From June 16^th to 19^th, the capital will host the 5^th Tashkent International Investment Forum, the country's primary investment platform and one of the region's largest business forums.

Tashkent International Investment Forum (TIIF-2026) has solidified its position as a key investment platform in Central Asia, bringing together states, international investors, and representatives of global business. The forum serves not merely as a platform for dialogue, but as a space where the region's practical investment agenda is actively shaped.

The core idea of the forum lies in the fact that Uzbekistan is consistently cementing its status as a regional investment hub, capable not only of attracting capital but also of defining long-term rules and directions for the economic development of Central Asia.

The scale of TIIF-2025 clearly demonstrated that the forum has transitioned to a new stage of its development. The event brought together more than 8,000 delegates from 97 countries, with the total volume of signed investment agreements reaching 30.5 billion US dollars. These indicators stand as some of the most significant results among regional investment platforms.

The growing number of participants, the broadening geography, and the increased volume of concluded deals bear witness to a notable strengthening of international business confidence in Uzbekistan's investment climate. The forum is increasingly perceived not as a one-off discussion platform, but as a sustainable mechanism for generating real investment solutions.

The significance of the Tashkent International Investment Forum is determined not only by its scale, but also by its practical value for participants. TIIF provides a unique opportunity for direct access to key economic and political decision-makers - ranging from heads of state and governments to representatives of international financial institutions, sovereign wealth funds and major corporations.

The forum cultivates a rare environment where the state, investors, and business are concentrated within a single space, allowing for a seamless transition from general discussions to concrete formats of cooperation. Within the framework of TIIF, B2B and B2G meetings are actively advanced, serving as the cornerstone for concluding investment agreements and launching new projects.

TIIF-2026, scheduled to take place from June 16 to 19 in Tashkent, will maintain and expand upon the framework of previous years, combining elements of high-level political dialogue, business negotiations, and sectoral discussions. The forum's program features a plenary session with the participation of heads of state, panel sessions, thematic pitch presentations, and an expanded exhibition showcasing the country's industrial and investment potential.

One of the defining features of TIIF-2026 is its exceptionally high level of representation, which brings together a unique concentration of political, financial, and corporate capital within a single venue. The forum features heads of state and government, including leaders from Central Asian and European nations, alongside executives from international organizations and multilateral development banks.

Among the participants are representatives from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), and the International Finance Corporation (IFC), alongside sovereign wealth funds and export credit agencies. Such a composition ensures a direct link between state reforms, global financial institutions, and private capital.

The outcomes of the 4th Tashkent International Investment Forum (TIIF-2025) received widespread international acclaim from representatives of government structures, financial institutions, and global business, who noted Uzbekistan's growing role as the region's premier investment hub.

The Director of the Center for Global and Regional Studies (CEGREG), Professor Ikboljon Qoraboev (Kazakhstan), emphasized the scale and significance of the forum:

• Central Asia has once again taken center stage in the international business community. From June 9^th to 12^th, Tashkent hosted the 4^th Tashkent International Investment Forum - the largest regional investment platform, which is consistently gaining momentum and international resonance with each passing year. The scale of this year's forum is truly unprecedented, bringing together around 3,000 foreign delegates from nearly 100 countries.

TIIF is emerging as the premier platform for showcasing the industrial and economic potential of Central Asia, while the participation of state leaders, major investors, and international banks highlights the strategic significance of the forum as a window of opportunity for the region.

Associate Professor at the Azerbaijan State University of Economics, political scientist Emin Garibli (Azerbaijan), accentuated the integration significance of the forum:

• Tashkent International Investment Forum is emerging not only as a key economic platform for Central Asia, but also as a vital instrument for deepening integration processes between Europe and Asia. The forum strengthens Tashkent's status as a regional center of gravity for investment and demonstrates the country's resolve in advancing reforms within the framework of the New Uzbekistan strategy.

Executive Producer of CGTN, Zhang He (China), highlighted the investment impact of the reforms:

• The economic reforms implemented in Uzbekistan have created a more favorable environment for investors. Uzbekistan possesses immense potential in sectors such as industry, 'green' energy, agriculture, information technology, and tourism. This will serve to diversify investments and expand the manufacturing of high-value-added products.

Governor of the Japan Bank for International Cooperation (JBIC), Nobumitsu Hayashi (Japan), noted the transformation of the forum's role:

• The forum has transformed into a fully-fledged regional platform, uniting business leaders and financiers from across Central Asia and Eastern Europe. The reforms in Uzbekistan are creating a predictable and attractive environment for long-term investments.

Chairman of the Chinese company CAMCE, Wang Bo (China), noted the practical value of the forum:

• This prestigious event opens up excellent opportunities not only for our company, but also for foreign investors seeking prospects in the dynamically developing economy of Uzbekistan. For foreign investors, Uzbekistan represents a unique opportunity, particularly in light of the WTO accession process. As the President noted, this will open up even greater prospects for sustainable development, making Uzbekistan an attractive destination for global investment.

