President Shavkat Mirziyoyev visited the Inno innovative training and production technopark in Almazar district of the capital.
This technopark was established three years ago. Innovative ideas and inventions for the development of industrial sectors are developed here. In order to train young people in modern professions, cooperation with higher educational institutions has been established. Every year seminars and workshops are held with the participation of about 15 thousand students and pupils.
There are more and more such innovation centers in our country. Industry, energy and information technologies are developing, new complexes are being launched. They require engineers and technicians with up-to-date knowledge and qualifications.
The activity of higher engineering schools established at Tashkent State Technical University, Bukhara Institute of Engineering and Technology, Tashkent State Transport University, Fergana Polytechnic Institute, Tashkent Architecture and Construction University and Tashkent University of Information Technologies has been presented to the President.
The decree of the President of the Republic of Uzbekistan dated February 2, 2024 sets a number of tasks in this direction. In particular, according to the decree, the organizational and managerial activities of higher education institutions that train personnel in engineering and technology are being improved. The existing training programs are being studied and fundamentally changed in accordance with modern technologies and the requirements of employers.
The head of our state was informed about it.
At the first stage, higher engineering schools will be opened at 10 institutions of higher education. The supervisory board of the schools will include not only scientists, but also representatives of partner enterprises.
Two-year master's degree programs will be implemented in these schools, candidates will be selected on the basis of manufacturers' orders. In the first year, students will design new products on the orders of enterprises, conduct scientific research and study in in-depth modular programs. In the second year, they will test at enterprises technological processes related to the creation of prototypes of new products.
The President paid attention to the practical applicability and effectiveness of scientific research in higher educational institutions. It was noted that the attention paid to the education system should be really embodied in scientific achievements.
The head of state also familiarized himself with the inventions and advanced developments of researchers. In particular, energy-efficient devices, a cooling system protecting transformers from overheating under load, chemical reagents important for the oil and gas industry, modern approaches in construction, including road construction, engineering projects for hydraulic structures and modern solutions in the field of information technologies were presented.
We are the luckiest children of our people. We are fortunate to see the days dreamed of by our Jadid ancestors and to build the future they desired. During the events of the seventh Consultative Meeting of the Heads of State of Central Asia, I was once again convinced of this.
In recent years, Central Asia has acquired a new image on the world political map. Today, it is recognized that the countries of the region are not competitors, but reliable partners moving together on the path of development and cooperation. Consequently, other regions and powerful states are seeking to engage with us, envisioning a future in harmony with the spirit of Central Asia. This is not without reason. Because in the international arena, various conflicts and the pursuit of solely material interests have intensified. In such a situation, thanks to the political will and wise decisions of our President, a completely new policy, inherent to our people—one of openness and magnanimity—has gained priority in our region. All Central Asians rejoice in this. Why? Because our peoples have lived as neighbors, in-laws, sharing joys and sorrows as one nation.
In awakening the spirit of Central Asia, our President first took the path of bringing our peoples closer together. We wisely used the power of literature and art to elevate relations to a new stage. In particular, various events and festivals were organized among cultural representatives of our countries. As part of state visits, performances by art and culture representatives and grand concerts have become commonplace.
Our President has turned the gifting of books to his colleagues into a tradition. At the time, we understood this only within the framework of cultural ties. Time itself shows that the path chosen by our President is the way to reach the hearts of the people!
After all, the peoples of Central Asia consider Khazrat Navoi their ancestor. Likewise, we also love Jami, Fuzuli, Makhtumkuli, and Abai just as we do Bobur or Alisher Navoi. We value the epic of Manas as if it were our own, and we read the works of Aitmatov more than anyone else. This alone indicates that our peoples have lived for centuries as close as flesh and nail. The leader of our state elevated such important aspects to the level of state policy. This opened a path to the hearts of our peoples. As a result, the seventh Consultative Meeting of the Heads of State of Central Asia was rich in historic events. Importantly, following its conclusion, very important decisions for the future of the region were adopted.
In particular, a concept for regional security and stability in Central Asia was adopted. In today's global world, security is of paramount importance. In such a situation, one cannot develop in isolation. Where there is peace, there is also stability. That is why the new Central Asia is seen on the international stage as a peaceful and stable zone. Our region has not only natural resources and economic potential but also a sufficient level of human capital. At a time when mutual conflicts and economic blockades are intensifying in various parts of the world, it is also true that Central Asia's ability to maintain stability is seen as a lifeboat for others.
Maintaining this stability and achieving economic growth by utilizing its opportunities is not easy. Anyone who closely observes the working regime of our President understands this correctly. Because the leader of our state works day and night to strengthen international ties. From the world podium, he is advancing not only national but also universal human interests. He calls for resolving any conflict and dispute through peaceful, diplomatic means.
It is these calls, aspirations, and initiatives that have awakened the spirit of Central Asia today. The entire region has unanimously decided to safeguard security and stability together. As our President put it, we have deeply understood that our strength is in unity, and our path to success is in friendship and cooperation.
In recent years, relations in the "Central Asia Plus" format have expanded. Our region is demonstrating a unified position on the international stage. At the same time, it is actively integrating into the world economy. Investment attractiveness is growing, export opportunities to third markets are expanding, and transit potential is increasing. For example, last year, the mutual trade volume between our countries reached 10.7 billion US dollars. The total volume of investments attracted to our region increased by 17 percent.
Further enhancing economic relations and correctly assessing the rapidly changing, unpredictable geopolitical processes is an urgent task. In this sense, it is gratifying that at the Consultative Meeting, a catalog of threats to Central Asian security and measures to prevent them for 2026-2028 were outlined.
The Consultative Meeting of the Heads of State of Central Asia was established on the initiative of our President. The leader of our state chaired its seventh meeting. During this period, our cooperation has been highly effective. To further enhance the potential of cooperation, over 20 major events were held. A forum for inter-regional cooperation at the level of deputy prime ministers was launched. Likewise, meetings of ministers were held for the first time. In particular, ministers of geology, industry, agriculture, ecology, and culture held meetings.
Due to such aspects, we are right to say that a new era of the Consultative Meeting has begun. Just one example: now, member states will engage in separate, individual cooperation in each sector within the Consultative Meeting. We were convinced of this once again at the ministerial meetings.
