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Linguistic Analysis of the President of the Republic of Uzbekistan’s 2026 State of the Nation Address
📅 02.01.2026
The analysis covers the key thematic and semantic emphases of the President’s speech, the structure of core concepts and their interrelations, priority directions of state policy, as well as the strategic benchmarks for the country’s socio-economic development in 2026.
On 26 December 2025, President Shavkat Mirziyoyev delivered his Address to the Oliy Majlis and the people of Uzbekistan. Experts of the Center for Economic Research and Reforms (CERR) conducted a linguistic content analysis of the President’s speech.
The analysis was carried out using modern linguistic methods and is aimed at identifying semantic priorities, key concepts and their connections. A word cloud and diagrams were also prepared to visually demonstrate the priority directions of state policy.
Analysis (from the original language)
In total, the President used 9,135 words in his Address. The creation of a word cloud made it possible to visualize the most significant themes and gain a deeper understanding of the priorities and directions of the country’s socio-economic development.
Figure 1. Most frequently used words in the President’s Address (26.12.2025)
The linguistic analysis showed that the most frequently used key words included “mahalla” – 49 times, “aholi” (population) – 35 times, “iqtisodiyot” (economy) – 28 times, “bozor” (market) – 26 times, “loyiha” (project) – 25 times, and “technology” – 22 times (Fig. 1).
Words such as “ta’lim” (education), “natija” (result) and “daromad” (income) were each used 20 times; “tadbirkor” (entrepreneur) and “sanoat” (industry) – 19 times each; “suv” (water) – 18 times; “elektr” (electricity) and “hudud” (territory) – 17 times each; “yoshlar” (youth), “infratuzilma” (infrastructure) and “qurilish” (construction) – 16 times each.
The analysis of two-word expressions showed that the phrase “Markaziy Osiyo” (Central Asia) was used eight times; “aholi daromadi” (household income), “qishloq xo‘jaligi” (agriculture) and “yangi bosqich” (new stage) – seven times; “yangi texnologiyalar” (new technologies) and “Toshkent shahri” (city of Tashkent) – six times each. Expressions such as “Davlat xizmatlari” (public services), “xorijiy investitsiya” (foreign investment) and “yangi tizim” (new system) were used five times, while “dual ta’lim” (dual education), “ish o‘rni” (jobs), “viloyat markazlari” (regional centers) and “tuman byudjeti” (district budgets) were used four times each.
Among three-word combinations, the most frequent expressions included “the next five years” – nine times; “based on dual education” – four times; and “water-saving technologies” and “water, electricity” – three times each.
Thus, the analysis shows that at the core of state policy are the mahalla, public welfare, and the transition to a new stage of development based on economic and technological transformation, with clearly defined strategic objectives for the next five years.
Thematic structure of the speech
The diagram below shows the distribution of the speech’s vocabulary by key directions, where the content is grouped into nine main thematic blocks.
The diagram clearly demonstrates that technological development and human interests, implemented at the level of the mahalla, are at the center of state policy. The ultimate goal of all reforms is to ensure public welfare through sustainable economic growth (Fig. 2).
Figure 2. Distribution of words by thematic areas in the structure of the speech
Interconnection of development directions
The analysis highlights key words that demonstrate the interconnection between various directions of Uzbekistan’s state policy in the coming years.
The transition of the economy to a technological and innovation-based growth model is a central element of state policy and implies a shift away from a raw-materials model toward high-tech industry. This direction is closely linked with such concepts as “investment,” “technology,” “market,” and “product.”
The block on economic growth and welfare reflects the key outcomes of reforms, including the increase of the economy to $145 bn and a twofold reduction in poverty over the past three years. It is directly associated with the concepts of “population,” “economy,” “mahalla,” and “services.”
The social foundation of reforms is built through the development of the mahalla and social solidarity. This direction is associated with “mahalla,” “youth,” “society,” and “values.”
Structuring vocabulary by thematic areas shows that the core of the President’s speech is technological modernization of the economy and a human-centered governance model based on the “mahallabay” system.
It emphasizes the interconnection between economic growth, improvement of public welfare and the development of local infrastructure, as well as priorities such as strengthening human capital, expanding employment and increasing the efficiency of public administration.
Figure 3. Interconnection of development directions
Among the highlighted semantic blocks are also tasks related to stimulating domestic demand, developing the housing and tourism sectors, modernizing the transport system, increasing productivity in agriculture and introducing water-saving technologies.
Special emphasis is placed on the “green” agenda, including the development of renewable energy, expansion of the “Yashil Makon” (“Green Space”) initiative, and strengthening resilience to climate risks.
In the foreign policy dimension, the analysis highlights Uzbekistan’s openness, strengthening of good-neighborly relations, and integration into the global economic system.
The linguistic analysis confirms that the idea at the core of the President’s speech is built around the triad “inson qadri – mahalla – farovonlik” (human dignity – mahalla – welfare), where the goal of reforms is sustainable growth, improved quality of life, and the further strengthening of Uzbekistan’s position.
Ilyos Rabbimov, CERR
CERR Public Relations Service
For inquiries, please contact:
(78) 150 02 02 (417)
Towards a Unified Intellectual Space of the Turkic World: A New Era of Scientific Integration in the Renaissance Age
📅 23.07.2026
Over the past decade, the socio-economic, cultural, humanitarian, scientific, and educational relations between the Republic of Uzbekistan and the countries of Central Asia have clearly demonstrated that the region's strategic partners have entered a fundamentally new stage of mutually beneficial cooperation.
Particularly noteworthy is the fact that the recent agreements and high-level meetings among the Presidents of the Central Asian states have provided a strong impetus to the development of educational transfer, scientific cooperation, joint innovation projects, and the modernization of systems for training highly qualified specialists.
It should be emphasized that geopolitical stability, economic prosperity, and sustainable development in Central Asia are directly dependent upon the quality of good-neighborly relations among the countries of the region. Since 2016, the incorporation of the principle of "Good Neighbourliness as a Foreign Policy Priority" into the foreign policy doctrine of the Republic of Uzbekistan has elevated cooperation with neighboring brotherly states to an entirely new strategic level.
For centuries, the peoples of Central Asia have been united by a common history, shared cultural heritage, religious traditions, and spiritual values. Today, in the era of globalization and the digital economy, these nations are advancing regional integration to a qualitatively new stage. The principal driving force behind this transformation is intellectual capital, embodied primarily in cooperation in the fields of higher education, science, and innovation.
Prior to 2016, relations among neighboring countries experienced a period of relative stagnation, with numerous long-standing issues remaining unresolved. However, thanks to the far-sighted foreign policy, effective diplomacy, and strategic leadership of the President of the Republic of Uzbekistan, historical barriers were overcome, opening a new chapter in regional cooperation. This breakthrough created a stable foundation for the significant expansion of educational, scientific, and cultural exchanges throughout Central Asia.
A compelling example of this transformation can be found in the rapidly developing partnership between Uzbekistan and the Kyrgyz Republic. The declarations on strategic partnership, friendship, and good-neighborly relations, together with numerous intergovernmental agreements signed during official visits of the two countries' leaders, have established a comprehensive legal framework comprising more than 200 bilateral legal and regulatory instruments.
Whereas bilateral trade amounted to only USD 150–200 million in 2016, by 2025–2026 it had exceeded USD 1 billion, reflecting the remarkable intensification of economic cooperation. The establishment of the Uzbekistan–Kyrgyzstan Development Fund has enabled the financing of dozens of industrial, logistics, and agricultural projects. Assembly plants producing automobiles under Uzbek brands have been launched in Kyrgyzstan, while joint ventures in textile manufacturing and the production of construction materials have also been established.
Furthermore, the commencement of the active construction phase of the China–Kyrgyzstan–Uzbekistan Railway is expected to fundamentally reshape the transport and logistics architecture of the entire Central Asian region, creating new opportunities for regional connectivity and economic integration.
During the same period, cooperation between the Ministry of Higher Education, Science and Innovation of the Republic of Uzbekistan and the Ministry of Education and Science of the Kyrgyz Republic underwent profound transformation. Since 2016, universities of the two countries have significantly expanded direct institutional cooperation, resulting in numerous bilateral academic initiatives.
Among the most significant achievements has been the establishment of the Forum of Rectors of Higher Education Institutions of Uzbekistan and Kyrgyzstan, which has evolved into one of the principal platforms for strengthening academic cooperation, promoting joint research, and expanding university partnerships between the two countries.
Over the past several years, Uzbekistan’s higher education system has evolved into one of the principal drivers of regional integration and is increasingly emerging as a leading educational and scientific hub of Central Asia.
Today, 3,020 students from the countries of Central Asia are enrolled in higher education institutions across Uzbekistan, reflecting the growing confidence of neighboring nations in the quality and international competitiveness of Uzbek higher education. This student community includes 1,554 citizens of Turkmenistan, 646 from Kazakhstan, 436 from Tajikistan, and 384 from Kyrgyzstan. Beyond acquiring professional knowledge and competencies, these students contribute to the formation of a common educational space through the exchange of academic, cultural, and intellectual experiences.
In order to provide practical support for regional integration, the Government of the Republic of Uzbekistan has introduced a system of state-funded scholarships for citizens of Central Asian countries. Under this initiative, 20 fully funded scholarships are allocated annually to each neighboring state, enabling talented young people to pursue higher education in Uzbekistan.
