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Central Asia on the Threshold of a New Environmental Phase
📅 15.04.2026
The Regional Environmental Summit, to be held on 22–24 April 2026 in Astana, Kazakhstan, is of significant importance for Central Asia. Above all, it serves as clear evidence that the countries of the region are jointly seeking solutions to complex challenges such as climate change, water scarcity and land degradation. This reflects a transition to a new phase of environmental policy—one grounded in strong and sustained cooperation.
Shared Challenges Require Collective Solutions
Environmental challenges in Central Asia do not recognize national borders. The tragedy of the Aral Sea, inefficient use of transboundary water resources, desertification, and air pollution affect not just individual countries, but the future of the entire region.
In recent decades, unsustainable water management—particularly in the Amu Darya and Syr Darya basins—has increased pressure on both ecosystems and economic resilience. In this context, the regional summit represents a practical step forward—from acknowledging shared challenges to addressing them collectively.
The summit agenda outlines eight priority areas, reflecting a comprehensive approach to environmental policy. These include climate change mitigation; ensuring food security and ecosystem resilience; adaptation to natural risks and strengthening economic resilience; reducing air pollution and improving waste management; developing mechanisms to achieve environmental goals; sustainable management of natural resources; a just and inclusive green transition; and the development of environmental and digital competencies.
Thus, the summit agenda encompasses not only environmental, but also socio-economic dimensions.
Support for this initiative at the United Nations level adds considerable political and international weight to the process. It sends a strong signal that environmental issues are no longer confined to nature conservation alone—they are increasingly matters of security, economic stability and social well-being.
The participation of international financial institutions, such as the World Bank and the Asian Development Bank, is particularly important. It expands the potential to translate environmental initiatives into concrete projects, as addressing these challenges requires not only political commitments, but also substantial financial resources and advanced technologies.
The Green Transition: Opportunity or Challenge?
The concept of a “green transition” occupies a central place in the summit agenda. For Central Asian countries, this process is inherently dual in nature.
On the one hand, the transition to a green economy offers opportunities to attract investment, foster innovation and create new jobs. The development of renewable energy, resource-efficient technologies and sustainable agriculture can serve as key drivers of economic growth.
On the other hand, this transition requires large-scale reforms. Modernizing outdated infrastructure, upgrading industry, and strengthening environmental awareness among the population are complex and demanding tasks. This is precisely why the emphasis on a “just and inclusive green transition” is of fundamental importance.
Uzbekistan: Advancing Reforms and Environmental Initiatives
For Uzbekistan, the summit provides an important platform to present its environmental policy on the international stage. In recent years, the country has been implementing large-scale initiatives and programmes such as “Yashil Makon,” “Toza Havo,” “Bio Meros,” “Territory Without Waste” and “Eco-Culture,” demonstrating its proactive stance on the environmental agenda.
Particular attention is being given to the restoration of the Aral Sea region. Practical measures undertaken in this area position Uzbekistan as a significant partner not only regionally, but also globally, creating favorable conditions for attracting investment and expanding international cooperation.
Key Expected Outcomes of the Summit
The summit is expected to result in the signing of a number of strategically important documents, including a Joint Declaration of the Heads of State of Central Asia; a Regional Cooperation Programme with the United Nations for 2026–2030; memorandums on biodiversity, ecotourism, and ecosystem protection; agreements on the establishment of a regional early warning system for wildfires; and initiatives to create a transboundary “Peace Park.”
These documents will form a solid foundation for long-term cooperation and financing of environmental projects.
Conclusion: A Regional Response to Global Challenges
The Regional Environmental Summit highlights the growing role of Central Asia in the global environmental agenda. The forum represents an important step toward the development of a unified regional strategy aimed at reducing climate risks, conserving natural resources and ensuring sustainable development.
For Uzbekistan, participation in the summit is not only an opportunity to showcase its achievements, but also a key platform for strengthening international partnerships, attracting investment and advancing initiatives in the field of the green economy.
Uzbekistan and the OTS: New Horizons for Investment Cooperation and Priority Projects
📅 12.05.2026
Uzbekistan has historically been a proactive driver in strengthening ties among Turkic-speaking nations. Following a period of limited engagement, a pivotal turning point occurred in 2018 when the President of the Republic attended the 6th Summit of the Organization as a Guest of Honor. In 2019, the country ratified the Nakhchivan Agreement, officially becoming a full member of the Organization of Turkic States (OTS). Since joining, Uzbekistan has proposed 116 specific initiatives, more than half of which have already been successfully implemented. The economic impact of this strategic course is evidenced by the data: at the end of 2025, trade turnover with OTS member states increased by 9.6%, reaching $10.8 billion.
Investment cooperation also shows a steady upward trend, with 4,352 enterprises operating with capital from member states as of early 2026. The Republic of Türkiye remains a key strategic partner, with bilateral relations officially elevated to the level of a Strategic Partnership in 2017. Türkiye leads all OTS countries in the number of enterprises established in Uzbekistan, reaching 2,137 units. Investment collaboration in 2025 was characterized by the utilization of funds totaling $3.2 billion, while trade turnover during the same period amounted to $3.024 billion. Transport connectivity is exceptionally robust, with 97 scheduled weekly flights operating between the cities of both nations across eight different routes, including Istanbul and Ankara.
Kazakhstan stands as Uzbekistan's largest trading partner within the Organization, with trade turnover growing by 11.4% in 2025 to nearly $5 billion. There are 1,212 enterprises with Kazakh capital successfully operating in the republic. The transport sector demonstrates immense scale, with freight volume exceeding 22.3 million tons in 2025, the majority of which—19.6 million tons—was transported via rail networks.
The dynamics of economic relations with Kyrgyzstan are marked by the highest growth rates in trade turnover, which surged by 37.1% in 2025 to reach $1.199 billion. The parties have solidified a Comprehensive Strategic Partnership, facilitating an increase in joint ventures to 346 units. The transport sector recorded a significant rise, with total freight volume growing by 22.4% in 2025 to nearly 5.4 million tons. Export shipments across all modes of transport more than doubled, indicating deep integration of production chains.