Within the framework of the international congress on "Central Asia: Common Spiritual and Educational Heritage – Common Future" at the Islamic Civilization Center, we held our first meeting with the culture ministers of Central Asia and Azerbaijan. Various issues of multilateral cooperation were discussed. We discussed issues of cooperation in various fields of culture and art. We exchanged views on the current state of regional cultural cooperation and future plans.
Our peoples have one thing in common. That is, people listen more to elders, to individuals respected by the community. They follow them. Precisely this aspect is considered our unique strength, unlike other regions. Therefore, for the future, vital issues were raised about expanding cultural exchange among cultural figures. As a result, we reached agreements on expanding regional cultural cooperation.
Mutual respect and magnanimity among peoples do not appear by themselves. It must be admitted that the human psyche has a strong tendency towards negative information. In today's global world, we see enough examples of this. Our President, deeply understanding this very aspect and analyzing it thoroughly, created the opportunity for cultural workers to strengthen such ties. I believe that cultural workers, and intellectuals in general, are responsible for further developing peace and mutual understanding in the region. It is precisely we who must prepare and present to our peoples the positive content that will lead to this. In this sense, we united around a common idea to hold joint events and festivals in the fields of art, literature, cinema, theater, and music. Such events remind us of ourselves once again. They sing the universal ideas, friendship, and magnanimity promoted by Navoi, Jami, Fuzuli and Makhtumkuli, Abai and Aitmatov, which are the cause for awakening the spirit of Central Asia today.
The gratifying aspect is that we will also expand joint projects for the study, restoration, and digitization of cultural heritage. Furthermore, we will develop exchange programs among young creators. We reached an agreement on organizing seminars, conferences, and summer schools. We also exchanged views on strengthening cooperation in training and advanced training in the field of culture and art. Importantly, positive opinions were expressed on developing a "Central Asian Cultural Brand."
Observing this process, the meetings and agreements at the level of state leaders, I felt that today Central Asia has truly become a single region, a unified force. Our peoples have gone through many trials to reach this day. We can see this in the example of our Jadid ancestors. Thankfully, the river that flows, flows on. Our ancestors always called the people of the world to enlightenment, friendship, and kindness. Today, we, as a single region, continue this eternal tradition. It is gratifying that the leader of our state is wisely using these values of ours not only for our country but also for the benefit of the whole world. This was clearly evident in the initiatives put forward by our President at the Consultative Meeting of the Heads of State of Central Asia.
In particular, an initiative was put forward to establish an Council of Elders, comprising respected public figures with life experience and authority, based on the values and traditions of people's diplomacy. At the same time, it was emphasized that further improving cooperation mechanisms and the contractual-legal basis is of fundamental importance. Especially, the initiative to transform the Consultative Meeting into the strategic format of a "Central Asian Community" became the words in all our hearts.
Because now Central Asia is not just a region, but is strengthening its place on the world political map as a single voice, a united force. That is why our President emphasized in his speech at the seventh Consultative Meeting of the Heads of State of Central Asia: "I am fully confident that today we are on the threshold of a period of historical awakening of our region as the New Central Asia."
Precisely for this reason, developed countries are eager to cooperate with us. This is a great opportunity for the countries of the region. Using it wisely depends on our ability to protect our unity, friendship, and interests in a coordinated manner. In New Uzbekistan, it is recognized as a people-oriented policy precisely because such important aspects are always the focus of attention. The scale of countries wishing to cooperate with us confirms how sincere these recognitions are. There are two important reasons for the strong aspiration of developed countries towards New Uzbekistan. First, New Uzbekistan has become known as a state promoting the ideas of peace and humanity.
Here, a vital truth must be stated. No matter how a person may appear in a hostile guise, they still strive to live for peace and friendship. Countries are the same. They may engage in various conflicts for their own interests. But deep down, they desire peace and prosperity. The foreign policy position of New Uzbekistan offers guarantees of this peace and friendship.
The second important point is that thanks to the people-centered foreign policy, Central Asia has achieved unity. Now it is not seen as a field for labor or natural resources. Rather, it is seen as a new force with broad economic power in the international arena. During the Consultative Meeting, the leaders of the countries were at the Islamic Civilization Center. Our President emphasized that this center is a unique platform for creating scientific knowledge and ideas, conducting research, and popularizing our common cultural-historical heritage. Therefore, it is natural for the center to become a haven for the scientific and spiritual elevation of youth.
We certainly have grounds for saying this with full confidence. At the Consultative Meeting, our President proposed to regularly organize the first International Congress dedicated to spiritual heritage and enlightenment ideas. According to it, the congress will be held annually in the country chairing the Consultative Meeting.
All this shows that the countries of Central Asia are uniting not only because of economic or security issues, but because they are familiar with enlightenment. We know well that relationships built solely on material interests are fragile. In our region, however, live peoples with a single history, a common past. This is the reason for a unity that surpasses any material interests. That is why, at the meetings of state leaders, issues of culture and enlightenment always find a place on the agenda. This evokes boundless pride and honor in our hearts. At the same time, it also imposes the responsibility of being a generation worthy of such honorable days. For, at a time when the educational policy of New Uzbekistan is opening new horizons in Central Asia, being worthy of it is the duty and debt of every child of this land
18.9 million of the population of Uzbekistan or 54 percent are young people and children under 30 years of age. 9.5 million of young people are male and 9.4 million are female.
More than 50 laws and regulations were adopted in 2017-2021 in order to strengthen the legal basis of state policy regarding youth in the republic, and June 30 was declared as "Youth Day ".
As a result of the socio-political and economic reforms implemented in our country in recent years, a step has been taken to a completely new level of development. Youth , culture and sports issues was established in the Senate of the Oliy Majlis of Uzbekistan , a "Youth Parliament" consisting of 100 active and enterprising young people under the Senate of the Oliy Majlis and 250 active and initiative young people under the Legislative Chamber, a commission on youth issues was established in the Legislative Chamber. 22.9 percent of business entities operating in the republic or 106 thousand 574 of them belong to young people under the age of 30 will come 21.5% of individual entrepreneurs are young people under 30 years old. Also, more than 3.5 thousand young farmers and about 7.8 thousand young craftsmen are working in the country.
In the 2019 elections to the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan, 9 (6%) young people were elected as deputies, and 10% of local council deputies are young people.