This initiative has become one of the most effective instruments of educational diplomacy, strengthening mutual trust, expanding people-to-people contacts, and fostering long-term humanitarian cooperation throughout the region.
A notable example of deepening academic integration is the establishment of the branch campus of Mukhtar Auezov South Kazakhstan University in the city of Chirchiq. During the initial stage of its operation alone, the branch enrolled 350 students, demonstrating the growing demand for cross-border educational opportunities.
As a reciprocal step toward strengthening bilateral cooperation, the National Research University “Tashkent Institute of Irrigation and Agricultural Mechanization Engineers” established its branch at the Kazakh National Agrarian Research University in Almaty. The branch currently educates 16 students in the fields of transboundary water resources management and agricultural innovation, drawing upon Uzbekistan's scientific schools, educational methodologies, and technological expertise.
Language and cultural cooperation has also become an important dimension of regional integration. Centers of Uzbek language and culture have been restored and expanded at higher education institutions in Osh and Jalal-Abad, while departments of Kyrgyz language and literature have resumed and broadened their activities at universities in Tashkent and Andijan.
These initiatives not only promote linguistic and cultural exchange but also contribute to strengthening mutual understanding, preserving shared historical heritage, and educating younger generations in the spirit of friendship, tolerance, and good-neighborly relations.
The expansion of academic cooperation has demonstrated that universities today perform a role far beyond their traditional educational mission. They increasingly serve as platforms for scientific diplomacy, intercultural dialogue, and regional cooperation, making a substantial contribution to sustainable development and long-term stability across Central Asia.
The powerful momentum of educational integration that has emerged across Central Asia has gradually expanded beyond the region, reaching the South Caucasus and, in particular, the Republic of Azerbaijan. Contemporary Uzbek–Azerbaijani cooperation in higher education, science, and culture stands as a vivid example of the growing strategic partnership between the two fraternal nations.
At present, 44 new bilateral agreements and memoranda of cooperation between higher education institutions of Uzbekistan and Azerbaijan have been prepared for implementation, laying a solid foundation for the further expansion of academic and scientific collaboration.
Currently, 51 Azerbaijani students are pursuing higher education in Uzbekistan, while 31 Uzbek students are enrolled at leading universities in Baku and Ganja. Although these figures may appear modest, they reflect the emergence of sustainable mechanisms for academic exchange and increasing educational mobility between the two countries.
Academic mobility has become one of the defining features of bilateral cooperation. In 2024, five students from Tashkent State Pedagogical University completed a period of study at Azerbaijan State Pedagogical University and Baku Slavic University, gaining valuable exposure to Azerbaijan's educational system, teaching methodologies, and academic environment.
During the same year, 15 students representing Termez State University, universities in Tashkent, and higher education institutions specializing in arts and culture participated in scientific conferences and international academic forums held in Azerbaijan, thereby strengthening scholarly communication and expanding professional networks between young researchers.
Reciprocal academic exchanges have also intensified. Eleven Azerbaijani professors and scholars visited Uzbekistan, delivering lectures in philology, psychology, and management for students and academic staff of Uzbek universities. These visits have significantly contributed to strengthening scientific dialogue and promoting the exchange of academic expertise.
A particularly promising area of cooperation is the joint initiative between the Tashkent Institute of Chemical Technology and the Baku Higher Oil School to develop innovative joint degree programmes in Petroleum Engineering and Chemical Engineering. The project is expected to combine the scientific and technological capacities of both countries while preparing highly qualified professionals capable of meeting the demands of modern industry and the global energy sector.
Cooperation between the Alisher Navoi Tashkent State University of Uzbek Language and Literature and the National Academy of Sciences of Azerbaijan has likewise continued to develop dynamically. Their partnership encompasses joint research projects, scholarly publications, academic conferences, and collaborative initiatives in the humanities, linguistics, and literary studies.
Humanitarian cooperation has also acquired a strong institutional dimension. Since 2019, the Muhammad Fuzuli Azerbaijani Center for Culture, Education and Research in Tashkent has become an important intellectual platform for students, researchers, and academics interested in Azerbaijani language, literature, history, and culture.
Similarly, the Alisher Navoi Research Center, established within the Nizami Ganjavi Institute of Literature of the National Academy of Sciences of Azerbaijan, has become a significant venue for collaborative research on Turkic literature, comparative philology, and shared cultural heritage.
Regular literary evenings dedicated to the works of Alisher Navoi and Muhammad Fuzuli have further strengthened cultural dialogue, inspiring young people in both countries to explore the rich literary traditions of the Turkic world and reinforcing a shared sense of historical and cultural identity.
These initiatives demonstrate that educational cooperation between Uzbekistan and Azerbaijan has evolved beyond conventional academic exchange. It has become a strategic instrument of cultural diplomacy, scientific partnership, and intellectual integration, contributing to the long-term development of both countries and to broader regional cooperation.
Another significant dimension of Uzbek–Azerbaijani cooperation has been the establishment of specialized academic and cultural centers dedicated to the preservation and promotion of the shared intellectual heritage of the Turkic world.
The Kara Karayev Center, established at the Uzbekistan State Institute of Arts and Culture, introduces students to the rich musical legacy of the distinguished Azerbaijani composer while fostering professional cooperation in the field of performing arts.
Likewise, the Khurshidbanu Natavan Center, opened at Termez State University, has become a symbol of Uzbekistan's profound respect for Azerbaijani cultural heritage and a tangible manifestation of the growing humanitarian partnership between the two countries.
A landmark event took place on 13 September 2024, when a new Center for Uzbek Language and Culture was officially inaugurated in the city of Ganja. The center is expected to play an important role in promoting the Uzbek language, literature, history, and national traditions among Azerbaijani students and scholars while strengthening people-to-people ties between the two nations.
Collectively, these educational, scientific, and cultural initiatives have gradually evolved into one of the fundamental pillars of cooperation within the Organization of Turkic States (OTS), contributing to the formation of a common intellectual and educational space across the Turkic world.
Regular dialogue among the ministries responsible for education and science within the Organization of Turkic States has further accelerated this process. In particular, the visits of Emin Amrullayev, Minister of Science and Education of the Republic of Azerbaijan, to Tashkent, together with discussions involving Nagif Hamzayev, Member of the Milli Majlis of Azerbaijan, have elevated to the policy agenda the establishment of a comprehensive system for teaching the Uzbek language to international learners, modeled on Türkiye's internationally recognized TÖMER framework.
The implementation of such an initiative would substantially expand opportunities for foreign students to study the Uzbek language while simultaneously strengthening Uzbekistan's educational diplomacy and enhancing the country's cultural influence throughout the broader Turkic region. Beyond language instruction, the project could become an effective mechanism for promoting Uzbekistan's higher education system, national heritage, and academic potential on the international stage.
More importantly, the Turkic states are today becoming increasingly integrated not only in political and economic terms but also as a unified scientific and intellectual community. Shared historical memory, common cultural values, and mutual aspirations for innovation are gradually giving rise to a common educational ecosystem capable of generating new knowledge, technologies, and human capital.
Only a few years ago, the concept of a "common intellectual home" existed primarily as a strategic vision. Today, however, this vision is becoming a tangible reality within university classrooms, research laboratories, joint scientific projects, and international academic exchanges. Students, researchers, and faculty members have emerged as the principal architects of this transformation, strengthening academic cooperation through everyday collaboration and knowledge sharing.
The students who are currently studying in neighboring countries within an atmosphere of mutual trust, friendship, and respect will become tomorrow's scientists, engineers, policymakers, entrepreneurs, and innovators. They will jointly address such strategic challenges as regional economic security, transboundary water governance, environmental sustainability, food security, technological modernization, and scientific advancement.
From this perspective, educational integration in Central Asia should not be regarded merely as another dimension of humanitarian cooperation. Rather, it represents a long-term strategic investment in the formation of a single competitive intellectual space, capable of enhancing regional resilience, promoting sustainable development, and increasing the global competitiveness of Central Asia in the twenty-first century.
Ultimately, the future of regional integration will depend not only on infrastructure projects, trade agreements, or political dialogue, but also on the ability of the countries of Central Asia and the broader Turkic world to cultivate a new generation of highly educated, globally competitive professionals united by common values, shared responsibility, and a collective vision for regional prosperity. In this regard, cooperation in higher education, science, and innovation should be viewed as one of the most effective strategic instruments for ensuring lasting peace, stability, and sustainable development across the region.
Fazliddin MUMINOV,
Head of Department
Ministry of Higher Education, Science and Innovation
of the Republic of Uzbekistan
Ministers of Foreign Affairs of Uzbekistan and Latvia discussed issues on transport connectivity and logistics, IT and digital technologies, trade, and investments during their meeting in New York
📅 02.10.2024
TASHKENT, September 24. /Dunyo IA/. The Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov held negotiations in New York City with the Minister of Foreign Affairs of Latvia Baiba Braže, reports Dunyo IA correspondent.
"Had a productive meeting with H.E. Baiba Braže, Foreign Minister of Latvia, – the head of the Ministry of Foreign Affairs of Uzbekistan wrote in his telegram channel. – We highly value the opening of the office of the Investment and Development Agency of Latvia in Tashkent. Transport connectivity and logistics, IT and digital technologies, trade and investments were on the focus of our meeting".
Uzbekistan’s Export Performance in Q1 2026
📅 27.04.2026
At the end of Q1 2026, the republic’s exports of goods and services demonstrated a steady growth trend.