Tashkent International Investment Forum (TIIF-2026) is cementing its role as one of the key platforms for investment dialogue in Central Asia, where not only the directions of economic policy are shaped, but also real mechanisms for interaction between the state and global capital are forged.

On the whole, the experience of previous years demonstrates that TIIF has already transitioned from a traditional conference format into a practical investment ecosystem that influences the structure of regional economic development. In this context, TIIF-2026 is viewed as the next phase in strengthening Uzbekistan's role within the global investment architecture and further expanding its integration into international capital markets.

Dunyo IA

Amid growing water scarcity and climate instability in Central Asia, Uzbekistan and Finland are implementing a unique form of scientific cooperation that combines digital innovation with sustainable water resource management.

In 2021, the Ministry of Mining Industry and Geology of the Republic of Uzbekistan and the Geological Survey of Finland (GTK) signed a Memorandum of Understanding aimed at the rational development of natural resources through advanced technologies. Today, this project stands as an example of scientific diplomacy that unites European expertise with Uzbekistan’s potential.

From Paper Maps to Digital Models.

For many years, hydrogeological maps of Uzbekistan existed only in paper form. Within the framework of the joint project, they were digitized using the ArcGIS platform, creating a unified national groundwater database. This digital transformation enables specialists to monitor aquifer conditions, analyze water balances, and forecast the impacts of climate change.

Finnish experts conducted a series of training programs for Uzbek specialists, introducing modern methods of digital mapping and data processing. This strengthened the professional capacity of the sector and laid the foundation for scientifically grounded and transparent water resource management.

Scientific Practice: Experimental Site in Akhangaran.

An experimental site was established in the Akhangaran district of the Tashkent region, where joint research teams conducted geophysical studies and developed digital models of groundwater flow. The obtained data help predict groundwater levels, plan water supply systems, and identify areas vulnerable to drought.

The use of the MODFLOW software package made it possible to create models that provide scientifically based solutions for water resource allocation — particularly important for regions with limited water reserves.

European Partnership for Climate Resilience.

Cooperation with Finland is part of a broader European agenda aimed at supporting climate adaptation and sustainable development in Central Asia. By combining European technologies with Uzbekistan’s scientific resources, the project demonstrates how international partnerships can strengthen ecological security and water stability.

The results of the joint work were published in the journal Water (Scopus) under the title “Assessing Climate Change Impacts on Groundwater Recharge and Storage Using MODFLOW in the Akhangaran River Alluvial Aquifer, Eastern Uzbekistan.”

Furthermore, new areas of cooperation have opened — with the University of Padua (Italy) in geological risk monitoring, and with the Belarusian Scientific and Production Center for Geology in groundwater observation.

Looking Ahead.

The joint project between Uzbekistan and Finland is more than a transfer of technology — it represents a step toward creating a new culture of rational water use and responsible climate action. The establishment of a national digital hydrogeological database will become a key element in the country’s environmentally sustainable development.

As Europe and Central Asia continue to strengthen cooperation in water, energy, and climate, the Uzbek-Finnish project serves as a model of how scientific initiatives can deliver tangible environmental and social benefits.

The Center for Economic Research and Reforms (CERR) has prepared an infographic presenting key indicators of trade, economic and investment cooperation between Uzbekistan and Tajikistan over a nine-year period.

In recent years, economic cooperation between Uzbekistan and Tajikistan has been steadily expanding, now encompassing not only trade but also industrial cooperation across various sectors, particularly energy and agriculture.

A solid legal framework has been established to support bilateral cooperation across multiple areas. In 2018, the countries signed a Treaty on Strategic Partnership, followed by a Treaty on Allied Relations in 2024.

Tajikistan is among Uzbekistan’s key trade and economic partners, ranking 9th among importers of Uzbek goods and accounting for 2% of Uzbekistan’s total exports.

Bilateral trade between Uzbekistan and Tajikistan is conducted under a free trade regime, with total trade turnover approaching $1 bn.

Bilateral Trade Indicators

Trade turnover between Uzbekistan and Tajikistan increased 3.8 times over 2017–2025, from $237.9 mln to $912.4 mln. Exports grew 3.7 times, from $186.1 mln to $683.1 mln, while imports rose 4.4 times, from $51.8 mln to $229.3 mln. Uzbekistan’s positive trade balance expanded 3.4 times, from $134.3 mln to $453.8 mln.

In 2025, compared to 2024, trade turnover increased by 29.9%, exports by 24.1%, and imports by 13.8%.

The structure of Uzbekistan’s exports to Tajikistan in 2025 totaled $683.1 mln and included: industrial goods (various knitted and felt products, plastic products, rolled metal, etc.) – $222.7 mln (32.6%); machinery and transport equipment (including electrical goods) – $58.7 mln (8.6%); petroleum products (gasoline, gas oil, bitumen) – $53.1 mln (7.8%); chemical products (polymers, sulfates, silicates, fertilizers, paints) – $53 mln (7.8%); food products (animal feed, eggs, confectionery, processed meat products, etc.) – $48.2 mln (7.1%); miscellaneous manufactured goods (construction materials, ready-made garments, silk fabrics) – $21 mln (3.1%); non-food raw materials– $8.1 mln (1.2%); other goods (including goods traded by individuals) – $70.1 mln (10.3%); as well as services (mainly railway transport) – $147.4 mln (21.6%).

