A study conducted by the Center for Economic Research and Reforms has revealed a large-scale transition of Uzbekistani households to energy-saving technologies. The widespread adoption of energy-efficient solutions has enabled nearly 90% of households to implement at least one measure to reduce energy costs.

One of the key changes has been the widespread adoption of energy-efficient solutions at the household level.

The most common practice has been the installation of LED lighting. Overall, 87% of households have switched to LED lighting. In some regions, such as the Republic of Karakalpakstan and Khorezm, Navoi, and Tashkent regions, this figure exceeded 90%.

A total of 44% of households improved the thermal insulation of windows and doors through the installation of plastic structures, with particularly high activity in Kashkadarya (84%), Bukhara (69%), and Khorezm (54%) regions.

Additionally, 31% of households purchased energy-efficient household appliances, with the highest shares observed in Jizzakh (60%), Navoi (59%), and the Republic of Karakalpakstan (54%).

There is also growing interest in the use of renewable energy sources. More than half of owner households expressed satisfaction with the results and interest in expanding generation capacity.

The analysis indicates that potential demand for solar panels among the population amounts to approximately 1.9 million households, opening prospects for the formation of a domestic market valued at over $2.3 bn.

At the same time, a share of consumption through less efficient heating sources remains, including outdated gas boilers and solid-fuel stoves.

Potential for Improving Building Energy Efficiency

According to estimates, insulating the exterior walls of apartment buildings, modernizing heating systems, and replacing doors and windows could yield savings of more than $60 mln per year.

According to the World Bank, similar potential exists in social facilities, healthcare institutions, preschools, and public schools. Targeted investments to improve the energy efficiency of these facilities could reduce energy consumption by 20–50%, equivalent to a reduction of up to 7.1 bn kWh per year.

Thus, the measures being implemented in Uzbekistan to enhance energy efficiency serve as an important driver of economic growth.

CERR Public Relations Sector
Tel.: (78) 150 02 02 (417)

ART

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

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

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

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

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

Curator of the X Tashkent International Biennale of Contemporary Art:

Sukhrob Kurbanov - Art Critic and Art Historian.

Coordinator of the event:

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

Issues of further development of multifaceted partnership, promotion of economic and investment cooperation projects, establishment of practical interaction in the defense sector were discussed at the meeting between President of the Republic of Uzbekistan Shavkat Mirziyoyev and a delegation from the United Arab Emirates headed by Deputy Prime Minister, Minister of Defense, Crown Prince of the Emirate of Dubai Sheikh Hamdan bin Muhammad Al Maktoum.

The Emirati delegation included the Ministers of Government Affairs Muhammad bin Abdullah Al Gergawi, Energy and Infrastructure Suhail bin Muhammad Al Mazroui, Economy Abdullah bin Tuq Al Marri, and Minister of State for Artificial Intelligence and Digital Economy Omar bin Sultan Al Olama.

At the beginning of the conversation, Sheikh Hamdan Al Maktoum expressed his sincere gratitude to our Head of State for the warm welcome and conveyed warm greetings from UAE President Sheikh Mohammad Al Nahyan and Prime Minister of the UAE, Emir of Dubai Sheikh Mohammad Al Maktoum.

During the meeting, special attention was paid to the issues of forming a new long-term agenda of mutually beneficial cooperation in such key areas as investment, innovative development, green energy, infrastructure, education, healthcare, ecology, digital transformation, tourism and others.

The sides highly appreciated the fruitful results of the joint forum on unlocking the potential of mutually beneficial cooperation, bilateral intergovernmental and interdepartmental talks held this morning.

An agreement was reached to adopt a road map for the development of full-scale cooperation in strategic sectors.

It should be noted that the UAE is one of Uzbekistan's key partners in the Asian region.

The latest high-level contacts took place within the framework of the Global Climate Summit in Dubai last December.

The trade turnover in 2023 grew by 21 percent and amounted to 626 million dollars. More than 320 enterprises with the participation of Emirati capital operate in our country. The portfolio of ongoing and prospective investment projects amounts to about 20 billion dollars.

On August 14-15, 2025, the VIII Central Asian Expert Forum (CAEF) will be held in Tashkent under the title “Central Asia – a common space of trust, security and sustainable development”.

Established in 2018, the CAEF is held annually in the country chairing the Consultative Meeting of the Heads of State of Central Asia. The forum serves as an important platform for discussing the current state and prospects of regional cooperation, as well as developing recommendations for the further development of cooperation in Central Asia.

