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Information on infrastructure and first investment projects' construction presented
Information on infrastructure and first investment projects' construction presented

The President got acquainted with the construction of transportation infrastructure and engineering communications in New Tashkent.

As is known, the city under construction is designed for 1 million residents, which requires appropriate infrastructure with a view of long-term operation. In this regard, major underground engineering works are underway, laying the foundation for future grandiose constructions.

It is planned that infrastructure, daily life and ecology will harmoniously coexist in the new city. For instance, it is planned to create an environmentally friendly transportation system - metro and electric buses will be closely interconnected. For transportation 14 tunnels will be built, underground parking lots for 100 thousand cars will be equipped. In addition, all conditions will be created for barrier-free and safe movement of pedestrians and cyclists.

At one of the future intersections, foundation pouring for columns and waterproofing works are already underway. The President reviewed these processes. Recommendations were given on the use of high-quality and resistant materials.

Currently, the construction of one-section and two-section engineering collectors has begun, through which all centralized heating, water, electricity and telecommunications networks will pass underground.

The city will apply “smart” technologies in line with modern urbanization requirements. For the first time in the country, a “trigeneration” plant will be built here. Wastewater will be processed using modern technologies, and the resulting water will be used for irrigation and technical needs.

The President was also presented with the projects envisioned within the framework of the first stage of construction of New Tashkent. The winners of the auctions at which land plots were offered presented their investment initiatives.

Many local and foreign investors are interested in New Tashkent. Within the framework of the first phase, 11 mixed-use complexes, as well as hotels and restaurants have already been launched at a total cost of $490 million. Residential and commercial facilities as well as social institutions will make the neighborhood lively and attractive. Meanwhile, hotels and restaurants built in a unique architectural style will provide high-class service to guests and turn the city into a tourist center.

Next year, land plots for subsequent phases will be put up for bidding. Each phase will present new investment opportunities and projects. This will not only contribute to the further development of the city, but also create many new jobs and support local businesses.

In general, it is planned to create about 200 thousand high-income jobs in New Tashkent through the introduction of innovative technologies. Technoparks, IT-park, educational and medical clusters will be created for this purpose.

Uzbekistan Firmly Establishes Itself as a Stable and Predictable Partner for Long-Term International Business
Uzbekistan Firmly Establishes Itself as a Stable and Predictable Partner for Long-Term International Business

The initiatives announced by President of Uzbekistan Shavkat Mirziyoyev during the Open Dialogue with entrepreneurs in Khiva, Khorezm Region continue to generate a strong response and heightened interest among representatives of the international business community, foreign investors, and transnational corporations.

The scale and depth of the announced reforms are being viewed by the global market as a clear sign of the country’s readiness to guarantee maximum capital security, ensure legal predictability, and create the most favorable conditions for doing business in the region.

The Open Dialogue sent a clear signal to the international business community. The meeting in the Khorezm Region not only summarized the large-scale transformation of the business environment in recent years, but also reaffirmed the country’s strategic course toward deep integration into global value chains, the promotion of exports, and the uncompromising protection of investors’ rights.

In recent years, the country has demonstrated impressive economic growth. The number of registered business entities has nearly doubled and exceeded 530,000, while 2.4 million permanent jobs have been created in the private sector, and export volumes have reached a historic high. However, the main message of the Khiva Dialogue is addressed to international partners and is focused on the future: Uzbekistan is building a highly predictable, secure, and favorable ecosystem for investment capital.

For foreign investors and joint ventures, opportunities for institutional support and access to financing are being significantly expanded.

The State Fund for Entrepreneurship Support has been reoriented toward supporting projects in the services sector and medium-sized businesses, while an additional 100 million dollars has been allocated to guarantee credit lines.

As part of the state program supporting high-growth companies, a system of grants and preferential financing of up to 10 billion sums has been introduced. This creates a strong platform for launching and developing high-tech and innovative startups with foreign capital participation.

In addition, in order to encourage joint ventures to enter global markets, the state will cover up to 50 percent of companies’ expenses for placing their products on major international electronic trading platforms.

