Since ancient times, Central and South Asia have been closely connected through trade, cultural exchange and political processes. Geographical proximity and ancient trade routes contributed to active dialogue between peoples and civilizations, the exchange of goods and culture as well as the formation of a shared historical and cultural identity in the region. Following the acquisition of independence, the Central Asian states began gradually developing their own foreign policy and economic strategies toward South Asia.

Given the significance of Central and South Asia, shaped by their strategic location, abundant natural resources, demographic potential and historical heritage, these regions have become the subject of extensive scientific research. Thus, from the perspective of the regional security complex, scholars consider Central and South Asia as two independent yet equal regions. In this context, it is important to emphasize the transformation of Afghanistan’s role as a key component of the regional security complex, facilitating interconnectedness and the gradual rapprochement between South and Central Asia.

It should be noted that Uzbekistan, located in the heart of Central Asia, plays a key role in ensuring regional security and stability. At the same time, the country, actively promoting constructive foreign policy initiatives aimed at strengthening peace and cooperation in the region, acts as the locomotive of economic interconnectedness between Central and South Asia. Recognizing the growing demand for mutual ties between the regions, in July 2021 in Tashkent a high-level international conference “Central and South Asia: Regional Connectivity. Challenges and Opportunities” was held. There the proposal to develop and submit for consideration to the UN General Assembly a draft special resolution “On Strengthening the Connectivity between Central and South Asia” was put forward. As a result, in July 2022, the UN member states unanimously approved the adoption of this resolution, which became another vivid testament to the recognition of our country’s role and authority in deepening interconnectedness, establishing dialogue with the region and maintaining peace and stability.

It should be emphasized that the resolution calls on states to unite their efforts in combating common challenges and threats to stability and security in Central and South Asia, recommends continuing and deepening interregional cooperation by expanding transport infrastructure and information-communication technologies, as well as by developing new international transport corridors that provide convenient, sustainable, commercially viable, affordable, accessible, inclusive and safe routes to seaports.

In these processes, Termez has the potential to become a unique platform for connecting the two regions, both in terms of ensuring regional security and in terms of developing trade and economic relations. At the same time, the city of Termez, historically considered as one of the centers of dialogue between peoples and civilizations, the development of trade, humanitarian, and other ties, for many centuries occupied a strategically important position in the region. Thus, the era of the Kushan Empire, Termez served as a major cultural center where various civilizations actively interacted. The city was a significant hub for the transmission of Buddhist art and literature, which spread widely across Central and South Asia. Moreover, from a geographical point of view, Termez was a link between Central and South Asia. It was also one of the key points on the Great Silk Road connecting East and West.

At the present stage, Termez serves as a starting point for the implementation of a number of transport and infrastructure projects, such as the “Termez – Naibabad – Maydan Shahr – Logar – Kharlachi” railway, the “Surkhan – Puli-Khumri” power lines, and others. In general, the significance of the Termez platform lies in the following:

Firstly, in the context of ensuring regional security and stability, the city of Termez has consistently held a central position. Following the events of 11/9/2001 the “Termez Strategic Air Transport Point” was established here, which operated from 2002 to 2015 and ensured the logistics of humanitarian cargo for the International Security Assistance Force in Afghanistan. This experience further reinforced the city’s significance as a secure transit and supply hub during times of military instability.

In addition, Termez is actively used within the framework of Uzbekistan’s joint initiatives with international partners in combating terrorism, drug trafficking, and cross-border crime. In this context, the “Friendship Bridge” connecting Uzbekistan and Afghanistan, plays an important role in ensuring control not only over the movement of people and cargo, but also in monitoring the illegal trafficking of drugs (including synthetic drugs) coming from Afghanistan, which is important for maintaining regional security (for example, employees of the “Ayritom” border customs post in Surkhandarya region in March of this year prevented an attempt to illegally import a batch of narcotic drugs with a total weight of 70 kg and in May of this year – 600 kg).

At the same time, Termez is considered a platform for constructive resolution of border issues. Thus, on August 22-28, 2024, a regular meeting of the working groups of the joint Uzbek-Tajik demarcation Commission was held in Termez. During the meeting, joint work continued on coordinating the passage of the design demarcation line of the Uzbek-Tajik state border, following which a corresponding protocol was signed.

Secondly, the trade, economic, and logistical significance of the city of Termez, as a material foundation for long-term peace and security in Central and South Asia, is determined by its strategic location and modern logistical infrastructure.

In particular, in 2022, “The Termez Cargo Center terminal” received the status of an international multifunctional logistics hub serving cargo flows to Afghanistan and South Asian countries. This, in turn, has elevated its status in international humanitarian infrastructure (from 2025 it has been integrated into the UN High Commissioner for Humanitarian Affairs warehouse network) and contributed to the expansion of humanitarian shipments’ geography (in 2022 humanitarian aid was delivered by air from Termez to flood victims in Pakistan, and in 2023, the UNHCR Regional Humanitarian Logistics Center in Termez sent 12 truckloads of over 48,000 blankets to Afghanistan). It is noteworthy that Termez’s infrastructure is being actively utilized by international organizations to deliver food and medicine to South Asia, which contributes to reducing social tension and preventing the escalation of conflicts caused by humanitarian crises.

Furthermore, the opening of the Termez International Trade Center in August 2024, designed to create a favorable business environment and logistics, simplify administrative procedures and create conditions for entrepreneurs, on the one hand, enhances the city’s economic attractiveness and, on the other hand, stimulates the growth of economic cooperation between Central and South Asia. In this context, it should be noted that on the territory of the Center (37 hectares, 500 meters from the border with Afghanistan), where 3 thousand retail outlets are located, a 15-day visa-free regime has been introduced for visitors.