The Forum is organized by the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan (ISRS). Event partners include the Regional Center for Preventive Diplomacy for Central Asia, the European Union Delegation to Uzbekistan and the Organization for Security and Cooperation in Europe (OSCE), and the Konrad Adenauer Foundation.

The Forum will traditionally bring together heads and specialists of strategic institutes, research centers, and academic institutions from across the region. For the first time, prominent experts from the EU, ASEAN, the Nordic Council, as well as researchers from the Russian Federation, the USA, Great Britain, Switzerland and Azerbaijan have been invited to participate in its work in order to exchange experience in regional studies.

The Forum’s program will focus on prospects for deepening regional cooperation and explore specific measures to promote multifaceted collaboration.

In addition, the Forum will feature separate events: a scientific-practical conference on shaping regional identity and a roundtable discussing prospects for partnership between Central Asia and Northern Europe.

The upcoming expert dialogue is expected to identify common interests and outline priorities for Central Asia’s future development. The resulting recommendations will enrich the agenda of the forthcoming Consultative Meeting of the Heads of State of Central Asia, scheduled to take place this year in Uzbekistan.

Introduction: The Significance of President Shavkat Mirziyoyev’s participation in the 80th session of the United Nations General Assembly

The participation of the President of the Republic of Uzbekistan in the 80th session of the United Nations General Assembly (UNGA) this September held profound political and historic significance not only for our country but for the entire region. Speaking from this prestigious platform, which gathers heads of state from across the globe, Uzbekistan raised critical issues including sustainable development, combating climate change, ensuring food security, and the efficient management of water resources.

Through his address at the United Nations, a premier global institution, our President further solidified Uzbekistan’s international standing and reputation as a proactive and responsible state. Notably, by showcasing the ecological and innovative initiatives being implemented in the Aral Sea region, Uzbekistan demonstrated its openness to global cooperation in addressing pressing environmental challenges.

Another significant aspect of this participation is the integration of Uzbekistan’s international environmental initiatives into the global political agenda, highlighting the Aral Sea region as an open platform for advancing climate technologies.

During the visit, the initiatives concerning the Aral Sea region received significant attention from the international community.

During his address at the 80th session of the United Nations General Assembly, our President paid special attention to the environmental disaster in the Aral Sea region and the ongoing initiatives aimed at mitigating its consequences. This issue has garnered significant focus from the international community, reaffirming that the Aral Sea crisis is recognized not only as a regional challenge but also as a global environmental concern.

Uzbekistan’s initiative to transform the Aral Sea region into a hub of sustainable development and innovation has received strong support from international partners. In particular, significant opportunities were highlighted for implementing joint projects in areas such as green energy, water-saving technologies, ecotourism, and the restoration of biodiversity.

Thus, the raising of the Aral Sea issue on the prestigious platform of the United Nations during the visit served as a significant political and practical foundation for strengthening global cooperation and attracting increased attention from international donors and organizations.

Transforming the Aral Sea region into a hub for global climate technologies.

The challenges arising from the desiccation of the Aral Sea serve as a profound lesson for the entire world. In response, Uzbekistan aims to transform the Aral Sea region into a “global laboratory” by implementing advanced practices in green energy, water-saving technologies, biodiversity restoration, and climate change adaptation.

Such an approach not only addresses regional challenges but also offers an effective model for the international community. The projects being implemented in the Aral Sea region can subsequently serve as a replicable framework for other areas facing the impacts of climate change.

On May 18, 2021, during the 75th Session of the United Nations General Assembly, our President put forward the initiative to designate the Aral Sea region as a hub for ecological innovations and technologies. This proposal received enthusiastic support from the United Nations and the international community, and was unanimously adopted by all member states during the General Assembly plenary session. This resolution underscores Uzbekistan’s consistent and steadfast commitment to addressing the Aral Sea crisis and mitigating associated risks through a principled and effective approach.

The Aral disaster and its lessons for humanity.

The Aral Sea disaster is recognized worldwide as one of the greatest environmental catastrophes in human history. Once the fourth-largest lake in the world by surface area, the Aral Sea has almost completely dried up over the past half-century. This tragic development has dealt a severe blow to the regional climate, biodiversity, public health, and economy.

