Social policy in our country contains a wide range of issues on poverty alleviation, job creation, and support for socially vulnerable groups of the population. Investments in human capital are both a contribution to the social and economic sectors of the country's development. Moreover, according to a study by the Institute of Macroeconomic and Regional Studies under the Cabinet of Ministers of Uzbekistan, improving the quality of human capital leads to an increase in the inflow of foreign direct investment by 0.51 percent.
Article 1 of the Constitution of the Republic of Uzbekistan in the new wording, adopted following the results of the national referendum, once again confirmed the commitment and orientation of the state to care for its citizens from the first days of their birth, regardless of their social status. It should be noted that the state did not come to this principle immediately, as the domestic social policy was formed step by step, i.e. in the process of long negotiations, permanent compromises and economic opportunities.
The enshrinement in the Constitution of the statement that Uzbekistan is a sovereign, democratic, law-based, social and secular State increases its social obligations.
It should be noted that a social state in the general sense guarantees quality education, qualified medical care, comprehensive support for families, children, women, the elderly and persons with disabilities, provides housing and employment for those in need, creates safe working conditions and reduces poverty.
All of the above-mentioned state guarantees began to be reflected in the last decade of our country, which entered the world history as New Uzbekistan.
First, the Strategy of Action on Five Priority Areas of Development of the Republic of Uzbekistan in 2017-2021 and the Strategy for the Development of New Uzbekistan for 2022-2026 identify as priority tasks: building a humane state by elevating human honor and dignity and further developing a free civil society; turning the principles of justice and the rule of law into a fundamental and necessary condition for the country's development; accelerating the development of the national economy and ensuring high growth rates; carrying out the development of the country's economy; and ensuring the development of the national economy.
Secondly, the Ministry of Employment and Poverty Reduction has been established, the Ishga Markhamat monocenters have been launched, the “iron” “women's” and “youth” notebook systems have been set up, one hundred percent pensions are paid to working pensioners, the Social Protection Strategy of the Republic of Uzbekistan has been approved, and the problem of poverty in the country has been recognized. Moreover, the post of assistant khokims has been introduced, who are responsible for poverty reduction, developing entrepreneurship, organizing jobs and increasing the incomes of citizens. Most importantly, a new system of caring for the population has been created.
President Shavkat Mirziyoyev chaired a video conference call on May 15, 2023 to discuss measures to reduce poverty and provide employment. Following the recognition of the existence of poverty in the country, a system to reduce it was introduced. At the beginning of last year, all districts in Uzbekistan were divided into five categories and given differentiated benefits based on the pace of socio-economic development. As a result, one million people have been lifted out of poverty.
Thirdly, education and medicine are the most important and comprehensive social spheres. In order to accelerate reforms and improve efficiency in these sectors, relevant project offices have been established.
Undoubtedly, investment in human capital is the best contribution to the future. In this regard, unprecedented reforms have been carried out in the area of continuous improvement of the system of continuous quality education and training of qualified personnel. As a result, preschool education coverage has increased from 27 to 74 percent, 11-year compulsory schooling has been resumed, the workload of school teachers has been optimized, and forced labor has been abolished.
Changes in the higher education system in recent years have also shown significant positive results. As a result, enrollment in higher education has increased from nine to 42 per cent, and the number of higher education institutions has grown from 77 to 212.
Our country pays great attention to the medical sphere, which directly affects the quality of life. Over the past seven years, the financing of the health care system has increased from 5.9 trillion to 33.5 trillion soums, i.e. six times. Hospitals are being equipped with modern equipment and new facilities are being built. In order to bring medicine closer to the people, on-site screening examinations are being conducted.
It should be noted that Uzbekistan is working on targeted support for socially vulnerable segments of the population. This is evidenced by the addition of a new wording to article 57 of the Constitution on State measures aimed at improving the quality of life of socially vulnerable categories, creating conditions for their equal participation in public and State life with other citizens, and expanding their opportunities to independently provide for their basic living needs.
One of the main innovations is article 42 of the Basic Law, which states that the minimum wage shall be determined taking into account the need to ensure a decent standard of living. From December 1, 2023, the minimum wage is equal to 1.05 million soums, while the cost of consumer expenditures is set at 568 thousand soums per person per month.
In addition, according to the Presidential Decision “On measures to further improve the system of social services and assistance to the population” of September 28, 2023, a new system of social assistance by the employees of the social service centers “Inson” of the National Agency for Social Protection has been introduced in 28 districts (cities) on a pilot basis since October 15 last year. The employees are responsible for keeping records and register of lonely, elderly and disabled persons in need of care, which helps to develop a plan of individualized social services by taking into account the degree of need for care. At the same time, assistance to the lonely elderly included in the Unified Register of Social Protection is provided on the basis of a contract.
Тошкент шаҳрида Ўзбекистон цемент саноатида иссиқхона газлари чиқиндилари бўйича илк тизимли баҳолаш натижалари муҳокама қилинди ҳамда паст углеродли иқтисодиётга ўтиш шароитида технологик модернизациянинг устувор йўналишлари маҳаллий ва халқаро экспертлар иштирокида муҳокама қилинди.
Тошкент, 2026 йил 28 апрель. Иқтисодий тадқиқотлар ва ислоҳотлар маркази (Марказ) Бирлашган Миллатлар Ташкилотининг Тараққиёт дастури (БМТТД) билан ҳамкорликда Ўзбекистон цемент саноатида углерод чиқиндиларини камайтириш масалаларига бағишланган давра суҳбатини ўтказди.
