President of Uzbekistan Shavkat Mirziyoyev will pay a state visit to Georgia on July 2-3

Bilateral relations between Uzbekistan and Georgia are underpinned by profound, centuries-old historical ties, and are undergoing a systematic, dynamic evolution across the political, economic, cultural and humanitarian spectrums in the contemporary era.

Two nations are bound not only by ancient trade routes but also by a comprehensive cooperation firmly anchored in mutual respect, trust, and a profound alignment of strategic interests. In recent years, high-level exchanges, substantial expansion of trade and economic ties and intensification of cultural exchange have successfully elevated bilateral relations to a qualitatively new and historic milestone.

Diplomatic relations between Uzbekistan and Georgia were established on August 19, 1994. Since then, the political dialogue between the two sovereign states has consistently and progressively advanced. In September 1995, Treaty of Friendship and Cooperation was signed, serving as the foundational legal instrument underpinning bilateral relations.

In recent years, regular engagements between Heads of State and Government have substantially enhanced the foundation of bilateral political trust. In particular, between 2022 and 2025, a profound impetus was imparted to the expansion of comprehensive cooperation through reciprocal official visits by the Prime Ministers of both nations, high-level presidential dialogues, sessions of the Joint Intergovernmental Commission and institutionalized political consultations between the respective Ministries of Foreign Affairs.

On March 5^th, 2025, President of Uzbekistan received a high-level delegation led by the Prime Minister of Georgia, Irakli Kobakhidze, who arrived in our country on an official visit. During the meeting, the sides comprehensively reviewed matters pertaining to the further expansion of mutually beneficial cooperation across the trade, economic, investment, transport, logistics, tourism and cultural dimensions. It was noted with profound satisfaction that institutional contacts at the parliamentary and governmental levels of the two nations have intensified significantly.

Inter-parliamentary cooperation is likewise undergoing a consistent and progressive evolution. Concurrently, an inter-parliamentary cooperation group dedicated to fostering relations with the Parliament of Georgia functions actively within the Legislative Chamber of the Oliy Majlis. Furthermore, representatives of Georgia routinely participate as international observers in the presidential and parliamentary elections conducted within Uzbekistan.

A free trade regime operates between the two nations, serving as a catalyst for the sustained growth of reciprocal trade turnover. Over the past five years, the volume of bilateral trade has increased two and a half times, accompanied by a rise in the number of joint ventures and a substantial expansion in the volume of cargo transportation.

Furthermore, a digital bank established with the participation of Georgian investors is operating successfully within Uzbekistan.

Furthermore, in June 2025, “Made in Uzbekistan” National Exhibition was organized in Tbilisi, featuring the active participation of over one hundred premier Uzbek enterprises representing the textile, electrical engineering, pharmaceutical, food processing, mechanical engineering and other pivotal industrial sectors.

Matters of transit, transport, and logistical interaction occupy a distinctive place within the architecture of bilateral cooperation. In June of the current year, the official opening ceremony of the modernized Baku - Tbilisi - Kars railway was hosted in the city of Akhalkalaki. In the strategic perspective, the seamless integration of this transport corridor with the construction of the China - Kyrgyzstan - Uzbekistan railway will substantively reinforce the comprehensive transit potential of our respective nations.

Cultural cooperation between Uzbekistan and Georgia is likewise anchored in rich, enduring traditions. Cinema days, cultural festivals, as well as institutional events in the spheres of science and education, are organized on a regular basis.

In the preceding year, Days of Uzbek Culture and Cinema were successfully hosted in Tbilisi, while in the current year, Days of Georgian Culture were celebrated with grand success in Tashkent.

One of the enduring symbols of the profound bonds of friendship uniting the two sovereign states is a central avenue in the capital of Uzbekistan, which proudly bears the name of the eminent Georgian poet Shota Rustaveli, alongside a monument erected in his honor.

Concurrently, in 2025, by the decree of the Tbilisi City Assembly, a prominent central park in the capital of Georgia was officially named after the great Uzbek poet and thinker Alisher Navoi. This monumental gesture stands as a vivid testament to the deep, reciprocal reverence that both nations possess for each other's rich history and cultural heritage.

Today, direct air services operating on the Tashkent - Tbilisi and Tashkent - Batumi routes serve to further catalyze the robust expansion of tourism and business linkages between the two nations.

At present, approximately four thousand citizens of Georgian heritage reside in Uzbekistan. Furthermore, since 1994, the Georgian Cultural Center “Megobroba” ("Friendship") has successfully functioned in Tashkent, contributing significantly to the preservation and promotion of their distinct cultural identity.

It should be noted that the relations between the peoples of Uzbekistan and Georgia trace their roots back to deep antiquity. Ancient authors historically documented the existence of trade linkages between Khwarazm and Colchis, which were actively maintained along Amu Darya river and across the Caspian Sea.

Following the establishment of the Great Silk Road, particularly from the 6^th century onward, one of the most critical commercial routes connecting the Caucasus and the Byzantine Empire traversed through Samarkand, Bukhara and Khwarazm. Furthermore, in Shota Rustaveli’s renowned 12^th-century epic poem, Knight in the Panther's Skin, explicit reference is made to Khwarazm. This compellingly demonstrates that deep-seated historical, cultural and trade linkages actively existed between Georgia and Central Asia as early as the Middle Ages.

In subsequent periods, representatives of the Georgian people likewise took an active part in the public life of Uzbekistan, among whom were prominent entrepreneurs, architects, scientists, cultural figures and medical professionals. Distinct symbols of the enduring friendship between the two nations include the entrepreneur George Tsintsadze, under whose initiative the renowned “Colosseum” Theater was constructed in Tashkent, as well as Academician Edvard Rtveladze, who rendered an monumental contribution to the development of archaeological science in Uzbekistan.

The scientific heritage of Academician Edvard Rtveladze merits profound and distinctive attention. Hundreds of his scholarly works dedicated to the comprehensive history of Uzbekistan and the thorough examination of Great Silk Road, alongside groundbreaking research that successfully established the precise location of the ancient settlement in the Surkhandarya region, have garnered widespread international acclaim and constitute a monumental contribution to global historical science.

In conclusion, it should be emphasized that amidst the complexities of the contemporary international landscape, relations between Uzbekistan and Georgia continue to systematically evolve on the basis of unwavering mutual trust, open dialogue, and pragmatic cooperation. The steadfast political will of the Leaders of the two states, the dynamic expansion of economic and humanitarian linkages, and a rich historical heritage serve as a solid foundation for the further reinforcement of the mutually beneficial partnership between the two nations.

There is no doubt that such large-scale interaction, regular engagements, and constructive dialogue will continue to facilitate the expansion of comprehensive cooperation in the fields of trade, transport, investments, tourism, culture, and other domains, thereby forging a reliable foundation for the further progressive development of Uzbek-Georgian relations.

Dunyo IA

Official visit of the President of Uzbekistan to Belarus begins on July 8^th

On July 8–9^th, President of Uzbekistan will pay an official visit to Belarus.

Contemporary stage of Uzbek-Belarusian relations is characterized by steady positive dynamics and the sequential expansion of cooperation across a broad spectrum of dimensions.

Diplomatic relations between the two nations were established on January 21st, 1993. Embassy of Belarus in Tashkent has been operational since February 1994, while the Embassy of Uzbekistan in Minsk was established in October 2017 and commenced full-scale operations in March 2018. Over the intervening years, the sides have formulated a substantial legal and regulatory framework and accumulated significant experience of interaction in the political, economic and humanitarian spheres.

Legal and regulatory framework of Uzbek-Belarusian cooperation encompasses virtually all areas of bilateral interaction. Currently, 126 bilateral documents have been signed between Uzbekistan and Belarus, regulating cooperation in the fields of trade, investment, industrial cooperation, transport, education, culture, science, healthcare and interregional interaction.

Foundational document is the Treaty on the Principles of Interstate Relations, signed in Tashkent on November 6, 1991, which serves as the legal basis for the development of the Uzbek-Belarusian partnership and reaffirms the parties' commitment to the principles of sovereign equality, mutual respect and due consideration of mutual interests.