The structure of imports from Tajikistan in 2025 totaled $229.3 mln and included: metal ores and concentrates (zinc, copper and precious metals) – $108.9 mln (47.5%); coal – $22.3 mln (9.7%); aluminum – $25.4 mln (11%); electricity – $17.9 mln (7.8%); cotton fiber – $17.6 mln (7.8%); fruits – $7.4 mln (3.2%); ferrous metals – $5.1 mln (2.2%); poultry — $2.4 mln (1.1%); plastic waste – $1.8 mln (0.8%); sulfur, feldspar and others; as well as services (mainly railway transport) – $6.6 mln (2.9%).

Investment Cooperation

As of March 1, 2026, there are 420 enterprises in Uzbekistan with Tajik investment (2.2% of the total number of enterprises with foreign investment), including 110 joint ventures and 310 enterprises with 100% Tajik capital.

In 2025, compared to 2024, the volume of foreign direct investment (FDI) and loans attracted from Tajikistan tripled, increasing from $64 mln to $196 mln. Over 2017–2025, the total volume of attracted FDI and loans from Tajikistan amounted to $373 mln.

The main areas of activity of enterprises with Tajik capital include trade, construction materials production, food industry, transport and other services.

Enterprises with Uzbek investment are also successfully operating in Tajikistan. In particular, major joint projects are being implemented in the energy sector, including the construction of hydropower plants on the Zarafshan River. With the participation of private capital from Uzbekistan, the joint venture “Artel Avesto Electronics” was established in Tajikistan in 2019, producing more than 10 types of household appliances.

Prospects for Trade Expansion

Uzbekistan and Tajikistan share a common border and have well-developed transport infrastructure. Given the short delivery distances, transportation costs can be relatively low, which creates favorable conditions for expanding exports.

In this context, Tajikistan represents a promising market for increasing exports of finished products from Uzbekistan that are not produced domestically in Tajikistan and are imported. These include automobiles, household appliances—especially large-sized goods such as refrigerators, washing machines and air conditioners—as well as certain food products, textiles, chemical and other goods.

A meeting of the Organizing Committee for the Second Asian Women’s Forum was held at the Senate of the Oliy Majlis.

The meeting was chaired by the Chairperson of the Senate, Tanzila Narbaeva.

The meeting was attended by members of the Organizing Committee, senators, heads of relevant ministries and agencies, as well as representatives of non-governmental non-profit organizations.

It should be noted that the Head of state, during the 80th session of the United Nations General Assembly held on September 23–29, 2025, proposed transforming the Asian Women’s Forum into a permanent platform.

To this end, it was decided to hold the forum jointly with UN Women and the United Nations Population Fund on May 13–15 this year in the city of Bukhara.

The forum will address issues related to empowering women in the region in areas such as politics, economy, healthcare, education, social protection, climate, environment, and governance. It is expected to enhance both global and regional cooperation, with active exchange of experience.

The event will also serve as a platform to present to international participants the reforms implemented in Uzbekistan under the leadership of the Head of State, including measures to support women, socio-economic opportunities, and conditions created in employment, entrepreneurship, education, and social protection, as well as achievements in community development and tourism potential.

Particular attention will be given to the implementation of key international frameworks, including the Convention on the Elimination of All Forms of Discrimination against Women, UN Security Council Resolution 1325, the Beijing Declaration and Platform for Action, and the Sustainable Development Goals.

During the meeting, participants discussed organizational aspects related to the forum, including its agenda, content, and arrangements for bilateral meetings with foreign delegations.

Following the meeting, relevant ministries and agencies were assigned specific tasks to ensure the forum is held at a high level.

Dunyo IA,

Tashkent

Stolen cultural property dating back to the 2nd and 3^rd centuries AD has been returned to Uzbekistan following a large-scale investigation involving law enforcement agencies and scholars from across Europe.

A number of artefacts, illegally smuggled from the Central Asian republic that was once the heart of the Bactrian and Kushan empires, were presented by the Metropolitan Police's Art and Antiquities Unit at the Embassy of Uzbekistan. They will subsequently be transported back to their homeland, where they will take a prominent place in the exhibition of the recently opened Center of Islamic Civilization in Tashkent.

The event serves as vivid evidence of Uzbekistan's consistent policy regarding the repatriation of national cultural heritage and highlights the growing global trend toward the protection of cultural values.

“This event is a compelling confirmation of the broad international support for the consistent course of the President of Uzbekistan Shavkat Mirziyoyev, aimed at returning cultural treasures to their homeland, - noted Firdavs Abdukhalikov, Director of the Center of Islamic Civilization in Tashkent and Chairman of the Board of the World Society for the Study, Preservation and Popularization of the Cultural Legacy of Uzbekistan (WOSCU). - We are deeply grateful to our partners and law enforcement representatives from European countries for their support and look forward to further cooperation in preserving and restoring our cultural heritage”.

