18 new energy facilities commissioned, 6 facilities are launched for construction

📅 16.12.2024

President of the Republic of Uzbekistan Shavkat Mirziyoyev on December 13 took part in a solemn ceremony dedicated to the launch of new energy capacities and the beginning of construction of a number of facilities.

These projects are part of a large-scale work aimed at strengthening the potential of the country's energy system. Last December, five solar and one wind power plants were put into operation. Many new projects were launched during the Head of State's visits to the regions.

Today, 24 projects worth more than $7 billion have been launched. In particular, in Bukhara, Navoi, Namangan and Tashkent regions, 5 solar and wind power plants with a total capacity of about 2.3 thousand megawatts, as well as 5 high-voltage substations have been connected to the network.

For the first time in Uzbekistan, an energy storage system with a capacity of 300 megawatts was created in Andijan and Fergana. A 400 megawatt power plant was put into operation in Kashkadarya, and a modern cogeneration plant was put into operation in Tashkent, and in Andijan, Surkhandarya and Tashkent regions - four small hydroelectric power plants.

In addition, construction of 6 energy facilities with a total capacity of 2.5 gigawatts has started in Fergana, Samarkand, Navoi, Tashkent regions and Tashkent city.

These new projects will generate an additional 9.5 billion kilowatt hours of electricity, save 2.5 billion cubic meters of natural gas and prevent the emission of 4.6 million tons of harmful gases in the coming years.

Most importantly, over 4 million households will be provided with uninterrupted and clean energy. 

This will also set the stage for $4 billion worth of value creation in other sectors of the economy.

In total, in 2025, our country will produce 84 billion kilowatt-hours of electricity, which is 25 billion kilowatt hours or 1.5 times more compared to 2016.

Speaking at the ceremony, President Shavkat Mirziyoyev emphasized that all these projects are implemented through foreign direct investment. Gratitude was expressed to companies from the United Arab Emirates, Saudi Arabia, Türkiye, China and Germany, as well as international institutions such as the Asian Development Bank, the Asian Infrastructure Investment Bank, the Islamic Development Bank, the European Bank for Reconstruction and Development and the World Bank for their fruitful cooperation.

Thanks to the open access of the private sector, Uzbekistan's energy sector has attracted about $20 billion of foreign direct investment over the past five years. 

Twenty-four independent energy producers have started to operate in the sector, where previously only the state was present.

In particular, large solar and wind power plants with a total capacity of 3,500 megawatts, equivalent to 10 billion kilowatt-hours, were launched in the green energy sector. This increased the share of “green energy” in the energy system to 16 percent.

As is known, last year the country's GDP reached the historic figure of $100 billion for the first time. By 2030, Uzbekistan's economy should grow to $200 billion.

This will increase the demand for electricity by 1.5 times over the next five years. In addition, under the Paris Agreement, it is planned to reduce harmful gas emissions by 35 percent by 2030.

The President outlined the priority areas of work in the energy sector.

First, 19 thousand megawatts of additional “green capacity” will be built by 2030, and the share of renewable energy will be increased to 54 percent. Already by 2025, 18 solar and wind power plants with a capacity of 3.4 thousand megawatts and energy storage systems with a capacity of 1.8 thousand megawatts are planned. This will increase green energy production to 12 billion kilowatt-hours next year. Also within two years, a large-scale project will be implemented in cooperation with private partners to create more than 2,000 small and micro-hydroelectric power plants.

Second, liberalization of the electricity market will continue. By the end of next year, it is planned to create a competitive wholesale electricity market. Public-private partnership will be introduced in the sphere of energy distribution, and $4 billion of investments will be attracted for the modernization of networks. The first project of transferring the management of regional power grids to the private sector has been developed in Samarkand region, and an international tender has been announced.

Third, the expansion of international cooperation in the field of “green energy”. Within COP-29, agreements were signed with Kazakhstan, Azerbaijan and Saudi Arabia on joint export of “green energy” to Europe. Jointly with neighboring countries a single platform has been launched to ensure the stability of the regional energy system.

Fourth, development of “green energy” as a new driver for other sectors of the economy and improvement of living standards of the population. 

Solar panels with a total capacity of 1,000 megawatts have already been installed, which makes it possible to produce 1.5 billion kilowatt-hours of electricity annually. Support for “green” initiatives will continue with the introduction of dual education for the training of specialists.

- Today's event opens a new page in the history of our country's energy sector. These projects will not only ensure economic growth, but also will create an environmentally friendly and sustainable future for our descendants - said Shavkat Mirziyoyev.

The ceremony was addressed by Minister of Energy and Infrastructure of the United Arab Emirates Suhail Mohamed Al Mazrouei, Minister of Energy and Natural Resources of Türkiye Alparslan Bayraktar and Minister of Energy of the Kingdom of Saudi Arabia Prince Abdulaziz bin Salman Al Saud.

By pressing a symbolic switch, President Shavkat Mirziyoyev launched the operation of 18 energy facilities and construction of 6 new projects.

Prospects for Cooperation Between Uzbekistan and Finland in the Field of Ecology and Sustainable Development

📅 29.10.2025

Uzbekistan and Finland possess significant potential to deepen their partnership in the areas of ecology, sustainable natural resource management, and climate change mitigation. Environmental institutions of both countries actively engage through international conferences, forums, and projects supported by international organizations and development banks.