The "Brave Boy" state award and the "Builder of the Future" medal were established to reward young people between the ages of 14 and under 30, who set an example for their peers with their activity and initiative in the social and political life of the country, as well as who have achieved great achievements in their studies and work. At the core of these practical results are consistent and effective reforms carried out on the basis of the renewed strategy of reforms and the strong will of the head of state regarding youth policy.
The strategic goal of the state youth policy implemented in the republic is to create conditions for every young person to get a free education, to carry out productive work, to realize themselves and to develop creatively, and to raise the level of social life in all aspects , which made it possible to accumulate valuable experience in our country. At this point, it should be emphasized that, along with state organizations, non-governmental organizations operating in our country are actively involved in the search for talented young people and their support. For example, it is important that one of the main directions of the state policy regarding youth is aimed at supporting the talents and abilities of young people. At the same time, in 2019, by a special decree of the President, the "Hope of the Country" fund under the President of the Republic of Uzbekistan was established. Thousands of talented young people through educational grants awarded by this foundation
Our country has the opportunity to study in prestigious universities of developed foreign countries and learn advanced foreign experience. In particular, for the 2022-2023 academic year, 420 students and masters received scholarships and grants for studying abroad from the "Hope of the Country" fund. We can see that these practical works are being carried out in accordance with the goals of the development strategy of New Uzbekistan. Because, according to the 50th goal of the development strategy for 2022-2026, through the "Hope of the Country" fund, to double the scope of sending free and creative thinking young people to study at prestigious foreign universities, in which fifty percent of young people are trained in technical, exact sciences and IT fields and conducting open selection contests for bachelor's, master's and doctoral studies in the most prestigious universities of foreign countries, bachelor's, master's and doctoral programs of foreign higher education institutions important goals such as announcing and conducting an open competition were set by the Foundation for the purpose of participation in educational programs. As a result of the practical work carried out by the Foundation, a number of young people have mastered the knowledge and skills required by the times and are applying them to a number of areas of reforms in our country.
One of the urgent tasks of this organization in the fields of education, science, technology, information technology, culture, art, sports, and entrepreneurship, and the tasks of encouraging and supporting their various initiatives.
As the President of Uzbekistan stated at the Youth Forum of Uzbekistan, "No matter what reforms we try in our country, we will first of all rely on young people like you, on your energy and determination. As you all know, today we have set ourselves huge goals. We have begun to create the foundations of the Third Renaissance in our Motherland. We consider the family, pre-school education, school and higher education as well as scientific and cultural centers to be the most important links of the Renaissance. For this reason, we are implementing fundamental reforms in these areas. I believe that in creating a new foundation for the development of our country, you, our devoted and patriotic youth, will actively participate and make a worthy contribution."
In the "New Development Strategy of Uzbekistan", which serves as a unique road map of the renewed reforms aimed at realizing the potential of such determined young people.
One of the priority directions of the state policy regarding youth in our country is the issue of ensuring youth employment, providing them with education, and training them in the profession. During the meeting with young people within the framework of the 2021 Youth Forum, the head of state asked for new and very relevant proposals in this regard. In particular, from now on, governors of regions, districts and cities, ministers and responsible leaders should hold regular meetings with young people, governors should develop and implement "road maps " aimed at solving the problems of young people, and report to local councils on this issue every six months. it was decided to give and determine the plans for the next six months.
An important initiative was put forward at the forum, such as the organization of vocational and entrepreneurship training for unemployed and unorganized youth within the framework of the "Youth: 1+1" program. Based on the principle "Each entrepreneur helps young people", the initiative to connect one unemployed youth to one entrepreneur was actively supported by many of our entrepreneurs. The head of state approved this noble action, which can provide employment to at least 500,000 young people.
Within the framework of this initiative, during the past period, a number of activities have been carried out to train young people, provide them with jobs, and direct them to entrepreneurship, so that the level of unemployment among young people is significantly decreasing.
In this place, in the following years, in order to further accelerate youth reforms, including reducing unemployment, further expanding the scope of vocational training, and providing comprehensive support to talented young people, with the Resolution of the Cabinet of Ministers dated January 18, 2021 "A youth-oriented state in Uzbekistan Policy Development until 2025" Concept was approved. According to it, as a result of the statements of the state policy on youth, opportunities will be created to further strengthen the economic potential of the country and to widely apply advanced practices.
And also it is expected that by 2030, Uzbekistan will be among the first 30 advanced countries of the world according to the PISA (The Program for International Student Assessment) rating .
At the same time, adaptation of educational programs to international standards (PISA, STEAM), coverage of children in pre-school educational institutions, youth comprehensive schools and higher educational institutions will be gradually increased due to the expansion of opportunities for non-state educational institutions. In particular, 80 percent of children under 3-7 years of age in the republic are enrolled in pre-school education organizations.
To increase the cultural level of young people, the number of libraries, theaters, cinemas, museums, parks and other cultural institutions will be gradually increased, and the capacity of sports facilities will be increased by 30% by creating conditions for young people to engage in mass sports.
Conditions will be created for youth to engage in public sports in neighborhoods; IT-parks will be established in all regions, Digital technology training centers will be established in districts (cities), about 200,000 young people will be trained on the basis of the "One million Uzbek programmers" project.
Conditions will be created for young people to use high-quality, fast and cheap Internet services, provision of double growth of communication and information services will be the most important results of the "Youth of Uzbekistan - 2025" concept.
In conclusion, it can be said that by 2030, our country will become one of the "countries with an income above the average", the country's gross domestic product will exceed four thousand dollars per capita, and our economy will double from its current state. The effective implementation of the concept "Youth of Uzbekistan - 2025", which is an important legal basis, is of great importance. The fact that young people of any country have intellectual potential, knowledge and modern profession remains an important factor of the country's development.
Asrorjon Sattorov,
The University of Public Safety of the Republic of Uzbekistan Associate professor
On September 20-24, President of Uzbekistan Shavkat Mirziyoyev will pay a working visit to the city of New York to attend the events of the 80th jubilee session of the United Nations General Assembly.
According to the press service of the Head of our state, President of Uzbekistan will deliver a keynote address on the first day of organizing the general debate of the UN General Assembly plenary session.