In this regard, Termez is also considered a suitable platform for conducting bilateral economic relations. Thus, in March and April of 2024 year, representatives of the Afghan delegation, headed by the Minister of Trade N. Azizi and business circles of the Balkh province, visited the city of Termez, where they held a meeting with the Uzbek side to develop bilateral trade and economic cooperation and expand cooperation in such sectors as agriculture, textiles, pharmaceuticals, food, and mining.

Thirdly, the cultural and humanitarian potential of Termez is considered to be of considerable importance. Thus, in 2018, at the initiative of the President of the Republic of Uzbekistan, an educational center for Afghan citizens was created. This educational institution is the only one in the world that provides training exclusively for Afghans in 17 areas of higher and 16 areas of secondary specialized, vocational education. During his functioning, about 700 Afghan citizens underwent training, meanwhile 200 of them are girls.

The institution actively maintains international relations and cooperation with donor countries and foreign organizations such as UNDP, EU, GFR, Slovakia, India. Thus, in January 2023, the “EU Knowledge Center” was opened on the basis of this educational institution to train and educate Afghan citizens (this is a coworking space that provides a platform for joint work, self-learning, and establishing professional connections). Overall, the establishment of an educational center for Afghanistan in Termez will expand access to quality education for Afghan citizens, as well as provide an educational environment and technologies for vocational training.

Therefore, Central and South Asia, dynamically developing regions with stable economic growth and new development opportunities, have significant potential due to their rich resources, economic complementarity, demographic potential, common tasks, and geographical proximity. At the same time, Uzbekistan’s efforts are aimed at integrating the two regions within a single space of cooperation, security, and sustainable development.

In these processes, the “Termez platform” not only serves as a constructive mechanism for ensuring security and stability in Central and South Asia, but also has the potential to become an additional tool for developing trade, economic and transport links between the regions. At the same time, a promising area of cooperation for both regions is considered to be, first of all, security issues, including the fight against terrorism, extremism, drug trafficking, as well as the development of interaction in the fields of transport, tourism, and education.

Gulamov Asliddin Gapparovich,

Researcher at the Higher School of Strategic Analysis and Prognosis of the Republic of Uzbekistan

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 Resolution signed by the President of Uzbekistan “On measures to introduce a system of continuous improvement of knowledge of the population and civil servants in the fight against corruption” caused an interested discussion in the international expert community.

Alexander Klishin, adviser at the UN Office of Rule of Law and Security Institutions:

– This initiative marks a significant step in the fight against corruption not only for Uzbekistan, but also on the international arena. The Virtual Anti-Corruption Academy is a leading initiative of the President of Uzbekistan Shavkat Mirziyoyev, aimed at introducing a system of continuous improvement of knowledge among the population and civil servants in the fight against corruption.

The initiative is perfectly aligned with global efforts to promote integrity, transparency and accountability across all sectors of the economy. Uzbekistan has once again reaffirmed its commitment to building a society free of corruption, where integrity, transparency and accountability are the cornerstones of public administration. The Anti-Corruption Virtual Academy fully embodies these values and serves as a commendable example for other countries.

Anas Fayyad Qarman, UNDP Resident Representative a.i. in Uzbekistan:

– We are pleased to know the adoption of the Resolution of the President of Uzbekistan regarding the Virtual Anti-Corruption Academy. We view this measure as an important step towards further strengthening the anti-corruption ecosystem.

We have been cooperating with the Anti-Corruption Agency in various areas a long while, including the development of a compliance control system in government agencies and organizations. We are also jointly developing various digital solutions to combat corruption in the public sector. In my opinion, a distinctive feature of a new Academy is its availability to both civil servants and ordinary citizens.

Antti Karttunen, Head of OSCE Project Coordinator in Uzbekistan:

– The initiative of the President of Uzbekistan to create a Virtual Anti-Corruption Academy is a time requirement and will help find answers to many questions related to this area.

Like the Law ‘On Conflict of Interest’ recently signed by the President, it is another important step in the fight against corruption in Uzbekistan.

We look forward to continuing to support the improvement of legislation in the field of combating corruption, as well as to improve the qualification of employees of government bodies and organizations through the Virtual Academy and support all other efforts of Uzbekistan in this area.

Tuija Brax, Director of the Rule of Law Center, former Minister of Justice (Finland):

– It is my great honor to express a few words about the new Virtual Anti-Corruption Academy in Uzbekistan. We have been cooperating with the Anti-Corruption Agency of Uzbekistan for several years now, and I was greatly impressed by the initiatives of President Shavkat Mirziyoyev to combat corruption in the country, measures to improve legislation in this area and efforts to raise public awareness. The new Virtual Academy is a unique opportunity to raise awareness, develop special courses for different target groups, and also attract young people to study this field, since ultimately it is about the future of Uzbekistan.

Quentin Reed, Professor of Oxford University, INGO Regional Dialogue’s Anti-Corruption Specialist (United Kingdom):

– I am happy to hear about the President signing the Resolution, which provides for the establishment of the Virtual Anti-Corruption Academy. International NGO Regional Dialogue and the Anti-Corruption Agency have been cooperating for several years in developing preventive anti-corruption measures in Uzbekistan. We express our readiness to provide full-fledged support in the development of educational modules and programs within the Virtual Academy, as awareness-raising, education and training are key tools in the prevention of corruption. Appropriate anti-corruption system cannot be established without them. This is particularly important for public servants, especially those in vulnerable situations, but I would also pay particular attention to citizens.

Nuripa Mukanova, Secretary General, the Anti-Corruption Business Council under the President of Kyrgyzstan:

– My congratulations to the people of Uzbekistan and the Anti-Corruption Agency on the establishment of the Virtual Anti-Corruption Academy. The opening of this Academy is important for both Uzbekistan and the countries of Central Asia. This is a very important anti-corruption measure and platform for increasing the capacity of all those directly involved in anti-corruption issues, as well as those who want to increase their capacity, knowledge and skills in the field of combating and preventing corruption. This platform will also allow young people who study and then enter public service to improve their anti-corruption skills.