Detective Sophie Hayes of the Metropolitan Police, addressing a gathering of prominent scholars and officials, emphasized that the recovered artefacts are the heritage not only of Uzbekistan but of all humanity. According to her, the investigation was conducted with the assistance of both national and international specialists, as well as the Organization for Security and Co-operation in Europe (OSCE), with the support of the World Society for the Study, Preservation and Popularization of the Cultural Legacy of Uzbekistan (WOSCU).

The items presented at the exhibition are among the findings discovered in November 2025 during an investigation codenamed Operation Inherent Vice by the police.

A total of nine artefacts were on display, including statue heads and fragments of gypsum frescoes. These monuments date from the 2nd-3rd to the 7th century AD and hold exceptional historical significance for both Uzbekistan and the broader Islamic world.

“The return of these priceless artefacts is not only a victory for New Uzbekistan but also a compelling testament to the power of international cooperation in preserving the country's historical heritage, - added Mr. Abdukhalikov, noting that cultural organizations, legal institutions and diplomatic missions have confirmed their readiness to assist Uzbekistan in recovering its lost treasures”.

The ceremony reflected a broader trend toward strengthening global interaction in the field of cultural heritage protection, with a particular focus on increasing transparency and adhering to ethical standards in the art and antiquities market.

The Center of Islamic Civilization also announced its intention to participate in the upcoming Sotheby’s and Christie’s auctions and to visit art galleries in London. These initiatives are aimed at acquiring new items of Uzbek cultural heritage for the purpose of their preservation and return to the homeland.

“Uzbekistan's efforts to return and protect its cultural heritage continue to attract the attention and support of the international community. We are setting a powerful example of coordinated action in the field of restitution of cultural property”, - emphasized Mr. Abdukhalikov.

“The returned items possess exceptional historical and scientific value, as they belong to various eras of the ancient history of the territory of modern Uzbekistan and reflect the diversity of civilizational processes that have occurred in Central Asia over the centuries”, - noted Dr. Farhod Maksudov, Director of the National Center of Archaeology (Institute of Archaeology) of the Republic of Uzbekistan.

IA “Dunyo”

The text of the article is in Uzbek!

The most important sign of civil society is manifested in the fact that citizens exercise complete control over the activities of state structures. According to article 36 of the new version of the Constitution of Uzbekistan, our citizens have the right to participate directly and through their representatives in the management of the affairs of society and the state. Such participation is carried out through self-government, referendums and the democratic formation of state bodies, as well as public control over the activities of state bodies. The procedure for exercising public control over the activities of state bodies is established by law.

In order to organize and regulate relations in the field of public control over the activities of state bodies and institutions, the law “On Public Control” was adopted on April 12, 2018. According to this law, public control is carried out in such forms as appeals and requests to state bodies, public discussions, public hearings, public monitoring, and the study is carried out by citizens' self-government bodies in such forms as hearing reports and information from officials of state bodies.

Consistent work is underway in our country to implement public control and improve the regulatory framework governing this area. By presidential decree dated May 4, 2018, the badge "For contribution to the development of civil society" was established; the decree of the President of Uzbekistan dated July 4, 2018 "On measures to organize the activities of public councils under state bodies" was of great importance for accelerating work in this area. This resolution establishes the procedure for organizing the main tasks, functions, powers and activities of the public council under state bodies, which basically provides that the public council is created by the decision of the head of the state body, carries out its work on a voluntary basis and it is assumed that it will conduct its work on a public basis, as well as be considered as a permanent advisory body whose decisions will be advisory in nature.

As Shavkat Mirziyoyev noted, “There is no more effective tool for achieving the supremacy of the Constitution and the law than public control.” Public control is an important institution of democracy and people's power; it serves to ensure the protection of the rights and legitimate interests of citizens by monitoring the activities of state bodies.

In recent years, special attention has been paid in our republic to ensuring the participation of citizens in the management of society and public affairs, the creation of effective mechanisms for public control over the activities of the executive branch, and further strengthening the functions of public control. In particular, at the initiative of the President of Uzbekistan, a public chamber was established in 2020 in order to further strengthen public control and establish close cooperation between the state and society. It was noted that the public chamber should regularly study the opinion of the population, set specific tasks for government agencies to find solutions. The importance of implementing such influential forms of control as "public hearings", "public monitoring", "public expertise", and "public initiative" was demonstrated.

According to the decree of the President of the Republic of Uzbekistan "On measures to expand financing of projects formed on the basis of public opinion", adopted on October 25, 2022, an additional 335 billion soums were allocated for the implementation of 364 projects, each of which received more than 2 thousand votes in July-September 2022.

In recent years of modern development in our republic, the system of public administration has been improved, effective mechanisms of dialogue with the people have been introduced, and the effectiveness of the role and activities of the Mahalla Institute in the management of society has increased. Virtual and public reception rooms of the President of the Republic of Uzbekistan were created in order to ensure human interests, knowledge and solution of problems and needs of people. These structures have become a mechanism for in-depth analysis of problems on the ground and a criterion for increasing the responsibility of state bodies and officials to society and evaluating their activities.

