A comprehensive monitoring of key business activity indicators across Uzbekistan’s regions points to growth across all major metrics.
Based on operational data from the Tax Committee, Customs Committee, Central Bank, and the Uzbek Republican Commodity Exchange, the Center for Economic Research and Reforms (CERR) continues to monitor business activity across the regions of the Republic of Uzbekistan.
As of March this year, tax revenues demonstrated steady positive momentum, increasing by 54% compared to the same period last year.
The most notable growth in revenues was recorded in the Navoi, Syrdarya, Tashkent, and Khorezm regions, as well as in the city of Tashkent, where average growth rates reached 33%.
Personal income tax revenues rose by 15.2%, property tax revenues by 10.7%, and land tax revenues by 33.8%.
Customs revenues increased by 19.5%. The highest growth rates were recorded in the Navoi region, up 77.6%, and the Namangan region, up 64.2%.
Stable positive dynamics were also observed in the Fergana and Samarkand regions, as well as in the Republic of Karakalpakstan, where revenues increased by an average of 32%.
Analysis of foreign economic indicators shows that merchandise exports rose by 30%. The strongest export growth was recorded in the Navoi region, up 71.4%, and the Tashkent region, up 52.4%. Export growth was also observed in the Samarkand region (30.6%), Namangan region (29.3%), and Bukhara region (27.2%).
At the same time, lending activity expanded significantly. During the reviewed period, the volume of loans issued by commercial banks increased by 9.1%. The highest growth was recorded in the Samarkand region (+69.5%). In the Bukhara, Khorezm, Fergana, and Tashkent regions, lending growth averaged more than 43%.
The active development of the private sector is also reflected in a substantial increase in the number of newly established business entities. In March this year, 22,443 new enterprises were registered. The largest numbers were recorded in the Tashkent region (2,276), Khorezm region (2,035), Samarkand region (1,854), Fergana region (1,626), and the city of Tashkent (4,759).
Trading volume on the Uzbek Republican Commodity Exchange increased by 20.8%. The highest growth in exchange activity was recorded in the Syrdarya region, where activity rose by 68.4%. Additional strong growth was observed in the Syrdarya, Bukhara, Navoi, Namangan, and Surkhandarya regions, as well as in the city of Tashkent, where average growth reached 33%.
Sultonmurod Ozodov, CERR
TASHKENT, January 14. /Dunyo IA/. Deputy Minister of Foreign Affairs of Uzbekistan Olimjon Abdullaev held a meeting with the Ambassador of Latvia Reinis Trokša, reports Dunyo IA correspondent.
According to the MFA, the main agenda of the meeting was to discuss expanding cooperation in the field of external labor migration.
During the talks, the topics of organized labor migration of citizens of Uzbekistan to Latvia, simplification of the visa regime, creation of a legal framework in the field of labor migration and establishment of joint educational institutions and centers, as well as attracting specialists from Latvia to train potential labor migrants were discussed.
The parties noted the importance of strengthening cooperation between the relevant agencies of the two countries in protecting the rights of labor migrants and confirmed their readiness to further develop bilateral relations in the field of external labor migration.
In recent years, cooperation between Uzbekistan and Kazakhstan in the field of information and communication technologies (ICT) has expanded steadily, acquiring strategic significance. This partnership not only strengthens economic ties between the two nations but also serves as a foundation for the formation of a unified digital space across Central Asia.
A Robust Legal Framework
The legal foundations of bilateral cooperation were established in the early years of independence and have been progressively refined since. Agreements and memoranda concluded in the areas of electrical and postal communications, cross-border telecommunications services, radio frequency coordination, and space research have created a solid basis for bilateral relations. Notably, a new agreement on radio frequency usage signed in 2025 is contributing to the harmonised development of shared digital infrastructure.
Digital Economy: Growth and Investment
Cooperation in the digital economy has intensified considerably in recent years. The number of IT Park residents with Kazakhstani capital has reached 67, with export services valued at USD 2.8 million rendered in 2025 and 755 new jobs created. The number of companies exporting services to the Kazakhstani market has reached 155, with total export volume amounting to USD 17.6 million and a combined workforce of 4,600 employees — a clear indicator of growing mutual trust and an increasingly favourable business environment.