The drying up of the Aral Sea stands as a vivid example of human intervention that was not in harmony with nature. Excessive and inefficient use of water in irrigation, coupled with ineffective irrigation systems and planning errors, led to this major environmental disaster.

This tragedy underscored the necessity for humanity to use natural resources efficiently and wisely, highlighting the importance of developing water supply and agriculture solely based on sustainable technologies. At the same time, it clearly demonstrated that ensuring environmental security requires global solidarity and close international cooperation.

The imperative of sustainable development in the region.

The Aral Sea region today represents one of the most critical challenges for environmental, social, and economic sustainability in Uzbekistan and the broader Central Asian region. The limitations of natural resources, issues related to water supply, ongoing desertification processes, and declining living standards underscore the urgent need to implement a comprehensive sustainable development strategy in this area.

The necessity for sustainable development in the Aral Sea region is grounded in several key factors. Primarily, environmental security remains a pressing concern: frequent dust storms, soil degradation, and the loss of biodiversity pose direct threats to public health and the quality of life. Additionally, economic considerations are paramount, as the modernization of agriculture — the main source of income for the local population — requires the adoption of water-saving and innovative technologies.

Ensuring social sustainability requires a comprehensive set of measures aimed at creating new employment opportunities, increasing household incomes, and mitigating the risks of environmental migration. Furthermore, given that the challenges in the Aral Sea region transcend regional boundaries and hold global significance, addressing them necessitates reliance on international cooperation and partnership.

Opportunities of the Aral Sea region as an international innovation hub and platform for cooperation.

It is widely recognized that Uzbekistan has undertaken extensive and positive national efforts to combat the adverse environmental and public health impacts caused by the drying up of the Aral Sea. Since the early years of independence, the population of the White Aral Sea region has consistently felt the substantial support of the Uzbek government. The Government of Uzbekistan remains committed to paying continuous attention to the social welfare of the communities residing in the Aral Sea area.

Today, the Aral Sea region serves as an international innovation hub, playing a crucial role in promoting sustainable development in an area severely affected by ecological crisis. Through scientific, innovative, and practical projects, the center actively advances comprehensive work in key sectors including environmental protection, water resource management, agricultural technologies, energy, climate adaptation, and international cooperation.

In order to enhance the activities of the Center and further develop ecological and innovative technologies in the Aral Sea region, the Aral Sea International Innovation Center was transferred under the jurisdiction of the Ministry of Ecology, Environmental Protection, and Climate Change of the Republic of Uzbekistan, in accordance with Presidential Decree No. PQ-171 dated May 31, 2023.

In accordance with Presidential Decree No. PQ-5202 dated July 29, 2021, a modern laboratory, business accelerator training center, and technopark building, valued at 12.4 billion Uzbek soms, were completed and commissioned in 2024 within the Center’s premises. The laboratory is equipped with a plant seed gene bank and serves as a crucial scientific and innovative platform for preserving biodiversity in the region, protecting both native and introduced species, and achieving high efficiency in agricultural practices.

Currently, efforts are underway to commence full-scale operations at the facility, enrich the gene bank with an extensive seed collection, organize scientific research, and enhance the expertise of local specialists. This initiative not only supports sustainable agricultural development in Uzbekistan but also plays a crucial role in ensuring food security amid climate change and advancing international scientific cooperation across the entire Central Asian region.

Over the past period, the Center has established effective cooperation with a range of international and local organizations, as well as research institutes, in conducting scientific research and implementing projects. In particular, agreements and memoranda of understanding have been signed with over 70 foreign and domestic entities. Currently, 20 scientific-practical and innovative projects with a total value of 23.9 billion Uzbek soms are being carried out. These projects encompass alternative green energy, aquaculture, intensive horticulture, medicinal plant cultivation, resource-saving technologies, and social programs.

The Center’s activities are primarily focused on improving the living standards of the population, introducing and developing salt- and drought-tolerant crops, and implementing resource-efficient technologies. At the same time, it carries out scientific-practical and innovative initiatives aimed at restoring ecosystems, preserving biodiversity, and enhancing the quality of life in collaboration with leading international organizations. Among these partners are the United Nations Development Programme (UNDP), the International Center for Biosaline Agriculture (ICBA, UAE), the Xinjiang Institute of Ecology and Geography (China), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Global Green Growth Institute (GGGI), the Korea International Cooperation Agency (KOICA), the Japan International Cooperation Agency (JICA), and other prestigious institutions.

