The issues of further expansion of practical interaction and promotion of investment cooperation projects were discussed at the meeting between President of the Republic of Uzbekistan Shavkat Mirziyoyev and the delegation of the United Arab Emirates comprising Minister of Industry and Advanced Technologies Sultan Ahmed Al Jaber and Minister of Energy and Infrastructure Suhail Mohammed Al Mazroui.

At the beginning of the conversation, Sultan Al Jaber conveyed to the Head of our State sincere greetings and best wishes from the President of the Emirates Sheikh Mohamed Al Nahyan, Prime Minister of the country, Emir of Dubai Sheikh Mohammed Al Maktoum and Vice President Sheikh Mansour Al Nahyan.

In the course of the meeting, the current highest level of Uzbek-Emirati multifaceted relations was noted with special satisfaction. The volumes of mutual trade turnover, the number of joint ventures and the frequency of flights are growing. The portfolio of ongoing and promising projects with the participation of leading Emirati companies in Uzbekistan reaches $20 billion.

Green energy is the driving force behind bilateral cooperation. Today, a 500 megawatt wind farm was commissioned in Navoi region, a project implemented by Masdar.

In general, in recent years with the participation of this company power generation facilities with total capacity of 1.5 gigawatts have been commissioned in our country.

Particular attention was paid to the early preparation and implementation of major investment projects in the energy, oil and gas and chemical industries, mining, water supply, household waste processing and other fields.

The importance of continuing productive contacts at all levels and careful preparation for the upcoming high-level events was noted.

The Business Activity Index (BAI), estimated by the Center for Economic Research and Reforms, reached 1124 points in February 2026, increasing by 12.4% compared with the previous month (and by 24.2% compared with the same period last year, Chart No.1).

In February of the current year, the following changes were observed across the BAI components:

• the component reflecting the number of transactions on business entities’ bank accounts increased by 22%;
• the intensity of raw material purchases on the commodity exchange rose by 10.6%;
• the component reflecting active business entities increased by 0.9%;
• the trademark component grew by 9.4%.

In February 2026, the BAI also increased in 13 regions compared with the previous month (Chart No.2).

In particular, notable growth was observed in Andijan region (44.8%), Syrdarya region (41.7%), Tashkent region (33.3%), and Kashkadarya region (28.2%).

At the same time, in the Republic of Karakalpakstan the indicator slightly declined by 0.5%, remaining at a moderate level.

Banking operations

During the reporting period, the number of interbank payment transactions reached 6,760.3 thousand, increasing by 1,220.5 thousand transactions (22%) compared with January 2026.

An increase in interbank payment operations was recorded in 12 regions. In particular, a significant rise in banking operations between legal entities compared with the previous month was observed in Tashkent city (24.1%), Surkhandarya region (23.3%), Samarkand region (21.4%), and Navoi region (17.7%).

At the same time, this indicator declined in Syrdarya region (8.1%) and the Republic of Karakalpakstan (1.6%).

Exchange component

In February of the current year, the exchange component of the BAI reached 1.1058 points, increasing by 10.6% compared with the previous month.

This reflected a 36.2% increase in the number of transactions concluded, while the average volume of goods purchased per transaction declined by 15.1%.

The total turnover of goods traded on the UzEx amounted to 6,296 billion soums in February 2026, which is 6.5% higher than in the previous month.

Component of active business entities

During the reporting period, this component amounted to 1.0088 points, increasing by 0.9% compared with the previous month.

At the same time, the total number of operating business entities increased by 4,079 units, reaching 508.5 thousand.

The number of large enterprises increased by 51 units, reaching 4,161.
The number of small enterprises rose by 3.9 thousand, reaching 415.1 thousand.
The number of farms increased by 36, reaching 89.2 thousand.

Trademark component

In February 2026, the trademark component reached 1.0641 points, increasing by 9.4% compared with the previous month.

During this period, 430 trademarks and product names were registered by legal entities.

Islombek Saparmatov, CERR

Today, Uzbekistan and Kyrgyzstan are connected not only by a shared border and close historical and cultural ties. A common economic space is gradually emerging, built on mutual trade, industrial cooperation, joint investment, and direct ties between businesses and regions.

Over the past decade, the two countries have moved from resolving accumulated issues to implementing concrete projects. The border is becoming a link rather than a barrier, while the complementary nature of the two economies is creating new opportunities.

Drivers of Trade and Economic Cooperation

The transformation is most clearly reflected in the growth of bilateral trade. Compared with 2016, mutual trade has increased more than sevenfold. Uzbekistan’s exports have grown more than sixfold, while imports from Kyrgyzstan have increased more than ninefold. Thus, the flow of goods is expanding in both directions.

In 2025, Uzbekistan’s foreign trade turnover with Kyrgyzstan reached nearly $1.2 billion, rising by 37% year-on-year. Uzbekistan’s exports to Kyrgyzstan increased by 46.5% to $771 million, while imports reached $428 million, up nearly 23%.

The positive trend continued in 2026. In January–May, trade turnover approached $469 million, increasing by 45.5%. Uzbekistan’s exports rose by 63% to $771 million, while imports from Kyrgyzstan increased by nearly 13% to $428 million.

The structure of bilateral trade has also changed significantly in recent years. For example, while light industry products accounted for more than 50% of Uzbekistan’s exports in 2021–2022, their share declined to 19%, or $147 million, in 2025. Agricultural and food products accounted for 15%, or $112 million; machinery, equipment, and vehicles for 11%, or $87 million; and chemical products for 11%, or $81 million.

