by rebuilding society’s social and cultural fabric and establishing educational infrastructure.

• Ensuring that every peace mechanism—including efforts such as the reconstruction of Gaza—is supported by the local population and founded on sustainable economic models.

• Demonstrating New Uzbekistan’s readiness to assume geopolitical responsibility and offer solutions at the world’s most painful flashpoints.

This is precisely why the United States and the international community see Shavkat Mirziyoyev as a new, reliable, and balanced guarantor of global stability.

It is evident that, in the twenty-first century—when global competition is becoming increasingly fierce—our country has its own voice, its own conceptual model, and a firmly established place on the world stage. We believe that the G20 Summit in Miami and the upcoming meetings of the Peace Council will elevate Uzbekistan’s active participation in shaping the global political agenda to an even higher level.

For our part, we must support this honorable and prudent diplomatic course led by our esteemed President through science, innovation, and a highly skilled workforce, while demonstrating to the world the strength of the Uzbek tradition of enlightenment.

Thus, New Uzbekistan is a new global center of peace, enlightenment, academic intellect, and international cooperation. This message will continue to resound from international platforms and unite the entire world around the cause of goodness.

Fazliddin MUMINOV
Head of Department, Ministry of Higher Education, Science and Innovation

The global economy has entered a stage in which sustainable development is no longer merely a declarative agenda but has become one of the key criteria for assessing trust in governments, companies, and financial institutions. As a result, ESG standards are now viewed not as an image-building tool, but as a means of evaluating reliability, governance quality, technological maturity, and long-term competitiveness.

For reference: ESG (Environmental, Social, and Governance) refers to business principles under which a company considers its impact on the environment, society, and the quality of governance while seeking to achieve sustainable development and minimize risks.

Today, this trend is naturally shifting from voluntary commitments toward stricter requirements, including non-financial disclosure, climate reporting, independent verification, carbon regulation, supply-chain oversight, and measures to combat greenwashing—that is, the unjustified presentation of activities as environmentally sustainable.

Notably, according to available estimates, global ESG assets exceeded USD 30 trillion in 2022 and may reach USD 40 trillion by 2030. At the same time, sustainable bond issuance amounted to approximately USD 1.1 trillion in 2025. This demonstrates that sustainable development has become part of the global financial infrastructure rather than a narrow area of corporate policy.

Against this backdrop, Uzbekistan is shaping its own model of sustainable development based on national priorities. Water and energy security, employment, social stability, improved performance of state-owned enterprises, greater transparency in governance, and stronger investment appeal are of particular importance to the country.

A key feature of Uzbekistan’s approach is that the ESG agenda is not being developed in a fragmented manner, but as part of broad reforms implemented under the leadership of the President of the Republic of Uzbekistan. The Uzbekistan–2030 Strategy, the transition toward a green economy, national sustainable development goals, the green taxonomy, the MRV system, ESG reporting by state-owned enterprises, social protection, the development of mahallas, and anti-corruption measures together form a unified framework for public policy.

A new stage in the institutional development of ESG was formalized by Cabinet of Ministers Resolution No. 221 dated May 4, 2026. The document approved rules for introducing environmental, social, and corporate governance principles, preparing ESG reports, and disclosing information on sustainable development. As a result, ESG in Uzbekistan is moving from a broad strategic framework toward a specific system of implementation, monitoring, and reporting.

This is therefore not a collection of isolated initiatives, but a new logic of governance. The economy must not only grow, but also remain sustainable; state-owned enterprises must not only be large, but also transparent; social policy must not only compensate for hardship, but also support development; and the environmental agenda must not only protect nature, but also carry economic significance.

The environmental pillar remains the most developed area. Given Uzbekistan’s water scarcity, high climate vulnerability, the consequences of the Aral Sea crisis, and the need to modernize the energy sector, the green economy is an objective necessity.

Key documents signed by the Head of State define the main areas of environmental transformation: the development of renewable energy, improved energy efficiency, the introduction of water-saving technologies, emissions reduction, waste recycling, the expansion of green spaces, the restoration of natural ecosystems, and the creation of an emissions-monitoring system.

As a result, environmental policy is gradually moving beyond traditional nature conservation and becoming part of the country’s economic strategy. At a time when the carbon footprint is becoming a factor in export competitiveness, energy modernization, reduced water losses, and improved industrial efficiency are gaining not only environmental but also macroeconomic importance.

Alongside the environmental agenda, Uzbekistan’s sustainable development model includes a strong social dimension. This includes reducing poverty, expanding employment, supporting women, protecting vulnerable groups, developing mahallas, improving infrastructure, and raising living standards.

It is the social pillar that gives the reforms a human dimension. The green transition must not be limited to reporting and technical indicators. It must remain people-centered, since changes in energy, water management, and industry may affect employment, tariffs, access to resources, and household income structures.

At the same time, the aforementioned government resolution establishes ESG as an integrated system in which environmental indicators are not considered separately from social and governance factors. The focus extends beyond emissions, energy, and water to include governance quality, labor practices, risks affecting stakeholders, data transparency, and management accountability.

The quality of governance is becoming a key condition for the effectiveness of the ESG agenda. In today’s environment, investor confidence depends not only on macroeconomic indicators, but also on institutional transparency, corporate governance, information disclosure, and the predictability of public policy.

Uzbekistan has made notable progress in this area. Digital monitoring, the KPI system for government bodies, anti-corruption policy, ESG reporting by state-owned enterprises, and a national system for measuring, reporting, and verifying climate and ESG indicators for emissions accounting are all being developed.

Changes in the public sector are particularly significant. In recent years, substantial progress has been achieved in improving the investment appeal of state-owned enterprises. By the end of 2025, 17 state-owned enterprises had received international credit ratings, while seven had obtained publicly available ESG ratings. This indicates a transition from a closed administrative model toward the standards of international financial discipline.

In practice, the public sector is becoming subject to external assessment, public reporting, and corporate accountability. Ratings require the disclosure of risks, financial discipline, a clear strategy, and stronger governance. Through this mechanism, ESG is moving from the conceptual level into the practical sphere of corporate management.

Within this framework, the government resolution is of fundamental importance. It stipulates that state-owned enterprises undergoing transformation must introduce ESG reporting rules from July 1, 2026, and prepare ESG reports in accordance with disclosure standards by November 1, 2026.