The “Samanbay” (24.3 hectares) scientific-production site in Nukus district and the “Moynoq” (106 hectares) site in Moynoq district serve as the primary experimental and testing bases of the Center. At these sites, experimental research and monitoring activities are being conducted in cooperation with foreign and local organizations. Additionally, the Center hosts joint laboratories established in partnership with international collaborators, as well as its own in vitro, soil, water, and plant biotechnology laboratories. These infrastructures support the deepening of scientific research carried out in the experimental fields and enhance the effectiveness of ongoing studies.

Each of the ongoing projects is aimed at creating long-term solutions for the Aral Sea region. Thanks to its innovative approach and international cooperation, the Aral Sea International Innovation Center is gradually becoming the primary platform in Central Asia for scientific research, technological development, and sustainable development.

In its future plans, the Aral Sea International Innovation Center aims to ensure environmental sustainability by implementing innovative eco-technologies, including desertification control measures and smart agriculture solutions.

Simultaneously, to strengthen scientific research activities, plans have been made to establish modern laboratories, a business accelerator, a training center, a technopark, experimental sites, and data analysis centers.

The Center aims to implement large-scale joint projects by further expanding cooperation with international organizations. Additionally, one of the Center’s priority directions is developing programs focused on fostering innovative ideas, creating startups, and enhancing professional skills for farmers, entrepreneurs, local communities, youth, and women.

Conclusion

The Strategic significance of the initiative to transform the Aral Sea region into a global hub for climate technologies.

The initiative to transform the Aral Sea region into a global hub for climate technologies holds strategic significance not only on a regional scale but also worldwide. Its core essence lies in ensuring environmental sustainability, conserving water resources, mitigating desertification processes, and restoring biodiversity.

At the same time, the introduction of solar and wind energy, modern irrigation systems, and innovative technologies will open broad avenues for the development of a green economy in the region. This initiative will strengthen cooperation with international organizations such as the United Nations and the Green Climate Fund, creating new employment opportunities for the local population and enhancing overall prosperity.

Most importantly, the Aral Sea region’s experience will serve as an effective model in addressing climate change and water resource challenges on a global scale in the future.

Director of the Aral Sea International Innovation Centre under the Ministry of Ecology, Environmental Protection and Climate Change of the Republic of Uzbekistan

B.S.Khabibullaev

Президент Шавкат Мирзиёев начал свою поездку в Республику Каракалпакстан с ознакомления с промышленным потенциалом региона.

Совместное предприятие “Nukus Eleсtroapparat” было введено в строй в 2017 году, оно производит силовое оборудование для электросетей. В июне текущего года здесь был запущен проект по изготовлению солнечных панелей стоимостью более 10 миллионов долларов. Оборудование было доставлено и установлено из Республики Корея. Производственный процесс полностью автоматизирован. Годовая мощность проекта составляет 273 тысячи единиц.

Это будет способствовать дальнейшему внедрению альтернативной энергетики в нашей стране. На сегодняшний день в различных сооружениях и домах установлены солнечные панели общей мощностью 600 мегаватт. Этот процесс продолжается.

Наряду с локализацией востребованной на внутреннем рынке продукции совместное предприятие получило возможность экспортировать продукцию на 4 миллиона долларов. Обеспечено работой 70 человек.

Глава нашего государства ознакомился с технологическим процессом, побеседовал с работниками. Ответственным лицам даны указания по увеличению количества таких предприятий и производству ими продукции с высоким спросом на рынке.

Здесь же была представлена продукция, производимая предприятиями отрасли.

На самом заводе установлены солнечные панели мощностью 125 киловатт. Полученная электроэнергия используется для внутренних нужд, а излишки реализуются в региональную электросеть.

За последние годы в нашей стране за счет инвестиций в размере 2 миллиардов долларов введены в эксплуатацию 10 солнечных и ветряных станций общей мощностью 2,6 гигаватта. Также ведется работа по 32 "зеленым" проектам мощностью 18,6 гигаватта общей стоимостью 19 миллиардов долларов. В целом к 2030 году намечено довести долю возобновляемых источников энергии в энергетическом балансе до 40 процентов.

In December 2025, the President of Uzbekistan Shavkat Mirziyoyev will pay an official visit to Japan and take part in the high-level Central Asia + Japan Dialogue summit.