A central part of the Dialogue was strengthening the inviolability of private property and ensuring absolute stability of tax legislation.

In order to reduce administrative pressure, a “single window” principle for assessing tax risks is being introduced. In Uzbekistan, duplicative inspections by regulatory authorities are being abolished, while the procedure for analyzing tax gaps is being adapted to international standards with the direct participation of the business community.

At the same time, penalties for administrative and criminal offences have been toughened for any unlawful interference by government bodies in the activities of business entities.

Uzbekistan is consistently implementing sustainable development standards and green growth principles, opening up broad prospects for institutional and green investors.

For enterprises investing in energy-efficient technologies and solar power generation, a package of tax deductions, accelerated depreciation mechanisms, and special tariff preferences has been introduced.

As part of the adaptation to international environmental standards and the requirements of the European carbon regulation mechanism, the country is launching a national certification system for “green” products, which will ensure the unhindered access of domestically produced goods to highly competitive global markets.

The holding of the Dialogue in Khiva underscores the state’s strategic priority of decentralizing the economy and ensuring the comprehensive development of the regions.

In the Khorezm Region, a special legal regime is being established for pharmaceutical, textile, and IT clusters, with direct integration into international transport and logistics corridors connecting Central Asia with the markets of the Middle East, South Asia, and Europe.

In special economic zones, the principle of full infrastructure readiness is being introduced. All engineering and utility networks are to be provided on a turnkey basis by the state before the arrival of the management company or investor.

The outcomes of the Open Dialogue in Khiva confirm Uzbekistan’s transition from a series of individual reforms to the establishment of strong institutional guarantees.

For international investors and transnational companies, this means a systematic reduction in country risks, direct state support at all stages of project implementation, and reliable access to the dynamic Central Asian market with its young and highly qualified human capital.

Today, Uzbekistan is firmly establishing itself as a stable and predictable jurisdictional hub for long-term international business.

 

Sadriddin Suyarov

Dunyo IA

INTERNATIONAL DAY OF PARLIAMENTARISM: SIGNIFICANCE, CHALLENGES, AND PROSPECTS IN THE GLOBAL DEMOCRATIC AGENDA
INTERNATIONAL DAY OF PARLIAMENTARISM: SIGNIFICANCE, CHALLENGES, AND PROSPECTS IN THE GLOBAL DEMOCRATIC AGENDA

Parliamentarianism in the Face of Global Challenges
 
Parliaments play a key role in the system of democratic governance, ensuring the representation of citizens' interests, exercising oversight of the executive branch, and carrying out legislative functions. In the context of increasing global polarization, declining trust in state institutions, and growing pressure on freedom of expression and parliamentary independence, the question of rethinking and strengthening the role of parliaments becomes particularly relevant.
In this context, the International Day of Parliamentarism, observed annually on June 30, takes on not only symbolic but also practical significance. It underscores the role of parliaments as key pillars of democratic transformations while simultaneously serving as a global platform for addressing current challenges, advancing institutional reforms, and developing innovative models of representation that align with the political and social realities of the 21st century.
Modern parliaments are expanding beyond internal regulatory institutions to become active participants in the global political and legal architecture, engaging in the resolution of transnational challenges such as climate change, digital transformation, migration crises, public health protection, and human rights safeguarding. In this context, parliamentary diplomacy, transparency, and inclusiveness are acquiring a new dimension.
As emphasized in official UN documents, "strong parliaments are the foundation of democracy," because they "reflect the will of the people, pass laws, and hold governments accountable." It is no coincidence that UN Secretary-General António Guterres, in his address on the International Day of Parliamentarism on June 30, 2018, noted that "Parliaments can be pillars of democracy, important defenders of human rights, and a link between local and global issues. Through legislative and budgetary decisions, they can contribute significantly to achieving the Sustainable Development Goals."
In April 2025, the capital of Uzbekistan hosted the 150th anniversary Assembly of the Inter-Parliamentary Union for the first time - an event of historic scale for Central Asia. The forum, held under the theme "Parliamentary Action for Social Development and Justice," gathered about 1,400 delegates from approximately 130 countries, including over 100 speakers and deputy speakers of national parliaments.
Opening the Assembly, President of Uzbekistan Shavkat Mirziyoyev emphasized the significance of the event and the scale of participation: "You are like a strong bridge connecting peoples with firm friendship. You are a powerful force capable of perceiving the concerns and problems of ordinary people, elevating them, if necessary, to the regional and international level, and finding effective solutions for them." The Head of State noted that participation in the Inter-Parliamentary Union reflects confidence in efforts towards democratic reforms and the expansion of parliamentary powers. He also expressed confidence in the role of parliaments as a key mechanism for peacemaking, social development, and justice.
 