In 2024, a fundamental Treaty on Allied Relations was signed with Azerbaijan, opening a new chapter in bilateral cooperation. Trade turnover between the countries grew by 14.6% in 2025, totaling $307.3 million. In the investment sphere, 367 enterprises with Azerbaijani capital are currently active. The logistics partnership is also strengthening, as total freight volume increased by 28.3% in 2025, supported by 14 weekly flights between the capitals.
Turkmenistan, which participates in the Organization as an observer, remains a vital partner, with trade turnover reaching $1.203 billion in 2025. The launch of the Shavat-Dashoguz joint border trade zone was a practical step toward streamlining commodity exchange. As of early 2026, 270 enterprises with Turkmen capital were functioning in Uzbekistan. In the transport sector, total cargo volume for 2025 amounted to approximately 1.785 million tons, reflecting a positive growth trend of 22.5%.
Hungary also holds observer status and is actively developing high-tech cooperation with Uzbekistan. In 2025, mutual trade grew by 41.7%, reaching $117.4 million. Although there are 20 enterprises with Hungarian capital in the republic, their projects are notable for their significant scale. These include the establishment of poultry clusters in the Syrdarya region valued at $165 million and a $59 million project for the construction of water treatment facilities in "New Tashkent."
The successful implementation of initiatives and steady growth in economic indicators confirm that Uzbekistan has found the OTS to be an effective instrument for advancing its national interests. Further deepening industrial cooperation and developing the region's transit potential create a solid foundation for transforming this space into a significant global manufacturing and trade hub. The strategic course toward closer integration with the Turkic world opens new prospects for attracting innovation and large-scale investment into key sectors of the national economy. Continuing this policy will not only strengthen the republic's international standing but also ensure long-term socio-economic prosperity for all member states of the Organization.
Uzbekistan and Türkiye: A Human-Centered Partnership in Labor Migration
📅 28.01.2026
The upcoming official visit of the President of the Republic of Uzbekistan to the Republic of Türkiye reflects the deepening strategic partnership between the two countries. One of the most dynamic areas of this cooperation is labor migration, built on mutual trust and a shared human-centered vision.
In recent years, Uzbekistan has fundamentally transformed its migration policy, placing human dignity, legal employment, and social protection at the core of its reforms. This approach aims to ensure that citizens working abroad do so safely, legally, and with full respect for their rights.
Cooperation with Türkiye exemplifies this new philosophy. The entry into force of the bilateral agreement on the protection of the rights of labor migrants and their family members marked a significant milestone in strengthening legal and institutional guarantees for migrants.
Regular dialogue between migration and labor authorities, joint forums, and practical coordination mechanisms have contributed to more orderly and transparent labor mobility. Notably, agreements reached to legalize the status of Uzbek citizens without administrative penalties, particularly in sectors with high labor demand, demonstrate a shared commitment to humane and pragmatic solutions.
Another key dimension of cooperation is skills recognition and certification. Collaboration with Türkiye’s professional qualification institutions enables Uzbek citizens to obtain internationally recognized certificates, enhancing their employability both in Türkiye and beyond.
Partnerships with leading Turkish companies further expand legal employment opportunities, including participation in large-scale construction and infrastructure projects. These initiatives are complemented by the active role of Uzbekistan’s Migration Agency representation in Türkiye, which provides legal, social, and advisory assistance to citizens and safeguards their rights.
Today, negotiations have begun between the two countries on developing a “Social Protection” agreement. Through this agreement, Uzbek citizens working in Türkiye and Turkish citizens working in Uzbekistan will be able to reclaim their social insurance contributions. This will allow workers to formalize their employment and secure legal protections.
Uzbekistan and Türkiye view labor migration not as a challenge, but as a driver of development, stability, and human well-being. The forthcoming presidential visit is expected to elevate this cooperation to a new level, reinforcing a model of migration governance rooted in humanity and mutual benefit.
Uzbekistan’s environmental initiatives are aimed at creating a healthy and sustainable environment in Central Asia
📅 26.07.2024
Due to the Aral Sea tragedy, the negative consequences of climate change are more acute in Central Asia. The increase in air temperature in our region is twice the world average. The number of extremely hot days is expected to double and the area of glaciers will shrink by a third. In the last 30 years, the rate of warming in Central Asia is higher than the global average, and the average annual temperature has increased by 0.5 degrees. According to forecasts, the temperature is expected to increase by 2.0-5.7 degrees by 2085.
Uzbekistan is making active efforts to improve the quality of the environment and prevent the negative consequences of environmental problems. In particular:
Within the framework of international cooperation
Currently, the need for international cooperation in the field of environmental protection is determined by the growing ecological interdependence of all countries. Ozon layer depletion, pollution of the atmosphere and oceans, and the rise in temperature on our planet affect the entire world community, not just the countries engaged in environmentally dangerous activities. Therefore, today, a number of countries have established cooperation with the United Nations Organization on issues of environmental safety.
Such cooperation is based on a number of principles generally recognized by the international community. They are partly reflected in interstate agreements and acts, normative documents of international organizations, and summarized in the decisions of the most important international conferences dedicated to environmental protection and the regulation of cooperation between states and peoples in this field.
Based on this, Uzbekistan is actively promoting important climate initiatives aimed at uniting the region to combat climate change. These ideas of the President of Uzbekistan Shavkat Mirziyoyev are constantly supported by the countries of the region.
As a logical continuation of the formation of a unified climate agenda for Central Asia, the initiative to develop a regional strategy for adaptation to climate change was announced by Uzbekistan at the 5th meeting of state leaders. In addition, the Head of Uzbekistan proposed to establish a multilateral platform at the level of the ministers of ecology - "Central Asian climate dialogue", which can be an integrating link in the path of "green" development in Central Asian countries.
In addition, President Shavkat Mirziyoev put forward a number of proposals at the United Nations Climate Change Conference (COP28). In particular, our country's President advocated for an expeditious agreement on the Global Framework for Climate Adaptation within the framework of the Paris Agreement. At the same time, he noted the need for a fair, transparent and inclusive transition to a low-carbon economy on a global scale, in which the interests of developing countries must be taken into account. He proposed to consider this urgent problem on a permanent basis, including within the framework of the "G7" and "G20" summits.