At the product level, exports are primarily composed of finished textile products, electricity, cement, mineral fertilizers, knitted fabrics, automobile bodies and components, ceramic tiles, aluminum profiles, fruit and vegetable products, and confectionery.

The quality of Uzbekistan’s export structure has also improved. The share of raw materials in exports declined from 56% in 2019 to 8.2% in 2025. Processed goods accounted for 40%, with the remainder consisting of finished products, services, and goods supplied by individuals.

Imports from Kyrgyzstan are also gaining strategic importance. In 2025, mineral and raw material products accounted for 44%, or $190 million, of imports from Kyrgyzstan. Fuel and energy products made up 26%, or $111 million, including $85 million worth of coal and lignite. Agricultural and food products accounted for 14%, or $61 million. Other significant imports included glass, natural stone, rolled metal products, tires, and packaging materials.

At the same time, considerable growth potential remains. Kyrgyzstan currently accounts for only about 1.5% of Uzbekistan’s total foreign trade turnover. This indicates that the goal set by the two countries to increase mutual trade to $2 billion by 2030 is fully achievable. However, reaching this target will require systematic efforts to diversify the range of traded goods and strengthen cooperative links that can support durable trade and investment relations.

Investment and Industrial Cooperation

Investment and industrial cooperation constitute the second major driver of economic relations between the two countries.

In 2016, only 49 enterprises with Kyrgyz capital operated in Uzbekistan. By the end of 2025, their number had reached 344, representing a sevenfold increase. As of July 1, 2026, there were already 374 such enterprises.

An important mechanism in this area is the Uzbek–Kyrgyz Development Fund, established in 2021. The fund already uses several support instruments, including investment lending, leasing, and project financing. The next stage of its development could involve expanding its portfolio and actively channeling resources into export-oriented joint ventures.

A number of joint enterprises have also been launched in recent years. These include the Kyrgyz–Uzbek Tulpar Motors automobile plant in the Chuy Region, which generates demand for metalworking, automotive components, logistics, and maintenance services.

Joint projects are also being implemented in the textile industry, household appliance manufacturing, the production of plastic and aluminum profiles, construction materials, and other sectors.

Implementation has begun on major projects such as the China–Kyrgyzstan–Uzbekistan railway and the 1.9 MW Kambarata Hydropower Plant-1.

These projects provide a solid foundation for a new structural breakthrough in bilateral relations.

Promising Areas of Cooperation

The results achieved in trade and economic cooperation, together with the rapid economic growth of Uzbekistan and Kyrgyzstan, create significant opportunities for further expanding bilateral economic relations.

One priority is to increase mutual trade, with a particular emphasis on products resulting from industrial cooperation. Achieving the target of $2 billion in bilateral trade will require more than simply increasing sales of finished goods. The two countries will need to expand trade in inputs intended for further processing as part of deeper cross-border value chains.

According to estimates by the Center for Economic Research and Reforms, Uzbekistan has the potential to increase exports to Kyrgyzstan of passenger vehicles and components, trucks, agricultural machinery, iron and steel products, finished textile products, polymer materials and finished plastic goods, electrical products and equipment, pharmaceuticals, and cement.

Kyrgyzstan, in turn, has the potential to increase supplies of mineral ores, plastic products, glass, natural stone, ceramic products, and environmentally friendly agricultural and food products.

A strategically important area of cooperation could be the transition to large-scale industrial collaboration through the creation of joint full-cycle production facilities and clusters in border regions.

In light industry, border regions produce more than 600 tons of raw cotton and have a cattle population of 4 million and a sheep and goat population of 6.4 million, providing a substantial raw material base. Proximity to China can also reduce the cost of purchasing synthetic raw materials for the industry.

Construction materials represent another promising area because their production is already one of the leading industrial sectors in the border regions. Kyrgyzstan is also experiencing a construction boom, with construction activity increasing 1.7 times in the first half of 2026, thereby generating additional demand for construction materials.

In the food industry, cooperation could focus on processing fruit and vegetables, meat and dairy products, and producing juices, jams, animal feed, and other food products.

In the mining sector, the two countries could develop joint projects for the exploration and development of mineral resources, including critical minerals and iron ore deposits. Such projects should aim to establish full production cycles, from extraction to the manufacture of finished products.

Additional potential for industrial cooperation and investment exists in electrical equipment, household appliances, pharmaceuticals, medical devices, and automotive components, including parts, batteries, tires, and plastic and metal components.

An important consideration in this area is ensuring that products are manufactured in accordance with the standards and market requirements of the Eurasian Economic Union. This would strengthen the export potential of joint projects.

As part of their industrial cooperation agenda, Uzbekistan and Kyrgyzstan should begin developing joint industrial projects along the route of the China–Kyrgyzstan–Uzbekistan railway. Logistics terminals, industrial zones, warehouses, processing centers, and freight service facilities should be established along the route. This would help create a major industrial hub in the region.

Other important areas include deeper interregional and cross-border cooperation and greater support for entrepreneurship. Promising fields include e-commerce, joint entry into third-country markets, marketplaces, startup cooperation, digital payments, tourism, and workforce training for joint enterprises.

In conclusion, Uzbekistan and Kyrgyzstan have already established a solid foundation for economic partnership. The next stage should transform quantitative growth into qualitative production integration. The two countries need to move from trading individual goods toward joint value chains, interconnected industrial cooperation networks, and a common production and logistics space.