During the reporting period, exports totaled $5.8 bn, increasing by 26%, or $1.2 bn, compared to the same period last year.
Export growth was driven primarily by the expansion of shipments of higher value-added products and raw materials. In particular, exports of natural uranium amounted to $402.6 mn, increasing by $196 mn, or 95%. Exports of non-ferrous metals reached $248.7 mn, up by $137 mn, with a twofold increase recorded. Exports of oil and gas products totaled $160 mn, rising by $20 mn, or 15%.
Positive dynamics were also observed in manufacturing industries. Textile exports reached $731 mn, increasing by $110 mn, or 18%. Exports of construction materials totaled $304 mn, up by $130 mn, or 75%. Exports of jewelry products reached $214 mn, increasing by $75 mn, or 54%.
Sustained growth was also recorded in agricultural and food exports. Fruit and vegetable exports reached $320 mn, increasing by $34 mn, or 12%. Food product exports totaled $282 mn, increasing by $47 mn, or 120%.
Strong growth was also achieved in services. During the reporting period, services exports amounted to $2.2 bn, increasing by 35%, or $573 mn, compared to last year.
Regional export activity also expanded. In Andijan region, exports increased by $83 mn, or 74%; in Khorezm region by $27 mn, or 66%; in Navoi region by $15 mn, or 42%; in Fergana region by $54 mn, or 42%; in Namangan region by $43 mn, or 31%; in Syrdarya region by $17 mn, or 29%; and in Samarkand region by $54 mn, or 28%. In Tashkent city, exports grew by $178 mn, or 42%.
Export growth was recorded in 147 districts and cities across the republic.
The geography of exports continues to expand. In January–March of the current year, previously non-exported goods worth $162 mn across more than 140 product categories were supplied for the first time to 86 countries, including the United States, Austria, Belarus, Poland, South Korea, Iran, Kazakhstan, and Afghanistan.
In particular, exports to Hong Kong included jewelry, solar panels, semiconductors, brass products, and spare parts worth $42.1 mn. Exports to Afghanistan included truck cranes, aluminum products, oilcake, metal fittings, pipes, and other goods worth $19.8 mn. Exports to the United States included carpets, rug fabrics, electrical equipment, solar panels, and other goods worth $9.4 mn.
In addition, exports amounted to $2.3 mn to Poland, $3.8 mn to Kazakhstan, $3.2 mn to Belarus, $1.7 mn to Austria, $1.1 mn to the United Kingdom, $1.1 mn to Iran, and $649.3 thousand to South Korea.
As a result of efforts to involve new businesses in export activity, 702 new business entities joined export operations during the reporting period. Their exports totaled $270 mn. As a result, the total number of exporting enterprises reached 4 thousand.
Within the national export support system, financial and organizational assistance to exporting enterprises continued. Through the Trade Promotion Fund, 405 exporters received financial support totaling 32.3 bn soums, while these companies exported goods worth $98.9 mn. Every $1 of state support generated $38.9 in exports.
In addition, the Light Industry Agency provided financial assistance totaling 8.8 bn soums to 212 exporters.
The achieved results confirm the effectiveness of the measures being implemented in the country to expand export potential, diversify the product range, and strengthen competitiveness in foreign markets.
Center for Economic Research and Reforms Media Sector
Uzbekistan–Georgia Relations: Contemporary Priorities for Bilateral Development
📅 30.06.2026
The history of the partnership between Uzbekistan and Georgia provides a compelling example of how two countries, bound neither by alliance commitments nor by historical dependency, have come to recognize each other as genuine strategic partners.
One of the key priorities of Uzbekistan's contemporary foreign policy is the expansion of cooperation with the countries of the South Caucasus. This approach reflects Tashkent's consistent policy of diversifying its external economic relations while strengthening regional connectivity. Within this framework, the South Caucasus is regarded as an important partner capable of contributing to Uzbekistan's sustainable economic growth, expanding the country's transport and logistics opportunities, and enhancing its overall foreign economic potential.
The growing importance of the South Caucasus stems from its role as a natural bridge between Central Asia and Europe. Amid the ongoing transformation of global logistics and the emergence of new transport and economic corridors, this role has become increasingly significant, reinforcing Uzbekistan's interest in practical cooperation with the countries of the region.
Georgia occupies a special place in this strategy due to its considerable transit potential, well-developed transport infrastructure, and favorable conditions for expanding trade, investment, and humanitarian cooperation.
Although diplomatic relations between Uzbekistan and Georgia were established in the early years of independence, they remained overshadowed for many years by other pressing national priorities in both countries. For nearly two decades, bilateral relations developed largely by inertia: annual trade turnover fluctuated between US$30 million and US$50 million, high-level contacts were infrequent, and joint projects remained limited in number.
A turning point came after 2017, when Uzbekistan, under the leadership of President Shavkat Mirziyoyev, embarked on a policy of openness and active integration into regional and global economic processes. Within this broader strategy, the South Caucasus emerged as one of Tashkent's important foreign policy priorities. Georgia was among those partners whose bilateral relations required comprehensive reassessment and renewed political attention.
The first high-level dialogue after a fifteen-year hiatus took place in September 2017, when, on the sidelines of the United Nations General Assembly in New York, the President of Uzbekistan met with the Prime Minister of Georgia, Giorgi Kvirikashvili. The meeting sent a strong political signal of both countries' commitment to revitalizing bilateral cooperation and laid the groundwork for expanding contacts across multiple levels of government.
In the years that followed, political dialogue steadily intensified. Parliamentary relations were established, regular contacts were launched between the heads of government and the foreign ministries, and annual official meetings between the Prime Ministers of Uzbekistan and Georgia became an established practice.
In 2023, Prime Minister of Uzbekistan Abdulla Aripov paid an official visit to Georgia. In 2025, Georgian Prime Minister Irakli Kobakhidze made a reciprocal official visit to Uzbekistan, during which he held talks with the President of Uzbekistan, as well as meetings with the Prime Minister and the leadership of both chambers of the Oliy Majlis.
The steady strengthening of political dialogue has created a solid institutional foundation for the progressive development of Uzbek–Georgian relations. A central role in this process is played by the Intergovernmental Commission on Economic Cooperation, whose work focuses on implementing bilateral agreements, eliminating existing barriers, and identifying new avenues for cooperation.
The effectiveness of these institutional mechanisms is reflected in the consistently positive performance of bilateral economic relations, particularly in trade. Over the past nine years, trade turnover between Uzbekistan and Georgia has tripled, exceeding US$267 million in 2025. By comparison, bilateral trade amounted to only US$89.1 million in 2017.
The highest level of bilateral trade was recorded in 2024, when trade increased by nearly 50 percent compared to the previous year, reaching a record US$326 million.
Equally noteworthy is that this growth has been driven not only by increasing trade volumes but also by the diversification of its structure. Whereas bilateral trade once consisted of a relatively limited range of commodities, today its product composition has become considerably broader.
Uzbekistan exports industrial goods, including non-ferrous metals, copper wire, rolled metal products, and electrical equipment, alongside food products such as legumes, fruit, and tobacco, as well as chemical products, including polymers. Georgia, in turn, exports food products, beverages, pharmaceuticals, construction materials, and metal products to Uzbekistan.
An important indicator of the expanding trade and economic cooperation has been the growing investment activity of the business communities of the two countries, reflected in the establishment of joint ventures. Today, around 100 enterprises with Georgian capital operate in Uzbekistan, while more than 140 Uzbek companies are active in Georgia. This demonstrates the growing level of mutual trust between business circles, as well as their interest in maintaining a long-term presence in each other’s markets.
The continued positive dynamics of economic cooperation suggest that the two countries have the necessary prerequisites to move beyond a trade-based model toward deeper industrial and investment cooperation. The most promising areas include the textile industry, agriculture and food production, pharmaceuticals, construction, and services, where the economies of both countries possess complementary advantages.
One of the key dimensions of Uzbek–Georgian relations is the expansion of transport and logistics links between Central Asia, the South Caucasus, and Europe. It is in this area that the interests of the two countries align most naturally.
For Uzbekistan, the use of Georgia’s transport infrastructure to access European markets is of particular importance. The ports of Poti and Batumi are key elements of this logistics chain. For Georgia, in turn, increased cargo flows from Uzbekistan and other countries of the region create opportunities to expand trade ties with Asian states.
According to experts from the Center for the Study of Transport and Logistics Development Problems under the Ministry of Transport of the Republic of Uzbekistan, positive dynamics are also observed in bilateral freight transportation. By the end of 2025, the total volume of cargo transportation between Uzbekistan and Georgia reached 146.8 thousand tons. Export shipments increased by 27 percent to 53.4 thousand tons, while import shipments rose by 26 percent to 71.5 thousand tons.
In this context, the development of the Middle Corridor is gaining particular importance. Today, it is regarded as one of Eurasia’s most promising transport arteries, opening new opportunities for route diversification and the growth of international trade. Over the past five years alone, Uzbekistan’s foreign trade cargo transportation along this route has doubled, reaching 1.2 million tons by the end of 2025.
At the same time, cooperation between Uzbekistan and Georgia in this field is moving beyond the basic use of existing transport infrastructure toward the creation of a dedicated logistics base. A vivid example is Uzbekistan’s construction of a multifunctional logistics terminal in the Poti Free Industrial Zone. The project provides for the creation of a modern warehouse complex covering around 30 hectares and designed to handle various categories of cargo, including containerized, general, bulk, and perishable goods.
