The year 2025 marked a stage of qualitative renewal and consolidation of Uzbekistan’s foreign policy positions. Amid a complex and ambiguous international environment characterized by rising geopolitical tensions, the transformation of global institutions, and intensifying competition for resources and markets, Uzbekistan, under the leadership of President Shavkat Mirziyoyev, consistently pursued an open, pragmatic, active, and proactive foreign policy. This approach not only helped preserve the stability of external relations but also infused them with new substantive content aligned with the country’s long-term interests and domestic development priorities.

As emphasized by the President of Uzbekistan, Shavkat Mirziyoyev, in his Address to the Oliy Majlis and the people on December 26, 2025, “in recent times the country has been becoming an international platform for dialogue where global issues are discussed.”

As an integral part of the large-scale socio-economic reforms underway in the country, the diplomatic strategy of New Uzbekistan was aimed at creating favorable external conditions for economic modernization, attracting foreign investment and tourists, expanding export potential, and strengthening humanitarian and cultural ties. The foundations of this foreign policy course remained the principles of openness, equal partnership, mutual respect, non-interference in the internal affairs of states, and strict adherence to international law.

Political dialogue at the highest level with prominent world leaders has reached a new stage and become regular. New agreements have been reached with the leaders of the United States, China, Russia, France, Italy, Turkey, South Korea, Japan, Malaysia and a number of Arab states. In 2025, the number of bilateral meetings at the level of heads of state and government exceeded 55, which indicates a growth in mutual trust with foreign partners.

A similar trend was observed in the development of intensive high-level political dialogue. Throughout the year, high-level Uzbek delegations carried out 172 visits to 93 countries, covering virtually all key regions of the world. Representatives of ministries, agencies, and regional administrations also played a substantial role in shaping the international agenda. With the support of diplomatic missions, they undertook around 300 official visits to more than 50 countries, bringing foreign relations to a more practical and results-oriented level.

Acting as an active host, Uzbekistan has become one of the centers of world diplomacy. This is clearly demonstrated by the fact that the country has hosted forums, assemblies and conferences of the Inter-Parliamentary Union, the United Nations Civil Service, the UNESCO General Conference, the International Climate Conference, the Tashkent Summit of the countries of the region and a number of other major events. Our country has hosted over 120 high-level foreign delegations, as well as about 300 delegations from regional authorities of foreign states. These contacts have contributed to the development of interregional cooperation, the establishment of direct links between business circles and the expansion of the legal framework for cooperation.

Central Asia traditionally occupies a special place in Uzbekistan’s foreign policy strategy. In 2025, this priority received further institutional development. Uzbekistan chaired the Consultative Meeting of the Heads of State of Central Asia, with the chairmanship implemented for the first time on the basis of a comprehensive standalone program. Its agenda covered economic cooperation, transport connectivity, environmental issues, rational use of water resources, and humanitarian exchanges.

The organization of more than twenty major events and the holding in Tashkent of a summit of Central Asian leaders—historic in its outcomes and chaired by President Shavkat Mirziyoyev—became the culmination of regional diplomacy for the year. These developments confirmed the region’s aspiration to deepen mutual trust and pursue joint development.

Today, we can say with confidence that our vast region is becoming a unified, fully-fledged player in world politics for the first time in a long time. This is evidenced by the growing attention of the international community and the changed perception of the region on the global stage. A striking example is the development of the ‘Central Asia Plus’ formats, which in 2025 were filled with new concrete practical content. The summits with the European Union, China, Russia, the United States and Japan clearly demonstrated the region's increased role in global politics and strengthened its position as an area of stability, predictability and mutually beneficial cooperation.

An important direction of Uzbekistan’s foreign policy in 2025 was the further expansion of its geographical reach. Alongside traditional partners in the CIS, Europe, and Asia, contacts with countries in Eastern Europe, the Middle East, Africa, and South America were intensified. The first-ever bilateral high-level engagements with Slovakia, Serbia, Jordan, Paraguay, and several other states testified to the consistent expansion of Uzbekistan’s international presence. As a result, the total number of countries with which Uzbekistan maintains diplomatic relations reached 165.

Against this backdrop, several events of strategic significance had a profound impact on Uzbekistan’s foreign policy positioning in 2025. The signing of the Enhanced Partnership and Cooperation Agreement with the European Union and President Shavkat Mirziyoyev’s visit to Brussels marked a transition in relations with the EU to a qualitatively new level. The agreement established a solid legal framework for deepening political dialogue, expanding trade and economic ties, attracting investment, and developing cooperation in sustainable development, the green economy, and digitalization, while also reflecting the high assessment by European partners of Uzbekistan’s ongoing reforms.

Continuing its course toward expanding and deepening engagement with key global centers of power, Uzbekistan steadily developed relations with the United States. A landmark event in this regard was the successful outcome of the “C5+1” summit held in Washington in November, which brought together the leaders of the United States and the Central Asian states. Uzbekistan’s role in this format has been widely recognized by international experts and policymakers as that of a key initiator of regional cooperation and a responsible partner of the United States in the areas of sustainable development, security, economic interaction, and humanitarian ties.

Equally significant was the participation of the President of Uzbekistan in the session of the United Nations General Assembly. The head of state’s address from the UN’s main international platform reaffirmed the country’s commitment to multilateralism, peaceful dialogue, and the collective search for solutions to pressing global challenges.

In 2025, four resolutions initiated by Uzbekistan were adopted by the UN General Assembly, reflecting the country’s priorities in sustainable development, regional security, and humanitarian cooperation. In addition, Uzbekistan was elected to several authoritative UN bodies, underscoring the growing trust of the international community.

A historic event of the year was the holding of the 43rd session of the UNESCO General Conference in Samarkand. For the first time in forty years, this forum took place outside Paris, representing unprecedented recognition of Uzbekistan’s cultural, historical, and civilization significance. For several days, Samarkand became a global platform for dialogue on education, science, and culture, strengthening the humanitarian dimension of Uzbekistan’s foreign policy and its image as a center of intercivilizational interaction.

Alongside active political diplomacy, economic diplomacy developed dynamically in 2025, firmly establishing itself as one of the key instruments of the country’s foreign policy. Systematic work within the framework of “Ministry of Foreign Affairs — diplomatic missions — sectoral agencies — regions” yielded tangible results in attracting foreign investment and expanding external economic ties. Over the first ten months of the year, USD 34.4 billion in foreign investment was mobilized with the support of diplomatic missions.

The effectiveness of Uzbekistan’s economic policy received high praise from international financial institutions and rating agencies. In 2025, Fitch Ratings and S&P upgraded the country’s sovereign credit rating from “BB-” to “BB,” while Moody’s revised its outlook from “stable” to “positive,” reflecting growing confidence in the economy and the sustainability of ongoing reforms.