To date, such systems as "online reception" and "virtual visit" have been introduced, allowing for quick and economical identification of problems on the ground in order to optimize their expenses related to the maintenance of the public administration apparatus, eliminate corruption factors and establish effective public control over budget spending.

As an example, it is worth mentioning that in recent years a new system of dialogue with the people has been created – the activities of the presidential virtual and people's reception rooms. Of the 9,465,000 applications received by the virtual reception of the President, about 9,379,000 have been considered, the rest are also being resolved in accordance with the procedure established by law. The results of the public discussion can also be found on the "portal for discussions of draft regulatory legal acts" (regulation.gov.uz), which is clearly seen in the example. To date, 25384 draft regulatory legal acts have been posted on this portal for public discussion, of which 25183 have already been completed.

In recent years, the study of public opinion has become publicly available. The Open Budget portal was launched to exercise public control over targeted budget expenditures. Citizens can send messages about violations of budget legislation through the Portal, suggestions for improving the budget process, while receiving information such as the state budget, budget execution through this portal. In particular, an initiative budget has been launched through the Open Budget information portal, which is held 2 times a year. Thanks to this portal, citizens are focused on solving problems through joint voting. In the first season (February) 2024, 35,575 initiatives were supported, for which 3,390.5 billion soums were allocated.

Establishing the accountability of public authorities to parliament and local councils, as well as the introduction of the Electronic Government system, led to a further strengthening of public control. As a result, today in our country there is a single interactive portal of public services (my.gov.uz), an open data portal (data.egov.uz), a portal for discussing draft regulatory documents (regulation.gov.uz), and a complex of information systems “License" (license.gov.uz), information system for automating the activities of Single Window centers (birdarcha.uz).

Since 2023, in order to improve the system for identifying and solving social problems among the population in our republic, the practice of monthly hearing information from the heads of relevant government bodies and organizations in the mahalla council has been established, and new forms of public control have been introduced - “mahalla control” groups and “survey” institutions mahalla chairmen." Also, on behalf of the President, the “digital mahalla” system and the “people’s control” platform were improved.

The “My Opinion” web portal, which is under the jurisdiction of the Public Chamber, was created in order to expand the opportunities of citizens in our country to participate in the management of the affairs of society and the state, to ensure the openness of the activities of representative bodies of state power, to ensure the viability and effectiveness of the public administration system. Through this portal, a citizen can send proposals on legislation on important issues of state and public importance in the form of an electronic collective appeal. The My Opinion web portal, which is under the jurisdiction of the Public Chamber, was created in order to expand the opportunities of citizens in our country to participate in the management of the affairs of society and the state, to ensure the openness of the activities of representative bodies of state power, to ensure the viability and effectiveness of the public administration system. Through this portal, a citizen can send proposals on legislation on important issues of state and public importance in the form of an electronic collective appeal "Meningfikrim.uz "(My opinion). To date, more than 6670 collective appeals and about 30,000 comments have been received through the portal.

In recent years, political parties, which are considered to be one of the main actors of civil society in our country, have been given not only ample opportunities for free participation in elections, but also control over the executive branch. Political parties also have the right to exercise public control based on the interests of the public and their electorate. During election processes, local observers at polling stations consist of representatives of political parties and citizens' self-government bodies.

The role of the media in developing openness and transparency in our society, establishing public control over the activities of government bodies and their officials, studying and resolving legal appeals from citizens is also incomparable. In particular, the number of media registered in 2016–2023 increased by 41%, that is, in 2016 their number was 1614, and by 2023 it reached 2140. The number of mobile Internet users also exceeded 33 million.

As can be seen from the above, the main purpose of public control is to ensure respect for the rights, freedoms and legitimate interests of citizens, to ensure legality in the activities of state bodies and officials, and to protect the interests of society.

The Uzbekistan 2030 strategy, developed based on the results of public discussions in order to create a fair and modern state serving the people, identified such priority tasks as: creating the necessary conditions for public participation in the activities of local councils, broad involvement of civil society institutions and the gradual digitalization of their activities, establishing the practice of assessing the activities of heads of state bodies and their deputies based on public opinion, and intensified continuation of work to form an unparalleled attitude towards corruption in society.

As a result of public control, the activities of state bodies in the country are objectively studied, their shortcomings are identified, various violations of legislation are prevented, public participation in the implementation of laws and their preparation is ensured, broader conditions are created for the prompt solution of various problems in society and the will of the population, and special attention should be paid to the fact that public control implies not only control over the quality of the work performed, but also the use of opportunities, as well as participation in their development.

In conclusion, I would like to note that in our republic, constitutional status has been given a state public control. In the new Uzbekistan, the participation of citizens in the management of the affairs of society and the state, including the development and improvement of public control over the activities of state bodies, provides ample opportunities for the full-fledged formation and strengthening of civil society in our country.  If the public control in the country is strong, the state is more humane, free and fair.