The Central Asian Innovation Hubs platform, established through the cooperation of the region's leading technology parks, has elevated the regional startup ecosystem to a new level, enabling hundreds of startups to access international markets.
Startups and Global Integration
Special attention is being devoted to startup support within the framework of bilateral cooperation. Both countries' startups are actively participating in such prestigious events as ICT Week Uzbekistan and GITEX Global. Kazakhstani and Uzbekistani startups have attracted new investment through participation in international acceleration programmes held in the United States, the UAE, Germany, and the United Kingdom. Forty startups participated in the Draper University, AlchemistX, and Silicon Valley Residency programmes.
One hundred startups under the Central Asian Innovation Hubs umbrella participated in major international conferences, including the AI Forum in Kazakhstan, Eurasia Technology Week in Turkey, Machines Can See Summit in the UAE, GITEX in Germany, and London Tech Week in the United Kingdom.
More than 20 companies with Uzbek capital are currently operating among Astana Hub residents, including Oson, Billz, Sales Doctor, IT Academy for Engineers, Verifix, Smartup, Iman, Uysot, Smartcast, Tezbor, Platma, and BITO.
The opening of the Khan Tengri Innovation Hub in Shanghai has broadened market entry opportunities for regional startups in China.
On 3 October 2025, the Kazakhstan Market Entry global acceleration programme was launched during the Digital Bridge 2025 international conference, with 10 startups from the Republic of Uzbekistan presenting their projects on stage. The programme is being conducted in partnership with Astana Hub as an exchange initiative, under which 10 Kazakhstani startups are actively developing their products in the Uzbekistani market through the Digital Startup Awards acceleration programme.
The Digital Startup Awards — one of the region's most prominent initiatives with a total prize fund of USD 1 million — brought together startups from Central Eurasia, including Kazakhstan and other regional markets, through its incubation, acceleration, and Best Startup Project competition components. Upon completion of the programme, 14 startups successfully completed the acceleration track and 15 completed incubations. Based on results achieved and expansion potential, IT Park Ventures invested up to USD 50,000 per startup in SAFE format for acceleration participants, and up to USD 10,000 for incubation participants on the same terms.
Telecommunications: Strengthening Interconnectivity
In the field of telecommunications, direct communication channels have been established between major operators of both countries, enabling the efficient exchange of international telephone and internet traffic. Operators including Uzbektelecom JSC, Kazakhtelecom JSC, Jusan Mobile JSC, TransTeleKom JSC, and TNS-Plus LLC are facilitating the exchange of international direct and transit telephone and telegraph traffic. Additionally, a system for sharing data on the IMEI codes of mobile devices is being introduced between the two states — a significant measure in ensuring information security and combating the circulation of unauthorised devices.
Artificial Intelligence: Forward-Looking Cooperation
Cooperation in the field of artificial intelligence is progressing consistently. Scientific and research ties have been established with the Institute of Artificial Intelligence at Nazarbayev University in Kazakhstan. Specialists from both countries are engaged in joint work on personnel training, the development of research laboratories, and the creation of innovative solutions.
Digital Government: Cross-Border Collaboration
On 17 December 2025, agreements were reached to launch a pilot project on tourism data exchange, building on Memoranda of Understanding signed between the UN ESCAP and both the Republic of Uzbekistan and the Republic of Kazakhstan.
On 13 March 2026, a meeting held at the Digital Government Project Management Centre between UN ESCAP, Korea's National Information Society Agency (NIA), and Kazakhstan's NITEC JSC announced the successful completion of the first phase of the project. During this phase, the legal and technical frameworks for cross-border data exchange among Uzbekistan, Kazakhstan, and Korea were developed, and data-driven analyses were prepared demonstrating their value in decision-making processes. Results pertaining to the activities and consumer behaviour patterns of Korean tourists in Uzbekistan proved particularly significant.