The Establishment of International Parliamentarism Day
 
The date of the celebration - June 30 - is symbolic: it was on this day in 1889 that the Inter-Parliamentary Union was established, laying the foundation for organized international cooperation between legislative bodies and the formation of modern parliamentary diplomacy.
The establishment of the International Day of Parliamentarism dates back to UN General Assembly Resolution A/RES/72/278 of May 22, 2018, adopted at the initiative of the Inter-Parliamentary Union in connection with its 130th anniversary. Founded by two pacifists - British William Cremer and French Frédéric Passy - the Inter-Parliamentary Union was originally conceived as a platform for peaceful arbitration and dialogue. Over time, it has transformed into a unique global platform for parliamentary diplomacy and inclusivity. During the Cold War and in the post-colonial world, the Inter-Parliamentary Union maintained neutrality and became a rare space for dialogue between opposing blocs, and later - a link between parliaments and UN structures.
To date, the Inter-Parliamentary Union unites 181 national and 15 regional parliaments and serves as a central institution in parliamentary diplomacy, promoting gender equality, protecting human rights, and fostering sustainable development. According to the Secretary General of the Inter-Parliamentary Union Martin Chungong, "modern parliaments must develop significantly to meet the demands of today's world."
The proclamation of this day became a legal recognition of both the historical and contemporary role of parliaments as institutions of popular sovereignty, democracy, and parliamentary oversight. The Inter-Parliamentary Union played a key role in shaping parliamentary diplomacy practices, promoting inclusivity, equality, and transparency, and establishing the principles of the rule of law at the international level.
Resolution 72/278 not only immortalized this historic date but also gave it modern significance, emphasizing the central role of national legislative bodies in ensuring accountability, transparency, human rights protection, adherence to the principle of the rule of law, as well as in implementing the international obligations of states within the framework of the 2030 Agenda for Sustainable Development.
From a historical and legal perspective, the establishment of the International Day of Parliamentarism should be viewed as an act of institutionalizing global recognition of parliamentarism's significance in the development of democracy and the rule of law. Furthermore, the resolution documented the contribution of parliaments to the implementation of national plans and strategies, as well as their responsibility for monitoring the execution of international agreements. This strengthens the legal status of parliaments within the national, regional, and global governance systems.
 
International Day of Parliamentarism: Key Objectives and Priorities
 
The International Day of Parliamentarism serves as an institutional mechanism for stimulating parliamentary development, a catalyst for institutional self-analysis, and a platform for transnational dialogue in the realm of lawmaking and parliamentary oversight. Its primary function is to mobilize national parliaments to critically examine their own activities, including assessing their effectiveness, as well as to actively engage in international initiatives aimed at promoting inclusivity and transparency within the context of universal democratic standards.
According to analytical reports by the Inter-Parliamentary Union and the UN, the main objectives and priorities promoted within the framework of the Day of Parliamentarism are:
First, strengthening the accountability and transparency of parliamentary activities, including the development of mechanisms for reporting to citizens;
Second, expanding the participation of women, youth, and vulnerable groups in parliamentary structures, both at the legislative and procedural levels;
Third, enhancing the effectiveness of parliamentary oversight, especially regarding the implementation of state programs and international obligations;
Fourth, improving legislative expertise, including through the involvement of the scientific and expert community;
Fifth, the digital transformation of parliamentary processes, encompassing both internal procedures (including electronic voting and document management) and forms of public interaction;
Sixth, institutionalizing the contribution of parliaments to the implementation of the 2030 Agenda for Sustainable Development, including monitoring the achievement of the Sustainable Development Goals (SDGs).
The significance of the International Day of Parliamentarism is particularly heightened in the context of global transformations in democratic governance and the growing demand for inclusivity, transparency, and social justice.
The themes and mottos of the annual global campaigns organized as part of the International Day of Parliamentarism consistently emphasize these identified priorities and reflect parliamentarism's ability to adapt to the multifaceted challenges of our time - climatic, political, technological, and demographic. Examples from recent years clearly illustrate this focus:
 
