ART

The Tashkent International Biennale of Contemporary Art has been held every two years since 2001 with government support. It serves as an open platform for cultural exchange in the visual arts, showcasing the modern creative potential of different countries and discussing current issues in contemporary art.

The theme of the X Tashkent International Biennale of Contemporary Art in 2024 is "Art and World". Conceptually, it explores the relationship between art and modern reality through the works of artists from various countries. This theme prompts reflection on the nature of the modern world: Does it possess integrity? Today, the world is characterized by polar stances, clashes, and numerous challenges related to preservation, ecology, morality, culture, and identity, spanning personal to state levels. Its landscape is shaped by opposition influenced by globalization, geopolitics, technogenic civilization, and artificial intelligence. How does contemporary art reflect on the modern world?

Simultaneously, the X Tashkent International Biennale aims to showcase various trends and new directions in contemporary art to the general public. It seeks to enhance international cultural relations, strengthen the creative dialogue between cultures, and highlight the achievements of different countries in visual art. The Biennale focuses on liberating creative consciousness, demonstrating pluralism in creative exploration, and illustrating the specifics of the postmodern condition in different countries. It addresses the state of intertextuality in modern art and the preservation or disappearance of local traditions in the era of globalization.

The concept of the Biennale is dedicated to displaying a multicultural lifestyle through the prism of contemporary art. The works presented will reflect diverse artistic expressions that uphold humanistic values. The theme provides an opportunity to explore concepts such as ecology, culture, tolerance, modern orientalism, identity, artificial intelligence, technogenic civilization, and the inner world of individuals.

FOR MORE DETAILS: biennale.uzbekistan@gmail.com, +998-71-233-04-27

Curator of the X Tashkent International Biennale of Contemporary Art:

Sukhrob Kurbanov - Art Critic and Art Historian.

Coordinator of the event:

Asya Tuychiyeva - Head of the Department for International Relations, Academy of Arts of Uzbekistan.

Uzbekistan and Finland possess significant potential to deepen their partnership in the areas of ecology, sustainable natural resource management, and climate change mitigation. Environmental institutions of both countries actively engage through international conferences, forums, and projects supported by international organizations and development banks.

One of the most notable examples of practical cooperation is the joint project between the Agency of Hydrometeorological Service of Uzbekistan, the Ministry for Foreign Affairs of Finland and the Finnish Meteorological Institute. Valued at USD 2 million, the project aims to strengthen Uzbekistan’s hydrometeorological capacity, train specialists in modern forecasting methods for weather and natural disasters, and enhance climate services and adaptation measures to climate change.

To further expand bilateral cooperation, the Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan has identified several priority areas that could form the basis for a future Memorandum of Understanding with Finland.

One key area of collaboration could be sustainable forest management. Over 70% of Finland’s territory is covered by forests, which account for 0.5% of global timber reserves. Studying Finland’s experience in public-private partnerships in forestry and its effective mechanisms for conserving forest ecosystems could help Uzbekistan improve its own approaches to developing green zones and protecting natural territories.

Another promising area is circular economy development. Finland was among the first countries to adopt a national “roadmap” for transitioning to circular models of production and consumption. For Uzbekistan — which is currently developing a modern waste management and recycling system — learning from Finland’s sustainable production practices would be an important step toward achieving “green” growth.

Air quality management is also an area of great interest. Finland is recognized as one of the countries with the cleanest air in the world, thanks to its advanced monitoring systems and strict environmental regulations. Adopting Finnish technologies for tracking pollutants and reducing emissions could significantly improve air quality in Uzbekistan’s urban centers.

Particular attention is also given to climate action. Finland aims to achieve carbon neutrality by 2035 and its strategies for reducing emissions and adapting to climate challenges could serve as a valuable model for Uzbekistan in implementing its own climate commitments under the Paris Agreement.

An important area of focus is scientific and educational cooperation. The Ministry of Ecology of Uzbekistan is interested in establishing partnerships between Finnish universities and the Central Asian University of Environmental and Climate Change Studies (Green University). Academic exchange programs, joint research initiatives and the development of green educational technologies will contribute to training a new generation of environmental and climate specialists in the region.

