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On July 24–25, Samarkand Will Bring Together Global Sister Cities at International Forum
On July 24–25, Samarkand Will Bring Together Global Sister Cities at International Forum

On 24–25 July, 2026, the city of Samarkand will host the International Forum of Brother Cities.

The forum will serve as an important international platform for dialogue, aimed at expanding Uzbekistan’s international cooperation, strengthening partnerships between cities, and promoting public diplomacy.

The forum program includes:

  • An international scientific and practical conference dedicated to developing cooperation between the cities of Uzbekistan and foreign countries;
  • Panel sessions and roundtable discussions covering a wide range of sectors;
  • Signing ceremonies for memorandums of cooperation and partnership agreements between brother cities;
  • Presentations focused on promoting public diplomacy and interregional cooperation;
  • Cultural and educational events with the participation of foreign delegations;
  • Guided tours of Samarkand’s historical and cultural landmarks;
  • Exhibitions showcasing the investment, tourism, and cultural potential of Uzbekistan’s regions.

According to the organizers, the International Forum of Brother Cities will provide a valuable opportunity to strengthen international partnerships, exchange best practices, and foster long-term cooperation.

 

Dunyo IA

Bakhtiyor Mustafayev: The visit of the President of Uzbekistan to Switzerland has set a new strategic trajectory for the country’s development
Bakhtiyor Mustafayev: The visit of the President of Uzbekistan to Switzerland has set a new strategic trajectory for the country’s development

Bakhtiyor Mustafayev, Deputy Director of the Institute for Strategic and Regional Studies under the Head of our state (ISRS), commented on the outcomes of the working visit of President of Uzbekistan Shavkat Mirziyoyev to Switzerland and his participation in the ceremony of signing the Board of Peace Charter in Davos:

- The participation of the President of Uzbekistan, Shavkat Mirziyoyev, in events held on the sidelines of the Annual Meeting of the World Economic Forum in Davos in January 2026 constituted a landmark development, reflecting the country’s transition to a new stage of international positioning.

Against the backdrop of increasing geopolitical uncertainty, Uzbekistan demonstrated an approach that aligns domestic reforms with evolving global expectations, positioning itself as a reliable and predictable partner for investment and initiatives in the field of security.

A central milestone of the working visit was the participation of the Head of State in the ceremonial signing of the Board of Peace Charter on January 22, 2026. The invitation extended to the President of Uzbekistan by the President of the United States, Donald Trump, to join this body as a founding member reflects a high level of international confidence.

Uzbekistan’s participation in the Board of Peace is grounded in clear strategic considerations.

First, this represents a natural continuation of the strategy of openness and multi-vector dialogue that Uzbekistan has consistently pursued in recent years.
Tashkent has been purposefully strengthening its presence across all major global platforms, actively participating in regional and international formats of the United Nations, the Shanghai Cooperation Organization (SCO), the Commonwealth of Independent States (CIS), the Organization of Turkic States (OTS), the Organization of Islamic Cooperation (OIC), and BRICS+.

The invitation extended to U.S. President Donald Trump to participate in the G20 Summit reflects the growing recognition of Uzbekistan as a responsible partner in global governance. Accession to the Board of Peace logically builds on this trajectory, reaffirming Uzbekistan’s capacity to engage on an equal footing with the world’s leading powers and to make a constructive contribution to the development of new mechanisms of international cooperation.

Second, Uzbekistan’s participation in the Board of Peace clearly demonstrates its firm commitment to a principled position on the Palestinian issue, where Tashkent combines humanitarian resolve with practical action.
Following President Shavkat Mirziyoyev’s public call for a ceasefire in November 2023, the country moved from words to deeds: USD 1.5 million in assistance was allocated through UNRWA, and in December 2024 Uzbekistan carried out a humanitarian evacuation of 100 wounded Palestinian women and children from Rafah.

Drawing on the successful experience of the Mehr program, Tashkent created comprehensive conditions for their medical treatment and social rehabilitation, effectively offering the international community a functioning model of practical humanitarianism. This state policy—going beyond declarations and implying real responsibility for human lives—became a key factor of trust in the formation of the Board of Peace.

Third, the Davos platform served as a catalyst for advancing Uzbekistan’s economic and investment profile toward a higher level of global competitiveness. Over the past decade, the country has demonstrated sustained economic growth: GDP has more than doubled to USD 145 billion, economic growth reached 7.7 percent in 2025, and foreign exchange and gold reserves exceeded USD 60 billion for the first time.

Structural transformation of the economy is reflected in the fact that more than 80 percent of GDP is generated by processing industries, while exports reached a historic high of USD 33.4 billion, representing a 24 percent increase. Equally significant are the social outcomes of the reforms, including a reduction in the poverty rate from 35 percent in 2017 to 5.8 percent in 2025, contributing to more inclusive economic development.

In addition, negotiations between the President of Uzbekistan and the leadership of BlackRock, the world’s largest asset manager, marked an important step toward attracting long-term and sustainable investment. Discussions on potential equity participation and the establishment of joint investment mechanisms indicate Uzbekistan’s growing integration into global investment processes. This confidence is also reflected in the activities of the European Bank for Reconstruction and Development (EBRD), whose total investments in Uzbekistan have reached nearly USD 7 billion, making the country one of the Bank’s key partners in the region.

Fourth, amid the fragmentation of the global order and the escalation of regional tensions, ensuring that the interests of Uzbekistan and Central Asia are adequately reflected in emerging security frameworks remains of critical importance. Participation in the Board of Peace serves as an instrument of preventive diplomacy based on the understanding of the interconnected nature of contemporary challenges and threats.

Uzbekistan is effectively establishing the first line of defence for its own security and for the stability of the entire region, ensuring that national and Central Asian interests are not marginalized in global decision-making processes.