  • 2021 - "I say 'yes' to youth in parliament!";
  • 2022 - "Civic participation at the heart of parliamentary democracy";
  • 2023 - "Parliaments for the planet" (environmental sustainability);
  • 2024 - "Parliamentary diplomacy: building bridges for peace and mutual understanding."
In 2025, the central theme of the International Day of Parliamentarism became achieving gender equality under the motto: "Step by step towards gender equality," which demonstrates the priority of equal representation on the global parliamentary agenda. The campaign, initiated by the Inter-Parliamentary Union in partnership with UN Women, under the slogan "Achieving Gender Equality: Action by Action," is timed to coincide with the 30th anniversary of the Beijing Declaration and Platform for Action. The campaign emphasizes the need for immediate, consistent, and systematic steps, especially in the context of slowing progress and even regression in the field of gender representation in some countries. As emphasized in the campaign materials, "it's time to move from words to deeds. Every step matters."
The International Day of Parliamentarism is gaining significance not only as a symbolic but also as a normative tool designed to stimulate systemic reforms within national parliaments, as well as to strengthen international parliamentary cooperation based on the principles of equality, participation, and sustainable development.
 
Modern Parliamentarism: The Gender Dimension
 
Despite the progress achieved, structural inequality in political representation remains one of the most pressing challenges for modern parliamentarianism. According to data from the Inter-Parliamentary Union, as of early 2025, women make up less than one-third of the total number of deputies in national parliaments worldwide. This disproportion affects not only equality of access to power, but also the substantive agenda of legislative bodies, including issues of preventing gender-based violence, protecting reproductive health, ensuring equal employment opportunities, and social justice.
As emphasized in the UN Women report, "without equal representation of women in government bodies, it is impossible to ensure a fair and sustainable democracy." Gender equality, in this context, is viewed not only as a component of social justice but also as a structural foundation for inclusive, sustainable, and legitimate parliamentary institutions.
This issue gained particular significance during the 150th anniversary Assembly of the Inter-Parliamentary Union held in Tashkent, which officially launched the parliamentary campaign "Achieving Gender Equality: Action by Action." The program is based on three strategic priorities:
  • ensuring equal participation in decision-making at all levels of the parliamentary structure;
  • institutional transformation of parliaments into gender-sensitive bodies with equal conditions and support mechanisms;
  • systematic combating of gender-based violence and discrimination, including forms of political pressure and violence in the public sphere.
In this context, the words of the President of Uzbekistan Shavkat Mirziyoyev, spoken at the Tashkent session of the Inter-Parliamentary Union, are relevant: "Firmly securing women's rights is one of the key conditions for societal development. Analysis shows that if equal participation of women and men is ensured in all sectors of the economy, the global gross domestic product could increase by 26 percent."
This position received high praise from the international community. As the President of the Inter-Parliamentary Union, Tulia Ackson, emphasized: "We are witnessing an increase in the number of women in parliament, as well as active participation of youth in parliamentary work. We are proud that the speech of your country's President formed the basis of the Tashkent Declaration. In it, issues such as the Sustainable Development Goals, social justice, the role of women and youth in society, and gender equality have taken a special place."
For over four decades, the Inter-Parliamentary Union has been implementing comprehensive measures to expand women's rights and opportunities in politics. A central mechanism in this work has been the Forum of Women Parliamentarians, which played an important role in institutionalizing equal participation. Key achievements include the introduction of mandatory gender composition for parliamentary delegations, the inclusion of men in promoting equality as allies, and the application of sanction mechanisms, including restrictions for delegations that do not include women.
According to Martin Chungong, Secretary General of the Inter-Parliamentary Union: "Modern parliaments must develop significantly to meet the demands of today's world." He notes that thanks to a consistent policy of inclusivity, women's participation in the activities of the Inter-Parliamentary Union has increased from 11-12% to almost 38%.
In its activities, the Inter-Parliamentary Union also actively relies on the provisions of UN Security Council resolutions No. 1325 (2000) and No. 2250 (2015), which emphasize the importance of including women and youth in peace, security, and recovery processes. Gender-sensitive parliamentarism is viewed as a key to strengthening public trust, preventing violence, and restoring the social fabric in post-crisis societies.
Promoting gender equality within the parliamentary system serves as an integral element of democratic transformation and institutional stability. Increasing women's representation strengthens the legitimacy of power, promotes broader consideration of the interests of various social groups, and ensures a qualitatively more balanced legislative agenda.
 