Cooperation in biodiversity conservation and protected areas management is also of high importance. Finland allocates 13.3% of its territory for these purposes and plans to expand this figure to 30% by 2030. This experience holds great value for Uzbekistan, which is actively implementing a national program to expand its network of reserves and national parks.

The signing of a Memorandum of Cooperation between the Ministry of Ecology, Environmental Protection and Climate Change of the Republic of Uzbekistan and the Ministry of the Environment and Climate of Finland would be a logical step toward strengthening this partnership. Joint initiatives between the two countries will help combine innovation and scientific expertise in pursuit of a shared goal — protecting nature, enhancing climate resilience, and building a sustainable and environmentally secure future.

Anvar Tursunaliyev,

Chief specialist Department of international cooperation

and rankings of the Ministry of Ecology,

Environmental Protection and Climate Change

Since 2017, President Shavkat Mirziyoyev’s administration has pursued a sweeping reform agenda, liberalizing the economy while strengthening social welfare. These reforms are enshrined in new policies and the 2023 Constitution, which explicitly defines Uzbekistan as a “social state” responsible for ensuring employment and reducing poverty. The government’s national strategy (“Uzbekistan–2030”) even set a target of halving poverty by 2026. In short, Uzbekistan’s policy framework has shifted toward the combined goals of economic growth and inclusive social protection.

By 2023 the new National Agency for Social Protection (NASP) and community “Inson” service centres were delivering aid to roughly 2.3 million needy families – about a four-fold increase from 2017. Pensions and basic benefits were also raised: for instance, pension and disability payments in real terms are now about 1.5 times higher than before the reforms.

Community service is delivered through Inson centers, one-stop offices in each locality that help citizens apply for benefits and services. These “Inson” centres provide personal assistance with applications and information, reflecting a shift to integrated, client-oriented support. Relatedly, a new registry of persons requiring care has been established (by 2023 it contained ~17,800 profiles) to manage support for the disabled and elderly; each case is reviewed quarterly so that aid can be adjusted as needed. Together, these digital tools and organizational changes – one-stop “Inson” centers, a unified registry, targeted lists and case management – represent a modern social protection architecture far beyond Uzbekistan’s previous fragmented system.

International partners have closely supported and evaluated these reforms. The World Bank has played a leading role: it delivered roughly $2.1 billion through policy-based loans (2018–2021) to finance structural reforms in jobs, governance and social policy. In mid-2024 the Bank approved an additional $100 million “INSON” project to improve social care for vulnerable groups. This project will establish more than 50 community-based social service centres and expand services to some 50,000 people (including older persons, disabled, and children).

Within the framework of the “From Poverty to Prosperity” program, launched on 1 November 2024, families receive support across seven key dimensions:

• Ensuring stable employment and achieving higher income levels;
• Access to education and vocational training;
• Access to guaranteed state healthcare services;
• Access to social services;
• Improvement of housing conditions;
• Development of mahalla (community) infrastructure by the state;
• Direct engagement and dialogue with public sector representatives.

More than 600,000 families have gained access to 1.3 million social services aimed at employment and income growth. Members of these families have also benefited from over 2.2 million guaranteed healthcare services, directly contributing to their sustainable participation in the labor market.

Expanding Social Care Provision

For individuals requiring continuous care, a new model of service provision through private providers has been introduced. These services include household assistance, home- and field-based care, medical and social rehabilitation, and personal assistant support. Currently, 13,800 individuals — representing 76% of all those in need of care — receive such services from the private sector.

According to the Presidential Decree of the Republic of Uzbekistan, by 2030 the number of recipients of social services is expected to reach at least 3 million citizens annually, while the share of services provided by the non-state sector will rise to 30%. This approach fully aligns with the principles of the social and solidarity economy.

The programs implemented by the National Agency for Social Protection are characterized as accessible, effective, and oriented toward sustainable economic development.