Within the framework of environmental reforms in our country
A strategy for the transition to a «green» economy
Uzbekistan adopted the strategy of transitioning to a "green" economy for 2019-2030. The main goals of this strategy are:
Preservation of natural resources: Modernization of irrigation systems, introduction of water-saving technologies.
Use of alternative energy sources: Expanding the use of solar, wind and biomass energy.
Introduction of cost-effective means in economic sectors: Improving energy efficiency in manufacturing and service sectors.
Improvement of environmental legislation
Legislation is also being improved to ensure environmental stability in Uzbekistan. These laws are aimed at providing legal groundwork to the reforms implemented in the fields of environmental protection and ecological stability.
Project "Restoration of sustainable forest landscapes in Uzbekistan"
The project "Restoration of sustainable forest landscapes in Uzbekistan" is being implemented in collaboration with the International Development Association. The cost of the project is more than 205 million dollars and it will be implemented within 6 years. It is important that the goals of the project include such tasks as expanding the territory of forests, strengthening the material and technical base of forestry, introducing sustainable management and developing the infrastructure of ecotourism.
"Uzbekistan - 2030" strategy
In the "Uzbekistan-2030" strategy adopted by the Decree of the President of Uzbekistan on September 11, 2023, reforms in the framework of water resources conservation and environmental protection are set as one of the priority goals. A number of measures are envisaged within the framework of the strategy, and they are being effectively implemented. In particular,
National project “Yashil Makon” ("Green Zone").
The Decree of the Cabinet of Ministers No.144-F of March 7, 2024 was adopted in order to implement the activities of the nationwide project "Green Space" in 2024. This project included a number of important initiatives aimed at improving the environmental situation in Uzbekistan and expanding green areas.
138.1 million tree saplings were planted in the spring planting season of 2024 within the "Green Zone" national project. This indicator made 110.5 percent compared to the planned one. This part of the project is aimed not only at environmental improvement but also at improving the aesthetic appearance of our cities.
"Green Parks" and "Green Belts"
In particular, 257 "Green Parks" were established, their total number reached 517. Also, "Green Belts" were established by planting 5.3 million tree saplings in and around industrial enterprises. These efforts were made to reduce the impact of industrial enterprises and protect the environment.
Initiatives of organizations and agencies
Ministries and agencies are also contributing to the aforementioned work. In particular, the Ministry of Defense created a park of 100 hectares, the Ministry of Digital Technologies and the Ministry of Mining and Geology — 65 hectares. These efforts are critical to ensuring the comprehensiveness and sustainability of the project.
Tree planting and waste recycling
In our country, trees have been planted near highways and railways, on river and canal banks, at industrial enterprises and gas stations. These are especially aimed at reducing the negative impact of transport and industry on the environment.
On average, 6.8 million tonnes of household waste are produced in our country per year. In recent years, the number of neighbourhoods covered by sanitation services has increased by more than 90 percent. The level of waste processing was 38.1 percent as of July 1, 2024, and the number of such enterprises was 313 as of February.
Waste treatment and landfills
A new system for the regulation of landfills and waste processing is being launched. In each region, 3-4 landfills with a convenient location are being turned into special eco-industrial zones, and recycling projects are being implemented. In the remaining landfills, a new practice is being used to start temporary waste collection and reloading stations. The landfills that exhausted their resources are closed, poplar, mulberry, elm and maple trees are planted around them, and "green belts" are being established.
Avazbek Kholbekov,
Head of Department – Development Strategy Centеr
Uzbekistan recognized as the safest of 121 countries worldwide
📅 29.07.2024
TASHKENT, July 28. /Dunyo IA/. Uzbekistan took 1st place in the ranking of the safest countries in the world "Safety Perception Index 2023", which includes 121 countries, reports Dunyo IA correspondent.
According to Uzbektourism, the rating indicates that the level of danger to the life and movement of citizens in Uzbekistan is minimal.
The five safest countries also included the United Arab Emirates, Saudi Arabia, Norway and Estonia.
Of the Central Asian countries, Kazakhstan took 14th place, Tajikistan – 17th, Kyrgyzstan – 26th.
Guinea, Sierra Leone and Mali took the lowest place in the rating.
The "Safety Perception Index" focuses on five factors: food and water, violent crime, adverse weather conditions, mental health and safety in work settings. These factors serve as an important basis for the formation of an image that will become the basis for the security rating of countries.
The fact that Uzbekistan is in first place in this ranking creates the basis for the unhindered arrival and departure of foreign tourists to our country.
Proposals to improve the quality of education considered
📅 19.06.2024
President Shavkat Mirziyoyev familiarized himself with the proposals on improving the quality of pre-school and school education and the system of professional development of teachers.
Students' interest in subjects and their academic performance largely depend on the knowledge and skill of teachers. Therefore, necessary conditions are being created for teachers' professional development and the system of knowledge assessment is being improved.
The responsible persons reported on the developed proposals in this sphere.
It was noted that a new certification system based on advanced technologies has been introduced. More than 190 thousand teachers took part in it, 51 thousand teachers were promoted to the new category based on the results.
It was emphasized that it is necessary to constantly stimulate the increase in the number of professional and self-educated teachers in schools.
It was proposed to increase the salaries of teachers with the highest and first qualification category from September 2025.
It was instructed to develop and implement a separate professional development program for teachers who have not been certified and do not have sufficient experience.
In this process, it is necessary to make full use of the possibilities of professional development centers and teacher training colleges. To this end, based on the experience of the Presidential Schools, a system of professional development for the heads and teachers of kindergartens and schools will be organized at the Abdullah Avloni National Research Institute with a frequency of every 5 years.
A task has been set to transfer 11 pedagogical colleges in the regions under the authority of the Centers of Professional Development and attract trainers from abroad.
It was informed that kindergartens and schools, technical schools and "Barkamol Avlod" school will be established on the basis of teacher training colleges with low workload.
In order to disseminate best practices, the evaluation system of Presidential Schools was introduced in 500 schools last year. As a result, student achievement in these schools increased from 53 percent to 59 percent. A bonus of up to 40 percent has been set for school leaders and teachers of high-performing schools.