International Day of Parliamentarism: A Catalyst for Sustainable Development and Global Dialogue
 
The International Day of Parliamentarism serves as a universal platform for summarizing achievements, parliamentary reporting, deepening international dialogue, and advancing global agenda priorities. This day symbolizes the recognition of parliaments' central role in democratic governance and sustainable development.
The Inter-Parliamentary Union, uniting 181 national parliaments and 15 parliamentary associations, actively uses this date as a tool for consolidating efforts in response to contemporary challenges. In the context of intensifying transformational processes, growing global instability, and declining trust in state institutions, parliaments are becoming key actors in ensuring institutional stability, inclusiveness, and accountability.
Every June 30th, the Inter-Parliamentary Union initiates a wide range of activities, including the publication of analytical reports on the state of democracy and parliamentarism, the collection and synthesis of best practices developed through inter-parliamentary cooperation, and discussions on pressing challenges - from climate threats and digital inequality to limited political participation and the crisis of trust.
Particular attention is paid to the inclusiveness of parliamentary systems. The Inter-Parliamentary Union regularly monitors the representation of women, youth, and marginalized groups in legislative bodies, emphasizing the importance of their participation as an indicator of democratic maturity. In this context, promoting legislative initiatives and institutional reforms aimed at ensuring equal access to decision-making, transparency, and accountability is becoming a priority.
The environmental agenda plays a significant role: parliaments are increasingly involved in implementing the Sustainable Development Goals and international climate commitments, including the Paris Agreement. Legislative support for climate strategies is seen as a necessary condition for a fair and inclusive green transition.
The International Day of Parliamentarism also serves as a platform for developing parliamentary diplomacy. In the context of conflicts, geopolitical turbulence, and democratic transitions, the Inter-Parliamentary Union acts as a mediator and coordinator, facilitating dialogue, exchange of experience, and strengthening trust between parliaments of various regions. This contributes not only to the advancement of democracy but also to the reinforcement of global stability.
In this context, the Inter-Parliamentary Union performs not only a coordinating function, but also normative-analytical, expert, and methodological roles, shaping a comprehensive strategy for parliamentary development. The International Day of Parliamentarism is becoming an effective mechanism for strengthening the role of parliaments in the global governance architecture, as well as an impetus for reassessing their responsibility in promoting democratic values and fulfilling international commitments.
 
International Day of Parliamentarism: A Platform for Mobilizing National Initiatives
 