The implementation of this project will create an important logistics hub for ensuring the supply of Uzbek products to European markets. At the same time, the terminal will be used to organize reverse cargo flows, thereby contributing to increased trade not only between Uzbekistan and Georgia, but also with other Central Asian states.
It is transport and logistics partnership that has the greatest potential to become the main driver of Uzbek–Georgian relations in the coming years. While at this stage the parties are focused on trade and infrastructure modernization, in the long term the goal is to create a full-fledged economic corridor linking Central Asia, the South Caucasus, and European markets.
In parallel with the development of these large-scale routes, people-to-people ties are also strengthening. In recent years, mutual interest among citizens of the two countries in tourist travel has grown noticeably. Thanks to direct flights from Tashkent to Tbilisi and Batumi, operated 13 times per week, the number of Uzbek tourists visiting Georgia has been steadily increasing, exceeding 21.5 thousand people in 2025.
For its part, Uzbekistan is attracting growing interest among Georgian travelers wishing to discover the country’s unique cultural heritage, including Samarkand, Bukhara, Khiva, and other ancient cities. Over the past seven years, the tourist flow from Georgia to Uzbekistan has increased more than 2.5 times — from 3 thousand people in 2019 to 6.8 thousand people in 2025.
Thus, relations between Uzbekistan and Georgia are currently at a stage of steady and progressive development. Whereas ten years ago bilateral interaction was based mainly on diplomatic contacts and limited trade ties, today, as we can see, a new format of partnership is taking shape, covering the political, economic, transport, and humanitarian spheres.
Of particular importance is the fact that this expansion of cooperation is taking place against the backdrop of major changes in the international economy and global logistics. As new transport routes between Asia and Europe are being formed, Uzbekistan and Georgia are objectively becoming important elements of a single space of connectivity.
The realization of this potential in the medium term will depend on the readiness of both sides to support political will with genuine economic interest. Such an approach will give new practical substance to the partnership between Uzbekistan and Georgia and will make it possible to build a sustainable model of cooperation based on pragmatism, mutual trust, and a shared commitment to sustainable development.
Miraziz Mirumarov
Leading Research Fellow
Institute for Strategic and Regional Studies
under the President of the Republic of Uzbekistan
From Economic Growth to Societal Development: Uzbekistan’s Priorities in the New Political Cycle
📅 29.12.2025
The traditional annual Address of the President of Uzbekistan Shavkat Mirziyoyev delivered on the eve of the New Year, became an important programmatic statement summarizing the results of the outgoing year and outlining the country’s strategic development priorities for the period ahead.
As the Head of State emphasized, the past year marked a period of steady progress in reforms and the strengthening of Uzbekistan’s socio-economic position, despite ongoing instability in the global economy and a complex international environment. In this context, the announcement of the coming year as the “Year of Mahalla Development and Society as a Whole” gained particular significance, signaling a transition toward a deeper focus of state policy on people’s quality of life and the development of civil society.
In his Address, the President noted that the national economy continued to demonstrate confident growth. The year 2025 concluded with landmark achievements: for the first time, the country’s GDP exceeded 145 billion US dollars, exports increased by 23 percent to 33.4 billion dollars, and foreign exchange and gold reserves surpassed 60 billion dollars. Investment inflows totaling 43.1 billion dollars enabled the implementation of dozens of major projects in industry, energy, and infrastructure. International rating agencies upgraded Uzbekistan’s sovereign credit rating from BB- to BB, opening more favorable conditions for external financing.
It was particularly emphasized that these macroeconomic results were accompanied by positive changes in the social sphere. Owing to active employment policies, the unemployment rate declined from 5.5 percent to 4.9 percent, and around five million people gained sustainable sources of income. Significant attention was devoted to supporting low-income families, developing targeted social assistance mechanisms, and improving access to basic services. The poverty rate decreased from 8.9 percent to 5.8 percent within a year, lifting approximately 1.5 million citizens out of poverty.
These outcomes were the result of consistent reforms aimed at enhancing economic resilience and creating a solid foundation for social development. Economic achievements expanded the state’s capacity to address social challenges and implement long-term support programs for the population. The President noted that social policy has become more responsive to the concrete needs of citizens, which represents a fundamental achievement of the current reform agenda.
Special attention in the Address was devoted to Uzbekistan’s foreign policy course, which was characterized as pragmatic, open, and oriented toward long-term national interests. The President emphasized that an active and balanced foreign policy remains a key factor in ensuring sustainable development, expanding economic opportunities, and strengthening Uzbekistan’s international standing. It was noted that in recent years the country has significantly expanded the geographical scope of its foreign economic relations, reinforced partnerships both with neighboring states and leading global centers, and consistently continued to promote regional cooperation initiatives. This course reflects Uzbekistan’s aspiration to assume a more visible and responsible role in international affairs, guided by the principles of mutual benefit and respect.
The Address also addressed the reform of the public procurement system as one of the key elements in enhancing transparency and efficiency in public administration. The President stressed that improving public procurement mechanisms is aimed at creating equal conditions for businesses, fostering competition, and ensuring the efficient use of budgetary resources. These measures are viewed as an important part of Uzbekistan’s preparation for accession to the World Trade Organization. In this context, reforms in the field of public procurement acquire not only domestic but also external economic significance, as they contribute to aligning national procedures with international standards and rules. Thus, the outlined steps reflect a systemic approach to Uzbekistan’s integration into the global trade and economic system.
A separate section of the Address focused on anti-corruption efforts, which were identified as one of the key priorities for further development. The President underscored that the fight against corruption is regarded not as a one-time campaign, but as a long-term state policy aimed at establishing an honest, transparent, and accountable system of governance.
“Allowing corruption is a betrayal of our reforms. We declare 2026 a year of ‘extraordinary measures’ to combat this scourge,” the President stated.
It was noted that the measures already being implemented—such as the digitalization of public services, increased transparency in decision-making, and strengthened public oversight—are producing tangible results, though they require further deepening. The emphasis on the anti-corruption agenda demonstrates a commitment to strengthening trust among citizens and international partners in state institutions.
Considerable attention in the Address was also given to environmental issues and sustainable development. The President noted that the environmental agenda is becoming an integral part of state policy and is directly linked to the quality of life of the population and the country’s long-term security. The importance of rational use of natural resources, the expansion of green technologies, and the implementation of programs to improve environmental conditions—especially in the most vulnerable regions—was underscored. Plans were announced to hold the next Assembly of the Global Environment Facility and the Central Asian International Environmental Exhibition in Samarkand in 2026. These events will create valuable opportunities to identify partners for industries, regions, and businesses, and to jointly launch new environmental projects. It was emphasized that environmental initiatives are viewed not only as a social necessity, but also as a key element of economic modernization and enhanced resilience.
Taken together, these priorities demonstrate the comprehensive nature of the ongoing reforms. They indicate that the course toward socially oriented development is inseparably linked with institutional transformation and international integration. This approach reflects Uzbekistan’s determination to build a balanced development model in which economic growth, social sustainability, and responsible governance mutually reinforce one another.
Summarizing the results of the concluding year, the Head of State stressed that all these achievements became possible due to a well-structured reform system and the active participation of society. At the same time, he underlined that further development requires not only economic resources but also a stronger social environment, trust, and solidarity. It was within this logic that the proposal was made to declare the coming year the Year of Support for the Mahalla, as the institution closest to people and their everyday concerns.
In the Address, the mahalla was characterized as a unique form of social organization that has absorbed centuries-old traditions of mutual assistance, responsibility, and respect. The President emphasized that the stability of the state begins with the stability of the mahalla, with an atmosphere of harmony and engagement at the local level. “If there is order and trust in the mahalla, there will be stability in society as a whole,” this idea became one of the key messages of the Address, logically linking past achievements with future objectives.
Support for the mahalla in the coming year is viewed as a systemic measure aimed at further strengthening social policy. The President pointed out that it is precisely at the mahalla level where family issues, employment challenges, education, social protection, and the prevention of social vulnerability can be identified most effectively. In this sense, the development of mahalla structures becomes a tool for increasing the targeting of state assistance and enhancing social justice. The economic achievements discussed earlier thus find their continuation in the social domain.
A significant part of the Address was devoted to citizen participation and the development of civil society. The President stressed that a modern state is impossible without active and responsible citizens involved in decision-making and oversight of implementation. In this context, the mahalla is seen as a space for fostering civic initiative and dialogue between authorities and the population.
“We must create conditions under which every person feels involved in the destiny of the country,” the Head of State noted, outlining a strategic commitment to expanding public participation.
Special emphasis was placed on the role of the mahalla in youth education and the strengthening of social values. The President noted that alongside economic indicators, the formation of a moral, educated, and socially responsible individual remains no less important. Support for projects in education, culture, and sports implemented at the mahalla level is regarded as an investment in the country’s future. “The future of Uzbekistan depends on the environment we create for our children today,” this quotation from the Address clearly reflects the long-term orientation of state policy.
Thus, the declaration of 2026 as the “Year of Mahalla Development and Society as a Whole” demonstrates the state’s intention to move from macro-level achievements toward deeper engagement with quality of life, human capital, and social institutions. It signifies a concentration of efforts on strengthening local communities, developing social infrastructure, and fostering an active and cohesive society.