Dunyo IA

We are the luckiest children of our people. We are fortunate to see the days dreamed of by our Jadid ancestors and to build the future they desired. During the events of the seventh Consultative Meeting of the Heads of State of Central Asia, I was once again convinced of this.

         In recent years, Central Asia has acquired a new image on the world political map. Today, it is recognized that the countries of the region are not competitors, but reliable partners moving together on the path of development and cooperation. Consequently, other regions and powerful states are seeking to engage with us, envisioning a future in harmony with the spirit of Central Asia. This is not without reason. Because in the international arena, various conflicts and the pursuit of solely material interests have intensified. In such a situation, thanks to the political will and wise decisions of our President, a completely new policy, inherent to our people—one of openness and magnanimity—has gained priority in our region. All Central Asians rejoice in this. Why? Because our peoples have lived as neighbors, in-laws, sharing joys and sorrows as one nation.

         In awakening the spirit of Central Asia, our President first took the path of bringing our peoples closer together. We wisely used the power of literature and art to elevate relations to a new stage. In particular, various events and festivals were organized among cultural representatives of our countries. As part of state visits, performances by art and culture representatives and grand concerts have become commonplace.

         Our President has turned the gifting of books to his colleagues into a tradition. At the time, we understood this only within the framework of cultural ties. Time itself shows that the path chosen by our President is the way to reach the hearts of the people!

         After all, the peoples of Central Asia consider Khazrat Navoi their ancestor. Likewise, we also love Jami, Fuzuli, Makhtumkuli, and Abai just as we do Bobur or Alisher Navoi. We value the epic of Manas as if it were our own, and we read the works of Aitmatov more than anyone else. This alone indicates that our peoples have lived for centuries as close as flesh and nail. The leader of our state elevated such important aspects to the level of state policy. This opened a path to the hearts of our peoples. As a result, the seventh Consultative Meeting of the Heads of State of Central Asia was rich in historic events. Importantly, following its conclusion, very important decisions for the future of the region were adopted.

         In particular, a concept for regional security and stability in Central Asia was adopted. In today's global world, security is of paramount importance. In such a situation, one cannot develop in isolation. Where there is peace, there is also stability. That is why the new Central Asia is seen on the international stage as a peaceful and stable zone. Our region has not only natural resources and economic potential but also a sufficient level of human capital. At a time when mutual conflicts and economic blockades are intensifying in various parts of the world, it is also true that Central Asia's ability to maintain stability is seen as a lifeboat for others.

         Maintaining this stability and achieving economic growth by utilizing its opportunities is not easy. Anyone who closely observes the working regime of our President understands this correctly. Because the leader of our state works day and night to strengthen international ties. From the world podium, he is advancing not only national but also universal human interests. He calls for resolving any conflict and dispute through peaceful, diplomatic means.

         It is these calls, aspirations, and initiatives that have awakened the spirit of Central Asia today. The entire region has unanimously decided to safeguard security and stability together. As our President put it, we have deeply understood that our strength is in unity, and our path to success is in friendship and cooperation.

         In recent years, relations in the "Central Asia Plus" format have expanded. Our region is demonstrating a unified position on the international stage. At the same time, it is actively integrating into the world economy. Investment attractiveness is growing, export opportunities to third markets are expanding, and transit potential is increasing. For example, last year, the mutual trade volume between our countries reached 10.7 billion US dollars. The total volume of investments attracted to our region increased by 17 percent.

         Further enhancing economic relations and correctly assessing the rapidly changing, unpredictable geopolitical processes is an urgent task. In this sense, it is gratifying that at the Consultative Meeting, a catalog of threats to Central Asian security and measures to prevent them for 2026-2028 were outlined.

         The Consultative Meeting of the Heads of State of Central Asia was established on the initiative of our President. The leader of our state chaired its seventh meeting. During this period, our cooperation has been highly effective. To further enhance the potential of cooperation, over 20 major events were held. A forum for inter-regional cooperation at the level of deputy prime ministers was launched. Likewise, meetings of ministers were held for the first time. In particular, ministers of geology, industry, agriculture, ecology, and culture held meetings.

         Due to such aspects, we are right to say that a new era of the Consultative Meeting has begun. Just one example: now, member states will engage in separate, individual cooperation in each sector within the Consultative Meeting. We were convinced of this once again at the ministerial meetings.

         Within the framework of the international congress on "Central Asia: Common Spiritual and Educational Heritage – Common Future" at the Islamic Civilization Center, we held our first meeting with the culture ministers of Central Asia and Azerbaijan. Various issues of multilateral cooperation were discussed. We discussed issues of cooperation in various fields of culture and art. We exchanged views on the current state of regional cultural cooperation and future plans.

         Our peoples have one thing in common. That is, people listen more to elders, to individuals respected by the community. They follow them. Precisely this aspect is considered our unique strength, unlike other regions. Therefore, for the future, vital issues were raised about expanding cultural exchange among cultural figures. As a result, we reached agreements on expanding regional cultural cooperation.

         Mutual respect and magnanimity among peoples do not appear by themselves. It must be admitted that the human psyche has a strong tendency towards negative information. In today's global world, we see enough examples of this. Our President, deeply understanding this very aspect and analyzing it thoroughly, created the opportunity for cultural workers to strengthen such ties. I believe that cultural workers, and intellectuals in general, are responsible for further developing peace and mutual understanding in the region. It is precisely we who must prepare and present to our peoples the positive content that will lead to this. In this sense, we united around a common idea to hold joint events and festivals in the fields of art, literature, cinema, theater, and music. Such events remind us of ourselves once again. They sing the universal ideas, friendship, and magnanimity promoted by Navoi, Jami, Fuzuli and Makhtumkuli, Abai and Aitmatov, which are the cause for awakening the spirit of Central Asia today.