One of the most notable examples of practical cooperation is the joint project between the Agency of Hydrometeorological Service of Uzbekistan, the Ministry for Foreign Affairs of Finland and the Finnish Meteorological Institute. Valued at USD 2 million, the project aims to strengthen Uzbekistan’s hydrometeorological capacity, train specialists in modern forecasting methods for weather and natural disasters, and enhance climate services and adaptation measures to climate change.

To further expand bilateral cooperation, the Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan has identified several priority areas that could form the basis for a future Memorandum of Understanding with Finland.

One key area of collaboration could be sustainable forest management. Over 70% of Finland’s territory is covered by forests, which account for 0.5% of global timber reserves. Studying Finland’s experience in public-private partnerships in forestry and its effective mechanisms for conserving forest ecosystems could help Uzbekistan improve its own approaches to developing green zones and protecting natural territories.

Another promising area is circular economy development. Finland was among the first countries to adopt a national “roadmap” for transitioning to circular models of production and consumption. For Uzbekistan — which is currently developing a modern waste management and recycling system — learning from Finland’s sustainable production practices would be an important step toward achieving “green” growth.

Air quality management is also an area of great interest. Finland is recognized as one of the countries with the cleanest air in the world, thanks to its advanced monitoring systems and strict environmental regulations. Adopting Finnish technologies for tracking pollutants and reducing emissions could significantly improve air quality in Uzbekistan’s urban centers.

Particular attention is also given to climate action. Finland aims to achieve carbon neutrality by 2035 and its strategies for reducing emissions and adapting to climate challenges could serve as a valuable model for Uzbekistan in implementing its own climate commitments under the Paris Agreement.

An important area of focus is scientific and educational cooperation. The Ministry of Ecology of Uzbekistan is interested in establishing partnerships between Finnish universities and the Central Asian University of Environmental and Climate Change Studies (Green University). Academic exchange programs, joint research initiatives and the development of green educational technologies will contribute to training a new generation of environmental and climate specialists in the region.

Cooperation in biodiversity conservation and protected areas management is also of high importance. Finland allocates 13.3% of its territory for these purposes and plans to expand this figure to 30% by 2030. This experience holds great value for Uzbekistan, which is actively implementing a national program to expand its network of reserves and national parks.

The signing of a Memorandum of Cooperation between the Ministry of Ecology, Environmental Protection and Climate Change of the Republic of Uzbekistan and the Ministry of the Environment and Climate of Finland would be a logical step toward strengthening this partnership. Joint initiatives between the two countries will help combine innovation and scientific expertise in pursuit of a shared goal — protecting nature, enhancing climate resilience, and building a sustainable and environmentally secure future.

 

Anvar Tursunaliyev,

Chief specialist Department of international cooperation

and rankings of the Ministry of Ecology,

Environmental Protection and Climate Change

Uzbekistan’s electoral transformation: embracing technology for a stronger democracy

📅 30.07.2024

Uzbekistan's upcoming elections for the Legislative Chamber of the Oliy Majlis (Parliament) and the Councils of People's Deputies, scheduled for October 27th, are not just a routine event. They mark a significant milestone in the nation's democratic journey, introducing groundbreaking changes that promise to transform the electoral landscape. The recent meeting of the Central Election Commission unveiled several key innovations that will ensure greater efficiency, transparency, and inclusivity, making these elections a matter of global interest.

For the first time in the nation's history, the Legislative Chamber elections will employ a mixed electoral system, combining majoritarian and proportional representation. This change means that voters will elect seventy-five deputies directly, while another seventy-five will be chosen based on party votes. This system aims to create a more balanced and representative legislature, enhancing democratic legitimacy and ensuring a broader spectrum of political voices.

One of the most notable advancements in Uzbekistan's electoral system is the full digitization of election commission activities. The introduction of the 'E-Saylov' information system is a significant leap forward, revolutionizing the election process. This digital platform not only streamlines the process, reducing bureaucracy and document handling, but also ensures a smoother, more efficient, and transparent electoral experience. It automates interactions between election commissions, political parties, candidates, observers, and the media, providing real-time statistical data, candidate information, and interactive maps. This technological leap empowers voters with unprecedented access to essential election-related information, making the electoral process more inclusive and transparent.

Inclusivity is another cornerstone of these elections. New election legislation requires political parties to ensure that at least 40% of their candidates are women, a progressive move towards gender equality in political representation. This requirement not only aligns Uzbekistan with advanced democratic standards but also enriches the political discourse by incorporating diverse perspectives.

The elections are taking place in a context where the updated Constitution has significantly enhanced the powers of parliament and representative bodies. The Legislative Chamber's powers have increased from 5 to 12, and the Senate's from 12 to 18. Parliament's oversight functions over executive, judicial, law enforcement, and special services have also been expanded. Additionally, the leadership of local Councils of People's Deputies by hokims (governors) has been abolished, transferring 33 powers previously held by hokims to local Councils to increase their role in resolving critical state issues.