Since the establishment of diplomatic relations between the two states on 26 January 1992, the development of Uzbek–Japanese cooperation has been one of the key priorities of Uzbekistan’s foreign policy in the Asia-Pacific region. Based on mutual respect and trust, Tashkent and Tokyo are today building dynamic, multi-tiered cooperation covering politics, security, the economy, investment, innovation, education, culture, tourism, and interaction within regional formats.

Japan has traditionally been a key strategic partner in modernizing industrial and energy infrastructure, advancing digital transformation, promoting sustainable development, and supporting progress in education, science, culture, and humanitarian exchange.

Bilateral cooperation between Uzbekistan and Japan is rich and dynamic. A turning point in the development of the dialogue was President Shavkat Mirziyoyev’s official visit to Japan in December 2019, which gave a powerful impetus to the implementation of major joint economic, investment, and humanitarian projects and defined the long-term trajectory of bilateral engagement.

On the international stage, Uzbekistan and Japan interact effectively within international organizations and support each other’s positions. Over the years, Uzbekistan has supported Japan’s candidacy to UN bodies more than 40 times, while Tokyo has co-sponsored a number of UN General Assembly resolutions initiated by Uzbekistan, including resolutions on the Central Asian Nuclear-Weapon-Free Zone, education and religious tolerance, youth support, and the role of parliaments in achieving the Sustainable Development Goals.

The strategic nature of bilateral relations is also reflected in inter-parliamentary cooperation. Friendship groups operate within both national parliaments, regular meetings of the Uzbekistan–Japan Inter-Parliamentary Forum are held, mutual visits take place, and online consultations and negotiations are conducted.

Cooperation between the foreign ministries is likewise intensive. Since 2002, 19 rounds of political consultations have been held between the foreign ministries of the two countries.

A significant milestone in this regard was the first Strategic Dialogue between the Foreign Ministers of Uzbekistan and Japan, held on 25 August 2025 in Tashkent. This new format underscored the long-term nature of bilateral engagement and the readiness of both sides to expand mutually beneficial cooperation across all areas.

Regular contacts, telephone conversations, meetings on international platforms, and reciprocal visits by foreign ministers help coordinate positions on bilateral and multilateral issues and further intensify cooperation in other areas.

Honorary consuls of Uzbekistan in Japan also play an important role in promoting interstate cooperation, actively contributing to the advancement of economic and cultural initiatives.

Economic cooperation between Uzbekistan and Japan is developing dynamically and encompasses industry, energy, communications, infrastructure, innovation, transport, and the “green economy.” Trade between the two countries is conducted under the most-favored-nation regime, which has contributed to steady growth in bilateral trade turnover.

In 2024, the Uzbek–Japanese Trade House opened in Nagoya, demonstrating Japan’s growing interest in expanding trade ties with Uzbekistan.

Joint meetings of the Uzbekistan–Japan and Japan–Uzbekistan Committees on Economic Cooperation serve as the key coordination mechanism for bilateral economic projects.

Today, 84 joint ventures with Japanese capital operate in Uzbekistan, and 13 major Japanese companies have representative offices in the country, working in the oil and gas, chemical, engineering, logistics, education, and tourism sectors.

Japanese financial institutions play a strategic role in modernizing Uzbekistan’s economy. In January 2025, a loan agreement worth USD 150 million was signed in Tashkent with the Japan International Cooperation Agency (JICA) for the construction and equipping of the Republican Center for Neurology and Stroke — a modern project that will represent an important step in advancing national healthcare.

The cultural and humanitarian dimension of Uzbek–Japanese relations is distinguished by depth and emotional resonance. For more than two decades, the Uzbekistan–Japan Friendship Society, as well as the Fukushima–Uzbekistan Association and the Japan–Uzbekistan Association, have been actively operating. The Hiroshima Peace Stone installed in Tashkent and the Japanese Garden in the heart of the capital have become symbols of strong friendship between the peoples of Uzbekistan and Japan.

Uzbekistan regularly hosts Japanese cultural festivals, film screenings, performances, and exhibitions. In turn, Uzbekistan widely showcases its cultural traditions in Japan — from national cuisine and traditional garments to music and dance. Such exchanges form a unique basis for friendship between the two nations, fostering mutual respect and strengthening long-term cooperation.

Modern cultural projects have become the hallmark of humanitarian dialogue. In April 2022, Tokyo hosted the vibrant event “Spirit of the Silk Road — Bridge of Friendship,” and in 2024, the Japanese ensemble “Japanese Pearl” won third place at the traditional Boysun Bahori festival.

