On October 15–16, 2025, the city of Fergana will host the inaugural session of the Fergana Peace Forum under the theme: “The Fergana Valley: Uniting Efforts for Peace and Progress.”
Organized by the Institute for Strategic and Regional Studies (ISRS) under the President of the Republic of Uzbekistan, in partnership with colleagues from Kyrgyzstan and Tajikistan, and supported by national and international organizations, this unique large-scale event will bring together leading experts, researchers, public figures, and representatives of international organizations. Their goal is to discuss the prospects for the development of one of Central Asia’s most densely populated and culturally rich regions — the Fergana Valley.
Experts from prominent think tanks across the CIS, Asia, Europe, and the Americas, alongside academics, business leaders, civil society representatives, and youth leaders from the region, will convene in one place. High-level delegates from international bodies such as the United Nations, the Shanghai Cooperation Organization (SCO), the Commonwealth of Independent States (CIS), the Conference on Interaction and Confidence-Building Measures in Asia (CICA), the European Union, and the Organization for Security and Co-operation in Europe (OSCE) are also expected to participate. Renowned peacebuilding organizations including the Berghof Foundation (Germany), the Martti Ahtisaari Peace Foundation (Finland), PeaceNexus (Switzerland), and the Stockholm International Peace Research Institute (SIPRI) will be among the invited guests.
More than 300 participants will attend the Forum, including around 150 from Central Asia and over 50 from the CIS, Asia, Europe, and the Americas.
Experts believe the Forum will reinforce the vision expressed by Uzbekistan’s President Shavkat Mirziyoyev at the 80th session of the UN General Assembly — the transformation of Central Asia into a space of peace, good neighborliness, and partnership.
As President Mirziyoyev has noted, the region is entering the era of New Central Asia. The days of closed borders, unresolved disputes, and conflicts are becoming a thing of the past. Thanks to growing cohesion, stability, and an emerging shared identity, Central Asia is increasingly recognized as an independent and influential actor on the global stage.
The choice of the Fergana Valley as the Forum’s venue is symbolic. This unique region is where the lifelines of Uzbekistan, Kyrgyzstan, and Tajikistan intersect. The established atmosphere of trust, dialogue, and cooperation between these countries exemplifies the good-neighborly policy championed by President Mirziyoyev.
Historical records mention the ancient Fergana state of Davan, especially the cities of Aksikent and Mingtepa, which were famed for their fertile lands, strong defenses, and prized horses. These are documented in Chinese chronicles from the late 2nd century BCE. By medieval times, the valley was one of the leading regions of Mawarannahr (Transoxiana). Archaeological remains from the Bronze Age, Early Iron Age, and medieval periods testify to the valley’s role as a cradle of multiple civilizations.
The Han dynasty historian Sima Qian wrote: “The people live on the land, tilling fields and growing rice and wheat. They live in houses and fortified cities; there are about seventy or more cities of various sizes in this region.” Medieval Arab geographers described Fergana as a land dotted with many cities and villages, surrounded by steppes and mountains, where both urban life and pastoralism thrived.
Cities such as Kokand, Khujand, Osh, and Margilan were centuries-old centers of craftsmanship, trade, and learning. Caravans of the Great Silk Road passed through here; some of the earliest madrasahs were established in the valley. The region became a crossroads for ideas from Persia, China, India, and the Arab world.
Situated at the intersection of Hellenistic, Bactrian, Parthian, Chinese, and Islamic civilizations, the Fergana Valley is a unique hub of cultural exchange — a legacy evident today in its languages, traditions, cuisine, and architecture.
Experts agree that the peoples of the Fergana Valley form a unified historical and civilizational community — a reality forged over centuries of political, economic, and humanitarian interaction.
The Fergana Valley is living proof that the coexistence of diverse cultures is not only possible but also fruitful. Here, traditions are preserved while new forms of cooperation continuously emerge, from joint celebrations to cross-border initiatives. The region has effectively become a laboratory for cultural convergence, where the ideals of inter-civilizational dialogue are actively realized.
With its rich heritage, dense population, and vast economic potential, the Fergana Valley requires special attention to sustainable development, environmental security, and cross-border cooperation.
Coordinated action and open dialogue are essential here — to foster peace, mutual trust, and progress. The Forum’s agenda addresses a wide range of issues:
Special focus will be placed on turning challenges into opportunities and establishing regional cooperation as a firm foundation for peace and prosperity.
The maturity of the Fergana Valley is reflected in its shared historical and cultural foundation, which allows the countries in the region to build dialogue on existing trust rather than starting from zero.
Today, the Fergana Valley is more than a historical symbol — it is a strategic region for sustainable development and economic cooperation. Joint transport and energy projects, cross-border markets, and digital initiatives are driving dynamic growth.
The Fergana Peace Forum is poised to become not just a discussion platform but an ongoing mechanism for generating ideas, uniting efforts, and advancing projects for the benefit of the entire region.
Organizers highlight that the example of the Fergana Valley could serve as a model for post-conflict regions worldwide, where political stabilization must be accompanied by deep cultural and humanitarian work. Real mechanisms of cooperation are being forged here, grounded in a shared historical and cultural legacy that supports peace and development.
Among the anticipated outcomes of the Forum is the adoption of a Communiqué calling for the establishment of a unified space of friendship, good neighborliness, and sustainable development in the Fergana Valley.
Preparatory discussions have already confirmed that the Fergana Valley is a place where the past inspires, the present unites, and the future is built on values of peace and cooperation.
In a world where conflict has become commonplace and the international community searches for new models of sustainable coexistence, the Fergana Peace Forum offers one clear answer: peace begins with trust, and trust begins with open dialogue.
Fergana is not just a point on the map — it is a space where respect becomes the language of communication, friendship forms the foundation of neighborliness, and cultural diversity is a source of unity.
Dr. Alisher Sabirov, Doctor of Historical Sciences,
Professor, Nizami National Pedagogical University, Uzbekistan;
Adjunct Associate Professor, Shaanxi Normal University, People’s Republic of China
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.
Today, environmental challenges such as climate change, desertification, biodiversity loss and air pollution are driving countries around the world toward closer cooperation. Uzbekistan has likewise identified environmental protection and climate change adaptation as key priorities of its state policy. In this context, the development of international partnerships, particularly with the United States, is of special importance.