Political dialogue remains the key cornerstone of the Uzbek-Belarusian partnership. Regular contacts at the highest and high levels contribute to strengthening mutual trust and the sequential development of bilateral relations. From 1991 to 2026, President of Belarus Aleksandr Lukashenko, visited Uzbekistan six times, including official visits in 1994, 2018 and 2024. A significant milestone in the development of bilateral cooperation was marked by the official visit of the President of Uzbekistan to Belarus on July 31st – August 1st, 2019.

Intergovernmental cooperation constitutes an essential element of bilateral interaction. Between 2022 and 2026, a series of reciprocal visits by the Prime Ministers of Uzbekistan and Belarus took place, during which matters of trade and economic cooperation, industrial partnerships, logistics and the implementation of joint investment projects were discussed.

An important component of Uzbek-Belarusian interaction is inter-parliamentary cooperation, which in recent years has acquired a more systematic and practice-oriented character. A special place in the structure of inter-parliamentary cooperation is occupied by the Uzbek-Belarusian women's business forums, which have become an effective platform for the development of business contacts, support for entrepreneurial initiatives and the expansion of humanitarian ties.

Economic interaction remains one of the key areas of the Uzbek-Belarusian partnership and demonstrates a steady positive dynamic. Despite the complex international economic environment, the sides manage to consistently increase the volume of mutual trade, expand investment cooperation and strengthen industrial cooperation.

In recent years, trade turnover between Uzbekistan and Belarus has increased more than fivefold - from 181.7 million dollars in 2017 to a record 965 million dollars at the close of 2025. This positive dynamic persists in the current year. Following the results of January - April 2026, volume of reciprocal trade reached 340.4 million dollars, representing a nearly one-third increase compared to the same period last year.

Structure of mutual trade is characterized by a high degree of diversification. Belarus supplies Uzbekistan with food products, machinery and equipment, vehicles, chemical products, and raw materials, whereas Uzbekistan exports industrial and food commodities, finished products, services and processed goods.

Investment cooperation also makes a substantial contribution to the development of bilateral ties. Currently, 244 enterprises with the participation of Belarusian capital operate in Uzbekistan, while 229 companies with the participation of Uzbek business are functional in Belarus. In 2025, the volume of Belarusian investments attracted into the economy of Uzbekistan amounted to 104.4 million dollars. The coordination of economic interaction is ensured by the Intergovernmental Commission on Bilateral Cooperation, established in 2001.

An important factor in strengthening Uzbek-Belarusian relations is the development of direct ties between the regions of the two countries, which facilitates the translation of agreements reached at the political level into concrete economic, investment and humanitarian projects.

Since 2017, more than forty mutual visits of regional delegations from Uzbekistan and Belarus have taken place. Active exchange of visits facilitates the expansion of contacts between local authorities, business circles and public organizations. A special place in the development of interregional cooperation is occupied by the Forums of Regions, which are traditionally held within the framework of official visits of the heads of state and are accompanied by national exhibitions, presentations of investment potential and the signing of cooperation agreements.

Cultural and humanitarian cooperation remains one of the important areas of the bilateral agenda, contributing to the strengthening of friendship, mutual understanding, and the expansion of educational, scientific and cultural exchanges.

Cultural exchanges represent a significant direction of cooperation. Creative groups from Belarus regularly participate in the “Sharq Taronalari” International Music Festival in Uzbekistan, while representatives of Uzbek culture perform at Belarusian venues, including the “Slavianski Bazaar in Vitebsk” International Festival of Arts. Days of Culture of the two countries are regularly held on a mutual basis.

Monuments dedicated to prominent figures of the two nations hold symbolic value for strengthening cultural ties. In 2018, a bust of the classic of Belarusian literature Yakub Kolas was unveiled in Tashkent, and in 2019, a monument to the great Uzbek poet and thinker Alisher Navoi was installed in Minsk, serving as a clear testament to the mutual respect for the historical and cultural heritage of both states.

Cooperation in the field of education and professional training is developing dynamically. An important step was the establishment of the Belarusian-Uzbek Intersectoral Institute of Applied Technical Qualifications in Tashkent. Double-degree programs are being implemented between the universities of the two countries, while forums of rectors of engineering and technical universities, along with professional and educational forums, facilitate the expansion of academic interaction and the conclusion of cooperation agreements between educational institutions.

Cooperation in the fields of science, cinematography, and tourism is expanding. Days of Uzbek Cinema are regularly held in Belarus, and Days of Belarusian Cinema in Uzbekistan, with representatives from both countries participating in international film festivals. Interaction between tourism organizations is also growing, including within the framework of specialized forums and presentations of the tourism potential of both states.

Cooperation in the field of healthcare is an intensively developing area of bilateral interaction. In 2023, the first medical forum “Healthcare and Medical Education Days Uzbekistan – Belarus” took place, resulting in the signing of more than 120 agreements aimed at expanding partnerships between medical institutions, exchanging experience and implementing modern technologies.

Belarusian diaspora living in Uzbekistan plays a special role in strengthening humanitarian ties. Today, there are approximately 18 thousand ethnic Belarusians in the country. A significant contribution to the preservation of national culture and the development of public diplomacy is made by the “Svitanak” Belarusian Cultural Center in Tashkent and the Belarusian Cultural Center in Angren.

Thus, Uzbek-Belarusian relations are characterized by steady development across key areas of interaction. The high level of political dialogue, expansion of trade and economic cooperation, development of interregional ties, and humanitarian interaction create a solid foundation for the further deepening of a partnership that meets the long-term interests of both countries.

At the beginning of the 20th century, the Aral Sea was the largest lake in Central Asia. Starting from the second half of this century, as a result of the drying up of the sea, a new desert ecosystem-the Aralkum Desert-was formed at its bottom. This area is currently considered one of the largest anthropogenic desert ecosystems in Central Asia. As a result of the decrease in sea level, more than 60,000 km² of wetlands have turned into land. 

The ecological changes occurring in this region have had a significant impact not only on the climate and soil composition but also on biological diversity. As a result, the distribution area of species adapted to wetland ecosystems has sharply decreased. At the same time, the Aralkum Desert, which emerged between the Ustyurt Plateau and the Kyzylkum Desert, led to the formation of a new bird community as a unique and unique desert ecosystem. Therefore, the scientific study of the state of the desert ecosystem formed on the dried seabed and its ornithological fauna, the distribution of species across the biotopes of these ecosystems, and adaptation mechanisms is of urgent importance.

In accordance with this, the Institute of Zoology of the Academy of Sciences of the Republic of Uzbekistan Scientific research is being conducted within the framework of the applied project AL-9424104883-R1 on the topic “Current state of the Aralkum avifauna, species adaptation to environmental changes, and conservation measures”. This project was deemed suitable based on the competition requirements announced by the Agency for Innovative Development under the Ministry of Higher Education, Science and Innovation within the framework of the 94th round and has been funded by the Fund for Financing Science and Supporting Innovation since the second half of 2025. The goal of the project is to identify important areas and biotopes for the ornithological fauna of the Aralkum Desert, to study species diversity, adaptation to environmental changes, biological characteristics, and distribution.

In accordance with the calendar plan of this applied project, a field expedition to the Aralkum Desert in the territory of Muynak district of the Republic of Karakalpakstan was carried out in October–November 2025. Ornithological studies were conducted in areas divided into 10 × 10 km grid cells using the ArcGIS software. A total of 68 grid cells were surveyed using transect and point count methods. Out of these, pedestrian transect observations were conducted in 56 grid cells, with a total length of 140 km. In the remaining 12 grid cells, point count observations were carried out. The grid-based approach to studying the area is important for identifying patterns in the distribution of birds across biotopes and for revealing their association with specific landscape elements.

As a result of scientific research conducted to date, it has been established that the Desert ecosystem formed on the dried seabed incorporates the following biotopes:

Saline deserts are characterized by high salt concentrations; specific species of halophytic plants predominate here.

Sandy deserts consist of wind-driven barchans, semi-fortified, and fortified sands, in which ephemerals, perennial herbs, semi-shrubs, and shrubs are found.

Stony and gravelly deserts cover ancient islands in the central part of the Aralkum Desert and adjacent territories.

Clay deserts are open plains in the western and southwestern parts of the Aralkum Desert.

Hills and chinkes include ancient coastal walls and adjacent hills in the western and northern parts of the Aralkum Desert.

Furthermore, in the northwestern part of this territory, there is a remnant of the Aral Sea preserved as a natural lake, as well as a number of artificial basins formed by drainage and collector waters in the southern regions, which are of great importance to hydrophilic birds as a biotope for wetlands.