It’s noteworthy that during the current jubilee session of the UNGA topical issues of ensuring global security and stability, achieving Sustainable Development Goals, reforming the system of the UN and international financial architecture, combatting the consequences of climate change and other modern challenges, will be reviewed.
On the sidelines of the summit, the Leader of Uzbekistan will hold talks with the UN Secretary-General António Guterres, heads of foreign states and governments, leaders of authoritative international financial institutions.
In the framework of the business program in the United States, it’s planned to hold meetings and events with participation of the leading American companies and financial-investment structures. It’s planned to sign a package of new agreements and contracts.
Dunyo IA
Uzbekistan and the Czech Republic are entering a new phase in their relationship, building on the strong foundation laid over more than three decades. During this period, Uzbek-Czech ties have evolved from largely ceremonial contacts into a system of substantive engagement spanning political dialogue, trade, investment, and cultural and humanitarian exchange. Today, as Uzbekistan deepens its connections across Europe, the Czech Republic stands out as one of its most prominent partners in Central Europe.
The framework of the current relationship took shape from the first years of independence. The two countries established diplomatic relations on January 1, 1993, and the Czech Republic moved quickly to open a trade mission in Tashkent – one of the first to do so – which it converted into a full embassy in November 1994. Over the following decades, both sides steadily built out the treaty and legal framework, developed inter-parliamentary ties, and established intergovernmental communication channels, creating the infrastructure for genuine cooperation.
The year 2023 marked a qualitative turning point. Reciprocal visits at the prime ministerial level – Czech Prime Minister Petr Fiala’s visit to Tashkent in April and Uzbek Prime Minister Abdulla Aripov’s visit to Prague in October – infused the relationship with new content and momentum. The talks produced the Interstate Joint Declaration “On Enhanced Cooperation”, which set the direction for the partnership in the years ahead.
The pace of engagement has not slowed since. Czech Foreign Minister Jan Lipavský visited Tashkent in October 2024, and in September 2025 President Shavkat Mirziyoyev and President Petr Pavel met on the sidelines of the 80th UN General Assembly. Both sides have concentrated on expanding ties in investment, transport, innovation, and agriculture – a focus that reflects the practical, results-oriented character of the bilateral dialogue.
An important institutional development came in February 2025, when both chambers of the Oliy Majlis established Uzbek-Czech inter-parliamentary groups. These structures sustain continuous dialogue at the parliamentary level and create conditions for strengthening the legislative relationship and broadening the treaty and legal framework.
This political activity has created fertile ground for trade and economic engagement, which is showing positive momentum. Bilateral trade reached $189.7million in 2025. Although this represents a slight decline from 2024, the figure is three times higher than the 2018 level, reflecting the broader long-term upward trend. The Joint Intergovernmental Commission on Economic, Industrial and Scientific-Technical Cooperation serves as the structural instrument for sustaining this trajectory; its tenth session took place in Prague in March 2025. Through this mechanism, both sides are steadily expanding their business presence.
More than 40 companies with Czech capital now operate in Uzbekistan, and that number continues to grow. A vivid example of Czech business interest is Škoda Group’s intention to launch a joint venture in Uzbekistan for the local assembly and maintenance of railway rolling stock, as well as to establish a Škoda Academy for the training of industry specialists.
Beyond manufacturing and trade, Czech business is also making inroads in healthcare. Contacts with Czech pharmaceutical companies are becoming more regular, and Czech medicines and modern medical equipment have gained a solid presence on the Uzbek market.
Czech business interest is underpinned by active government support: the Czech Republic is actively backing Uzbekistan’s accession to the WTO, which is expected this year. Membership in the organization will open new opportunities for foreign investors and create additional conditions for expanding trade.
The humanitarian dimension of the partnership has taken the longest to develop and is, for that reason, the most durable. As far back as 2003, Termez State University and Charles University launched a joint archaeological expedition in the Surkhandarya region. Over twenty years of fieldwork, the project has uncovered previously unknown monuments from the Bronze and Iron Ages. The exceptional finds gathered over the years of research formed the basis of the exhibition “From Zarathustra to Genghis Khan”, which opened in Tashkent in April 2023 on the occasion of Prime Minister Fiala's visit.
The cultural agenda continues to grow. Czech musical ensembles regularly participate in the Sharq Taronalari festival in Samarkand, while the Czech-Uzbek Friendship Society in Prague has for many years served as a living platform for people-to-people diplomacy.
Academic and scientific cooperation is also advancing. The National University of Uzbekistan named after Mirzo Ulugbek, the Tashkent Medical Academy, and a number of other universities are running joint programmes with Charles University, Comenius University, the Czech University of Life Sciences Prague, and Mendel University.
Student interest in Czech education continues to grow steadily: over the past five years, the number of students from Uzbekistan studying in the Czech Republic has doubled, approaching 700. The annual Czech government scholarship programme, which gives Uzbek citizens access to undergraduate, master’s and doctoral study, has contributed significantly to this growth.
Labour mobility between the two countries is also developing. Around 3,000 Uzbek citizens currently work in the Czech Republic in industry, construction, trade, and services, and an annual quota of 150 labour visas reflects both sides’ structured approach to organising labour mobility.
All of this sustains a steady flow of mutual travel, supported by a direct weekly air service between Tashkent and Karlovy Vary that makes the Czech Republic a readily accessible destination.
The breadth and depth of this engagement naturally raises the question of priorities for the bilateral dialogue going forward.
First, opening an Embassy of the Republic of Uzbekistan in Prague would improve the speed of contacts, expand Uzbekistan’s diplomatic presence, and allow more effective support for joint projects.
Second, despite the temporary decline in trade volumes in 2025, the potential for recovery is considerable. The Czech Republic’s high standing in the Prosperity Index, 8th in the EU in 2026, confirms its status as a key technology and investment partner for Uzbekistan.
Third, particular promise lies in mechanical engineering, machine-tool manufacturing, and industrial automation. According to Harvard University’s Economic Complexity Index, the Czech Republic has held 7th place globally for a decade in its capacity to produce and export technologically sophisticated goods – precisely the kind of partnership Uzbekistan needs for its industrial modernisation agenda.
Overall, the Czech Republic is consolidating its role as one of the strategic anchors in Uzbekistan’s European partnership network. The convergence of Czech industrial capacity and Uzbekistan’s dynamic, fast-growing economy lays the foundation not merely for an exchange of goods, but for deep technological integration and large-scale industrial projects designed to last for decades.