At present, experts and representatives from both countries actively engage on various international platforms. In particular, the National Committee on Ecology and Climate Change of the Republic of Uzbekistan regularly participates in meetings of the Environment and Energy Working Groups within the C5+1 framework. This dialogue platform enables the countries of Central Asia and the United States to exchange expertise on environmental issues and advance new initiatives.
In recent years, bilateral cooperation has gained significant momentum. Uzbek delegations have taken part in international forums, educational programs, and professional development initiatives hosted in the United States. Participation in sessions of the United Nations Forum on Forests, visits organized through cooperation with the United States Geological Survey (USGS) and educational exchanges on environmental topics under the U.S. Congress’s Open World Program have all contributed to strengthening professional expertise and promoting the exchange of knowledge and best practices.
In 2024, a meeting between Uzbekistan’s Minister of Ecology, Environmental Protection and Climate Change, Aziz Abdukhakimov, and U.S. Presidential Advisor Sara Minkara underscored the importance of integrating social considerations into the environmental agenda. The parties discussed the impact of climate change on persons with disabilities and reached an agreement to foster cooperation between higher education institutions in the two countries.
Significant progress is also being made in scientific collaboration.
A memorandum signed in 2025 between Green University in Tashkent and the Center for Sustainable Development at Columbia University is expected to elevate research in the fields of ecology and climate change to a new level. A practical outcome of this partnership was the visit to Uzbekistan by world-renowned economist and sustainable development expert Jeffrey Sachs.
Looking ahead, there are broad opportunities to further expand environmental cooperation between Uzbekistan and the United States. One particularly promising area is the study of U.S. experience in forest management. Approximately one-third of the United States is covered by forests and the country has developed advanced forest management and monitoring systems that may offer valuable insights for Uzbekistan.
Considerable potential also exists in the fields of biodiversity conservation and protected area management. In the United States, millions of hectares of land are managed for conservation purposes and this experience could contribute to the further development of Uzbekistan’s protected area system.
Particular attention should also be given to cooperation in education and science. Establishing partnerships between Green University and leading global institutions such as the University of California, Berkeley, Stanford University, Harvard University and Yale University would not only enhance the quality of scientific research but also help prepare a new generation of specialists in ecology and climate science.
In addition, the United States’ advanced experience in sustainable urban development and «green» infrastructure is of considerable interest for Uzbekistan’s cities. Cities such as Portland and Seattle have successfully implemented projects involving «green» streets, cycling infrastructure, modern waste management systems and air quality monitoring technologies. Studying these practices could support the advancement of green city initiatives across Uzbekistan.
The hosting of the Eighth Assembly of the Global Environment Facility (GEF) in Samarkand in 2026 further strengthened Uzbekistan’s international standing in the field of environmental cooperation. The participation of U.S. representatives in Eco Expo Central Asia 2026, organized as part of this landmark event, has the potential to elevate environmental partnership between the two countries to a qualitatively new level.
Today, environmental cooperation between Uzbekistan and the United States extends beyond individual projects and events, increasingly taking on the character of a long-term strategic partnership. At a time when climate change and environmental security are becoming ever more pressing global concerns, such cooperation will contribute to sustainable development not only in both countries, but across the wider region as well.
In November 2026, the 31st session of the Conference of the Parties (COP31) to the United Nations Framework Convention on Climate Change (UNFCCC) will take place in Antalya, Türkiye. Countries from around the world will discuss climate change mitigation, adaptation to its impacts, and the expansion of international cooperation. For Uzbekistan, the conference will provide an important platform for advancing environmental initiatives proposed at previous international meetings and drawing global attention to the climate challenges facing our region. In Central Asia, rising temperatures, water scarcity, desertification and land degradation are directly affecting not only economic development but also the future of natural ecosystems and plant diversity.
The Paris Agreement, adopted in 2015, plays a central role in international cooperation on climate change. It sets the goal of holding the increase in global average temperature to well below 2 °C above pre-industrial levels and pursuing efforts to limit it to 1.5 °C. Reducing greenhouse gas emissions, adapting to the impacts of climate change, and expanding financial and technological cooperation are essential to achieving this goal. Maintaining the resilience of natural ecosystems is particularly important in areas experiencing more frequent or severe droughts and water scarcity. Changes in climatic conditions directly affect the natural distribution of plants and the availability of suitable ecological conditions. Consequently, developing adaptation measures based on scientific observations has become an important focus of international climate policy.
Uzbekistan’s climate initiatives on international platforms address pressing issues such as the environmental challenges of the Aral Sea region, the protection of water resources and the restoration of natural ecosystems. At the COP28 summit in Dubai in 2023, President Shavkat Mirziyoyev called for cooperation in establishing an international climate technology expo hub in the Aral Sea region. This initiative seeks to bring together modern technologies and international expertise to address the region’s complex environmental challenges. At COP29 in Baku in 2024, a proposal was made to establish an International Centre for Climate Loss and Damage Assessment and to develop a Declaration on Obligations to Ensure the Ecological Safety and Health of River Ecosystems. Plans were also announced to launch a Regional Genetic Resources Bank to improve crop resilience to climate change.
Uzbekistan’s international environmental initiatives have also been reflected in documents adopted within the United Nations. In particular, on 13 August 2024, the UN General Assembly adopted a resolution developed at our country’s initiative concerning sustainable forest management, afforestation and reforestation in degraded and dryland areas. The document recognizes the importance of combating land degradation and restoring forest ecosystems in addressing environmental challenges.
Regional cooperation was also discussed at the international climate forum held in Samarkand in April 2025. It was noted that a climate change adaptation strategy for the countries of Central Asia had been developed and approved. The President proposed holding an annual regional tree-planting campaign, the “Green Belt of Central Asia”, ahead of Navruz. He also emphasized the need to pool scientific expertise to strengthen the climate resilience of forestry and agriculture. These initiatives demonstrate Uzbekistan’s continued engagement in international climate policy and provide an important foundation for expanding cooperation at COP31.