Based on the above, the following conclusions may be drawn:

First, ESG is becoming a strategic instrument for modernizing Uzbekistan’s public sector and economy. Its significance extends beyond environmental policy and encompasses investment, social sustainability, and competitiveness.

Second, reforms implemented under the leadership of the Head of State are transforming sustainable development from a set of declarations into a system of practical governance. Reporting, the green economy, social policy, transparency, and ESG standards are becoming elements of a unified reform architecture.

Third, in the new global economy, the advantage belongs to countries that grow sustainably, transparently, and predictably from an investor’s perspective. This is precisely where Uzbekistan’s competitive opportunity lies: in turning sustainability into a source of trust, capital, and long-term development.

Thus, ESG is not an external slogan for Uzbekistan, but an internal logic of development. It is a mechanism for connecting economic growth with responsibility, investment with trust, reforms with quality of life, and national interests with the requirements of the new global economy.

1. Nizamov

Head of Department

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan

1. Sattorov

Leading Research Fellow

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan

Development of the “Central Asia Plus” Formats

In recent years, Central Asia has increasingly acted as a unified region in international relations. Alongside bilateral ties, “Central Asia Plus” formats have been developing, allowing the countries to coordinate their shared interests and discuss trade, investment, industrial cooperation, transportation, energy, and security with external partners.

Existing formats include “Central Asia–European Union,” “Central Asia–Russia,” the C5+1 platform with the United States, as well as dialogue mechanisms with China, Japan, South Korea, and other partners. These mechanisms do not replace bilateral cooperation but complement it with a regional agenda.

Central Asia’s Multivector Cooperation

The first “Central Asia–European Union” summit, held in Samarkand in April 2025, focused on developing a strategic partnership between the two regions. Particular attention was paid to investment, technological modernization, green energy, critical minerals, transportation, and logistics.

Uzbekistan proposed establishing an investment platform to advance regional projects and developing coordinated conditions for expanding the Trans-Caspian Transport Corridor. It also proposed holding a meeting of the transport ministers of the countries located along the route.

The second “Central Asia–Russia” summit, held in October 2025, focused on expanding trade, industrial cooperation, and collaboration in energy and transportation.

Uzbekistan proposed holding annual summits, establishing a coordination council at the deputy prime minister level, and creating an integrated transportation and logistics framework combining national road, rail, and air connectivity programs. Particular attention was also paid to developing the North–South Corridor and resilient production chains.

Thus, the “Central Asia Plus” formats enable the region to develop cooperation in several areas simultaneously. Their purpose is not to choose a single partner or route, but to expand economic ties and strengthen the region’s resilience to external changes.

Establishing a New C5+1 Format

The “Central Asia + Azerbaijan” format differs from other platforms because Azerbaijan is directly connected to the region through the Caspian Sea and is a key component of transportation routes leading toward the South Caucasus, Türkiye, and Europe.

For Central Asia, Azerbaijan is an important transit, investment, and industrial partner. For Azerbaijan, the Central Asian countries represent a growing market and a source of cargo flows for its port, railway, and logistics infrastructure. The new format therefore has not only political significance but also a specific economic dimension.

At the seventh Consultative Meeting of the Heads of State of Central Asia, held in Tashkent on November 16, 2025, a decision was made to grant Azerbaijan full participation. This became the first meeting of regional leaders in the expanded format.

President of Uzbekistan Shavkat Mirziyoyev proposed gradually transforming the consultative dialogue into a strategic “Central Asian Community” format. Initial steps included strengthening the institutional framework of the meetings, establishing a rotating secretariat, and elevating the status of national coordinators to special representatives of the presidents.

In trade and economic cooperation, Uzbekistan proposed developing a Comprehensive Regional Program for Trade and Economic Cooperation through 2035. The document is expected to address the removal of administrative barriers, simplification of customs and tax procedures, joint use of industrial and free economic zones, and other measures to increase intraregional trade.

Initiatives were also proposed to establish a common investment space and develop e-commerce. These measures include coordinating basic approaches to investor protection, creating regional digital marketplaces, and developing reliable digital payment systems.

Particular attention was paid to transportation and energy infrastructure. Uzbekistan proposed establishing an Infrastructure Development Council at the deputy prime minister level. Priorities included the construction and modernization of roads, railways, border checkpoints, energy networks, green corridors, and digital infrastructure.

Transportation initiatives covered the China–Kyrgyzstan–Uzbekistan railway, the Trans-Afghan route, and the Trans-Caspian transportation routes connecting Central Asia with the markets of the Caucasus, Türkiye, and Europe.

In 2026, the meeting is expected to continue under Turkmenistan’s chairmanship in the new “Central Asia and Azerbaijan” format.

Economic Foundation of Cooperation

The expansion of the regional format is taking place against the backdrop of growing trade and investment ties between Uzbekistan and the Central Asian countries.

In 2025, Uzbekistan’s trade turnover with the countries of the region reached $8.3 billion. Exports totaled approximately $3.2 billion, while imports amounted to $5.1 billion. Kazakhstan remained Uzbekistan’s largest regional trading partner, accounting for 60.2% of its trade with Central Asian countries. Turkmenistan and Kyrgyzstan each accounted for 14.5%, while Tajikistan accounted for 11%.

As of June 2026, Uzbekistan was home to 2,384 enterprises with capital from Central Asian countries. These included 1,283 enterprises with Kazakh capital, 442 with Tajik capital, 362 with Kyrgyz capital, and 297 with Turkmen capital.

The total volume of direct investment and loans attracted from the countries of the region in 2017–2025 amounted to $2.5 billion. In 2025 alone, this figure reached $1.3 billion.

At the same time, the potential of intraregional trade has not been fully utilized. According to calculations by the Center for Economic Research and Reforms, replacing some goods imported from third countries with intraregional supplies could increase trade within Central Asia by $11.4 billion, more than doubling its current volume. Unlocking this potential requires reducing tariff and non-tariff barriers, improving information exchange among businesses, and developing regional production chains.

Uzbekistan’s economic relations with Azerbaijan are also strengthening. Between 2017 and 2025, bilateral trade increased 9.5-fold, from $32.5 million to $307.3 million. Uzbekistan’s exports reached $227.3 million, while imports from Azerbaijan amounted to $80 million.