In this regard, starting from the new school year, this evaluation system will be applied in another 1,000 schools. They will be assigned to 182 specialized schools and 500 schools that have tested the system.
Also 270 schools will be equipped with interactive whiteboards, 365 schools will be provided with computer classes.
The presentation also considered a proposal to establish the National Institute of Pedagogy of Education on the basis of the Research Institute of Pedagogical Sciences of Uzbekistan named after Kary-Niyazi. The new institute will be entrusted with the tasks of strengthening makhalla-parents-school cooperation, creating educational literature for parents and children, and scientific research of didactic views of the Jadids. Activity of the Academic Council on 5 specialties will be organized, as well as training of personnel in master's and doctoral studies.
In addition, the issues of introducing international methods in the schools of sportsmanship of Bakhodir Jalolov and Oksana Chusovitina, improving the quality of education and training were touched upon.
The head of state gave instructions on improving the quality of teachers' training, organizing a fair system of evaluation and incentives.
CERR Updates Bank Ranking for Q1 2026
📅 17.04.2026Following the results of Q1 2026, the ranking of large banks underwent notable changes. While the leading group remained intact, positions within the segment were reshuffled. In the small-bank category, movements were also significant, pointing to continued realignment and stronger competition across the sector.
The Center for Economic Research and Reforms presented the updated Bank Ranking based on the results of the Banking Activity Index for Q1 2026.
The study covers 34 commercial banks of the republic, including 20 classified as large financial institutions by scale and branch network, while the remaining 14 were categorized as small banks.
The methodology is based on the analysis of 27 indicators benchmarked against national averages and international standards, including the requirements of the Basel Committee. The ranking serves as an important tool for enhancing transparency and strengthening confidence in the financial system. This approach is consistent with international practice and is widely used by leading financial institutions.
Financial Results for Q1 2026
During the reporting period, total assets of the banking sector amounted to 932.3 tn sums ($76.3 bn), while liabilities reached 793.9 tn sums ($64.9 bn). Lending increased by 14%, while deposits grew by 32%. The aggregate capital of the banking system was fully denominated in the national currency. Net profit reached 3.1 tn sums ($254 mn), which is 36.3% higher than a year earlier.
During the period under review, the share of non-performing loans declined to 3.3%, compared with 4.5% a year earlier, indicating improved portfolio quality. At the same time, in several banks the ratio remains above the sector average. Capital adequacy indicators exceed minimum regulatory requirements by more than 1.4 times, confirming the resilience of the banking sector.
Large Banks Activity Ranking for Q1 2026
The results of Q1 2026 show that despite the relative stability at the top of the ranking, both categories of banks recorded notable positional changes.
In the large-bank segment, performance was mixed. Out of 20 banks, 7 improved their positions, 8 declined, and 5 retained their previous places. This reflects a high level of competition and the ongoing redistribution of market positions.
The most notable progress was demonstrated by Tenge Bank, which moved up by 6 positions. Three more banks — Agrobank, Invest Finance Bank, and Xalq Bank — advanced by 2 positions each. Positive momentum was also recorded by Ipak Yuli Bank, Asia Alliance Bank, and Hamkorbank, all of which improved their standing in the overall ranking.
At the same time, several large banks recorded lower activity levels. The most significant decline was observed at Orient Finans Bank and Trast Bank, which fell by 5 and 3 positions respectively.
Changes Across Key Indicators
Financial Intermediation. The leading positions were taken by Invest Finance Bank, Anor Bank and Kapitalbank. In this ranking, Davr Bank and Hamkorbank fell by 4 positions, while Ipoteka Bank declined by 1 position.
Financial Accessibility. The leaders were Agrobank, Anor Bank and BRB. Under this indicator, declines were mainly observed among leading banks: Kapitalbank (-3 positions), Hamkorbank (-7), Asia Alliance Bank (-1), Ipak Yuli Bank (-5), and Trast Bank (-6). The strongest improvement in this ranking was recorded by Tenge Bank (+8), Xalq Bank, Davr Bank (+5), and Agrobank (+4).
Capital Adequacy. The top positions were occupied by Orient Finance Bank, Trast Bank and Halk Bank. At the same time, Agrobank dropped by 4 positions, while Aloqa Bank declined by 2 positions.
Asset Quality. The leaders were Hamkorbank, Asia Alliance Bank and Ipak Yuli Bank. Turonbank fell by 5 positions, while Asakabank, Mikrokreditbank, SQB, Trast Bank and Anor Bank each declined by 2 positions.
Management Efficiency. The highest positions were held by SQB, Orient Finance Bank and NBU. At the same time, Asaka Bank dropped by 5 positions, while BRB declined by 4 positions.
Profitability. The leaders were Hamkorbank, Trast Bank and Asia Alliance Bank. Turon Bank, after falling by 3 positions, ranked last. In this ranking, Kapitalbank, Asia Alliance Bank, Anor Bank and Davr Bank declined by 2 positions, while Ipoteka Bank and Mikrokreditbank fell by 1 position.
Liquidity. The leaders were Asia Alliance Bank, Ipak Yuli Bank and Trast Bank. At the same time, Mikrokreditbank, Ipoteka Bank, Anor Bank and SQB each declined by 1 position.
Small Banks Activity Ranking for Q1 2026
The small-bank group remained relatively stable, with leading institutions retaining their positions. The main changes in this category were concentrated in the middle segment, where several banks improved their standing due to stronger financial intermediation and higher profitability.
Within this group, 8 out of 14 financial institutions improved their rankings. The most notable gains were recorded by AVO Bank and Apex Bank, both rising by 3 positions. TBC became the leader of the ranking.
At the same time, 5 banks moved down, with the sharpest decline recorded by Octobank, which lost 6 positions. Saderat Bank, Garant Bank, and Ziraat Bank each rose by 2 positions. The ranking was rounded out by Open Bank and Uzum Bank, both up by 1 position.