International environmental initiatives are aligned with domestic efforts to expand green spaces, combat desertification and protect natural ecosystems. Under the nationwide “Yashil Makon” (“Green Space”) project, more than one billion tree and shrub seedlings have been planted across the country. According to information published on the official website of the President of the Republic of Uzbekistan on 6 July 2026, green coverage increased from 8 percent in 2020 to 14.3 percent in 2025. Ecological restoration in the Aral Sea region plays a particularly important role in combating desertification. In recent years, new forest plantations have been established across more than 2 million hectares of the dried Aral Sea bed. The planting of saxaul and other desert plants is intended to reduce the movement of sand, salt and dust and improve local environmental conditions. Attention is also being paid to the sustainable use of the natural potential of desert areas and the conservation of plant resources. The need to develop seed production and nurseries for desert plants and to cultivate halophytes has been emphasized, alongside proposals to test modern agricultural technologies on degraded land. These priorities underscore the need to integrate ecological restoration with scientific research.
The network of protected natural areas is also being expanded to conserve biodiversity. In 2025–2026, the areas of 10 protected natural territories were expanded. In 2026, three new national nature parks were established, increasing the number of protected areas within the Department of Protected Natural Areas from 24 to 27. According to official data, as of 30 March 2026, protected natural areas accounted for 15.7 percent of Uzbekistan’s territory.
Alongside greening efforts and the expansion of protected natural areas, conserving the diversity of wild plants in the face of climate change remains a pressing task. Changes in temperature and moisture regimes affect plant habitats in different ways and may lead to the contraction of suitable areas for some species or shifts to other geographic regions. Research conducted in Central Asia suggests that these processes may be particularly pronounced in mountain and foothill ecosystems. Models of the potential future distribution of certain plant species project a contraction of ecologically suitable areas, shifts towards higher elevations and a decline in climate refugia.
Research on the natural flora of Surkhandarya Region found that a comparison of the periods 1981–1990 and 2021–2023 showed an increase in air temperatures of 1.8–2.0 °C, while precipitation and soil moisture decreased. Changes in climatic conditions were relatively more pronounced in areas where endemic plant species occur, highlighting the need to pay particular attention to the conservation of their habitats.
From this perspective, conserving our national flora requires looking beyond existing protected areas and taking account of potential future changes in plant distribution. This calls for the systematic application of findings from floristic research, long-term ecological monitoring and modern modelling results in conservation practice.
Conserving biodiversity in the face of climate change requires coordinated efforts in international cooperation, national environmental policy and scientific research. COP31 offers an important opportunity to further strengthen cooperation in this field. The future of our national flora depends directly on decisions made today, the protection of natural ecosystems and the effectiveness of scientifically informed practical measures.
Feruz Akbarov,
Doctor of Philosophy (PhD) in Biological Sciences,
Senior Researcher, Laboratory of Flora of Uzbekistan,
Institute of Botany, Academy of Sciences of the Republic of Uzbekistan.
At the invitation of President of the Republic of Uzbekistan Shavkat Mirziyoyev, President of Mongolia Ukhnaagiin Khurelsukh will pay a state visit to our country on June 23-26.
In accordance with the program of the high-ranking guest's stay, it is envisaged to hold high-level talks in Tashkent, during which issues of further expansion and strengthening of Uzbek-Mongolian relations of friendship and multifaceted cooperation will be considered.
In particular, the agenda includes plans to develop constructive political dialogue and inter-parliamentary contacts, increase bilateral trade turnover, implement cooperation projects in mining, agriculture, livestock, light industry, healthcare, transport, logistics and other areas. Joint measures aimed at boosting cultural, humanitarian and tourist ties will also be discussed. There will be an exchange of views on international issues.
A package of intergovernmental and interdepartmental documents will be signed following the results of the summit.
As part of the program of the state visit, the leaders of the two countries will meet with representatives of leading companies and business circles, and a number of other bilateral events will be held.
Mongolian President Ukhnaagiin Khurelsukh will also visit Khiva, where he will familiarize himself with the rich cultural and historical heritage of our people.
In December 2025, the President of Uzbekistan Shavkat Mirziyoyev will pay an official visit to Japan and take part in the high-level Central Asia + Japan Dialogue summit.
Since the establishment of diplomatic relations between the two states on 26 January 1992, the development of Uzbek–Japanese cooperation has been one of the key priorities of Uzbekistan’s foreign policy in the Asia-Pacific region. Based on mutual respect and trust, Tashkent and Tokyo are today building dynamic, multi-tiered cooperation covering politics, security, the economy, investment, innovation, education, culture, tourism, and interaction within regional formats.
Japan has traditionally been a key strategic partner in modernizing industrial and energy infrastructure, advancing digital transformation, promoting sustainable development, and supporting progress in education, science, culture, and humanitarian exchange.
Bilateral cooperation between Uzbekistan and Japan is rich and dynamic. A turning point in the development of the dialogue was President Shavkat Mirziyoyev’s official visit to Japan in December 2019, which gave a powerful impetus to the implementation of major joint economic, investment, and humanitarian projects and defined the long-term trajectory of bilateral engagement.
On the international stage, Uzbekistan and Japan interact effectively within international organizations and support each other’s positions. Over the years, Uzbekistan has supported Japan’s candidacy to UN bodies more than 40 times, while Tokyo has co-sponsored a number of UN General Assembly resolutions initiated by Uzbekistan, including resolutions on the Central Asian Nuclear-Weapon-Free Zone, education and religious tolerance, youth support, and the role of parliaments in achieving the Sustainable Development Goals.
The strategic nature of bilateral relations is also reflected in inter-parliamentary cooperation. Friendship groups operate within both national parliaments, regular meetings of the Uzbekistan–Japan Inter-Parliamentary Forum are held, mutual visits take place, and online consultations and negotiations are conducted.
Cooperation between the foreign ministries is likewise intensive. Since 2002, 19 rounds of political consultations have been held between the foreign ministries of the two countries.
A significant milestone in this regard was the first Strategic Dialogue between the Foreign Ministers of Uzbekistan and Japan, held on 25 August 2025 in Tashkent. This new format underscored the long-term nature of bilateral engagement and the readiness of both sides to expand mutually beneficial cooperation across all areas.
Regular contacts, telephone conversations, meetings on international platforms, and reciprocal visits by foreign ministers help coordinate positions on bilateral and multilateral issues and further intensify cooperation in other areas.
Honorary consuls of Uzbekistan in Japan also play an important role in promoting interstate cooperation, actively contributing to the advancement of economic and cultural initiatives.