Ruslan Abaturov,
Center for Economic Research and Reforms

At the invitation of President of the Republic of Uzbekistan Shavkat Mirziyoyev, United Nations Secretary-General António Guterres will pay an official visit to our country from June 30 to July 1.

The program of the high-ranking guest's stay in Tashkent envisages talks at the highest level.

The agenda includes issues of further expansion and strengthening of Uzbekistan's multifaceted cooperation with the UN and its institutions, as well as topical aspects of global policy and regional interaction. Special attention will be paid to supporting measures to achieve the Sustainable Development Goals in our country.

During the visit, the UN Secretary-General will also visit a number of industrial and social sites, hold bilateral meetings and events.

Translated with DeepL.com (free version)

On September 13, the President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting with the winners and medalists of the XVII Summer Paralympic Games.

The event was attended by the leadership of the National Paralympic Committee and sports federations, coaches, parents of athletes, representatives of state and public organizations.

As you know, the competitions were held from August 28 to September 8 in the capital of France, Paris. About 4.4 thousand Paralympians from 168 countries participated in them. From Uzbekistan, 65 para-athletes competed in 9 sports.

The Paralympic Games, like the Olympics, were successful for our country. Our compatriots set many records, winning 10 gold, 9 silver, 7 bronze - a total of 26 medals. They took 13th place in the overall team standings, as well as 3rd place in Asia and 1st place among Turkic, Islamic countries and the Commonwealth of Independent States.

Today, environmental challenges such as climate change, desertification, biodiversity loss and air pollution are driving countries around the world toward closer cooperation. Uzbekistan has likewise identified environmental protection and climate change adaptation as key priorities of its state policy. In this context, the development of international partnerships, particularly with the United States, is of special importance.

At present, experts and representatives from both countries actively engage on various international platforms. In particular, the National Committee on Ecology and Climate Change of the Republic of Uzbekistan regularly participates in meetings of the Environment and Energy Working Groups within the C5+1 framework. This dialogue platform enables the countries of Central Asia and the United States to exchange expertise on environmental issues and advance new initiatives.

In recent years, bilateral cooperation has gained significant momentum. Uzbek delegations have taken part in international forums, educational programs, and professional development initiatives hosted in the United States. Participation in sessions of the United Nations Forum on Forests, visits organized through cooperation with the United States Geological Survey (USGS) and educational exchanges on environmental topics under the U.S. Congress’s Open World Program have all contributed to strengthening professional expertise and promoting the exchange of knowledge and best practices.

In 2024, a meeting between Uzbekistan’s Minister of Ecology, Environmental Protection and Climate Change, Aziz Abdukhakimov, and U.S. Presidential Advisor Sara Minkara underscored the importance of integrating social considerations into the environmental agenda. The parties discussed the impact of climate change on persons with disabilities and reached an agreement to foster cooperation between higher education institutions in the two countries.

Significant progress is also being made in scientific collaboration.
A memorandum signed in 2025 between Green University in Tashkent and the Center for Sustainable Development at Columbia University is expected to elevate research in the fields of ecology and climate change to a new level. A practical outcome of this partnership was the visit to Uzbekistan by world-renowned economist and sustainable development expert Jeffrey Sachs.

Looking ahead, there are broad opportunities to further expand environmental cooperation between Uzbekistan and the United States. One particularly promising area is the study of U.S. experience in forest management. Approximately one-third of the United States is covered by forests and the country has developed advanced forest management and monitoring systems that may offer valuable insights for Uzbekistan.

Considerable potential also exists in the fields of biodiversity conservation and protected area management. In the United States, millions of hectares of land are managed for conservation purposes and this experience could contribute to the further development of Uzbekistan’s protected area system.

Particular attention should also be given to cooperation in education and science. Establishing partnerships between Green University and leading global institutions such as the University of California, Berkeley, Stanford University, Harvard University and Yale University would not only enhance the quality of scientific research but also help prepare a new generation of specialists in ecology and climate science.

In addition, the United States’ advanced experience in sustainable urban development and «green» infrastructure is of considerable interest for Uzbekistan’s cities. Cities such as Portland and Seattle have successfully implemented projects involving «green» streets, cycling infrastructure, modern waste management systems and air quality monitoring technologies. Studying these practices could support the advancement of green city initiatives across Uzbekistan.

The hosting of the Eighth Assembly of the Global Environment Facility (GEF) in Samarkand in 2026 further strengthened Uzbekistan’s international standing in the field of environmental cooperation. The participation of U.S. representatives in Eco Expo Central Asia 2026, organized as part of this landmark event, has the potential to elevate environmental partnership between the two countries to a qualitatively new level.

Today, environmental cooperation between Uzbekistan and the United States extends beyond individual projects and events, increasingly taking on the character of a long-term strategic partnership. At a time when climate change and environmental security are becoming ever more pressing global concerns, such cooperation will contribute to sustainable development not only in both countries, but across the wider region as well.

Марказий Осиё сўнгги йилларда иқлим ўзгариши оқибатларига тобора кўпроқ дуч келаётган ва дунёда ундан энг кўп зарар кўриши мумкин бўлган минтақалридан бири. Сўнгги 70 йил ичида Марказий Осиёда ҳарорат Цельсий бўйича 1,5-2 даражага кўтарилди. Бу эса экологик муаммоларнинг кескинлашувига, музликларнинг эриши ва чўлланишнинг тезлашишига таъсир кўрсатмоқда. Ушбу жараёнларнинг барчаси бир-бири билан ўзаро боғлиқ бўлиб, минтақадаги экотизимлар, иқтисодиёт ва одамлар ҳаётига салбий таъсир кўрсатмоқда.