1. Accessibility

As part of the “From Poverty to Prosperity” program, a National Registry of Poor Families has been established. The identification of households and decisions regarding their inclusion are made directly at the community (mahalla) level. As of today, 667,000 families, comprising approximately 2.8 million individuals, have been registered. This provides a comprehensive understanding of their living conditions and the opportunities for poverty reduction.

2. Effectiveness

In the first nine months of the current year, the average per capita income among registered families has nearly doubled, rising from 174,000 soums (~USD 14) to 338,000 soums (~USD 27) per month. Furthermore, 73,000 families that previously had no income now earn official wages. During the same period, 150,000 families have successfully escaped poverty, with 105,000 (70%) doing so primarily due to increased formal employment income.

3. Sustainability

To ensure targeted support, families are categorized into three groups:

• Red – households with persons with disabilities requiring care, as well as families without a breadwinner or headed by a single parent;
• Yellow – families with employable members but lacking stable income and professional skills;
• Green – families that have exited poverty but remain at risk of falling back.

This classification enables the application of differentiated measures: “red” families receive priority care and social support; “yellow” families are targeted with employment and training programs; and “green” families benefit from measures aimed at preventing a return to poverty.

Within this framework, the development of a “care economy” has emerged as a key priority. The Agency has introduced daycare services for children with disabilities and the “Step into an Active Life” program for older persons. These initiatives enable family members to participate in the labor market, thereby activating previously unpaid caregivers.

Investing in Human Capital

Particular attention is given to children from low-income families. The state subsidizes up to 90% of the costs associated with their education and development. In 2025, 125,000 children from poor households gained preferential access to preschools, demonstrating how social protection systems can make an indirect yet significant contribution to poverty reduction.

In conclusion, the programs implemented by the National Agency for Social Protection go far beyond material support. They create enabling conditions for income generation, employment, and human capital development, thereby contributing directly to the sustainable economic growth of the country.

Olima Almatova Qorabekovna, a resident of “Ezgulik” makhalla, Buka district, Tashkent region, who received support from the Agency, said:

“My spouse worked at the mining combine for forty years, but after he became ill, he could no longer continue. For his sake, I took on whatever jobs people offered me. When the doctors suggested placing stents in his heart arteries, I refused, saying: ‘Whatever help you can give, give it to my family. I’ve lived my life, I am already sixty-seven. I’ve seen so much — whatever comes, I will accept it. I don’t need stents. I only ask that you give a little help to my family.’

When support arrived under the President’s decision, I cannot express how happy I was. I said: ‘Oh God, there really is someone who came to open my door.’ They came and extended a helping hand. We planted cucumbers and tomatoes, and soon money began to come in. We have already earned income three times. So much support has reached us, and we are deeply grateful to our President. Feeding even one family is difficult, yet he is taking care of millions. For those who are struggling and in need, such help gives strength, brings joy, and inspires them to move forward. One can hardly imagine just how powerful that is.”

In conclusion, the programs implemented by the National Agency for Social Protection go far beyond material support. They create enabling conditions for income generation, employment, and human capital development, thereby contributing directly to the sustainable economic growth of the country.

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

On June 20, President Shavkat Mirziyoyev chaired a video conference call on training engineering personnel and improving the performance of higher educational institutions.

In today's competitive world, our country, relying on domestic resources, is moving towards industrial development. Every year 3 thousand industrial enterprises are put into operation, about 150 thousand jobs are created.

This year, projects worth 21 trillion soums will be implemented within the framework of state investment programs. Also, projects with foreign and regional investments worth 37.5 billion dollars are planned for this year.

Accordingly, the state pays great attention to science, education and innovation. For example, over the past four years, 2.2 trillion soums have been allocated to 1,727 practical, innovative, fundamental and startup projects. Spending on research and development has doubled.

However, the results in this area and the number of highly qualified engineers are still insufficient. There is a gap between higher education institutions and industry.

That is why rectors of technical universities were also invited to the meeting.

The head of state first of all dwelt on the problems in this sphere.

The 36 state technical higher educational institutions annually graduate 67 thousand specialists. However, the programs and specialties in these universities do not meet the requirements of manufacturers. As a result, 60 percent of engineers do not work in their specialty.