In conclusion, it can be stated with confidence that President Shavkat Mirziyoyev’s visit to Switzerland has set a new strategic trajectory for the country’s development.

The combination of institutional consolidation within the Board of Peace, internationally recognized macroeconomic achievements, a consistent humanitarian stance, and the active promotion of regional interests at the global level positions Uzbekistan as a unique model of successful modernization in the contemporary world — a state that not only adapts to changes in the international system, but also earns the right to participate in shaping the global agenda of the 21st century.

 

Dunyo IA

Transport and Logistics Connectivity of the SCO Amid Geopolitical Turbulence: New Opportunities for the Regions
Transport and Logistics Connectivity of the SCO Amid Geopolitical Turbulence: New Opportunities for the Regions

In the current geopolitical climate, Uzbekistan's participation in the Shanghai Cooperation Organization (SCO) is acquiring particular strategic importance. The SCO serves as a crucial platform that allows member states to combine their efforts, both in times of stability and during periods of crisis and external shocks, as well as to develop coordinated approaches and joint solutions to issues of common regional interest.

In the transport sector, this is especially vital for maintaining the stability and continuity of international supply chains, diversifying routes, developing new transport corridors, and strengthening the interconnectedness of member states.

Over the past five years, Uzbekistan's international freight traffic with SCO member countries has increased by approximately 9 million tons, or 40%, reaching 33.5 million tons in 2025 and accounting for 80% of the country's total freight volume. Within this volume, the largest shares belong to Russia (33%), Kazakhstan (32%), China (16%), and Kyrgyzstan (10%).

According to the author's calculations, international freight traffic between Uzbekistan and SCO member states could reach up to 47 million tons by 2030.

Established in 2001 primarily as a mechanism for ensuring regional security, the SCO has significantly expanded its agenda over its 25-year history. Today, its framework addresses issues of trade, investment, energy, transport, logistics, digitalization, ecology, culture, and other areas.

With the expansion of the Shanghai Cooperation Organisation (SCO) to 10 member states, transport cooperation has acquired key importance in the organization's activities. The SCO's geographical area covers a vast territory, stretching from Belarus to India in the south—through Afghanistan, which has observer status—and latitudinally from China to Iran and Türkiye, a dialogue partner. Furthermore, an opportunity is emerging for the first time to connect the land transport systems of the Indian subcontinent and Eurasia, including China. This geographic configuration creates the foundation for linking key trade regions across Eurasia and establishing new international transport routes.

In recent years, the organization's member states have adopted a set of strategic documents that have formed the institutional framework for developing transport connectivity. These include:

The Concept for Cooperation of the SCO Member States on Developing Connectivity and Creating Efficient Transport Corridors – Samarkand, September 16, 2022;

The Concept for Cooperation between SCO Member States on Transport Decarbonization, Promoting Digital Transformation, and Innovative Technologies to Achieve Greater Efficiency and Sustainability – New Delhi, July 4, 2023;

The Concept for Cooperation of SCO Member States in the Development of Ports and Logistics Centers – Astana, July 4, 2024.

Concurrently, the SCO regularly holds meetings of the Joint Commission on Creating Favorable Conditions for International Road Transport, meetings of the heads of railway administrations, and meetings of transport ministers.

One of the key responses to contemporary challenges is the development of alternative land-based communications and the creation of a sustainable, interconnected digital transport ecosystem. This principle is shaping a new paradigm in the SCO's approach to logistics development.

The Tianjin Declaration of the SCO Council of Heads of State, adopted on

September 1, 2025, directly reflects this trend.

The document notes that, "The Member States, sharing the international community's aspiration to strengthen interconnectedness, advocate for the further development of cooperation in the transport sector on a fair and balanced basis in accordance with international law and the goals and principles of the UN Charter and the SCO Charter. They emphasize the importance of creating new and modernizing existing international transport routes, including promoting the activities of the North-South and East-West corridors, and harnessing the transit potential of the SCO Member States. They also note the SCO countries' initiatives on transport infrastructure and on ensuring the stable and uninterrupted functioning of supply chains through the digitalization of logistics procedures, including the organization of electronic data exchange on goods transported between SCO countries and the introduction of technological innovations".

At the same time, to achieve an integrated transport and logistics system for the SCO, it is necessary to eliminate the existing infrastructure gaps between the Organization's individual subregions.  One of the key challenges to transport interconnectivity among the SCO states remains the insufficient level of railway connectivity between the member countries. This hinders the formation of a unified, integrated railway network not only for the SCO but for all of Eurasia.

In this regard, the implementation of new transregional railway projects aimed at bridging existing infrastructure gaps and creating additional routes between Central, South, and East Asia is of particular importance.

In this respect, the projects initiated and supported by Uzbekistan to build new railway lines are of a significance that extends far beyond national infrastructure, acquiring a regional character.

One of the most significant infrastructure projects is the China–Kyrgyzstan–Uzbekistan railway[1].

The Tianjin Declaration specifically noted the launch of the China–Kyrgyzstan–Uzbekistan railway's construction. In this project, Kyrgyzstan and Uzbekistan can serve as a key link in a new transport logistics network. Furthermore, the development of land routes will allow the region's states not only to compensate for their lack of direct sea access but also to form a regional transport bridge between the largest markets of Eurasia.

On December 27, 2024, an official ceremony marking the start of the railway's construction was held in the Jalal-Abad region of Kyrgyzstan. The total length of the project is approximately 532.5 km. It involves the construction of railway stations, bridges, and tunnels, making it one of the most complex infrastructure projects in the region[2].

According to preliminary estimates, after commissioning, the freight volume on the new railway could reach 8 million tons by 2030, 10 million tons by 2040, and 13.5 million tons by 2050.