Education is one of the most rapidly developing areas of humanitarian cooperation. More than 2,500 students study Japanese language across seven universities in Uzbekistan. The Uzbek–Japanese Center for Human Resource Development operates in the country, the Japan Development Scholarship (JDS) program is being implemented, and joint projects are carried out with the universities of Tokyo, Nagoya, Tsukuba, Keio, and Toyohashi. Over 400 Uzbek students have received JDS scholarships, and about 2,500 specialists have undertaken internships in Japan. Exchange programs and faculty visits are active, and university rector forums are held.

Joint scientific research is being conducted in ancient history, archaeology, oriental studies, agriculture, and climate processes.

Japan provides financial and technical support to the development of healthcare in Uzbekistan. More than USD 60 million has been allocated for equipping medical facilities, training specialists, and supplying vaccines. Over 100 Japanese volunteers have worked in Uzbekistan, and more than 200 Uzbek medical professionals have completed internships in Japan.

Interregional diplomacy occupies an increasingly important place in bilateral relations. Sister-city partnerships have been established between Rishtan and Maizuru, Tashkent and Nagoya, and Samarkand Region and Nara Prefecture. Within this framework, Samarkand Days are regularly held in Japan, alongside cultural events in Nagoya.

Growing interest among Japanese visitors in Uzbekistan’s culture and history is stimulating cooperation in the tourism sector. The number of Japanese visitors to Uzbekistan continues to rise, facilitated by expanded air connectivity, active promotion of cultural tourism, and improved infrastructure.

Particular interest is drawn to Uzbekistan’s Buddhist heritage sites — Kara-Tepe, Fayaz-Tepe, Dalverzin-Tepe, and the temple complexes of Termez and its surroundings. Thanks to the research of Japanese scholars, these monuments have gained international recognition and attract visitors and experts from around the world.

Another vivid example of Japanese public interest in Uzbekistan was the success of the Uzbek pavilion, “Garden of Knowledge: Laboratory of the Future Society,” at EXPO 2025 in Osaka. Uzbekistan’s national pavilion was recognized as one of the most remarkable exhibits and was awarded a Gold Medal. The world premiere of the National Symphony Orchestra of Uzbekistan’s performance “Celestial Dance,” dedicated to bilateral friendship, captivated Japanese audiences.

The Central Asia–Japan Dialogue, whose first leaders’ summit President Mirziyoyev will attend during his visit, is a format that fully aligns with Uzbekistan’s regional priorities and reflects the growing political consolidation of Central Asian states.

The initiative to establish the Dialogue was first proposed by Japan’s Foreign Minister Yoriko Kawaguchi during her visit to Tashkent on 24 August 2004. The priority goals identified at the time included ensuring peace and stability in the region, supporting reforms and social development, strengthening intra-regional ties, enhancing Central Asia’s partnership with neighboring regions and the international community, and cooperating on pressing regional and global issues.

Today, the Dialogue has evolved into a stable platform for trusted interaction and discussions on sustainable development.

To provide the format with practical substance, regular working meetings of senior officials, sectoral expert consultations, and Tokyo Intellectual Dialogues are held. In recent years, the Economic and Energy Dialogues at the ministerial level, conducted in Tokyo in 2023–2025, have become particularly significant.

Infrastructure assistance has always been one of Japan’s priorities within the Dialogue. Japanese organizations such as JICA and Japan Bank for International Cooperation (JBIC) systematically participate in modernizing transport corridors, logistics hubs, roads, engineering facilities, airports, and rail infrastructure. These projects significantly increase regional connectivity and strengthen Central Asia’s role as a key bridge between East Asia, the Middle East, and Europe.

Japan, a global leader in digitalization and automation, actively shares its expertise with the countries of the region. For Uzbekistan, this cooperation is especially important: the country is rapidly developing its IT sector, creating IT parks and technology parks, launching digital economy programs, and attracting Japanese experts for training national specialists.

Given Japan’s long-standing leadership in environmentally sustainable development and energy-efficient technologies, environmental cooperation is also a central element of the partnership.

As the most populous country in the region and a major transport and logistics hub, Uzbekistan plays a central role in shaping the agenda of the Dialogue. In recent years, Uzbekistan has contributed significantly to strengthening the practical content of cooperation by initiating new projects across various fields.