The intensification of foreign economic activity also contributed to the growth of trade indicators. Over the first eleven months of 2025, Uzbekistan’s foreign trade turnover reached USD 72.7 billion, with exports amounting to USD 30.8 billion—an increase of USD 6.6 billion compared to the same period of the previous year. A significant reduction in the trade deficit was the result of targeted efforts by diplomatic missions to diversify markets and promote domestic products abroad.

Tourism, as an element of “soft power,” played an important role in shaping Uzbekistan’s positive international image in 2025. Over eleven months, the country was visited by 10.7 million foreign tourists, with more than one million foreign visitors welcomed each month on average. Active participation in international exhibitions, large-scale promotional events abroad, and the hosting in Tashkent of the first “Central Asia–European Union” Tourism Forum helped strengthen Uzbekistan’s position as one of the most promising tourist destinations in the region.

Considerable attention was also devoted to protecting the rights and interests of Uzbek citizens abroad, an important humanitarian dimension of foreign policy. From January to September 2025, more than 385,000 consular actions were carried out, including the return of unlawfully confiscated documents and the recovery of unpaid wages, alongside the implementation of programs facilitating the return of compatriots to their homeland. In parallel, digital consular services were improved, the geography of visa-free and simplified entry for Uzbek citizens was expanded, and cooperation with diaspora communities was strengthened.

In summary, the outcomes of 2025 clearly demonstrate that Uzbekistan’s foreign policy has reached a high level of maturity, consistency, and effectiveness. The country not only strengthened its positions on the international stage but also successfully leveraged diplomatic instruments to support domestic development, enhance investment attractiveness, and improve the quality of life of its citizens. Uzbekistan concludes the year with an expanded network of partnerships, a robust legal and contractual framework, and a clear vision for the future—remaining open to the world and looking ahead with confidence and optimism.

Dunyo IA

Starting January 1, 2026, Value-Added Tax will be exempted for Farmers and Dehkan producers

С 1

Almost half of the population of the Republic of Uzbekistan lives in rural areas. Millions of hardworking individuals in these communities play a crucial role in ensuring the country’s food security and establishing a solid foundation for the export of agricultural products. The nation’s development cannot be limited solely to urban centers; it is equally important to ensure that life in rural and peripheral regions is comfortable and sustainable.

The care for rural residents and the stimulation of their activities merit special attention from both the state and society. Governmental support measures have become pivotal in strengthening the agricultural sector.

However, the agricultural industry still faces significant challenges, including high tax burdens and limited access to financing, which contribute to the expansion of the informal economy. According to various estimates, up to half of agricultural producers operate outside the legal framework, resulting in reduced profitability and hindering sectoral development. Without genuine incentives to transition towards a formal economy, the agrarian sector’s capacity for investment and modernization will remain constrained.

In this context, the introduction of a zero rate of Value Added Tax (VAT) starting January 1, 2026, for farmers and dehkan producers selling their own products—including vegetables, fruits, meat, milk, eggs, and other food items—is a timely and significant measure. Producers of grain and cotton are excluded from this provision, as these sectors are regulated through state-managed clusters.

The existing practice of VAT refunds on expenses related to the production of seeds, fertilizers, fuel, logistics, electricity, and other operational costs will remain in place. As a result, farmers are expected to save up to 700 billion Uzbek soms annually.

The zero VAT rate will reduce the tax burden, increase farmers’ net income, and enable the allocation of additional funds toward modernization.

According to projections, farm profitability is expected to rise from 5–7 percent to approximately 15 percent. This measure will also facilitate more accurate planning of subsidies and incentives.

Another positive impact will be the growth of domestic processing industries. When products are processed locally, demand for investment in processing facilities and export logistics chains increases, leading to job creation and improved working conditions.

The reorientation of agriculture towards food crops has been one of the strategic priorities pursued in recent years.
Areas allocated to cotton and grain cultivation are being reduced, while orchards, vineyards, and vegetable crops are being developed instead. Approximately 1,500 food production projects have already been implemented, with a total investment of around one billion dollars.

The introduction of a zero VAT rate will further stimulate processing and export activities, strengthening the potential of the agro-food sector and enhancing the competitiveness and attractiveness of its products on the international market.

For farmers and dehkans, this presents an opportunity to retain a significant portion of their income. The savings can be directed towards farm development, improving working and living conditions, and modernizing production processes. Rural areas will benefit from job creation, technology influx, higher product quality, and a favorable environment for sustainable development.

For the state, this translates into a reduction of the shadow economy, increased transparency in reporting, and more accurate planning of support measures, tax incentives, and development programs. For society at large, it means access to higher quality and more affordable food products, enhanced resilience of the rural economy, and the strengthening of domestic agro-industrial value chains.

Nadira RASHIDOVA,

Member of the Legislative Chamber of the Oliy Majlis.

The 22nd International Exhibition on Woodworking. Furniture components. Furniture and Interior Design – WoodTech & MebelExpo Uzbekistan 2026, the flagship annual event for professionals in the furniture and woodworking industries, will take place from 28 to 30 April 2026 at the Uzexpocentre National Exhibition Centre in the city of Tashkent.

With more than two decades of history, the exhibition continues to serve as a major industry platform, bringing together leading manufacturers, suppliers and experts in technological solutions for woodworking, furniture production and interior design.

More than 120 companies and brands from 12 countries are expected to exhibit. As in previous years, the Turkish national stand will be represented, while companies from China and the Ulyanovsk Region of the Russian Federation have announced their collective participation. A comprehensive showcase of products by Uzbek manufacturers of furniture components and finished furniture is also expected.

The exhibition will feature the latest woodworking machinery and tools to be demonstrated in operation, alongside materials, components and supplies for furniture manufacture, as well as furniture chemicals and a selection of finished pieces for both home and office interiors.

Visitors can expect product launches, live demonstrations, specialist presentations, masterclasses and business meetings, supported by a varied programme of industry-focused events.

Exhibitors will represent the full spectrum of furniture component manufacturing, including boards and panels, fittings and fixings, accessories, fillings, foam, profiles and facades, as well as upholstery fabrics and eco-leather. A dedicated section will focus on furniture chemicals, with a particular emphasis on adhesives, coatings and finishes.

Developments in woodworking technology will be presented by many leading equipment suppliers and distributors. The exhibition will also include furniture collections from both local and international manufacturers, offering practical and contemporary interior solutions for residential and commercial spaces.

The exhibition promotes intensive dialogue among industry experts, equips and upgrades domestic furniture production with the products from the world's best manufacturers, and provides domestic furniture makers with in-demand raw materials and supplies, thereby improving the quality, environmental friendliness, and range of furniture products, as well as their competitiveness in domestic and international markets.

According to the organizers—the international exhibition company Iteca Exhibitions and its partner ICA Eurasia Group—visiting the exhibition requires online registration via the link: https://clck.ru/3SHoAH .

IA “Dunyo”

The formula of "comprehensive strategic partnership" in relations between Uzbekistan and Türkiye has in recent years ceased to be merely a diplomatic definition and increasingly reflects the actual substance of bilateral cooperation. Political dialogue, economic collaboration, humanitarian contacts, and transport connectivity form the stable pillars of systemic Uzbek-Turkish relations.