         The gratifying aspect is that we will also expand joint projects for the study, restoration, and digitization of cultural heritage. Furthermore, we will develop exchange programs among young creators. We reached an agreement on organizing seminars, conferences, and summer schools. We also exchanged views on strengthening cooperation in training and advanced training in the field of culture and art. Importantly, positive opinions were expressed on developing a "Central Asian Cultural Brand."

         Observing this process, the meetings and agreements at the level of state leaders, I felt that today Central Asia has truly become a single region, a unified force. Our peoples have gone through many trials to reach this day. We can see this in the example of our Jadid ancestors. Thankfully, the river that flows, flows on. Our ancestors always called the people of the world to enlightenment, friendship, and kindness. Today, we, as a single region, continue this eternal tradition. It is gratifying that the leader of our state is wisely using these values of ours not only for our country but also for the benefit of the whole world. This was clearly evident in the initiatives put forward by our President at the Consultative Meeting of the Heads of State of Central Asia.

         In particular, an initiative was put forward to establish an Council of Elders, comprising respected public figures with life experience and authority, based on the values and traditions of people's diplomacy. At the same time, it was emphasized that further improving cooperation mechanisms and the contractual-legal basis is of fundamental importance. Especially, the initiative to transform the Consultative Meeting into the strategic format of a "Central Asian Community" became the words in all our hearts.

         Because now Central Asia is not just a region, but is strengthening its place on the world political map as a single voice, a united force. That is why our President emphasized in his speech at the seventh Consultative Meeting of the Heads of State of Central Asia: "I am fully confident that today we are on the threshold of a period of historical awakening of our region as the New Central Asia."

         Precisely for this reason, developed countries are eager to cooperate with us. This is a great opportunity for the countries of the region. Using it wisely depends on our ability to protect our unity, friendship, and interests in a coordinated manner. In New Uzbekistan, it is recognized as a people-oriented policy precisely because such important aspects are always the focus of attention. The scale of countries wishing to cooperate with us confirms how sincere these recognitions are. There are two important reasons for the strong aspiration of developed countries towards New Uzbekistan. First, New Uzbekistan has become known as a state promoting the ideas of peace and humanity.

         Here, a vital truth must be stated. No matter how a person may appear in a hostile guise, they still strive to live for peace and friendship. Countries are the same. They may engage in various conflicts for their own interests. But deep down, they desire peace and prosperity. The foreign policy position of New Uzbekistan offers guarantees of this peace and friendship.

         The second important point is that thanks to the people-centered foreign policy, Central Asia has achieved unity. Now it is not seen as a field for labor or natural resources. Rather, it is seen as a new force with broad economic power in the international arena. During the Consultative Meeting, the leaders of the countries were at the Islamic Civilization Center. Our President emphasized that this center is a unique platform for creating scientific knowledge and ideas, conducting research, and popularizing our common cultural-historical heritage. Therefore, it is natural for the center to become a haven for the scientific and spiritual elevation of youth.

         We certainly have grounds for saying this with full confidence. At the Consultative Meeting, our President proposed to regularly organize the first International Congress dedicated to spiritual heritage and enlightenment ideas. According to it, the congress will be held annually in the country chairing the Consultative Meeting.

         All this shows that the countries of Central Asia are uniting not only because of economic or security issues, but because they are familiar with enlightenment. We know well that relationships built solely on material interests are fragile. In our region, however, live peoples with a single history, a common past. This is the reason for a unity that surpasses any material interests. That is why, at the meetings of state leaders, issues of culture and enlightenment always find a place on the agenda. This evokes boundless pride and honor in our hearts. At the same time, it also imposes the responsibility of being a generation worthy of such honorable days. For, at a time when the educational policy of New Uzbekistan is opening new horizons in Central Asia, being worthy of it is the duty and debt of every child of this land

From 3 to 6 May 2026, Samarkand will host the 59th Annual Meeting of the Asian Development Bank (ADB). The event is expected to bring together heads of banking and financial institutions from 69 member countries, as well as representatives of international organizations. Discussions will focus on the key development challenges facing the countries of Asia and possible ways to address them.

The holding of such a high-level forum in Uzbekistan reflects the growing recognition of the country’s ongoing economic reforms and the strengthening of its position within the global financial system. A significant factor has also been the notable expansion of cooperation between Uzbekistan and the ADB in recent years, as evidenced by a number of objective international assessments of the country’s socio-economic development.

First, there has been a steady rise in Uzbekistan’s international standing and stronger performance in global rankings. In particular, in the Government Technology Maturity Index published by the World Bank, the country advanced by 71 positions, entering the world’s top ten.

Second, despite continuing disruptions in global production and transport-logistics chains, rising commodity prices, and tighter financial conditions, Uzbekistan continues to demonstrate устойчивый economic growth. In 2025, for the first time in the country’s history, gross domestic product exceeded USD 145 billion, while gold and foreign exchange reserves surpassed USD 60 billion.

At the same time, the volume of attracted foreign investment increased significantly, reaching USD 43.1 billion, while the share of investment in GDP exceeded 31 percent. Moreover, despite growing protectionism and sanctions pressure in the global trading system, the republic increased exports by 23 percent, bringing them to USD 33.4 billion.

Third, cooperation between Uzbekistan and the ADB is comprehensive and long-term in nature. The total portfolio of joint initiatives amounts to 174 projects worth USD 27.5 billion, of which 66 projects worth USD 10.5 billion have already been completed, while another 30 projects valued at USD 4.6 billion are currently under implementation. These figures confirm the ADB’s status as one of Uzbekistan’s leading development partners.

Building on accumulated experience, the ADB launched a new five-year partnership strategy with Uzbekistan in August 2024 for the period 2024–2028. Its key priorities include supporting the republic’s transition toward a green and inclusive economy, enhancing private sector competitiveness, and stimulating investment in human capital.