The slogan "My Choice—My Prosperous Homeland" not only captures the spirit of these elections but also reflects the unwavering commitment of Uzbekistan's leadership to democratic state-building and citizen empowerment. With over 120,000 election commission members, 70,000 citizens, and numerous international observers participating, the elections are set to be a transparent and inclusive process, further demonstrating this commitment.

In conclusion, Uzbekistan is setting a remarkable precedent with its upcoming elections by embracing technological innovation and inclusivity. These initiatives will undoubtedly pave the way for a more prosperous and democratic future, showcasing Uzbekistan’s dedication to advancing democratic principles and practices.

 

Eldor Tulyakov,

The Executive Director,

Development Strategy Centre (Uzbekistan)

 

The Fergana Valley — A Space of Shared Values and Cultural Convergence

📅 17.10.2025

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:

• Strengthening regional dialogue and trust;
• Jointly ensuring stability and sustainable development;
• Unlocking the valley’s economic and investment potential;
• Promoting cultural and humanitarian ties;
• Increasing the involvement of civil society, youth, and the private sector in transformation processes.

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

Uzbekistan and Finland: An Economic Partnership Built on Technology and Trust

📅 06.11.2025

Historical Background

The history of Uzbek - Finnish relations dates back to the early 1990s, when Finland became one of the first countries to recognize the independence of the Republic of Uzbekistan - on 30 December 1991. Just two months later, on 26 February 1992, diplomatic relations were officially established, marking the beginning of a new chapter based on mutual respect, trust, and a shared commitment to technological progress.

The first high-level visits in 1992 laid the foundation for political dialogue. During that year, Uzbekistan took part in the signing ceremonies of the OSCE Helsinki Final Act and the Paris Charter. In October of the same year, Finnish President Mauno Koivisto paid an official visit to Tashkent, further consolidating the partnership. Since then, cooperation between the two countries has developed steadily across political and economic spheres.

Legal and Institutional Framework

Today, the legal framework governing Uzbek-Finnish relations comprises eight active documents, including two interstate and six intergovernmental agreements. These include the 1992 Agreements on Mutual Protection of Investments and on Trade, Economic, and Technological Cooperation, as well as treaties on air and road transport (1996 and 1997) and agreements on avoiding double taxation and on customs cooperation.

New initiatives reflecting the modern stage of partnership are under consideration - such as a draft agreement on visa exemption for holders of diplomatic passports, a memorandum on cooperation in environmental protection, and a protocol on consultations between the foreign ministries.

Cooperation Priorities: Technology, Ecology, and Innovation

Finland, recognized globally as a leader in innovation, sustainable development, and green technologies, serves as a valuable model for Uzbekistan in its transition toward a digital and energy-efficient economy.

In 2017, a business delegation of nine Finnish companies specializing in engineering, agribusiness, telecommunications, and logistics visited Uzbekistan to participate in the AgroWorld Uzbekistan international exhibition. This visit gave new impetus to direct business-to-business engagement.

In April 2019, Tashkent hosted a delegation led by Mikko Koiranen, Deputy State Secretary of Finland for Foreign Economic Relations. The delegation included 29 representatives from leading companies and organizations - such as Nokia Siemens Networks, ABB, Wärtsilä, Uponor Infra, Tikkurila, ISKU, and Airbus Defense and Space. Discussions focused on implementing Finnish technologies in Uzbekistan, joint energy and raw material processing projects, and opportunities in smart cities and water management.

Later, in November 2019, Antti Koskelainen from the Finnish export credit agency Finnvera visited Tashkent, marking an important step toward deeper financial and investment cooperation. Meetings with the Ministry of Investment, Industry and Trade, the Ministry of Finance, and the Agency for State Asset Management addressed mechanisms for crediting and insuring Finnish export operations in Uzbekistan.

Trade: A Threefold Growth in One Year

Economic cooperation between Uzbekistan and Finland continues to expand. The two countries enjoy Most-Favored-Nation trade status, and regular meetings of the Joint Intergovernmental Commission on Trade, Economic, and Scientific-Technical Cooperation (five sessions to date, the latest held in Tashkent in February 2023) ensure a dynamic dialogue.

Trade turnover has shown remarkable growth in recent years: from USD 48.45 million in 2020 to USD 151.7 million in 2024 - an increase of over threefold. This upward trend reflects intensified business ties and growing interest among Finnish companies in the Uzbek market.

Investment and Business Cooperation

Finland is viewed in Uzbekistan not only as a trading partner but also as a source of innovation and investment. Currently, 14 enterprises with Finnish capital operate in Uzbekistan - four joint ventures and ten with 100% foreign ownership - active in sectors such as electronics, software, energy, agriculture, food processing, chemicals, and telecommunications equipment.

Finnish businesses are showing strong interest in renewable energy, waste recycling, eco-construction, water management, and sustainable agriculture. Uzbekistan, in turn, offers attractive conditions for investors - tax incentives, developed industrial infrastructure, and access to a 75-million-strong Central Asian market.

Finland’s Economic Potential: Opportunities for Partnership

Finland is one of Europe’s most advanced and innovative economies, known for its high living standards, sound macroeconomics, and strong industrial base. In 2024, its GDP exceeded USD 320 billion, with GDP per capita around USD 58,000. The economy is well-balanced, with services accounting for over 70%, industry 27%, and agriculture 2.5%. Inflation remains one of the lowest in Europe - around 3% - ensuring a stable and predictable business environment.