During the field studies, data were collected on the autumn diversity, distribution, and abundance of 91 bird species belonging to 12 orders and 26 families across 6 types of biotopes. Among the recorded bird species, 13 species - Cygnus olor, Cygnus cygnus, Phoenicopterus roseus, Falco cherrug, Haliaeetus albicilla, Aegypius monachus, Circus macrourus, Aquila nipalensis, Aquila heliaca, Aquila chrysaetos, Chlamydotis macqueenii, Limosa limosa, and Glareola nordmanni — are included in the Red Data Book of the Republic of Uzbekistan. Additionally, 9 species are included in the International Union for Conservation of Nature (IUCN) Red List, 17 species in the Annexes to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), and 28 species in the Annexes to the Convention on the Conservation of Migratory Wild Animals (CMS).

The research results showed that the areas of the Aralkum Desert with the highest ornithological fauna diversity correspond to sandy desert biotopes formed parallel to the chink, bordering the eastern part of the Ustyurt Plateau. This biotope was formed at the boundary of desert and steppe ecosystems, characterized by diverse vegetation and favorable habitat conditions for birds belonging to various ecological groups.

It was also found that hills and chins are of particular importance as favorable habitats for many species during the autumn season. In the remaining parts of stony and gravelly deserts and sandy deserts, highly specialized species for living in arid conditions were observed, while in saline and clay deserts, species diversity was noted to be at a minimum level.

Research has shown that the remnants of the Aral Sea, preserved as a natural lake, are of relatively low importance for waterfowl and waterfowl; conversely, artificial reservoirs in southern regions serve as an important wetland habitat for hydrophilic birds.

The Aralkum desert, formed on the dried bed of the Aral Sea, emerged as a unique new desert ecosystem within a short historical period. Conducted studies have shown that various biotopes have formed in this area, directly influencing the distribution and diversity of birds. The highest ornithological diversity was observed in sandy desert biotopes, while this indicator was low in saline and clay areas. The research results serve as an important scientific basis for identifying important habitats for birds in the Aralkum region and developing measures for their protection.

Institute of Zoology of the Academy of Sciences of
the Republic of Uzbekistan

This May, Baku will serve as the world's leading platform for discussions on the future of cities. From May 17 to 22, the capital of Azerbaijan will host the 13th Session of the World Urban Forum – the United Nations' leading global forum on sustainable urbanization. The forum's theme is "Housing for All: A Better Urban Future." Organizers indicate that the forum will address both the global housing crisis and the broader impact of housing on building inclusive, resilient, and climate-adapted urban environments.

According to UN-Habitat, nearly 3 billion people worldwide currently lack access to safe and affordable housing, more than 1.1 billion live in informal settlements or slums, and over 300 million are entirely without shelter.

For Uzbekistan, participation in this forum represents an opportunity to present its unique model of urban transformation to an international audience. Having moved beyond its image as a predominantly agrarian republic with ancient historic cities, the country today projects a new reality – expanding agglomerations, large-scale infrastructure modernization, and the growing significance of regional centers.

According to the National Committee on Statistics, as of January 1, 2026, the permanent population of the Republic of Uzbekistan exceeded 38 million, with the urbanization rate reaching 51 percent, representing nearly 20 million urban residents.

These figures mark a significant historical milestone. Uzbekistan has entered a stage in which national strength is measured not only by the throughput capacity of export corridors or the number of industrial zones, but also by the quality, connectivity, environmental sustainability, and economic productivity of its cities.

In contemporary Uzbekistan, a city is no longer merely an administrative unit. It is a place where young people receive education, entrepreneurs launch businesses, families seek affordable housing, and the state tests new approaches to infrastructure, transportation, and territorial governance. Rapid urbanization, however, is frequently perceived as a source of risk.

Indeed, when a city grows faster than its engineering networks, transportation arteries, and social infrastructure – schools, hospitals, parks –it begins to generate social tension rather than opportunity.

The Uzbek experience, however, is of particular interest precisely because urbanization is increasingly treated as a manageable resource for development. This process encompasses not only the construction of new districts, but also a transition toward a fundamentally higher quality of urban environment.

As the President of Uzbekistan has noted, each 1-percent point increase in the urbanization rate generates at least 1 percent of additional economic growth, with commensurate increases in investment flows, business and startup activity, and labor productivity. For this reason, Uzbekistan is developing a unified approach to the sustainable management of urbanization across the country.

To this end, the National Committee on Sustainable Urbanization and Housing Market Development has been established, tasked with implementing state policy in the areas of urbanization, housing construction, urban renewal, and mortgage lending. The Committee will also coordinate and advance programs across these domains.

The Future of Uzbekistan's Cities

According to World Bank projections, more than half of Uzbekistan's population currently resides in cities, and this share could exceed 60% by 2050. Such a trajectory means that urban planning, transportation, waste management, utility services, and public spaces are no longer merely matters of convenience –they are becoming a key determinant of national competitiveness.

This is where the core analytical insight lies: for Uzbekistan, urbanization is not a byproduct of demographic growth but a powerful lever of modernization whose economic rationale is abundantly clear. Quality infrastructure stimulates labor mobility, a livable urban environment attracts investment and talent, and the development of regional centers alleviates pressure on the capital.

While Tashkent naturally plays a pivotal role as the primary center of gravity, the country's sustainable development requires a deliberate shift of focus toward other cities.

Supported by the Asian Development Bank, cities such as Jizzakh, Khavast, Khiva, and Yangiyer are emerging as anchor points of this new geography, where projects for modern and inclusive infrastructure are being implemented. These cities exemplify the transformation of regional centers from peripheral locations into autonomous hubs of growth.

This approach fundamentally reframes the development philosophy. At its core lies not simply the decongestion of Tashkent, but a comprehensive strategy for creating genuine alternatives in the regions –with new employment opportunities, public spaces, transportation connectivity, a business-enabling environment, and high-quality municipal services.

To give powerful impetus to entrepreneurship in the regions, establish production of high value-added goods, and introduce urban living standards and conditions in rural mahallas, a program has been approved for the creation of 33 model districts and cities embodying the "New Uzbekistan" vision. The strategic objectives set by the President of Uzbekistan in this domain are ultimately aimed at transforming the architectural character of New Uzbekistan, while ensuring a dignified standard of living for the population and confidence in the future.

All of these measures are critically important for a country with a predominantly young population, since relocation to the capital must not be perceived by young people as the only viable path to self-fulfillment. In this sense, second-tier cities offer a new life scenario –education, employment, business, and a dignified existence without having to leave one's hometown.

Large-scale investment is being mobilized to realize this potential. In December 2025, the World Bank approved a financial package for Uzbekistan totaling $250 million. The funds will be directed toward improving municipal infrastructure and urban services in 16 districts and cities. The program covers territories with a combined population of approximately 3.6 million people and is expected to directly improve living conditions for roughly 1 million people by 2030. Among the anticipated outcomes are improved transportation access for 300,000 residents, the development of parks and public spaces for 400,000 residents, and the creation of approximately 10,000 temporary jobs in the construction sector.

Uzbekistan's Positive Achievements in Urban Development and Urbanization

Those figures matter not merely as investment statistics. They demonstrate that urban infrastructure is a form of social policy.

A compelling illustration of this principle is the experience of the Aral Sea region, which can be presented as a practical case study in implementing new approaches to territorial adaptation, water resource management, community support, and climate risk mitigation.

It is here that questions of urbanization acquire particular depth. How does one develop settlements in an ecologically vulnerable zone? How does one create employment where the natural environment has suffered severe degradation? How does one integrate afforestation, water security, public health, infrastructure, and the local economy into a coherent whole?

The answers to these questions are relevant not only for Uzbekistan. They hold lessons for many regions of the world where climate change, land degradation, and water scarcity are already affecting urban quality of life. Indeed, the story of Uzbek urbanization is significant not only as a national case study, but as a reflection of a broader strategic shift underway across Central Asia.

This shift marks a move beyond the traditional perception of the region through the prism of geopolitics, energy, raw materials, and transportation corridors. Today, the relevant question is framed differently: what will the cities of Central Asia look like?

Will they simply expand, consuming land and overstretching infrastructure? Or will they evolve into spaces where economic growth is reconciled with environmental responsibility, affordable housing, public transportation, green zones, and meaningful civic participation?