The President’s Address sets a clear development vector for the year ahead: reliance on achieved economic successes, reinforcement of social policy, and the advancement of civil society through support for the mahalla. This approach reflects a strategic understanding that the sustainability of reforms and the country’s long-term prosperity are impossible without strong communities, trust, and citizen participation. In this context, support for the mahalla emerges not only as a social priority, but also as a foundation for Uzbekistan’s long-term development.
"Dunyo" IA
Address by President Shavkat Mirziyoyev at the ceremony dedicated to the 33rd anniversary of independence of the Republic of Uzbekistan
📅 01.09.2024The text of the article is in Uzbek!
Uzbekistan as an Operational Hub for Technology Companies: Key Figures, Conditions, and Advantages
📅 24.06.2026
Relocating an operational office to a new jurisdiction is invariably a complex undertaking, involving unfamiliar regulatory environments and concerns regarding continuity of team management and internal processes. Uzbekistan addresses the majority of these challenges — and this article examines the factors underpinning that proposition and the reasons why more than 1,000 technology companies have chosen the country as their base of operations.
Why Companies Choose Uzbekistan
For businesses originating from CIS countries, Uzbekistan offers a familiar business culture, an established professional rhythm, and a legislative framework that is relatively straightforward to navigate. Teams integrate into operational workflows more rapidly, and founders are not forced to spend the initial months resolving administrative or logistical matters.
A further advantage is the elimination of lengthy preparation periods for basic operational setup. IT Park provides not only company registration assistance but also fully equipped, ready-to-use office infrastructure - including furniture, equipment, and communications.
All core administrative processes are handled through a single interface — the One Stop Shop — covering company registration, tax administration, bank account opening, and documentation requirements, without the need to navigate multiple institutions. A dedicated team with experience guiding hundreds of companies through this process is on hand to anticipate and resolve common complications.
For teams relocating with their families, the Softlanding Program offers assistance with housing, documentation, and post-relocation adaptation, enabling employees to settle in efficiently and transition smoothly into professional responsibilities.
Zero Risk Program: Launching Without a Cash Flow Gap
The Zero Risk Program is designed to accelerate the initial operational phase of relocation. Participating companies receive a fully furnished and equipped office, enabling near-immediate commencement of operations. The program additionally covers a portion of recruitment and staff training costs and reimburses up to 15% of payroll expenses, allowing businesses to assemble their teams and reach full operational capacity without undue financial pressure.
Tax Conditions for IT Park Residents
IT Park residents benefit from some of the most advantageous tax conditions available to technology businesses in the region: a 0% rate on corporate income tax, VAT, and social tax. Personal income tax for employees stands at 7.5% - considerably lower than prevailing rates across much of Europe.
These conditions allow companies to direct a greater proportion of resources toward team development and business growth rather than absorbing a high tax burden.
The cost of living and operational expenditure in Uzbekistan further reinforces this advantage, enabling businesses to reduce recruitment and retention costs, as well as day-to-day operating expenses, while maintaining working and living conditions conducive to international business.
IT Visa and Conditions for Teams
A three-year IT Visa is available to founders, investors, and technology specialists, allowing holders to reside and work in Uzbekistan without a separate work permit. The visa extends to family members and grants access to healthcare and education services on equivalent terms to Uzbek citizens, as well as the right to purchase real estate without value restrictions.
Uzbekistan as a Base for International Expansion
For a growing number of companies, relocation to Uzbekistan extends beyond operational transfer. The country is increasingly regarded as a strategic platform for international development. The IT and BPO sectors are expanding rapidly, with regional offices and delivery centers being established to serve clients across Europe, the CIS, Asia, and the United States. Uzbekistan's geographical position between European and Asian markets facilitates access to multiple markets simultaneously.
Uzbekistan–USA: Strategic Partnership as a Driver of Interregional Cooperation
📅 06.11.2025
President of Uzbekistan Shavkat Mirziyoyev has arrived in Washington on a working visit to participate in the “C5+1” summit of the leaders of Central Asian countries and the United States and to hold meetings with U.S. President Donald Trump, members of the Senate and the House of Representatives, as well as heads of U.S. government departments and agencies.
The C5+1 format, launched in November 2015 in Samarkand, has become an important mechanism for coordination and cooperation in areas such as regional development, economic resilience, environmental protection, energy, and security. Its primary goal is to establish a permanent platform for diplomatic dialogue, exchange views on pressing issues, and strengthen connectivity in the fields of transport, energy, trade, business, and humanitarian engagement. The Joint Declaration on Partnership and Cooperation, adopted at the first meeting, reaffirmed the United States’ commitment to supporting the sovereignty, independence, and territorial integrity of the Central Asian countries.
The first C5+1 leaders’ summit, held in New York in September 2023, gave a strong impetus to advancing the comprehensive agenda of the platform and marked the launch of new initiatives, including the B5+1 Private Sector Business Platform (Almaty, March 2024) and the Critical Minerals Dialogue (February 2024). Since its inception, the format has held 13 ministerial meetings and three high-level gatherings, as well as specialized forums on climate change, development, Afghanistan, and other priority areas.
Uzbekistan has taken an active and constructive role within the C5+1, consistently advocating for the institutionalization of cooperation, enhanced border-security coordination, intensified action on climate and environmental challenges, and the continuation of projects in trade, investment, transport, and energy. Tashkent also supports initiatives related to Afghanistan. Many Uzbek initiatives have been endorsed and implemented in practice, including the establishment of the Virtual C5+1 Secretariat (2021), the TIFA meetings (Samarkand, March 2023), and projects on artificial intelligence and educational cooperation under the C5+1 framework.
The impact of these multilateral initiatives is evident: strengthened regional cooperation has opened new export routes, enhanced investment attractiveness, and created expert-exchange platforms — all contributing to the overall resilience of Central Asia.
Uzbekistan’s active engagement in the C5+1 format is fully aligned with its broader policy of deepening bilateral cooperation with the United States, which continues to expand across all key areas - politics, security, the economy, science, and culture.
Since the establishment of diplomatic relations on February 19, 1992, Uzbekistan and the United States have made substantial progress. A milestone was President Mirziyoyev’s official visit to the United States on May 15–17, 2018, which laid the foundation for a new era of strategic partnership. The President has also met with U.S. leaders on various multilateral platforms — on the sidelines of the Riyadh Summit in May 2017 and during the UN General Assembly sessions in New York in September 2017 and 2025.
The bilateral political dialogue evolved in 2021 into the Uzbekistan–U.S. Strategic Partnership Dialogue, whose sessions are held alternately in the two capitals. The fourth meeting, held in Washington on November 13, 2024, concluded with an agreement to elevate its status to the Expanded Strategic Partnership Dialogue.
The regular visits of senior U.S. officials and special envoys to Uzbekistan further underscore the growing intensity of the partnership.
In 2025, Uzbekistan hosted several high-level American representatives, including Paolo Zampolli, the Special Representative of the U.S. President for Global Partnerships (August 28 – September 1, 2025), and Sergio Góvar, the Special Envoy for South and Central Asian Affairs, accompanied by First Deputy Secretary of State Christopher Landau (October 25–27, 2025).
A clear demonstration of the high level of bilateral relations was the official visit of Foreign Minister Bakhtiyor Saidov to Washington on April 8–10, 2025, during which he met with U.S. Secretary of State Marco Rubio and National Security Advisor Michael Waltz. The sides discussed a wide range of regional and international issues, paying particular attention to strengthening the strategic partnership between Uzbekistan and the United States. Special emphasis was placed on cooperation in security, economic development, regional connectivity, and sustainable growth in Central Asia.
Inter-parliamentary ties are also expanding dynamically. In 2018, the Uzbekistan Caucus was established in the U.S. House of Representatives, with participation from both parties. Regular visits of congressional delegations contribute to the strengthening of parliamentary diplomacy.
Economic and investment cooperation is developing at a robust pace. The bilateral trade turnover and the number of joint projects continue to grow annually. Major American companies such as Air Products, General Electric, General Motors, Boeing, Honeywell, The Coca-Cola Company, and John Deere are successfully operating in Uzbekistan.
During the IV Tashkent International Investment Forum on June 9, 2025, the U.S.–Uzbekistan Business Forum was held with the participation of around 100 U.S. companies. Memorandums of understanding were signed and negotiations held with Boeing, FLS, Visa, NASDAQ, Air Products, Franklin Templeton, Morgan Stanley, and others.
The United States supports Uzbekistan’s accession to the World Trade Organization (WTO). In December 2024, the parties signed a protocol concluding bilateral negotiations on accession — an important milestone in Uzbekistan’s integration into the global trading system.
The cultural and humanitarian sphere constitutes a significant dimension of bilateral cooperation. Sister-city relations have been established between Tashkent–Seattle, Bukhara–Santa Fe, and Zarafshan–Clinton. These municipal partnerships foster cultural and educational exchange, tourism, and business collaboration.
Educational cooperation is also advancing: the Tashkent branch of Webster University (opened in 2019) and the American University of Technology (AUT), established in partnership with Arizona State University, play a key role. On August 30, 2025, an American Corner — a cultural and educational hub promoting academic and scientific collaboration — was inaugurated at AUT.
In October 2023, Tashkent hosted the Education USA Regional Forum with the participation of 65 U.S. universities. The activities of American Councils for International Education (ACIE) have resumed, and work is underway to restore the Peace Corps presence in Uzbekistan.
Transport connectivity has also improved: since July 2017, direct Tashkent–New York–Tashkent flights operated by the national airline have resumed, facilitating business and humanitarian exchanges.