For Uzbekistan, cooperation with Finland opens wide-ranging opportunities for industrial, investment, and technological partnership, including:

• Energy: joint projects in renewable energy, smart grids, and energy storage; development of solar panel and wind equipment manufacturing.
• Water and Environment: Finnish expertise in water purification, waste processing, and efficient water management, particularly relevant for agriculture and urban infrastructure.
• Engineering and Electronics: creation of joint ventures in industrial equipment, automation systems, and telecommunications.
• Construction and Green Materials: Finnish participation in energy-efficient building projects, production of eco-friendly insulation and finishing materials, and smart home systems.
• Education and Science: joint engineering and IT education programs, establishment of research laboratories, and introduction of dual education models based on Finnish experience.
• Agro-Industry: cooperation in precision farming, agricultural digitalization, and production of eco-friendly export-oriented goods.

Finland’s experience in sustainable development and digital transformation makes it a strategic partner for Uzbekistan’s “green economy” agenda and industrial modernization. At the same time, Uzbekistan - with its abundant natural resources, young workforce, and expanding domestic market - offers Finnish companies favorable conditions for localization and regional expansion.

A Look Ahead

The partnership between Uzbekistan and Finland goes beyond traditional economic cooperation. It stands as an example of how innovation and sustainability can form the foundation of long-term, mutually beneficial relations. Joint projects in digitalization, green energy, and education are paving new avenues for the exchange of expertise, technologies, and investments.

Finland regards Uzbekistan as a reliable partner in Central Asia, while Uzbekistan views Finland as a strategic ally in advancing its “smart growth” model and building a knowledge-based economy.

The synergy between Finland’s pragmatic northern experience and Uzbekistan’s dynamic eastern development creates a powerful foundation for further strengthening bilateral relations - grounded in trust, innovation, and mutual respect.

 

Over the past 8 years, New Uzbekistan has absorbed over 113 billion dollars of foreign investments

📅 18.08.2025

On the eve of the 34th anniversary of our country's independence, the Executive Board of the International Monetary Fund has finalised the 2025 consultations in accordance with Article IV of the IMF Agreement. The main conclusion on the essence of the ongoing reforms is positive prospects for Uzbekistan's economic development against the backdrop of continued progress in the transition to a market economy. According to the published document, economic indicators remain strong, including sustainable growth rates, reduction of the consolidated budget deficit, current account deficit and sufficient level of international reserves.

Successful and effective implementation of structural reforms, according to the Fund's specialists, allows us to conclude that the prospects are favourable. Against the background of a high degree of uncertainty in global trade policy, the IMF baseline scenario predicts that real GDP growth will remain stably high in the coming years. Such trends are the result of economic openness, industrialisation, active investment policy and support for the formation of export potential of promising industries.

The set of reforms and effectively implemented decisions is consistent with available internal resources and reserves for long-term sustainable development of the country and regions. The course towards irreversible market transformations makes it possible to skilfully combine the instruments of targeted state support and opportunities for entrepreneurial initiative on the way to building a New Uzbekistan.

In recent years, as a result of openness and growing confidence in our country, there has been a progressive increase in capital investment. In 2017-2024, the total volume of foreign investment absorbed exceeded $113 billion. Foreign direct investment and loans account for more than 80 per cent of them. Activity in attracting finance is observed in the leading industries and the fuel and energy complex, which has a corresponding impact on the acceleration of industrialisation processes in almost all regions.

Increasing investment cooperation with China, Russia, Germany, Turkey, Saudi Arabia, the Netherlands, the USA, the UK and other countries is becoming a source of attraction of advanced technological solutions and expertise, management methods, localisation of production and strengthening the export potential of promising industries and regions of Uzbekistan. Attracted resources are mainly invested in the technological re-equipment and modernisation of existing production facilities and the creation of new production facilities that did not exist before.

Over the past eight years, investment programmes have launched more than 96,000 projects worth about $100 billion, creating 1.8 million jobs. In 2024, compared to 2017, the value of investment projects put into operation increased almost eightfold, and the number of jobs grew 2.6 times.

We emphasise the factor of active involvement of our Head of State in this process. As a result of visits and top-level events, 366 investment agreements worth $75 billion have been reached since the beginning of this year. In particular, this year road maps have been approved for 222 investment projects worth about $45 billion.

Within the framework of the IV Tashkent International Investment Forum (June this year), agreements were reached on investments worth more than $30 billion (for the implementation of 144 joint projects). In April 2025, on the margins of the 5th International Industrial Exhibition "INNOPROM. Central Asia", held in Tashkent, within the framework of the 43 investment agreements reached, it is planned to attract an additional billion dollars to the industrial sector of the country.

In recent years, there has been an active practice of holding events to inform the international community about opportunities for the implementation of joint projects. Thus, this year, forums were held in 13 foreign countries as part of the Investors' Day of Uzbekistan, attended by representatives of 700 well-known foreign companies. More than 200 investment projects worth six billion dollars were presented to potential partners.