Analysis of the current state of partnership between the two countries confirms that Tashkent and Ankara have successfully established an institutional architecture for comprehensive strategic partnership. The key mechanism of bilateral interaction is the High-Level Strategic Cooperation Council co-chaired by the presidents of both states, with its fourth meeting scheduled for 2026. This format ensures systematic political dialogue and coordination of joint efforts across a broad spectrum of areas.

An important factor in the effective functioning of this institutional system is the active and trusting dialogue between Presidents Shavkat Mirziyoyev and Recep Tayyip Erdoğan, maintained through regular telephone conversations and meetings on the sidelines of international events. Such dynamics impart a personal dimension to strategic interaction and create a favorable environment for deepening practical cooperation at the levels of governments, businesses, and expert communities of both countries.

Uzbek-Turkish relations gain an additional dimension through cooperation within the Organization of Turkic States (OTS). The participation of Tashkent and Ankara in this organization's activities allows bilateral initiatives to be elevated to a broader regional level and to find synergy with other countries of the Turkic world. OTS summits, including those held in 2025, have demonstrated participants' commitment to giving practical substance to cooperation from economy and transport to culture and digital development.

For Uzbekistan and Türkiye, this creates opportunities for advancing joint projects, harmonizing approaches to the regional agenda, and strengthening their positions in a broader geopolitical space.

Uzbek-Turkish cooperation carries significant regional and international dimensions. During a meeting in the "4+4" format in January 2026, the parties discussed regional and international issues, including the situations in Afghanistan, Gaza, Ukraine, and Syria. This demonstrates the two states' intention to coordinate their positions on key items of the international agenda.

Against the backdrop of strengthening political understanding and institutional consolidation of Uzbek-Turkish partnership, the economic component of bilateral relations acquires particular importance, becoming a key driver for their further development.

Trade and economic cooperation between Uzbekistan and Türkiye has demonstrated consistent progress in recent years. The target of raising bilateral trade turnover to USD 5 billion in the medium term and to USD 10 billion in the longer term remains relevant and reflects the potential of bilateral ties. Trade volume in 2025 exceeded USD 3 billion, indicating significant progress compared to figures from eight years prior.

Particularly noteworthy is the structure of economic interaction. The relationship involves not only trade but also the formation of a stable investment presence. By the end of 2025, more than 2,100 enterprises with Turkish capital participation were operating in the country a testament to the establishment of a sustainable Turkish business ecosystem in Uzbekistan and one of the highest figures among Uzbekistan's foreign partners. The dynamics of direct investment from Türkiye clearly confirm the progressive strengthening of this area of cooperation: USD 2.2 billion was invested in Uzbekistan in 2024, and USD 2.9 billion during January–October 2025.

The parties are conducting systematic work to expand economic cooperation. In particular, during the 4th meeting of the Joint Strategic Planning Group held on January 21, 2026, progress was noted in implementing the Action Plan of the 8th meeting of the Joint Economic Commission (JEC). The key role of the JEC as an effective mechanism for developing practical trade and economic cooperation between Uzbekistan and Türkiye was emphasized.

For Uzbekistan, cooperation with Türkiye is valuable in that Turkish businesses bring not only capital but also managerial expertise, technologies, and production culture. For Türkiye, the Uzbek market is attractive as a dynamically developing economy with a population exceeding 38 million and growing domestic demand. In this sense, interaction increasingly takes on the character of mutual complementarity.

One of the notable trends of 2025 was the development of transport connectivity between the two countries, primarily in the aviation sector. The number of weekly flights reached 97, with routes expanding to 8 destinations. The broadening of geography and frequency of direct flights between Tashkent, Samarkand, Namangan, Andijan, Ankara, Istanbul, and Izmir promotes growth in business mobility, tourist flows, and humanitarian contacts. The launch of new routes by both national and private carriers became an important practical step toward further rapprochement.

The increase in flight numbers offers not only passenger convenience but also broader economic effects. It facilitates contacts between entrepreneurs, simplifies participation in exhibitions and negotiations, and makes accompanying joint projects more accessible. Prospectively, this also creates prerequisites for developing air cargo transportation, which could further strengthen trade and economic ties.

Energy cooperation also demonstrates positive dynamics. Turkish companies are actively participating in modernizing Uzbekistan's energy infrastructure, including projects for developing renewable energy sources.

Particular emphasis must be placed on the special role of cultural and humanitarian interaction in developing bilateral relations. Common historical, cultural, and linguistic roots create a favorable foundation for expanding cooperation in education, science, culture, and tourism. Branches of leading Turkish universities operate in Uzbekistan, joint educational programs are implemented, and student and faculty exchanges take place.

Tourist exchange between the two countries shows sustained growth. By the end of 2025, Türkiye entered the top five countries by number of tourists visiting Uzbekistan. In turn, Türkiye remains one of the most popular tourist destinations for Uzbek citizens. Development of tourism ties contributes to strengthening intercultural dialogue and people-to-people diplomacy.

These figures reflect not only the attractiveness of the Turkish tourism market but also the general expansion of population mobility. In the long term, it is precisely cultural and humanitarian ties that form the solid social foundation of bilateral partnership.

Analysis of 2025 dynamics allows identification of several directions that could become key to further deepening Uzbek-Turkish partnership:

First, development of industrial cooperation. The existing network of joint enterprises could become the basis for more complex projects oriented not only toward the domestic market but also toward exports to third countries. Such an approach corresponds to the strategic objectives of both economies.

Second, transport, logistics, and infrastructure. Expansion of air connectivity is an important step, but the potential for cooperation in this sphere is significantly broader and includes development of multimodal transportation, warehousing infrastructure, and digital trade solutions.

Third, services and human capital. Türkiye possesses considerable expertise in tourism, medicine, construction, and education. For Uzbekistan, interaction in these areas opens opportunities not only for adopting experience but also for jointly entering regional markets.

Uzbek-Turkish relations are developing on a positive and constructive basis, confirming the maturity and stability of bilateral interaction. The parties demonstrate readiness for dialogue, pragmatism, and a commitment to considering mutual interests. The growing number of joint enterprises, expanding transport links, increasing tourist flows, and stable political dialogue form a solid foundation for further development of cooperation.