Глобал миқёсда иқлим ўзгариши туфайли музларнинг эриш тезлиги сўнгги йилларда 65 фоизга ошди: 90-йилларнинг бошида сайёрада йилига 0,8 триллион тонна, 2000-йилларга келиб эса 1,3 триллион тонна муз эриб кетган. Марказий Осиё минтақаси учун ҳам ушбу экологик муаммо бугунги куннинг энг муҳим иқлим муаммолари қаторига киради.

Марказий Осиёда сув ресурслари тақчиллиги ортиб бормоқда. Бугунги кунда 37 миллион нафардан ортиқ киши асосан сув таъминотининг пасайиши, шунингдек, тегишли инфратузилманинг етарли даражада ривожланмаганлиги билан боғлиқ бўлган сув ресурслари кескин етишмайдиган ҳудудларда яшайди.

Евроосиё тараққиёт банки ҳисоб-китобларига кўра, 2025-2030-йилларда минтақа мамлакатлари учун сув ва иқлим инфратузилмасига зарур бўлган инвестицияларнинг умумий ҳажми қарийб 29,2 миллиард долларни ташкил этади.

Оролбўйи минтақасининг ҳолати вазиятни қийинлаштирмоқда – шамоллар Оролнинг қуриган тубидан ҳар йили тахминан 15-75 миллион тонна қум, чанг ва тузни учириб кетади. Бу эса сезиларли масофаларда ҳавонинг сифатини ёмонлаштиради ва бевосита ижтимоий-иқтисодий йўқотишларга олиб келади.

Шу сабабдан ҳам сўнгги йилларда Марказий Осиёнинг минтақавий кун тартибида экологик масалалар тобора устувор аҳамият касб этмоқда. Сув ресурслари билан боғлиқ муаммолар, ерларнинг деградацияси, иқлим ўзгариши, Оролбўйининг ҳолати эндиликда минтақа мамлакатлари томонидан алоҳида эмас, балки минтақанинг умумий барқарор ижтимоий-иқтисодий ривожланиш масалалари контекстида кўрилмоқда.

Марказий Осиё мамлакатлари давлат раҳбарларининг сиёсий иродаси туфайли экология соҳасидаги кўп томонлама ҳамкорлик янада тизимли ва мазмунли бўлиб бормоқда.

Бунда минтақавий ҳамкорликнинг институционал асосларини мустаҳкамлаш алоҳида ўрин тутди. Оролни қутқариш халқаро жамғармаси ва унинг тузилмалари амалдаги механизмлари билан бир қаторда, экологик масалалар минтақа мамлакатлари давлат раҳбарларининг маслаҳат учрашувлари, шунингдек, соҳавий идоралараро ва экспертлар мулоқоти доирасида янада изчил мустаҳкамлана бошлади.

Минтақа мамлакатларининг иқлим билан боғлиқ халқаро тадбирларда фаоллашганини ҳам таъкидлаш жоиз. Хусусан, БМТнинг Иқлим ўзгариши тўғрисидаги доиравий конвенцияси конференцияларида Марказий Осиё мамлакатлари "5 мамлакат - 1 минтақа - 1 овоз" тамойили остида чиқиш қилиб, иқлим муаммолари бўйича миллий устувор масалалар ва умумий минтақавий ёндашувларни тақдим эта бошладилар.

Марказий Осиёнинг барча мамлакатлари Париж келишуви доирасида ўзларининг миллий миқёсда белгиланган ҳиссасини тақдим этди ва иссиқхона газларини камайтириш, "яшил" энергетика қувватини ошириш ва мослашувчанлик салоҳиятини мустаҳкамлаш бўйича ўз олдига юқори мақсадларни қўйди.

Шу билан бирга, Қозоғистон 2060-йилга бориб углерод нейтраллигига эришиш йўлини белгилаб олди, Ўзбекистон эса 2035-йилга бориб ялпи ички маҳсулот бирлигига тўғри келадиган иссиқхона газлари эмиссиясини 2010-йилдагига нисбатан 50 фоизга камайтириш бўйича мақсадли кўрсаткични оширди. Қирғизистон, Тожикистон ва Туркманистон ҳам глобал иқлим мақсадларига эришиш йўлидаги интилишларини тасдиқлаб, ўз ҳиссасини доимий равишда янгилаб, ошириб келмоқда.

Орол инқирози оқибатларига мослашиш масаласида ҳам сезиларли натижаларга эришилди. Хусусан, Орол денгизининг қуриган тубида Ўзбекистон томонида сўнгги 5 йил ичида 1,7 миллион гектар ўрмонзорлар барпо этилди, Қозоғистон томонида 1 миллион гектардан ортиқ майдонда ўрмон-мелиорация ишлари олиб борилди.

Минтақавий ҳамкорликнинг яна бир ёрқин натижаларидан бири Шимолий Оролдаги вазиятнинг яхшиланиши бўлди. Сирдарё бўйидаги   сув омборларининг иш тартибини мувофиқлаштириш ва давлатлараро келишувларни бажариш ҳисобига сўнгги уч йилда денгизга 6 миллиард куб метрдан ортиқ сув келиб тушди. Натижада Шимолий Оролнинг ҳажми 2022-йил охиридаги 18,9 миллиард куб метрдан 2025-йил охирида 23 миллиард куб метргача ошди.