Among the important elements of Uzbekistan's modern industrial policy is localisation of production of high quality and competitive products, reduction of imports of finished goods and components. In accordance with the Localisation Programme, which included about 10 thousand projects, almost 300 trillion soums worth of products have been produced over the period 2020-2024. This led to import substitution in the amount of about $25 billion. The Localisation Programme allowed the creation of new production facilities for previously imported goods, contributed to changing the sectoral structure of industry and reducing dependence on external supplies by expanding the range of products and services.

THE NUMBER OF EXPORTERS IS GROWING

The formation of an export orientation has become one of the main conditions for success in implementing the plans outlined for Uzbekistan's industrialisation. Over 2017-2024, the total volume of exports exceeded $132 billion. It is noteworthy that the average annual growth rate of the country's exports over the period was 12-23 per cent. As a result of systematic and targeted support for exporters, the geography of exports of domestic products expanded by 55 states in 2024 and reached 186 countries over the past eight years. Last year, the number of exporting enterprises increased by 3,143 and their total number totalled 7,343.

Only due to the increase in the share of exports of higher value-added products in 2024, shipments to foreign markets increased by a billion dollars. Entering new promising markets, in turn, requires a significant improvement in the quality of manufactured products and their compliance with international standards. As part of the GSP+ programme, we implemented a set of organisational and technical measures to obtain Global G.A.P., Organic, OEKO-Tex, BSCI, CE marking certificates for our products and transition to ISO standards at more than five thousand enterprises. This made it possible last year alone to provide additional exports of 617 types of products worth $1.4 billion to the European Union.

Transition to more demanding standards and technological processes makes it possible to achieve the goals of producing and selling products of a completely different quality in new markets. Export supplies of goods to developed countries confirm the correctness of the chosen strategy, demonstrating its undeniable results. For example, due to the expansion of export geography and correct response to the conjuncture, the selling prices of Uzbekistan's fruit and vegetable products last year increased by an average of 14 per cent.

The industrial trend of economic development, having ensured a technological leap in a number of sectors, has had a significant impact on the evolution of the commodity nomenclature of exports. Quite recently, Uzbekistan was associated as a country with a monoculture of cotton, and its products were practically the sole leader of exports with absolute dominance of raw materials. In this regard, according to IMF experts, there is a decline in the share of cotton fibre exports from 0.2 per cent of GDP to zero from 2021 in the long term. Today Uzbekistan exports more and more high-tech products, and by 2024 its nomenclature has reached four thousand items.

For example, compared to 2017, exports of primary goods fell by 22 per cent last year, while the share of exports of finished goods increased 3.3 times, semi-finished goods - 4.4 times, and exports of services increased 2.9 times. At the same time, the transition to advanced processing of cotton contributed to the doubling of exports of garment and knitwear products to one billion dollars. This allowed our country to become the second supplier of textile products in the Russian market.

Domestic products are becoming a recognisable national brand, enjoying trust and popularity among foreign consumers. Last year, the goods of about 300 Uzbek enterprises received registration on the well-known electronic commercial platforms Alibaba, Wildberries and Ozon. As a result, sales of our companies reached $680 million.

At the end of the first half of 2025, the volume of exports grew by 33 per cent year-on-year and approached $17 billion. Since the beginning of the year, 1,557 domestic companies have been added to the exporters, accounting for $650 million in shipments.

The steady trend away from raw material exports towards finished high-tech products and services (tourism, transport, construction, IT and others) continues.

INVESTMENT DIALOGUE

It should be noted that our country is building and effectively operating an institutional environment to address strategically important issues of industrial development with a clear export orientation by attracting foreign capital. For this purpose, the relevant ministry and state agencies responsible for this complex of issues, as well as organisations promoting interaction between the state and the private sector have been established.

The Council of Foreign Investors under the President of the Republic of Uzbekistan is an institutional platform for direct dialogue between the government and investors (including international financial institutions). The Council's work as an advisory and consultative body effectively promotes the attraction of foreign direct investment in priority sectors of the economy and the organization of quality business dialogue, taking into account international best practices.

The Council operates under the patronage of the President of Uzbekistan, who personally attends meetings of this body. In order to organise systematic work on attracting investments, the relevant decree of the leader of the country was adopted to implement the agreements reached at the last meeting of the Council. The document also implies ensuring the systematic implementation of initiatives and proposals put forward by the participants of the meeting, as well as measures to improve the activities of the Secretariat of the Council of Foreign Investors.

In parallel with the formation of an effective institutional environment, consistent work is being done to improve the legislative framework to ensure advanced industrial development, intensify investment processes and expand the export potential of industries and regions of the country. This process is under the close attention and direct involvement of Uzbek parliamentarians. As a result, in recent years more than 500 functions of the State in regulating business have been abolished, and about 70 functions have been transferred to public-private partnerships and outsourced to the private sector. Seventy-two types of licensed activities and 40 permits have been legally abolished to improve the business climate and simplify the business environment.

POSITIVE ASSESSMENT

These transformations are positively assessed by foreign rating agencies and organisations. Thus, according to the Index of Regulatory Restrictions on Foreign Direct Investment (Organisation for Economic Development and Cooperation), our country has the best rating among the Central Asian region. This year, the country's performance on the Heritage Foundation's Index of Economic Freedom, the indicators ‘Freedom of Trade’ and ‘Freedom of Investment’ has improved considerably.