Alisher Kadirov,

Head of Department of the Institute of Strategic and Regional Studies under the President of the Republic of Uzbekistan

Starting from the 2021/2022 academic year, the dual education system, which has proven effective in the German education system, was introduced in Uzbekistan. This new form of education allows young people to apply theoretical knowledge obtained in educational institutions in practice simultaneously.
Initially, the legal basis for introducing and improving this form of education in Uzbekistan was created. The Law of the Republic of Uzbekistan "On Education" (No. ORQ-637) dated September 23, 2020, Article 15, specifies dual education as a separate form of education. Article 17 of the same law defines dual education as follows:
"Dual education is aimed at providing learners with the necessary knowledge, skills, and competencies, with the theoretical part taking place in educational institutions and the practical part at the learner's workplace."
Additionally, the President of the Republic of Uzbekistan has paid attention to the systematic development of the dual education system based on German experience. In particular, the Decree of the President of the Republic of Uzbekistan "On Measures for the Development of Education, Science, and Innovation in the New Period of Development of Uzbekistan" (No. PF-6108) dated November 6, 2020, stipulated the introduction of practice-oriented educational programs in vocational educational institutions starting from the 2021/2022 academic year.
As a result, new mechanisms for training competitive personnel have been introduced in Uzbekistan by organizing education in harmony with labor activities for specific job positions in the economic sectors and companies (organizations), based on the real needs of the labor market.
In collaboration with experts from the German Society for International Cooperation (GIZ), specific rules and procedures for organizing dual education have been developed. The Cabinet of Ministers' Resolution No. 163 dated March 29, 2021, "On Measures to Organize Dual Education in the Vocational Education System," was adopted.
This resolution approved the regulation on organizing dual education in the vocational education system, consisting of four chapters. Currently, students are admitted to dual education programs based on the requirements of this regulation. In the initial year, more than 2,000 students were admitted to colleges and technical schools for dual education in fields such as preschool education, railways, and construction. The demand for mid-level specialists prepared through this form of education has led to the expansion of dual education.
Employers now have the opportunity to select and hire the best specialists in this education system. In the 2022/2023 academic year, nearly 45,000 young people were admitted to vocational educational institutions for dual education. In addition to the previously mentioned fields, dual education has been introduced in information technology, light industry, agriculture, and services.
Currently, about 13,000 students are receiving dual education in 234 vocational educational institutions across Uzbekistan. These students are supervised by 3,144 qualified mentors from companies and organizations, who develop their practical skills directly at the workplace.
Moreover, dual education is particularly prominent in areas such as automotive technical service, agriculture, preschool education, light industry, and services. Over 3,600 companies and organizations in Uzbekistan participate in dual education.
For instance, the Asaka Agrotechnology Technical School in Andijan region has established cooperation with "UzAvto Motors" JSC, a major automobile manufacturer in Uzbekistan, for training mid-level specialists through dual education. As a result, more than 500 students are being trained in specialties such as "Welding Technology and Equipment," "Automobile Assembly and Testing," "Mechanical Engineering Technology," and "Automobile Technical Service and Repair."
In recent years, significant work has been done to develop the vocational education system in Uzbekistan with foreign partners such as the European Union, German Society for International Cooperation (GIZ), UNESCO, and the Swiss Embassy in Uzbekistan.
For example, two technical schools in the agricultural sector received four tractors, 42 relevant technical equipment, 72 computers, and two refrigerators for storing agricultural products, with a total value of $700,000.
Additionally, 15 pilot educational institutions selected by GIZ were equipped with sewing machine sets (21 sewing machines, 6 overlocks, 6 interlocks, 3 zigzags, 3 embroidery machines), 9 cutting tables, ironing equipment, and 3 multifunctional digital "smartboards." The Almazor Light Industry College was equipped with modern equipment for a practice room in the "Computer-Aided Design" (CAD) direction, including 12 special tablets for designing and modeling, 12 computers, 1 presentation screen, and 1 plotter.
Furthermore, 109 pedagogical staff members were trained in Germany and Switzerland. Additionally, 750 teachers were trained in entrepreneurial skills based on German methodology with the support of German foreign donors.
Under the GIZ "Vocational Education for Economic Growth in Central Asia (PECA V)" grant project, six pilot educational institutions were selected for training mid-level specialists in the fields of bread, bakery, confectionery, and pasta production, as well as logistics.
Within this project, the material and technical base of the Yangiyul Agrotechnology Technical School, Samarkand Tourism and Service Technical School, Tashkent State Agrarian University, and Bukhara Engineering Technology Institute were strengthened.
Equipment for 34 items was delivered to the Yangiyul Agrotechnology and Samarkand Tourism and Service Technical Schools.
In collaboration with Germany, 70 modular education programs for dual education have been developed. Additionally, the "Concept for the Introduction and Further Development of Dual Education in Uzbekistan" and a "Guide for Developing Educational Standards Based on Professional Standards for Dual Education" were prepared.
To ensure that graduates of vocational educational institutions are self-employed in the future, i.e., set up their own businesses, it is crucial to teach them and introduce new methodologies into the educational process. In this regard, the "Basics of Business" subject was developed in collaboration with the German "German Sparkassenstiftung for International Cooperation" organization and introduced into practice.
Moreover, to increase the attractiveness of the vocational education system in Uzbekistan and to provide students with in-depth foreign language training, one of the priority directions is to ensure the competitiveness of mid-level specialists in the domestic and foreign labor markets.
In particular, one-year special German language courses were organized in 33 vocational educational institutions. Currently, 773 students in technical schools in the medical field are being taught in these German language courses.
A one-year program for teaching German was developed and introduced into these courses based on advanced German experience and methodologies. To provide students with educational materials, 6,000 copies of modern textbooks for levels A1, A2, B1, and B2 were purchased from Germany and delivered to educational institutions based on the recommendations of the Goethe Institute.
The system for training professional and qualified mid-level specialists for state-significant sectors and industrial enterprises is being systematically improved by providing the labor market in Uzbekistan with mid-level specialists with modern professional skills.
The Presidential Decree No. PQ-200 dated July 3, 2023, "On Measures for the Effective Organization of State Management in Higher Education, Science, and Innovation within the Framework of Administrative Reforms," stipulated the introduction of a system for year-round admission of students to dual education in vocational educational institutions based on the orders of companies and organizations. This has given a significant impetus to the development of this form of education.
Additionally, due to the increasing demand for mid-level specialists in job positions created based on regional socio-economic development programs, the need arose to organize year-round dual education in vocational educational institutions based on the orders of organizations.
The Cabinet of Ministers' Resolution No. 647 dated December 7, 2023, "On Amendments and Additions to Certain Resolutions of the Government of the Republic of Uzbekistan in Connection with the Introduction of a System for Year-Round Admission of Students to Dual Education in Vocational Educational Institutions," created the opportunity to organize year-round dual education in vocational educational institutions based on the orders of organizations.
Despite the fact that only two months have passed since the adoption of this resolution, more than 750 students have already been admitted to dual education based on the existing needs of over 20 companies.
Furthermore, from now on, free short-term advanced training courses will be organized annually for the voluntary improvement of the pedagogical skills of mentors assigned from organizations to dual education.
Additionally, by the 2024/2025 academic year, an electronic platform will be created to determine the current and prospective needs of the labor market for mid-level specialists. An electronic system for signing contracts between organizations willing to train mid-level specialists and vocational educational institutions will be introduced.
As a result of the reforms implemented to develop the dual education system in Uzbekistan, the coverage of dual education will reach 50,000 students by the end of this year. Furthermore, by the beginning of the new academic year, 100 professions will be selected, and professional standards will be developed based on the experiences of Germany, Switzerland, and Great Britain. The demand for professions will be aligned with the needs of employers.