Тадбирда давлат ташкилотлари, соҳа мутахассислари, олимлар, саноат корхоналари, молия ташкилотлари ҳамда халқаро ташкилотлар вакиллари иштирок этди.
Тадбирдан мақсад цемент саноатида иссиқхона газлари чиқиндилари бўйича ўтказилган баҳолаш натижаларини муҳокама қилиш, шунингдек тармоқни технологик модернизация қилиш ва паст углеродли ривожланишга ўтиш бўйича амалий ёндашувларни ишлаб чиқишдан иборат бўлди.
Тадбирда сўзга чиққан Марказ директорининг ўринбосари Нозимжон Ортиқов тармоқни ривожлантириш ва углерод изини камайтириш ўзаро боғлиқ вазифалар эканини таъкидлади. Унинг сўзларига кўра, цемент ишлаб чиқаришни модернизация қилиш бир вақтнинг ўзида иқтисодий ўсишни таъминлаш ва тармоқнинг экологик барқарорлигини ошириш имконини беради.
Ўзбекистондаги БМТТД доимий вакилининг ўринбосари Анас Карман қурилиш соҳасининг мамлакат иқтисодиётидаги муҳим ўрнини таъкидлаб, цемент ишлаб чиқаришда паст углеродли ечимларни жадал жорий этиш зарурлигини қайд этди.
Марказ мутахассислари Абдурашид Бозоров ва Бахтиёр Исмоилов цемент саноатида иссиқхона газлари чиқиндилари бўйича комплекс базавий баҳолаш натижаларини тақдим этди. Ушбу баҳолаш иқлим ўзгариши бўйича Ҳукуматлараро экспертлар гуруҳи методологияси асосида тайёрланган.
Цемент саноатини декарбонизация қилиш Ўзбекистоннинг халқаро иқлим мажбуриятлари нуқтаи назаридан алоҳида аҳамият касб этмоқда. Янгиланган мақсадларга мувофиқ, мамлакат 2035 йилга қадар ялпи ички маҳсулотнинг углерод сиғимини 2010 йилга нисбатан 50 фоизга камайтиришни режалаштирмоқда. Шунингдек, 2060 йилга бориб углерод нейтраллигига эришиш имкониятлари ҳам кўриб чиқилмоқда.
Шу билан бирга, цемент саноати барқарор ўсишни намоён этмоқда. Сўнгги йилларда ишлаб чиқариш ҳажми икки баравардан ортиқ ошиб, 2019 йилдаги 10,5 миллион тоннадан ҳозирги кунда 20 миллион тоннадан зиёд кўрсаткичга етди. Экспертлар фикрича, инфратузилма ва қурилиш соҳасининг ривожланиши туфайли талаб юқори даражада сақланиб қолади.
Тақдим этилган маълумотларга кўра, мамлакатда йиллик умумий қуввати тахминан 37 миллион тонна бўлган 24 та цемент заводи фаолият юритмоқда. Шу билан бирга, амалдаги ишлаб чиқариш ҳажми тахминан 21,5 миллион тоннани ташкил этмоқда.
Таҳлиллар шуни кўрсатадики, энг йирик 13 та корхона умумий ишлаб чиқариш ҳажмининг қарийб 95 фоизини таъминламоқда. Бу эса ишлаб чиқаришнинг юқори даражада жамланганини кўрсатиб, технологик модернизация учун қулай шароитлар яратиш зарурлигини англатади.
Марказ баҳолашларига кўра, цементнинг асосий таркибий қисми бўлган клинкер ишлаб чиқариш босқичида углерод диоксиди чиқиндилари йилига тахминан 9 миллион тоннани ташкил этади (энергия сарфи, ёқилғи ва транспорт харажатлари ҳисобга олинмаган ҳолда). Шу муносабат билан, йирик корхоналарни модернизация қилиш тармоқда чиқиндиларни камайтириш салоҳиятининг асосий қисмини таъминлаши қайд этилди.
Тадқиқот натижалари, жумладан цемент ишлаб чиқаришнинг тахминан тўртдан уч қисмини таъминлайдиган 16 та етакчи корхона ўртасида ўтказилган сўров ҳамда халқаро кўрсаткичлар билан таққослама таҳлиллар тармоқда углерод изини камайтириш бўйича катта имкониятлар мавжудлигини кўрсатмоқда. Хусусан, бу салоҳият цемент таркибини оптималлаштириш, ишлаб чиқаришда энергия самарадорлигини ошириш ва муқобил ёқилғи турларидан фойдаланишни кенгайтириш билан боғлиқ.
Шу билан бирга, тармоқни янада ривожлантириш ва “яшил” инвестицияларни жалб этиш молиялаштириш шароитларини такомиллаштиришни, замонавий технологияларга кириш имкониятларини кенгайтиришни, тартибга солувчи жараёнларни соддалаштиришни, шунингдек малакали кадрлар тайёрлаш ва экологик тоза маҳсулотларга бўлган талабни шакллантиришни талаб этади.
Энергия самарадорлигини ошириш, клинкер улушини камайтириш, ортиқча иссиқликни қайта ишлатиш технологияларини жорий этиш ва углеродни ушлаб қолиш ечимларини ривожлантиришни ўз ичига олган чора-тадбирлар мажмуасини амалга ошириш чиқиндиларни барқарор камайтириш ҳамда тармоқ рақобатбардошлигини ошириш имконини беради.