N.S.Rasulova, candidate of historical sciences Associate professor of the University  of Public safety of the Republic of Uzbekistan

Dear compatriots!

Sincerely, from the bottom of my heart, I congratulate you, all our people on the holiday of Kurban Hayit, which has come in our country, which is being transformed and illuminated with the light of peace, kindness and harmony every day.

In these blessed moments we all deeply feel the spirit and joy of the great holiday and give immense gratitude to the Almighty for the fact that we meet such bright days together with our people.

Today, Kurban Hayit, firmly established in people's lives as a symbol of mercy, generosity and humanism, is gaining more and more significance, consonant with the content of large-scale reforms in the New Uzbekistan, in which respect for human honor and dignity comes to the fore in all spheres.

It should be especially noted that our sacred religion and this bright holiday, which embodies its humanistic essence, serves as a source of strength and inspiration for us in all good deeds aimed at strengthening the atmosphere of peace and tranquility, friendship and cohesion in mahallas and families, caring for the older generation, youth and women, low-income families, and making sure that no one is left behind.

Dear friends!

In these bright days, when our hearts are filled with joy, we talk about the great work carried out in recent years to revive the original spiritual values, to improve the sacred places, to create favorable conditions for the Muslims of the country to freely perform religious rites, including hajj and umrah.

In a short period of time, international scientific centers of Imam Bukhari, Imam Termezi and Imam Maturidi have been organized. The memorial complexes of Abu Iso Termezi, Abu Muin Nasafi, Sulton Uwais Karani and Suzuk Ota have been radically transformed. Work on the construction and equipping of the Imam Bukhari memorial complex and the Centre for Islamic Civilization is continuing apace. Majestic mosques are being built in many towns and villages.

Over the past seven years, more than 60 thousand Muslims of the country have made the Hajj. These days 15 thousand more of our compatriots are making pilgrimage to two sacred cities - Mecca and Medina, having realized their most cherished dream.

In such blessed moments, when good thoughts come true, we wish them with all our heart to fully perform the rites of Hajj and safely return to their homeland.

On the eve of the celebration of Hayyit, during our telephone conversation with the Chairman of the Muslims' Board, the Honorable Mufti Sheikh Nuriddin Kholiknazar, who is staying in the holy Mecca, he emphasized the created conditions necessary for our compatriots to perform the rites of Hajj. We hope that, having returned home, our pilgrims will become an example in further strengthening the atmosphere of kindness and mutual assistance in the society, in the struggle of enlightenment against ignorance, strengthening the education of youth and establishing harmony in families.

Dear compatriots!

Today we sincerely congratulate our compatriots abroad on this holiday, wish them health, happiness and success.

We convey warm congratulations to believing Muslims in the states of near and far abroad and sincere wishes of peace and progress to their peoples and countries.

May the ongoing wars and conflicts in different regions cease! May peace reign on the Earth forever!

Dear friends!

Today, together with our multinational people, we are building a new Uzbekistan. The new Uzbekistan is a new life, a new development, a happy future.

If we unite more firmly and continue the initiated reforms with even greater determination, we will undoubtedly achieve this great goal.

We will surely raise our children to be a generation of true patriots, highly educated, possessing modern knowledge and professions.

I wish you happiness and success on this path.

May the Almighty protect our nation!

I once again congratulate you on the holy holiday of Kurban Hayit, wish you health, peace and prosperity to your families.



Shavkat Mirziyoyev,

President of the Republic of Uzbekistan

On November 3, President of Uzbekistan Shavkat Mirziyoyev, at the invitation of Emir Sheikh Tamim bin Hamad Al Thani, arrived in Qatar on a working visit to participate in the Second World Summit for Social Development.

Over the years of independence, Uzbekistan and Qatar have progressed from establishing diplomatic relations to forming a comprehensive strategic partnership based on trust, mutual respect, and common interests in the political, economic, and humanitarian spheres.

Qatar recognized Uzbekistan's independence on December 30, 1991, and diplomatic relations between the two countries were established on November 27, 1997. In recent years, the intensity of contacts at the highest levels has significantly increased. A milestone event was the signing of the Strategic Partnership Agreement in Tashkent in April 2024, which solidified a new level of cooperation between the two countries. This document outlines priorities for expanding cooperation in investment, energy, transport, education, and culture.

In June and December 2023, Emir Sheikh Tamim bin Hamad Al Thani visited Uzbekistan, and in October of the same year, President Shavkat Mirziyoyev made a reciprocal state visit to Doha. These meetings marked a new stage in the development of bilateral interactions, giving the relationship between Tashkent and Doha a strategic direction.

Dialogue at the highest level continued within the framework of major international forums, such as the Summit of the Conference on Interaction and Confidence-Building Measures in Asia, the "Central Asia – Cooperation Council for the Arab States of the Gulf" summit, and other global events.