Economic cooperation between Uzbekistan and Japan is developing dynamically and encompasses industry, energy, communications, infrastructure, innovation, transport, and the “green economy.” Trade between the two countries is conducted under the most-favored-nation regime, which has contributed to steady growth in bilateral trade turnover.
In 2024, the Uzbek–Japanese Trade House opened in Nagoya, demonstrating Japan’s growing interest in expanding trade ties with Uzbekistan.
Joint meetings of the Uzbekistan–Japan and Japan–Uzbekistan Committees on Economic Cooperation serve as the key coordination mechanism for bilateral economic projects.
Today, 84 joint ventures with Japanese capital operate in Uzbekistan, and 13 major Japanese companies have representative offices in the country, working in the oil and gas, chemical, engineering, logistics, education, and tourism sectors.
Japanese financial institutions play a strategic role in modernizing Uzbekistan’s economy. In January 2025, a loan agreement worth USD 150 million was signed in Tashkent with the Japan International Cooperation Agency (JICA) for the construction and equipping of the Republican Center for Neurology and Stroke — a modern project that will represent an important step in advancing national healthcare.
The cultural and humanitarian dimension of Uzbek–Japanese relations is distinguished by depth and emotional resonance. For more than two decades, the Uzbekistan–Japan Friendship Society, as well as the Fukushima–Uzbekistan Association and the Japan–Uzbekistan Association, have been actively operating. The Hiroshima Peace Stone installed in Tashkent and the Japanese Garden in the heart of the capital have become symbols of strong friendship between the peoples of Uzbekistan and Japan.
Uzbekistan regularly hosts Japanese cultural festivals, film screenings, performances, and exhibitions. In turn, Uzbekistan widely showcases its cultural traditions in Japan — from national cuisine and traditional garments to music and dance. Such exchanges form a unique basis for friendship between the two nations, fostering mutual respect and strengthening long-term cooperation.
Modern cultural projects have become the hallmark of humanitarian dialogue. In April 2022, Tokyo hosted the vibrant event “Spirit of the Silk Road — Bridge of Friendship,” and in 2024, the Japanese ensemble “Japanese Pearl” won third place at the traditional Boysun Bahori festival.
Education is one of the most rapidly developing areas of humanitarian cooperation. More than 2,500 students study Japanese language across seven universities in Uzbekistan. The Uzbek–Japanese Center for Human Resource Development operates in the country, the Japan Development Scholarship (JDS) program is being implemented, and joint projects are carried out with the universities of Tokyo, Nagoya, Tsukuba, Keio, and Toyohashi. Over 400 Uzbek students have received JDS scholarships, and about 2,500 specialists have undertaken internships in Japan. Exchange programs and faculty visits are active, and university rector forums are held.
Joint scientific research is being conducted in ancient history, archaeology, oriental studies, agriculture, and climate processes.
Japan provides financial and technical support to the development of healthcare in Uzbekistan. More than USD 60 million has been allocated for equipping medical facilities, training specialists, and supplying vaccines. Over 100 Japanese volunteers have worked in Uzbekistan, and more than 200 Uzbek medical professionals have completed internships in Japan.
Interregional diplomacy occupies an increasingly important place in bilateral relations. Sister-city partnerships have been established between Rishtan and Maizuru, Tashkent and Nagoya, and Samarkand Region and Nara Prefecture. Within this framework, Samarkand Days are regularly held in Japan, alongside cultural events in Nagoya.
Growing interest among Japanese visitors in Uzbekistan’s culture and history is stimulating cooperation in the tourism sector. The number of Japanese visitors to Uzbekistan continues to rise, facilitated by expanded air connectivity, active promotion of cultural tourism, and improved infrastructure.
Particular interest is drawn to Uzbekistan’s Buddhist heritage sites — Kara-Tepe, Fayaz-Tepe, Dalverzin-Tepe, and the temple complexes of Termez and its surroundings. Thanks to the research of Japanese scholars, these monuments have gained international recognition and attract visitors and experts from around the world.
Another vivid example of Japanese public interest in Uzbekistan was the success of the Uzbek pavilion, “Garden of Knowledge: Laboratory of the Future Society,” at EXPO 2025 in Osaka. Uzbekistan’s national pavilion was recognized as one of the most remarkable exhibits and was awarded a Gold Medal. The world premiere of the National Symphony Orchestra of Uzbekistan’s performance “Celestial Dance,” dedicated to bilateral friendship, captivated Japanese audiences.
The Central Asia–Japan Dialogue, whose first leaders’ summit President Mirziyoyev will attend during his visit, is a format that fully aligns with Uzbekistan’s regional priorities and reflects the growing political consolidation of Central Asian states.
The initiative to establish the Dialogue was first proposed by Japan’s Foreign Minister Yoriko Kawaguchi during her visit to Tashkent on 24 August 2004. The priority goals identified at the time included ensuring peace and stability in the region, supporting reforms and social development, strengthening intra-regional ties, enhancing Central Asia’s partnership with neighboring regions and the international community, and cooperating on pressing regional and global issues.
Today, the Dialogue has evolved into a stable platform for trusted interaction and discussions on sustainable development.
To provide the format with practical substance, regular working meetings of senior officials, sectoral expert consultations, and Tokyo Intellectual Dialogues are held. In recent years, the Economic and Energy Dialogues at the ministerial level, conducted in Tokyo in 2023–2025, have become particularly significant.
Infrastructure assistance has always been one of Japan’s priorities within the Dialogue. Japanese organizations such as JICA and Japan Bank for International Cooperation (JBIC) systematically participate in modernizing transport corridors, logistics hubs, roads, engineering facilities, airports, and rail infrastructure. These projects significantly increase regional connectivity and strengthen Central Asia’s role as a key bridge between East Asia, the Middle East, and Europe.
Japan, a global leader in digitalization and automation, actively shares its expertise with the countries of the region. For Uzbekistan, this cooperation is especially important: the country is rapidly developing its IT sector, creating IT parks and technology parks, launching digital economy programs, and attracting Japanese experts for training national specialists.
Given Japan’s long-standing leadership in environmentally sustainable development and energy-efficient technologies, environmental cooperation is also a central element of the partnership.
As the most populous country in the region and a major transport and logistics hub, Uzbekistan plays a central role in shaping the agenda of the Dialogue. In recent years, Uzbekistan has contributed significantly to strengthening the practical content of cooperation by initiating new projects across various fields.