Uzbekistan’s exports mainly consist of manufactured goods, machinery and transportation equipment, food products, beverages, finished goods, and services. Imports are dominated by food and manufactured goods, machinery, transportation equipment, and chemical products.

Uzbekistan is home to 460 enterprises with Azerbaijani capital. Their number has increased 6.5-fold since 2017. In 2025, Azerbaijani investment in Uzbekistan totaled $173.7 million, bringing cumulative investment to $318.6 million.

An additional instrument was created in 2023 with the establishment of the Azerbaijan–Uzbekistan Investment Company, which has authorized capital of $500 million and can finance projects in Uzbekistan, Azerbaijan, and third countries.

Cooperation is also developing in the automotive industry, textiles, construction, agriculture, and other sectors.

The Middle Corridor and Azerbaijan

Expanding trade and industrial cooperation requires reliable transportation infrastructure. For Uzbekistan, which has no direct access to the sea, developing alternative routes is essential to strengthening the resilience of foreign trade.

The Middle Corridor connects China and Central Asia with the South Caucasus, Türkiye, and Europe. Cargo from Uzbekistan can be transported through Kazakhstan or Turkmenistan to Caspian ports, shipped by sea to Azerbaijan, and then delivered to European markets through Georgia and Türkiye or across the Black Sea.

Azerbaijan occupies a central position in the western section of the route. Its transportation infrastructure includes the Alat International Sea Trade Port, the Caspian merchant fleet, and the Baku–Tbilisi–Kars railway.

The capacity of the Alat Port is expected to increase from 15 million to 25 million metric tons, while the capacity of the Baku–Tbilisi–Kars railway has been expanded to 5 million metric tons. A unified digital platform is also being developed to simplify transportation operations and trade between Caspian ports.

According to the World Bank, if the necessary infrastructure and organizational reforms are implemented, freight traffic along the Middle Corridor could triple by 2030, while delivery times could be reduced by half.

During the first nine months of 2025, transit freight between Uzbekistan and Azerbaijan exceeded 1 million metric tons. This indicates growing prospects for using Azerbaijan’s transportation infrastructure as a transit route for Uzbek cargo.

The opening of the Zangezur Corridor is also expected to create additional opportunities for all Central Asian countries.

Opportunities for Uzbekistan and Central Asia

For Uzbekistan, the Middle Corridor provides an additional route to the markets of Azerbaijan, Georgia, Türkiye, and the European Union. This makes it possible to diversify transportation routes and reduce foreign trade dependence on a limited number of corridors.

Delivery times and predictability are especially important. They directly affect the competitiveness of textiles, fruits and vegetables, electrical equipment, automobiles, and other high-value-added products. Coordinating rail and maritime transportation schedules, introducing digital documentation, and reducing border-crossing times could lower exporters’ costs.

The corridor’s development will also create demand for dry ports, multimodal terminals, warehouses and cold-storage facilities, repair enterprises, and insurance, financial, and digital services. Transportation can therefore be viewed not only as a means of delivering goods but also as a separate area of investment and industrial development.

Additional opportunities are associated with the construction of the China–Kyrgyzstan–Uzbekistan railway. Its integration with the Middle Corridor would establish a shorter and more resilient transportation link between China, Central Asia, the Caucasus, and Europe.

For Central Asia as a whole, developing the route would make it possible to consolidate cargo flows, harmonize transportation procedures, and increase the region’s attractiveness to international investors. A larger and more stable cargo base would support regular train and vessel services, reduce per-unit costs, and expand the geographic reach of shipments.

The Middle Corridor is not viewed as a replacement for northern or southern routes. Its main purpose is to expand available options, strengthen logistics resilience, and create additional connections to external markets.

The Importance of Industrial Cooperation

Transportation cooperation will have a long-term impact if it is linked to the development of manufacturing. Growth in transit alone will not ensure the full realization of the new format’s economic potential.

Uzbekistan, other Central Asian countries, and Azerbaijan could establish joint production chains in the automotive industry, textiles, agricultural processing, electrical engineering, construction materials, chemicals, and machinery manufacturing.

An analysis by the Center for Economic Research and Reforms shows that regional enterprises could supply one another with raw materials, components, and finished products, reducing their dependence on imports from third countries.

One promising area is the establishment of joint industrial zones and logistics centers along the Middle Corridor. The idea of creating “mirror” special economic zones in Uzbekistan and Azerbaijan has not yet reached the implementation stage, but it offers significant development potential.

At the same time, growing bilateral trade, the work of the joint investment company, and expanding transportation links are creating conditions for revisiting this initiative.

Such zones could specialize in product assembly and processing, consolidation of export shipments, warehousing operations, and transportation services. Establishing interconnected production facilities in Uzbekistan and Azerbaijan would combine Central Asia’s industrial potential with the transportation infrastructure of the South Caucasus.

Conclusion

The first meeting in the expanded format established a political and institutional foundation for cooperation between Central Asia and Azerbaijan. The next meeting, under Turkmenistan’s chairmanship, could focus on the practical development of the Middle Corridor and the expansion of industrial cooperation.

In transportation, the main priorities include coordinating tariffs and procedures, developing regular rail and maritime services, modernizing port and border infrastructure, digitizing documentation, and exploring opportunities to connect the Middle Corridor with the China–Kyrgyzstan–Uzbekistan railway.

In industry, priorities could include establishing joint production chains, developing industrial zones, implementing projects through the Azerbaijan–Uzbekistan Investment Company, and attracting international financial institutions to infrastructure and manufacturing projects.

For Uzbekistan, the “Central Asia + Azerbaijan” format creates opportunities to expand exports, diversify transportation routes, and attract investment in manufacturing and logistics. For other Central Asian countries, it provides an additional route to Western markets.

The format’s future significance will depend on how consistently the participating countries develop the Middle Corridor and complement the transportation agenda with industrial and investment cooperation. The upcoming meeting could provide practical momentum for implementing the most ambitious and mutually beneficial projects.

Edvard Romanov,

Center for Economic Research and Reforms

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

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

Financial results for Q4 2025

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

Activity ranking of large banks for Q4 2025

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

Dynamics of key indicators

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

Activity ranking of small banks for Q4 2025

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

Jafar Khidirov,
Head of Banking and Financial Research Sector

A deeper model is beginning to take shape in Uzbek-Serbian economic relations, based on companies’ mutual access to each other’s markets. The Uzbek side is exploring participation in infrastructure projects in Serbia, while Serbian partners are considering localization, contract manufacturing, and the placement of orders in Uzbekistan. In this way, trade relations are being complemented by investment and production projects capable of giving cooperation a more sustainable character.