Upon the successful completion of subsequent phases, the project envisions expanding data exchange to other priority sectors and establishing a unified intergovernmental data-sharing platform among Uzbekistan, Kazakhstan, and the Republic of Korea — an initiative that will drive the development of cross-border digital cooperation and enhance the efficiency of both public and commercial services.
Information Security and Infrastructure
Efforts are under way within the framework of cooperation memoranda to develop e-government systems, digital platforms, and public data management systems. The transition of digital television broadcasting to enable the rollout of 4G and 5G networks in the 700 MHz band is being implemented in a coordinated manner across Central Asia.
ICT cooperation between Uzbekistan and Kazakhstan today carries strategic importance not only for both nations, but for the entire Central Asian region. Joint initiatives in digital economy, the startup ecosystem, artificial intelligence, and telecommunications are accelerating innovation-driven development across the region. This partnership will undoubtedly serve as a key driver in the formation of a unified digital space and the enhancement of global competitiveness.
President Shavkat Mirziyoyev was reported the current work and plans for 2025 in automotive industry.
The share of automotive industry in the country's industry is 10 percent. Over the past ten months, 338 thousand passenger cars were produced. Components of 1.4 thousand types were localized. Thanks to economic measures, the cost price in the industry decreased by 4 percent. Exports amounted to $455 million.
The chairman of “Uzautosanoat” JSC presented information on plans and future tasks.
Next year it’s planned to manufacture 450 thousand cars and elevate exports to $700 million. It’s planned to strengthen cooperation with regional enterprises and boost localization. In particular, 63 projects worth $325 million on developing production of 700 components will be implemented.
As is known, together with “BYD” company an automotive plant was built in Jizzakh. Currently such automobiles as Chazor and Song Plus Champion are produced there. In the upcoming years the model range is planned to be expanded. At the second stage worth $300 million it’s planned to expand the share of electric cars’ production to 200 thousand per year, at the third – to 500 thousand.
The Head of our state instructed to consistently master the production of components and spare parts for electric cars in agreement with the Chinese partners.
The task was set to form orders for local enterprises based on cooperation.
President Shavkat Mirziyoyev visited the mausoleum of Imam Bukhari on June 15, on the eve of the holy Eid al-Adha holiday.
Surahs from the Koran and dua were recited.
In conversation with religious figures, they talked about the conditions created for the development of science and enlightenment, education of youth in the spirit of patriotism and respect for national values.
Renovation of the complex is underway. The head of state familiarized himself with the progress of construction and finishing works.
The President concluded his visit to Samarkand and left for Tashkent.
TASHKENT, July 28. /Dunyo IA/. Uzbekistan took 1st place in the ranking of the safest countries in the world "Safety Perception Index 2023", which includes 121 countries, reports Dunyo IA correspondent.
According to Uzbektourism, the rating indicates that the level of danger to the life and movement of citizens in Uzbekistan is minimal.
The five safest countries also included the United Arab Emirates, Saudi Arabia, Norway and Estonia.
Of the Central Asian countries, Kazakhstan took 14th place, Tajikistan – 17th, Kyrgyzstan – 26th.
Guinea, Sierra Leone and Mali took the lowest place in the rating.
The "Safety Perception Index" focuses on five factors: food and water, violent crime, adverse weather conditions, mental health and safety in work settings. These factors serve as an important basis for the formation of an image that will become the basis for the security rating of countries.
The fact that Uzbekistan is in first place in this ranking creates the basis for the unhindered arrival and departure of foreign tourists to our country.
The text of the article is in Uzbek!
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.
Bismillahir Rahmanir Rahim!
Honorable chairman!
Distinguished heads of delegations!
I would like to extend my deep gratitude to the Custodian of the Two Holy Mosques, His Majesty the King of Saudi Arabia Salman bin Abdulaziz Al Saud, and His Highness the Crown Prince and Prime Minister Mohammed bin Salman Al Saud for hosting this important summit today on the most urgent and painful issue on the global political agenda - the problem of Palestine.
Regrettably, since the historic meeting in Riyadh in 2023, the scope of this unfair and violent war has further widened.
Despite the resolute efforts and urges of the international community, flagrant violation of international norms and resolutions continues to this day.