Higher educational institutions are limited to fundamental research, and practical developments for the economy are very rare. Hundreds of startups and innovative projects in engineering fields remain on paper.

In foreign universities there are such specialties as "value engineering", "comparative engineering", "reverse engineering". In our technical universities, these areas are not developed. As a result, industries have to spend a lot of money on training their employees abroad or attract specialists from abroad.

Although the coverage of higher education has increased 5 times in the last seven years, the interest of young people in engineering and technical specialties is very low. Some equipment of universities and scientific laboratories is outdated. Many professors and teachers are disconnected from practice. Rectors do not visit enterprises, do not familiarize themselves with new technologies, do not study equipment and machines.

Over the last four years, the number of research contracts of universities has tripled. Revenues from them have increased 6 times. However, the implementation of the results of scientific developments into production is slow. Not everyone is equally successful in patenting their inventions.

The President presented new initiatives to develop this area.

Now training and research processes in technical areas will be completely changed based on the best practices. 36 universities and their branches will be gradually consolidated, leaving a total of 20 technical universities. They will completely switch to the dual system of education.

Specialties that are not in demand in the labor market will be reduced. Some departments will be merged. The functions of dean offices to serve students will be digitalized. Based on foreign experience, a "Registrar's Office" will be created.

Each university will establish cooperation with prestigious technical universities of developed partner countries such as Germany, Japan, China, Russia, Italy, Turkey, South Korea, Singapore.

Based on the chain "industry-enterprise-university", each university will be assigned an industrial partner.

All engineering universities will open departments at their partner enterprises and introduce dual education. At the same time, the enterprises will allocate funds to equip the departments, stimulate teachers and students. Student internships and graduate training will be fully organized at partner enterprises.

Thirty-two sectoral councils will be established in the system of ministries and enterprises. They will determine priority directions of scientific research in technical fields together with institutes and will be customers of these researches.

Also at the first stage, higher engineering schools will be opened in 10 universities. Two-year applied master's degree programs will be implemented in them, and candidates will be selected by order of manufacturers. Enterprises will financially support the establishment and equipping of laboratories in higher engineering schools. The state will also provide highly qualified engineers-technologists. If every minister, industry leader, rector, professor and teacher feels deep sense of responsibility and works hard, we will definitely achieve this," Shavkat Mirziyoyev said.

The status of pilot production enterprises of universities will be legislated. They will be granted privileges applicable to IT park residents. At least 60 percent of the employees of the subsidiaries will be doctoral candidates and students.

From next year, state grants for projects in technical areas will be increased fourfold. Partner organizations of universities will also be allowed to act as founders of enterprises.

Hokims of regions and heads of industries will be able to directly provide universities with orders for scientific and production projects up to 10 billion soums.

A system of allocating at least half a percent of the cost of investment projects for scientific activities will be introduced.

It has been determined to organize national contests "Best Idea", "Best Project" and "Best Invention" in engineering fields. Teachers, students and practicing engineers will be able to participate in them. The prize for the first place is an electric car.

Also 10 best participants, authors of ideas, projects and inventions will be sent for internship to such countries as Germany, Japan, China, Russia, Italy, Turkey, South Korea, Singapore.

The meeting continued in the format of an open dialog. Industry leaders, scientists, rectors and engineers expressed their opinions on the development of science and education in engineering.

It was assigned to draft a relevant decree based on the proposals.

- We need highly qualified engineers-technologists like air for the accelerated development of the economy. If every minister, industry leader, rector, professor and teacher feels deep sense of responsibility and works hard, we will definitely achieve this," Shavkat Mirziyoyev said.

Akramjon Nematov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan (ISRS), in an analysis for Dunyo IA on the results of the April 24 meeting chaired by the Head of State, emphasized that the country's socio-economic development results for the first quarter of 2026 confirm: the nation has not only adapted to global turbulence but has also developed a reliable internal immunity to external shocks.

According to him, the achieved figures indicate that the national economy has reached a qualitatively new level of dynamic development. Despite unprecedented global market volatility, the disruption of global supply chains, and mounting inflationary pressures, Uzbekistan recorded an impressive GDP growth of 8.7%, significantly exceeding the 6.8% result from the same period last year.