The International Day of Parliamentarism is increasingly being utilized by the Inter-Parliamentary Union as a strategic platform for promoting parliamentary development priorities and consolidating the efforts of national legislative bodies to achieve global goals.
Thanks to the coordinating role of the Inter-Parliamentary Union and the active support of its partners, parliaments of more than 100 countries annually organize events dedicated to June 30. These initiatives contribute to transforming the date into a sustainable element of political and institutional culture.
In several countries, the International Day of Parliamentarism is becoming a starting point for a wide range of programs aimed at strengthening the connection between parliaments and civil society. These include public hearings and open parliamentary sessions organized to engage the population in discussing current agendas; expert round tables and seminars focused on the challenges of modern parliamentarism; and educational events for youth, including parliamentary simulations, excursions, lectures, and interactive platforms.
Special attention is paid to environmental and digital components. In recent years, initiatives to plant trees and other actions within the framework of parliamentary climate responsibility have become increasingly widespread. Simultaneously, the practice of so-called "parliamentary hackathons" - interactive sessions involving IT communities, students, and digital technology specialists - is developing. These events contribute to the introduction of technological innovations in legislative activities, the expansion of feedback channels, and the digital transformation of parliaments.
Innovative formats are developing particularly dynamically in Asian, African, and Latin American countries. Parliamentary hackathons are typically implemented in partnership with youth parliaments, universities, and technology clusters. This contributes not only to expanding citizen participation but also to institutionalizing digital approaches in lawmaking and parliamentary monitoring processes.
Thus, the International Day of Parliamentarism goes beyond being a symbolic date, becoming an effective tool for institutional renewal. It helps strengthen trust in representative bodies, increase political inclusiveness, and introduce innovative governance approaches. In the long term, such practices form sustainable models of democratic interaction based on the principles of participation, transparency, and accountability.
 
Parliamentary transformation as a vector of sustainability
 
In the context of increasing political polarization, digital transformation, and global challenges - from climate-related to socio-economic ones - the significance of parliaments as democratic institutions continues to grow. In this context, the International Day of Parliamentarism gains potential not only as a symbolic but also as a strategic platform for parliamentary renewal and international cooperation.
To enhance this day's role on the global agenda and integrate it into national practices, it seems appropriate to develop the following areas:
Firstly, the institutionalization of the International Day of Parliamentarism at the national level. This includes its official incorporation into political events calendars, the development of parliamentary plans for its implementation, regular public reporting on parliamentary activities, and the allocation of targeted budget funds for relevant events. This practice contributes to transforming the date into an integral part of parliamentary culture and a mechanism of democratic accountability.
Secondly, the development of citizen participation in parliamentary processes. This can be implemented through advisory councils under parliaments, digital feedback platforms, youth parliamentary simulations, educational campaigns, and other forms of public dialogue. Activating citizens' participation in shaping the legislative agenda helps increase the legitimacy of decisions made and strengthen trust in parliamentary institutions.
Thirdly, promoting regional and global inter-parliamentary initiatives. Of particular importance are holding joint assemblies, creating thematic working groups, exchanging best legislative practices, and coordinating supranational standards of parliamentary activity. This allows for the development of coordinated approaches to addressing transnational challenges and strengthens the role of parliaments in the global governance architecture.
Fourthly, the development of the analytical and methodological foundation of parliamentary activity. It is important to promote the development of unified indicators for assessing the effectiveness, transparency, inclusivity, and accountability of parliaments. Conducting comparative studies, participating in monitoring missions, and systematizing best practices enable scientifically grounded support for parliamentary modernization processes.
Finally, special attention should be paid to the issues of independence and security of parliamentarians as an integral condition for the implementation of parliamentary oversight and legislative activity. Strengthening legal, institutional, and procedural guarantees aimed at protecting deputies from political pressure, threats, and violence should be seen as a crucial element in ensuring the rule of law, political pluralism, and the stability of democratic institutions.
Thus, a comprehensive reassessment of the role and functions of parliaments in the context of global transformation requires a systematic approach that combines institutional strengthening, digital renewal, inter-parliamentary solidarity, and guarantees of democratic independence.
 