Иқтисодий тадқиқотлар ва ислоҳотлар маркази
Жамоатчилик билан алоқалар бўлими
From June 16th to 19th, the capital will host the 5th Tashkent International Investment Forum, the country's primary investment platform and one of the region's largest business forums.
Tashkent International Investment Forum (TIIF-2026) has solidified its position as a key investment platform in Central Asia, bringing together states, international investors, and representatives of global business. The forum serves not merely as a platform for dialogue, but as a space where the region's practical investment agenda is actively shaped.
The core idea of the forum lies in the fact that Uzbekistan is consistently cementing its status as a regional investment hub, capable not only of attracting capital but also of defining long-term rules and directions for the economic development of Central Asia.
The scale of TIIF-2025 clearly demonstrated that the forum has transitioned to a new stage of its development. The event brought together more than 8,000 delegates from 97 countries, with the total volume of signed investment agreements reaching 30.5 billion US dollars. These indicators stand as some of the most significant results among regional investment platforms.
The growing number of participants, the broadening geography, and the increased volume of concluded deals bear witness to a notable strengthening of international business confidence in Uzbekistan's investment climate. The forum is increasingly perceived not as a one-off discussion platform, but as a sustainable mechanism for generating real investment solutions.
The significance of the Tashkent International Investment Forum is determined not only by its scale, but also by its practical value for participants. TIIF provides a unique opportunity for direct access to key economic and political decision-makers - ranging from heads of state and governments to representatives of international financial institutions, sovereign wealth funds and major corporations.
The forum cultivates a rare environment where the state, investors, and business are concentrated within a single space, allowing for a seamless transition from general discussions to concrete formats of cooperation. Within the framework of TIIF, B2B and B2G meetings are actively advanced, serving as the cornerstone for concluding investment agreements and launching new projects.
TIIF-2026, scheduled to take place from June 16 to 19 in Tashkent, will maintain and expand upon the framework of previous years, combining elements of high-level political dialogue, business negotiations, and sectoral discussions. The forum's program features a plenary session with the participation of heads of state, panel sessions, thematic pitch presentations, and an expanded exhibition showcasing the country's industrial and investment potential.
One of the defining features of TIIF-2026 is its exceptionally high level of representation, which brings together a unique concentration of political, financial, and corporate capital within a single venue. The forum features heads of state and government, including leaders from Central Asian and European nations, alongside executives from international organizations and multilateral development banks.
Among the participants are representatives from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), and the International Finance Corporation (IFC), alongside sovereign wealth funds and export credit agencies. Such a composition ensures a direct link between state reforms, global financial institutions, and private capital.
The outcomes of the 4th Tashkent International Investment Forum (TIIF-2025) received widespread international acclaim from representatives of government structures, financial institutions, and global business, who noted Uzbekistan's growing role as the region's premier investment hub.
The Director of the Center for Global and Regional Studies (CEGREG), Professor Ikboljon Qoraboev (Kazakhstan), emphasized the scale and significance of the forum:
TIIF is emerging as the premier platform for showcasing the industrial and economic potential of Central Asia, while the participation of state leaders, major investors, and international banks highlights the strategic significance of the forum as a window of opportunity for the region.
Associate Professor at the Azerbaijan State University of Economics, political scientist Emin Garibli (Azerbaijan), accentuated the integration significance of the forum:
Executive Producer of CGTN, Zhang He (China), highlighted the investment impact of the reforms:
Governor of the Japan Bank for International Cooperation (JBIC), Nobumitsu Hayashi (Japan), noted the transformation of the forum's role:
Chairman of the Chinese company CAMCE, Wang Bo (China), noted the practical value of the forum:
Tashkent International Investment Forum (TIIF-2026) is cementing its role as one of the key platforms for investment dialogue in Central Asia, where not only the directions of economic policy are shaped, but also real mechanisms for interaction between the state and global capital are forged.
On the whole, the experience of previous years demonstrates that TIIF has already transitioned from a traditional conference format into a practical investment ecosystem that influences the structure of regional economic development. In this context, TIIF-2026 is viewed as the next phase in strengthening Uzbekistan's role within the global investment architecture and further expanding its integration into international capital markets.
Dunyo IA
Libraries play a key role in education, culture, and community development, providing an invaluable resource for accessing knowledge, preserving cultural heritage, and promoting intellectual growth. In the modern information society, they remain an important institution that promotes the education and self-development of people of all ages.
President Shavkat Mirziyoyev emphasised during the opening ceremony of the People's Library under the President of the Republic of Turkey in Ankara: “Intellectual potential, high morale is what makes a nation strong. The source of this invincible power is books and libraries – the great invention of mankind”.
At the present stage, education has become one of the most important areas of state policy. The government of the Republic of Uzbekistan pays special attention to the development of this sphere, recognizing its key role in the prosperity of the country. In recent years, the republic has achieved significant success in the educational domain. These achievements are aimed at modernizing the system, improving the quality of education and training, and expanding access to education for all citizens of the country.
At the same time, special attention is paid to the promotion of reading and the fostering of the reading culture of the population. And in the Presidential Decree adopted on September 13, 2017, “On the program of comprehensive measures to develop the system of publishing and distributing book products, improving the culture of reading”, clear goals are outlined for the creation of an effective system of information and library services to the population, which served to move this area to a new stage of development and contributed to raising the level of social and information culture and the role of libraries, made it possible to develop and implement modern innovative and educational technologies that increase the competitiveness of Uzbekistan in the world market.