Evidence of the intensification of cooperation was the opening of the Embassy of Qatar in Tashkent in May 2023 and the Embassy of Uzbekistan in Doha in December of the same year. These steps marked a transition to a qualitatively new level of political and diplomatic presence.

An important milestone in the political dialogue was the visit of the Prime Minister and Minister of Foreign Affairs of Qatar, Sheikh Mohammed bin Abdulrahman Al Thani, to Uzbekistan in April 2024. During the visit, the Qatari official was received by President Shavkat Mirziyoyev, where a wide range of issues were discussed, from strengthening political dialogue and expanding investment cooperation to partnership in the energy, transport, education, and culture sectors.

While in Tashkent, Sheikh Mohammed bin Abdulrahman Al Thani also held talks with Uzbekistan’s Minister of Foreign Affairs Bakhtiyor Saidov. During the meeting, the parties confirmed their mutual interest in further deepening cooperation between their foreign ministries, including through regular political consultations.

In turn, in March and October 2024, Uzbekistan's Minister of Foreign Affairs Bakhtiyor Saidov visited Qatar on working trips, where he met with Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani, as well as with leaders of Qatar's Investment Authority and major companies. The meetings focused on expanding economic ties, involving Qatari capital in joint projects, and exploring prospects for cooperation in the transport and logistics sectors.

Particular attention is being paid to the development of trade and economic relations. In 2024, the volume of mutual trade amounted to 7.7 million USD, with exports at 2.2 million and imports at 5.5 million. From January to August 2025, trade turnover grew by 28%, exceeding 7 million USD. Leading positions in exports are held by food products, copper pipes, and services, while imports primarily consist of chemicals and lubricants.

A significant step forward was the first meeting of the Intergovernmental Commission on Trade-Economic and Scientific-Technical Cooperation, which took place in Doha on November 11-12, 2024. Additionally, in June 2024, Qatar Airways launched its first flight on the Doha-Tashkent-Doha route, opening new opportunities for business and tourism exchanges.

Humanitarian and cultural cooperation has also been actively developing. During the pandemic, Qatari charitable foundations provided Uzbekistan with approximately 400,000 USD in humanitarian aid. In recent years, Uzbekistan and Qatar have regularly hosted cultural weeks, craft exhibitions, and concerts. In 2024, the "Culture, Crafts, and Tourism Week of Uzbekistan" was held in Doha, and the "Culture Week of Qatar" took place in Tashkent, attended by Qatar's Minister of Culture Sheikh Abdulrahman Al Thani.

Education cooperation is of particular importance. In September 2024, the agreement was signed in Qatar for the training of Afghan women at the Termez Educational Center, with financial support from Qatar.

Thus, the political dialogue, economic partnership, and humanitarian ties between Tashkent and Doha demonstrate a sustainable dynamic. The consistent implementation of the agreements reached suggests that bilateral relations have transitioned to a new level—one of strategic cooperation, focused on the long-term future and regional stability.

In this context, the upcoming visit of President Shavkat Mirziyoyev to Qatar and his participation in the Second World Summit for Social Development will undoubtedly continue Uzbekistan's consistent foreign policy, aimed at fostering mutual understanding and trust with countries in the Middle East. It will also open new opportunities for comprehensive, mutually beneficial cooperation between Tashkent and Doha for the sustainable development and prosperity of both nations.

«Dunyo» IA

Comprehensive monitoring of key business activity indicators across the regions of Uzbekistan shows growth across all major metrics.

According to оперативные данные from the Tax and Customs Committees, the Central Bank, and the Uzbek Republican Commodity Exchange, the Center for Economic Research and Reforms conducts ongoing monitoring of regional business activity in the Republic of Uzbekistan.

As of January this year, tax revenues demonstrated stable positive dynamics, increasing by 39.2% compared to the same period last year.

The most notable increase in revenues was recorded in the Syrdarya, Navoi, Khorezm, and Kashkadarya regions, where growth rates averaged approximately 49%.

Personal income tax revenues increased by 15.1%, property tax revenues by 19.6%, and land tax revenues by 20.3%.

Customs payments grew by 19.8% year-on-year. The highest growth rates were observed in the Navoi, Jizzakh, and Namangan regions, averaging approximately 67%.

Stable positive dynamics were also recorded in the Samarkand region and the Republic of Karakalpakstan, where revenues increased on average by 31%.

According to the analysis of foreign economic indicators, exports of goods increased by 19.5%. The most significant growth in export deliveries was observed in the Tashkent and Navoi regions, increasing on average by 47%.

At the same time, a notable expansion in lending activity was recorded. During the reporting period, the volume of loans issued by commercial banks increased by 2.7%. The highest growth was observed in the Samarkand, Bukhara, and Khorezm regions, averaging approximately 58%.

The active development of the private sector is confirmed by a significant increase in the number of newly registered business entities. In January 2026, a total of 7,116 new enterprises were registered. The largest number of new business entities was recorded in the city of Tashkent (1,712). Among the regions, the leaders were Tashkent region (735), Samarkand region (610), and Khorezm region (550).