Furthermore, the United States continues to support Uzbekistan’s domestic reforms. Reports by the U.S. Department of State and the Department of Labor highlight progress in combating human trafficking and eradicating the worst forms of child labour. Uzbek cotton has been removed from the lists of goods produced with forced child labour; in December 2020, Uzbekistan was delisted from the “Countries of Particular Concern” regarding religious freedom; and in April 2024, the U.S. Trade Representative (USTR) removed Uzbekistan from the Special 301 Watch List on intellectual property protection.
In summary, President Shavkat Mirziyoyev’s current visit to the United States and participation in the C5+1 Summit will provide a new and powerful impetus for the practical implementation of initiatives on both the multilateral and bilateral agenda. The visit will undoubtedly strengthen political dialogue, accelerate the realization of investment agreements, expand educational and cultural exchanges, and give fresh momentum to joint projects in energy, transport, and digital technologies.
For Uzbekistan, this visit represents another opportunity to reaffirm its status as an active and reliable partner in Central Asia; for the United States, it serves as a platform to deepen engagement in a region of strategic importance for global stability and economic growth.
Dunyo IA
Founder of BMB HOLDING: Supporting entrepreneurs in the process of building New Uzbekistan has become one of the main goals of the reforms of our Head of state
📅 21.08.2024
In recent years, systematic work has been carried out to create a continuous chain of comprehensive support for the development of entrepreneurship in our country. As a result of the measures implemented and important decisions made over the last seven years, a new generation of entrepreneurs of New Uzbekistan has emerged.
In particular, BMB HOLDING is one of the major subjects of private entrepreneurship, playing an important role in the economic life of our country, and gaining strong positions not only in the domestic, but also in the international market.
On the eve of the 33rd anniversary of independence of the Republic of Uzbekistan, Dunyo information agency talked to Bekzod Mamatkulov, the founder of BMB HOLDING.
– Mr. Mamatkulov, in recent years BMB HOLDING has gained a great reputation not only in Uzbekistan, but also among the international business community. Today, the Holding effectively works in the areas of providing consulting services on investment projects, developing international business and trade relations, attracting foreign investments, export-import exchange, introducing innovative technologies, creating modern agro-industrial clusters. We would like to start our conversation with the organization of the Holding and the history of its development.
– After his election as President, Shavkat Mirziyoyev put on the agenda of our state’s policy such important issues as increasing economic potential, attracting investments and, most importantly, supporting entrepreneurs to bring the country to a new stage of development.
In this sense, the opportunities created for entrepreneurs have radically changed my life goals and made me want to test my potential in business.
We generated our first income through services. Developing business plans and providing consulting services was our first source of income. Later we bought land in Arnasay district of Jizzak region to implement our agricultural projects. We planted mung beans and peas as secondary crops here. The first attempts were successful. The agricultural products we grew gave better results than we expected. For the first time we were able to export our crops abroad. In particular, we started selling agricultural products to Pakistan, India and Afghanistan. Later, we had a plan to supply cotton and grain to the state on a contract basis, and we gradually expanded our financial capacity, making a profit from it.
In 2017, during the visit of the Head of state to Jizzakh region, our project to create a food cluster in Arnasay district was presented. At the meeting, the President emphasized that he would support us, like all businessmen, and expressed great confidence in us. Such attention and support of the President of the country gave us additional strength. After that, there was a desire to further expand our business activities, to test ourselves in new industries, to develop and implement joint projects with foreign partners.
In particular, in 2018, we were among the first to create the largest cotton cluster in the country. Thanks to the attention of the management and creation of favorable conditions for doing business, we created a cluster for growing medicinal plants, namely saffron. Later we organized a fruit and vegetable cluster. This big project, in turn, enabled us to set up a system of sorting, packing and deep processing of fruits and vegetables. Thus, having passed through various stages of business, our small project has now formed into BMB HOLDING. At present the Holding unites 30 enterprises. They employ more than six thousand people across the country.
– It is no secret that today the Holding realizes investment projects of international and national level. As an entrepreneur and a person who knows the business environment in foreign countries, how do you assess the investment environment in Uzbekistan? Are there aspects that do not satisfy you, are there factors that are obstacles for business?
– In the process of building New Uzbekistan, the creation of a favorable investment environment for entrepreneurs has become one of the main goals of the reforms of the Head of our state. The adoption by the President of Uzbekistan of a number of decrees and resolutions aimed at supporting entrepreneurs is yielding results today.
Improvement of tax legislation, creation of the possibility of free currency conversion, reforms in the sphere of private property and a number of other positive changes related to these spheres have played their important role, and entrepreneurs are now considered as the driving force of the country’s economy. In 2020-2022, despite the fact that the coronavirus pandemic worldwide had a large negative impact on the economies and the global investment environment, Uzbekistan’s economic growth rates remained stable and its investment attractiveness continued to grow.
The fact that the inflow of foreign investments into the country has increased significantly testifies to the confidence of international business in the economic reforms in our country. Active diversification of the economy is an important achievement that has opened new opportunities for investors in all sectors, starting with industry.
Now, if we talk about the factors that are obstacles for business, aspects that do not satisfy entrepreneurs, I will tell the truth openly: at the level of the government, reforms are being implemented very intensively, positive changes are taking place. But when you go to the lower level of the system, there are still cases of inattention and carelessness somewhere. I believe that such shortcomings will be eliminated.
– We know that BMB HOLDING is engaged in the production and export of a wide variety of agricultural products. In particular, the organization headed by you has achieved great success in saffron cultivation. Today saffron grown in Uzbekistan is becoming popular in many regions of the world. Tell me, when did you come up with the idea of establishing such a complex sphere as saffron cultivation in Uzbekistan and why did you choose this particular project?
– During President Shavkat Mirziyoyev’s visits to Kashkadarya region in 2017, the issue of cultivation of medicinal plants in mountainous and foothill regions, development of this sphere in our country and export of valuable medicinal plants to the world market was prioritized. The leader of our country also inquired why it is impossible to grow saffron in Uzbekistan despite all conditions, and gave a special instruction to develop this industry. During the President’s visit to Jizzakh region, we made a detailed presentation of our saffron cultivation project. Having familiarized himself with the project, the Head of state expressed his full support to it and instructed the responsible persons to implement the program as soon as possible.
However, it was not easy to realize this project at first. When implementing this business idea, first of all, we deeply studied the demand and supply in the domestic and foreign markets, opportunities and prospects for its implementation in the conditions of Uzbekistan, our own potential in this area, as well as a number of other factors. In 2020, we started to implement the project in pandemic conditions. At first, it took a lot of patience and hard work to find specialists, to bring saffron bulbs suitable for our climate from Europe and to get the desired harvest. In the first year we planted saffron bulbs on 55 hectares of land. The high demand for the harvest and the experience gained stimulated further development and expansion of the project. Today saffron is grown on 400 hectares of land. In the next three years, it is planned to increase the area of saffron plantations to 1,000 hectares and produce 20 tons of pure saffron products per year.
At the beginning of 2024, the product BMB Za’faron for the first time in our region received the USDA Organic certificate, an environmental certificate developed by the U.S. Department of Agriculture, which allowed Uzbek saffron to enter the American markets. After several years of in-depth analytical research, Uzbek saffron grown in the Bakhmal district received the appropriate permission to export to Chinese markets according to the conclusion of the Uzbek-Chinese interdepartmental commission.
– Indeed, a lot of experience in saffron cultivation has been accumulated in recent years. At the same time, what countries’ experience do you think should be studied and implemented in order to grow a competitive product that meets the requirements of international standards and markets?
– In agriculture, each product is grown using a specific method. Such countries as Italy, Austria, South Korea, USA, and Saudi Arabia have enough experience in saffron cultivation. Of course, we study the experience of countries with climatic conditions close to ours and exchange experience with industry experts. I can say that we have mobilized all possibilities to get more crops and export them abroad. The increase in exports, in turn, contributes to increasing the inflow of foreign currency into Uzbekistan and ensuring economic stability.
To bring our national products to the world market and increase their competitiveness, the most important factors are, first of all, quality, then price and, of course, matching production capacity to demand. We have taken these aspects into account in our work and projects, especially in saffron cultivation.
– In Uzbekistan, on the initiative of the Head of our state, an open dialog with entrepreneurs is held annually. Tell me, what impact do these efforts have on the activities of the Holding headed by you?
– It would not be an exaggeration to say that the adoption of a number of resolutions and decrees on creation of favorable business environment and healthy competition in our country, comprehensive support for entrepreneurs, further liberalization of tax policy have served to eliminate the problems that have arisen for many years and hindered the free activity of entrepreneurs.
Thanks to the political will of the President of Uzbekistan, the organizational and legal foundations for the development of the industry have been strengthened, and the attention to entrepreneurs has changed dramatically. Most importantly, all this has already started to yield positive results.
In addition, an open dialog between the President of the Republic of Uzbekistan and entrepreneurs has been established. In my opinion, there is no other country in the world that has such a format.
I can confidently say that the open communication of the Head of state with the business community, which has now become a tradition and is held annually, serves as an important factor in the formation of a new competitive class of entrepreneurs in New Uzbekistan.