In addition, the Presidential Decree “On further improvement of information and library services for the population of the Republic of Uzbekistan” was adopted on June 7, 2019. The main goals of the decree are:
The adoption of this decree expands the range of services in the country, including access to electronic resources and holding cultural and educational events, as well as improving staff qualifications and introducing modern methods of user service. In addition, these changes not only contribute to the development of the information society and economic growth by attracting investment in education and culture, but also promote the formation of a literate and informed society, which is an important step in the development of the country.
The Resolution of the Cabinet of Ministers dated December 14, 2020 approved the National Program for the Development and Support of a Reading Culture for 2020-2025, which includes the publication of quality books that meet the spiritual, educational, artistic and aesthetic needs of the population; supporting the activities of publishers and artists, publishing children's literature; translation of the best examples of national and world literature; simplification of the organization of book sales; improving the delivery system for newly published books and distribution of information sources; expansion of international cooperation in the field of online ordering of foreign work, their delivery and distribution.
In turn, it should be noted that within the framework of the “Uzbekistan - 2030” Strategy, special attention is paid to the popularization of masterpieces of Uzbek and world literature. The country's leadership strives to instil in citizens a love of reading and ensure access to libraries and information services for everyone.
The Strategy “Uzbekistan - 2030” puts forward such main goals as increasing the number of young book lovers to five million, the annual creation of 100 works of art and 50 books for children and adolescents, the publication of the multi-volume book “Uzbek adabiyoti khazinasidan” (“From the Treasury of Uzbek Literature”), the 100-volume book “Jakhon Bolalar Adabiyoti Durdonalari” (“Pearls of World Children’s Literature”) in Uzbek, as well as the digitalization of a book fund of almost 40 million books.
On November 28, 2023, there was signed the Presidential Decree “On measures to implement the project “A Thousand Books for Youth”, aimed at creating a system for translating books popular in the world into Uzbek, that contribute to increasing the intellectual and scientific potential of the younger generation.
At the same time, within the framework of the “Olympiad of Five Initiatives”, the following 5 projects in the field of reading and intellectual games are annually implemented: “Young Reading Family”, “Poetry Competition”, “Young Reader”, the intellectual game “Zakovat” and the project “Example of Foreign Languages”. These projects increase the interest of young people in reading books and help expand logical thinking and knowledge through intellectual games.
The “Young Reader” and “Young Reading Family” competitions are important events held to promote reading, the spiritual enrichment of youth, and increase their intellectual potential. This competition serves to increase interest in books among young people and expand their knowledge and horizons.
Also, within the framework of the project “A Thousand Books for Youth”, the Agency for Youth Affairs will have to work on acquiring rights to use works from authors, translating them into Uzbek, and preparing for printing and publishing books on the basis of a state order and at the expense of the State budget (with the exception of books, published for state higher educational institutions).
Two stages have been established for translation into Uzbek and the publication of popular books in the world. First: a preliminary list of books is formed annually by the Expert Council. Second: the preliminary list is posted in the information systems of the Agency for Youth Affairs for selection by the population by voting, and thus the final list is formed.
The list of books published annually must include at least 20 percent of popular science works. The rights to the works prepared for publication will belong to the Agency for Youth Affairs, which will provide them free of charge to publishing houses.
It is also planned to create and ensure the continuous operation of a special mobile application that accumulates literature in the Uzbek language and provides the population with free access to a wide range of information. On the recommendation of the Expert Council, the works will be distributed to information and library institutions (including libraries of public and administration authorities), and electronic versions will be donated free of charge to the Alisher Navoi National Library of Uzbekistan and the relevant institutions of the Academy of Sciences of the Republic of Uzbekistan for wide use by readers.
The necessary spiritual, legal, material, and technical basis has been created in the Republic to develop children's literature and improve the quality of textbooks and teaching aids. The country's publishing houses have increased the publication of works by authors of world and Uzbek children's literature. In accordance with a number of documents adopted to promote book reading, systematic measures are being taken in all regions to popularise literature among children and adolescents. Over the past four years, a number of presidential decrees and government resolutions have been adopted to guide the country's publishing, printing, and bibliographical information institutions.
Thus, bibliographical information services play a critical role in ensuring public well-being by providing citizens with easy access to information, knowledge, and culture. In addition, the development of digital services, collaboration with communities, and the use of new technologies strengthen the role of libraries as centres of learning, information, and communication. This helps to enhance the capabilities of people and stimulates their desire for education. The development of the potential of information and library services contributes to lifelong learning, self-improvement, cultural and spiritual enrichment of the population. This is of crucial importance for modern society.
Ramzidin Nuridinov
Expert of the Development Strategy Center.
On August 13, President Shavkat Mirziyoyev familiarized himself with a presentation on measures to develop artificial intelligence technologies and IT startups.
Information technologies are developing rapidly in our country and are being introduced into all spheres. As a result, the volume of digital services exceeded 21 trillion soums only in the past period of this year, and by the end of the year it is expected to reach 43 trillion soums. Export of services of the sphere amounted to 367 million dollars. The number of IT park residents increased by 577 and exceeded 2 thousand. The number of young people working in them reached 32 thousand.