In addition, Uzbekistan and the ADB approved a Memorandum of Understanding for 2026–2028, which envisages the implementation of 28 projects with a total value of USD 4.2 billion.

The fact that the meeting is being held in Uzbekistan positions the country as a regional hub for dialogue on development and investment, demonstrates the progress of reforms, and contributes to attracting global partners to accelerate the country’s sustainable development. According to experts, the meeting will serve as an important platform for strengthening cooperation and concluding priority agreements between the Government of Uzbekistan and the ADB.

Furthermore, in order to consolidate long-term priorities, President of Uzbekistan Shavkat Mirziyoyev put forward an initiative to mark the Samarkand summit with the signing of an important document — the Expanded Strategic Partnership Programme with the ADB for 2027–2030. It will serve as a medium-term roadmap, with primary emphasis placed on human capital and social resilience.

Thus, cooperation between Uzbekistan and the ADB has evolved from financial assistance into a strategic partnership. Today, the Bank finances key projects, shapes the reform agenda, and supports the long-term transformation of the national economy, effectively acting as an institutional partner.

Such cooperation opens a number of significant advantages for Uzbekistan:

Economic – access to concessional loans and grants, reduced budgetary burden in implementing large-scale programmes, improvement of the investment climate and inflow of long-term foreign investment, infrastructure development, and employment growth;

Structural – acceleration of market reforms, liberalization and diversification of the economy, and private sector development;

Strategic – integration into the global economy, transition to a green growth model, and participation in regional value chains and transport-logistics corridors.

As can be seen, the modern ADB agenda largely coincides with Uzbekistan’s current reform trajectory. According to experts, the republic has synchronized its national strategy with the Bank’s priorities and, as a result, can attract even greater volumes of financing to accelerate structural reforms and strengthen economic resilience.

Overall, the key features of the modern model of cooperation between Uzbekistan and the ADB are: comprehensiveness (covering all major sectors), strategic orientation (alignment with the long-term goals of “Uzbekistan–2030”), institutional depth (reforms, regulation, standards), and sustainability (environmental protection and inclusiveness).

Thus, today the ADB is not merely a creditor, but a key strategic partner participating in structural reforms, economic modernization, and Uzbekistan’s integration into global economic processes.

Dmitriy Trostyanskiy

Chief Research Fellow,

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan,

Doctor of Economic Sciences

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

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

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

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

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

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

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

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

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

IA “Dunyo”

On November 3, President of Uzbekistan Shavkat Mirziyoyev, at the invitation of Emir Sheikh Tamim bin Hamad Al Thani, arrived in Qatar on a working visit to participate in the Second World Summit for Social Development.

Over the years of independence, Uzbekistan and Qatar have progressed from establishing diplomatic relations to forming a comprehensive strategic partnership based on trust, mutual respect, and common interests in the political, economic, and humanitarian spheres.

Qatar recognized Uzbekistan's independence on December 30, 1991, and diplomatic relations between the two countries were established on November 27, 1997. In recent years, the intensity of contacts at the highest levels has significantly increased. A milestone event was the signing of the Strategic Partnership Agreement in Tashkent in April 2024, which solidified a new level of cooperation between the two countries. This document outlines priorities for expanding cooperation in investment, energy, transport, education, and culture.

In June and December 2023, Emir Sheikh Tamim bin Hamad Al Thani visited Uzbekistan, and in October of the same year, President Shavkat Mirziyoyev made a reciprocal state visit to Doha. These meetings marked a new stage in the development of bilateral interactions, giving the relationship between Tashkent and Doha a strategic direction.

Dialogue at the highest level continued within the framework of major international forums, such as the Summit of the Conference on Interaction and Confidence-Building Measures in Asia, the "Central Asia – Cooperation Council for the Arab States of the Gulf" summit, and other global events.

Evidence of the intensification of cooperation was the opening of the Embassy of Qatar in Tashkent in May 2023 and the Embassy of Uzbekistan in Doha in December of the same year. These steps marked a transition to a qualitatively new level of political and diplomatic presence.

An important milestone in the political dialogue was the visit of the Prime Minister and Minister of Foreign Affairs of Qatar, Sheikh Mohammed bin Abdulrahman Al Thani, to Uzbekistan in April 2024. During the visit, the Qatari official was received by President Shavkat Mirziyoyev, where a wide range of issues were discussed, from strengthening political dialogue and expanding investment cooperation to partnership in the energy, transport, education, and culture sectors.

While in Tashkent, Sheikh Mohammed bin Abdulrahman Al Thani also held talks with Uzbekistan’s Minister of Foreign Affairs Bakhtiyor Saidov. During the meeting, the parties confirmed their mutual interest in further deepening cooperation between their foreign ministries, including through regular political consultations.

In turn, in March and October 2024, Uzbekistan's Minister of Foreign Affairs Bakhtiyor Saidov visited Qatar on working trips, where he met with Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani, as well as with leaders of Qatar's Investment Authority and major companies. The meetings focused on expanding economic ties, involving Qatari capital in joint projects, and exploring prospects for cooperation in the transport and logistics sectors.

Particular attention is being paid to the development of trade and economic relations. In 2024, the volume of mutual trade amounted to 7.7 million USD, with exports at 2.2 million and imports at 5.5 million. From January to August 2025, trade turnover grew by 28%, exceeding 7 million USD. Leading positions in exports are held by food products, copper pipes, and services, while imports primarily consist of chemicals and lubricants.

A significant step forward was the first meeting of the Intergovernmental Commission on Trade-Economic and Scientific-Technical Cooperation, which took place in Doha on November 11-12, 2024. Additionally, in June 2024, Qatar Airways launched its first flight on the Doha-Tashkent-Doha route, opening new opportunities for business and tourism exchanges.