Utkirjon Alijonov
Head of the Department for the Development
of the Vocational Education System,
Ministry of Higher Education, Science, and Innovation

Dear compatriots!

I cordially congratulate you, the multinational people of Uzbekistan on the coming New Year 2025.

Despite the difficult situation in the world, the outgoing year has been prosperous for our country.

Thanks to the selfless labor, socio-political activity of our people, the idea of New Uzbekistan is becoming a reality.

The past elections to the Oliy Majlis and local councils have reaffirmed that we have entered a new stage of democratic reforms.

New high-tech industrial complexes, infrastructure and logistics networks, roads and railroads have been built in the country, business, IT and tourism spheres are developing. The incomes and quality of life of the population are increasing.

Our skillful dehkans and farmers, clusters have harvested rich crops. The whole country is being improved.

Kindergartens and schools, universities, cultural and sports facilities are being built. Thousands of our compatriots are welcoming the New Year in new homes.

Our energetic, enterprising young people are achieving success in all spheres. Their record achievements at the Olympic and Paralympic Games have opened a new page in the history of national sport.

The role and influence of civil society institutions, including the mahalla, are being strengthened. The sphere of spirituality and enlightenment is developing. Our country's initiatives of global significance are receiving broad support.

Uzbekistan's authority in the international arena as a competitive country and a reliable partner is growing.

All this has become possible thanks to sustainable development, the atmosphere of friendship and harmony in our society.

On this festive evening, I express my sincere gratitude to you, my dear ones, to all our people-creators for your conscientious labor and service to the Motherland.

Dear friends!

We have declared 2025 the Year of Environmental Protection and Green Economy.

Our main goal is to create a sustainable balance between the economic system and our environment. We will create even greater business opportunities.

We will resolutely continue to work to ensure the inviolability of private property and actively attract foreign investment.

The focus will be on the social sphere, increasing wages, pensions, scholarships and benefits.

We will mobilize all forces and opportunities to bring up our children harmoniously developed, with modern knowledge and professions.

We will increase attention to the development of science, education, health care, culture, art and sports.

We will continue to prioritize the care of veterans, women and youth, as well as improving the effectiveness of social protection.

We will raise to a new level the work on strengthening the potential of our Armed Forces, support for servicemen and their families.

In a word, all together, united, we will act to realize the main principle - “In the name of man, in the name of his happiness!”.

Dear friends!

Once again, I sincerely congratulate you - our compatriots abroad, as well as partners and friends of Uzbekistan around the world - on this wonderful holiday.

I wish you health, happiness, prosperity and well-being to every family, to our beloved Motherland!

May all our good dreams and hopes come true!

May our native Uzbekistan prosper!

Happy New Year to you, my dear ones!



Shavkat Mirziyoyev,

President of the Republic of Uzbekistan

Dear participants of the conference!

Ladies and gentlemen!

First of all, from the bottom of my heart, I sincerely congratulate you, my dear ones, on the opening of today's prestigious event - the joint conference of the International Textile Federation and the International Association of Apparel Manufacturers.

I would like to express my special gratitude to the President of the International Federation of Textile Manufacturers Mr. Kei Vi Srinavasan and President of the International Association of Apparel Manufacturers Mr. Chem Altan for the fact that this joint conference is being held in Uzbekistan for the first time.

At the same time, I express my sincere gratitude to the high-ranking representatives of the industry, heads of prestigious international and regional organizations participating in this conference.

Welcome to the pearl of the ancient Great Silk Road, the land of craftsmen - the majestic city of Samarkand!

Dear participants of the conference!

In recent years we have taken decisive steps to radically improve the investment and business environment, create favorable conditions for foreign and domestic investors.

As in all spheres and sectors, we have been implementing large-scale reforms in the textile and garment industries.

First of all, the state monopoly in cotton cultivation has been abolished, and a cluster system has been created and is being consistently improved, covering the entire process from raw material procurement to the production of finished goods.

Our reforms in this area have won the recognition of prestigious international organizations, and the boycott of Uzbek cotton has been lifted. Our cooperation with the international coalition “Cotton Campaign” continues in this direction.

At the same time, as a result of creating a stable legislative framework, improving the investment environment and introducing new technologies, the volume of cotton fiber processing increased from 40 percent in 2017 to 100 percent. At the same time, the work on import of cotton raw materials and production of finished products with high added value began.

Thanks to the opportunities created in the sphere, the volume of textile production has increased 5 times, its export - 4 times.

The most important thing is that earlier a significant part, i.e. 70 percent of exports in the sector, was accounted for raw materials, while today 60 percent of exported goods are finished products.

In the first years of reforms, we identified as a priority task the development of human capital, training of the population, especially young people and women, in professions, training of qualified personnel for all sectors, and these issues will continue to be in the center of our attention.

Decent working conditions that meet international requirements are created for the employees of enterprises, and the “Better Work” and “Better Cotton” programs are systematically implemented.

Particular attention is paid to ensuring labor rights and providing full support to over 600,000 workers.

At the same time, decisive measures are taken to create national brands, attract prestigious international and foreign trademarks to our country.

Authoritative participants of the world market, such as “Teamdress” (Germany), “Cotonella” (Italy), “Indorama” (Singapore), “Posco International” and “Gwangyang” (South Korea) are effectively operating in the country.

Uzbekistan's textile industry is being actively integrated into global production processes, and the number of our reliable partners on all continents of the world is increasing.

It should be noted that long-term cooperation with foreign investors and international brands, increasing production of high value-added products, bringing national brands to the international level will remain our priorities in the textile industry in the future.

I am convinced that today's conference will serve as an effective platform for further strengthening and expanding cooperation in this area on an international scale, sharing best practices and ideas.

I hope it will contribute to further expansion of mutually beneficial cooperation between representatives of more than 500 national and international organizations, manufacturers and retailers participating in the conference, and will bring the development of the industry to a qualitatively new level.

We highly appreciate and support all mutually beneficial initiatives of our foreign partners. In particular, we are ready to provide all possible assistance in introducing the necessary standards for international brands to enter Uzbekistan.

We are ready to create all necessary conditions for prestigious international organizations to regularly hold conferences, exhibitions and fashion shows in our country, particularly in such cities as Bukhara, Khiva, Shakhrisabz, Margilan, Kokand, Namangan, Andijan, which have high tourism and industrial potential.

I am confident that the ancient history, rich cultural heritage of our country, meetings with our hard-working and generous people will make an indelible impression on you, and the huge socio-economic potential of our regions will encourage investors to implement new projects.

I congratulate you once again on the opening of the prestigious conference that is starting today and wish you all good health, happiness and prosperity, success in the fruitful work of the conference.