We are all dismayed by the fact that now the flames of war encompass Lebanon as well.
As my colleagues have noted in their statements, these devastating and horrific attacks, which have caused the deaths of thousands of innocent children, women and the elderly, are turning into the darkest page of the new history of humanity.
One cannot watch without broken heart how social infrastructure facilities, schools, hospitals, mosques and even entire cities are turning into ruins, leaving millions of civilians homeless and doomed to hunger and disease.
Worst of all, as we all can see, this tragedy on the international arena is being approached through double standards.
This dramatically increases the potential for spillover of the war and poses a serious threat to international security.
Dear participants of the summit!
Uzbekistan fully supports all practical initiatives aimed at addressing the Palestinian-Israeli problem through peace and diplomacy.
In this regard, we believe that today's Summit will demonstrate common political will and unity, develop effective global and regional mechanisms and specific solutions, and swiftly put them in practice.
In first place, here we are referring to the need to drastically increase the role and influence of the United Nations and the Security Council in addressing this long-standing conflict.
Immediate cessation of military action, provision of safe humanitarian corridors and, most importantly, the initiation of peace negotiations should be at constant focus of this universal international structure.
Second. On November 15, the long suffering Palestinian people will celebrate their National Day - the Declaration of State of Palestine.
I am confident that this nation with an ancient and rich history has every right to establish an independent and free state within the borders of 1967, with East Jerusalem as its capital.
In this regard, we fully support the activities of the Global Alliance for Implementation of the Two-State Solution, organized at the initiative of Saudi Arabia.
Third. In order to prevent an unprecedented humanitarian crisis in Palestine and Lebanon, we need to expand the scope of assistance from our countries and within the framework of leading international organizations.
We support increasing the necessary assistance to the activities of UNRWA and other United Nations institutions, which have great experience.
In this regard, we express our readiness to provide free medical care to war-affected Palestinian children and women in Uzbekistan's hospitals.
We also intend to discuss the issue of extending practical assistance to the Palestinian people at the forthcoming GCC-Central Asia Summit in Samarkand next year.
Fourth. As part of the Organization of Islamic Cooperation, we should attach greater attention to ensuring the sanctity and preservation of the Holy Al-Aqsa Mosque and other unique historical and cultural sites in Jerusalem.
Dear heads of delegations!
I hope that our extraordinary meeting today will be a big step towards addressing the Middle East problem.
I pray to Allah Almighty to bestow peace and tranquility upon the world and further strengthen the unity of our Ummah.
Thank you for your kind attention.
There are about a thousand manufacturing enterprises operating in the electrical engineering sector of Uzbekistan, most of them small, producing over two thousand types of products. Almost all enterprises in the industry are privately owned. The total number of people employed in the industry exceeds 35,000.
The 76 largest enterprises in the industry, which produce over 90% of all electrical engineering products, are members of the Association of Electrical Engineering Manufacturers (UzEltechSanoat). Of these, 18 enterprises manufacture electrical wires and cables, 27 enterprises manufacture household appliances, and 32 enterprises manufacture power transformers and other electrical products.
The Development Strategy of New Uzbekistan for 2022-2026 aimed to increase industrial production by 1.4 times by 2026, including doubling the production of high value-added products in the electrical engineering industry and tripling exports.
The Uzbekistan-2030 Strategy, adopted in September 2023, will ensure the achievement of all the goals outlined in the Development Strategy of New Uzbekistan. It also sets the task of increasing copper processing in the electrical engineering industry to 300,000 tons per year and raising the localization level of manufactured products to an average of 65%.
Therefore, Uzbekistan pays special attention to the development of technologically advanced industries, including electrical engineering, and provides state support.
Over the past seven years, the President of Uzbekistan has adopted several legislative acts providing customs and tax benefits to enterprises in the electrical engineering industry, as well as subsidies to cover transportation and other expenses.
Specifically, until January 1, 2027, enterprises in the electrical engineering industry have received a 50% reduction in profit and property taxes. Additionally, benefits for exemption from customs duties on imported raw materials, components, and equipment for their own production needs have been extended.