Билим алмашинуви ва илмий экологик экспертиза соҳасида ҳам минтақавий ҳамкорлик кенгаймоқда. Ўзбекистонда атроф-муҳит ва иқлим ўзгаришини ўрганиш бўйича Марказий Осиё университетининг ташкил этилиши ушбу ҳамкорликнинг натижаси бўлиб, минтақада шу йўналишда кадрлар тайёрлаш ва қўшма тадқиқотларни ривожлантириш учун янги майдонга айланди.

Шундай қилиб, Марказий Осиёда ўзаро минтақавий экологик ҳамкорлик аста-секин амалий аҳамият касб этмоқда. Мамлакатлар умумий халқаро позицияни шакллантириш, мувофиқлаштириш механизмларини ривожлантириш, Оролбўйи экотизимларини тиклаш бўйича чора-тадбирларни амалга ошириш ва илмий-таълим базасини яратишда сезиларли натижаларга эришди.

Шу билан бирга, минтақадаги экологик муаммолар кўлами мувофиқлаштиришни кенгайтиришни тақозо қилмоқда. Трансчегаравий сув ресурсларини бошқаришда янада ўзаро мувофиқлаштирилган ёндашувларни ишлаб чиқиш, иқлим ўзгаришининг оқибатларига мослашиш чораларини кенгайтириш, сув ва экологик инфратузилмага узоқ муддатли инвестицияларни жалб этиш, шунингдек, умумий экспертлар базаси ва таҳлилий базани мустаҳкамлаш устувор вазифалар сифатида қолмоқда.

Кейинги йилларда Марказий Осиёнинг экологик кун тартиби самарадорлиги минтақа мамлакатлари сиёсий ҳамкорлик натижаларини барқарор қўшма механизмларга қанчалик изчил трансформация қила олишига боғлиқ бўлади.

Остона шаҳрида бўлиб ўтадиган Минтақавий экологик саммит иқлим масаласида умумий мақсадига эришиш йўлидаги яна бир қадам бўлади. Иқлим ва экологик муаммоларни бартараф этиш бўйича янги ва амалий ечимларни ишлаб чиқиш нафақат Марказий Осиё мамлакатларининг глобал иқлим кун тартибига қўшган ҳиссасини оширишга, балки экотизимлар барқарорлигини таъминлаш, ҳаво ифлосланишини камайтириш, табиий ресурсларни барқарор бошқариш ва устувор равишда сув ва энергетика ресурсларини бошқариш бўйича минтақавий вазифаларни ҳал этишга ҳам хизмат қилади.

Эльвира Бикеева,

МҲТИ лойиҳа раҳбари

Малика Сапармуҳаметова,
МҲТИ етакчи мутахассиси

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

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

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

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

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

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

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

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

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

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

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

Modernization of Transport and Urban Services:

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

Education and Social Sector:

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

Agriculture and Water Management:

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

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

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

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

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

Dunyo IA

In January, growth in the business climate was mainly driven by an outpacing increase in the expectations component. The agricultural sector and services became the key drivers of business confidence.

The Center for Economic Research and Reforms (CERR) presented the results of its business climate analysis based on monthly surveys of entrepreneurs across the republic. Based on the collected data, a composite Business Climate Indicator was formed, reflecting both current assessments of business conditions and expectations for the next 3 months.

Dynamics of Uzbekistan’s Composite Business Climate

In January of the current year, Uzbekistan’s composite Business Climate Index stood at 64 points (on a scale from −100 to +100), which is 23% higher than the level of 2025.

The improvement in the business climate was primarily driven by stronger assessments of the current business situation, which increased by 28%.

An additional contribution came from improved optimism regarding short-term business prospects. In particular, business expectations rose by 20%.

According to the survey, 22% of enterprises increased their number of employees. At the same time, 71% of respondents expect demand for their products to grow over the next three months, compared to about 60% in the same period last year.

The share of enterprises forecasting an increase in employment in the coming quarter rose to 65%, up from 58% a year earlier.

Sectoral Dynamics of the Business Climate Index

In sectoral terms, an improvement in the business climate compared to last year was observed in construction, agriculture, and services.

In agriculture, the Business Climate Index increased by 62% year-on-year and reached 77 points, compared to 48 points in January 2025.

Growth was mainly supported by a significant improvement in assessments of current conditions and more favorable expectations. The current situation indicator in the sector increased 2.7 times from 27 to 72 points, while expectations grew by 17% to reach 82 points.

44% of entrepreneurs assessed the condition of their business in the sector as “good,” compared to 39% a year earlier. Growth in demand for products over the past three months was reported by 46% of enterprises versus 39% in January last year. Expectations for further demand growth in the near term remain high at 71%, compared to 68% a year earlier.

In the services sector, the business climate increased by 25% compared to January last year, reaching 65 points versus 52 points a year earlier.

Growth was driven by a gradual improvement in current business conditions. Current assessments in services rose by 18% to 52 points. At the same time, a more pronounced increase was observed in the expectations component, which grew by 32% to 79 points, indicating a substantial strengthening of companies’ confidence in short-term prospects.

70% of entrepreneurs expect demand for their services to grow over the next three months, compared to 58% in January 2025. The share of enterprises expecting to increase employment in the coming quarter amounted to 61%, up from 54% a year earlier.