Let us return to the assessment of the prospects of dynamics and effectiveness of reforms based on the results of the recent IMF consultations with Uzbekistan in accordance with Article IV of the IMF Agreement. According to the Fund's outcome document, the opportunities arising from accelerated structural reforms, increased income and capital inflows, and favourable commodity price dynamics are positive for Uzbekistan's sustainable development.

Analysis of industrialisation indicators, investment activity and expansion of export indicators testifies to the real effectiveness of the ‘Uzbekistan - 2030’ Strategy and a set of accompanying measures to strengthen the country's economic potential and international standing. This, in turn, becomes a demonstration of the irreversibility of reforms aimed at building an independent New Uzbekistan.

 

Deputy of the Legislative Chamber

of the Oliy Majlis of the Republic of Uzbekistan,

Doctor of Economic Sciences, Professor Durbek Akhmedov

UZBEKISTAN’S ELECTORAL TRANSFORMATION: EMBRACING TECHNOLOGY FOR A STRONGER DEMOCRACY

📅 26.07.2024

Uzbekistan's upcoming elections for the Legislative Chamber of the Oliy Majlis (Parliament) and the Councils of People's Deputies, scheduled for October 27th, are not just a routine event. They mark a significant milestone in the nation's democratic journey, introducing groundbreaking changes that promise to transform the electoral landscape. The recent meeting of the Central Election Commission unveiled several key innovations that will ensure greater efficiency, transparency, and inclusivity, making these elections a matter of global interest.

For the first time in the nation's history, the Legislative Chamber elections will employ a mixed electoral system, combining majoritarian and proportional representation. This change means that voters will elect seventy-five deputies directly, while another seventy-five will be chosen based on party votes. This system aims to create a more balanced and representative legislature, enhancing democratic legitimacy and ensuring a broader spectrum of political voices.

One of the most notable advancements in Uzbekistan's electoral system is the full digitization of election commission activities. The introduction of the 'E-Saylov' information system is a significant leap forward, revolutionizing the election process. This digital platform not only streamlines the process, reducing bureaucracy and document handling, but also ensures a smoother, more efficient, and transparent electoral experience. It automates interactions between election commissions, political parties, candidates, observers, and the media, providing real-time statistical data, candidate information, and interactive maps. This technological leap empowers voters with unprecedented access to essential election-related information, making the electoral process more inclusive and transparent.

Inclusivity is another cornerstone of these elections. New election legislation requires political parties to ensure that at least 40% of their candidates are women, a progressive move towards gender equality in political representation. This requirement not only aligns Uzbekistan with advanced democratic standards but also enriches the political discourse by incorporating diverse perspectives.

The elections are taking place in a context where the updated Constitution has significantly enhanced the powers of parliament and representative bodies. The Legislative Chamber's powers have increased from 5 to 12, and the Senate's from 12 to 18. Parliament's oversight functions over executive, judicial, law enforcement, and special services have also been expanded. Additionally, the leadership of local Councils of People's Deputies by hokims (governors) has been abolished, transferring 33 powers previously held by hokims to local Councils to increase their role in resolving critical state issues.

The slogan "My Choice—My Prosperous Homeland" not only captures the spirit of these elections but also reflects the unwavering commitment of Uzbekistan's leadership to democratic state-building and citizen empowerment. With over 120,000 election commission members, 70,000 citizens, and numerous international observers participating, the elections are set to be a transparent and inclusive process, further demonstrating this commitment.

In conclusion, Uzbekistan is setting a remarkable precedent with its upcoming elections by embracing technological innovation and inclusivity. These initiatives will undoubtedly pave the way for a more prosperous and democratic future, showcasing Uzbekistan’s dedication to advancing democratic principles and practices.

Eldor Tulyakov,

The Executive Director,

Development Strategy Centre (Uzbekistan)

 

President of Mongolia to pay state visit to Uzbekistan

📅 22.06.2024

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.

The awakening lion: the era of renewal

📅 20.08.2024

Hey, great Turan, land of lions!
What has become of you? What are these days you endure now?
Oh, glorious cradle of Genghis, Timur, Oghuz, and Attila!
Where have the esteemed seats you once held gone?..
Abdurauf Fitrat
An American politician once said of the current life and fate of the Central Asian region: ‘They are neither post-Soviet nor post-communist countries now’.
Today no specialist knowledge is needed to understand this idea, which suggests that such labels are outdated in the research community. For example, ten to fifteen years ago the political behaviour of Central Asian societies – neighbours for thousands of years – was prone to national separatism, mutual dislike and latent hostility, but today they have undergone a remarkable transformation. Ideologues and ordinary Central Asians only a couple years ago endeavoured to prove their superiority, their antiquity and, for these very reasons, their greater belonging to the historical and cultural heritage of the region. Though they still might hurl some sharp insults at each other, now they have become united neighbours.
Every day we see and hear of events that illustrate this unity and provide concrete evidence of it. Meanwhile, as already noted, some latent and outdated policies of these neighbouring countries towards each other still attempt to turn the common cultural heritage of the region into a language of hatred.
As a result of Soviet nationalisation and post-Soviet ideologisation, these five states in the Eurasian centre, the land that once founded great empires and was famous throughout the world, unfortunately turned away from one another after gaining independence. This, in turn, allowed the region to remain a geopolitical object for the modern world’s empires.
At this moment, I do not intend to delve into the geopolitical picture of the region and its current situation. I would like to share my brief thoughts on the bold steps and the international image of what Uzbek leadership is calling ‘New Uzbekistan’. The country is transforming day by day and now has the ability to directly influence regional processes.
These joyful events have made me take up my pen.