Jafar Khidirov, CERR
CERR Banking and Financial Sector Research Sector
Tel: (78) 150 02 02 (441)
CERR Public Relations and Media Sector
Tel: (78) 150 02 02 (417)
Uzbekistan and Azerbaijan strengthen economic partnership
📅 15.05.2026
Economic relations between Uzbekistan and Azerbaijan have been steadily developing in recent years, forming a model of mutually beneficial and sustainable partnership. The introduction of a free trade regime between the two countries has strengthened the institutional foundation of this cooperation and contributes to the expansion of trade and investment ties.
Institutional Cooperation: Systematic and Continuous Dialogue
Intergovernmental institutions play an important role in the development of economic relations. In particular, within the framework of the Intergovernmental Commission, which has been operating since 1998, 14 meetings have been held, with the most recent one taking place in June 2025 in Baku. Within this platform, issues of trade, investment, and industrial cooperation are discussed on a systematic basis.
In addition, three “Uzbekistan–Azerbaijan Regional Forums” have been organized to promote interregional cooperation, and the fourth forum is planned for 2026, which indicates the continued expansion of bilateral relations.
The Uzbekistan–Azerbaijan Business Council, established in 2020, also serves as an important mechanism for enhancing economic cooperation by strengthening interaction between business communities.
Trade Turnover: Strong Growth Dynamics
The dynamics of trade turnover between the two countries demonstrate a positive trend. According to the results of 2025, total trade turnover amounted to USD 307.3 million, increasing by 14.6% compared to the previous year.
Exports reached USD 227.3 million, growing by 7.8%, while imports amounted to USD 80 million, showing a significant increase of 39.3%. This indicates a balanced and diversified development of trade relations.
In the first quarter of 2026, growth rates accelerated further: trade turnover reached USD 80.1 million, increasing by 42.5%. These figures confirm the strong momentum in the development of economic ties between the two countries.
Export Structure: Diversification and New Opportunities
In 2025, exports from Uzbekistan to Azerbaijan increased across 230 product categories. Particularly strong growth was observed in tobacco products, copper wire, grapes, nuts, household appliances, and petroleum products.
At the same time, exports were carried out in 116 new product categories totaling USD 7.8 million, which reflects the ongoing expansion of trade relations between the two countries. This plays an important role in diversifying the export structure and broadening the range of goods.
Imports: Mutually Beneficial Cooperation
Significant growth has also been observed in imports. In 2025, import volume increased by 39.3%, reaching USD 80 million. The main growth was driven by sugar, aluminum, metal pipes, and petroleum products.
This indicates the growing importance of Azerbaijan in supplying Uzbekistan’s economy with essential raw materials and industrial resources.
Transport and Logistics: Strategic Connectivity
Another key area of cooperation is transport and logistics. In 2025, total cargo transportation volume reached 154.3 thousand tons, increasing by 28.3%.
In the first quarter of 2026, this figure rose by 88% to 58.7 thousand tons. The increase in transportation volumes by rail, road, and air reflects the strengthening of logistics chains between the two countries.
The growth in transit cargo transportation (1.4 times in 2025) further enhances the strategic role of Uzbekistan and Azerbaijan in regional transport corridors.
In addition, the operation of 14 regular weekly flights on the Tashkent–Baku route demonstrates a high level of transport connectivity between the two countries.
The above analysis demonstrates that economic relations between Uzbekistan and Azerbaijan are steadily developing at a high pace. The presence of institutional cooperation mechanisms, sustained growth in trade turnover, diversification of export and import structures, and the expansion of transport links significantly enhance the strategic importance of this partnership.
Uzbekistan – the land that glorifies peace, tranquility, and stability
📅 10.09.2025
At present, Uzbekistan is entering an entirely new stage of development, which is vividly demonstrated by the comprehensive reforms being carried out in all spheres. Profound transformations in domestic and foreign policy, socio-economic life, cultural and spiritual-educational fields are reflected in the lifestyle of our people.
At the initiative of the President of the Republic of Uzbekistan Shavkat Mirziyoyev, and based on the unity of the people, the “Uzbekistan – 2030” Strategy was adopted, serving as a solid legal and practical foundation for national renewal. The reforms implemented under this program create conditions for improving the well-being of citizens and ensuring the sustainable development of the state and society.
In recent years, special attention has been paid in our country to strengthening the atmosphere of mutual respect, solidarity and cooperation among various religious confessions, supporting intercultural dialogue, and ensuring peace and harmony, which has been widely recognized by the international community.
It is noteworthy that on 19 September 2017, at the 72nd session of the UN General Assembly in New York, the President of Uzbekistan Shavkat Mirziyoyev put forward an initiative which found its practical embodiment in the adoption, at the following session of the UN General Assembly in 2018, of a special resolution entitled “Enlightenment and Religious Tolerance”. The draft prepared by Uzbekistan was unanimously approved by all UN member states.
This resolution gained particular significance as it placed education and enlightenment at the forefront as an effective means of countering global threats – extremism and terrorism – especially at a time of growing intolerance and uncompromising attitudes towards representatives of different religions and beliefs.
As a logical continuation of this work, in 2022 the international forum “Dialogue of Declarations” was held with the aim of implementing the principles and provisions of the resolution “Enlightenment and Religious Tolerance”, as well as achieving the goals of the National Human Rights Strategy of the Republic of Uzbekistan, approved in 2020.
The main outcome of this meeting was the adoption of the “Bukhara Declaration,” which supplemented earlier declarations adopted in Marrakesh, Mecca, Jakarta, Potomac and Punta del Este. This document became an important contribution of Uzbekistan to strengthening the ideas of religious tolerance and interethnic harmony at the international level.
It is important that this dialogue has become a regular tradition: on 10–13 September of this year, the second international forum “Dialogue of Declarations” is scheduled to take place in Tashkent and Samarkand.
This forum represents an integral part of the international community’s efforts to ensure freedom of religion and to strengthen interfaith dialogue, as well as a demonstration of Uzbekistan’s readiness to actively promote at the global level its firm adherence to international obligations in the field of human rights and freedoms.
It should be emphasized that while in many parts of the world fundamental rights – to life, education, work, self-realization, and freedom of religion – are being violated, in Uzbekistan representatives of more than 130 nationalities and 16 confessions live peacefully on the basis of tolerance. The ability of people of different faiths to freely and safely perform their religious rites is a key factor of social stability.