In the construction sector, the business climate increased by 13% to 61 points, compared to 54 points a year earlier. The current situation indicator improved by 43% to 57 points. Expectations were formed at the level of 66 points, showing a decline of 4%.

38% of respondents reported that business conditions in construction had improved over the past three months, compared to 35% a year earlier. The share of enterprises reporting workforce growth rose to 38% from 22% a year earlier. Expectations of demand growth over the next three months were expressed by 77% of entrepreneurs, compared to 61% in January last year.

In industry, the business climate slightly declined by 5% compared to last year, while remaining at a sufficiently high level of 54 points.

At the same time, optimism among industrial enterprises remains steadily high. In January, expectations increased by 10%, reaching 78 points, indicating a continued positive outlook regarding development prospects.

According to the survey, the share of respondents reporting an improvement in business conditions over the past three months reached 32%, compared to 30% a year earlier. Demand growth over the same period was noted by 38% of industrial enterprises versus 36% in January last year. Meanwhile, employment expansion plans strengthened — 69% of entrepreneurs expect to increase their workforce in the next three months, compared to 62% a year earlier.

Barriers to Entrepreneurial Activity

According to the survey, more than half (57%) of entrepreneurs see no barriers in their activities. Among the problems cited, the most frequent are taxation (11%), utilities (9%), and access to credit (8%).

CERR Sector for the Study of Sectoral Competitiveness and Investment Activity

Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector

Tel: (78) 150 02 02 (417)

In the context of today’s global development, the competitiveness of states is determined прежде всего by their intellectual potential, modern education systems, scientific advancement, and innovative capabilities. In this regard, education, science, and innovation are gaining strategic importance in elevating cooperation among Turkic states to a fundamentally new level. These areas contribute not only to economic growth and human capital development, but also to strengthening spiritual closeness among peoples, creating a common civilizational space, and building a solid foundation for future progress.

In recent years, thanks to the efforts of the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, an entirely new atmosphere has emerged in relations with the Turkic states. In particular, large-scale projects implemented in the fields of higher education, science, and innovation are gradually becoming a practical mechanism for Turkic integration. Today, hundreds of inter-university agreements, joint educational programs, academic exchanges, and research projects are being implemented with Türkiye, Kazakhstan, Kyrgyzstan, Azerbaijan, and Turkmenistan.

Cooperation with Kazakhstan is among the most active areas in this regard. Currently, more than 280 agreements and memorandums are in force between higher education institutions of Uzbekistan and Kazakhstan. In recent years, student exchange between the two countries has increased significantly. In particular, during the 2025/2026 academic year, the number of Kazakh students studying at universities in Uzbekistan exceeded 1,000. At the same time, more than 5,500 Uzbek students are pursuing higher education in Kazakhstan.

The practice of opening branch campuses of universities has also marked a new stage in Turkic educational integration. The branch of South Kazakhstan University in Chirchiq and the branch of the National Research University “TIIAME” in Almaty are vivid examples of such important initiatives. These projects contribute not only to training qualified personnel, but also to developing common educational standards.

Cooperation with Kyrgyzstan is also developing consistently. In recent years, more than 90 agreements and memorandums have been signed between the universities of the two countries. In 2023, a forum of rectors was held in Osh, and in 2024 another forum took place in Samarkand, resulting in dozens of new agreements. These forums are becoming important platforms for shaping a common higher education space among the Turkic states.

Uzbekistan’s allocation of state grants for Kyrgyz youth is also of particular importance. Since 2021, 100 state grants have been allocated annually for citizens of Kyrgyzstan. This contributes to strengthening the integration of human capital through education.

In cooperation with Azerbaijan, cultural and educational initiatives occupy a special place. Universities of the two countries are implementing joint projects in philology, literature, arts, tourism, oil and gas studies, and medicine.

The operation of the Fuzuli Center for Azerbaijani Culture, Education and Research at the Tashkent State University of Uzbek Language and Literature, as well as the establishment of the Alisher Navoi Scientific Center in Baku, are vivid examples of the spiritual closeness between the two peoples. Such centers contribute to the in-depth study of the common literary and cultural heritage of the Turkic nations.

It should be emphasized that the joint study and promotion of the legacy of great ancestors plays an important role in strengthening the spiritual foundations of Turkic integration. In particular, the legacy of Alisher Navoi serves as a powerful spiritual bridge uniting Turkic peoples. On February 13, 2026, an international conference titled “Alisher Navoi — the Great Representative of Turkic Literature” was held at the TURKSOY headquarters in Ankara to mark the 585th anniversary of the poet’s birth. The event brought together representatives of science, literature, and diplomacy from across the Turkic world, as well as prominent scholars and cultural figures.

During the conference, TURKSOY Secretary General Sultan Raev described Navoi as the common conscience and civilizational symbol of the Turkic world. Discussions focused on researching Navoi’s works using modern scientific approaches, studying manuscripts, and expanding publishing and translation activities. In particular, the full publication of the “Khamsa” in Azerbaijani and the translation of “Mahbub ul-Qulub” into several Turkic languages demonstrate that Navoi’s legacy has become a shared spiritual treasure of the Turkic world.

As part of the conference, international scientific projects implemented by the Tashkent State University of Uzbek Language and Literature were presented. In addition, the awarding of TURKSOY medals to several Uzbek scholars and cultural figures for their contributions to Turkic culture and literature became a high recognition of spiritual cooperation.