Uzbekistan stands precisely at this crossroads. Its advantages lie in its scale, demographics, and growing attention to regional development. Its challenge is to ensure that the quality of urban planning keeps pace with rapid urban growth.

In this sense, Baku –as host of the World Urban Forum –becomes a symbolic platform for the entire region. For Uzbekistan, it is an opportunity to demonstrate that its urbanization agenda carries both national and international significance. The country has the potential to offer the world a pragmatic yet human-centered approach –one in which the region functions not only as an economic node, but also as a mechanism of social resilience.

Altogether, Uzbekistan today stands on the threshold of the most ambitious urbanization reforms in its history. The new strategic plan envisions decisive measures aimed at supporting demographic growth and improving the welfare of the population. This is the central meaning of Uzbekistan's new urbanization.

Tursunboy Zikirov and Alisher Nizamov,

Heads of Departments,

The Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan

Uzbekistan’s total external debt amounted to $75.4 billion as of October 1, 2025.

According to the Ministry of Investment, Industry and Trade of Uzbekistan (MIIT), $37.4 billion of this amount accounts for the government’s external debt.

It is important to note that the issue of investment and external financing always attracts interest and raises questions. This is natural, as society wants to understand where resources come from and what results the country achieves.

The key principle here is simple: the purpose of attracting investment and resources is to improve living standards. This is not about “impressive reports” or “eye-catching figures,” but about tangible improvements felt in everyday life-jobs and household incomes, infrastructure, access to clean water, energy and transport, and quality social services.

The economic logic is also clear: for the economy to grow faster, resources are needed- capital, technology, equipment, and new markets. If a country stops attracting resources, growth slows down: fewer jobs are created, it becomes harder to modernize logistical and social infrastructure, expand water supply, and ensure affordable energy.

Therefore, Uzbekistan is consistently working to attract investments - to accelerate economic development, boost GDP, and ultimately improve both the quality and longevity of life. Notably, since 2020, life expectancy has shown steady growth - from 73.4 years to 75.1 years in 2024.

At the same time, what matters to people are not slogans, but measurable results - changes that can be seen and assessed.

By structure, Uzbekistan’s total external debt as of October 1, 2025, amounted to $75.4 billion. Of this, $37.4 billion is government external debt, while the remaining $38 billion consists of borrowings by private and state-owned enterprises without a government guarantee (corporate debt).

Notably, according to international classifications, Uzbekistan’s government debt level is regarded as moderate and manageable. The government’s external debt of $37.6 billion amounts to roughly 26% of GDP (with official GDP around $145 billion), well below the threshold levels that are generally seen as potentially risky for macroeconomic stability worldwide.

What has been achieved through government borrowings in 2017-2025:

• Reconstructed 1,564 km of highways
• Electrified 470 km of railway lines
• Built 6,793 km of drinking water networks and 664 km of sewage networks
• Constructed 59 km of heat pipelines, 1,286 individual heating units, 166 water distribution facilities, and 31 sewage pumping stations
• Created 2,737 MW of additional electricity capacity and laid 1,106 km of high-voltage power lines
• Commissioned additional generation of 2,084 MW, producing 16,423 million kWh of electricity and 551.8 thousand Gcal of thermal energy

Modernization of Transport and Urban Services:

• Purchased 4 Boeing 787-8 aircraft
• Acquired 2 high-speed Talgo-250 passenger trains
• Added 30 electric locomotives
• For the subway system: 70 cars and 29 train sets
• 1,900 buses
• 1,000 ambulances
• 541 units of equipment for household waste collection
• 13 heat boilers

Education and Social Sector:

• Established 119 educational and research laboratories in 60 universities
• Equipped 6,213 state preschool institutions with furniture, learning materials, and office equipment

Agriculture and Water Management:

• Restored 1,593.1 km of canals
• Modernized 3,396 hydraulic structures
• Drilled 423 vertical wells
• Established modern greenhouses on 2.2 thousand hectares and intensive orchards on 12.6 thousand hectares
• Built cold storage facilities with a capacity of 334.9 thousand tons
• Launched processing enterprises with a capacity of 258.2 thousand tons of products
• Created farms for 12.3 million poultry, 5,752 sheep, and 26.3 thousand cattle

These figures reflect already utilized borrowings. A significant portion of infrastructure and social sector modernization projects is still underway and will continue to deliver benefits as the work is completed.

Overall, as a result of the comprehensive measures implemented during 2017-2025, over 2 million jobs were created, exports increased by 270%, and GDP per capita grew by 418%.

What is fundamentally important is that resources can only be mobilized under strict rules, transparency, and oversight. In his Address to the Oliy Majlis and the people of Uzbekistan, the President highlighted that parliamentarians will oversee the entire project cycle - from selection and competitions to implementation and results. Project statuses, stages, and milestones will be published in real time, ensuring full transparency of competitions, tenders, and the fulfilment of obligations.

Uzbekistan’s approach to investment is clear and straightforward: the country needs resources for growth, while simultaneously ensuring full oversight, transparency, and measurable results for the population. This is exactly how the work is organized - openly, in stages, with clear accountability.

Dunyo IA

The Center for Economic Research and Reforms (CERR) examines the prospects for expanding trade, economic and investment cooperation between Uzbekistan and Serbia.

As Uzbekistan broadens its economic engagement with Europe, new avenues for cooperation are emerging. Serbia is becoming one of these promising directions, with its strategic location offering Uzbek businesses additional opportunities to access markets across Central and Southeastern Europe.

For Serbia, closer cooperation with Uzbekistan provides access to Central Asia’s growing market as well as new manufacturing and investment opportunities. This complementarity creates considerable scope for taking bilateral economic relations well beyond their current level.

A New Stage in Economic Relations

Economic ties between Uzbekistan and Serbia have gained significant momentum in recent years. In April 2023, Serbia’s First Deputy Prime Minister and Minister of Foreign Affairs Ivica Dacic paid an official visit to Uzbekistan.

A major milestone came with the first official visit of Serbian President Aleksandar Vucic to Uzbekistan on October 28–31, 2025. Following talks in Tashkent, the two countries signed an Agreement on the Reciprocal Promotion and Protection of Investments and an Agreement on Economic Cooperation.

These agreements established a stronger institutional framework for investment projects and more systematic cooperation between businesses in the two countries.

In May 2026, during a visit by Serbian Foreign Minister Marko Duric, the two sides continued discussions on expanding trade and industrial cooperation. Mechanical engineering, pharmaceuticals, the chemical industry, agriculture and a number of other sectors were identified among the most promising areas.

The economic rationale for closer cooperation is closely linked to the geographical positions of the two countries and their ability to provide access to broader regional markets.

Serbia lies at the heart of the Balkans, connecting the markets of Central and Southeastern Europe. Uzbekistan, meanwhile, has the largest consumer market in Central Asia and a rapidly expanding industrial base.

This economic complementarity creates opportunities that extend well beyond bilateral trade. For Uzbek businesses, Serbia can serve as a gateway to European markets through the Balkans. For Serbian companies, Uzbekistan offers a platform for expanding their presence across Central Asia.

Trade Is Gaining Momentum

Trade between Uzbekistan and Serbia has expanded rapidly in recent years. Between 2016 and 2025, bilateral trade increased almost ninefold, from $1.4 million to $12 million.

In 2025, Uzbekistan exported $0.9 million worth of goods and services to Serbia, while imports from Serbia exceeded $11 million.

The composition of trade highlights the different nature of the two countries’ supplies.

Food products accounted for the largest share of Uzbekistan’s exports to Serbia at 47%, followed by manufactured goods at 23.8%, services at 20.8%, chemical products at 4.8%, crude materials excluding food at 2.4%, and mineral fuels and lubricants at 1%.

Serbian exports to Uzbekistan, by contrast, are predominantly industrial in nature. Machinery and transport equipment accounted for 50% of imports, followed by chemical products at 20.1% and manufactured goods at 16.8%. Food products represented 4.8%, miscellaneous manufactured articles 4.2%, services 2.6%, and crude materials excluding food 1.5%.

Together, machinery and transport equipment, chemical products and manufactured goods account for 87% of Serbian supplies to Uzbekistan. This predominantly industrial structure creates a solid foundation for developing deeper production cooperation between companies in the two countries.