The economic logic behind this rapprochement is largely determined by the geographical position of the two countries. Serbia is in close proximity to the major markets of Central and Southeastern Europe and benefits from an extensive network of trade agreements. Uzbekistan is consistently expanding its industrial base and deepening localization in Central Asia. This combination creates favorable conditions for projects in which the partner’s market serves as a platform for production and investment, followed by access to neighboring markets.

Existing trade already outlines the sectoral foundation for cooperation. Uzbekistan supplies Serbia with food, textile, and chemical products, while Serbian exports include industrial equipment, machinery, metal products, and other goods for production purposes. The greatest potential lies in segments where supplies can be further developed through production specialization and joint investment.

The development of transport connectivity between Central Asia and Europe is increasing the importance of the Serbian route. Serbia is considered a potential European link of the Middle Corridor, or Trans-Caspian International Transport Route. Increasing the reliability and predictability of transportation reduces logistical constraints for businesses and improves the economics of projects targeting both Central Asian and European markets.

Against this background, cooperation in the railway sector is particularly significant. The sides are exploring a joint project for the construction of approximately 200 kilometers of railway infrastructure in Serbia. For Uzbekistan, the significance of this initiative goes far beyond a single infrastructure project. It provides an opportunity to bring to the European market the expertise accumulated in railway construction, engineering, and the implementation of major transport facilities. This expands the country’s export potential through engineering and construction services and gives national companies an opportunity to gain experience in implementing projects within the European business and regulatory environment.

In industry, the transition to more sophisticated forms of cooperation is taking place in several formats. In light industry, the placement of orders from Serbian brands at existing Uzbek production facilities is being considered. In pharmaceuticals, contract manufacturing of medicines in cooperation with Hemofarm and Galenika is being explored, along with local production in cooperation with the Torlak Institute. In mechanical engineering and electrical engineering, the focus is on the localization of metal components and the assembly of electric motors. This agenda is complemented by initiatives in the chemical industry and small and medium-sized hydropower.

These formats reflect different levels of enterprise involvement in joint value chains. The placement of orders makes it possible to utilize existing production capacities and establish links with international brands. Contract manufacturing raises requirements for technologies, standards, and quality control. Component localization brings more complex operations into the country and generates demand for local suppliers. In this way, commercial ties gradually create a foundation for sustainable production specialization. The mutually beneficial nature of cooperation is also evident in construction.

Alongside joint efforts to develop railway projects in Serbia, the involvement of Serbian contractors in major urban development projects in Uzbekistan is also being considered. Each side has the opportunity to apply its own experience in the partner’s market and expand the geographical reach of its national businesses.

At this stage, the institutional framework is of particular importance. The agreements on the mutual promotion and protection of investments and on economic cooperation that have entered into force provide a legal framework for long-term investment and systematic sectoral cooperation. Their practical value lies in supporting the initiatives already identified — from determining participants and developing financing models to their direct implementation.

The contours of the next stage are therefore already sufficiently clear: infrastructure services in the European market, the integration of Uzbek enterprises into international production chains, the development of more sophisticated technological operations within the country, and mutual participation of businesses in major projects. This is creating a deeper structure of relations in which trade is extended through investment and industrial cooperation.

The key task now is to consistently transform the established portfolio of initiatives into operational projects. Their implementation will make it possible to turn the geographical position of the two countries into a practical economic resource: for Uzbekistan, to expand the activities of national businesses in the European market; and for Serbia, to develop a long-term presence in the industrial space of Central Asia.

Just a few years ago, Central Asia and the Caucasus were rarely considered major players in the global technology landscape. Today, that perception is rapidly changing. The region is steadily strengthening its position on the global innovation map, attracting international investors, technology companies, entrepreneurs, and venture capital.

What makes this transformation particularly remarkable is that the countries of the region are not developing as competitors, but as complementary innovation ecosystems. Each country is building on its own competitive strengths while contributing to a shared environment for innovation, knowledge exchange, investment, and cross-border collaboration.

A Region Evolving into a Unified Innovation Ecosystem

The progress made by Uzbekistan and Kazakhstan over the past few years illustrates this transformation particularly well. In 2026, Uzbekistan was named Country of the Year by StartupBlink, recognizing the country's remarkable startup ecosystem growth. Venture investments increased more than fivefold, the number of startups surpassed 1,200, and the country is now home to 22 venture capital funds managing over $200 million in combined assets.

Both Uzbekistan and Kazakhstan have prioritized building long-term innovation infrastructure. Each country has established its own Fund of Funds to accelerate venture investment and help startups scale internationally, while Kazakhstan's fund has reached a total capitalization of $1 billion.

Today, both countries have produced unicorn companies, developed globally recognized innovation institutions—including IT Park Uzbekistan and Astana Hub—and continue to earn the confidence of international investors.

From Bilateral Cooperation to a Regional Alliance

A major milestone in regional integration came with the launch of the Central Asian Innovation Hubs (CAIH) initiative in 2024 by IT Park Uzbekistan and Astana Hub. In 2025, IT Park Tajikistan joined the alliance, further expanding regional collaboration.

Since its establishment, dozens of startups from across the region have gained access to international markets in Europe and Asia through participation in major global events such as London Tech Week, GITEX Kazakhstan, and Digital Kazakhstan.

The alliance also established two international innovation hubs in 2025: Khan Tengri Innovation Hub in Shanghai and Tumar Innovation Hub in Dubai. Today, these hubs actively support startups in entering the U.S., European, Chinese, and Middle Eastern markets, facilitating investment opportunities while strengthening research and development capabilities.

Another important initiative has been the launch of joint Market Entry Programs. In 2025 alone, more than 50 startups expanded into international markets, including the United States, the UAE, China, and others. More than 20 startups also joined leading global acceleration programs, including Draper University Hero Training Program (6 startups), AlchemistX (10 startups), and the Silicon Valley Residency Program (6 startups).

Expanding Toward the Caucasus

Discussions are currently underway to bring Azerbaijan into this growing regional partnership, creating an integrated innovation ecosystem that connects Central Asia with the Caucasus.