Shavkat Mirziyoyev,

President of the Republic of Uzbekistan

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The resilience of Finland’s development model and the dynamism of Uzbekistan’s reforms provide a solid foundation for deepening bilateral cooperation. Finland combines technological leadership, efficient governance, and a robust social policy. Its mixed model of development with strong public regulation and an active private sector is based on long-term planning, technological excellence, and social equality.
A balanced economic policy keeps inflation at 2–3%, while maintaining a high AA+ credit rating. The national research infrastructure is funded as a key element of state strategy. Total spending on research and development exceeds 3% of GDP, reaching €8.4 billion in 2023, up 6.3% from the previous year. The contributions came from the public sector, universities, and private business.
Finland’s economy remains open and export-oriented. In 2024, foreign trade reached €146.5 billion, including €72.2 billion in exports and €74.3 billion in imports. Its technological specialization, advanced digital environment, and high human capital create a predictable setting for investors.
At the same time, Uzbekistan has become a driver of reform in Central Asia over the past eight years. The country’s GDP has doubled to reach $115 billion. Since 2017, fixed capital investments have totaled $240 billion, with over $130 billion coming from foreign sources. International reserves exceed $48 billion. The structure of production has evolved: the share of industry rose from 20% to 26%, services from 44% to 47%, and labor productivity increased by 45%. Regulatory reforms expanded the space for private capital, while transport and energy infrastructure projects established a new foundation for industrialization and export growth.
As a result of these reforms, Uzbekistan’s trade with the European Union has entered a stable growth trajectory. Between 2017 and 2024, trade turnover between Uzbekistan and the EU increased 2.4 times from $2.6 billion to $6.4 billion. In 2024, exports rose by nearly 27% compared to 2023, while imports remained at a comparable level.
A New Stage of Political and Economic Relations
Particularly strong momentum has emerged in Uzbek–Finnish relations. Regular high-level contacts have given fresh impetus to the bilateral dialogue. On 12 November 2024, on the sidelines of the COP29 Summit in Baku, President of Uzbekistan Shavkat Mirziyoyev met with President of Finland Alexander Stubb. The two leaders discussed prospects for cooperation in the fields of the green economy, renewable energy, innovation, and education, and exchanged views on sustainable development and climate policy.
The political dialogue continued with a telephone conversation on 9 September 2025, during which the heads of state explored ways to expand economic and humanitarian cooperation. Furthermore, an official visit of the President of Finland to Uzbekistan is expected in late October 2025, aimed at consolidating earlier agreements and opening new areas of partnership.
This process is creating a favorable foundation for strengthening trade and economic ties, introducing Finnish technologies, and attracting investment into Uzbekistan’s priority sectors. From 2019 to 2024, bilateral trade more than tripled to reach $152 million. Uzbekistan’s exports to Finland increased almost 17 times to $4.73 million, while imports from Finland nearly tripled to $147 million. Over the past year alone, Uzbek exports to Finland grew by 56%, and imports rose 3.2 times. From January to August 2025, trade volume exceeded $68 million.
Trade flows reflect each country’s comparative advantages: Uzbekistan supplies industrial goods and services, while Finland exports machinery, transport equipment, chemicals, and food products.
Prospects for Cooperation
The emerging agenda for trade and economic cooperation draws on Finland’s experience in engineering, clean technologies, digital healthcare, education, and R&D management – areas closely aligned with Uzbekistan’s goals for technological renewal, energy efficiency, and human capital development. At the same time, Uzbekistan’s favorable business climate and major infrastructure projects are reducing operational costs for foreign companies.
Given Uzbekistan’s development priorities and conducive investment conditions, there is significant potential to further deepen Uzbek–Finnish cooperation across several areas. According to the Center for Economic Research and Reforms, Uzbekistan’s exports to Finland could expand even in the short term, particularly in sectors where Uzbek producers have existing capacity and advantage – textiles and garments, fruits and nuts, footwear, leather goods, stone and cement products, as well as copper and semi-finished copper products.
Logistics could be organized through the ports of Helsinki and HaminaKotka, with Turku as a potential reserve. Distribution channels could be developed via major retail networks and distributors, including Kesko and S Group. Key success factors include certification under EU standards, stable supply chains, and regular contracts.
Industrial cooperation should move toward deeper processing with full production cycles, for example, in knitwear, wool, and leather, from spinning and dyeing to finished apparel. Potential partners include Finnish companies such as Lapuan Kankurit and Pirtin Kehräämö, as well as the Aalto University School of Arts, Design and Architecture. In agriculture, joint breeding programs using Finnish sheep lines and supported by LUKE (Natural Resources Institute Finland) could strengthen the raw-material base of Uzbekistan’s textile clusters.
In the digital and green transformation sphere, collaboration could extend to telecom infrastructure and critical systems management with companies such as Nokia. In energy, there is potential for cooperation in localizing components for solar installations and storage systems, developing smart grids, and improving generation efficiency in hot climates, with participation from Finnish firms Valoe, Fortum Solar, and Wärtsilä.
For research and materials science, engaging institutions such as VTT and LUT University would help build a sustainable technological and human-resource base in Uzbekistan, while opening new regional export niches.
In mechanical engineering, cooperation could develop with Metso and Valmet on equipment components, servicing, and partial localization. In logistics and cargo handling solutions, Finnish companies Konecranes and Cargotec offer relevant expertise. In climate monitoring and water-chemical solutions, potential partners include Vaisala and Kemira.
A cross-cutting priority remains human capital. Joint programs with the University of Helsinki, Tampere University, and University of Oulu are needed to establish industrial internships and introduce Finnish methods for training engineers, technologists, and quality specialists for high-tech industries.
At the institutional level, further progress will require harmonizing border procedures, launching green corridors, implementing digital customs systems, and ensuring mutual recognition of certificates. It will also be important to develop industrial and agro-processing clusters, logistics hubs, and training programs for workforce development.
In the near future, Uzbek–Finnish cooperation may reach a stable, long-term trajectory. For Finland, Uzbekistan represents a reliable supplier of manufactured goods and components, and a new market for technology and equipment. For Uzbekistan, deeper cooperation provides access to advanced solutions and Northern European distribution channels.
In conclusion, the combination of Finland’s effective governance model, innovation, and environmental responsibility with Uzbekistan’s large-scale reforms creates a strong foundation for joint practical projects in manufacturing, energy, telecommunications, and education. Such a partnership can not only enhance the technological level of Uzbekistan’s economy but also give new quality to Uzbek–Finnish relations – anchored in long-term, sustainable, and mutually beneficial development.