I visit many countries for work. In particular, my friends-partners in Italy, Germany, the United States, Austria and other countries highly appreciate the annual dialog of the President of Uzbekistan with entrepreneurs. It is no secret that people look at us with envy when they see the personal attention of the Head of state to the development of business in our country. In fact, it is a great achievement for both sides — the President meets with businessmen, listens to their systemic problems, finds solutions and solves them. Therefore, today all businessmen are looking forward to meeting with the President. This meeting has also become an important forum for businessmen to assess their activities for the year and determine plans for the future. The speeches of our country’s leader at the meeting and important initiatives aimed at further development of the industry, removal of existing obstacles, provision of benefits to entrepreneurs serve as a program for further expansion of businessmen’s activities.
I would like to give an example based on my experience. Before dialoguing with the President, I note in my notebook the issues we face in our work. Listening to the President, I always get comprehensive answers to all my questions based on deep analysis.
– In August 2022, by the decree of the President of Uzbekistan, you were awarded the “Faol Tadbirkor” sign, and in 2023 — the “Dustlik” order. Recall those moments when your entrepreneurial activity was highly appreciated by the leadership of our country.
– Before answering, I have to say one thing. Before coming to business, I worked in state and public organizations for more than 15 years. I never received even a certificate of honor, let alone a state award. Today, the leader’s focus is on people who have sincerely worked for the development of our dear country — Uzbekistan. In recognition of our work, in 2022, I was awarded the “Faol Tadbirkor” sign. In 2023, I had the honor to receive the “Dustlik” Order from the esteemed President. These are not just awards given to me, they are recognition of the work of thousands of dedicated people working in the Holding’s system. Such a high appreciation gives our team more confidence and motivation, and gives us great strength to realize the goals we have set for ourselves.
– The direction of economic diplomacy is becoming increasingly important in attracting foreign investment to Uzbekistan, finding new partners and exporting national products abroad. In this regard, does the Holding, which you head, use the opportunities of diplomatic missions of our country in foreign countries? How satisfied are you with the work of our country's embassies in this direction?
– Frankly speaking, it used to be impossible to meet with diplomats. If you went abroad and wanted to meet with the Ambassador of our country, he would not accept businessmen. This is an open statement. The Ambassador only dealt with politics. Thanks very much to our President, he brought the diplomats’ attention to the economy as well. This, of course, has opened wonderful conditions and opportunities for entrepreneurs. Openness in this sphere, in turn, has become an important step for entrepreneurs in finding foreign partners and attracting investment.
Today, the diplomatic missions of Uzbekistan in foreign countries play a very important role in the activities of the Holding Company, and we feel their support at every stage of realization of our numerous projects. The introduction of the position of Advisor to the Ambassadors of Uzbekistan on economic issues has been very useful for us entrepreneurs. It should be noted that BMB HOLDING has established close relations of economic cooperation with embassies of foreign countries in Uzbekistan, in particular with diplomatic missions of Russia, China, USA and a number of European countries such as Poland, Austria and Latvia.
In a word, the role of diplomatic missions of Uzbekistan and foreign countries in our country is very important in effective realization of the company’s projects.
– Today BMB HOLDING operates in the field of cultivation and production of agricultural products. Our readers are also interested in the future plans of the Holding.
– Our plans for the near future are huge. In particular, the work on establishment of deep processing of agricultural and fruit and vegetable products, and the launching of textile factories in Syrdarya region is in full swing. We also want to implement projects in the field of medicine. Our first project in this direction will be the creation of a health center in Navoi region in 2025. Also, a chain of restaurants and hotels “Zafaron” will be launched in Tashkent city and Tashkent region.
Along with this, we plan to implement the project “Energy-efficient technologies and equipment for production, mining and processing of natural decorative stone” worth 50 million US dollars together with the organization Toksel Makina from Turkey.
– Our last question may be off-topic, but many people are also very interested in this area. We would like to ask about your projects in sports, especially in soccer. What are your goals in soccer and futsal? Also, please, provide information about BMB HOLDING brand ambassadors in the sphere of chess.
– This is an interesting question. BMB HOLDING considers the development of sports in our country, especially soccer and futsal, as one of the main directions of its activity. The Holding was one of the sponsors of Sogdiana soccer club in 2021 and Lokomotiv soccer club in 2022. Since 2023, our Holding has been one of the sponsors of the professional soccer league of Uzbekistan.
At the same time, the BMB PROFESSIONAL FUTSAL CLUB team started its activity in the system of the Holding. A number of famous local and Brazilian futsal players were invited to the team. For the last two years the team won the Cup of Uzbekistan and the Super Cup of Uzbekistan. Today the basis of our team is made up of futsal players playing in the national team of Uzbekistan on mini-football.
On June 30, on the occasion of Youth Day in Uzbekistan together with the Agency for Youth Affairs within the framework of the project of the brand ORRO ROSSO in Milan (this brand is currently the official partner of the Italian soccer club Milan and Monza) we organized a trip to our country of four famous former players of the soccer club Milan, world and European champions Dida, Sergino, Panucci and Zaccardo. I believe that the visit of famous soccer players to Uzbekistan has served to increase the interest and activity of our youth in sports.
As you know, the Futsal World Cup will be held in our country from September 14 to October 6 this year. BMB HOLDING as the main partner organization is preparing for this futsal holiday.
Besides, BMB HOLDING actively supports talented young chess players. Recognizing them as the face and ambassadors of the Holding, we call them brand ambassadors. In particular, FIDE Master of Sports Humoyun Bekmurodov won a silver medal at the X Chessable Sunway Sitges International Chess Festival 2023 held in Barcelona (Spain), and also won the Dubai Police Global Chess Challenge tournament held in Dubai (United Arab Emirates) on May 3-13 this year.
Another of our young chess players is Umida Omonova, a student of the International Chess School, world champion in blitz and rapid, FIDE Master of Sport, member of the Uzbekistan national team, holder of the state award named after Zulfiya, brand ambassador of BMB HOLDING. She also won the 18th round of the Uzbekistan Championship held in April this year.
Another thing is that BMB HOLDING mobilizes all its capabilities and potential in the direction of further prosperity of New Uzbekistan, which is being built under the leadership of the Head of state, improvement of welfare of our people and development of the Motherland.
- Thank you for taking the time to talk to us.
- Thank you.
Dunyo IA
Akramjon Ne’matov: In his Address, President of Uzbekistan placed a key emphasis on the country’s socio-economic development, the enhancement of citizens’ well-being and the strengthening of the economy’s competitiveness
📅 28.12.2025
Comment from the First Deputy Director of the Institute for Strategic and Interregional Studies (ISRS) under the President of Uzbekistan to Dunyo Information Agency
The focal points of President Shavkat Mirziyoyev’s address to the Oliy Majlis and the people of Uzbekistan as well as the signals conveyed to both domestic and international audiences, were highlighted in a commentary by Akramjon Ne’matov, the First Deputy Director of the Institute for Strategic and Interregional Studies (ISRS) under the President of Uzbekistan, in an interview with Dunyo IA correspondent.
The expert highlighted that the primary focus of the Address was on the country’s socio-economic development, the improvement of citizens’ well-being and the enhancement of the national economy’s competitiveness. According to him, the President of Uzbekistan clearly emphasized that it is the economy, the sustainability of development, and the quality of growth that today define Uzbekistan’s opportunities both domestically and in its external engagements.
Akramjon Ne’matov emphasized that despite a challenging and fragmented global environment, Uzbekistan’s economy continues to demonstrate steady growth. For the first time in the country’s history, its GDP surpassed $145 billion this year, whereas just nine years ago, reaching the $100 billion mark was considered an ambitious milestone. Even amid disruptions in global supply chains, exports grew by 23% to $33.4 billion, electricity production in 2025 reached 85 billion kilowatt-hours, and foreign exchange reserves exceeded $60 billion. Over $43.1 billion in investments were attracted to the national economy this year, raising the investment-to-GDP ratio to 31.9%, a clear indicator of the country’s rising investment appeal.
In this context, the expert noted, maintaining high economic growth rates remains an absolute priority. However, what is particularly significant is the shift in focus from quantitative expansion toward a technological and innovative development model. This entails building a knowledge- and technology-based economy, modernizing industry, advancing the digital economy, promoting scientific research and fostering technology transfer. As Akramjon Ne’matov stressed, “An innovative economy ensures long-term competitiveness and reduces dependency on raw materials, which is critically important amid global instability”.
Another strategic priority highlighted by the President of Uzbekistan is the stimulation of domestic demand. According to the expert, the development of the domestic market is seen as a key driver of sustainable growth, encompassing higher household incomes, support for small and medium-sized enterprises, and broader access to financial instruments. Domestic demand, he emphasized, provides stable sources of development and helps shield the economy from external shocks.
Special attention, Akramjon Ne’matov noted, was also given to workforce development and the creation of a new labor market architecture. The President outlined objectives for modernizing vocational education, fostering new competencies, and shaping a flexible and adaptive labor market capable of meeting the needs of a modern economy. He stressed that the labor market and professional development determine the quality of human capital – the key resource of the 21st century.
At the same time, an important focus is placed on ensuring ecological balance, developing “green energy” and the rational use of water resources. The transition to sustainable development, the adoption of renewable energy sources, improving energy and water efficiency, and adapting to climate change are regarded as strategic objectives. Ecology and “green” energy are now considered key factors for national security and sustainable development, Akramjon Ne’matov emphasized.
Among the President of Uzbekistan’s key priorities is also the formation of modern state governance and a fair judicial system. Central to this agenda are enhancing the efficiency, transparency, and accountability of public administration, strengthening the rule of law, digitizing public services and reforming the judiciary. The expert stressed that effective governance and a fair judicial system build trust, enhance investment appeal, and ensure long-term stability.