This year, more than 100 digitalization projects are being implemented in health care, energy, transport, education, agriculture, water management, construction and others.
Times are changing rapidly. Artificial intelligence and digital technologies are penetrating into all spheres. A number of projects have also been launched in this direction in our country.
For example, “My ID” and “UzFace” solutions have been implemented in more than 70 organizations, banks, marketplaces and payment systems, and the possibility of remote biometric identification of 10 million users has been created. “Uzbekcosmos” with the help of artificial intelligence identified about 43 thousand cases of illegal use of subsoil and unauthorized construction.
The presentation considered measures to develop artificial intelligence technologies in such areas as health care, agriculture, banking, tax, customs.
It was noted that first of all it is necessary to create a legislative base for artificial intelligence. The task was set to develop a strategy for the introduction of artificial intelligence and a two-year program of projects. The Center for Artificial Intelligence Technologies was assigned to be created.
In particular, the need to expand the application of artificial intelligence in banking and finance, training of specialized personnel and professional development of employees was emphasized.
At present, the personnel on artificial intelligence is trained in 4 universities. There is a need for 600 specialists in big data processing and language models. This number will increase many times in the coming years. Taking this into account, the importance of training specialists corresponding to the needs in terms of industries was emphasized.
All leading IT companies of the world started their activities from a startup. We are also taking the first steps in this direction. Last year, the volume of venture investments attracted in such projects amounted to 134 million dollars.
The head of state emphasized that it is time to create broad conditions for venture investments to finance startup projects. In this regard, instructions have been given to develop the startup ecosystem and introduce venture capital financing mechanisms.
The Resolution signed by the President of Uzbekistan “On measures to introduce a system of continuous improvement of knowledge of the population and civil servants in the fight against corruption” caused an interested discussion in the international expert community.
Alexander Klishin, adviser at the UN Office of Rule of Law and Security Institutions:
– This initiative marks a significant step in the fight against corruption not only for Uzbekistan, but also on the international arena. The Virtual Anti-Corruption Academy is a leading initiative of the President of Uzbekistan Shavkat Mirziyoyev, aimed at introducing a system of continuous improvement of knowledge among the population and civil servants in the fight against corruption.
The initiative is perfectly aligned with global efforts to promote integrity, transparency and accountability across all sectors of the economy. Uzbekistan has once again reaffirmed its commitment to building a society free of corruption, where integrity, transparency and accountability are the cornerstones of public administration. The Anti-Corruption Virtual Academy fully embodies these values and serves as a commendable example for other countries.
Anas Fayyad Qarman, UNDP Resident Representative a.i. in Uzbekistan:
– We are pleased to know the adoption of the Resolution of the President of Uzbekistan regarding the Virtual Anti-Corruption Academy. We view this measure as an important step towards further strengthening the anti-corruption ecosystem.
We have been cooperating with the Anti-Corruption Agency in various areas a long while, including the development of a compliance control system in government agencies and organizations. We are also jointly developing various digital solutions to combat corruption in the public sector. In my opinion, a distinctive feature of a new Academy is its availability to both civil servants and ordinary citizens.
Antti Karttunen, Head of OSCE Project Coordinator in Uzbekistan:
– The initiative of the President of Uzbekistan to create a Virtual Anti-Corruption Academy is a time requirement and will help find answers to many questions related to this area.
Like the Law ‘On Conflict of Interest’ recently signed by the President, it is another important step in the fight against corruption in Uzbekistan.
We look forward to continuing to support the improvement of legislation in the field of combating corruption, as well as to improve the qualification of employees of government bodies and organizations through the Virtual Academy and support all other efforts of Uzbekistan in this area.
Tuija Brax, Director of the Rule of Law Center, former Minister of Justice (Finland):
– It is my great honor to express a few words about the new Virtual Anti-Corruption Academy in Uzbekistan. We have been cooperating with the Anti-Corruption Agency of Uzbekistan for several years now, and I was greatly impressed by the initiatives of President Shavkat Mirziyoyev to combat corruption in the country, measures to improve legislation in this area and efforts to raise public awareness. The new Virtual Academy is a unique opportunity to raise awareness, develop special courses for different target groups, and also attract young people to study this field, since ultimately it is about the future of Uzbekistan.
Quentin Reed, Professor of Oxford University, INGO Regional Dialogue’s Anti-Corruption Specialist (United Kingdom):
– I am happy to hear about the President signing the Resolution, which provides for the establishment of the Virtual Anti-Corruption Academy. International NGO Regional Dialogue and the Anti-Corruption Agency have been cooperating for several years in developing preventive anti-corruption measures in Uzbekistan. We express our readiness to provide full-fledged support in the development of educational modules and programs within the Virtual Academy, as awareness-raising, education and training are key tools in the prevention of corruption. Appropriate anti-corruption system cannot be established without them. This is particularly important for public servants, especially those in vulnerable situations, but I would also pay particular attention to citizens.
Nuripa Mukanova, Secretary General, the Anti-Corruption Business Council under the President of Kyrgyzstan:
– My congratulations to the people of Uzbekistan and the Anti-Corruption Agency on the establishment of the Virtual Anti-Corruption Academy. The opening of this Academy is important for both Uzbekistan and the countries of Central Asia. This is a very important anti-corruption measure and platform for increasing the capacity of all those directly involved in anti-corruption issues, as well as those who want to increase their capacity, knowledge and skills in the field of combating and preventing corruption. This platform will also allow young people who study and then enter public service to improve their anti-corruption skills.