One of the platforms where this collaboration is already taking shape is the international innovation summit INMerge. Over the past five years, the forum has evolved from a relatively small corporate gathering into one of the largest technology events in Central Eurasia. Today, INMerge brings together participants from Azerbaijan, Uzbekistan, Kazakhstan, Georgia, Türkiye, and many other countries to discuss artificial intelligence, venture capital, digital infrastructure, startup development, and international cooperation.

In 2026, INMerge expanded beyond Baku for the first time by launching its regional Roadshow format across major innovation hubs. One of its flagship destinations was Tashkent, underscoring Uzbekistan's growing role as a leading innovation hub in Central Eurasia.

For startups, events like INMerge represent far more than networking opportunities—they provide direct access to international investors, strategic partners, and new global markets.

Digital Startup Awards: A Gateway to the Global Stage

Another example of the region's growing integration is the Digital Startup Awards, an initiative launched by Uzbekistan to foster a more interconnected innovation ecosystem. The program brings together startup founders from eight countries across Central Asia, the Caucasus, and Mongolia, and has become one of the region's leading platforms for identifying high-potential technology ventures.

More than a competition, the Digital Startup Awards offers a comprehensive growth platform for founders looking to scale their businesses, strengthen entrepreneurial capabilities, expand internationally, and secure investment.

Interest in the program continues to grow. In 2025, the Digital Startup Awards reached a new milestone by receiving a record 1,025 applications from startups across Central Asia, the Caucasus, and Mongolia.

The initiative aims to identify promising technology companies, connect them with investors and strategic partners, support their international expansion, and deepen collaboration among regional innovation ecosystems. Through programs like these, talented founders gain opportunities to compete on the global stage, while Central Asia, the Caucasus, and Mongolia continue to strengthen their position as one of the world's most dynamic emerging innovation regions.

IT Park Uzbekistan

Cooperation between the Republic of Uzbekistan and the Czech Republic in the field of tourism has been developing actively in recent years and is gaining a stable and sustainable character.

Both countries view tourism not only as an economic sector but also as an important tool for cultural exchange, strengthening international relations, and fostering mutual understanding between peoples. Within the framework of bilateral cooperation, joint tourism forums and presentations of tourism potential are regularly organized, and collaboration is being developed between tourism companies and educational institutions. Participation in international exhibitions also plays a significant role, where Uzbekistan promotes its historical and cultural routes, while the Czech Republic presents European travel destinations.

One of the reasons for the growing interest of Czech citizens in Uzbekistan is its rich historical heritage. Cities such as Samarkand, Bukhara, and Khiva—important centers of the ancient Great Silk Road—attract tourists with their unique architecture and the atmosphere of Eastern civilization. For Czech travelers, these destinations are of particular value, as they offer an opportunity to experience history preserved in a living form, distinct from the familiar European cultural landscape.

Another important factor is the exotic and authentic character of Uzbekistan. Tourists from the Czech Republic highlight the unique atmosphere of oriental bazaars, the diversity of national cuisine, the richness of traditions, and the hospitality of local people. All of this creates a truly unique travel experience that is difficult to find in more mass tourism destinations.

A significant role in the growth of tourist flows is also played by the development of Uzbekistan’s tourism infrastructure. A visa-free regime has been introduced for citizens of the Czech Republic, hotels are being modernized, and the transport network is expanding, including domestic flights and high-speed rail connections between major cities. All this makes travel more comfortable and accessible for European tourists, including Czech citizens.

Cultural and educational exchange remains another important area of cooperation. Czechs show interest in Uzbek crafts such as carpet weaving, ceramics, and national embroidery, as well as traditional music and dance. In addition, academic and business exchanges are developing, including participation in conferences, educational programs, and business initiatives, further strengthening ties between the two countries.

A significant milestone in bilateral cooperation was the workshop “Beginning of the Czech Odyssey. Popular Spa Resorts of the Czech Republic,” held in Tashkent with the participation of representatives of government agencies, the diplomatic corps, leading Czech spa resorts and hotels, as well as Uzbek tour operators.

During the event, new tourism products of the Czech Republic were presented, and prospects for expanding cooperation in spa, medical, and wellness tourism were discussed. Special attention was paid to building long-term partnerships between tourism companies of both countries.

Additional momentum to cooperation was provided by the visit of a working group of the Tourism Committee of the Republic of Uzbekistan to Prague, where negotiations were held with representatives of the Czech Ministry for Regional Development, relevant associations, and leading tourism companies. The meetings focused on expanding tourism exchange, developing institutional cooperation, and implementing joint tourism initiatives.

Despite positive dynamics, certain infrastructural limitations remain, in particular the absence of direct and more convenient air connections between cities of the two countries, which somewhat constrains further growth in tourist exchanges.

In the future, cooperation between Uzbekistan and the Czech Republic in tourism is expected to expand further. Growth in tourist flows, development of new routes, improved transport accessibility, and implementation of joint cultural and sustainable tourism projects are anticipated. All of this will contribute to strengthening bilateral relations and make Uzbekistan an even more attractive destination for tourists from the Czech Republic.

On 23 January, under the chairmanship of the President of the Republic of Uzbekistan, a videoconference meeting was held on the key tasks of poverty reduction and employment provision for 2026. In terms of both substance and the framing of issues, the meeting marked a turning point in the evolution of the country’s social policy.

The relevance of transitioning to a new model

The results of the reforms demonstrate a transition to the next stage of social policy. For the first time, poverty reduction has been placed in direct dependence on outcomes at the level of individual mahallas.

This shift is a consequence of the socio-economic results achieved. By the end of 2025, the national economy grew by 7.7%, significantly above the forecast level of 6.5%. GDP exceeded $147 bn, reaching approximately $3,900 per capita. Growth rates in all sectors surpassed those of 2024. Foreign investment reached $43 bn, while exports amounted to $33.8 bn. Inflation declined from 9.8% to 7.3% in 2025.

Sustained economic growth ensured a significant increase in budget revenues, which were consistently directed toward addressing social issues, reducing poverty, and developing mahallas. As a result, in 2025 income sources were provided for 5.4 mn people, and 330,000 families were lifted out of poverty. Unemployment declined to 4.8%, while the poverty rate fell to 5.8%.