The project's importance lies not only in shortening the distance between China and Central Asia. Its strategic impact is the creation of a new component of the transportation network, which can later be integrated with routes to South Asia and onward to the ports of the Indian Ocean.

To link the countries of East Asia (China) with those of South Asia (India and Pakistan), the swift implementation of another project vital to the region is necessary: the construction of the Uzbekistan–Afghanistan–Pakistan railway line. The implementation of this project will create a new international multimodal transport corridor capable of connecting the European Union, the CIS countries, Afghanistan, Pakistan, and India, with subsequent access to the markets of Southeast Asia.

The project's fundamental importance lies in establishing a new, shorter overland route and providing a direct transport link between the SCO countries via a unified railway network.

As part of the project preparation, field studies have already been conducted, orthophoto maps and a digital terrain model have been prepared, and the technical part of the preliminary feasibility study for the route has been developed by the Boshtransloyiha design institute.

In July 2025, during the first meeting of the foreign ministers of the three countries in Kabul, a framework intergovernmental agreement was signed on the development of a feasibility study.

Preliminary estimates by the consulting firm EY (one of the Big Four) project a significant cargo potential for the project: up to 22 million tons per year by 2030 and up to 34 million tons by 2040[3]. A significant portion of this cargo base, up to 80%, is expected to come from transit flows.

The economic significance of the corridor extends beyond the transport sector. Its implementation could help bring Afghanistan's natural resources into economic circulation, create new professions and jobs, develop infrastructure, and establish new production and logistics chains.

The most significant strategic effect will be achieved not by implementing individual railway construction projects, but through their synchronized development and mutual integration. This will allow for the formation of an interconnected system of transport routes, expand the transit and export potential of the SCO countries, including Uzbekistan, and create the conditions for redistributing freight flows between East, Central, and South Asia.

In the long term, this will lay the groundwork for forming international multimodal transport corridors along the "China–Kyrgyzstan–Uzbekistan–Afghanistan–Pakistan–India," "China–Kyrgyzstan–Uzbekistan–Turkmenistan–Iran–Turkey–EU," and "CIS countries–Uzbekistan–Afghanistan–Pakistan" routes, providing access to Indian Ocean ports.

In this regard, the initiative by Uzbekistan's railway authorities to establish a Council for the Integration of SCO Railway Spaces, proposed in 2024[4], is of particular importance. The draft Concept for the Council was supported on March 27, 2026, at the sixth meeting of the heads of SCO railway administrations and was approved by the organization's transport ministers in April 2026.

The creation of the Council will make it possible to coordinate joint efforts to eliminate existing barriers, including differences in railway gauge, technical and technological standards, and rolling stock parameters, as well as to improve border procedures and unify transport documents.

Thus, the development of transport connectivity within the SCO creates opportunities not only for the member states as a whole, but also for individual regions, promoting their integration into international transport and logistics chains, expanding their transit potential, and attracting new cargo flows.

 

  1. T. Ibragimova
Head of the Department, Center for the Study of Transport and Logistics Development Problems at the Ministry of Transport of the Republic of Uzbekistan

 

[1] Железная дорога «Китай – Кыргызстан – Узбекистан»: новая транспортная артерия Евразии// https://t.me/projekt_office_smsc/339

 

[2]  О ходе строительства ж/д «Китай – Кыргызстан – Узбекистан» – новой транспортной артерии Евразии// https://www.youtube.com/watch?v=r9MTktgScAk

 

[3] О проекте строительства железной дороги "Узбекистан-Афганистан-Пакистан", 2025// https://www.youtube.com/watch?v=kbx2vVH2xHs

 

 

[4] Россия поддержит: перспективы двух крупных транспортных проектов в ЦА// https://uz.sputniknews.ru/20240219/russia-uzbekistan-perspektivy-transportnye-proekti-v-tsa-42568893.html

 

 

Uzbekistan’s Inclusive Turn: Solutions at the Level of Each Mahalla
Uzbekistan’s Inclusive Turn: Solutions at the Level of Each Mahalla

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

The relevance of transitioning to a new model

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

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

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

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

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

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

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

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

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

Infrastructure as an economic asset

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

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

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

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

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

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

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

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

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

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

Comparative advantages of mahallas

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

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

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

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

Deepening mahalla specialization

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

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

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

Comparative advantages of mahallas

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

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

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

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

Institutional changes in system governance

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

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

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

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

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

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

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

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

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

Conclusion

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

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

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

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

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

 

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

The President of Uzbekistan’s Visit to Serbia: A New Stage in Economic Partnership Between Central Asia and the Balkans
The President of Uzbekistan’s Visit to Serbia: A New Stage in Economic Partnership Between Central Asia and the Balkans

The globalization of today’s economy, together with the current geopolitical and geo-economic situation in the world, is shaping economic cooperation between states not only on the basis of geographical proximity, but also through the convergence of mutual interests.

Uzbekistan’s independent and balanced foreign policy is contributing to a steady annual increase in the number of its partner countries. While preserving cooperation with its immediate neighbours, this multifaceted foreign policy primarily serves to strengthen mutually beneficial relations with countries in different regions of the world. In particular, Uzbekistan’s relations with the Balkan states have developed across various fields in recent years. Cooperation with Serbia deserves special mention in this regard.

Diplomatic relations between Uzbekistan and Serbia were established on 18 January 1995. Since then, cooperation between the two countries has developed steadily at various levels. Although the pace of bilateral cooperation was relatively modest in certain years, Uzbekistan’s increasingly proactive foreign policy and its reforms aimed at diversifying international relations have significantly strengthened Uzbek–Serbian relations in recent years.