Afzal Artikov,
Chief researcher,
Center for Economic Research and
Reforms under the Administration
of the President of the Republic of Uzbekistan

In recent years, systematic work has been carried out to create a continuous chain of comprehensive support for the development of entrepreneurship in our country. As a result of the measures implemented and important decisions made over the last seven years, a new generation of entrepreneurs of New Uzbekistan has emerged.
In particular, BMB HOLDING is one of the major subjects of private entrepreneurship, playing an important role in the economic life of our country, and gaining strong positions not only in the domestic, but also in the international market.
On the eve of the 33rd anniversary of independence of the Republic of Uzbekistan, Dunyo information agency talked to Bekzod Mamatkulov, the founder of BMB HOLDING.
– Mr. Mamatkulov, in recent years BMB HOLDING has gained a great reputation not only in Uzbekistan, but also among the international business community. Today, the Holding effectively works in the areas of providing consulting services on investment projects, developing international business and trade relations, attracting foreign investments, export-import exchange, introducing innovative technologies, creating modern agro-industrial clusters. We would like to start our conversation with the organization of the Holding and the history of its development.
– After his election as President, Shavkat Mirziyoyev put on the agenda of our state’s policy such important issues as increasing economic potential, attracting investments and, most importantly, supporting entrepreneurs to bring the country to a new stage of development.
In this sense, the opportunities created for entrepreneurs have radically changed my life goals and made me want to test my potential in business.
We generated our first income through services. Developing business plans and providing consulting services was our first source of income. Later we bought land in Arnasay district of Jizzak region to implement our agricultural projects. We planted mung beans and peas as secondary crops here. The first attempts were successful. The agricultural products we grew gave better results than we expected. For the first time we were able to export our crops abroad. In particular, we started selling agricultural products to Pakistan, India and Afghanistan. Later, we had a plan to supply cotton and grain to the state on a contract basis, and we gradually expanded our financial capacity, making a profit from it.
In 2017, during the visit of the Head of state to Jizzakh region, our project to create a food cluster in Arnasay district was presented. At the meeting, the President emphasized that he would support us, like all businessmen, and expressed great confidence in us. Such attention and support of the President of the country gave us additional strength. After that, there was a desire to further expand our business activities, to test ourselves in new industries, to develop and implement joint projects with foreign partners.
In particular, in 2018, we were among the first to create the largest cotton cluster in the country. Thanks to the attention of the management and creation of favorable conditions for doing business, we created a cluster for growing medicinal plants, namely saffron. Later we organized a fruit and vegetable cluster. This big project, in turn, enabled us to set up a system of sorting, packing and deep processing of fruits and vegetables. Thus, having passed through various stages of business, our small project has now formed into BMB HOLDING. At present the Holding unites 30 enterprises. They employ more than six thousand people across the country.
– It is no secret that today the Holding realizes investment projects of international and national level. As an entrepreneur and a person who knows the business environment in foreign countries, how do you assess the investment environment in Uzbekistan? Are there aspects that do not satisfy you, are there factors that are obstacles for business?
– In the process of building New Uzbekistan, the creation of a favorable investment environment for entrepreneurs has become one of the main goals of the reforms of the Head of our state. The adoption by the President of Uzbekistan of a number of decrees and resolutions aimed at supporting entrepreneurs is yielding results today.
Improvement of tax legislation, creation of the possibility of free currency conversion, reforms in the sphere of private property and a number of other positive changes related to these spheres have played their important role, and entrepreneurs are now considered as the driving force of the country’s economy. In 2020-2022, despite the fact that the coronavirus pandemic worldwide had a large negative impact on the economies and the global investment environment, Uzbekistan’s economic growth rates remained stable and its investment attractiveness continued to grow.
The fact that the inflow of foreign investments into the country has increased significantly testifies to the confidence of international business in the economic reforms in our country. Active diversification of the economy is an important achievement that has opened new opportunities for investors in all sectors, starting with industry.
Now, if we talk about the factors that are obstacles for business, aspects that do not satisfy entrepreneurs, I will tell the truth openly: at the level of the government, reforms are being implemented very intensively, positive changes are taking place. But when you go to the lower level of the system, there are still cases of inattention and carelessness somewhere. I believe that such shortcomings will be eliminated.
– We know that BMB HOLDING is engaged in the production and export of a wide variety of agricultural products. In particular, the organization headed by you has achieved great success in saffron cultivation. Today saffron grown in Uzbekistan is becoming popular in many regions of the world. Tell me, when did you come up with the idea of establishing such a complex sphere as saffron cultivation in Uzbekistan and why did you choose this particular project?
– During President Shavkat Mirziyoyev’s visits to Kashkadarya region in 2017, the issue of cultivation of medicinal plants in mountainous and foothill regions, development of this sphere in our country and export of valuable medicinal plants to the world market was prioritized. The leader of our country also inquired why it is impossible to grow saffron in Uzbekistan despite all conditions, and gave a special instruction to develop this industry. During the President’s visit to Jizzakh region, we made a detailed presentation of our saffron cultivation project. Having familiarized himself with the project, the Head of state expressed his full support to it and instructed the responsible persons to implement the program as soon as possible.
However, it was not easy to realize this project at first. When implementing this business idea, first of all, we deeply studied the demand and supply in the domestic and foreign markets, opportunities and prospects for its implementation in the conditions of Uzbekistan, our own potential in this area, as well as a number of other factors. In 2020, we started to implement the project in pandemic conditions. At first, it took a lot of patience and hard work to find specialists, to bring saffron bulbs suitable for our climate from Europe and to get the desired harvest. In the first year we planted saffron bulbs on 55 hectares of land. The high demand for the harvest and the experience gained stimulated further development and expansion of the project. Today saffron is grown on 400 hectares of land. In the next three years, it is planned to increase the area of saffron plantations to 1,000 hectares and produce 20 tons of pure saffron products per year.
At the beginning of 2024, the product BMB Za’faron for the first time in our region received the USDA Organic certificate, an environmental certificate developed by the U.S. Department of Agriculture, which allowed Uzbek saffron to enter the American markets. After several years of in-depth analytical research, Uzbek saffron grown in the Bakhmal district received the appropriate permission to export to Chinese markets according to the conclusion of the Uzbek-Chinese interdepartmental commission.
– Indeed, a lot of experience in saffron cultivation has been accumulated in recent years. At the same time, what countries’ experience do you think should be studied and implemented in order to grow a competitive product that meets the requirements of international standards and markets?
– In agriculture, each product is grown using a specific method. Such countries as Italy, Austria, South Korea, USA, and Saudi Arabia have enough experience in saffron cultivation. Of course, we study the experience of countries with climatic conditions close to ours and exchange experience with industry experts. I can say that we have mobilized all possibilities to get more crops and export them abroad. The increase in exports, in turn, contributes to increasing the inflow of foreign currency into Uzbekistan and ensuring economic stability.
To bring our national products to the world market and increase their competitiveness, the most important factors are, first of all, quality, then price and, of course, matching production capacity to demand. We have taken these aspects into account in our work and projects, especially in saffron cultivation.
– In Uzbekistan, on the initiative of the Head of our state, an open dialog with entrepreneurs is held annually. Tell me, what impact do these efforts have on the activities of the Holding headed by you?
– It would not be an exaggeration to say that the adoption of a number of resolutions and decrees on creation of favorable business environment and healthy competition in our country, comprehensive support for entrepreneurs, further liberalization of tax policy have served to eliminate the problems that have arisen for many years and hindered the free activity of entrepreneurs.
Thanks to the political will of the President of Uzbekistan, the organizational and legal foundations for the development of the industry have been strengthened, and the attention to entrepreneurs has changed dramatically. Most importantly, all this has already started to yield positive results.
In addition, an open dialog between the President of the Republic of Uzbekistan and entrepreneurs has been established. In my opinion, there is no other country in the world that has such a format.
I can confidently say that the open communication of the Head of state with the business community, which has now become a tradition and is held annually, serves as an important factor in the formation of a new competitive class of entrepreneurs in New Uzbekistan.