Over the past two decades, the Dialogue has proven itself as a stable and in-demand mechanism of partnership that allows the countries of the region and Japan to build systematic cooperation across a wide range of areas.
Thus, the upcoming visit of President Shavkat Mirziyoyev to Japan and his participation in the Central Asia + Japan Summit will deepen both bilateral and multilateral political dialogue, expand economic and investment cooperation, and strengthen educational and scientific ties. Undoubtedly, the active efforts of the President to expand mutually beneficial partnerships will once again confirm Uzbekistan’s commitment to regional integration and open, constructive international dialogue.
The Center for Economic Research and Reforms (CERR) examines the prospects for expanding trade, economic and investment cooperation between Uzbekistan and Serbia.
As Uzbekistan broadens its economic engagement with Europe, new avenues for cooperation are emerging. Serbia is becoming one of these promising directions, with its strategic location offering Uzbek businesses additional opportunities to access markets across Central and Southeastern Europe.
For Serbia, closer cooperation with Uzbekistan provides access to Central Asia’s growing market as well as new manufacturing and investment opportunities. This complementarity creates considerable scope for taking bilateral economic relations well beyond their current level.
A New Stage in Economic Relations
Economic ties between Uzbekistan and Serbia have gained significant momentum in recent years. In April 2023, Serbia’s First Deputy Prime Minister and Minister of Foreign Affairs Ivica Dacic paid an official visit to Uzbekistan.
A major milestone came with the first official visit of Serbian President Aleksandar Vucic to Uzbekistan on October 28–31, 2025. Following talks in Tashkent, the two countries signed an Agreement on the Reciprocal Promotion and Protection of Investments and an Agreement on Economic Cooperation.
These agreements established a stronger institutional framework for investment projects and more systematic cooperation between businesses in the two countries.
In May 2026, during a visit by Serbian Foreign Minister Marko Duric, the two sides continued discussions on expanding trade and industrial cooperation. Mechanical engineering, pharmaceuticals, the chemical industry, agriculture and a number of other sectors were identified among the most promising areas.
The economic rationale for closer cooperation is closely linked to the geographical positions of the two countries and their ability to provide access to broader regional markets.
Serbia lies at the heart of the Balkans, connecting the markets of Central and Southeastern Europe. Uzbekistan, meanwhile, has the largest consumer market in Central Asia and a rapidly expanding industrial base.
This economic complementarity creates opportunities that extend well beyond bilateral trade. For Uzbek businesses, Serbia can serve as a gateway to European markets through the Balkans. For Serbian companies, Uzbekistan offers a platform for expanding their presence across Central Asia.
Trade Is Gaining Momentum
Trade between Uzbekistan and Serbia has expanded rapidly in recent years. Between 2016 and 2025, bilateral trade increased almost ninefold, from $1.4 million to $12 million.
In 2025, Uzbekistan exported $0.9 million worth of goods and services to Serbia, while imports from Serbia exceeded $11 million.
The composition of trade highlights the different nature of the two countries’ supplies.
Food products accounted for the largest share of Uzbekistan’s exports to Serbia at 47%, followed by manufactured goods at 23.8%, services at 20.8%, chemical products at 4.8%, crude materials excluding food at 2.4%, and mineral fuels and lubricants at 1%.
Serbian exports to Uzbekistan, by contrast, are predominantly industrial in nature. Machinery and transport equipment accounted for 50% of imports, followed by chemical products at 20.1% and manufactured goods at 16.8%. Food products represented 4.8%, miscellaneous manufactured articles 4.2%, services 2.6%, and crude materials excluding food 1.5%.
Together, machinery and transport equipment, chemical products and manufactured goods account for 87% of Serbian supplies to Uzbekistan. This predominantly industrial structure creates a solid foundation for developing deeper production cooperation between companies in the two countries.
In 2026, nine enterprises with Serbian capital were operating in Uzbekistan. The cumulative volume of foreign direct investment and loans attracted from Serbia between 2016 and 2025 amounted to $2.2 million.
The next stage of bilateral cooperation could therefore involve a transition toward more sophisticated forms of economic engagement, including contract manufacturing, localization and joint investment projects.
From Trade to Industrial Cooperation
The greatest potential for further cooperation lies in expanding production and investment links between companies in the two countries.
Particularly promising areas include light industry, pharmaceuticals, mechanical engineering, electrical engineering, the chemical industry and energy. Opportunities in these sectors include placing manufacturing orders with Uzbek enterprises, localizing production, producing components and implementing joint projects.
Infrastructure represents another promising area. Uzbekistan’s potential participation in railway projects in Serbia is currently being explored. Such cooperation could enable Uzbek companies to expand exports of engineering and construction services and gain experience in implementing projects in European markets.
Serbian companies, in turn, could broaden their participation in infrastructure and industrial projects in Uzbekistan.
Stronger production linkages between enterprises could also increase the involvement of local suppliers from both countries in international value chains.
The new institutional framework, together with investment initiatives and growing industrial cooperation, creates the conditions for bilateral economic relations to move toward a broader and more diversified model.
The Balkan direction could thus become an important route for expanding the presence of Uzbek businesses in Europe, while Uzbekistan could serve as a platform for Serbian companies seeking to establish a long-term presence in Central Asia.
As production ties deepen, companies from Uzbekistan and Serbia may also gain new opportunities to jointly enter third-country markets.
Khurshed Asadov,
Deputy Director of Center for Economic Research and Reforms
The text of the article is in Uzbek!
Cultural ties between Uzbekistan and Tajikistan are among the key factors bringing the two countries closer together. This cooperation continues to strengthen the historical, spiritual, and cultural affinity between the two peoples. In recent years, collaboration in the cultural sphere has entered a new phase and become more active through a growing number of festivals, concerts, film events, and theatre tours.
At the same time, the sincere and warm relationship between the leaders of the two states further reinforces this cooperation. Mutual visits by the heads of state, their joint participation in cultural events, and initiatives aimed at supporting culture and the arts deepen friendship and mutual respect between the two nations and give fresh momentum to cultural cooperation.
The legal foundation for cooperation in the cultural sector is the Agreement between the Government of the Republic of Uzbekistan and the Government of the Republic of Tajikistan on deepening cooperation in the fields of culture, science, education, tourism, and sport, signed on 16 January 1994, as well as the Cultural Cooperation Programme for 2024–2026 adopted by the two countries’ ministries of culture. These documents have created a solid legal framework for developing cultural ties and implementing joint projects.