Over the past three to four years, mutually beneficial cooperation and political and economic dialogue between official Tashkent and Belgrade have reached a qualitatively new level. Exchanges between the two heads of state have consequently become important milestones in bilateral relations. In particular, the meeting between President of Uzbekistan Shavkat Mirziyoyev and President of Serbia Aleksandar Vučić, held on 20 August 2023 on the sidelines of the World Athletics Championships in Budapest, gave fresh impetus to cooperation between the two countries. The two leaders held their next meeting in Beijing on 3 September 2025. These meetings reaffirmed the parties’ interest in further expanding cooperation, particularly in trade, investment, industry, mechanical engineering, pharmaceuticals, agriculture, information technology, artificial intelligence, tourism, education and transport, as well as in intensifying interstate dialogue.

The fundamental principles of Uzbekistan’s foreign policy include, first and foremost, adherence to international law and the Charter of the United Nations, respect for state sovereignty and the inviolability of borders, friendship and mutually beneficial cooperation, non-interference in internal affairs, and the peaceful settlement of international disputes. From this perspective, the foreign ministries of the two countries are also conducting consultations on an equal footing and implementing measures aimed at advancing bilateral cooperation.

In August 2017, the Political Director of the Serbian Ministry of Foreign Affairs and the President’s Special Envoy for Kosovo, Zoran Vujić, visited Tashkent. During the visit, prospects for political dialogue and cooperation with international organizations such as the United Nations, the OSCE and UNESCO were discussed with his participation.

In 2021, political consultations were held in Tashkent with the participation of Serbian Ministry of Foreign Affairs State Secretary Nemanja Starović. On 9 October 2025, the second round of political consultations between the foreign ministries of Uzbekistan and Serbia was held by videoconference.

The signing in 2022 of the Protocol on Cooperation and Interministerial Consultations between the two countries’ foreign ministries marked the beginning of a new period in Uzbek–Serbian relations. The document established a legal basis for the parties’ strategic plans to hold regular consultations, broaden cultural and humanitarian dialogue, and strengthen political cooperation in order to further develop relations between the two states.

In September 2025, the foreign ministers of the two countries met on the sidelines of the United Nations General Assembly in New York. These engagements represented an important step towards establishing a new architecture of dialogue at various levels between Tashkent and Belgrade. As a result of these efforts, Uzbekistan appointed its first ambassador to Serbia in 2025, marking another important milestone in the further development of bilateral relations.

Although trade and economic cooperation between Uzbekistan and Serbia currently remains modest in scale, it is important to emphasize that the area holds considerable potential. Through Serbia, Uzbekistan has the capacity to expand its relations with other Balkan countries, including Croatia, Albania, North Macedonia, Montenegro and Slovenia.

A number of measures are being developed to increase Uzbekistan’s trade with the Balkan states and to prepare extensive cooperation programmes in mechanical engineering, pharmaceuticals, agriculture, the chemical industry, information technology and digitalization, the agro-industrial sector, tourism and many other important industries.

The geopolitical and geo-economic instability witnessed worldwide in recent years has also prompted Uzbekistan to further develop international transport corridors. Uzbekistan, which has direct access to every Central Asian country, is recognized as being favourably located for expanding links between China, India, Europe and other countries. In order to capitalize on these opportunities, the country is seeking to open new transport corridors along the Central Asia–Balkans route. For Uzbekistan, the comprehensive development of trade and economic relations with the Balkan states within the framework of the Trans-Caspian Corridor is of strategic importance.

There are currently around ten enterprises with Serbian capital operating in Uzbekistan, including two joint ventures, while the remainder operate as individually owned business entities. Although bilateral trade amounts to approximately USD 12 million per year, there is substantial untapped potential for developing economic, investment and trade relations.

An examination of the priority areas, agreements and contracts identified during official negotiations and business forums held between the two countries in 2023–2026 shows that imports of industrial equipment, machinery and mechanisms from Serbia are of particular importance to Uzbekistan. Key priorities include introducing Serbian technologies into Uzbekistan, establishing joint ventures, launching the production of automotive components in the country, localizing selected manufacturing industries, and turning Uzbekistan into a production base serving not only the Central Asian market but also European markets.

For Serbia, investment projects in Uzbekistan’s agriculture, food industry, food-processing equipment, digitalization, artificial intelligence, pharmaceuticals, textiles and automotive sectors are particularly relevant. These include introducing European technologies into Uzbekistan, applying European know-how and experience across sectors and industries, and contributing to regional development. This would enable the two countries to further advance industrial cooperation and implement promising joint projects in light industry, textiles, pharmaceuticals, automotive manufacturing and agriculture.

In conclusion, although political agreements between the two countries are important, the first essential factor in translating them into tangible economic results is the launch of transport corridors, while the second essential factor is creating broad opportunities for business. To make effective use of these factors, the following steps should be taken:

First, the transport corridor between the two countries should become more than merely a “freight route”; it should provide Uzbekistan with access to European global value chains through the Balkans.

Second, alongside increasing the volume of mutual trade, serious attention should be paid to its quality. Priority should be given to exports of high value-added goods rather than raw materials, semi-finished goods or basic products.

Third, mechanisms to promote investment between the two countries should be developed. Attracting Serbian capital and technologies to Uzbekistan’s economy, while expanding the presence of Uzbek businesses in Balkan markets, would generate significant benefits for both economies.

Fourth, joint production should be introduced through the establishment of industrial cooperation between the two countries. Rather than manufacturing a product in one country and exporting it to the market of the other, combining the resources and capabilities of both states to enter third-country markets would be more economically advantageous.

Fifth, transport and logistics integration between the two countries should be established. In the future, such integration would not only reduce transport costs but also facilitate the development of new transit routes, thereby expanding trade opportunities.

Sixth, efforts to develop human capital and introduce technologies into production should be intensified. In this context, economic cooperation would extend beyond the exchange of goods and further strengthen ties among specialists, researchers, engineers and entrepreneurs.