Such a significant breakthrough, the expert is convinced, has been a direct result of the well-considered and consistent strategy of the President of Uzbekistan Shavkat Mirziyoyev, aimed at the fundamental transformation of all spheres of public life. During this challenging period, the state assumed not merely the role of a regulator but that of an active catalyst for modernization: the industrial sector grew by 8%, compared with 4.1% in 2025, while the services sector, which has become the engine of renewal, surged by 16.1%. Against the backdrop of global instability, Uzbekistan, for the first time on an annual basis, managed to curb inflation, reducing it from 10.6% in March 2025 to 7.1% in the current period, thereby opening new horizons for long-term investment planning.

The country’s leadership has made a significant contribution, reflected in unprecedented financial support for entrepreneurship. In 2026, 140 trillion UZS are being allocated for these purposes through the banking system, 30% more than last year. Targeted assistance to mahallas in the first quarter alone amounted to 3.6 trillion UZS, a 25% increase, enabling local budgets to generate an additional 2.2 trillion UZS in revenue.

As the expert noted, during the critical analysis, the Head of State emphasized that the quantitative records achieved must serve as a foundation for significant structural improvements in the economy, necessitating a transition to an advanced, innovative development model. One of the central tasks identified is a sharp increase in labour productivity, which should rise by at least 10-15% through the integration of modern technologies and management standards. The state aims to fully move away from the raw-materials-exporter model toward the creation of high-tech regional value chains, engaging more than 40 global brands as strategic partners.

Particular attention is being paid to the efficiency of project management. With a record volume of foreign investment in the quarter totalling USD 13.7 billion, 1.6 times higher than last year, the focus is shifting toward precise monitoring of returns. The President has decided to elevate the economy to a new international level: as early as next month, 30% of state assets worth USD 2.4 billion will be listed on international stock markets. This has become possible due to the transfer of management of 13 strategic enterprises of the National Investment Fund to the reputable company Franklin Templeton. At the same time, the state is accelerating reform of the energy framework, allocating USD 50 million for concessional lending to support businesses in transitioning to renewable energy sources, and creating a digital logistics infrastructure capable of increasing exports through electronic platforms, raising the target to USD 700 million.

At the same time, expert analysis shows that external challenges are not only persisting but also intensifying significantly: the continued rise in global energy prices and the increasing complexity of global logistics are creating tangible pressure on domestic production costs and competitiveness.

Under current conditions, activities in the external sphere must be maximally synchronized with domestic reforms. This implies a focus on facilitating technology transfer, attracting smart capital into artificial intelligence, and diversifying transport corridors to strengthen Uzbekistan’s status as a central link in regional connectivity. The steady acceleration of exports and the systematic removal of barriers for high-value-added products today require deep coordination between the state and the private sector, as well as the mobilization of all available resources to achieve qualitative results, the expert believes.

To maintain current high growth rates and reach new milestones, it is necessary, as the President emphasized, to radically increase the flexibility of managerial decision-making and execution discipline at the local level. It is important to transform quantitative growth into the structural quality of the economy, to ensure development through a multiple increase in productivity and the creation of high added value in key sectors.

The balanced and proactive foreign policy of the country’s leader creates the necessary zone of stability at the regional level. However, it is precisely the internal mobilization of the public administration, an uncompromising focus on innovation, and the efficiency of management that are today the decisive conditions for enabling Uzbekistan to successfully transform global pressure into new “windows of opportunity” for long-term national prosperity.

Dunyo IA

Esteemed Heads of Delegations!

Once again, I would like to express my gratitude to the President of the Republic of Kazakhstan, esteemed Kassym-Jomart Tokayev, for the warm welcome and excellent organization of the Summit in Astana.

We are highly estimate Kazakhstan’s effective chairmanship of the SCO, which has facilitated the expansion of multifaceted cooperation within the Organization.

It is a great honor to have with us the heads of observer-states and dialogue partners, esteemed guests.

Dear Participants of the Meeting!

I believe that a meeting in the broad format of SCO Plus is timely and necessary.