As overall poverty indicators decline, its geography is changing. Poverty is becoming localized, concentrated, and heterogeneous. Nearly one-third of low-income households and around one-fifth of the unemployed are concentrated in a limited number of mahallas, which necessitates a transition to a new model.

Against this backdrop, the primary indicator becomes the outcome achieved at the level of each mahalla. The persistence of poverty or unemployment indicates that measures require further calibration.

Accordingly, for the first time at the national level, a systematic classification of all territories by poverty level was conducted. Based on 20 criteria, 37 “difficult” districts and 903 “difficult” mahallas were identified, home to around 120,000 poor families and approximately 155,000 unemployed citizens. At the same time, work to shape the image of a “New Uzbekistan” has also begun in an additional 33 districts and 330 “difficult” mahallas.

A distinctive feature of the new approach is that “difficult” territories are viewed as points of structural transformation. For each mahalla and district, comparative advantages are assessed, including economic, agricultural, industrial, logistics, or service-related strengths.

Individual development programmes for mahallas are being formulated. Practice shows that even in the most vulnerable areas, ensuring stable access to water and electricity, basic infrastructure, and integration with markets can multiply household incomes.

In the current year, territorially targeted development becomes the main instrument for achieving the stated goals, as clearly articulated by the President.

Infrastructure as an economic asset

A particular emphasis in the new model is placed on revising regional policy priorities. As noted by the President, residents and entrepreneurs in “difficult” districts and mahallas primarily expect improvements in roads, water supply, and electricity provision, rather than an expansion of tax incentives.

Concentrating resources on a limited number of problem territories allows infrastructure investment to be transformed from general budget spending into an instrument of targeted socio-economic impact. In 2026, $1.6 bn will be allocated for regional infrastructure development, of which $990 mn will be directed to “difficult” districts and mahallas.

At the same time, transfers from the republican budget to local budgets will double.

Additionally, allocations of $4.1 mn to each “difficult” district and $165 ths to each “difficult” mahalla are envisaged.

In total, district hokimiyats (district executive administrations) and local kengashes (local representative councils) will receive an additional approximately $330 mn exclusively to support problem territories.

A key element of this model is ensuring stable energy supply for “difficult” districts and mahallas.

In 2026, each of the 903 “difficult” mahallas is expected to host the construction of a small solar power plant with a capacity of 300 kW, with a total investment of around $110 mn. These plants will be transferred to the mahallas free of charge, creating a local energy asset. Through the generation of “green” electricity, each mahalla will gain a sustainable additional income source of $33-41 ths per year.

The proceeds are intended to be used for energy-efficient renovation of housing stock, reducing utility costs, and improving quality of life. Operation of the solar plants will involve members of low-income households, simultaneously addressing employment and infrastructure sustainability objectives.

A separate emphasis is placed on supporting the most vulnerable households. An instruction has been issued to conduct targeted assessments of 6,700 families with a member having a first-degree disability and no able-bodied household members, followed by identification of needs for energy-efficient housing upgrades and the launch of “green” renovation.

Taken together, these measures form a model of territorial and energy resilience. The effectiveness of local authorities’ performance will be subject to public evaluation, reinforcing the transition to results-oriented governance.

Comparative advantages of mahallas

The President clearly defined key socio-economic targets for 2026, including the provision of permanent employment for around 1 mn people, lifting 181,000 families out of poverty, increasing the number of poverty-free mahallas by 2.5 times to 3,500, and reducing the unemployment rate to 4.5%.

Achievement of these targets is expected to be based on the comparative advantages of specific districts and mahallas in industry, agriculture, and services. This approach allows resources to be concentrated where they generate the greatest multiplier effects for employment and household incomes.

As an example of leveraging comparative advantages based on location and specialization of mahallas, the President cited Furqat District. Its advantages include, first, cooperation with neighboring economically active centers; second, deepening specialization among nearby mahallas and combining competencies; and third, increasing value added through the launch of processing activities.

Further measures were outlined within the framework of a differentiated approach to developing problem territories.

Deepening mahalla specialization

Primary attention will be focused on deepening mahalla specialization, as welfare levels are significantly higher in mahallas with deep specialization. Practice shows that in such mahallas, welfare levels are noticeably higher, while the number of recipients of social assistance is half as large, at around 7 people per 10,000 population.

Currently, the 903 “difficult” mahallas encompass around 90,000 hectares of household and leased land. To transform this resource into a source of sustainable income, a new mechanism of a “social contract” between the state and the mahalla has been proposed. Mahallas that, by leveraging residents’ skills and rational land use, manage to increase household incomes by three to four times will receive additional financing of $165 ths for the development of road, water, and irrigation infrastructure. Implementation of this model is planned to begin with “difficult” mahallas.

To support deeper specialization, banks will allocate a total of $1.4 bn in loans. For production projects, 4% of the loan will be compensated, while for processing projects the compensation will amount to 6%.

Comparative advantages of mahallas

In 2026, $11.5 bn in credit resources are earmarked for the development of small and medium-sized businesses in mahallas, compared to $10.7 bn a year earlier. At the same time, banks have been tasked with strengthening entrepreneurship financing: alongside a planned $6 bn from external sources, the total volume of funds directed to mahalla-level projects should reach $8 bn.

Not only the scale but also the principle of credit allocation is changing. The model under which loans within the “Family Entrepreneurship” programme were issued on uniform terms at a 17.5% rate across all districts and cities is giving way to territorial differentiation. In particular, for the 37 “difficult” districts, the rate is reduced to 12%. This step transforms lending into an instrument for accelerating the development of problem territories.

In parallel, programme limits and target areas are being expanded. In all districts, the maximum size of concessional loans is increased by 1.5 times, from $2.7 ths to $4.1 ths. To support this decision, an additional $165 mn is added to the planned $297 mn.

Overall, the 2026 credit policy is shaped as a targeted development mechanism, a managed conversion of credit into employment, income, and local growth.

Institutional changes in system governance

A number of institutional changes are also envisaged to enhance the effectiveness of all governance levels involved in mahalla development.

Work in mahallas is moving away from an administrative-intermediary model and is being structured around specific projects. In this framework, the hokim’s assistant acts as a territorial development manager responsible for implementing project solutions.