Over the past two decades, the Dialogue has proven itself as a stable and in-demand mechanism of partnership that allows the countries of the region and Japan to build systematic cooperation across a wide range of areas.

Thus, the upcoming visit of President Shavkat Mirziyoyev to Japan and his participation in the Central Asia + Japan Summit will deepen both bilateral and multilateral political dialogue, expand economic and investment cooperation, and strengthen educational and scientific ties. Undoubtedly, the active efforts of the President to expand mutually beneficial partnerships will once again confirm Uzbekistan’s commitment to regional integration and open, constructive international dialogue.

Comprehensive monitoring of key business activity indicators across the regions of Uzbekistan shows growth across all major metrics.

According to оперативные данные from the Tax and Customs Committees, the Central Bank, and the Uzbek Republican Commodity Exchange, the Center for Economic Research and Reforms conducts ongoing monitoring of regional business activity in the Republic of Uzbekistan.

As of January this year, tax revenues demonstrated stable positive dynamics, increasing by 39.2% compared to the same period last year.

The most notable increase in revenues was recorded in the Syrdarya, Navoi, Khorezm, and Kashkadarya regions, where growth rates averaged approximately 49%.

Personal income tax revenues increased by 15.1%, property tax revenues by 19.6%, and land tax revenues by 20.3%.

Customs payments grew by 19.8% year-on-year. The highest growth rates were observed in the Navoi, Jizzakh, and Namangan regions, averaging approximately 67%.

Stable positive dynamics were also recorded in the Samarkand region and the Republic of Karakalpakstan, where revenues increased on average by 31%.

According to the analysis of foreign economic indicators, exports of goods increased by 19.5%. The most significant growth in export deliveries was observed in the Tashkent and Navoi regions, increasing on average by 47%.

At the same time, a notable expansion in lending activity was recorded. During the reporting period, the volume of loans issued by commercial banks increased by 2.7%. The highest growth was observed in the Samarkand, Bukhara, and Khorezm regions, averaging approximately 58%.

The active development of the private sector is confirmed by a significant increase in the number of newly registered business entities. In January 2026, a total of 7,116 new enterprises were registered. The largest number of new business entities was recorded in the city of Tashkent (1,712). Among the regions, the leaders were Tashkent region (735), Samarkand region (610), and Khorezm region (550).

The volume of transactions on the Uzbek Republican Commodity Exchange increased 1.8 times. Growth in exchange activity was recorded in most regions of the country, particularly in the Syrdarya region, where activity increased 11.1 times. In addition, growth was observed in the Khorezm, Surkhandarya, Bukhara, Jizzakh, and Kashkadarya regions, averaging 6.5 times.

Sultonmurod Ozodov,

Center for Economic Research and Reforms

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

The analysis covers the key thematic and semantic emphases of the President’s speech, the structure of core concepts and their interrelations, priority directions of state policy, as well as the strategic benchmarks for the country’s socio-economic development in 2026.

On 26 December 2025, President Shavkat Mirziyoyev delivered his Address to the Oliy Majlis and the people of Uzbekistan. Experts of the Center for Economic Research and Reforms (CERR) conducted a linguistic content analysis of the President’s speech.

The analysis was carried out using modern linguistic methods and is aimed at identifying semantic priorities, key concepts and their connections. A word cloud and diagrams were also prepared to visually demonstrate the priority directions of state policy.

Analysis (from the original language)

In total, the President used 9,135 words in his Address. The creation of a word cloud made it possible to visualize the most significant themes and gain a deeper understanding of the priorities and directions of the country’s socio-economic development.

Figure 1. Most frequently used words in the President’s Address (26.12.2025)

The linguistic analysis showed that the most frequently used key words included “mahalla” – 49 times, “aholi” (population) – 35 times, “iqtisodiyot” (economy) – 28 times, “bozor” (market) – 26 times, “loyiha” (project) – 25 times, and “technology” – 22 times (Fig. 1).

Words such as “ta’lim” (education), “natija” (result) and “daromad” (income) were each used 20 times; “tadbirkor” (entrepreneur) and “sanoat” (industry) – 19 times each; “suv” (water) – 18 times; “elektr” (electricity) and “hudud” (territory) – 17 times each; “yoshlar” (youth), “infratuzilma” (infrastructure) and “qurilish” (construction) – 16 times each.