In summary, the new economic bridge between Uzbekistan and Serbia can serve as an important pillar of economic growth for the countries of Central Asia and the Balkans. As a result, Uzbekistan will gain opportunities to develop international transport corridors, improve the efficiency of transport and logistics processes, reduce cargo delivery times by two to three times, establish a dry port, and enhance its international trade and transit potential.

Nodirbek Rasulov,

Doctor of Economics, Professor,

Project Manager at the Institute for Macroeconomic and Regional Studies

First Quarter Shows Rising Business Activity Across Uzbekistan’s Regions – CERR
First Quarter Shows Rising Business Activity Across Uzbekistan’s Regions – CERR

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

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

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

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

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

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

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

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

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

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

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

Sultonmurod Ozodov, CERR

Proposals on further development and increase of competitiveness of the jewelry industry were considered
Proposals on further development and increase of competitiveness of the jewelry industry were considered

President Shavkat Mirziyoyev was given a presentation on measures to further develop the jewelry industry, support jewelry production and sales, and increase exports of finished products.

Our country has a huge potential for increasing production and export of jewelry.

As the head of state noted, only 6 percent of gold mined in the country is processed, and exports of its products amount to only 78 million dollars, so it is important to create jewelry zones with special conditions for entrepreneurs, to review the provision of raw materials, training of specialists, production chain and sales system.

In this regard, the Ministry of Economy and Finance and the Chamber of Commerce and Industry have developed relevant proposals.

In particular, it is planned to improve the activity of the Uzbekzargarsanoati association, expand its powers and reorganize the management system.

In order to support manufacturers of the industry, it is proposed to apply the benefits provided for members of the Association "Uzbekzargarsanoati" to individual entrepreneurs - manufacturers of jewelry, who are members of the Association "Uzbekzargarsanoati".

The possibility of establishing a zero rate of customs duty and value added tax on equipment, packaging and marking materials that are not produced in Uzbekistan and used in the jewelry industry for the period up to October 1, 2026 is being studied.

The issues of creation of special jewelry centers including production, exhibition and trade areas were considered. Information was provided on the placement of pilot projects in Tashkent and Namangan region.

The issue of increasing the volume of jewelry exports was discussed. It was proposed to establish a zero rate of customs duty for export of jewelry made in our country to the United States of America under the GSP system.

The head of state instructed to finalize the presented measures and work out a program for the development of domestic jewelry production for the period up to 2027.

CULTURE — THE TREE OF A NATION'S TRUST UZBEKISTAN — THE UNITED STATES
CULTURE — THE TREE OF A NATION'S TRUST UZBEKISTAN — THE UNITED STATES

Culture is one of the most powerful forces that brings nations closer together and strengthens mutual trust between countries. It is the face of a nation, the reflection of its spiritual identity, its history and future, and the cradle of centuries-old values. Today, relations between countries are shaped not only by economic interests but also by cultural and humanitarian cooperation, which gives international partnerships new meaning and significance.

In recent years, Uzbekistan's international cultural ties have expanded considerably as a result of the country's open and pragmatic foreign policy. The recognition of cultural diplomacy by the President of the Republic of Uzbekistan as one of the key instruments of foreign policy has significantly strengthened the country's presence in the global cultural arena. In this context, cultural cooperation with the United States occupies a special place.

Over the past several years, bilateral relations have steadily developed on the basis of this very principle. Cooperation in culture, education, academic exchange, and the preservation of cultural heritage has become an integral part of the partnership between the two countries. This demonstrates that Uzbekistan–U.S. relations are entering a new stage of strategic cooperation.

Turning to specific examples, cultural exchanges between the two countries have intensified since 2017. Concerts and master classes held in Tashkent with the participation of American conductors, musicians, and professors opened a new chapter in professional exchange between the musical communities of Uzbekistan and the United States. These visits contributed to the development of national artistic traditions and contemporary performance practices while creating new opportunities for future generations of musicians.

That same year, the American ensemble Gina Chavez Band performed at the 11th International Music Festival "Sharq Taronalari" ("Melodies of the East") held in Samarkand, the spiritual capital of Uzbekistan.

The festival provided American artists with a unique opportunity to become acquainted with the rich musical heritage of Central Asia. The band's subsequent participation in the International Jazz Festival in Uzbekistan demonstrated that cultural dialogue between the two countries has evolved into sustained and long-term cooperation rather than remaining a one-time initiative.

Education has become another important pillar of cultural cooperation. In 2017, professors from the Michigan State University College of Music conducted master classes at the State Conservatory of Uzbekistan. Later, in 2022, cooperation was established between the R. Glière Specialized Music School and Bemidji State University in Minnesota. These initiatives created new opportunities for young musicians while laying the foundation for long-term academic partnerships between educational institutions in both countries.

It is worth emphasizing that Uzbekistan's open foreign policy has significantly expanded the country's participation in the international cultural landscape. Prestigious international festivals held in Samarkand, Khiva, Bukhara, Kokand, Nukus, Namangan, and Andijan have not only showcased Uzbekistan's rich cultural heritage but have also strengthened humanitarian dialogue with countries around the world.

A remarkable example of cultural diplomacy in practice was the U.S. government's grant of USD 150,000 in 2019 for the restoration of the Tosh Hovli Palace in Khiva. The subsequent visit of representatives of the Smithsonian Institution further confirmed the continuity of cooperation in the field of cultural heritage preservation. During their visit, the delegation explored the historic city of Khiva and highly praised the cultural and historical significance of Uzbekistan's ancient cities.

Since 2020, cultural relations have become even more diverse. A special project launched in the United States to study traditional Uzbek dance, together with the regular participation of American specialists in the International Lazgi Festival in Khiva, the International Charity Arts Festivals in Nukus and Gulistan, the International Handicrafts Festival in Kokand, and the "Echoes of the World" Forum in Andijan, demonstrates the expanding scope and growing depth of cultural dialogue between the two nations.