Kayumova Madinabonu,
Leading Researcher of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan
According to the CERR bank ranking results for 2025, the stable positions of most financial institutions indicate a higher competitiveness threshold across the sector. At the same time, a noticeable reshuffling has emerged within the mid-tier segment.
The Center for Economic Research and Reforms (CERR) presented an updated Bank Ranking based on the results of the Bank Activity Index for Q4 2025. The study covers 35 commercial banks of the republic, including 20 large financial institutions classified by scale and branch network, and 15 banks categorized as small. The methodology is based on the analysis of 27 indicators, benchmarked against national averages and international standards, including Basel Committee requirements. The ranking serves as an important tool for enhancing transparency and strengthening trust in the financial system. This approach is consistent with international practice and is used by leading financial institutions worldwide.
Financial results for Q4 2025
During the reporting period, total assets of the banking sector amounted to 892.9 trillion soums ($74.2 bn), while liabilities reached 759.8 trillion soums ($63.1 bn). Lending increased by 13%, while deposits grew by 31%. The share of foreign-currency transactions declined, indicating strengthening of the national currency. Net profit reached 13.5 trillion soums ($1.1 bn), which is 57.1% higher than a year earlier. Over the period under review, the share of non-performing loans decreased to 3.5% from 4.3% a year earlier, pointing to improved portfolio quality. At the same time, in some banks this indicator remains above the sector average. Capital adequacy ratios exceed minimum regulatory requirements by more than 1.4 times, confirming the resilience of the banking sector.
Activity ranking of large banks for Q4 2025
The results for Q4 2025 show that sector leaders have maintained stable positions, while reshuffling within the ranking remains limited. The most notable progress was demonstrated by SQB, which climbed three positions. Positive dynamics were also recorded by Davr Bank, Orient Finance Bank, Xalq Bank, and Ipoteka Bank, all of which improved their standings in the overall ranking. At the same time, only two large banks showed a decline in activity. Invest Finance Bank and Aloqa Bank fell by four and three positions in the overall ranking, respectively. Overall, 13 banks retained their positions in the activity ranking, which, amid intensifying competition, reflects the ability of institutions to maintain operational efficiency, adequate liquidity, asset quality, and financial stability.
Dynamics of key indicators
In financial intermediation, Tenge Bank and Ipak Yuli Bank showed a decline in efficiency in attracting and allocating resources, losing four and three positions, respectively. National Bank, Asia Alliance Bank, Anor Bank, BDB, and Mikrokreditbank also dropped by one position in this category. In terms of financial inclusion, a one-position decline was recorded for Orient Finance Bank, Xalq Bank, Agrobank, BDB, and Ipoteka Bank. Regarding asset quality, six large banks registered a decline. Agrobank lost three positions, while National Bank, Trast Bank, Anor Bank, Aloqa Bank, and Asaka Bank each lost two positions. Despite the overall positive profit dynamics in the sector, two banks posted a decline in profitability, namely National Bank and Anor Bank, which fell by two and one positions, respectively. In management efficiency, weaker positions were observed for Mikrokreditbank and Anor Bank, both down two positions. In terms of liquidity, almost one-third of all large banks in the country lost positions, with the sharpest decline recorded by Davr Bank, down six positions, while Agrobank closed the ranking, falling to the last position on this indicator.
Activity ranking of small banks for Q4 2025
In the group of small banks, relative stability persists. Leaders have retained their positions. The main changes in this category also occurred in the mid-tier segment, where several banks improved their standings due to growth in financial intermediation and higher profitability. In this group, six out of 15 financial institutions, including the ranking leader Universal Bank, retained their positions. At the same time, five banks recorded declines, with the largest drop observed at Ziraat Bank, which lost three positions, while Apex Bank rose by three positions in the overall ranking. AVO Bank and Madad Invest Bank each gained two positions, while Okto Bank gained one position and secured third place in the overall group ranking.
Jafar Khidirov,
Head of Banking and Financial Research Sector
Uzbekistan and Turkey are consistently developing bilateral and multilateral cooperation in the fields of ecology and environmental protection, paying special attention to the exchange of experience, the introduction of modern technologies, and the professional development of specialists.
Representatives of the National Committee for Ecology and Climate Change of the Republic of Uzbekistan regularly participate in seminars, training courses, and other events organized by international structures in the Republic of Turkey. Such cooperation formats serve to strengthen professional ties and adopt advanced approaches in the field of environmental management.
One of the significant stages of cooperation was a meeting with a delegation from "OSTIM Energik," a company specialized in clustering technologies in renewable energy and ecology under Turkey’s Middle East Industry and Trade Center (OSTIM). During the negotiations, the parties discussed prospects for cooperation on air purification systems, the construction of water treatment facilities, the development of renewable energy sources, as well as the processing of domestic and agricultural waste.
Within the framework of developing practical cooperation, a business trip was organized for a delegation from the State Center for Ecological Expertise under the Committee. The goal was to study advanced foreign experience in the field of Environmental Impact Assessment (EIA), including modern methods of ecological expertise and monitoring.
Additionally, a joint event was held in Tashkent with the participation of the Turkish company "Cengiz Group" regarding the reduction of the number of vehicles and the strengthening of environmental control over them. This initiative was aimed at reducing pollutant emissions and increasing environmental responsibility in the transport sector.
A distinct direction of cooperation is related to the development of scientific and educational ties. Partnerships have been established between the Turkish State Meteorological Service and the Hydrometeorology Research Institute of Uzbekistan, in collaboration with the Faculty of Ecology at Ege University in Izmir and the Central Asian University for the Study of Environment and Climate Change. This cooperation is directed towards retraining specialists and enhancing their professional skills in environmental protection and climate research.
The active cooperation between the two countries continues on international platforms as well. Within the framework of the climate forum held in Samarkand on the theme "Global Climate Challenges and Central Asia – Solidarity for Common Prosperity," a youth session was held with the participation of Turkish representatives. This constituted a significant contribution to shaping a new generation of environmental leaders.