August 2024 began with good news. That month’s two important events to which I would like to draw attention, are related to the growing role of New Uzbekistan in world politics, culture, and modern history. These were the state visit of the President of Uzbekistan to Kazakhstan and his participation in the Consultative Meeting of the Heads of Central Asian States in Astana, as well as the historic victory of our athletes at the Olympic Games in Paris.
True, some may argue, “Well, the President has repeatedly participated in meetings in this format, and our athletes have delivered victories commensurate with those from other countries. What’s the big deal?”
But I also have a question for such people: When did the world powers take Uzbekistan, which will soon be celebrating thirty-three years of independence, so seriously? When have this country and its long-suffering people been recognised as independent subjects of international politics? When did our country’s representative reach thirteenth place in a set of international competitions in which athletes from more than two hundred countries took part? When was the anthem of Uzbekistan played eight times at such prestigious competitions? When was our flag raised thirteen times over the winners' podium? And when else did we hear that ‘Uzbek athletes have no equal in the world!’?
Of course, no one will be able to contradict me when I say that these two factors are the worthy fruit of the hard work of our country’s president Shavkat Mirziyoyev.
I would like to say a few words about the meetings in Kazakhstan. The details of this visit vividly demonstrated the results of Mirziyoyev’s changes in regional policy, which he put into place eight years ago.
The first meeting of the Interstate Supreme Council, which took place 7-9 August 2023, was cochaired by Mirziyoyev and President of the Republic of Kazakhstan Kassym-Jomart Tokayev.
This was the first time in our history that the leaders of these two Central Asian states have met to agree on multifaceted supranational cooperation, which is recognised by the world community and international experts as one of the main locomotives of international affairs in the modern world. In the past, despite supranational general concepts such as ‘Central Asia’, ‘regional unity’ or the substanceless slogan ‘Turkestan is our common home’, the identity of the region as a whole has remained extremely blurred. The actions of Kazakhstan and Uzbekistan, the two main powers in the region, towards this end are an important step in transforming these previous abstractions into a concrete plan. We will talk about this a little later, but for now let us focus on the first meeting of the Interstate Council.
The visit hosted meetings of the Intergovernmental Commission and the Business Council, as well as a business forum, political consultations, a think tank forum and intellectual games. The organizers of the meetings also organised cinema days and other cultural events to strengthen the unity of Central Asian peoples in cultural terms as well as economic and political.
One of the most significant events of these meetings was the adoption by the leaders of the two countries of the Programme for Strategic Partnership and Allied Cooperation for 2024-2034. This document undoubtedly marks the beginning of a new stage in Uzbek-Kazakh relations of friendship and good neighbourliness.
Economic relations between the two parties have already reached record highs in recent years. As a result of previous meetings, such as economic forums and business meetings of the parties, solid agreements worth $7 billion were signed.
‘We have opened a new chapter in our multifaceted relations – we have held the first meeting of the Supreme Interstate Council. This format is an expression of the highest level of interstate cooperation and clearly demonstrates the close ties between our countries and peoples and their firm desire to strengthen cooperation in all areas,’ Mirziyoyev said at the meeting.
Of course, this unprecedented level of cooperation between the two countries did not go unnoticed by the world community and international experts. Analysts and think tanks commented widely on the details of the visit. In particular, Roy Anthony Rogers, Deputy Director of the Asia and Europe Institute at the University of Malaya (Malaysia), outlined his observations as follows:
‘Thanks to the strong historical ties and personal friendship between the leaders of Uzbekistan and Kazakhstan, the current state of Uzbek-Kazakh relations is characterised by special dynamics, a high level of mutual understanding and trust. I believe that this visit of the president of Uzbekistan to Kazakhstan is of historic significance not only for the peoples of the two countries, but also for the prosperity of the entire Central Asian region.’
Praising Uzbekistan’s policy of regional cooperation, Nasri Al Saadi, Managing Partner of Premium Construction (Qatar), focuses in his article on the sincere actions of the neighbouring countries:
‘The two leaders are committed to uniting the region and coordinating efforts through consultative meetings and the Central Asia Plus platforms, which are becoming increasingly popular mechanisms for international cooperation. They actively support each other on global and regional political issues’.
Of course, my aim is not to summarise or comment on the opinions of foreign analysts on this historic meeting. My intention is to tell you about the activities of Mirziyoyev, who is striving with equanimity and wisdom to achieve his goal of transforming Uzbekistan’s previous isolation into regional openness and is achieving great success. After all, I am always proud to be a contemporary and compatriot of a person who has glorified and continues to glorify the name of the Uzbek people and Uzbekistan.