To ensure integrated project governance, multi-level coordination is being introduced. Initiatives proposed by hokims’ assistants are paired with regional bankers; the first deputy hokim of the region provides operational oversight; and the “Reform Headquarters” supervises issues requiring inter-agency solutions. From February, a system of training hokims’ assistants in project management will be launched, starting with “difficult” mahallas. Each district will form a project portfolio followed by a transition to practical implementation.

One hundred “difficult” mahallas that demonstrate the best performance in job creation, income growth, and poverty reduction will receive an additional $82.5 ths each. Hokims’ assistants from these mahallas will be able to upgrade their qualifications in China, Turkiye, South Korea, and Malaysia.

In this context, work on developing mahalla master plans is being intensified. International experts are being engaged, alongside the potential of domestic universities. Final-year students in architecture programmes will be able to participate in the development of “difficult” mahallas, with the best projects being supported by state grants.

Overall, the institutional changes formalize a shift from a universal approach to a differentiated territorial policy.

Resource redistribution is justified by the structure of the economy: 62% of industrial production and 57% of services are concentrated in 50 districts and cities with high entrepreneurial potential. Growth in their budget revenues creates an opportunity to concentrate state efforts on problem territories.

This is evident from revenue dynamics: three years ago, additional local budget revenues in these 50 territories amounted to $72.2 mn, while in the current year they are expected to increase 8.5 times, to $610.5 mn.

As a result, greater attention can be directed to “difficult” districts and mahallas, where poverty and unemployment are territorially concentrated.

Conclusion

The decisions and instruments for 2026 demonstrate that Uzbekistan’s social policy is moving beyond traditional resource redistribution toward a model of managed territorial development. The new model rests on three interlinked pillars.

First, the concentration of infrastructure resources in “difficult” districts and mahallas, with the creation of long-term local assets, reduced household costs, and enhanced energy resilience.

Second, the expansion of employment based on comparative advantages and deeper territorial specialization, supported by financial incentives, access to credit, and solutions along value chains.

Third, institutional recalibration of governance, where a project-based approach and multi-level coordination align resources, responsibility, and measurable outcomes.

The essence of the current phase is that targeting becomes a technology focused on “difficult” territories. Exiting poverty is understood as an individual household trajectory, in which local conditions, skills, and infrastructure are decisive. The “Mahalla Seven” and the institution of hokims’ assistants serve as the connecting link, ensuring coordination and feedback until results are achieved.

Khurshed Asadov,
Deputy Director of Center for Economic Research and Reforms

The exhibition will bring together more than 100 companies and brands from 12 countries.

The specialised international exhibition of the beauty, cosmetology, and perfumery-cosmetics industry – Beauty Uzbekistan 2026 – will take place from April 28 to April 30 at the CAEx Uzbekistan exhibition complex in Tashkent.

Beauty Uzbekistan is a professional B2B exhibition that brings together manufacturers and distributors of cosmetic products, aesthetic medicine specialists, retail representatives, salon business owners, and professionals in the personal care sector. The exhibition provides direct access to leading global brands, innovative products, and cutting-edge technologies, while offering valuable opportunities to establish business connections, and gain early insight into key trends in the beauty industry.

The exhibition will feature more than 100 companies and brands from 12 countries: Azerbaijan, China, Georgia, Italy, Kyrgyzstan, Republic of Korea, Poland, Russia, Sweden, Spain, UAE, and Uzbekistan. National pavilions from the Republic of Korea and Poland will showcase advanced beauty industry solutions and the export potential of these countries.

According to the organizers, the main sections of the exhibition are:

- Beauty Uzbekistan – covering the full spectrum of the perfumery and cosmetics industry, including makeup and skincare cosmetics, fragrances, personal care products, and hair industry products.

- Beauty Derma Central Asia – a dedicated segment focused on aesthetic medicine, device-based cosmetology, and anti-ageing solutions. This section of the exhibition will present advanced technologies for clinics and industry professionals, including injectable treatments, as well as next-generation laser and energy-based technologies.

Traditionally, the exhibition will feature a comprehensive business programme, including specialised seminars, expert-led sessions, and professional discussions.

Dedicated programme segments will address key developments in aesthetic medicine, balneology, and SPA industry, including scientific approaches in aesthetic medicine (CYTOLIFE / MedTenderGroup, Russia), as well as advanced solutions in balneological equipment and hydrotherapy technologies (Physiotechnika, Russia).

A specialised session on fragrance solutions presented by the Swiss Company LUZI may be of particular interest to industry professional and household chemical manufacturers.

Beauty Uzbekistan 2026 is more than just an exhibition — it is a dynamic professional platform where business, medicine, technology, and the latest beauty trends converge. 

The event is organised by Iteca Exhibitions, an international exhibition company, in partnership with ICA Eurasia Group, informed that one can register to visit the exhibition on the website: www.beautypro.uz.

IA “Dunyo”

Libraries play a key role in education, culture, and community development, providing an invaluable resource for accessing knowledge, preserving cultural heritage, and promoting intellectual growth. In the modern information society, they remain an important institution that promotes the education and self-development of people of all ages.

President Shavkat Mirziyoyev emphasised during the opening ceremony of the People's Library under the President of the Republic of Turkey in Ankara: “Intellectual potential, high morale is what makes a nation strong. The source of this invincible power is books and libraries – the great invention of mankind”.  

At the present stage, education has become one of the most important areas of state policy. The government of the Republic of Uzbekistan pays special attention to the development of this sphere, recognizing its key role in the prosperity of the country. In recent years, the republic has achieved significant success in the educational domain. These achievements are aimed at modernizing the system, improving the quality of education and training, and expanding access to education for all citizens of the country.

At the same time, special attention is paid to the promotion of reading and the fostering of the reading culture of the population. And in the Presidential Decree adopted on September 13, 2017, “On the program of comprehensive measures to develop the system of publishing and distributing book products, improving the culture of reading”, clear goals are outlined for the creation of an effective system of information and library services to the population, which served to move this area to a new stage of development and contributed to raising the level of social and information culture and the role of libraries, made it possible to develop and implement modern innovative and educational technologies that increase the competitiveness of Uzbekistan in the world market.