Currently, there are 2,373 registered religious organizations in Uzbekistan, of which 2,174 are Islamic and 199 are non-Islamic. Over the past eight years, 130 religious organizations have been registered, including 3 higher and 1 secondary special Islamic educational institutions, 105 mosques and 25 non-Islamic organizations of various confessions.
The legal foundation for these transformations is the Concept of State Policy on Ensuring Freedom of Conscience of Citizens and in the Religious Sphere, adopted by the Law of the Republic of Uzbekistan No. 1037 of 25 February 2025.
The Concept affirms the right to freedom of conscience and the constitutional principle of the secular nature of the state, and defines the goals, objectives, principles and priority directions of state policy in the religious sphere. It was developed on the basis of the rich national-historical experience of statehood and universal values, and is aimed at ensuring a stable environment for the progressive development of Uzbekistan’s multiethnic and multi-confessional society on the basis of democracy, secularism, freedom, equality, social justice and solidarity.
Within a short period, major scientific and educational institutions were established, such as the Center of Islamic Civilization in Uzbekistan, international research centers named after Imam Bukhari, Imam Maturidi, Imam Termizi, Bahauddin Naqshband, the International Islamic Academy of Uzbekistan, the School of Hadith Studies in Samarkand, and the Mir Arab Higher Madrasa in Bukhara.
These institutions contribute significantly to ensuring a healthy spiritual environment in society, educating the younger generation as modern-minded individuals worthy of their great ancestors, in line with the noble universal idea “Enlightenment against Ignorance”.
If in 2017 the country had only 3 higher (1 Islamic and 2 non-Islamic) and 9 secondary special religious educational institutions, today their number has reached 16, of which 6 are higher institutions.
To further develop this sphere and elevate it to a new stage, a Presidential Decree “On measures to further strengthen guarantees of the right of citizens to freedom of conscience and to bring reforms in the spiritual-educational sphere to a new level” was signed. This document was positively received not only by representatives of the religious-educational sphere, but also by the wider public.
It is also worth noting that in recent years anniversaries and events of non-Islamic confessions have been held at a high level, alongside Islamic ones. These include the 145th (2017) and 150th (2021) anniversaries of the Russian Orthodox Church Diocese of Tashkent and Uzbekistan, the 120th anniversary of the Armenian Apostolic Church (2023), the 25th (2018) and 30th (2023) anniversaries of the Bible Society of Uzbekistan, the 200th anniversary of the birth of Baha’u’llah (2017), the 200th anniversary of the birth of the Bab (2019), and the 100th anniversary of the passing of ‘Abdu’l-Baha (2022). These events are vivid examples of peace and tolerance in our country.
At the same time, special attention has been paid to enabling believers of various religions to make pilgrimages abroad. In particular, nearly 500,000 citizens have performed Hajj and Umrah, and more than 10,000 people have visited holy sites in Israel, Russia, Georgia, Turkey and other countries.
In conclusion, it should be noted that for thousands of years Uzbekistan has been an integral part of the Great Silk Road, making a worthy contribution to the development of world civilization. Trade, science and cultural centers here have always flourished, while tolerance, hospitality and respect for representatives of different cultures have been key factors of progress.
Today, the traditions and customs of different peoples in Uzbekistan continue to develop in harmony. The consistent policy in the spiritual-educational sphere pursued under the leadership of the President of the Republic of Uzbekistan Shavkat Mirziyoyev serves as an important foundation not only for ensuring peace, stability and harmony in our country, but also for their promotion globally.
The broad participation of representatives from different countries in the upcoming second international forum “Dialogue of Declarations” is clear evidence of the high international recognition of Uzbekistan’s state policy in ensuring freedom of religion and interfaith harmony.
Davronbek Maksudov,
First Deputy Chairman
of the Committee on Religious Affairs
of the Republic of Uzbekistan
President of Uzbekistan discusses with the head of the European Council the issues of further expansion of multifaceted cooperation
📅 27.01.2025
During a telephone conversation between President of the Republic of Uzbekistan Shavkat Mirziyoyev and President of the European Council António Costa on January 23, topical issues on the bilateral and regional agenda were discussed.
The President of Uzbekistan sincerely congratulated António Costa on his election as the head of the European Council and wished him great success.
It was noted with deep satisfaction that the Uzbek-European multifaceted cooperation has reached the highest level in recent years and continues to develop dynamically in all priority dimensions.
Active contacts and exchanges at different levels have been carried out. In 2024, Uzbekistan's trade turnover with the EU countries exceeded 6 billion euros, the portfolio of projects with European companies reached 30 billion euros.
Last year, an agreement on strategic partnership in the field of critical mineral resources was signed. There is fruitful cooperation in transportation and digital interconnectivity, green economy, culture and other areas.
Confidence was expressed in the early signing of the Enhanced Partnership and Cooperation Agreement between the Republic of Uzbekistan and the European Union, which will give a serious impetus to the development of the entire range of relations.
The Uzbek leader and the head of the European Council also exchanged views on the international agenda and regional cooperation. Joint plans to prepare and hold the first “Central Asia-EU” summit in the city of Samarkand in April this year were discussed.
Uzbekistan and Finland: Similar Approaches to Building Good-Neighborly Regional Relations
📅 06.11.2025
In an era characterized by growing disunity among global powers, the strategies employed by so-called “middle” states in forging stable regional relations present promising solutions for achieving international peace and cooperation. Uzbekistan, a Central Asian nation situated at the heart of the historic Silk Road, and Finland, a Nordic state with a unique experience as a neutral border state during the Cold War, exemplify how a consistent commitment to dialogue can contribute to regional stability amidst the complexities of global relations.
Geographically separated, these countries have developed strikingly similar approaches to ensuring sustainable development, peace, and stability in their regions. They address key regional security challenges by strengthening multifaceted and mutually beneficial good-neighborly relations with their neighbors. Additionally, they engage in multilateral, long-term partnerships with interested countries and organizations.
While Uzbekistan and Finland have been shaped by different historical contexts, these experiences have contributed to the development of a shared diplomatic philosophy centered around stability, cooperation, sovereign equality, mutual respect, and multilateral interaction.