Humanitarian and cultural cooperation has also been actively developing. During the pandemic, Qatari charitable foundations provided Uzbekistan with approximately 400,000 USD in humanitarian aid. In recent years, Uzbekistan and Qatar have regularly hosted cultural weeks, craft exhibitions, and concerts. In 2024, the "Culture, Crafts, and Tourism Week of Uzbekistan" was held in Doha, and the "Culture Week of Qatar" took place in Tashkent, attended by Qatar's Minister of Culture Sheikh Abdulrahman Al Thani.

Education cooperation is of particular importance. In September 2024, the agreement was signed in Qatar for the training of Afghan women at the Termez Educational Center, with financial support from Qatar.

Thus, the political dialogue, economic partnership, and humanitarian ties between Tashkent and Doha demonstrate a sustainable dynamic. The consistent implementation of the agreements reached suggests that bilateral relations have transitioned to a new level—one of strategic cooperation, focused on the long-term future and regional stability.

In this context, the upcoming visit of President Shavkat Mirziyoyev to Qatar and his participation in the Second World Summit for Social Development will undoubtedly continue Uzbekistan's consistent foreign policy, aimed at fostering mutual understanding and trust with countries in the Middle East. It will also open new opportunities for comprehensive, mutually beneficial cooperation between Tashkent and Doha for the sustainable development and prosperity of both nations.

«Dunyo» IA

President of the Republic of Uzbekistan Shavkat Mirziyoyev met with World Bank Vice President for Europe and Central Asia Antonella Bassani on September 30.

The sides considered topical issues of further expansion of strategic cooperation with the World Bank Group and support of this leading international financial institution to the ongoing reform program in New Uzbekistan.

At the beginning of the meeting, Vice President Antonella Bassani conveyed to the head of our state sincere greetings and best wishes of World Bank President Ajay Bangui.

During the conversation, the current high level and fruitful nature of bilateral cooperation were noted with deep satisfaction.

In recent years, our country has become one of the largest partners of the Bank - the portfolio of projects has increased several times and now exceeds 12 billion dollars.

The World Bank supports the implementation of important reforms aimed at ensuring the sustainability of economic and social sectors. Since July this year, the Bank's regional office has been operating in Tashkent.

Such areas as poverty reduction, transformation of state-owned enterprises and banks, decarbonization, support for WTO accession and others have been identified as priorities for further expansion of the partnership.

Special attention was paid to the programs of urbanization and integrated development of regions, modernization of energy and irrigation infrastructure, support to the private sector.

There was also an exchange of views on the promotion of regional projects.

The contemporary system of international relations is being shaped by rapid geopolitical changes, growing fragmentation, disruptions in transport and supply chains, climate change, and increasing risks to food and energy security. Under these conditions, trust, dialogue and practical cooperation among states are becoming more important than ever. For Central and South Asia — two historically interconnected regions with significant yet not fully realized potential — connectivity has acquired not only economic, but also strategic, political and civilizational significance.

The initiative to strengthen connectivity between Central and South Asia, advanced by President of the Republic of Uzbekistan Shavkat Mirziyoyev, represents a timely response to this historical and geopolitical demand. Its core idea is that security cannot be ensured solely through military or political instruments. It must also be built through economic development, transport corridors, trade links, education, culture and human capital. In this sense, development is not merely a consequence of security; rather, it is one of its fundamental preconditions.

This approach gained institutional form in July 2021, when Tashkent hosted the high-level international conference “Central and South Asia: Regional Connectivity. Challenges and Opportunities” at the initiative of President Shavkat Mirziyoyev. The forum created an important political and expert platform for advancing interregional cooperation. Its international recognition was further demonstrated in 2022, when the United Nations General Assembly adopted the resolution “Strengthening Connectivity between Central and South Asia.” Initiated by the President of Uzbekistan and supported by more than 40 states, the resolution confirmed that Uzbekistan’s vision has significance not only at the national or regional level, but also for the wider international community.

The Termez Dialogue is a practical continuation of this diplomatic and intellectual process. Launched in May 2025, it has emerged as a permanent platform aimed at creating a stable, systematic and practice-oriented environment for cooperation between Central and South Asia. Its first meeting attracted considerable attention from the international expert community due to its broad participation, multilateral format and applied focus. The growing interest in this initiative was also reflected in the organization of a separate session on the Termez Dialogue during the Doha Forum in December 2025.

The second meeting of the Termez Dialogue, scheduled for 4–6 June 2026 in Tashkent, Termez and Samarkand, is expected to mark a new stage in the development of this platform. The main emphasis will shift from general conceptual discussions to the identification of specific priorities and practical mechanisms. In other words, the Dialogue is intended not only to exchange views, but also to generate concrete outcomes in political dialogue, economic connectivity, transport and logistics, climate adaptation, and cultural-humanitarian cooperation.

One of the key features of the Termez Dialogue is that it reflects Uzbekistan’s proactive, pragmatic and open foreign policy. Uzbekistan does not position itself as a state forced to choose between competing blocs, but rather as a reliable platform for dialogue among different regions, markets and civilizations. In this regard, the Termez Dialogue forms part of a broader system of initiatives, including the Fergana Peace Forum, the Samarkand Climate Forum, the Samarkand Solidarity Initiative, and proposals within the Shanghai Cooperation Organization on good-neighbourliness, trust and cross-border partnership.

Transport and logistics remain among the most important dimensions of connectivity between Central and South Asia. The countries of Central Asia are landlocked and therefore face structural limitations in accessing global markets. Diversifying transport routes, reducing logistics costs and facilitating access to external markets are essential for the region’s long-term economic development. According to available estimates, the level of transport connectivity of Central Asian states with external markets is around 60 per cent, while in the European Union and ASEAN countries it exceeds 95 per cent. In some cases, transport costs in Central Asia may reach up to 50 per cent of the final value of goods, which is several times higher than the global average.