Dunyo IA
TASHKENT, September 24. /Dunyo IA/. The Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov held negotiations in New York City with the Minister of Foreign Affairs of Latvia Baiba Braže, reports Dunyo IA correspondent.
"Had a productive meeting with H.E. Baiba Braže, Foreign Minister of Latvia, – the head of the Ministry of Foreign Affairs of Uzbekistan wrote in his telegram channel. – We highly value the opening of the office of the Investment and Development Agency of Latvia in Tashkent. Transport connectivity and logistics, IT and digital technologies, trade and investments were on the focus of our meeting".
The Fifth Tashkent International Investment Forum will take place on June 16–19, 2026. This year’s theme – “Investment Resilience: New Frontiers, New Partnerships” – frames the agenda around a set of pressing questions: how to protect capital amid global uncertainty, what institutional mechanisms enhance investment resilience in frontier markets, and where the new partnership routes lie.
The forum’s context is set by macroeconomic results. According to the National Statistics Committee, Uzbekistan’s GDP grew by 7.7% in 2025 and exceeded $147 billion – the fastest pace since 2021 and among the highest in the Europe and Central Asia region. Fitch Ratings and S&P Global upgraded the country’s sovereign rating from BB– to BB for the first time, while Moody’s revised its outlook to “positive.” International reserves, per the Central Bank, surpass $77 billion. Exports rose 24% to $33.8 billion. Foreign direct investment increased by 46.9%, with FDI accounting for 40.5% of total capital investment. For an economy that attracted only $4 billion in annual foreign investment in 2017, the surge to $42 billion by 2025 represents a fundamentally different scale of growth. This tenfold increase over eight years underscores a profound transformation in the nation's investment landscape.
The forum is scaling alongside the economy. Last year’s TIIF drew over 8,000 participants, including some 3,000 international delegates from 97 countries. Guests included Bulgarian President Rumen Radev, Slovak Prime Minister Robert Fico, heads of government from all Central Asian states, EBRD President Odile Renaud-Basso, and New Development Bank President Dilma Rousseff. The aggregate value of signed investment contracts and trade agreements reached $30.5 billion. Yet what best speaks to the platform’s maturity is not the number of signings but the conversion rate – the share of agreements that translate into operating assets is increasingly the metric that matters to returning investors.
The centrepiece of this year’s forum will be the Tashkent International Financial Centre (TIFC), established by presidential decree in March 2026. Behind the headline sits a specific institutional architecture: a special legal regime based on common-law principles, a dedicated financial services regulator, an arbitration centre (TIAC), and tax exemptions through 2076. TIFC is part of a global trend toward specialised financial hubs that offer international market participants a familiar legal environment and regulatory predictability. Its defining feature is integration within the country’s legal framework: the centre operates under a special legal regime rather than creating a separate jurisdiction, reducing regulatory fragmentation and simplifying engagement with the domestic economy. A panel session featuring leaders of major global financial centres and international investors operating in Uzbekistan will address the central question: what are the practical conditions under which TIFC can attract international market participants.
The TIIF 2026 programme is structured around four thematic pillars: investment resilience and capital protection mechanisms, financial infrastructure and capital market development, trade connectivity and logistics corridors, and energy transition and climate finance. Key sessions include a discussion of the regulatory framework for alternative investment funds (a legal basis for private equity and venture capital being adopted for the first time), a panel on the Middle Corridor and trans-Caspian logistics, a session on sovereign ratings across Central Asia, and a practitioner-led workshop on blended finance instruments in frontier markets. A dedicated arbitration and dispute resolution track features two panel sessions co-organised with the Tashkent International Arbitration Centre (TIAC), the British-Uzbek Legal Association (BrULA), and the British Embassy. Topics range from the institutional design of Uzbekistan’s arbitration ecosystem – including the innovative Dispute Avoidance Protocol (DAP) – to the country’s positioning within the global investment protection architecture: ISDS frameworks, bilateral investment treaty reform, and New York Convention enforcement.
The energy agenda warrants particular attention. Uzbekistan has set an ambitious target of raising the share of renewables in electricity generation to 54% by 2030. Currently, the country operates solar and wind facilities with a combined installed capacity exceeding 4 GW, with a project pipeline envisaging an additional 19 GW of green capacity. Alongside this, the public-private partnership mechanism continues to develop: as of early 2025, PPP agreements worth approximately $28 billion had been signed in the country. For investors, this represents a large, structured market with standardised PPA contracts and a clear entry mechanism – a subject that will be examined in detail during the forum’s energy panel.
TIIF 2026 retains its bilateral business forum format, reflecting the expanding geography of Uzbekistan’s economic partnerships. Confirmed platforms include business forums with the Republic of Korea, the United States, Croatia, Hungary, Turkey, and Albania, as well as a China–SCO countries investment dialogue; the lineup continues to grow as the event approaches. The plenary session featuring heads of state and government will set the tone for the business programme. Running in parallel is an exhibition of industrial and investment potential spanning approximately 6,000 sq m – in 2025, a comparable facility facilitated over 500 B2B and B2G meetings for 100 participating companies.