In 2026, nine enterprises with Serbian capital were operating in Uzbekistan. The cumulative volume of foreign direct investment and loans attracted from Serbia between 2016 and 2025 amounted to $2.2 million.

The next stage of bilateral cooperation could therefore involve a transition toward more sophisticated forms of economic engagement, including contract manufacturing, localization and joint investment projects.

From Trade to Industrial Cooperation

The greatest potential for further cooperation lies in expanding production and investment links between companies in the two countries.

Particularly promising areas include light industry, pharmaceuticals, mechanical engineering, electrical engineering, the chemical industry and energy. Opportunities in these sectors include placing manufacturing orders with Uzbek enterprises, localizing production, producing components and implementing joint projects.

Infrastructure represents another promising area. Uzbekistan’s potential participation in railway projects in Serbia is currently being explored. Such cooperation could enable Uzbek companies to expand exports of engineering and construction services and gain experience in implementing projects in European markets.

Serbian companies, in turn, could broaden their participation in infrastructure and industrial projects in Uzbekistan.

Stronger production linkages between enterprises could also increase the involvement of local suppliers from both countries in international value chains.

The new institutional framework, together with investment initiatives and growing industrial cooperation, creates the conditions for bilateral economic relations to move toward a broader and more diversified model.

The Balkan direction could thus become an important route for expanding the presence of Uzbek businesses in Europe, while Uzbekistan could serve as a platform for Serbian companies seeking to establish a long-term presence in Central Asia.

As production ties deepen, companies from Uzbekistan and Serbia may also gain new opportunities to jointly enter third-country markets.

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

18.9 million of the population of Uzbekistan or 54 percent are young people and children under 30 years of age. 9.5 million of young people are male and 9.4 million are female.

More than 50 laws and regulations were adopted in 2017-2021 in order to strengthen the legal basis of state policy regarding youth in the republic, and June 30 was declared as "Youth Day ".

As a result of the socio-political and economic reforms implemented in our country in recent years, a step has been taken to a completely new level of development. Youth , culture and sports issues was established in the Senate of the Oliy Majlis of Uzbekistan , a "Youth Parliament" consisting of 100 active and enterprising young people under the Senate of the Oliy Majlis and 250 active and initiative young people under the Legislative Chamber, a commission on youth issues was established in the Legislative Chamber. 22.9 percent of business entities operating in the republic or 106 thousand 574 of them belong to young people under the age of 30 will come 21.5% of individual entrepreneurs are young people under 30 years old. Also, more than 3.5 thousand young farmers and about 7.8 thousand young craftsmen are working in the country.

In the 2019 elections to the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan, 9 (6%) young people were elected as deputies, and 10% of local council deputies are young people.

The "Brave Boy" state award and the "Builder of the Future" medal were established to reward young people between the ages of 14 and under 30, who set an example for their peers with their activity and initiative in the social and political life of the country, as well as who have achieved great achievements in their studies and work. At the core of these practical results are consistent and effective reforms carried out on the basis of the renewed strategy of reforms and the strong will of the head of state regarding youth policy.

The strategic goal of the state youth policy implemented in the republic is to create conditions for every young person to get a free education, to carry out productive work, to realize themselves and to develop creatively, and to raise the level of social life in all aspects , which made it possible to accumulate valuable experience in our country. At this point, it should be emphasized that, along with state organizations, non-governmental organizations operating in our country are actively involved in the search for talented young people and their support. For example, it is important that one of the main directions of the state policy regarding youth is aimed at supporting the talents and abilities of young people. At the same time, in 2019, by a special decree of the President, the "Hope of the Country" fund under the President of the Republic of Uzbekistan was established. Thousands of talented young people through educational grants awarded by this foundation

Our country has the opportunity to study in prestigious universities of developed foreign countries and learn advanced foreign experience. In particular, for the 2022-2023 academic year, 420 students and masters received scholarships and grants for studying abroad from the "Hope of the Country" fund. We can see that these practical works are being carried out in accordance with the goals of the development strategy of New Uzbekistan. Because, according to the 50th goal of the development strategy for 2022-2026, through the "Hope of the Country" fund, to double the scope of sending free and creative thinking young people to study at prestigious foreign universities, in which fifty percent of young people are trained in technical, exact sciences and IT fields and conducting open selection contests for bachelor's, master's and doctoral studies in the most prestigious universities of foreign countries, bachelor's, master's and doctoral programs of foreign higher education institutions important goals such as announcing and conducting an open competition were set by the Foundation for the purpose of participation in educational programs. As a result of the practical work carried out by the Foundation, a number of young people have mastered the knowledge and skills required by the times and are applying them to a number of areas of reforms in our country.

One of the urgent tasks of this organization in the fields of education, science, technology, information technology, culture, art, sports, and entrepreneurship, and the tasks of encouraging and supporting their various initiatives.

         As the President of Uzbekistan stated at the Youth Forum of Uzbekistan, "No matter what reforms we try in our country, we will first of all rely on young people like you, on your energy and determination. As you all know, today we have set ourselves huge goals. We have begun to create the foundations of the Third Renaissance in our Motherland. We consider the family, pre-school education, school and higher education as well as scientific and cultural centers to be the most important links of the Renaissance. For this reason, we are implementing fundamental reforms in these areas. I believe that in creating a new foundation for the development of our country, you, our devoted and patriotic youth, will actively participate and make a worthy contribution."

In the "New Development Strategy of Uzbekistan", which serves as a unique road map of the renewed reforms aimed at realizing the potential of such determined young people.

One of the priority directions of the state policy regarding youth in our country is the issue of ensuring youth employment, providing them with education, and training them in the profession. During the meeting with young people within the framework of the 2021 Youth Forum, the head of state asked for new and very relevant proposals in this regard. In particular, from now on, governors of regions, districts and cities, ministers and responsible leaders should hold regular meetings with young people, governors should develop and implement "road maps " aimed at solving the problems of young people, and report to local councils on this issue every six months. it was decided to give and determine the plans for the next six months.

An important initiative was put forward at the forum, such as the organization of vocational and entrepreneurship training for unemployed and unorganized youth within the framework of the "Youth: 1+1" program. Based on the principle "Each entrepreneur helps young people", the initiative to connect one unemployed youth to one entrepreneur was actively supported by many of our entrepreneurs. The head of state approved this noble action, which can provide employment to at least 500,000 young people.

         Within the framework of this initiative, during the past period, a number of activities have been carried out to train young people, provide them with jobs, and direct them to entrepreneurship, so that the level of unemployment among young people is significantly decreasing.

In this place, in the following years, in order to further accelerate youth reforms, including reducing unemployment, further expanding the scope of vocational training, and providing comprehensive support to talented young people, with the Resolution of the Cabinet of Ministers dated January 18, 2021 "A youth-oriented state in Uzbekistan Policy Development until 2025" Concept was approved. According to it, as a result of the statements of the state policy on youth, opportunities will be created to further strengthen the economic potential of the country and to widely apply advanced practices.

And also it is expected that by 2030, Uzbekistan will be among the first 30 advanced countries of the world according to the PISA (The Program for International Student Assessment) rating .

At the same time, adaptation of educational programs to international standards (PISA, STEAM), coverage of children in pre-school educational institutions, youth comprehensive schools and higher educational institutions will be gradually increased due to the expansion of opportunities for non-state educational institutions. In particular, 80 percent of children under 3-7 years of age in the republic are enrolled in pre-school education organizations.

To increase the cultural level of young people, the number of libraries, theaters, cinemas, museums, parks and other cultural institutions will be gradually increased, and the capacity of sports facilities will be increased by 30% by creating conditions for young people to engage in mass sports.

Conditions will be created for youth to engage in public sports in neighborhoods; IT-parks will be established in all regions, Digital technology training centers will be established in districts (cities), about 200,000 young people will be trained on the basis of the "One million Uzbek programmers" project.

Conditions will be created for young people to use high-quality, fast and cheap Internet services, provision of double growth of communication and information services will be the most important results of the "Youth of Uzbekistan - 2025" concept.

         In conclusion, it can be said that by 2030, our country will become one of the "countries with an income above the average", the country's gross domestic product will exceed four thousand dollars per capita, and our economy will double from its current state. The effective implementation of the concept "Youth of Uzbekistan - 2025", which is an important legal basis, is of great importance. The fact that young people of any country have intellectual potential, knowledge and modern profession remains an important factor of the country's development.