In this context, the Trans-Afghan Corridor has strategic importance. It can provide Central Asian states with the shortest access to the ports of the Indian Ocean and link South Asia with the markets of Central Asia, Russia, China and Europe. This project is not limited to railway construction or transport infrastructure. It is also an instrument of regional economic integration, Afghanistan’s involvement in peaceful development processes, and the formation of a new trade architecture in Eurasia. Through this approach, Uzbekistan seeks to transform its geographical constraints into logistical advantages.

Afghanistan occupies a special place in this process. It is a natural land bridge connecting Central and South Asia. Uzbekistan’s policy toward Afghanistan is consistent and practical. Since 2021, Uzbekistan has sent 15 humanitarian convoys to Afghanistan, delivering more than 13,000 tons of humanitarian assistance. At the same time, bilateral trade and economic relations have been developing dynamically. In 2025, trade turnover between Uzbekistan and Afghanistan reached 1.7 billion US dollars, which is 55 per cent higher than the previous year. These figures demonstrate that Uzbekistan views Afghanistan not as a source of problems, but as an important participant in regional development and stability.

The choice of Termez as one of the central locations of this initiative is also highly symbolic. Historically, Termez has been a meeting point of trade, culture, science and religious traditions between Central and South Asia. The city played an important role in the history of Bactria, the Kushan Empire, the Great Silk Road and wider civilizational exchange. Today, Termez is becoming Uzbekistan’s southern gateway and a modern centre of practical cooperation with Afghanistan and South Asia.

There are concrete examples of this transformation. The Termez International Trade Centre, opened on 29 August 2024, covers 36 hectares and is located only 500 metres from the border with Afghanistan. A 15-day visa-free regime has been introduced within the centre. Its infrastructure includes more than 3,000 shops, customs facilities, banking services, public service centres and export-oriented platforms. The annual export potential of products represented in the trade zone is estimated at 1.2 billion US dollars. More than 1,000 local residents and about 140 Afghan citizens are employed there. This shows that connectivity is not an abstract political slogan, but a practical reality linked to jobs, exports, services and human livelihoods.

Another important example is the Termez Cargo Centre, an international transport and logistics hub operating since 2016. Located near the intersection of Afghanistan, Tajikistan and Turkmenistan, the centre has been used since 2021 by the United Nations World Food Programme and the Office of the United Nations High Commissioner for Refugees for delivering humanitarian cargo to Afghanistan. Thus, Termez is becoming not only a trade and logistics hub, but also an important point of humanitarian diplomacy.

The Educational Centre for Afghan Citizens, established in Termez in 2018, also reflects Uzbekistan’s long-term investment in human capital. The centre provides education for Afghan youth in 17 higher education fields and 16 vocational and secondary-specialized areas. Since its establishment, more than 800 Afghan citizens have studied there, including 200 girls and women. These figures demonstrate the importance of education and professional training in stabilizing Afghanistan. Peace is strengthened not only through political agreements, but also through an educated, skilled and socially active generation.

Another important dimension of the Termez Dialogue is climate and environmental sustainability. Central and South Asia are among the regions most affected by the consequences of climate change. Water scarcity, desertification, soil degradation, air pollution, glacier melting and natural disasters are not only national challenges, but also transboundary problems. Therefore, climate adaptation, rational use of water resources, early warning systems and the exchange of digital hydrological data should become integral components of cooperation between the two regions.

Uzbekistan is taking an active role in this field as well. The Samarkand Climate Forum, regional climate summits, the Green Agenda, the regional strategy for climate adaptation and environmental protection programmes are important steps in this direction. These initiatives show that Central Asia is no longer merely a region affected by environmental problems; it is increasingly becoming an active regional actor proposing practical solutions.

Cultural and humanitarian cooperation forms one of the deepest foundations of interregional connectivity. The peoples of Central and South Asia have been linked for centuries through shared history, trade routes, science, culture and spirituality. Today, the demographic potential of the two regions also creates major opportunities: more than 60 per cent of the population is under the age of 30. This opens broad prospects for cooperation in education, science, academic exchange, innovation and human capital development.

From this perspective, the Termez Dialogue is not only a meeting of diplomats and experts. It should also serve as a platform that opens new opportunities for young people, scholars, entrepreneurs, educational institutions, cultural actors and civil society representatives. Economic projects require trust, and trust requires closer ties, mutual understanding and cultural dialogue among peoples.

The planned visit to Samarkand also carries deep symbolic meaning. For centuries, Samarkand served as a centre of science, trade and diplomacy connecting East and West, Central and South Asia, the Middle East and Europe. The “Spirit of Samarkand” reflects openness, tolerance, dialogue and a commitment to shared development. In the diplomacy of President Shavkat Mirziyoyev, Samarkand has become a platform that connects Uzbekistan’s historical legacy with modern international initiatives.

In conclusion, the Termez Dialogue is not an ordinary international event aimed only at bringing Central and South Asia closer together. It is a strategic platform that reflects Uzbekistan’s new foreign policy thinking, regional responsibility and global initiative. Its foundation rests on three interconnected principles: trust through dialogue, cooperation through dialogue, and shared development through cooperation.

The international community is increasingly recognizing Uzbekistan’s efforts in this direction. The adoption of the UN General Assembly resolution, the support of more than 40 states, and the growing interest of international organizations, experts and regional partners in the Termez Dialogue clearly demonstrate this trend. Through this platform, Uzbekistan is building a new bridge of trust between Central and South Asia — a bridge strengthened by trade routes, railways, educational programmes, cultural ties and humanitarian initiatives.

Therefore, the Termez Dialogue should be viewed as an emerging architecture of interregional cooperation. It contributes to the formation of Central and South Asia not merely as neighbouring geographic spaces, but as a macro-region united by common interests, shared security and a common future. In this process, Uzbekistan acts as an initiator, organizer and reliable bridge between the two regions.