Today, cultural cooperation between Uzbekistan and Tajikistan is expanding across multiple areas. Cultural forums, festivals, joint concert programmes, theatre tours, and film days are held on a regular basis. Over the past four years, the Minister of Culture of Uzbekistan and his deputies have visited Tajikistan 11 times, while the Minister of Culture of Tajikistan and his deputies have made 8 visits to Uzbekistan. This clearly demonstrates the steady development of cultural relations between the two states.
A number of major cultural events have also been organised within the partnership. “Days of Uzbek Culture” have been held repeatedly in Dushanbe, while “Days of Tajik Culture” have taken place in Tashkent. In addition, concert programmes titled “Friendship Evening” were staged in both countries, with the participation of the two nations’ leaders.
Representatives of Tajikistan also take an active part in international festivals held in Uzbekistan. In particular, Tajikistan’s “Lola” dance ensemble won an award at the International Dance Festival “Lazgi,” while a soloist of the Tajik National Conservatory achieved a high result at the International Maqom Art Forum. This reflects the cultural harmony between the two peoples and the tangible outcomes of cooperation.
Joint initiatives are also being implemented in the film industry. Specifically, the Cinematography Agency of the Republic of Uzbekistan and Tajikistan’s state institution “Tojikfilm” signed a memorandum to produce the feature film “Starry Sky: Jami and Navoi.” The film has been produced, and editing work is currently under way. Furthermore, in 2024 Tajikistan hosted the “Days of Uzbek Cinema,” and in 2025 Tashkent hosted the “Days of Tajik Cinema.”
One of the major cultural events of 2025 was the celebration of Navruz in the city of Khujand (Tajikistan). The leaders of Uzbekistan, Kyrgyzstan, and Tajikistan took part, and a joint concert featuring artists from all three countries was organised. In addition, Uzbek theatre companies toured in Dushanbe, while Tajik performers took part in international music festivals held in Tashkent.
The Minister of Culture of Tajikistan also participated in the first meeting of Central Asian Ministers of Culture, where issues related to further strengthening regional cultural cooperation were discussed.
Looking ahead, a number of new initiatives are planned to broaden cultural cooperation. These include holding the “Days of Tajik Culture and Cinema” in Uzbekistan, organising the “Friendship Evening” concert programme, arranging theatre tours, and hosting the three-generation gathering “Navro‘zi olam.” It is also planned to sign a new programme of cultural cooperation activities for 2026–2027.
In conclusion, cultural cooperation between Uzbekistan and Tajikistan continues to develop steadily, reinforcing friendship and mutual understanding between the two peoples.
The development of trade and economic cooperation between Uzbekistan and Belarus, expansion of bilateral trade, enhancement of export potential, and strengthening of investment ties remain among the key priorities of economic relations between the two countries. Consistent efforts undertaken in this direction are contributing to the diversification of export markets, improvement of logistics chains, and expansion of cooperation between the business communities of both nations.
Against this backdrop, the Belagro–2026 International Agricultural Exhibition and Fair, one of the largest international events in the agricultural sector, was held in Minsk, Republic of Belarus, from 1 to 6 June 2026. An official delegation of the Republic of Uzbekistan participated in the exhibition, holding a series of meetings and negotiations focused on expanding trade and economic cooperation, increasing exports, strengthening investment partnerships, and implementing joint projects in the agricultural sector.
Within the framework of the exhibition, the National Pavilion of Uzbekistan, organized by UZAGROSTAR HOLDING, showcased a wide range of agricultural and food products produced in Uzbekistan. The pavilion was visited by Rahmatulla Nazarov, Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to the Republic of Belarus; Yuriy Shuleyko, Deputy Prime Minister of the Republic of Belarus and other officials. During the visit, the parties discussed the quality and export potential of Uzbek agricultural products, as well as their prospects in the Belarusian market.
The exhibition also served as a platform for meetings with leading Belarusian retail chains, importing companies, and wholesale market operators. Discussions focused on establishing systematic supplies of Uzbek agricultural products to Belarus, expanding the range of exported goods, increasing bilateral trade volumes, and strengthening direct cooperation between Uzbek exporters and Belarusian importers.
In particular, meetings with the management of the Noviy Lebyajiy wholesale market in the Minsk district explored opportunities for exporting fresh fruits, vegetables, and processed agricultural products under long-term contracts, establishing sustainable B2B partnerships, and creating dedicated trading areas for Uzbek producers.
Special attention was also devoted to cooperation in the livestock sector. Following negotiations with the Belarusian organization Belplemjivobyedineniye, a cooperation agreement was signed to supply high-yield pedigree cattle to entrepreneurs in the Samarkand region of Uzbekistan. The agreement represents a practical continuation of ongoing efforts aimed at improving breeding programs and increasing livestock productivity.
Furthermore, the delegation visited the Ozerco-Logistik trade and logistics center in the Minsk district to study Belarus's experience in developing logistics and customs infrastructure. The visit provided valuable insights into international cargo storage and redistribution, digital logistics systems, and customs clearance procedures, creating new opportunities for exchanging best practices in export logistics.
In the area of investment cooperation, a meeting with the leadership of the Mogilev Regional Executive Committee resulted in the signing of a Memorandum of Understanding between MARAQAND MEAT LLC of Uzbekistan and the Mogilev Regional Executive Committee on establishing a modern livestock production complex in Belarus. The memorandum establishes a legal framework for expanding bilateral investment cooperation and implementing joint projects in the agro-industrial sector.
The Uzbek delegation also visited advanced agricultural enterprises in the Vitebsk region, where they exchanged experience on the development of intensive livestock farming, efficient farm management, strengthening the feed base, introducing digital agricultural technologies, and implementing joint investment projects.
As a result of the visit, the parties reached a number of agreements aimed at expanding exports of Uzbek agricultural products to the Belarusian market, strengthening cooperation between exporters and importers, improving logistics routes, establishing imports of pedigree cattle, and implementing joint investment projects.
In January, growth in the business climate was mainly driven by an outpacing increase in the expectations component. The agricultural sector and services became the key drivers of business confidence.