Asrorjon Sattorov,

The First Deputy Director of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan Akramjon Nematov shared this assessment, commenting on the results of President of the Republic of Uzbekistan Shavkat Mirziyoyev's visit to Turkiye.

According to him, the official visit of the Uzbek leader to the Republic of Turkiye, which concluded on January 29, 2026, should be viewed not only as another event on the bilateral political calendar, but above all as an important milestone in the institutional strengthening of Uzbek-Turkish relations. Its results convincingly confirmed that the interaction between Tashkent and Ankara, which was largely fragmented just a few years ago, has reached a qualitatively new level – the level of a comprehensive strategic partnership based on pragmatism and mutual benefit.

The personal role of President Shavkat Mirziyoyev in shaping this new quality of relations deserves special mention. His proactive policies and strategic approach have enabled bilateral cooperation to reach a systemic level, where pragmatism is combined with a long-term focus on sustainable development. Thanks to the President's initiative, visits and cooperation programs have become regular and institutionalized, and the agreements reached have begun to be implemented with clear planning and measurable results, strengthening trust between the countries and creating a reliable platform for economic, humanitarian, and technological ties.

Thus, the current visit's program, which included talks in narrow and expanded formats, as well as the fourth meeting of the High-Level Strategic Cooperation Council, demonstrated a high level of political trust and the maturity of the bilateral dialogue. While such meetings were previously held sporadically, today the Strategic Cooperation Council functions on a regular basis, ensuring the continuity of decisions and overseeing their implementation. Symbolically, the key events took place on the eve of the holy month of Ramadan and the 30th anniversary of the Treaty of Eternal Friendship and Cooperation, underscoring the value-based and historical foundation of the partnership.

Of fundamental importance is the fact that Uzbek-Turkish cooperation is currently characterized by constructive and pragmatic mutual approaches, and is being built as an open partnership model focused on ensuring shared security and sustainable development. This is reflected in the finalization of the "4+4" format, which brings together coordination across foreign policy, defense, and law enforcement agencies. Unlike previous consultation mechanisms, this format is practical in nature and allows for a systemic response to cyber threats, cross-border crime, and other unconventional challenges.

The economic dimension of the partnership demonstrates sustained positive momentum and a high degree of complementarity. In recent years, mutual trade has more than doubled, reaching $3 billion by the end of 2025, compared to just $1.5 billion at the beginning of the decade. The goal set by the heads of state to increase trade turnover to $5 billion is supported not by mere declarations, but by a real investment portfolio of approximately $9 billion. The number of enterprises with Turkish capital has also increased significantly: while there were previously hundreds, today over 2,100 such companies operate in Uzbekistan, demonstrating growing business confidence and the formation of a solid material foundation for the strategic partnership. The need for further advancement of projects in industry, agriculture, social protection, and other priority areas was emphasized, including by expanding the list of goods covered by the Preferential Trade Agreement.

In preparation for the visit, new priority areas of industrial cooperation were identified, which will be implemented under a separate program. Compared to previous stages of cooperation, which focused primarily on trade and construction, the current emphasis is on joint production, localization, and export-oriented industries. Particular attention is paid to developing cooperation in tourism, theater festivals and cultural weeks, joint production of historical films, and the restoration of cultural heritage sites, reflecting the expanding humanitarian component of the partnership.

It is particularly noteworthy that the agreements reached are directly aimed at addressing the structural challenges of Uzbekistan's national development. The development of the Middle Corridor and the cooperation in transport and transit enshrined in the corresponding protocol are aimed at overcoming the country's geographic isolation and diversifying external logistics routes. Compared to traditional routes, these solutions reduce delivery times and increase the resilience of supply chains. Agreements on industrial cooperation, the management of special economic zones, and the creation of joint clusters contribute to reducing the economy's reliance on raw materials and fostering high-value-added production. The transfer of technological competencies, including nuclear safety and digitalization, should be viewed as an element of sovereign modernization, not technological dependence.

A fundamentally new stage has been the expansion of cooperation to the regional level. The intention to organize visits by delegations from all regions of Uzbekistan to Turkiye reflects the transition from a centralized model of interaction to a more flexible, decentralized partnership architecture. While interregional contacts were previously limited, the Action Plan for 2026–2027 envisages the formation of sustainable partnerships between the regions of the two countries, the launch of joint projects, and the development of a portfolio of local initiatives. Significant potential for implementing advanced Turkish practices in agriculture, horticulture, healthcare, and medical tourism has also been noted.

The military-technical cooperation sector deserves special attention. Compared to previous years, when interaction was limited to consultations, the signed agreements provide for deeper cooperation in military medicine, personnel training, and the implementation of surveillance systems and unmanned aerial vehicles. This cooperation is exclusively defensive in nature and is aimed at enhancing the professional level and technical capabilities of the Armed Forces of Uzbekistan, which is a rational contribution to strengthening national defense capability.

The humanitarian dimension of the Uzbek-Turkish partnership lends further depth and stability to the relationship. The implementation of the Cultural Cooperation Plan for 2026–2027, the agreement to hold the fourth Rectors' Forum in Bukhara, and joint education projects form a long-term foundation for cooperation. Uzbekistan's participation in the reconstruction of the earthquake-damaged Hatay province, the construction of the "Uzbekistan" residential complex, and a comprehensive school have become clear examples of practical solidarity. The start of construction of an Uzbek school in the Bekirkoy district of Istanbul—Uzbekistan's first educational institution abroad—is also symbolic, reflecting the strategic focus on the humanitarian aspect of cooperation and outreach to the diaspora.

Overall, the visit to Turkiye confirmed that Uzbek-Turkish relations are developing as a pragmatic, dynamic, and responsible partnership. Compared to previous stages of bilateral cooperation, the current format is characterized by greater institutional stability, expanded economic and regional cooperation, and deepened humanitarian ties. The agreements reached create additional tools for overcoming transportation and technological constraints, modernizing the economy, strengthening defense capabilities, and ensuring shared security, forming a solid foundation for further expanding Uzbekistan's international cooperation in a changing global environment.

«Dunyo» IA

Tashkent

The Resolution signed by the President of Uzbekistan “On measures to introduce a system of continuous improvement of knowledge of the population and civil servants in the fight against corruption” caused an interested discussion in the international expert community.

Alexander Klishin, adviser at the UN Office of Rule of Law and Security Institutions:

– This initiative marks a significant step in the fight against corruption not only for Uzbekistan, but also on the international arena. The Virtual Anti-Corruption Academy is a leading initiative of the President of Uzbekistan Shavkat Mirziyoyev, aimed at introducing a system of continuous improvement of knowledge among the population and civil servants in the fight against corruption.

The initiative is perfectly aligned with global efforts to promote integrity, transparency and accountability across all sectors of the economy. Uzbekistan has once again reaffirmed its commitment to building a society free of corruption, where integrity, transparency and accountability are the cornerstones of public administration. The Anti-Corruption Virtual Academy fully embodies these values and serves as a commendable example for other countries.

Anas Fayyad Qarman, UNDP Resident Representative a.i. in Uzbekistan:

– We are pleased to know the adoption of the Resolution of the President of Uzbekistan regarding the Virtual Anti-Corruption Academy. We view this measure as an important step towards further strengthening the anti-corruption ecosystem.

We have been cooperating with the Anti-Corruption Agency in various areas a long while, including the development of a compliance control system in government agencies and organizations. We are also jointly developing various digital solutions to combat corruption in the public sector. In my opinion, a distinctive feature of a new Academy is its availability to both civil servants and ordinary citizens.

Antti Karttunen, Head of OSCE Project Coordinator in Uzbekistan:

– The initiative of the President of Uzbekistan to create a Virtual Anti-Corruption Academy is a time requirement and will help find answers to many questions related to this area.

Like the Law ‘On Conflict of Interest’ recently signed by the President, it is another important step in the fight against corruption in Uzbekistan.

We look forward to continuing to support the improvement of legislation in the field of combating corruption, as well as to improve the qualification of employees of government bodies and organizations through the Virtual Academy and support all other efforts of Uzbekistan in this area.