The participation of the Ecology Committee delegation, led by Aziz Abduhakimov, Advisor to the President of the Republic of Uzbekistan on Environmental Issues and Chairman of the National Committee for Ecology and Climate Change, in the "Zero Waste" international forum organized by the "Zero Waste Foundation" in Istanbul was also a significant milestone. During the forum, global approaches to waste reduction, the development of a circular economy, and the introduction of sustainable consumption principles were discussed.
Furthermore, a delegation from the Forestry Agency under the Committee visited the Mugla province and the city of Antalya to study Turkey’s best practices in forestry, sustainable forest resource management, and the prevention of ecosystem degradation.
In conclusion, the cooperation between Uzbekistan and Turkey in the field of ecology and environmental protection is of a systemic and multifaceted nature, covering technological, scientific, educational, and institutional directions. The implementation of joint initiatives serves to introduce modern environmental solutions, increase the stability of natural ecosystems, and strengthen international partnership in the interests of sustainable development.
Makhmud Khaydarov,
Chief specialist Department of international cooperation and rankings of the Ministry of Ecology, Environmental Protection and Climate Change
Today, one of the priority areas of state policy in Uzbekistan is focused on expanding forested areas, increasing green coverage, mitigating the negative impacts of climate change, and ensuring environmental sustainability. In order to achieve effective results in these areas, studying advanced foreign experience and adapting it to the country’s climatic conditions is of particular importance. In this context, the participation of a delegation of representatives of the Forestry Agency under the National Committee on Ecology and Climate Change of Uzbekistan in a training and practical seminar organized during their visit to the Republic of Turkey in October 2025 was of significant importance.
The seminar, organized in cooperation between the Forestry Agency and the Ministry of Agriculture and Forestry of the Republic of Turkey, enabled participants to familiarize themselves with Turkey’s experience in forest establishment, restoration, ecological classification, and sustainable forest management. In particular, on the first day of the seminar, Turkish specialist Ahmed Yalvach delivered a detailed presentation on modern approaches applied in the development of forestry.
Within the framework of the practical visit, Turkey’s advanced experience in establishing and managing nurseries, creating forests using the “terrace” method in mountainous areas, developing “green belts” around cities, and establishing green public parks in urban and district areas was studied.
In addition, members of the delegation closely examined the activities of nurseries operated by the Seydikemer and Gökova Forestry Departments located in Muğla Province. Notably, the Seydikemer nursery, established in 1983, covers an area of 144 hectares and has an annual production capacity of 1.5 million seedlings. The Gökova nursery, occupying more than 61 hectares, stands out with its capacity to produce up to 7 million seedlings per year.
It was emphasized that special attention to seed collection, storage, and laboratory analysis in these nurseries allows the production rate of high-quality seedlings and saplings to reach 90–95 percent. Participants studied the practical experience of Turkish specialists in establishing mother plantations, caring for seedlings and saplings, and grafting techniques.
The delegation members were also introduced to the use of greenhouses, in vitro laboratories, modern equipment, and mechanisms for managing seasonal work processes. The experience-sharing activities were conducted in an atmosphere of open dialogue and professional cooperation.
In conclusion, cooperation between Uzbekistan and Turkey in the forestry sector has acquired a practical dimension, contributing to the adoption of advanced practices, enhancement of specialists’ capacity, and the formation of a sustainable ecological environment in Uzbekistan. The knowledge and skills gained within the framework of this cooperation will play an important role in further improving the national forestry system.
The Center for Economic Research and Reforms (CERR) has prepared an infographic presenting key indicators of trade, economic and investment cooperation between Uzbekistan and Tajikistan over a nine-year period.
In recent years, economic cooperation between Uzbekistan and Tajikistan has been steadily expanding, now encompassing not only trade but also industrial cooperation across various sectors, particularly energy and agriculture.
A solid legal framework has been established to support bilateral cooperation across multiple areas. In 2018, the countries signed a Treaty on Strategic Partnership, followed by a Treaty on Allied Relations in 2024.
Tajikistan is among Uzbekistan’s key trade and economic partners, ranking 9th among importers of Uzbek goods and accounting for 2% of Uzbekistan’s total exports.
Bilateral trade between Uzbekistan and Tajikistan is conducted under a free trade regime, with total trade turnover approaching $1 bn.
Bilateral Trade Indicators
Trade turnover between Uzbekistan and Tajikistan increased 3.8 times over 2017–2025, from $237.9 mln to $912.4 mln. Exports grew 3.7 times, from $186.1 mln to $683.1 mln, while imports rose 4.4 times, from $51.8 mln to $229.3 mln. Uzbekistan’s positive trade balance expanded 3.4 times, from $134.3 mln to $453.8 mln.
In 2025, compared to 2024, trade turnover increased by 29.9%, exports by 24.1%, and imports by 13.8%.
The structure of Uzbekistan’s exports to Tajikistan in 2025 totaled $683.1 mln and included: industrial goods (various knitted and felt products, plastic products, rolled metal, etc.) – $222.7 mln (32.6%); machinery and transport equipment (including electrical goods) – $58.7 mln (8.6%); petroleum products (gasoline, gas oil, bitumen) – $53.1 mln (7.8%); chemical products (polymers, sulfates, silicates, fertilizers, paints) – $53 mln (7.8%); food products (animal feed, eggs, confectionery, processed meat products, etc.) – $48.2 mln (7.1%); miscellaneous manufactured goods (construction materials, ready-made garments, silk fabrics) – $21 mln (3.1%); non-food raw materials– $8.1 mln (1.2%); other goods (including goods traded by individuals) – $70.1 mln (10.3%); as well as services (mainly railway transport) – $147.4 mln (21.6%).
The structure of imports from Tajikistan in 2025 totaled $229.3 mln and included: metal ores and concentrates (zinc, copper and precious metals) – $108.9 mln (47.5%); coal – $22.3 mln (9.7%); aluminum – $25.4 mln (11%); electricity – $17.9 mln (7.8%); cotton fiber – $17.6 mln (7.8%); fruits – $7.4 mln (3.2%); ferrous metals – $5.1 mln (2.2%); poultry — $2.4 mln (1.1%); plastic waste – $1.8 mln (0.8%); sulfur, feldspar and others; as well as services (mainly railway transport) – $6.6 mln (2.9%).
Investment Cooperation
As of March 1, 2026, there are 420 enterprises in Uzbekistan with Tajik investment (2.2% of the total number of enterprises with foreign investment), including 110 joint ventures and 310 enterprises with 100% Tajik capital.