This evolution reveals an important trend. While cooperation initially focused primarily on concerts and festivals, it has gradually expanded to include education, restoration, cultural heritage preservation, traditional crafts, dance, maqom music, and many other fields. This reflects the systematic development of bilateral cooperation and the emergence of a more comprehensive partnership.

Culture is not only a spiritual value but also a key component of the creative economy. Through cinema, music, tourism, handicrafts, and international festivals, countries strengthen their economic potential while promoting innovation and cultural exchange. From this perspective, cultural cooperation between Uzbekistan and the United States creates new opportunities for the development of creative industries in both countries.

Furthermore, the participation of American representatives in the International Bakhshi Art Festival in Khiva and the Third International Maqom Art Forum held in Namangan under the auspices of UNESCO and ICESCO has contributed to the international promotion of Uzbekistan's intangible cultural heritage. Such participation enhances the global recognition of Uzbek culture while fostering greater interest among the American public in Uzbekistan's rich artistic traditions.

This year, one of the most significant events was the meeting of the Ministers of Culture of the Central Asian countries and the United States, held in Tashkent. During the meeting, participants discussed prospects for expanding cultural and humanitarian cooperation, including the development of creative industries, digital cultural initiatives, professional exchanges, and collaboration in cinema, theatre, literature, and music.

At the conclusion of the meeting, the participants signed the Joint Statement of the Council of Ministers of Culture on the Preservation of Cultural Heritage, adopted within the framework of the C5+1 Summit held in Washington, D.C. In addition, Uzbekistan's Minister of Culture, Ozodbek Nazarbekov, met with Kazakhstan's Deputy Prime Minister and Minister of Culture and Information, Aida Balayeva, to discuss further strengthening bilateral cooperation in literature and theatre.

In conclusion, culture has become one of the most enduring pillars of international relations. Political circumstances may change, and economic priorities may evolve, but cultural ties remain deeply rooted in the hearts, minds, and shared memory of peoples.

Culture is a spiritual bridge connecting a nation's past with its present and its present with its future. Every investment in culture is, in essence, an investment in people, in the future of nations, and in lasting peace. The cultural partnership between Uzbekistan and the United States serves precisely these noble purposes. The seeds of trust being planted today will grow into a strong tree of friendship between our peoples tomorrow. Under its branches, future generations, creative professionals, and representatives of diverse fields will come together, contributing through culture and the arts to the prosperity of both nations.

The Second Asian Women’s Forum to be held in Bukhara on May 13–15
The Second Asian Women’s Forum to be held in Bukhara on May 13–15

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

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

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

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

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

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

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

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

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

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

 

Dunyo IA,

Tashkent

Over the past 8 years, New Uzbekistan has absorbed over 113 billion dollars of foreign investments
Over the past 8 years, New Uzbekistan has absorbed over 113 billion dollars of foreign investments

On the eve of the 34th anniversary of our country's independence, the Executive Board of the International Monetary Fund has finalised the 2025 consultations in accordance with Article IV of the IMF Agreement. The main conclusion on the essence of the ongoing reforms is positive prospects for Uzbekistan's economic development against the backdrop of continued progress in the transition to a market economy. According to the published document, economic indicators remain strong, including sustainable growth rates, reduction of the consolidated budget deficit, current account deficit and sufficient level of international reserves.

Successful and effective implementation of structural reforms, according to the Fund's specialists, allows us to conclude that the prospects are favourable. Against the background of a high degree of uncertainty in global trade policy, the IMF baseline scenario predicts that real GDP growth will remain stably high in the coming years. Such trends are the result of economic openness, industrialisation, active investment policy and support for the formation of export potential of promising industries.

The set of reforms and effectively implemented decisions is consistent with available internal resources and reserves for long-term sustainable development of the country and regions. The course towards irreversible market transformations makes it possible to skilfully combine the instruments of targeted state support and opportunities for entrepreneurial initiative on the way to building a New Uzbekistan.

In recent years, as a result of openness and growing confidence in our country, there has been a progressive increase in capital investment. In 2017-2024, the total volume of foreign investment absorbed exceeded $113 billion. Foreign direct investment and loans account for more than 80 per cent of them. Activity in attracting finance is observed in the leading industries and the fuel and energy complex, which has a corresponding impact on the acceleration of industrialisation processes in almost all regions.

Increasing investment cooperation with China, Russia, Germany, Turkey, Saudi Arabia, the Netherlands, the USA, the UK and other countries is becoming a source of attraction of advanced technological solutions and expertise, management methods, localisation of production and strengthening the export potential of promising industries and regions of Uzbekistan. Attracted resources are mainly invested in the technological re-equipment and modernisation of existing production facilities and the creation of new production facilities that did not exist before.

Over the past eight years, investment programmes have launched more than 96,000 projects worth about $100 billion, creating 1.8 million jobs. In 2024, compared to 2017, the value of investment projects put into operation increased almost eightfold, and the number of jobs grew 2.6 times.

We emphasise the factor of active involvement of our Head of State in this process. As a result of visits and top-level events, 366 investment agreements worth $75 billion have been reached since the beginning of this year. In particular, this year road maps have been approved for 222 investment projects worth about $45 billion.

Within the framework of the IV Tashkent International Investment Forum (June this year), agreements were reached on investments worth more than $30 billion (for the implementation of 144 joint projects). In April 2025, on the margins of the 5th International Industrial Exhibition "INNOPROM. Central Asia", held in Tashkent, within the framework of the 43 investment agreements reached, it is planned to attract an additional billion dollars to the industrial sector of the country.