The analysis of two-word expressions showed that the phrase “Markaziy Osiyo” (Central Asia) was used eight times; “aholi daromadi” (household income), “qishloq xo‘jaligi” (agriculture) and “yangi bosqich” (new stage) – seven times; “yangi texnologiyalar” (new technologies) and “Toshkent shahri” (city of Tashkent) – six times each. Expressions such as “Davlat xizmatlari” (public services), “xorijiy investitsiya” (foreign investment) and “yangi tizim” (new system) were used five times, while “dual ta’lim” (dual education), “ish o‘rni” (jobs), “viloyat markazlari” (regional centers) and “tuman byudjeti” (district budgets) were used four times each.
Among three-word combinations, the most frequent expressions included “the next five years” – nine times; “based on dual education” – four times; and “water-saving technologies” and “water, electricity” – three times each.

Thus, the analysis shows that at the core of state policy are the mahalla, public welfare, and the transition to a new stage of development based on economic and technological transformation, with clearly defined strategic objectives for the next five years.

Thematic structure of the speech

The diagram below shows the distribution of the speech’s vocabulary by key directions, where the content is grouped into nine main thematic blocks.
The diagram clearly demonstrates that technological development and human interests, implemented at the level of the mahalla, are at the center of state policy. The ultimate goal of all reforms is to ensure public welfare through sustainable economic growth (Fig. 2).

Figure 2. Distribution of words by thematic areas in the structure of the speech

Interconnection of development directions

The analysis highlights key words that demonstrate the interconnection between various directions of Uzbekistan’s state policy in the coming years.
The transition of the economy to a technological and innovation-based growth model is a central element of state policy and implies a shift away from a raw-materials model toward high-tech industry. This direction is closely linked with such concepts as “investment,” “technology,” “market,” and “product.”

The block on economic growth and welfare reflects the key outcomes of reforms, including the increase of the economy to $145 bn and a twofold reduction in poverty over the past three years. It is directly associated with the concepts of “population,” “economy,” “mahalla,” and “services.”

The social foundation of reforms is built through the development of the mahalla and social solidarity. This direction is associated with “mahalla,” “youth,” “society,” and “values.”

Structuring vocabulary by thematic areas shows that the core of the President’s speech is technological modernization of the economy and a human-centered governance model based on the “mahallabay” system.

It emphasizes the interconnection between economic growth, improvement of public welfare and the development of local infrastructure, as well as priorities such as strengthening human capital, expanding employment and increasing the efficiency of public administration.

Figure 3. Interconnection of development directions

Among the highlighted semantic blocks are also tasks related to stimulating domestic demand, developing the housing and tourism sectors, modernizing the transport system, increasing productivity in agriculture and introducing water-saving technologies.

Special emphasis is placed on the “green” agenda, including the development of renewable energy, expansion of the “Yashil Makon” (“Green Space”) initiative, and strengthening resilience to climate risks.

In the foreign policy dimension, the analysis highlights Uzbekistan’s openness, strengthening of good-neighborly relations, and integration into the global economic system.

The linguistic analysis confirms that the idea at the core of the President’s speech is built around the triad “inson qadri – mahalla – farovonlik” (human dignity – mahalla – welfare), where the goal of reforms is sustainable growth, improved quality of life, and the further strengthening of Uzbekistan’s position.

Ilyos Rabbimov, CERR

CERR Public Relations Service

For inquiries, please contact:

(78) 150 02 02 (417)

OPEN CALL

The Academy of Arts of Uzbekistan invites you to participate

at the X Tashkent International Biennale

of Contemporary Art,

which will be held from 14 to 18 October 2024 in the city of Tashkent (Uzbekistan). Can take part in the Biennale artists of various areas of contemporary art and present your work on the topic

“Art and World”.

In addition to the main exhibition, the biennale will host a number of artistic and cultural events, such as exhibitions, lectures and master classes, an international conference, and a tour of the cities of Uzbekistan.

All expenses of foreign participants for their stay (meals, internal transportation, accommodation) in Tashkent, except for flights,

will be covered by the Organizing Committee.

Applications for participation in the Biennale are accepted until August 15, 2024 via Google form:

https://forms.gle/aUEMyfrsyQUsrp7b7

(detailed information is given in the attachment to this letter)

*Organizers have the right to make changes to the event program

*Application requirements

X International Biennale of Contemporary Art
(Tashkent, Uzbekistan, October 14-18, 2024)

Requirements for Art Works

*The organizers have the right to make amendments

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Dunyo IA