Central Asia, a region steeped in ancient history, has long been a cultural and historical hub. Centuries ago, it was a unified space where politics, economics, and culture intertwined seamlessly. As one of the cradles of human civilization, Central Asia boasts a rich tapestry of history and a vibrant cultural heritage that has shaped universal values. These values emphasize cooperation over confrontation, tolerance over imposition, and the belief that the well-being of neighbors is intrinsically linked to one’s own.
Since gaining independence in 1991, Uzbekistan has consistently championed a policy of regional interaction. This policy, which gained prominence under President Shavkat Mirziyoyev in 2016, became a cornerstone of Uzbekistan’s foreign policy. Tashkent’s “diplomatic offensive” to enhance intra-regional cooperation became one of the most significant policy changes that transformed relations in modern Central Asia.
Tashkent’s unprecedented focus on dialogue and building trust with neighboring states has transformed Uzbekistan into the primary organizer of cooperation in the region. It has advocated for the development of multilateral interaction mechanisms, spanning various domains such as water resource management, transport corridor expansion, industrial cooperation, border demarcation, and regional security.
The positive impact of these policy changes has reverberated throughout the entire region. After 2016, economic cooperation witnessed a remarkable surge, leading to a nearly doubling of the total GDP of Central Asian states from $273 billion to $520 billion. Trust and strengthened ties between countries have facilitated a 4.5-fold increase in intra-regional trade, soaring from $2.4 billion to $11 billion. Moreover, the number of tourists visiting the region has doubled, further boosting its appeal.
The collective openness and enhanced stability have become attractive factors for third countries, resulting in a significant increase in the region’s foreign trade. This growth has seen a remarkable rise of over 200 percent, from $112 billion to $253 billion.
Finland’s diplomatic traditions were shaped by its unique position at the crossroads of Eastern and Western “spheres of influence.” Its vulnerable geographical location drove its pursuit of interaction and stability.
Finland consistently advocates for strengthening friendly relations with all countries, particularly its neighbors, and fostering ties within Nordic cooperation structures like the Nordic Council, the Council of Ministers of the Nordic Countries, and the Nordic Investment Bank.
This approach is reflected in Finland’s active involvement in the OSCE with aims to enhance dialogue and trust.
Finland’s 2025 OSCE chairmanship, coinciding with the 50th anniversary of the Helsinki Final Act, holds symbolic significance. It exemplifies Finland’s commitment to building bridges, fostering dialogue, and cultivating trust, aligning with its dialogue-based foreign policy. Finnish diplomacy consistently emphasizes the importance of strengthening common positions and approaches among states, reflecting Finland’s consensus-oriented diplomatic style, which Uzbekistan shares as well.
It’s worth noting that both countries adhere to the same fundamental principles of international law. Respect for national sovereignty, non-interference in internal affairs, and the inviolability of borders serve as practical guidelines shaping Uzbekistan and Finland’s foreign policy, regional behavior, and international positioning.
Tashkent’s approaches to regional interaction resonate with Helsinki’s priorities for cooperation with the Nordic and Baltic countries. Uzbekistan’s efforts in resolving border disputes and collaborating on water resources in the region mirror Finland’s approach to peacebuilding and fostering cooperation.
Furthermore, both countries have established themselves as advocates of results-oriented cooperation. They are pragmatic architects of projects that create mutual benefits and strengthen regional stability and interregional connectivity.
Under the leadership of President Sh. Mirziyoyev, Uzbekistan is actively promoting the development of transport infrastructure within Central Asia and with neighboring regions, including the West, East, and South. For instance, the development of the “Middle Corridor” (Trans-Caspian International Transport Route) has led to a remarkable six-fold increase in cargo shipments along it over four years, from 2020 to 2024, reaching a substantial volume of 4.5 million tons. Tashkent is also actively involved in the construction of the China-Kyrgyzstan-Uzbekistan railway and is promoting connectivity between Central and South Asia.
Economic cooperation and environmental protection are additional pillars of Uzbekistan’s regional strategy. These aspects play a crucial role in Uzbekistan’s environmental programs, particularly in mitigating the consequences of the Aral Sea disaster.
Finland, following a similar pattern of project-oriented cooperation, has been an active participant in initiatives of the Nordic Council and the Barents Euro-Arctic Council. These initiatives encompass cross-border cooperation in environmental protection, innovation, and people-to-people contacts. Finland also promotes initiatives of the Trans-European Transport Network and Arctic connectivity.
Known for its leadership in environmental protection, Finland actively participates in cross-border economic projects with partners from the Nordic and Baltic countries.
Alongside their close cooperation with countries in their respective regions, Uzbekistan and Finland pursue a policy of strategic multilateralism. Both countries actively participate in various regional and global institutions, reflecting their shared views that modern challenges require collective responses. They believe that “middle powers” can exert effective influence through institutional engagement.
Since 2016, Uzbekistan has significantly increased its involvement in regional organizations, primarily the Shanghai Cooperation Organization (SCO), the Organization of Turkic States (OTS), and various United Nations bodies.
Additionally, the “Central Asia +” (C5+1) platform, now comprising over 10 partner countries and organizations, actively promotes interregional cooperation. Notably, the inaugural “Central Asia – European Union” summit held in April 2025 resulted in an agreement on “deep and comprehensive cooperation” between the two regions.
Finland’s international engagement, while having a longer history, also follows a similar pattern of active institutional participation. As a member of the European Union since 1995 and multiple international organizations, Finland maintains its traditional interactions with regional structures in Northern and Baltic Europe.
As the international landscape becomes increasingly intricate, Uzbekistan and Finland encounter similar challenges that test their historically established unique diplomatic approaches.
Uzbekistan faces the primary challenge of sustaining the momentum for deepening regional partnership and intensifying cooperation with external actors amidst escalating geopolitical tensions, environmental threats, and economic shocks.
From Uzbekistan’s perspective, responding to the changing geopolitical landscape and the economic transformation needs of Central Asia requires strengthened cooperation, both among Central Asian countries and between regions.