The Center for Economic Research and Reforms (CERR) presented the results of its business climate analysis based on monthly surveys of entrepreneurs across the republic. Based on the collected data, a composite Business Climate Indicator was formed, reflecting both current assessments of business conditions and expectations for the next 3 months.
Dynamics of Uzbekistan’s Composite Business Climate
In January of the current year, Uzbekistan’s composite Business Climate Index stood at 64 points (on a scale from −100 to +100), which is 23% higher than the level of 2025.
The improvement in the business climate was primarily driven by stronger assessments of the current business situation, which increased by 28%.
An additional contribution came from improved optimism regarding short-term business prospects. In particular, business expectations rose by 20%.
According to the survey, 22% of enterprises increased their number of employees. At the same time, 71% of respondents expect demand for their products to grow over the next three months, compared to about 60% in the same period last year.
The share of enterprises forecasting an increase in employment in the coming quarter rose to 65%, up from 58% a year earlier.
Sectoral Dynamics of the Business Climate Index
In sectoral terms, an improvement in the business climate compared to last year was observed in construction, agriculture, and services.
In agriculture, the Business Climate Index increased by 62% year-on-year and reached 77 points, compared to 48 points in January 2025.
Growth was mainly supported by a significant improvement in assessments of current conditions and more favorable expectations. The current situation indicator in the sector increased 2.7 times from 27 to 72 points, while expectations grew by 17% to reach 82 points.
44% of entrepreneurs assessed the condition of their business in the sector as “good,” compared to 39% a year earlier. Growth in demand for products over the past three months was reported by 46% of enterprises versus 39% in January last year. Expectations for further demand growth in the near term remain high at 71%, compared to 68% a year earlier.
In the services sector, the business climate increased by 25% compared to January last year, reaching 65 points versus 52 points a year earlier.
Growth was driven by a gradual improvement in current business conditions. Current assessments in services rose by 18% to 52 points. At the same time, a more pronounced increase was observed in the expectations component, which grew by 32% to 79 points, indicating a substantial strengthening of companies’ confidence in short-term prospects.
70% of entrepreneurs expect demand for their services to grow over the next three months, compared to 58% in January 2025. The share of enterprises expecting to increase employment in the coming quarter amounted to 61%, up from 54% a year earlier.
In the construction sector, the business climate increased by 13% to 61 points, compared to 54 points a year earlier. The current situation indicator improved by 43% to 57 points. Expectations were formed at the level of 66 points, showing a decline of 4%.
38% of respondents reported that business conditions in construction had improved over the past three months, compared to 35% a year earlier. The share of enterprises reporting workforce growth rose to 38% from 22% a year earlier. Expectations of demand growth over the next three months were expressed by 77% of entrepreneurs, compared to 61% in January last year.
In industry, the business climate slightly declined by 5% compared to last year, while remaining at a sufficiently high level of 54 points.
At the same time, optimism among industrial enterprises remains steadily high. In January, expectations increased by 10%, reaching 78 points, indicating a continued positive outlook regarding development prospects.
According to the survey, the share of respondents reporting an improvement in business conditions over the past three months reached 32%, compared to 30% a year earlier. Demand growth over the same period was noted by 38% of industrial enterprises versus 36% in January last year. Meanwhile, employment expansion plans strengthened — 69% of entrepreneurs expect to increase their workforce in the next three months, compared to 62% a year earlier.
Barriers to Entrepreneurial Activity
According to the survey, more than half (57%) of entrepreneurs see no barriers in their activities. Among the problems cited, the most frequent are taxation (11%), utilities (9%), and access to credit (8%).
CERR Sector for the Study of Sectoral Competitiveness and Investment Activity
Tel: (78) 150 02 02 (441)
CERR Public Relations and Media Sector
Tel: (78) 150 02 02 (417)
Uzbekistan continues to strengthen its position as one of the most active hubs of cooperation between Central and South Asia. Changes in the global trade architecture, the restructuring of supply chains, and the growing importance of regional markets are increasing the significance of the South Asian direction.
South Asia, home to one of the world's largest consumer markets, substantial industrial potential, and rapidly expanding investment activity, is emerging as one of the key centers of the global economy.
Against this backdrop, Uzbekistan’s cooperation with South Asian countries is increasingly taking on a practical economic dimension. This involves the creation of sustainable mechanisms for trade, investment, and institutional cooperation capable of generating new growth opportunities for the entire region. Afghanistan occupies a special place in this process, serving as a bridge between Central and South Asia.
A practical manifestation of this transformation was the first interregional forum, the Termez Dialogue, held in May 2025 at the International Trade Center “Termez.” The forum became one of the most significant steps in implementing Uzbekistan’s initiative to strengthen connectivity between Central and South Asia, previously enshrined in a dedicated UNGA Resolution.
Discussions focused on trade and economic cooperation, investment, energy, food security, climate resilience, and Afghanistan’s integration into regional processes. The forum’s particular significance lay in its effort to establish a long-term platform for cooperation based on economic interdependence, openness, and shared development.
The decision to hold the Termez Dialogue on a regular basis effectively laid the groundwork for institutionalizing a new format of cooperation, with Termez emerging as one of the new geoeconomic platforms for engagement with South Asian countries.
Uzbekistan’s Trade with South Asia
Today, Uzbekistan is among the most active countries in the region in expanding trade, economic, and investment cooperation with South Asia.
The strengthening of interregional connectivity has been accompanied by growth in trade turnover, investment interaction, and business activity, reflecting a transition from limited cross-border cooperation to a broader model of economic integration.
Over the past 9 years (2016–2025), trade between Uzbekistan and South Asian countries increased 3.2 times, reaching $3.5 bn. Uzbekistan’s exports to the region tripled to $2 bn, while imports increased 4.1 times to $1.5 bn.
The main categories of Uzbekistan’s exports to South Asia include food products worth $976.4 mn (48.1%), mineral oils – $368 mn (18.1%), transport services – $277.8 mn (13.7%), industrial goods – $140.5 mn (6.9%), and chemical products – $134.9 mn (6.6%).
The main import categories from South Asian countries include chemical products worth $477.6 mn (32.2%), food products – $391.4 mn (26.4%), machinery and equipment – $309.1 mn (20.8%), other products – $99 mn (6.7%), and finished products – $67 mn (4.5%).