The world needs to restore trust, justice and solidarity more than ever.

The current global political and economic landscape is characterized by fractures, wars, and conflicts that are undermining the foundations and key principles of the system of international relations.

The contradictions and protectionism that have emerged are creating fragmentation of the world economy and supply chain disruptions, which are in turn creating new dividing lines that prevent countries from cooperating effectively in trade, finance and investment, technology transfer and innovation.

The only viable solution to these challenges is to consolidate efforts in the interest of global security, development, and prosperity.

The SCO has always advocated for and has been committed to a just world order based on the universally recognized principles of international law and multilateralism, with the UN playing a central coordinating role.

In this regard, our Organization continues to serve as a focal point for many countries seeking to build broad cooperation without political and ideological biases.

Concurrently, the evolving circumstances necessitate the implementation of new strategic approaches to enhance the efficacy of the Shanghai Cooperation Organization.

Today, as it stands on the threshold of its 25th anniversary, it is imperative to develop a new agenda that aligns with the Organization’s immense potential and growing role in world politics and economy.

Building on the “Shanghai Spirit” and the founding principles of the Charter, unity and cohesion within the Organization should be preserved. I propose to intensify joint efforts with the objective of strengthening the atmosphere of trust and friendship within the SCO and to remove barriers to deeper cooperation.

First of all, it is necessary to undertake a comprehensive reevaluation of the conceptual foundation underpinning the SCO’s security-related activities.

The nature and scope of contemporary challenges have undergone a significant transformation since the establishment of the Organization.

Environmental and natural disasters, water and food shortages, cyberattacks, new methods of undermining sovereignty and economic stability pose an increasing threat.

All of this should also be taken into account when considering the strengthening of the SCO's potential, including the establishment of the Universal Center for Countering Security Threats and Challenges.

In this context, I propose to hold annually SCO Plus Dialogue on Security Issues with the participation of the heads of the competent bodies and experts of all our countries.

Uzbekistan proposes to consistently “reload” trade and economic cooperation in the SCO area, which continues to be fragmented.

So far, we could not manage to create a solid foundation for multilateral trade and inter-sectoral partnership.

For a long time, no consensus has been reached on the establishment of the SCO Development Fund and the SCO Development Bank.

Today at the summit we agreed to take comprehensive measures to simplify trade procedures and develop e-commerce, stimulate technological cooperation, including in the industries of the future.

In order to create an effective platform for business dialogue with the participation of all partners, we propose the annual holding of the SCO EXPO International Industrial Exhibition in our countries.

It is also important to actively promote economic interaction and seek opportunities for linking joint initiatives with the Economic Cooperation Organization, the Gulf Cooperation Council, the Eurasian Economic Union, ASEAN and others.

The new geopolitical realities convince us of the need to build an inclusive and integrated transport and transit system to strengthen interregional connectivity.

The global problems such as climate change and environmental disasters cannot be ignored by the Organization. Our countries are increasingly facing natural disasters, land degradation, reduced agricultural yields, air pollution and water shortages.

I believe that climate cooperation should become a key element of the new SCO agenda.

We advocate for developing an Agreement on cooperation in combating climate change, with concrete measures to achieve common goals and objectives in the area of green development.

We are also proposing the establishment of the SCO Center for Innovative Climate Solutions in Tashkent. It will conduct research on environmental sustainability and “green” growth.

Improving livelihoods and social protection should be given a central place on the Organization’s agenda.

We intend to hold a Global Conference on Sustainable Social Protection in Samarkand next year, under the auspices of the United Nations, as a contribution to achieving the goals Summit of the Future.

Finally, we need to strengthen and promote together a unique model of inter-civilizational dialogue.

The rich cultural, historical and spiritual heritage, traditions, customs and ways of life of our peoples are a powerful and resilient force for building bridges of mutual trust, good-neighborliness and lasting friendship.

This is the message contained in the recent UN General Assembly resolution on the International Day of Dialogue among Civilizations, adopted at our joint initiative.