The Parliamentary Future: From Symbol to Action
 
The International Day of Parliamentarism is not merely a commemorative date, but a significant occasion for rethinking the role of parliaments in the architecture of modern democratic society. This event acts as a catalyst for promoting the principles of inclusivity, transparency, and accountability, which strengthens citizens' trust in parliaments and enhances their ability to adapt to a rapidly changing world.
As the Secretary General of the Inter-Parliamentary Union, Martin Chungong, emphasizes, the Union's task is to "positively influence at least one person a day," and the path to this is "unwavering commitment to dialogue, inclusion, and responsibility."
In the face of global challenges - from digital inequality to political fragmentation - parliaments remain key institutions capable of ensuring sustainable, legitimate, and just development. Their ability to respond to the challenges of the 21st century is determined not only by legal mandates but also by their deep connection with society, openness to reforms, and readiness for self-assessment.
In 2025, the key focuses of the Day of Parliamentarism are particularly relevant. Despite international efforts and progress, gender equality in politics remains an unattainable goal for most countries. The "Step by Step to Achieve Gender Equality" campaign emphasizes: this is not an abstract formula, but a practical strategy that requires consistent legislative, institutional, and cultural changes.
Only by ensuring equal participation of all citizens - regardless of gender, age, ethnicity, or social status - can parliaments truly become democratic and viable institutions. Their ability to reflect the multifaceted nature of society, respond to crises, and develop sustainable solutions will become the main criterion for successful parliamentarism in the 21st century.
 
Academician, Prof. A. Saidov,
Vice-President of the Inter-Parliamentary Union (2020-2023),
Member of the Legislative Chamber
of the Oliy Majlis of the Republic of Uzbekistan

The President of Uzbekistan noted the priorities of expanding partnership with the World Bank
The President of Uzbekistan noted the priorities of expanding partnership with the World Bank

President of the Republic of Uzbekistan Shavkat Mirziyoyev met with World Bank Vice President for Europe and Central Asia Antonella Bassani on September 30.

The sides considered topical issues of further expansion of strategic cooperation with the World Bank Group and support of this leading international financial institution to the ongoing reform program in New Uzbekistan.

At the beginning of the meeting, Vice President Antonella Bassani conveyed to the head of our state sincere greetings and best wishes of World Bank President Ajay Bangui.

During the conversation, the current high level and fruitful nature of bilateral cooperation were noted with deep satisfaction.

In recent years, our country has become one of the largest partners of the Bank - the portfolio of projects has increased several times and now exceeds 12 billion dollars.

The World Bank supports the implementation of important reforms aimed at ensuring the sustainability of economic and social sectors. Since July this year, the Bank's regional office has been operating in Tashkent.

Such areas as poverty reduction, transformation of state-owned enterprises and banks, decarbonization, support for WTO accession and others have been identified as priorities for further expansion of the partnership.

Special attention was paid to the programs of urbanization and integrated development of regions, modernization of energy and irrigation infrastructure, support to the private sector.

There was also an exchange of views on the promotion of regional projects.

Uzbekistan and Serbia: From Labour Mobility to a Strategic Partnership in Human Capital
Uzbekistan and Serbia: From Labour Mobility to a Strategic Partnership in Human Capital

As Serbia’s economy continues to develop and demand for skilled workers grows across a number of sectors, an emerging model of cooperation with Uzbekistan could offer a solution built on legality, orderly mobility and institutional oversight by both countries.

This is not simply about sending workers from one country to another. The new approach is based on identifying the specific needs of the Serbian labour market, selecting and preparing the required specialists in Uzbekistan, directly involving employers in the process, and ensuring that employment takes place under conditions that safeguard workers’ rights.

In this context, a new and promising dimension is emerging in relations between Tashkent and Belgrade — a partnership in orderly labour mobility and human capital.

From political trust to a practical mechanism

The political foundation for this process was laid in October 2025.

The official visit of President of the Republic of Serbia Aleksandar Vučić to Uzbekistan marked a historic milestone in relations between the two countries. Following talks between Presidents Shavkat Mirziyoyev and Aleksandar Vučić, a Joint Declaration was adopted and a package of agreements covering the economy, investment, education, technology, tourism and other areas was signed.

Among them was a Memorandum of Understanding on cooperation in the field of labour migration.

Orderly labour migration thus became one of the practical areas of high-level political dialogue between the two countries.

Seven months later, those political agreements began to take concrete institutional form.

On 18–19 May 2026, Tashkent hosted the International Migration Forum, attended by a Serbian delegation headed by Minister of Labour, Employment, Veteran and Social Affairs Milica Đurđević Stamenkovski.

One fact is particularly significant for the Serbian audience: according to the official information of the Government of Serbia, this is the first agreement of its kind on labour mobility that Serbia has begun negotiating with a foreign country. Uzbekistan was chosen as its first partner.