In 2025, the largest share of trade with South Asia was accounted for by Afghanistan. The predominance of Uzbek exports made Afghanistan a highly beneficial trade and economic partner, ranking first among South Asian countries in terms of Uzbekistan’s trade turnover, which reached $1.7 bn, or 47.7% of total trade with the region.
Food exports to Afghanistan amounted to $712.7 mn, while Afghanistan accounted for 75.5% of Uzbekistan’s food exports to South Asia.
Trade and economic cooperation between Uzbekistan and India has also expanded significantly in recent years. India ranked second among South Asian trading partners, with bilateral trade reaching $1.3 bn in 2025 (37.5% of total trade with the region).
India ranked second among Uzbekistan’s South Asian trading partners, with bilateral trade reaching $1.3 bn in 2025, accounting for 37.5% of Uzbekistan’s total trade with the region.
Pakistan ranked third, with trade turnover amounting to $445.9 mn, or 12.7% of Uzbekistan’s total trade with South Asia. In 2025, Uzbekistan’s exports to Pakistan consisted of food products worth $260.2 mn, industrial goods worth $21.2 mn, services worth $30.1 mn, and non-food raw materials worth $13.2 mn.
Imports from Pakistan in 2025 included food products worth $56.2 mn, chemical products worth $45.3 mn, industrial goods worth $6.4 mn, and various finished products worth $5.2 mn.
Over the past 9 years, the volume of foreign direct investment and loans attracted from South Asian countries to Uzbekistan totaled $1.3 bn, including $510 mn in 2025 alone. The largest contributions came from India ($586.7 mn) and Afghanistan ($519.2 mn).
Termez as a Hub of Interregional Connectivity
Termez occupies a special place in the development of Uzbekistan’s cooperation with South Asian countries. Located at the crossroads of Central and South Asia, the city serves as a trade, investment, and humanitarian hub connecting the two regions.
Historically, Termez played an important role in the system of interregional relations, situated at the intersection of the largest trade and civilizational spaces of Eurasia. Owing to its strategic geographic location, Termez linked India, Afghanistan, and Central Asia as early as ancient times, while during the Timurid era it was one of the region’s prominent administrative, commercial, and scientific centers.
The city’s current stage of development reflects the gradual restoration of this historical role under new geoeconomic conditions.
Since 2016, the Termez Cargo Center international logistics hub has been operating in the city, strategically located at the intersection of Afghanistan, Tajikistan, and Turkmenistan. In recent years, it has become one of the largest channels for delivering humanitarian assistance to Afghanistan through the mechanisms of the United Nations World Food Programme (WFP) and the United Nations High Commissioner for Refugees (UNHCR).
An additional impetus to regional development came with the opening of the Airitom International Trade Center in 2024, located in close proximity to the Afghan border. Today, the center is gradually evolving not only into a trading platform but also into a comprehensive geoeconomic hub bringing together logistics, business, educational, and humanitarian initiatives.
The center hosts a free trade zone with simplified business conditions for companies from South Asian countries. A visa-free regime has been introduced, transactions in foreign currencies are permitted, and entrepreneurs from Afghanistan and Pakistan have been granted the opportunity to conduct business within the complex. At the same time, social infrastructure, including educational and healthcare facilities, continues to develop.
At present, the Airitom International Trade Center covers 36 hectares, includes more than 3,000 retail outlets, and provides approximately 5,500 jobs. Since its opening, the center has been visited by more than 440,000 people, while annual exports have reached $1.2 bn.
Termez is also home to an educational institution for Afghan citizens, and a workforce development system is being expanded to support growing interregional cooperation.
In practice, Termez is becoming one of the key centers of economic interaction between Central and South Asia. The development of trade infrastructure, logistics, humanitarian projects, and business activity is strengthening economic ties between the two regions and enhancing Uzbekistan’s role in promoting interregional cooperation.
Against this backdrop, the Termez Dialogue is gaining importance as a permanent platform for aligning the long-term interests of the countries of Central and South Asia. The upcoming forum creates opportunities for advancing joint initiatives in trade, investment, food security, water resources, and sustainable development.
At the same time, the regular format of the Dialogue contributes to the development of a more sustainable model of interregional engagement based on pragmatic cooperation, economic interdependence, and the expansion of practical cooperation mechanisms between the two regions.
A New Economic Architecture of Connectivity
The significance of the Termez Dialogue extends beyond the framework of a traditional international forum. It reflects a broader transformation taking place across Eurasia, where regional connectivity, resilient supply chains, and economic cooperation are becoming increasingly important drivers of growth and stability.
For Uzbekistan, strengthening ties with South Asia represents not only an opportunity to diversify trade and investment flows but also a strategic instrument for enhancing the country’s role as a bridge between major regional markets.
The growing interconnectedness of Central and South Asia creates new opportunities for expanding trade routes, attracting investment, developing transport and logistics infrastructure, and strengthening cooperation in energy, agriculture, education, and human capital development.
Afghanistan occupies a central place within this emerging framework. Its integration into regional economic processes has the potential to transform it from a source of geopolitical uncertainty into an important transit, trade, and economic partner linking the two regions.
The development of practical cooperation mechanisms through platforms such as the Termez Dialogue may therefore contribute not only to economic growth but also to greater regional stability and long-term prosperity.
Through initiatives aimed at strengthening interregional connectivity, Uzbekistan is consistently promoting a vision of cooperation based on openness, mutual benefit, and shared development.
The experience of recent years demonstrates that expanding economic ties between Central and South Asia is no longer merely a political aspiration but an increasingly tangible economic reality supported by growing trade, rising investment flows, and expanding business engagement.
The institutionalization of the Termez Dialogue provides an important mechanism for sustaining this momentum. By bringing together governments, businesses, international organizations, and experts, the forum creates conditions for identifying common interests and developing coordinated approaches to regional challenges.
The continued development of trade infrastructure, logistics corridors, investment cooperation, and humanitarian initiatives centered around Termez further strengthens the city’s role as a gateway between Central and South Asia.
In this regard, the Termez Dialogue is evolving into a long-term platform for shaping a new model of regional cooperation – one based not on competition but on economic complementarity, interdependence, and shared prosperity.
As connectivity between the two regions deepens, Termez is increasingly positioned not only as a geographical crossroads but also as a strategic center of economic interaction capable of facilitating sustainable development across a vast part of Eurasia.
Ziyoda Rizaeva,
Center for Economic Research and Reforms