Tuija Brax, Director of the Rule of Law Center, former Minister of Justice (Finland):

– It is my great honor to express a few words about the new Virtual Anti-Corruption Academy in Uzbekistan. We have been cooperating with the Anti-Corruption Agency of Uzbekistan for several years now, and I was greatly impressed by the initiatives of President Shavkat Mirziyoyev to combat corruption in the country, measures to improve legislation in this area and efforts to raise public awareness. The new Virtual Academy is a unique opportunity to raise awareness, develop special courses for different target groups, and also attract young people to study this field, since ultimately it is about the future of Uzbekistan.

Quentin Reed, Professor of Oxford University, INGO Regional Dialogue’s Anti-Corruption Specialist (United Kingdom):

– I am happy to hear about the President signing the Resolution, which provides for the establishment of the Virtual Anti-Corruption Academy. International NGO Regional Dialogue and the Anti-Corruption Agency have been cooperating for several years in developing preventive anti-corruption measures in Uzbekistan. We express our readiness to provide full-fledged support in the development of educational modules and programs within the Virtual Academy, as awareness-raising, education and training are key tools in the prevention of corruption. Appropriate anti-corruption system cannot be established without them. This is particularly important for public servants, especially those in vulnerable situations, but I would also pay particular attention to citizens.

Nuripa Mukanova, Secretary General, the Anti-Corruption Business Council under the President of Kyrgyzstan:

– My congratulations to the people of Uzbekistan and the Anti-Corruption Agency on the establishment of the Virtual Anti-Corruption Academy. The opening of this Academy is important for both Uzbekistan and the countries of Central Asia. This is a very important anti-corruption measure and platform for increasing the capacity of all those directly involved in anti-corruption issues, as well as those who want to increase their capacity, knowledge and skills in the field of combating and preventing corruption. This platform will also allow young people who study and then enter public service to improve their anti-corruption skills.

Dunyo IA

Bismillahir Rahmanir Rahim!

Honorable chairman!

Distinguished heads of delegations!

I would like to extend my deep gratitude to the Custodian of the Two Holy Mosques, His Majesty the King of Saudi Arabia Salman bin Abdulaziz Al Saud, and His Highness the Crown Prince and Prime Minister Mohammed bin Salman Al Saud for hosting this important summit today on the most urgent and painful issue on the global political agenda - the problem of Palestine.

Regrettably, since the historic meeting in Riyadh in 2023, the scope of this unfair and violent war has further widened.

Despite the resolute efforts and urges of the international community, flagrant violation of international norms and resolutions continues to this day.

We are all dismayed by the fact that now the flames of war encompass Lebanon as well.

As my colleagues have noted in their statements, these devastating and horrific attacks, which have caused the deaths of thousands of innocent children, women and the elderly, are turning into the darkest page of the new history of humanity.

One cannot watch without broken heart how social infrastructure facilities, schools, hospitals, mosques and even entire cities are turning into ruins, leaving millions of civilians homeless and doomed to hunger and disease.

Worst of all, as we all can see, this tragedy on the international arena is being approached through double standards.

This dramatically increases the potential for spillover of the war and poses a serious threat to international security.

Dear participants of the summit!

Uzbekistan fully supports all practical initiatives aimed at addressing the Palestinian-Israeli problem through peace and diplomacy.

In this regard, we believe that today's Summit will demonstrate common political will and unity, develop effective global and regional mechanisms and specific solutions, and swiftly put them in practice.

In first place, here we are referring to the need to drastically increase the role and influence of the United Nations and the Security Council in addressing this long-standing conflict.

Immediate cessation of military action, provision of safe humanitarian corridors and, most importantly, the initiation of peace negotiations should be at constant focus of this universal international structure.

Second. On November 15, the long suffering Palestinian people will celebrate their National Day - the Declaration of State of Palestine.

I am confident that this nation with an ancient and rich history has every right to establish an independent and free state within the borders of 1967, with East Jerusalem as its capital.

In this regard, we fully support the activities of the Global Alliance for Implementation of the Two-State Solution, organized at the initiative of Saudi Arabia.

Third. In order to prevent an unprecedented humanitarian crisis in Palestine and Lebanon, we need to expand the scope of assistance from our countries and within the framework of leading international organizations.

We support increasing the necessary assistance to the activities of UNRWA and other United Nations institutions, which have great experience.

In this regard, we express our readiness to provide free medical care to war-affected Palestinian children and women in Uzbekistan's hospitals.

We also intend to discuss the issue of extending practical assistance to the Palestinian people at the forthcoming GCC-Central Asia Summit in Samarkand next year.

Fourth. As part of the Organization of Islamic Cooperation, we should attach greater attention to ensuring the sanctity and preservation of the Holy Al-Aqsa Mosque and other unique historical and cultural sites in Jerusalem.

Dear heads of delegations!

I hope that our extraordinary meeting today will be a big step towards addressing the Middle East problem.

I pray to Allah Almighty to bestow peace and tranquility upon the world and further strengthen the unity of our Ummah.

Thank you for your kind attention.

Historical Background

The history of Uzbek - Finnish relations dates back to the early 1990s, when Finland became one of the first countries to recognize the independence of the Republic of Uzbekistan - on 30 December 1991. Just two months later, on 26 February 1992, diplomatic relations were officially established, marking the beginning of a new chapter based on mutual respect, trust, and a shared commitment to technological progress.

The first high-level visits in 1992 laid the foundation for political dialogue. During that year, Uzbekistan took part in the signing ceremonies of the OSCE Helsinki Final Act and the Paris Charter. In October of the same year, Finnish President Mauno Koivisto paid an official visit to Tashkent, further consolidating the partnership. Since then, cooperation between the two countries has developed steadily across political and economic spheres.

Legal and Institutional Framework

Today, the legal framework governing Uzbek-Finnish relations comprises eight active documents, including two interstate and six intergovernmental agreements. These include the 1992 Agreements on Mutual Protection of Investments and on Trade, Economic, and Technological Cooperation, as well as treaties on air and road transport (1996 and 1997) and agreements on avoiding double taxation and on customs cooperation.

New initiatives reflecting the modern stage of partnership are under consideration - such as a draft agreement on visa exemption for holders of diplomatic passports, a memorandum on cooperation in environmental protection, and a protocol on consultations between the foreign ministries.

Cooperation Priorities: Technology, Ecology, and Innovation

Finland, recognized globally as a leader in innovation, sustainable development, and green technologies, serves as a valuable model for Uzbekistan in its transition toward a digital and energy-efficient economy.

In 2017, a business delegation of nine Finnish companies specializing in engineering, agribusiness, telecommunications, and logistics visited Uzbekistan to participate in the AgroWorld Uzbekistan international exhibition. This visit gave new impetus to direct business-to-business engagement.

In April 2019, Tashkent hosted a delegation led by Mikko Koiranen, Deputy State Secretary of Finland for Foreign Economic Relations. The delegation included 29 representatives from leading companies and organizations - such as Nokia Siemens Networks, ABB, Wärtsilä, Uponor Infra, Tikkurila, ISKU, and Airbus Defense and Space. Discussions focused on implementing Finnish technologies in Uzbekistan, joint energy and raw material processing projects, and opportunities in smart cities and water management.

Later, in November 2019, Antti Koskelainen from the Finnish export credit agency Finnvera visited Tashkent, marking an important step toward deeper financial and investment cooperation. Meetings with the Ministry of Investment, Industry and Trade, the Ministry of Finance, and the Agency for State Asset Management addressed mechanisms for crediting and insuring Finnish export operations in Uzbekistan.

Trade: A Threefold Growth in One Year

Economic cooperation between Uzbekistan and Finland continues to expand. The two countries enjoy Most-Favored-Nation trade status, and regular meetings of the Joint Intergovernmental Commission on Trade, Economic, and Scientific-Technical Cooperation (five sessions to date, the latest held in Tashkent in February 2023) ensure a dynamic dialogue.

Trade turnover has shown remarkable growth in recent years: from USD 48.45 million in 2020 to USD 151.7 million in 2024 - an increase of over threefold. This upward trend reflects intensified business ties and growing interest among Finnish companies in the Uzbek market.

Investment and Business Cooperation

Finland is viewed in Uzbekistan not only as a trading partner but also as a source of innovation and investment. Currently, 14 enterprises with Finnish capital operate in Uzbekistan - four joint ventures and ten with 100% foreign ownership - active in sectors such as electronics, software, energy, agriculture, food processing, chemicals, and telecommunications equipment.