In recent years, there has been an active practice of holding events to inform the international community about opportunities for the implementation of joint projects. Thus, this year, forums were held in 13 foreign countries as part of the Investors' Day of Uzbekistan, attended by representatives of 700 well-known foreign companies. More than 200 investment projects worth six billion dollars were presented to potential partners.

Among the important elements of Uzbekistan's modern industrial policy is localisation of production of high quality and competitive products, reduction of imports of finished goods and components. In accordance with the Localisation Programme, which included about 10 thousand projects, almost 300 trillion soums worth of products have been produced over the period 2020-2024. This led to import substitution in the amount of about $25 billion. The Localisation Programme allowed the creation of new production facilities for previously imported goods, contributed to changing the sectoral structure of industry and reducing dependence on external supplies by expanding the range of products and services.

THE NUMBER OF EXPORTERS IS GROWING

The formation of an export orientation has become one of the main conditions for success in implementing the plans outlined for Uzbekistan's industrialisation. Over 2017-2024, the total volume of exports exceeded $132 billion. It is noteworthy that the average annual growth rate of the country's exports over the period was 12-23 per cent. As a result of systematic and targeted support for exporters, the geography of exports of domestic products expanded by 55 states in 2024 and reached 186 countries over the past eight years. Last year, the number of exporting enterprises increased by 3,143 and their total number totalled 7,343.

Only due to the increase in the share of exports of higher value-added products in 2024, shipments to foreign markets increased by a billion dollars. Entering new promising markets, in turn, requires a significant improvement in the quality of manufactured products and their compliance with international standards. As part of the GSP+ programme, we implemented a set of organisational and technical measures to obtain Global G.A.P., Organic, OEKO-Tex, BSCI, CE marking certificates for our products and transition to ISO standards at more than five thousand enterprises. This made it possible last year alone to provide additional exports of 617 types of products worth $1.4 billion to the European Union.

Transition to more demanding standards and technological processes makes it possible to achieve the goals of producing and selling products of a completely different quality in new markets. Export supplies of goods to developed countries confirm the correctness of the chosen strategy, demonstrating its undeniable results. For example, due to the expansion of export geography and correct response to the conjuncture, the selling prices of Uzbekistan's fruit and vegetable products last year increased by an average of 14 per cent.

The industrial trend of economic development, having ensured a technological leap in a number of sectors, has had a significant impact on the evolution of the commodity nomenclature of exports. Quite recently, Uzbekistan was associated as a country with a monoculture of cotton, and its products were practically the sole leader of exports with absolute dominance of raw materials. In this regard, according to IMF experts, there is a decline in the share of cotton fibre exports from 0.2 per cent of GDP to zero from 2021 in the long term. Today Uzbekistan exports more and more high-tech products, and by 2024 its nomenclature has reached four thousand items.

For example, compared to 2017, exports of primary goods fell by 22 per cent last year, while the share of exports of finished goods increased 3.3 times, semi-finished goods - 4.4 times, and exports of services increased 2.9 times. At the same time, the transition to advanced processing of cotton contributed to the doubling of exports of garment and knitwear products to one billion dollars. This allowed our country to become the second supplier of textile products in the Russian market.

Domestic products are becoming a recognisable national brand, enjoying trust and popularity among foreign consumers. Last year, the goods of about 300 Uzbek enterprises received registration on the well-known electronic commercial platforms Alibaba, Wildberries and Ozon. As a result, sales of our companies reached $680 million.

At the end of the first half of 2025, the volume of exports grew by 33 per cent year-on-year and approached $17 billion. Since the beginning of the year, 1,557 domestic companies have been added to the exporters, accounting for $650 million in shipments.

The steady trend away from raw material exports towards finished high-tech products and services (tourism, transport, construction, IT and others) continues.

INVESTMENT DIALOGUE

It should be noted that our country is building and effectively operating an institutional environment to address strategically important issues of industrial development with a clear export orientation by attracting foreign capital. For this purpose, the relevant ministry and state agencies responsible for this complex of issues, as well as organisations promoting interaction between the state and the private sector have been established.

The Council of Foreign Investors under the President of the Republic of Uzbekistan is an institutional platform for direct dialogue between the government and investors (including international financial institutions). The Council's work as an advisory and consultative body effectively promotes the attraction of foreign direct investment in priority sectors of the economy and the organization of quality business dialogue, taking into account international best practices.

The Council operates under the patronage of the President of Uzbekistan, who personally attends meetings of this body. In order to organise systematic work on attracting investments, the relevant decree of the leader of the country was adopted to implement the agreements reached at the last meeting of the Council. The document also implies ensuring the systematic implementation of initiatives and proposals put forward by the participants of the meeting, as well as measures to improve the activities of the Secretariat of the Council of Foreign Investors.

In parallel with the formation of an effective institutional environment, consistent work is being done to improve the legislative framework to ensure advanced industrial development, intensify investment processes and expand the export potential of industries and regions of the country. This process is under the close attention and direct involvement of Uzbek parliamentarians. As a result, in recent years more than 500 functions of the State in regulating business have been abolished, and about 70 functions have been transferred to public-private partnerships and outsourced to the private sector. Seventy-two types of licensed activities and 40 permits have been legally abolished to improve the business climate and simplify the business environment.

POSITIVE ASSESSMENT

These transformations are positively assessed by foreign rating agencies and organisations. Thus, according to the Index of Regulatory Restrictions on Foreign Direct Investment (Organisation for Economic Development and Cooperation), our country has the best rating among the Central Asian region. This year, the country's performance on the Heritage Foundation's Index of Economic Freedom, the indicators ‘Freedom of Trade’ and ‘Freedom of Investment’ has improved considerably.

Let us return to the assessment of the prospects of dynamics and effectiveness of reforms based on the results of the recent IMF consultations with Uzbekistan in accordance with Article IV of the IMF Agreement. According to the Fund's outcome document, the opportunities arising from accelerated structural reforms, increased income and capital inflows, and favourable commodity price dynamics are positive for Uzbekistan's sustainable development.