At the same time, the forum agenda implicitly flags unresolved challenges. The corporate governance session raises the question of transitioning from concentrated to dispersed ownership – a process without which the stock market will remain illiquid. The discussion of privatisation and state asset IPOs calls for a candid conversation about pacing and institutional quality. The responsible business conduct panel, anchored in OECD standards, recognises that tax incentives alone are insufficient for accessing institutional capital – what is needed is verifiable supply chain transparency and functioning National Contact Point mechanisms.
The business programme is complemented by networking formats: an FIC and EY business breakfast on digitalisation and AI, the annual SQB Investor Day, an ESG Award ceremony, and the European Business Evening. The informal component – an invitational tennis tournament, TIIF Open, and an evening run – is designed for delegates who prefer to build relationships beyond the conference hall. The anniversary evening concludes with a collaboration with the Stihia electronic music festival – a detail that captures the tone in which Uzbekistan presents itself to an international audience.
For Uzbekistan, TIIF has long ceased to be a showcase. It is a working instrument of investment policy, whose effectiveness is measured not by the number of signing ceremonies but by the volume of capital that actually enters the economy between forums. The fifth, anniversary edition takes place at a moment when the country is simultaneously launching an international financial centre, adopting an alternative investment funds law, and receiving a sovereign rating upgrade – a convergence that creates a window of opportunity for investors prepared to operate in frontier markets with a growing institutional base.
According to the CERR bank ranking results for 2025, the stable positions of most financial institutions indicate a higher competitiveness threshold across the sector. At the same time, a noticeable reshuffling has emerged within the mid-tier segment.
The Center for Economic Research and Reforms (CERR) presented an updated Bank Ranking based on the results of the Bank Activity Index for Q4 2025. The study covers 35 commercial banks of the republic, including 20 large financial institutions classified by scale and branch network, and 15 banks categorized as small. The methodology is based on the analysis of 27 indicators, benchmarked against national averages and international standards, including Basel Committee requirements. The ranking serves as an important tool for enhancing transparency and strengthening trust in the financial system. This approach is consistent with international practice and is used by leading financial institutions worldwide.
Financial results for Q4 2025
During the reporting period, total assets of the banking sector amounted to 892.9 trillion soums ($74.2 bn), while liabilities reached 759.8 trillion soums ($63.1 bn). Lending increased by 13%, while deposits grew by 31%. The share of foreign-currency transactions declined, indicating strengthening of the national currency. Net profit reached 13.5 trillion soums ($1.1 bn), which is 57.1% higher than a year earlier. Over the period under review, the share of non-performing loans decreased to 3.5% from 4.3% a year earlier, pointing to improved portfolio quality. At the same time, in some banks this indicator remains above the sector average. Capital adequacy ratios exceed minimum regulatory requirements by more than 1.4 times, confirming the resilience of the banking sector.
Activity ranking of large banks for Q4 2025
The results for Q4 2025 show that sector leaders have maintained stable positions, while reshuffling within the ranking remains limited. The most notable progress was demonstrated by SQB, which climbed three positions. Positive dynamics were also recorded by Davr Bank, Orient Finance Bank, Xalq Bank, and Ipoteka Bank, all of which improved their standings in the overall ranking. At the same time, only two large banks showed a decline in activity. Invest Finance Bank and Aloqa Bank fell by four and three positions in the overall ranking, respectively. Overall, 13 banks retained their positions in the activity ranking, which, amid intensifying competition, reflects the ability of institutions to maintain operational efficiency, adequate liquidity, asset quality, and financial stability.
Dynamics of key indicators
In financial intermediation, Tenge Bank and Ipak Yuli Bank showed a decline in efficiency in attracting and allocating resources, losing four and three positions, respectively. National Bank, Asia Alliance Bank, Anor Bank, BDB, and Mikrokreditbank also dropped by one position in this category. In terms of financial inclusion, a one-position decline was recorded for Orient Finance Bank, Xalq Bank, Agrobank, BDB, and Ipoteka Bank. Regarding asset quality, six large banks registered a decline. Agrobank lost three positions, while National Bank, Trast Bank, Anor Bank, Aloqa Bank, and Asaka Bank each lost two positions. Despite the overall positive profit dynamics in the sector, two banks posted a decline in profitability, namely National Bank and Anor Bank, which fell by two and one positions, respectively. In management efficiency, weaker positions were observed for Mikrokreditbank and Anor Bank, both down two positions. In terms of liquidity, almost one-third of all large banks in the country lost positions, with the sharpest decline recorded by Davr Bank, down six positions, while Agrobank closed the ranking, falling to the last position on this indicator.
Activity ranking of small banks for Q4 2025
In the group of small banks, relative stability persists. Leaders have retained their positions. The main changes in this category also occurred in the mid-tier segment, where several banks improved their standings due to growth in financial intermediation and higher profitability. In this group, six out of 15 financial institutions, including the ranking leader Universal Bank, retained their positions. At the same time, five banks recorded declines, with the largest drop observed at Ziraat Bank, which lost three positions, while Apex Bank rose by three positions in the overall ranking. AVO Bank and Madad Invest Bank each gained two positions, while Okto Bank gained one position and secured third place in the overall group ranking.
Jafar Khidirov,
Head of Banking and Financial Research Sector
Uzbekistan's upcoming elections for the Legislative Chamber of the Oliy Majlis (Parliament) and the Councils of People's Deputies, scheduled for October 27th, are not just a routine event. They mark a significant milestone in the nation's democratic journey, introducing groundbreaking changes that promise to transform the electoral landscape. The recent meeting of the Central Election Commission unveiled several key innovations that will ensure greater efficiency, transparency, and inclusivity, making these elections a matter of global interest.