Finnish businesses are showing strong interest in renewable energy, waste recycling, eco-construction, water management, and sustainable agriculture. Uzbekistan, in turn, offers attractive conditions for investors - tax incentives, developed industrial infrastructure, and access to a 75-million-strong Central Asian market.

Finland’s Economic Potential: Opportunities for Partnership

Finland is one of Europe’s most advanced and innovative economies, known for its high living standards, sound macroeconomics, and strong industrial base. In 2024, its GDP exceeded USD 320 billion, with GDP per capita around USD 58,000. The economy is well-balanced, with services accounting for over 70%, industry 27%, and agriculture 2.5%. Inflation remains one of the lowest in Europe - around 3% - ensuring a stable and predictable business environment.

For Uzbekistan, cooperation with Finland opens wide-ranging opportunities for industrial, investment, and technological partnership, including:

• Energy: joint projects in renewable energy, smart grids, and energy storage; development of solar panel and wind equipment manufacturing.
• Water and Environment: Finnish expertise in water purification, waste processing, and efficient water management, particularly relevant for agriculture and urban infrastructure.
• Engineering and Electronics: creation of joint ventures in industrial equipment, automation systems, and telecommunications.
• Construction and Green Materials: Finnish participation in energy-efficient building projects, production of eco-friendly insulation and finishing materials, and smart home systems.
• Education and Science: joint engineering and IT education programs, establishment of research laboratories, and introduction of dual education models based on Finnish experience.
• Agro-Industry: cooperation in precision farming, agricultural digitalization, and production of eco-friendly export-oriented goods.

Finland’s experience in sustainable development and digital transformation makes it a strategic partner for Uzbekistan’s “green economy” agenda and industrial modernization. At the same time, Uzbekistan - with its abundant natural resources, young workforce, and expanding domestic market - offers Finnish companies favorable conditions for localization and regional expansion.

A Look Ahead

The partnership between Uzbekistan and Finland goes beyond traditional economic cooperation. It stands as an example of how innovation and sustainability can form the foundation of long-term, mutually beneficial relations. Joint projects in digitalization, green energy, and education are paving new avenues for the exchange of expertise, technologies, and investments.

Finland regards Uzbekistan as a reliable partner in Central Asia, while Uzbekistan views Finland as a strategic ally in advancing its “smart growth” model and building a knowledge-based economy.

The synergy between Finland’s pragmatic northern experience and Uzbekistan’s dynamic eastern development creates a powerful foundation for further strengthening bilateral relations - grounded in trust, innovation, and mutual respect.

The Fifth Tashkent International Investment Forum will take place on June 16–19, 2026. This year’s theme – “Investment Resilience: New Frontiers, New Partnerships” – frames the agenda around a set of pressing questions: how to protect capital amid global uncertainty, what institutional mechanisms enhance investment resilience in frontier markets, and where the new partnership routes lie.

The forum’s context is set by macroeconomic results. According to the National Statistics Committee, Uzbekistan’s GDP grew by 7.7% in 2025 and exceeded $147 billion – the fastest pace since 2021 and among the highest in the Europe and Central Asia region. Fitch Ratings and S&P Global upgraded the country’s sovereign rating from BB– to BB for the first time, while Moody’s revised its outlook to “positive.” International reserves, per the Central Bank, surpass $77 billion. Exports rose 24% to $33.8 billion. Foreign direct investment increased by 46.9%, with FDI accounting for 40.5% of total capital investment. For an economy that attracted only $4 billion in annual foreign investment in 2017, the surge to $42 billion by 2025 represents a fundamentally different scale of growth. This tenfold increase over eight years underscores a profound transformation in the nation's investment landscape.

The forum is scaling alongside the economy. Last year’s TIIF drew over 8,000 participants, including some 3,000 international delegates from 97 countries. Guests included Bulgarian President Rumen Radev, Slovak Prime Minister Robert Fico, heads of government from all Central Asian states, EBRD President Odile Renaud-Basso, and New Development Bank President Dilma Rousseff. The aggregate value of signed investment contracts and trade agreements reached $30.5 billion. Yet what best speaks to the platform’s maturity is not the number of signings but the conversion rate – the share of agreements that translate into operating assets is increasingly the metric that matters to returning investors.

The centrepiece of this year’s forum will be the Tashkent International Financial Centre (TIFC), established by presidential decree in March 2026. Behind the headline sits a specific institutional architecture: a special legal regime based on common-law principles, a dedicated financial services regulator, an arbitration centre (TIAC), and tax exemptions through 2076. TIFC is part of a global trend toward specialised financial hubs that offer international market participants a familiar legal environment and regulatory predictability. Its defining feature is integration within the country’s legal framework: the centre operates under a special legal regime rather than creating a separate jurisdiction, reducing regulatory fragmentation and simplifying engagement with the domestic economy. A panel session featuring leaders of major global financial centres and international investors operating in Uzbekistan will address the central question: what are the practical conditions under which TIFC can attract international market participants.

The TIIF 2026 programme is structured around four thematic pillars: investment resilience and capital protection mechanisms, financial infrastructure and capital market development, trade connectivity and logistics corridors, and energy transition and climate finance. Key sessions include a discussion of the regulatory framework for alternative investment funds (a legal basis for private equity and venture capital being adopted for the first time), a panel on the Middle Corridor and trans-Caspian logistics, a session on sovereign ratings across Central Asia, and a practitioner-led workshop on blended finance instruments in frontier markets. A dedicated arbitration and dispute resolution track features two panel sessions co-organised with the Tashkent International Arbitration Centre (TIAC), the British-Uzbek Legal Association (BrULA), and the British Embassy. Topics range from the institutional design of Uzbekistan’s arbitration ecosystem – including the innovative Dispute Avoidance Protocol (DAP) – to the country’s positioning within the global investment protection architecture: ISDS frameworks, bilateral investment treaty reform, and New York Convention enforcement.

The energy agenda warrants particular attention. Uzbekistan has set an ambitious target of raising the share of renewables in electricity generation to 54% by 2030. Currently, the country operates solar and wind facilities with a combined installed capacity exceeding 4 GW, with a project pipeline envisaging an additional 19 GW of green capacity. Alongside this, the public-private partnership mechanism continues to develop: as of early 2025, PPP agreements worth approximately $28 billion had been signed in the country. For investors, this represents a large, structured market with standardised PPA contracts and a clear entry mechanism – a subject that will be examined in detail during the forum’s energy panel.

TIIF 2026 retains its bilateral business forum format, reflecting the expanding geography of Uzbekistan’s economic partnerships. Confirmed platforms include business forums with the Republic of Korea, the United States, Croatia, Hungary, Turkey, and Albania, as well as a China–SCO countries investment dialogue; the lineup continues to grow as the event approaches. The plenary session featuring heads of state and government will set the tone for the business programme. Running in parallel is an exhibition of industrial and investment potential spanning approximately 6,000 sq m – in 2025, a comparable facility facilitated over 500 B2B and B2G meetings for 100 participating companies.

At the same time, the forum agenda implicitly flags unresolved challenges. The corporate governance session raises the question of transitioning from concentrated to dispersed ownership – a process without which the stock market will remain illiquid. The discussion of privatisation and state asset IPOs calls for a candid conversation about pacing and institutional quality. The responsible business conduct panel, anchored in OECD standards, recognises that tax incentives alone are insufficient for accessing institutional capital – what is needed is verifiable supply chain transparency and functioning National Contact Point mechanisms.

The business programme is complemented by networking formats: an FIC and EY business breakfast on digitalisation and AI, the annual SQB Investor Day, an ESG Award ceremony, and the European Business Evening. The informal component – an invitational tennis tournament, TIIF Open, and an evening run – is designed for delegates who prefer to build relationships beyond the conference hall. The anniversary evening concludes with a collaboration with the Stihia electronic music festival – a detail that captures the tone in which Uzbekistan presents itself to an international audience.

For Uzbekistan, TIIF has long ceased to be a showcase. It is a working instrument of investment policy, whose effectiveness is measured not by the number of signing ceremonies but by the volume of capital that actually enters the economy between forums. The fifth, anniversary edition takes place at a moment when the country is simultaneously launching an international financial centre, adopting an alternative investment funds law, and receiving a sovereign rating upgrade – a convergence that creates a window of opportunity for investors prepared to operate in frontier markets with a growing institutional base.