Sadullaev Qudrat Yusubbaevich
Chief Research Fellow of the Academy of Public Policy and Administration under the President of the Republic of Uzbekistan, Doctor of Law (DSc)

Social policy in our country contains a wide range of issues on poverty alleviation, job creation, and support for socially vulnerable groups of the population. Investments in human capital are both a contribution to the social and economic sectors of the country's development. Moreover, according to a study by the Institute of Macroeconomic and Regional Studies under the Cabinet of Ministers of Uzbekistan, improving the quality of human capital leads to an increase in the inflow of foreign direct investment by 0.51 percent.
Article 1 of the Constitution of the Republic of Uzbekistan in the new wording, adopted following the results of the national referendum, once again confirmed the commitment and orientation of the state to care for its citizens from the first days of their birth, regardless of their social status. It should be noted that the state did not come to this principle immediately, as the domestic social policy was formed step by step, i.e. in the process of long negotiations, permanent compromises and economic opportunities.
The enshrinement in the Constitution of the statement that Uzbekistan is a sovereign, democratic, law-based, social and secular State increases its social obligations.
It should be noted that a social state in the general sense guarantees quality education, qualified medical care, comprehensive support for families, children, women, the elderly and persons with disabilities, provides housing and employment for those in need, creates safe working conditions and reduces poverty.
All of the above-mentioned state guarantees began to be reflected in the last decade of our country, which entered the world history as New Uzbekistan.
First, the Strategy of Action on Five Priority Areas of Development of the Republic of Uzbekistan in 2017-2021 and the Strategy for the Development of New Uzbekistan for 2022-2026 identify as priority tasks: building a humane state by elevating human honor and dignity and further developing a free civil society; turning the principles of justice and the rule of law into a fundamental and necessary condition for the country's development; accelerating the development of the national economy and ensuring high growth rates; carrying out the development of the country's economy; and ensuring the development of the national economy.

Secondly, the Ministry of Employment and Poverty Reduction has been established, the Ishga Markhamat monocenters have been launched, the “iron” “women's” and “youth” notebook systems have been set up, one hundred percent pensions are paid to working pensioners, the Social Protection Strategy of the Republic of Uzbekistan has been approved, and the problem of poverty in the country has been recognized. Moreover, the post of assistant khokims has been introduced, who are responsible for poverty reduction, developing entrepreneurship, organizing jobs and increasing the incomes of citizens. Most importantly, a new system of caring for the population has been created.
President Shavkat Mirziyoyev chaired a video conference call on May 15, 2023 to discuss measures to reduce poverty and provide employment. Following the recognition of the existence of poverty in the country, a system to reduce it was introduced. At the beginning of last year, all districts in Uzbekistan were divided into five categories and given differentiated benefits based on the pace of socio-economic development. As a result, one million people have been lifted out of poverty.
Thirdly, education and medicine are the most important and comprehensive social spheres. In order to accelerate reforms and improve efficiency in these sectors, relevant project offices have been established.
Undoubtedly, investment in human capital is the best contribution to the future. In this regard, unprecedented reforms have been carried out in the area of continuous improvement of the system of continuous quality education and training of qualified personnel. As a result, preschool education coverage has increased from 27 to 74 percent, 11-year compulsory schooling has been resumed, the workload of school teachers has been optimized, and forced labor has been abolished.
Changes in the higher education system in recent years have also shown significant positive results. As a result, enrollment in higher education has increased from nine to 42 per cent, and the number of higher education institutions has grown from 77 to 212.

Our country pays great attention to the medical sphere, which directly affects the quality of life. Over the past seven years, the financing of the health care system has increased from 5.9 trillion to 33.5 trillion soums, i.e. six times. Hospitals are being equipped with modern equipment and new facilities are being built. In order to bring medicine closer to the people, on-site screening examinations are being conducted.
It should be noted that Uzbekistan is working on targeted support for socially vulnerable segments of the population. This is evidenced by the addition of a new wording to article 57 of the Constitution on State measures aimed at improving the quality of life of socially vulnerable categories, creating conditions for their equal participation in public and State life with other citizens, and expanding their opportunities to independently provide for their basic living needs.
One of the main innovations is article 42 of the Basic Law, which states that the minimum wage shall be determined taking into account the need to ensure a decent standard of living. From December 1, 2023, the minimum wage is equal to 1.05 million soums, while the cost of consumer expenditures is set at 568 thousand soums per person per month.
In addition, according to the Presidential Decision “On measures to further improve the system of social services and assistance to the population” of September 28, 2023, a new system of social assistance by the employees of the social service centers “Inson” of the National Agency for Social Protection has been introduced in 28 districts (cities) on a pilot basis since October 15 last year. The employees are responsible for keeping records and register of lonely, elderly and disabled persons in need of care, which helps to develop a plan of individualized social services by taking into account the degree of need for care. At the same time, assistance to the lonely elderly included in the Unified Register of Social Protection is provided on the basis of a contract.

URGENCH, September 28. /IA “Dunyo”/. A delegation of Latvian businessmen visited Khorezm with the support of the Embassy of Uzbekistan in Riga, Dunyot news agency's correspondent reports.

During the visit, a business forum and meetings were held with participation of representatives of business circles of the two countries.

The parties exchanged views on economic and investment potential of Khorezm region, opportunities for realization of joint projects in agriculture, personnel training, services, logistics and energy.

The Latvian side also familiarized with the activities of “Opportunity Generosity” LLC, a pharmaceutical manufacturer located in Urgench, and other companies.

As a result of the visit, representatives of Latvian companies expressed interest in the implementation of specific projects in the field of education, in connection with which the relevant documents were signed.

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

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

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

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

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

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

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

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

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

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

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

Sultonmurod Ozodov, CERR