In 2025, compared to 2024, the volume of foreign direct investment (FDI) and loans attracted from Tajikistan tripled, increasing from $64 mln to $196 mln. Over 2017–2025, the total volume of attracted FDI and loans from Tajikistan amounted to $373 mln.
The main areas of activity of enterprises with Tajik capital include trade, construction materials production, food industry, transport and other services.
Enterprises with Uzbek investment are also successfully operating in Tajikistan. In particular, major joint projects are being implemented in the energy sector, including the construction of hydropower plants on the Zarafshan River. With the participation of private capital from Uzbekistan, the joint venture “Artel Avesto Electronics” was established in Tajikistan in 2019, producing more than 10 types of household appliances.
Prospects for Trade Expansion
Uzbekistan and Tajikistan share a common border and have well-developed transport infrastructure. Given the short delivery distances, transportation costs can be relatively low, which creates favorable conditions for expanding exports.
In this context, Tajikistan represents a promising market for increasing exports of finished products from Uzbekistan that are not produced domestically in Tajikistan and are imported. These include automobiles, household appliances—especially large-sized goods such as refrigerators, washing machines and air conditioners—as well as certain food products, textiles, chemical and other goods.
In the 21st century, "green" development has become not just a trend, but an unavoidable path for all of humanity. In the face of rapid climate change, intensifying water resource scarcity, and loss of biodiversity, sustainable development has become a priority for every nation. The President of the Republic of Uzbekistan, Sh.M. Mirziyoyev, speaking at international, regional, and national forums, consistently promotes the agenda of sustainable "green" development as the key to the prosperity of future generations.
The recently published book "The Path of 'Green' Development for New Uzbekistan" presents 310 quotes and 54 initiatives by Sh. Mirziyoyev, proposed during the period of 2017-2025, addressing climate change mitigation, rational use of water and natural resources, biodiversity conservation, and transition to a "green" economy.
Structurally, the book is divided into three chapters: "'Green' Development - the Path Chosen by Humanity," "Central Asia - The Course Towards 'Green' Development and the Future," and "New Uzbekistan on the Path of Sustainable Development."
Green development: the path humanity has chosen
In the context of the global climate crisis, depletion of natural resources, and deterioration of environmental quality, an increasing number of countries are transitioning to a sustainable development model. Within this concept, a "green" economy is replacing raw material-industrial models centered on extraction, exploitation, and disregard for environmental risks.
The leader of Uzbekistan has repeatedly emphasized that for Central Asian countries, "green" development should become the foundation for a new stage of modernization: ..."only by efficiently utilizing limited land and water resources, addressing environmental issues, and embarking on the path of 'green' development, 'green' economy, and 'green' energy can we ensure sustainable development of the country and the well-being of its population. This is the only correct path." This quote reflects a fundamental shift in state policy: from narrow economic thinking to a strategic approach that focuses not only on profit and growth but also on environmental preservation, ecosystem sustainability, and public health. This is precisely why Sh. Mirziyoyev advocates the idea that the green course is not a fashionable trend, but a long-term necessity. Supporting the transition to green energy sources, reducing greenhouse gas emissions, strengthening environmental legislation, and educating the public are all part of a systemic green reform.
The President consistently emphasizes that responsibility for the future lies not only with developed countries but also with emerging economies. In this context, he declared at the UN General Assembly (2023): "At this pivotal historical moment, we all must reflect on what kind of planet we will leave for future generations." This appeal aims to mobilize the global community, but primarily reflects Uzbekistan's internal transformation - a course towards sustainability, resource conservation, and climate justice. In this regard, we present the following scientifically grounded proposals of the President.
Firstly, "climate change has become one of the main challenges for sustainable development in Central Asia," declared the President of Uzbekistan at the COP28 summit in Dubai. He emphasized that "the transition to a 'green' economy and achieving carbon neutrality are strategic objectives of New Uzbekistan."
Secondly, "Climate change has become one of the main challenges to sustainable development. This is especially acute in Central Asia and adjacent regions against the backdrop of the Aral Sea tragedy - one of the most devastating ecological crises of our time."
Thirdly, "the rise in air temperature in Central Asia is twice the global average, the number of extremely hot days has doubled, and a third of glacier masses have melted."
Fourthly, "soil degradation, regular dust and sand storms, drinking water shortages, air pollution, biodiversity loss, sharp decline in crop yields, and many other factors are negatively impacting the quality of life of millions of residents in the region."
Fifthly, the President also called for "swift agreement on the Global Framework for Climate Change Adaptation within the Paris Agreement." He also addressed the topic of global transition to a low-carbon economy. According to him, this process "must be fair, transparent, and inclusive" and "must necessarily take into account the interests of developing countries."
Sixthly, to transform the Aral Sea region into a Zone of Innovation, Technology, and New Opportunities, the head of Uzbekistan invited everyone to close cooperation "in creating an International Climate Technology Expo Hub in this region." Additionally, the President proposed to "establish scientific exchange and conduct joint research on the platform of the Climate Science Forum," which is being created on the basis of Green University in Tashkent, involving scientists and experts from foreign countries.
Central Asia: Charting a Course Towards "Green" Development and Future
Global climate change is one of the most serious problems of our time, affecting all countries worldwide and becoming a significant obstacle to sustainable "green" development. The observed warming is causing extreme natural phenomena across the globe, such as droughts, hurricanes, scorching heat, fires, torrential rains, and floods.
Uzbekistan and other Central Asian states are among the countries most vulnerable to environmental disasters. Against the backdrop of a general increase in climate threats, Central Asia is developing its own regional response to the challenges of global warming and environmental degradation. The initiatives of the President of Uzbekistan on international platforms demonstrate that green transformation is not just a national priority, but also an interstate one.
Speaking at the 78th session of the UN General Assembly (2023), the President emphasized: "Today, the world is facing a severe ecological situation. The triple planetary crisis, caused by climate change, loss of biodiversity, and environmental pollution, is intensifying.
Under these challenging conditions, Central Asia, which continues to grapple with the tragedy of the Aral Sea, is becoming one of the regions most vulnerable to climate change."