The volume of transactions on the Uzbek Republican Commodity Exchange increased 1.8 times. Growth in exchange activity was recorded in most regions of the country, particularly in the Syrdarya region, where activity increased 11.1 times. In addition, growth was observed in the Khorezm, Surkhandarya, Bukhara, Jizzakh, and Kashkadarya regions, averaging 6.5 times.

Sultonmurod Ozodov,

Center for Economic Research and Reforms

Given the recent geopolitical instability observed around the world, one of the top priorities for every sovereign state is to ensure the security and continuity of its foreign trade routes.

For Uzbekistan, located at the geopolitical center of Central Asia, it is strategically important to maintain the continuous and stable operation of transport and logistics corridors with European countries, which account for a significant share of its foreign trade. It should be noted that in 2025, the volume of Uzbekistan’s international freight traffic with European countries amounted to 1.5 million tons, which is 29% more than in 2024.

Today, the Middle Corridor serves as a safe and reliable transport corridor for export shipments to Europe or import shipments from Europe via land transport. Azerbaijan is one of the most important hubs of the Middle Corridor. In January–March 2026, the volume of international freight traffic between Uzbekistan and Azerbaijan amounted to 28,300 tons, which is 2.9 times more than during the same period in 2025.

Overall, over the past five years, the volume of Uzbek cargo transported via the Middle Corridor has doubled, reaching 1.2 million tons by the end of 2025. While in 2021 the share of cargo transported via this corridor with EU countries was 12%, by the end of 2025 this figure had reached 28%.

Due to its geographical location, Azerbaijan serves as a natural bridge connecting Central Asia to the Caucasus region and Turkey via the Caspian Sea. It will enable the reception of export cargo from the East (China, Central Asia, including Uzbekistan) and its direct shipment to European markets via the ports of Poti and Batumi in Georgia and Mersin and Ambarli in Turkey.

Today, bilateral and multilateral cooperation in the transport and logistics sector has been established between Uzbekistan and Azerbaijan. This cooperation makes a significant contribution not only to the development of bilateral relations but also to the development of the Middle Corridor, connecting the Central Asian region with Europe.

Recent reports by prestigious international financial institutions, such as the World Bank and the European Bank for Reconstruction and Development, dedicated to studying the potential of the “Middle Corridor,” have analyzed a number of obstacles that reduce the corridor’s effectiveness. In particular, international experts note that one of the main challenges to the corridor’s development is the disparity in digitalization levels among transit countries, the lack of a unified platform for information exchange, and the persistence of paper-based bureaucratic processes at border and customs checkpoints.

It is precisely to address these systemic challenges in practice and increase the capacity of the “Middle Corridor” between Uzbekistan and Azerbaijan that active and exemplary digital integration processes have been established. In particular, the “E-TIR” system has been successfully implemented, streamlining customs procedures between the two countries and reducing the human factor. Additionally, in the field of international road transport, efforts are actively underway to fully transition to the paperless “E-PERMIT” system.

Furthermore, Uzbekistan and Azerbaijan are implementing the necessary measures to develop freight transport within the “Asia-Pacific Region – China – Kyrgyzstan – Uzbekistan – Turkmenistan – Azerbaijan – Turkey – Europe” (CASCA+) framework for multimodal transport along the Middle Corridor. In 2025, 6,722 TEU container shipments were carried out on this international route, which is 47% more than in 2024. Preferential rates have also been established for this route for 2026, and a further increase in transport volumes is expected.

It should be noted that the railway administrations of Uzbekistan and Azerbaijan are the initiators and active participants in the implementation of a set of measures aimed at developing the “Middle Corridor” transport and logistics network. In particular, to further expand the potential of this corridor, a multilateral meeting was held in 2024 between the railway authorities of Kyrgyzstan, Uzbekistan, Turkmenistan, Azerbaijan, Georgia, Turkey, and Tajikistan. Following these negotiations, an institutional platform—the “Eurasian Transport Route” Association—was established to accelerate freight transportation processes and create a mechanism for the prompt removal of logistical barriers arising within the system.

In conclusion, it should be noted that the strategic partnership between Uzbekistan and Azerbaijan in the transport and logistics sector contributes not only to the stabilization of the two countries’ foreign trade turnover but also to the integration of the entire Central Asian region into the international supply chain. The implementation of digital solutions that eliminate bureaucratic barriers, the diversification of multimodal routes, and the strengthening of institutional mechanisms will further enhance the international transit appeal of the “Middle Corridor.” This, in turn, will increase the resilience of Uzbekistan’s economy to external shocks amid global geopolitical changes and serve as a solid guarantee for the safe and uninterrupted conduct of international transport operations.

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

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

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

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

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

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

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

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

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

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

THE NUMBER OF EXPORTERS IS GROWING

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

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

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

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

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

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

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

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

INVESTMENT DIALOGUE

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

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

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

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

POSITIVE ASSESSMENT

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

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

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

Deputy of the Legislative Chamber

of the Oliy Majlis of the Republic of Uzbekistan,

Doctor of Economic Sciences, Professor Durbek Akhmedov