Furthermore, several programs have been approved for the implementation of investment projects in the electrical engineering industry, focusing on technical and technological upgrades of existing facilities and the creation of new production lines.
Due to these measures, over the past 7 years, the volume of attracted investments in the industry has amounted to $935 million, of which about $400 million are foreign direct investments.
Additionally, more than 260 new investment projects worth over $800 million have been launched, including 50 cable production projects worth $120 million, 115 household appliance projects worth $380 million, 40 power equipment projects worth $60 million, and 58 other electrical engineering projects worth $250 million.
As a result, over 13,000 new jobs have been created, bringing the total number of jobs in the industry to 35,000.
As a result of implementing investment projects for modernizing and creating new production facilities, the production of new types of electrical engineering products has been mastered, particularly household appliances (washing machines, electric stoves, vacuum cleaners, hoods, water heaters, new models of refrigerators and washing machines under the Samsung brand, SMART HD TVs, built-in hobs and gas stoves, etc.); industrial air conditioners; new types of electrical cables (high and low voltage, used in solar energy systems, household appliances, as well as self-supporting insulated cables); dry transformers; electronics (monoblocks, SIM cards, electronic boards for household appliances); smart meters for electricity, gas, and water consumption; parts for solar panels and renewable energy stations; elevators and escalators; water pumps, etc.
Overall, from 2017 to 2023, the production volume of the electrical engineering industry increased 7.1 times to $1.98 billion, including a 5.5-fold increase in wires, cables, and copper products to $792 million; an 8.2-fold increase in household appliances to $633 million; and a 9.3-fold increase in power and technical equipment to $567 million.
The contribution of the electrical engineering industry to the development of the economy is also growing, and although the share of the industry's value added in the economy is still less than 1%, it has grown 1.5 times in recent years.
The growth in the production of electrical engineering products has contributed to an increase in export volumes, which have grown 5.5 times to $1047 million over the specified period, including a 4-fold increase in wires, cables, and copper products to $576 million; a more than 10-fold increase in household appliances to $214 million; and a 12-fold increase in power equipment and other products to $257 million.
It should be noted that the significant growth (more than 10 times) in the export of household appliances occurred due to the creation of new production facilities in Uzbekistan by Artel Electronics. In particular, the export volume of refrigerators increased 15 times to $58 million, televisions 6 times to $52 million, electric stoves 4.5 times to $40 million, washing machines 5 times to $20 million, air conditioners 4 times to $15 million, etc.
Moreover, not only the geography of export countries has expanded, but also the range of electrical engineering products supplied to foreign markets. Currently, about 200 types of various electrical engineering products are exported to almost 70 countries. The number of exporting enterprises in the electrical engineering industry has grown to 100.
In January 2024, a Presidential Decree "On Additional Measures for Further Increasing the Production and Export Potential of the Electrical Engineering Industry" was adopted, outlining target indicators for the industry's development in the coming years.
Specifically, in 2024, the plan is to increase the volume of production by almost 30% to $2.6 billion, exports by 43% to $1.5 billion, and the volume of copper processing into finished products to 140,000 tons. In 2025, the goal is to increase production to $3.2 billion, exports to $2.0 billion, and copper processing to 160,000 tons.
To achieve these targets, the Program for Creating New Production Capacities and Diversifying Production in the Electrical Engineering Industry in 2024-2026 and Beyond has been approved. The program aims to implement a total of 294 investment projects worth over $4 billion in the coming years.
In conclusion, it should be noted that the necessary conditions have been created in Uzbekistan for enterprises in the electrical engineering industry to increase production volumes and expand the supply of their products to both domestic and foreign markets.
Therefore, goals have been set to increase exports not only to traditional but also to new markets. In particular, there are plans to increase the export of electrical engineering products to European markets, considering the GSP+ preferential trade regime granted to Uzbekistan, as well as to South Asian and Middle Eastern countries.
Yuri Kutbitdinov,
chief Research Officer of the Center for Economic Research and Reforms under the Administration of the President of the
Republic of Uzbekistan