Finland’s challenge lies in finding a balance between its commitments within the EU and NATO and its traditional role as a mediator in building consensus and dialogue, particularly in organizations like the OSCE, where it continues to promote “strengthening dialogue and trust.”
Overall, Uzbekistan and Finland exemplify successful regional cooperation based on a consistent commitment to dialogue and interaction. Despite their distinct geographical and historical contexts, both countries have adopted similar foreign policy approaches focused on conflict prevention, institutional engagement, and pragmatic regionalism.
In an interconnected world characterized by great power rivalry, the diplomatic approaches of Uzbekistan and Finland serve as a reminder that sustainable security and prosperity are achieved through dialogue, cooperation, and practical collaboration, rather than diktat, isolation, or empty rhetoric.
And unsurprisingly, these foreign policy approaches positively impact the lives of their citizens. It’s not a coincidence that Finland consistently ranks as the “happiest country in the world” for the eighth consecutive year in the World Happiness Report. Similarly, Uzbekistan leads in the level of happiness among Central Asian countries in the same ranking.
Sharif Akhmedov,
Chief Researcher at the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan
Uzbekistan’s Business Climate Analysis for 2025 – A CERR Study
📅 04.02.2026
Throughout the year, the business climate remained in positive territory, with an annual average of 57 points, indicating an overall favorable business environment in Uzbekistan.
The Center for Economic Research and Reforms (CERR) presented the results of its 2025 business climate analysis, based on monthly nationwide surveys of entrepreneurs. Using the collected data, a composite Business Climate Indicator was constructed, reflecting assessments of current business conditions as well as expectations for the next three months.
Dynamics of the Composite Business Climate in Uzbekistan
According to the results of 2025, the annual average value of the Composite Business Climate Index in Uzbekistan amounted to 57 points on a scale from −100 to +100, which is 7% higher than in 2024. The growth was primarily driven by improved assessments of current conditions. The annual average value of the Current Business Conditions Index increased by 22% and reached 47 points.
At the same time, the Expectations Index declined slightly from 68 to 66 points, while remaining at a relatively high level. This reflects a certain degree of caution among enterprises regarding future prospects amid an overall improvement in perceptions of current conditions.
Over the year, the dynamics of the Composite Business Climate Index were uneven. The highest value was recorded in June at 63 points, while the lowest level was observed in January at 52 points. Fluctuations during the year reflected both seasonal factors and businesses’ adaptation to rapidly changing economic conditions.
By the end of the year, a high level of optimism among enterprises persisted. In December, the Business Climate Index stood at 58 points, increasing by 2 points compared to the end of 2024.
Sectoral and Regional Dynamics of the Business Climate Index
From a sectoral perspective, improvements in the business climate were recorded across most sectors of the economy in 2025. In the services sector, the index reached 58 points, representing an increase of 14.7%. In construction, the index stood at 57 points, up by 14.2%, while in industry it reached 54 points, increasing by 6.8%.
In agriculture, the index remained virtually unchanged at 56 points, indicating the persistence of previously established assessments of business conditions in this sector.
From a regional perspective, the annual average Business Climate Index increased compared to the previous year in 11 regions of the republic. In seven regions, the annual average value of the index reached 57 points.
The most pronounced improvement in business climate conditions was observed in Kashkadarya region, where the index increased by 27%, followed by Jizzakh region with a 23% increase and Khorezm region with a 17% increase. In the Republic of Karakalpakstan, growth amounted to 19%.
In Samarkand region, despite a slight decline in the index, the annual average business climate remained in positive territory at 51 points. In Tashkent region, the indicator remained unchanged at 44 points.
Business Expectations Regarding Price Dynamics and Demand
In terms of business expectations, inflationary and market assessments remained moderate in 2025. On average, 23% of companies expected price increases in the near term, which is 2 percentage points lower than in 2024.
During the year, the share of entrepreneurs expecting price increases fluctuated within the range of 18–27%, reaching a peak in April and the lowest levels in September and December. The highest price expectations were observed among enterprises in agriculture and construction, reflecting sector-specific cost structures as well as the impact of seasonal and weather-related factors.
At the same time, assessments of market conditions remained relatively strong. On average, 66% of entrepreneurs expected an increase in demand for goods and services, while 57% of companies planned to expand their workforce. Overall, the results indicate the persistence of positive expectations regarding business activity and employment, alongside more restrained assessments of price dynamics.
Assessments of Demand and Employment
The Employment Index in 2025 amounted to 43 points, corresponding to a 12% increase. The most significant growth was recorded in the services sector at 14%, construction at 17%, industry at 7%, and agriculture at 11%. Throughout the year, employment dynamics remained moderate, with sustained demand for labor.
The Demand Index also showed improvement. Its annual average value reached 48 points, representing an increase of 13%. The largest contribution came from the services sector, where the index increased by 19%, while in construction, industry, and agriculture the Demand Index rose by 6% in each sector. During the year, the index remained relatively stable, with stronger positive assessments in the second half of 2025.
Barriers to Entrepreneurial Activity
Over the course of the year, a gradual reduction in barriers to doing business was observed. According to the results, 60% of entrepreneurs reported that they did not face difficulties in conducting business, which is 6% higher than in 2024.
In industry, problems related to electricity supply decreased by 4%, high tax rates by 3%, and access to financing by 3%.
At the same time, in agriculture and construction, financing-related barriers declined significantly, by 7% and 5%, respectively.
Despite the overall reduction in complaints, financing remained the main obstacle cited by entrepreneurs in construction and industry, reported by 11% of respondents in each sector.
Overall, sectoral data indicate an increase in the share of entrepreneurs who do not face significant constraints, as well as a decline in the importance of financial and infrastructure barriers.
The Business Climate Change Indicator is constructed based on the methodology of the Ifo Institute (Germany). As part of the surveys, company managers assess current and expected changes in business activity based on developments in production, demand, prices, and other indicators.
CERR Sector for the Study of Competitiveness of Economic Sectors and Investment Activity
tel.: (78) 150 02 02 (441)
CERR Public Relations and Media Sector
tel.: (78) 150 02 02 (417)
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Ministry of Investments and Foreign Trade of the Republic of Uzbekistan
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