In addition, the Presidential Decree “On further improvement of information and library services for the population of the Republic of Uzbekistan” was adopted on June 7, 2019. The main goals of the decree are:

• improving the regulatory framework in order to ensure high-quality social guarantees to the population for information and library services;
• development of information and library institutions taking into account modern requirements;
• promoting the sustainable development of information and library services the for population in the regions;
• strengthening the material and technical base of information and library institutions;
• development of public-private partnerships in the library sector, a network of private and electronic libraries;
• expanding cooperation with Internet resources that specialize in distributing electronic books to improve the efficiency of libraries and the efficiency of servicing (including paid) users;
• ensuring the safety of information and library institutions and the safety of information and library collections as part of the national and world cultural heritage;
• formation and enhancement of the information culture of society, sustainable interest in national history and culture, enhancement and promotion of a reading culture;
• staffing information and library institutions with qualified specialists.

The adoption of this decree expands the range of services in the country, including access to electronic resources and holding cultural and educational events, as well as improving staff qualifications and introducing modern methods of user service. In addition, these changes not only contribute to the development of the information society and economic growth by attracting investment in education and culture, but also promote the formation of a literate and informed society, which is an important step in the development of the country.

The Resolution of the Cabinet of Ministers dated December 14, 2020 approved the National Program for the Development and Support of a Reading Culture for 2020-2025, which includes the publication of quality books that meet the spiritual, educational, artistic and aesthetic needs of the population; supporting the activities of publishers and artists, publishing children's literature; translation of the best examples of national and world literature; simplification of the organization of book sales; improving the delivery system for newly published books and distribution of information sources; expansion of international cooperation in the field of online ordering of foreign work, their delivery and distribution.

In turn, it should be noted that within the framework of the “Uzbekistan - 2030” Strategy, special attention is paid to the popularization of masterpieces of Uzbek and world literature. The country's leadership strives to instil in citizens a love of reading and ensure access to libraries and information services for everyone.

The Strategy “Uzbekistan - 2030” puts forward such main goals as increasing the number of young book lovers to five million, the annual creation of 100 works of art and 50 books for children and adolescents, the publication of the multi-volume book “Uzbek adabiyoti khazinasidan” (“From the Treasury of Uzbek Literature”), the 100-volume book “Jakhon Bolalar Adabiyoti Durdonalari” (“Pearls of World Children’s Literature”) in Uzbek, as well as the digitalization of a book fund of almost 40 million books.

On November 28, 2023, there was signed the Presidential Decree “On measures to implement the project “A Thousand Books for Youth”, aimed at creating a system for translating books popular in the world into Uzbek, that contribute to increasing the intellectual and scientific potential of the younger generation.

At the same time, within the framework of the “Olympiad of Five Initiatives”, the following 5 projects in the field of reading and intellectual games are annually implemented: “Young Reading Family”, “Poetry Competition”, “Young Reader”, the intellectual game “Zakovat” and the project “Example of Foreign Languages”. These projects increase the interest of young people in reading books and help expand logical thinking and knowledge through intellectual games.

The “Young Reader” and “Young Reading Family” competitions are important events held to promote reading, the spiritual enrichment of youth, and increase their intellectual potential. This competition serves to increase interest in books among young people and expand their knowledge and horizons.

Also, within the framework of the project “A Thousand Books for Youth”, the Agency for Youth Affairs will have to work on acquiring rights to use works from authors, translating them into Uzbek, and preparing for printing and publishing books on the basis of a state order and at the expense of the State budget (with the exception of books, published for state higher educational institutions).

Two stages have been established for translation into Uzbek and the publication of popular books in the world. First: a preliminary list of books is formed annually by the Expert Council. Second: the preliminary list is posted in the information systems of the Agency for Youth Affairs for selection by the population by voting, and thus the final list is formed.

The list of books published annually must include at least 20 percent of popular science works. The rights to the works prepared for publication will belong to the Agency for Youth Affairs, which will provide them free of charge to publishing houses.

It is also planned to create and ensure the continuous operation of a special mobile application that accumulates literature in the Uzbek language and provides the population with free access to a wide range of information. On the recommendation of the Expert Council, the works will be distributed to information and library institutions (including libraries of public and administration authorities), and electronic versions will be donated free of charge to the Alisher Navoi National Library of Uzbekistan and the relevant institutions of the Academy of Sciences of the Republic of Uzbekistan for wide use by readers.

The necessary spiritual, legal, material, and technical basis has been created in the Republic to develop children's literature and improve the quality of textbooks and teaching aids. The country's publishing houses have increased the publication of works by authors of world and Uzbek children's literature. In accordance with a number of documents adopted to promote book reading, systematic measures are being taken in all regions to popularise literature among children and adolescents. Over the past four years, a number of presidential decrees and government resolutions have been adopted to guide the country's publishing, printing, and bibliographical information institutions.

Thus, bibliographical information services play a critical role in ensuring public well-being by providing citizens with easy access to information, knowledge, and culture. In addition, the development of digital services, collaboration with communities, and the use of new technologies strengthen the role of libraries as centres of learning, information, and communication. This helps to enhance the capabilities of people and stimulates their desire for education. The development of the potential of information and library services contributes to lifelong learning, self-improvement, cultural and spiritual enrichment of the population. This is of crucial importance for modern society.

Ramzidin Nuridinov

Expert of the Development Strategy Center.

At the invitation of President of the Republic of Uzbekistan Shavkat Mirziyoyev, President of Mongolia Ukhnaagiin Khurelsukh will pay a state visit to our country on June 23-26.

In accordance with the program of the high-ranking guest's stay, it is envisaged to hold high-level talks in Tashkent, during which issues of further expansion and strengthening of Uzbek-Mongolian relations of friendship and multifaceted cooperation will be considered.

In particular, the agenda includes plans to develop constructive political dialogue and inter-parliamentary contacts, increase bilateral trade turnover, implement cooperation projects in mining, agriculture, livestock, light industry, healthcare, transport, logistics and other areas. Joint measures aimed at boosting cultural, humanitarian and tourist ties will also be discussed. There will be an exchange of views on international issues.

A package of intergovernmental and interdepartmental documents will be signed following the results of the summit.

As part of the program of the state visit, the leaders of the two countries will meet with representatives of leading companies and business circles, and a number of other bilateral events will be held.

Mongolian President Ukhnaagiin Khurelsukh will also visit Khiva, where he will familiarize himself with the rich cultural and historical heritage of our people.

The text of the article is in Uzbek!