Overall, he noted, these priorities reflect Uzbekistan’s shift from quantitative growth toward a qualitative model of modernization focused on long-term outcomes.
Based on these strategic directions, Uzbekistan is shaping a framework of key cooperation priorities with international partners, aimed at deepening engagement through high-quality collaboration.
The first priority is technological and industrial partnership. This includes establishing joint high value-added production, localizing advanced technologies, and implementing collaborative research and development projects. The strategic goal is to move beyond simple technology adoption toward co-creation and practical implementation of innovations.
The second priority is the development of human capital. This encompasses joint programs for training and retraining personnel, sustained collaboration between universities, research centers, and industry, and the cultivation of new competencies demanded by the modern economy. The objective is to ensure the sustainability of reforms and enhance the quality of the workforce.
The third priority is “green” energy and resource efficiency. The focus is on joint initiatives in renewable energy, water-saving technologies, and environmentally sustainable solutions. These efforts are viewed as key instruments for reducing ecological risks and enhancing the long-term resilience of the economy.
The fourth priority is infrastructure and multi-level connectivity. The development of transport, logistics, and digital infrastructure aims not only to deepen Uzbekistan’s integration into regional and global supply chains but also to strengthen internal connectivity across the country’s regions, reduce territorial disparities, and improve access to markets, services, and economic opportunities. Taken together, these initiatives reinforce Uzbekistan’s role as a stable regional hub for cooperation and transit.
The fifth priority is institutional development and the quality of public governance. This includes promoting principles of transparent and efficient governance, establishing a fair and independent judicial system, enhancing the effectiveness and professionalism of the civil service, and fostering experience-sharing in the digitalization of public services. These measures create a predictable institutional environment, strengthen trust among investors and partners, and serve as a solid foundation for sustainable, long-term international cooperation.
In conclusion, Akramjon Ne’matov emphasized that Uzbekistan views collaboration with foreign partners as a strategic priority. The country aims to transition from broad but largely quantitative engagement toward high-quality partnerships, centered on technology, human capital, and sustainable growth that align with the long-term interests of all parties.
Dunyo IA
BRIGHT PROSPECTS FOR MUTUALLY BENEFICIAL PARTNERSHIP
📅 21.08.2026
The true strength of interstate relations is determined not only by political agreements or economic indicators. The better nations understand one another, and the greater the respect they show for each other’s history, culture and values, the stronger and more sustainable relations between states become.
In this regard, relations between Uzbekistan and Serbia are acquiring new substance and significance.
Over the past year, important steps have been taken to lay the foundation for a new stage of cooperation between the two countries. In particular, on 28 October, talks were held in Tashkent between President of the Republic of Uzbekistan Shavkat Mirziyoyev and President of the Republic of Serbia Aleksandar Vučić. Among the documents signed following the talks, the Agreement on Cooperation in the Fields of Education, Science and Culture is of particular importance, reflecting the strong attention being paid to the cultural and humanitarian dimension of bilateral relations.
Today, it is essential for us to transform the existing legal framework into practical, substantive cultural projects that produce tangible results for our peoples.
From dialogue to practical cooperation
When discussing the role of Uzbekistan’s national culture on the international stage, we should not limit ourselves to showcasing historical monuments or examples of national art. Culture is a spiritual process that encompasses history, creativity and the worldview of the younger generation. From this perspective, it is important to develop cultural ties with Serbia not as a series of one-off events, but as a systematic and continuous process of creative cooperation.
Uzbekistan’s music and dance, theatre and cinema, visual and applied arts, literature and traditional crafts offer broad opportunities to introduce Serbian audiences to the rich cultural heritage of our country. At the same time, broader promotion and presentation of Serbian culture and art in Uzbekistan will help transform cultural dialogue between our two peoples into a mutually beneficial and mutually enriching process.
In this regard, Days of Culture, exhibitions, concerts, film screenings, theatre tours, creative meetings and master classes are among the most effective instruments for advancing cultural cooperation.
“From Al-Khwarizmi to Tesla”
Cinematography holds a special place in Uzbek-Serbian cultural cooperation. In particular, on 3 April 2026, during a meeting at the Ministry of Culture of the Republic of Uzbekistan with Lav Pajkić, State Secretary of the Ministry of Culture of the Republic of Serbia, organisational issues related to the joint film project “From Al-Khwarizmi to Tesla”, planned to be produced with the participation of the two countries, were discussed. This project represents an important step towards further developing cooperation in the field of cinematography.
The concept of the project itself carries profound symbolic significance. On the one hand stands Muhammad al-Khwarizmi, who made an outstanding contribution to the development of world science; on the other, Nikola Tesla, who holds a prominent place in the history of electrical engineering and invention. Bringing these two outstanding figures together within a single artistic concept provides a unique opportunity to highlight the contributions of the two peoples not only to culture, but also to science, intellectual thought and the advancement of civilisation.
The strength of modern cinema also lies in its ability to convey historical memory to younger generations and a broad international audience through a compelling and accessible language.
Days of culture — not merely a showcase, but a platform for dialogue
The discussion of holding “Days of Uzbek culture” in Serbia in 2026 is also an important area of cultural cooperation between the two countries.
Such an event should not be viewed merely as a concert or exhibition. Days of Culture are a broad platform for presenting a nation’s cultural identity, learning about another people’s culture, and fostering mutual understanding.
Therefore, when presenting Uzbekistan’s culture in Serbia, it is important to combine national music and dance, visual and applied arts, cinema, literature and traditional crafts with creative meetings, master classes, academic and practical conferences, and literary evenings.
Preserving cultural heritage is a shared responsibility. The historical and cultural heritage dimension also holds particular importance in Uzbek-Serbian cultural cooperation.
Uzbekistan’s historic cities of Samarkand, Bukhara and Khiva have played an important role in the development of world civilisation. Serbia, in turn, is also rightfully proud of its historic cities, architectural monuments and rich cultural heritage.
In this regard, the exchange of expertise between museums, archives, research institutions and organisations working in the field of cultural heritage preservation is one of the promising areas of cooperation. Particularly meaningful practical results can be achieved through cooperation in such fields as restoration, museology, the study of archival materials and the digitisation of cultural heritage.
Translation — a strong bridge between two literatures
One of the most important means of bringing peoples closer together is literature. Translating works of Uzbek literature into Serbian and Serbian literature into Uzbek creates opportunities for a deeper understanding of the inner world, historical memory and spiritual values of the two peoples.
In this area, important tasks include organising literary meetings with the participation of writers and poets, holding seminars for translators, establishing dedicated sections in literary journals, and expanding cooperation between higher education and research institutions.
Indeed, every quality literary work translated into another language becomes a bridge not only between two languages, but also between two peoples.
Tashkent and Belgrade: from сity-to-сity сooperation to people-to-people diplomacy
The signing, on 28 October 2025, of the agreement establishing partnership relations between the cities of Tashkent and Belgrade also opens new opportunities for the development of cultural ties. Going forward, these relations can be enriched through concrete cultural exchanges between the two cities.
Mutual visits by artists, theatre companies, musicians, young cultural and creative professionals, as well as museum and library specialists, can bring cultural diplomacy even closer to the people. People-to-people diplomacy begins not only at major international platforms, but, above all, through direct human interaction.
The tasks ahead are clear
At the next stage of Uzbek-Serbian cultural cooperation, it is necessary to clearly define the key priorities.
First, to establish the systematic organisation of “Days of Uzbek culture” in Serbia and Days of Serbian Culture in Uzbekistan.
Second, to ensure the practical implementation of joint film projects such as “From Al-Khwarizmi to Tesla” and further expand creative cooperation in the field of cinematography.
Third, to increase the number of creative exchanges among representatives of theatre, music, dance, visual and applied arts.
Fourth, to strengthen professional cooperation among museums, archives and institutions working in the field of cultural heritage preservation.
Fifth, to intensify the mutual translation of Uzbek and Serbian literary works, support young creative professionals and establish joint creative platforms for them.
Sixth, to expand the use of digital technologies in culture and the arts and develop joint digital projects.
Most importantly, these tasks should not remain merely on paper. They must be supported by concrete projects, clear implementation timelines and tangible results.
The most effective language of closer relations
The role of culture in relations between Uzbekistan and Serbia is steadily growing. The primary purpose of this process is not merely to showcase our national art abroad. Its fundamental objective is to deepen mutual understanding, bring creative communities together, jointly study historical and cultural heritage, and create new platforms for dialogue among younger generations.
Today, the task of cultural diplomacy is to elevate existing ties to a new level, enrich them with meaningful content and transform them into lasting relations between our peoples.
In Uzbekistan’s international cultural policy, it is important to approach relations with each country with due regard for its historical and cultural characteristics. In cooperation with Serbia, we are united by such important principles as shared human values, respect for history, and a strong commitment to science and creativity.
The greatest achievement of culture is that it brings people, rather than borders, closer together.
Developing cultural cooperation between Uzbekistan and Serbia on the basis of this principle is a task for today and our responsibility to future generations. Culture is one of the most powerful factors contributing to the unity, spirituality and enlightenment of peoples.
As long as our national culture remains vibrant, every sphere built upon it can achieve significant success and make a worthy contribution to the development and prosperity of our country.
Ozodbek Nazarbekov
Minister of Culture of the Republic of Uzbekistan
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