In this context, the Samarkand Solidarity Initiative for Common Security and Prosperity, which we have put forward, aimed at overcoming the trust deficit through constructive dialogue and multilateral partnership, is more relevant than ever.

The practical implementation of this initiative will contribute to strengthening inter-civilizational dialogue to overcome contradictions on the path to sustainable development.

I am confident that together we can make the Organization even more creative through the implementation of programs in the area of cultural, educational, youth and tourist exchanges.

To this end, we propose to develop a Unified Bank of SCO Humanitarian Initiatives and Programs, which will enable projects in these areas to be systematized and jointly implemented.

I am convinced that the outcomes of this meeting will give a strong impetus to the development of a multifaceted partnership within the Shanghai Cooperation Organization.

Thank you for your attention.

URGENCH, September 28. /IA “Dunyo”/. A delegation of Latvian businessmen visited Khorezm with the support of the Embassy of Uzbekistan in Riga, Dunyot news agency's correspondent reports.

During the visit, a business forum and meetings were held with participation of representatives of business circles of the two countries.

The parties exchanged views on economic and investment potential of Khorezm region, opportunities for realization of joint projects in agriculture, personnel training, services, logistics and energy.

The Latvian side also familiarized with the activities of “Opportunity Generosity” LLC, a pharmaceutical manufacturer located in Urgench, and other companies.

As a result of the visit, representatives of Latvian companies expressed interest in the implementation of specific projects in the field of education, in connection with which the relevant documents were signed.

The Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan (ISRS) Eldor Aripov, commented to Dunyo IA on President Shavkat Mirziyoyev’s Address to the Oliy Majlis and the people of Uzbekistan:

- The Address of President Shavkat Mirziyoyev to the Oliy Majlis and the people of Uzbekistan goes far beyond the scope of a routine annual political speech in its significance. It constitutes a strategic policy document that marks the country’s transition to a qualitatively new stage of development — the institutional consolidation of reforms and the formation of a sustainable growth model oriented toward the long term.

Over the past decade, Uzbekistan’s economy has undergone an accelerated process of qualitative and systemic transformation. While in the mid-2010s the country’s nominal gross domestic product stood at approximately USD 60–65 billion, it has now reached USD 145 billion, as noted in the President’s Address. In practical terms, this represents more than a twofold expansion of the nation’s economic scale over an unprecedentedly short historical period.

In recent years, average annual economic growth has consistently remained at around six percent. This reflects not only the preservation of positive momentum, but also the economy’s capacity for sustained growth amid external shocks — including the pandemic, disruptions to raw material supplies and logistics chains, and global inflationary pressures.

Sectoral indicators corroborate this assessment. Over the past decade, industrial output has more than doubled, whereas in the early 2010s industry played a largely auxiliary role relative to the commodity-based and agricultural sectors. Today, mechanical engineering, the electrical equipment industry, and the chemical sector make a stable contribution to the economy, while the share of processing and manufacturing activities in the GDP structure has already exceeded 80 percent.

The dynamics of the agricultural sector are equally indicative. Whereas ten years ago production volumes remained the primary benchmark, today — as emphasized in the President’s Address — the priority has shifted toward processing and the export of finished products. The expansion of fruit and vegetable processing and the growth of food exports are shaping a more resilient development model, reducing the economy’s dependence on fluctuations in harvest yields and prices.

Investment dynamics also reflect qualitative change. In recent years, investment in fixed capital has been growing at a rapid pace and has reached levels well above historical averages, whereas in the early 2010s this indicator was significantly lower. At the same time, the composition of investment has shifted: while previously it was concentrated primarily in infrastructure and state-led projects, a substantial share is now being directed toward industry, energy, transport, and digital solutions. As a result, investment is beginning to support not only current growth, but also the formation of the country’s future productive base.

External trade dynamics further reinforce this picture. Over the past decade, Uzbekistan’s export revenues have more than doubled: whereas in the mid-2010s exports of goods and services stood at approximately USD 12–13 billion, in recent years they have consistently exceeded USD 24–25 billion. Crucially, this growth has been driven not only by favorable price conditions, but also by changes in the structure of export supplies.