This quote indicates the need for regional integration in the field of environmental safety. The President emphasizes the importance of joint actions in the management of natural resources, in particular transboundary waters. He initiated the development of a Regional Strategy to combat desertification and land degradation, emphasizing that sustainable agriculture and biodiversity conservation are only possible through coordinated efforts.
As part of this initiative, the following proposals were put forward:
First proposal: establishment of a Regional Center for Climate Technologies;
Second proposal: creation of a unified "green" energy space;
Third proposal: joint projects for reforestation and combating desertification, particularly in the dried-up seabed of the Aral Sea;
Fourth proposal: development of transboundary water diplomacy based on the principles of the Helsinki Convention.
In recent years, at Uzbekistan's initiative, the UN General Assembly has adopted more than ten special resolutions. Many of these directly address environmental issues in Central Asia and reflect Uzbekistan's active role in regional environmental diplomacy.
It is particularly noteworthy that all international initiatives and efforts of Uzbekistan's leader in this field are rooted in our national values, passed down from our ancestors over millennia. It should be emphasized that the environmental initiatives presented by the head of state at global forums receive widespread support from the international community and make a tangible contribution to ensuring sustainable "green" development at the global level.
For instance, one of Uzbekistan's landmark achievements was the adoption of a Special Resolution by the UN General Assembly in 2021, declaring the Aral Sea region a zone of environmental innovations and technologies. This marks the first time the UN General Assembly has granted such a high status to a region. This is because, due to the drying up of the Aral Sea, the Aral Sea region has become the epicenter of a global ecological disaster, a territory with an elevated risk to human health and ecosystem instability.
Water resource management issues in the region also remain within the focus of the President of Uzbekistan. "Effective water resource management with neighboring countries is key to sustainable development not only for Uzbekistan but for our entire region." This statement is particularly relevant for Central Asia, where water is becoming an increasingly scarce and politically sensitive resource. The leader of Uzbekistan advocates for the establishment of sustainable mechanisms for the distribution and joint management of water flows, which should reduce tensions and ensure harmonious development.
At the SCO summit in Bishkek (June 14, 2019), Shavkat Mirziyoyev proposed adopting the SCO "Green Belt" program to introduce resource-saving and environmentally friendly technologies in the organization's member countries. At the 14th ECO Summit (March 4, 2021), the Head of Uzbekistan put forward an initiative to develop and approve a medium-term strategy aimed at ensuring energy sustainability and broadly attracting investments and modern technologies to this sector.
At the Third Consultative Meeting of Central Asian Heads of State, held on August 6, 2021, in Turkmenistan, the President of Uzbekistan advocated for the development of a regional "Green Agenda" program for Central Asia. This program aims to facilitate the adaptation of countries in the region to climate change. The main focus areas of the program could include gradual decarbonization of the economy, rational use of water resources, integration of energy-efficient technologies into the economy, and increasing the share of renewable energy production.
Overall, against the backdrop of the increasing prominence of the international climate agenda, Uzbekistan's ongoing systemic environmental policy in the field of environmental protection aims to further improve the ecological situation in the Central Asian region.
Uzbekistan's New Path Towards Sustainable Development
Today, Uzbekistan is actively integrating the principles of "green" transformation into its development strategies, laying the foundation for long-term sustainable growth. This is not merely a response to global challenges, but also an aspiration to enhance the quality of life for our citizens, generate new employment opportunities, and foster the country's sustainable "green" development. At present, "green" development in Uzbekistan has been elevated to the status of a nationwide movement. The primary objective of New Uzbekistan's transition to a "green" course is to safeguard human dignity, improve the population's well-being, and protect the fundamental rights of its citizens.
For Uzbekistan, the transition to "green" development is not an abstract concept or something far removed from reality. This notion has become an integral part of our country's constitutional course, encompassing all sectors of the economy and public life.
President Sh. Mirziyoyev emphasizes: "It is of great importance to accelerate the transition to an economy based on the careful management of water, energy, and other natural resources.
The task of developing 'green' and digital technologies, as well as production enterprises, is also crucial for us."
This is not merely a scientific and philosophical statement, but a guiding principle of state environmental policy. Under this slogan, various programs are being developed:
One example is the construction of solar and wind power plants in Navoi, Bukhara, and Samarkand regions. These projects are being implemented with the participation of major foreign investors (Masdar, ACWA Power) and are creating new jobs while reducing the burden on hydrocarbon resources.
Sh.Mirziyoyev also emphasizes the need to cultivate new ecological thinking in young people: "Understanding nature, environmental education and upbringing, forming environmental awareness and ecological culture among the population, especially among youth, which promote kindness, compassion, and mercy, are among the important tasks that must be accomplished to preserve the environment."
In this context, special attention is paid to environmental education, promoting sustainable practices, and supporting startups in the field of eco-technologies and green innovations. The creation of a national environmental performance rating for regions and institutions has become a tool for stimulating sustainable change.
Thus, Uzbekistan is becoming an example of a systematic approach to sustainable "green" development, combining environmental goals with economic growth and social justice. The principles of the "green" economy are increasingly being integrated into national planning, making Uzbekistan not only a participant but also an active driver of the international green agenda.
Conclusions: Prospects for the Future
First conclusion. The approach being implemented in New Uzbekistan under the leadership of President Shavkat Mirziyoyev exemplifies the synergy of political will, scientific knowledge, national policy, and international cooperation. "Green" development is not a trend or a temporary solution. It is a strategic choice, a path chosen by humanity, and Uzbekistan demonstrates how this path can be realized in the face of global challenges.
Second conclusion. The initiatives and statements of Uzbekistan's leader demonstrate that green development for Uzbekistan is not a temporary agenda, but a strategic vector for a promising future. The framework of an environmentally responsible state is being systematically formed: with new laws, institutions, technologies, and public awareness.
Third conclusion. A distinctive feature of the Uzbek approach is its comprehensiveness: from global leadership in climate diplomacy to the practical transformation of energy, land use, and water management. Sh. Mirziyoyev not only articulates the principles of sustainable development but also ensures their institutional establishment, investment, and public support.
Fourth conclusion. Thus, the path to a "green" future, proposed and implemented by New Uzbekistan, can serve as a model for countries facing similar challenges and opportunities. This is a path where economic progress goes hand in hand with care for the planet, where political will translates into concrete actions, and sustainability becomes a new norm for human development.