Turkology occupies a special place in the scientific and cultural cooperation among Turkic states. The International Conference on Turkological Studies dedicated to the 100th anniversary of the First Turkological Congress, held on April 8, 2025, at Baku Slavic University, demonstrated that cooperation in this sphere is reaching a new level. The event brought together representatives of the Azerbaijan National Academy of Sciences, leaders of universities from Türkiye, Kazakhstan, and Uzbekistan, prominent scholars, and a delegation from Namangan State University. Discussions focused on promising directions in Turkological research, the study of shared historical and cultural heritage, and the expansion of international academic cooperation.

Humanitarian and scientific cooperation with Turkmenistan is also developing harmoniously. Joint research, olympiads, international conferences, and scientific projects are regularly organized between Uzbek and Turkmen scholars. In particular, the launch of a joint scientific project competition and the financing of four joint research initiatives starting from 2024 are of great significance.

Cooperation with Türkiye has become one of the largest and most institutionalized dimensions of Turkic integration. In recent years, more than 200 cooperation agreements have been signed between higher education institutions of Uzbekistan and Türkiye. Dozens of new projects have also been launched within the framework of rectors’ forums between the two countries.

Joint educational programs, technoparks, and projects in engineering and high technologies are being implemented with leading Turkish universities. In particular, training courses on drone technologies organized in cooperation with the company TUSAŞ, the establishment of an innovative educational and industrial technopark based on the “Yildiz” technopark concept, and the activities of the branch campus of the Turkish University of Economics and Technology in Tashkent are creating a new model of Turkic innovation cooperation.

Today, the integration of Turkic states is no longer limited to cultural proximity or historical commonality. It is gaining new substance through innovation, startups, digital technologies, artificial intelligence, engineering, and scientific research. Joint scientific project competitions conducted between Uzbekistan and Türkiye in cooperation with TÜBİTAK are a practical manifestation of this process.

At the same time, initiatives are being advanced to strengthen academic mobility among Turkic states, ensure mutual recognition of diplomas and qualifications, create unified educational platforms, and establish scientific journals and research funds. Most importantly, these processes are driven by the idea of investing in human capital, educating younger generations on the basis of shared values, and ensuring intellectual unity. In the 21st century, the fate of nations is determined not by oil or gas, but by knowledge, technology, and innovation.

In this sense, cooperation in education, science, and innovation is becoming the most sustainable, promising, and powerful driver of integration among Turkic states. This process not only brings Turkic peoples closer together, but also contributes to the emergence of a new intellectual and technological center across the Eurasian region.

One of the important factors elevating Turkic integration to a new stage is the strengthening of institutional cooperation among higher education institutions. Uzbekistan’s chairmanship of the Union of Turkic Universities — TÜRKÜNİB — during 2025–2026, an organization uniting more than 100 universities, clearly demonstrates the country’s active and initiative-driven policy in this area.

On October 15, 2025, the 8th General Assembly of TÜRKÜNİB was held at Tashkent International University within the framework of the “Days of Turkic Science and Innovation.” The event was attended by the Secretary General of the Organization of Turkic States, Kubanychbek Omuraliev, President of the Turkic Academy Shahin Mustafayev, representatives of the OTS and TURKSOY leadership, university rectors, scholars, and representatives of international organizations. Around 200 delegates from 69 universities of Azerbaijan, Türkiye, Kazakhstan, Kyrgyzstan, Hungary, Northern Cyprus, and Uzbekistan participated in the Assembly.

During the event, the results of the “TurkBarometer” project were presented, and socio-political processes and integration trends within the Turkic states were discussed. Meetings held in the U2U — “University-to-University” — format served as a practical platform for establishing new inter-university partnerships.

Today, one of the important institutional platforms contributing to the formation of a unified academic space among Turkic states is the International University of Turkic States established in Tashkent. The university operates with the aim of deepening cooperation in education, science, and innovation among Turkic countries, training modern specialists, and developing joint scientific research.

The university’s academic programs, governance model, and educational processes are being developed based on the principles of mutual integration among Turkic states. In addition, the institution serves as an important platform for expanding academic exchange among faculty members and students, as well as for implementing joint educational programs and scientific projects.

Integration among Turkic states is no longer confined solely to education and science. Youth policy, student exchange, and sports diplomacy are also becoming important components of this process. In particular, at the 3rd Turkic States Universiade held in Cholpon-Ata, Kyrgyzstan, in September 2025, the Uzbek delegation participated with 80 student-athletes across seven sports disciplines. These competitions contribute to strengthening friendship and solidarity among the youth of Turkic countries, fostering a healthy competitive environment, and developing a shared youth space.

Today, cooperation among Turkic states in the fields of education, science, and innovation is becoming one of the key drivers of common development. Relations strengthened through universities, scientific centers, academic platforms, and youth initiatives are helping to unite the intellectual potential of the Turkic world.

Importantly, these processes are not limited to current interests or short-term projects. Their significance lies in the creation of a common space of knowledge and development for future generations. Convergence in science, innovation, and modern technologies plays a crucial role in enhancing the international competitiveness of Turkic states.

Today, the intellectual cooperation developing among Turkic states is bringing not only universities and research institutions closer together, but also the peoples themselves. This creates an opportunity to build a new model of modern development based on shared history and spiritual heritage.

In this regard, education, science, and innovation are becoming the strongest spiritual and intellectual bridge connecting the common future of the Turkic states.