For the first time in the nation's history, the Legislative Chamber elections will employ a mixed electoral system, combining majoritarian and proportional representation. This change means that voters will elect seventy-five deputies directly, while another seventy-five will be chosen based on party votes. This system aims to create a more balanced and representative legislature, enhancing democratic legitimacy and ensuring a broader spectrum of political voices.
One of the most notable advancements in Uzbekistan's electoral system is the full digitization of election commission activities. The introduction of the 'E-Saylov' information system is a significant leap forward, revolutionizing the election process. This digital platform not only streamlines the process, reducing bureaucracy and document handling, but also ensures a smoother, more efficient, and transparent electoral experience. It automates interactions between election commissions, political parties, candidates, observers, and the media, providing real-time statistical data, candidate information, and interactive maps. This technological leap empowers voters with unprecedented access to essential election-related information, making the electoral process more inclusive and transparent.
Inclusivity is another cornerstone of these elections. New election legislation requires political parties to ensure that at least 40% of their candidates are women, a progressive move towards gender equality in political representation. This requirement not only aligns Uzbekistan with advanced democratic standards but also enriches the political discourse by incorporating diverse perspectives.
The elections are taking place in a context where the updated Constitution has significantly enhanced the powers of parliament and representative bodies. The Legislative Chamber's powers have increased from 5 to 12, and the Senate's from 12 to 18. Parliament's oversight functions over executive, judicial, law enforcement, and special services have also been expanded. Additionally, the leadership of local Councils of People's Deputies by hokims (governors) has been abolished, transferring 33 powers previously held by hokims to local Councils to increase their role in resolving critical state issues.
The slogan "My Choice—My Prosperous Homeland" not only captures the spirit of these elections but also reflects the unwavering commitment of Uzbekistan's leadership to democratic state-building and citizen empowerment. With over 120,000 election commission members, 70,000 citizens, and numerous international observers participating, the elections are set to be a transparent and inclusive process, further demonstrating this commitment.
In conclusion, Uzbekistan is setting a remarkable precedent with its upcoming elections by embracing technological innovation and inclusivity. These initiatives will undoubtedly pave the way for a more prosperous and democratic future, showcasing Uzbekistan’s dedication to advancing democratic principles and practices.
Eldor Tulyakov,
The Executive Director,
Development Strategy Centre (Uzbekistan)
Relocating an operational office to a new jurisdiction is invariably a complex undertaking, involving unfamiliar regulatory environments and concerns regarding continuity of team management and internal processes. Uzbekistan addresses the majority of these challenges — and this article examines the factors underpinning that proposition and the reasons why more than 1,000 technology companies have chosen the country as their base of operations.
Why Companies Choose Uzbekistan
For businesses originating from CIS countries, Uzbekistan offers a familiar business culture, an established professional rhythm, and a legislative framework that is relatively straightforward to navigate. Teams integrate into operational workflows more rapidly, and founders are not forced to spend the initial months resolving administrative or logistical matters.
A further advantage is the elimination of lengthy preparation periods for basic operational setup. IT Park provides not only company registration assistance but also fully equipped, ready-to-use office infrastructure - including furniture, equipment, and communications.
All core administrative processes are handled through a single interface — the One Stop Shop — covering company registration, tax administration, bank account opening, and documentation requirements, without the need to navigate multiple institutions. A dedicated team with experience guiding hundreds of companies through this process is on hand to anticipate and resolve common complications.
For teams relocating with their families, the Softlanding Program offers assistance with housing, documentation, and post-relocation adaptation, enabling employees to settle in efficiently and transition smoothly into professional responsibilities.
Zero Risk Program: Launching Without a Cash Flow Gap
The Zero Risk Program is designed to accelerate the initial operational phase of relocation. Participating companies receive a fully furnished and equipped office, enabling near-immediate commencement of operations. The program additionally covers a portion of recruitment and staff training costs and reimburses up to 15% of payroll expenses, allowing businesses to assemble their teams and reach full operational capacity without undue financial pressure.
Tax Conditions for IT Park Residents
IT Park residents benefit from some of the most advantageous tax conditions available to technology businesses in the region: a 0% rate on corporate income tax, VAT, and social tax. Personal income tax for employees stands at 7.5% - considerably lower than prevailing rates across much of Europe.
These conditions allow companies to direct a greater proportion of resources toward team development and business growth rather than absorbing a high tax burden.
The cost of living and operational expenditure in Uzbekistan further reinforces this advantage, enabling businesses to reduce recruitment and retention costs, as well as day-to-day operating expenses, while maintaining working and living conditions conducive to international business.
IT Visa and Conditions for Teams
A three-year IT Visa is available to founders, investors, and technology specialists, allowing holders to reside and work in Uzbekistan without a separate work permit. The visa extends to family members and grants access to healthcare and education services on equivalent terms to Uzbek citizens, as well as the right to purchase real estate without value restrictions.
Uzbekistan as a Base for International Expansion
For a growing number of companies, relocation to Uzbekistan extends beyond operational transfer. The country is increasingly regarded as a strategic platform for international development. The IT and BPO sectors are expanding rapidly, with regional offices and delivery centers being established to serve clients across Europe, the CIS, Asia, and the United States. Uzbekistan's geographical position between European and Asian markets facilitates access to multiple markets simultaneously.