Delegation of Latvian business representatives visited Khorezm region

📅 02.10.2024

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.

Seek reward for enlightenment. About reading books and the development of book reading in Uzbekistan

📅 22.07.2024

In today's New Uzbekistan, a lot of attention is paid to the development of reading culture and book publishing. As the head of our state says, “There will be no break in education,” in every meeting with representatives of the intellectuals, culture, literature and art, in every historical speech that sounded like an appeal to our people, he paid             special attention to the issue of studying and gaining knowledge about the fundamentals world civilization, the achievements of modern world science. He never gets tired of emphasizing the words "knowledge, knowledge, knowledge" over and over again.

President Shavkat Mirziyoyev: "Each country in the world, each nation is powerful primarily with its intellectual potential and high spirituality. It is not for nothing that he said that the source of such mighty power is the great discovery of human thinking - books and readers.

Decree of the President of Uzbekistan dated January 12, 2017 "On the establishment of a commission on the development of the system of printing and distribution of book products, the promotion of book reading and reading culture", The decision of September 13, 2017 "On the program of comprehensive measures to develop the system of publication and distribution of book products, increase and promote book reading and reading culture" together with the decision “On additional measures for the further development of the publishing and printing industry”, It is well known that great work has been done on the decisions "On further improvement of information-library services to the residents of the Republic of Uzbekistan".

On December 14, 2020, the decision of the Cabinet of Ministers of the Republic of Uzbekistan "On approval of the national program for the development and support of reading culture in 2020-2025" was adopted.

The processes of implementation of this National Program are showing positive results.

The fourth initiative put forward by our President - to raise the spirituality of young people, to widely promote reading among them - serious practical work is being carried out in our country. Young people, especially teenagers and children, are widely participating in reading contests. 

Members of the Writers' Union of Uzbekistan actively participate in events dedicated to book reading and development of reading.The Children's and Adolescent Creative Council operates under the association, master classes are regularly held by well-known poets and writers in all schools, higher and secondary educational institutions of our country.

By the Administration of the Republic of Uzbekistan in April-May of this year in order to attract students and pupils of all higher educational institutions and general education schools in our country to reading books, to raise the level of artistic literacy and educate them in the spirit of patriotism and concern for the future of our country as part of the “Sharing Enlightenment” project, 156 famous artists held meetings with writers and educational events in 202 higher educational institutions and 606 secondary schools, under their auspices. At these events, 150 works of art were recommended for reading, films and performances were shown.

During 2020-2023, the Writers' Union of Uzbekistan published 403 books in the fields of prose, poetry, playwriting, children's literature, literary studies, and artistic translation. Over the past years, our poets, writers and translators prepared 100-volume "Masterpieces of Russian Literature" and 100-volume "Masterpieces of Turkish Literature" for publication. This great project was supported by the Head of State, published and distributed to the regions.

At this point, it should be noted that the 16-volume set of books entitled "Masterpieces of Karakalpak Literature" was prepared for publication and submitted to the press by the Writers' Union of Uzbekistan.

Within the framework of the "Book campaign" project, in the first quarter of 2023, 4,679 books were sent to higher education institutions, general education schools, 14,800 books to the provinces, 50 books to the penal colony, 950 to the Ministry of Internal Affairs and Spirituality, Information and Library Centers, 500 to the State Security Service, 7,267 to event participants, book authors, 461 to newspapers and creative houses, 300 to Uzbekistan-Kyrgyz Friendship Society, 350 to neighborhoods, 134 to the Office of Muslims, More than 30 thousand 791 books were distributed indiscriminately to Uzbekistan "Veteran" Association of combatants-veterans and disabled people, 500 books to Halq Bank, and 600 books to children's camp. To date, more than 1 million books have been distributed in four years.

At the moment, the 100-volume set of books "Masterpieces of World Children's Literature" is being prepared for publication by the Writers' Union of Uzbekistan.

In 2020-2023, the first books of 87 young authors were published in tens of thousands of copies each in the "My first book" project by the Writers' Union of Uzbekistan, and presentation events were held. The books were freely distributed to higher education institutions, general education schools, and military units.

All these are aimed primarily at the development of reading among young people, children and adolescents. Publication of books and promotion of book reading will be continued consistently.

President of the Republic of Uzbekistan to pay a state visit to France

📅 13.03.2025

At the invitation of President of the French Republic Emmanuel Macron, President of the Republic of Uzbekistan Shavkat Mirziyoyev will pay a state visit to this country on March 11-13.

The agenda of the visit to Paris envisages talks and events at the highest level, as well as a number of meetings with official and business circles of France.

The agenda of the upcoming contacts includes issues of further development and strengthening of Uzbek-French multifaceted relations.

Priority attention will be given to expanding mutually beneficial cooperation in trade-economic and investment-financial spheres, promoting cooperation projects with leading companies and enterprises of France.

It is planned to adopt a package of intergovernmental and interdepartmental agreements as a result of the summit.

In addition, the Head of our state will meet with UNESCO Director-General Audrey Azoulay to discuss practical aspects of preparing and holding the 43rd session of the Organization's General Conference in Samarkand this autumn.

It is worth noting the intense program of events on the eve of the forthcoming visit.