This transformation is most clearly visible in the manufacturing and processing industries. Over the past decade, exports of textile products have increased more than threefold — from less than $1 billion to around $3 billion and above — reflecting a shift from raw-material exports to finished goods. A similar trajectory can be observed in the electrical engineering, chemical, and food industries, where export volumes have risen several times over as a result of expanded production chains and access to new markets.

Macroeconomic balance warrants particular attention. Economic and investment growth has been accompanied by the maintenance of a controlled level of public debt and overall financial stability. This is especially significant, as recent experience shows that rapid growth without adequate balance often leads to the accumulation of constraints on future development. The Address underscores that Uzbekistan has deliberately chosen a more cautious, yet strategically advantageous, development trajectory.

A comparison of developments over the past decade leads to a key strategic conclusion: the republic has reached a stage at which further progress is determined less by the sheer size of the economy than by its quality. This is why the President’s Address places central emphasis on boosting labor productivity, advancing technological modernization, and deepening industrialization. The achievements to date are viewed as the foundation upon which the economy of the coming decade is to be built.

Compared with the starting point a decade ago, the country’s economy has become larger, more diversified, and more resilient. These changes provide a long-term strategic foundation for improving citizens’ well-being and strengthening Uzbekistan’s position in both regional and global markets.

Another notable aspect of the President’s Address is its clear illustration of the feedback loop between the state and its citizens, particularly in terms of aligning ongoing reforms with the everyday needs of the population.

An analysis of the Address indicates that its priorities fully align with the issues consistently highlighted in public opinion surveys and citizen appeals over recent years. At the center of attention are employment, income levels, access to social services, the quality of education and healthcare, as well as fairness and efficiency in public governance.

Whereas in 2017–2018 poverty in Uzbekistan was measured in double digits (around 35 percent), by 2024 it had fallen to 8.9 percent.

The projected reduction to 5.8 percent in 2025 demonstrates that the country is not only approaching the previously set target — reducing poverty to six percent by the end of the year — but is actually surpassing it.

Moreover, the Address highlights a strategic goal of eradicating extreme poverty by 2030, making the fight against poverty a central pillar of the country’s long-term policy framework. This achievement has been made possible through the effective implementation of a series of social programs and reforms aimed at sustainably increasing household incomes, creating employment opportunities, and strengthening social protection.

For a significant portion of the population, particularly young people and residents of regional areas, access to stable employment and reliable sources of income is the key determinant of social well-being. Support for small and medium-sized enterprises, as well as the development of industry and infrastructure highlighted in the Address, directly responds to these expectations. International organizations, including UNDP and the Asian Development Bank, note in their studies that such a focus on employment is among the most effective tools for social stabilization.

Equally important as an indicator that the state listens to its citizens is its focus on the quality of basic services. In the Address, education, healthcare, and workforce development are presented as strategic priorities rather than secondary concerns. This aligns with the public’s expressed demand for improvements in human capital and social mobility.

The section on public governance also warrants special attention. In recent years, one of the most frequent requests from citizens has been the reduction of bureaucracy and the enhancement of transparency and accountability among officials.

Taken together, the content of the Address suggests that the state demonstrates the ability to listen to its citizens and translate public expectations into elements of strategic policy.

President Shavkat Mirziyoyev plays a particularly important role in this process as the key architect of these reforms. International financial and analytical institutions have repeatedly emphasized that political leadership is a decisive factor in the successful implementation of comprehensive reforms in countries with transitioning economies.

In Uzbekistan’s case, consistency, political will, and a focus on long-term results have made it possible to synchronize macroeconomic stabilization, social policy, and institutional reforms within a single strategic framework. The President’s Address serves both as a concentrated expression of this strategy and as a tool for its further deepening.

Taken together, the President’s Address to the Oliy Majlis and the people of Uzbekistan constitutes not merely an agenda for the next stage of reforms, but a strategic framework for the country’s future development. Supported by empirical data and assessments from leading international organizations, it strengthens domestic consensus and enhances the confidence of the international community. Its key significance lies precisely in its role as a document that defines the sustainability of reforms and the country’s long-term competitiveness.

Dunyo IA

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