Analysis of industrialisation indicators, investment activity and expansion of export indicators testifies to the real effectiveness of the ‘Uzbekistan - 2030’ Strategy and a set of accompanying measures to strengthen the country's economic potential and international standing. This, in turn, becomes a demonstration of the irreversibility of reforms aimed at building an independent New Uzbekistan.

 

Deputy of the Legislative Chamber

of the Oliy Majlis of the Republic of Uzbekistan,

Doctor of Economic Sciences, Professor Durbek Akhmedov

A system will be created in Uzbekistan to continuously improve the knowledge of citizens and civil servants in the fight against corruption
A system will be created in Uzbekistan to continuously improve the knowledge of citizens and civil servants in the fight against corruption

The President of Uzbekistan has signed the Resolution “On measures to introduce a system of continuous improvement of knowledge of the population and civil servants in the fight against corruption”.

The legal and institutional framework for preventing and combating corruption has been improved in Uzbekistan in recent years. At the same time, there is a need to raise to a new level the system of developing an intolerant attitude towards corruption among the population and civil servants, immunizing them with ‘integrity vaccine’, as well as increasing knowledge and skills in the fight against corruption based on the requirements of the time.

In this regard, the President of Uzbekistan has signed the Resolution “On measures to introduce a system of continuous improvement of knowledge of the population and civil servants in the fight against corruption”.

The Resolution will introduce a system of continuous improvement of knowledge of the population and civil servants in combating corruption.

For this purpose, from January 1, 2025, the Virtual Anti-Corruption Academy electronic platform (Virtual Academy) will be launched.

The Anti-Corruption Agency and the Law Enforcement Academy are in charge in organization and conduct of educational activities at the Virtual Academy. The Agency forms a contingent of civil servants who are subject to training, in agreement with the Academy, approves the annual training schedule, and monitors the quality organization of the educational process. The Agency submits annually information on the activities of the Virtual Academy to the National Anti-Corruption Council.

The key is that any citizen will have the opportunity to voluntarily study at the Academy’s basic courses. In particular, educational programs of various formats will be developed for preschool and school children, students, entrepreneurs, and representatives of nongovernmental organizations, taking into account their age, level of development and field of activity.

Increasing knowledge and skills in combating corruption at the Academy is mandatory for all civil servants.

This, undoubtedly, is of great importance in increasing the legal consciousness and culture of the population and civil servants, creating legal immunity from corruption in society, and cultivating the integrity values in the younger generation.

Training at the Virtual Academy in basic courses is organized free of charge for all users, and advanced training in special courses is fee-based.

The Agency formulates recommended annual research topics in the field of anti-corruption for higher education institutions and research organizations. All higher education and research organizations will annually submit to the Agency the results of research they conducted in the area. The Academy will maintain an electronic database on achievements, domestic and foreign experience, scientific, methodological and practical developments and research work.

Based on the Resolution, a Road Map is approved to ensure the effective functioning and strengthening of the material and technical base of the Virtual Anti-Corruption Academy electronic platform.

According to it, the Virtual Anti-Corruption Academy electronic platform and its mobile app will be launched by January 1, 2025. Special programs and content organized in the Virtual Academy for pre-school and school children, and students will be developed by October 1, 2024.

As part of the Global Resource for Anti-Corruption Education and Youth Empowerment (GRACE) Initiative, measures will be taken to create high-quality animated films, video and audio materials intended for students.

The launch of the Virtual Academy will serve to accelerate the formation of an intolerant attitude towards corruption in society, as well as the introduction of a system of continuous improvement of the knowledge and skills of the population and civil servants in the fight against corruption.

 

Dunyo IA

Writers’ Union of Uzbekistan
Writers’ Union of Uzbekistan

Agency for Information and Mass Communications
Academy of Sciences of the Republic of Uzbekistan
Republican Center for Spirituality and Enlightenment
 
In accordance with the implementation of the decision of the President of the Republic of Uzbekistan dated June 4, 2024, “On the Establishment of the International Prize named after Muhammad Rizo Ogahiy in the Field of Literary Translation”, and in order to comprehensively support the translation of the best works of Uzbek literature into foreign languages and selected masterpieces of world literature into Uzbek, the International Prize named after Muhammad Rizo Ogahiy in the field of literary translation is hereby announced.
 
This international literary competition, being held for the first time in our country, aims to appropriately recognize the devoted translators who are widely promoting our national literature abroad and presenting the finest works of world literature to Uzbek readers. It also seeks to foster a love of reading among the youth and to increase international interest in the creative works of Uzbek authors.

Translation works published in book form or in print/electronic literary media over the past five years from the date of this announcement are eligible for submission.

The international competition will be held in the following categories, and only works meeting the minimum required volume will be accepted:

Best translation of a prose work of Uzbek literature into a foreign language – minimum of 10 printed sheets;

Best translation of a poetic work of Uzbek literature into a foreign language – minimum of 5 printed sheets;

Best translation of samples of Uzbek children's literature into a foreign language – minimum of 5 printed sheets;

Best translation of a prose work originally written in a foreign language into Uzbek – minimum of 10 printed sheets;

Best translation of a poetic work originally written in a foreign language into Uzbek – minimum of 5 printed sheets;

Best translation of samples of children's literature originally written in a foreign language into Uzbek – minimum of 5 printed sheets.

Translations in the genre of drama will be reviewed under the relevant categories mentioned above.

Submissions for the international competition will be accepted by the Writers’ Union of Uzbekistan until September 1, 2025.

Each winner will be awarded a special diploma, a badge of honor, and a one-time cash prize equivalent to 300 times the base calculation amount.

More information can be found on the competition website ogahiymukofoti.uz