I visit many countries for work. In particular, my friends-partners in Italy, Germany, the United States, Austria and other countries highly appreciate the annual dialog of the President of Uzbekistan with entrepreneurs. It is no secret that people look at us with envy when they see the personal attention of the Head of state to the development of business in our country. In fact, it is a great achievement for both sides — the President meets with businessmen, listens to their systemic problems, finds solutions and solves them. Therefore, today all businessmen are looking forward to meeting with the President. This meeting has also become an important forum for businessmen to assess their activities for the year and determine plans for the future. The speeches of our country’s leader at the meeting and important initiatives aimed at further development of the industry, removal of existing obstacles, provision of benefits to entrepreneurs serve as a program for further expansion of businessmen’s activities.
I would like to give an example based on my experience. Before dialoguing with the President, I note in my notebook the issues we face in our work. Listening to the President, I always get comprehensive answers to all my questions based on deep analysis.
– In August 2022, by the decree of the President of Uzbekistan, you were awarded the “Faol Tadbirkor” sign, and in 2023 — the “Dustlik” order. Recall those moments when your entrepreneurial activity was highly appreciated by the leadership of our country.
– Before answering, I have to say one thing. Before coming to business, I worked in state and public organizations for more than 15 years. I never received even a certificate of honor, let alone a state award. Today, the leader’s focus is on people who have sincerely worked for the development of our dear country — Uzbekistan. In recognition of our work, in 2022, I was awarded the “Faol Tadbirkor” sign. In 2023, I had the honor to receive the “Dustlik” Order from the esteemed President. These are not just awards given to me, they are recognition of the work of thousands of dedicated people working in the Holding’s system. Such a high appreciation gives our team more confidence and motivation, and gives us great strength to realize the goals we have set for ourselves.
– The direction of economic diplomacy is becoming increasingly important in attracting foreign investment to Uzbekistan, finding new partners and exporting national products abroad. In this regard, does the Holding, which you head, use the opportunities of diplomatic missions of our country in foreign countries? How satisfied are you with the work of our country's embassies in this direction?
– Frankly speaking, it used to be impossible to meet with diplomats. If you went abroad and wanted to meet with the Ambassador of our country, he would not accept businessmen. This is an open statement. The Ambassador only dealt with politics. Thanks very much to our President, he brought the diplomats’ attention to the economy as well. This, of course, has opened wonderful conditions and opportunities for entrepreneurs. Openness in this sphere, in turn, has become an important step for entrepreneurs in finding foreign partners and attracting investment.
Today, the diplomatic missions of Uzbekistan in foreign countries play a very important role in the activities of the Holding Company, and we feel their support at every stage of realization of our numerous projects. The introduction of the position of Advisor to the Ambassadors of Uzbekistan on economic issues has been very useful for us entrepreneurs. It should be noted that BMB HOLDING has established close relations of economic cooperation with embassies of foreign countries in Uzbekistan, in particular with diplomatic missions of Russia, China, USA and a number of European countries such as Poland, Austria and Latvia.
In a word, the role of diplomatic missions of Uzbekistan and foreign countries in our country is very important in effective realization of the company’s projects.
– Today BMB HOLDING operates in the field of cultivation and production of agricultural products. Our readers are also interested in the future plans of the Holding.
– Our plans for the near future are huge. In particular, the work on establishment of deep processing of agricultural and fruit and vegetable products, and the launching of textile factories in Syrdarya region is in full swing. We also want to implement projects in the field of medicine. Our first project in this direction will be the creation of a health center in Navoi region in 2025. Also, a chain of restaurants and hotels “Zafaron” will be launched in Tashkent city and Tashkent region.
Along with this, we plan to implement the project “Energy-efficient technologies and equipment for production, mining and processing of natural decorative stone” worth 50 million US dollars together with the organization Toksel Makina from Turkey.
– Our last question may be off-topic, but many people are also very interested in this area. We would like to ask about your projects in sports, especially in soccer. What are your goals in soccer and futsal? Also, please, provide information about BMB HOLDING brand ambassadors in the sphere of chess.
– This is an interesting question. BMB HOLDING considers the development of sports in our country, especially soccer and futsal, as one of the main directions of its activity. The Holding was one of the sponsors of Sogdiana soccer club in 2021 and Lokomotiv soccer club in 2022. Since 2023, our Holding has been one of the sponsors of the professional soccer league of Uzbekistan.
At the same time, the BMB PROFESSIONAL FUTSAL CLUB team started its activity in the system of the Holding. A number of famous local and Brazilian futsal players were invited to the team. For the last two years the team won the Cup of Uzbekistan and the Super Cup of Uzbekistan. Today the basis of our team is made up of futsal players playing in the national team of Uzbekistan on mini-football.
On June 30, on the occasion of Youth Day in Uzbekistan together with the Agency for Youth Affairs within the framework of the project of the brand ORRO ROSSO in Milan (this brand is currently the official partner of the Italian soccer club Milan and Monza) we organized a trip to our country of four famous former players of the soccer club Milan, world and European champions Dida, Sergino, Panucci and Zaccardo. I believe that the visit of famous soccer players to Uzbekistan has served to increase the interest and activity of our youth in sports.
As you know, the Futsal World Cup will be held in our country from September 14 to October 6 this year. BMB HOLDING as the main partner organization is preparing for this futsal holiday.
Besides, BMB HOLDING actively supports talented young chess players. Recognizing them as the face and ambassadors of the Holding, we call them brand ambassadors. In particular, FIDE Master of Sports Humoyun Bekmurodov won a silver medal at the X Chessable Sunway Sitges International Chess Festival 2023 held in Barcelona (Spain), and also won the Dubai Police Global Chess Challenge tournament held in Dubai (United Arab Emirates) on May 3-13 this year.
Another of our young chess players is Umida Omonova, a student of the International Chess School, world champion in blitz and rapid, FIDE Master of Sport, member of the Uzbekistan national team, holder of the state award named after Zulfiya, brand ambassador of BMB HOLDING. She also won the 18th round of the Uzbekistan Championship held in April this year.
Another thing is that BMB HOLDING mobilizes all its capabilities and potential in the direction of further prosperity of New Uzbekistan, which is being built under the leadership of the Head of state, improvement of welfare of our people and development of the Motherland.
- Thank you for taking the time to talk to us.
- Thank you.

Dunyo IA