Nazokat ABDUQUNDUZOVA, Head of the Information Service
Ministry of Higher Education, Science and Innovation

We, the participants of the First International Islamic Civilization Forum, held on July 7–8, 2026, in Tashkent, express our profound gratitude to His Excellency Shavkat Mirziyoyev, President of the Republic of Uzbekistan, and acknowledge the exceptional significance for contemporary society of the historic initiative he presented in September 2017 at the 72nd session of the United Nations General Assembly. This initiative seeks the revival, scientific study, and broad dissemination of the rich humanistic heritage of Islamic civilization.

We unanimously recognize that the establishment of the Islamic Civilization Center in the Republic of Uzbekistan, the effective organization of its activities, and the convening of the First International Islamic Civilization Forum represent the practical realization of this initiative. These efforts have undoubtedly marked the beginning of a new era of international cooperation in the study, preservation, and promotion of the invaluable heritage of the Muslim Ummah.

Based on the principles of peace, tolerance, education, and intercultural and interreligious dialogue;

noting the enormous contribution of Islamic civilization to the development of global science, education, art, architecture, and spiritual and intellectual thought;

recognizing the need to counter ignorance, extremism, xenophobia, Islamophobia, and distorted perceptions of Islamic heritage;

emphasizing that the scientific study of religious and cultural heritage is becoming increasingly important for strengthening international trust and ensuring sustainable development;

recognizing the historical contributions of both ancient and modern Uzbekistan, as well as the broader region, to the formation and advancement of Islamic and global civilization, we hereby adopt this Declaration.

1. To establish a new framework for international cooperation in the study, preservation, and dissemination of the heritage of Islamic civilization, the participants of the First International Islamic Civilization Forum propose the following global initiatives:

1. World Alliance for Islamic Civilization
   
   

The establishment of a World Alliance for Islamic Civilization, anchored by the Islamic Civilization Center in Uzbekistan, is proposed to unite international organizations, scientific and educational institutions, academies of sciences, museums, libraries, foundations, archives, centers of Islamic manuscripts, research institutes, and other relevant entities.

The primary objective of the Alliance is to foster sustained international cooperation, implement collaborative scientific, educational, cultural, museum, and digital initiatives, facilitate the exchange of knowledge and best practices, and coordinate efforts to preserve, study, and promote the creative achievements of Islamic civilization as an essential component of global cultural and intellectual heritage.

2. World Digital Registry of the Islamic Civilization Heritage

The development and maintenance of a unified international digital platform is proposed to aggregate manuscripts, archival materials, museum collections, architectural monuments, intangible cultural heritage, and scientific research related to the heritage of Islamic civilization.

3. International Program "Islamic Civilization: Heritage of All Humanity"
   
   

The implementation of a comprehensive international program is proposed to highlight Islamic civilization's contributions to global science, culture, and education. This initiative would encompass international exhibitions, educational projects, scientific conferences, publishing activities, and cultural events.

4. International Islamic Civilization Prize
   
   

The establishment of an international prize is proposed to honor individuals who have made significant contributions to the study, preservation, and dissemination of Islamic civilization's heritage, as well as to the advancement of science, education, intercultural dialogue, and humanitarian cooperation.

5. International Foundation for the Study of Islamic Civilization
   
   

The creation of an international foundation is proposed to support fundamental scientific research, the restoration of historical monuments, the training of emerging scholars, the implementation of publishing projects, and the advancement of international academic collaboration.

6. Global Digital Library of Islamic Civilization
   
   

Establish a multilingual digital library that integrates manuscripts, scholarly works, archival documents, museum collections, educational resources, and digital exhibitions dedicated to the heritage of Islamic civilization.

7. International Encyclopedia of Islamic Civilization
   
   

Develop and publish a comprehensive, multi-volume scholarly encyclopedia focused on the history of Islamic civilization, prominent scholars, schools of thought, cultural monuments, and major achievements of the Islamic world.

8. Annual International Report on the State of the Islamic Civilization Heritage
   
   

Establish a framework for the annual production of an analytical report that addresses the condition of cultural and educational heritage sites, the outcomes of scientific research, current challenges, and opportunities for international cooperation in preserving and studying the heritage of Islamic civilization.

9. International Youth Islamic Civilization Forum
   
   

Establish a permanent international platform for dialogue among young scholars, researchers, students, and specialists in cultural heritage, with the objective of cultivating a new generation of scholars in Islamic civilization.

10. International Union of Museums of Islamic Culture, Art, and Civilization
    
    

Establish an International Union of Museums of Islamic Culture, Art, and Civilization to unite leading museums, museum complexes, galleries, and specialized institutions from multiple countries.

The Union aims to advance international museum cooperation, organize joint exhibitions, conduct research and implement restoration, educational, and digital initiatives, facilitate the exchange of collections, best practices, and specialists, and preserve, study, and promote the heritage of Islamic culture, art, and civilization.

Maintain the Forum's International Council, elected at the First International Islamic Civilization Forum, as a permanent coordinating body. Assign it the responsibility of consolidating all initiatives and proposals from Forum participants, developing and approving an international roadmap for joint actions through 2030, and presenting this roadmap to Forum participants, international organizations, and the Government of the Republic of Uzbekistan as a practical mechanism for implementing this Declaration.

We, the Forum participants, urge states, international organizations, scientific institutions, universities, museums, libraries, and public organizations to collaborate in implementing these initiatives for the sake of peace, mutual respect, education, and the preservation of the rich heritage of Islamic civilization as an essential component of the world's cultural treasury.