Legal, safe and regulated mobility

Serbia’s approach to this cooperation was clearly articulated by Minister Milica Đurđević Stamenkovski during her visit to Tashkent.

According to the Minister, the future agreement is intended to establish an effective mechanism ensuring that labour mobility takes place exclusively within a legal, safe and regulated framework, based on clear rules and full institutional oversight by the state.

As she stressed, responsible states do not leave migration flows unmanaged; rather, they manage them in the interests of their citizens, their economies and national security.

This position is closely aligned with the new model that Uzbekistan has been developing in recent years.

For Uzbekistan, the objective is likewise no longer simply to direct a citizen towards an available job abroad. The new model begins by identifying an employer’s needs, selecting suitable candidates, providing professional and language training where necessary, establishing employment conditions in advance and only then facilitating employment through legal and organised channels.

Cooperation is not starting from scratch

Uzbekistan and Serbia already have practical experience of cooperation in the employment sector.

According to Uzbekistan’s Migration Agency, 435 Uzbek citizens in 2022, 135 in 2024 and 215 in 2025 were sent to Serbia through organised channels for temporary employment in agriculture. During the first seven months of 2026, another nine citizens began working in Serbia through the same mechanism.

Today, three cooperation agreements are in place between Uzbekistan’s Migration Agency and Serbian companies for the recruitment of Uzbek citizens for temporary employment.

In 2026, cooperation began expanding beyond agriculture.

In February, Serbian partners reported demand for approximately 200 seasonal workers in selected sectors of the economy. In June, a Serbian recruitment company identified a need for another 50 specialists for façade works.

The clearest practical example of the emerging model, however, came in July.

A Serbian employer selects workers directly in Uzbekistan

From 6 to 10 July 2026, Serbian company M Enterijer Gradnja doo Beograd–Voždovac conducted direct recruitment in Uzbekistan for 120 positions in the construction sector.

The vacancies included 50 reinforcement workers, 50 carpenters, five civil engineers, five crane operators and ten special-equipment operators.

Monthly salaries were set at €1,000–€1,500. The employer covers the costs of visas and work permits, transportation, accommodation, two meals a day and medical insurance.

One hundred Uzbek citizens expressed interest in the vacancies. Of these, 74 were admitted to interviews and practical assessments. Following the selection process, 43 specialists successfully passed the recruitment process, and their documents were submitted to the Serbian employer for further processing.

This experience illustrates the essence of the emerging model.

Rather than assessing candidates solely on the basis of their CVs, the Serbian employer can evaluate their professional skills directly in Uzbekistan. Candidates, meanwhile, know before travelling to Serbia where they will work, what their duties will be, how much they will earn and what employment and living conditions will be provided.

This reduces uncertainty for both sides.

Training first, employment second

Another important change in Uzbekistan’s approach to labour mobility is that a foreign employer’s request is no longer viewed merely as a vacancy, but as a specific requirement for workforce preparation.

In May 2026, the INTIL International Centre for Foreign Language and Vocational Training opened in Tashkent. At its initial stage, the centre provides training in eight foreign languages and 12 professions, hosts international examinations and offers advisory services related to visas and documentation.

In the future, this infrastructure can also be used to prepare specialists specifically for the needs of Serbian companies.

For example, if a Serbian employer requires a certain number of welders, construction specialists, drivers or workers in other occupations, candidates can be selected in Uzbekistan, their skills upgraded to meet the employer’s requirements, and initial language training provided before departure.

This aspect is also important to the Serbian side.

Milica Đurđević Stamenkovski positively assessed Uzbekistan’s readiness to prepare citizens before they travel to Serbia for temporary employment, including by introducing them to the Serbian language. Such preparation could help workers adapt more quickly to both their workplace and everyday life in Serbia.

The prospective model of cooperation can therefore be expressed in a simple formula:

Serbia identifies the demand — Uzbekistan selects and prepares the workforce — the employer assesses their qualifications — and state institutions ensure that the process remains legal and transparent.

People at the centre

Any labour mobility model can only be sustainable if people remain at its centre.

For Uzbekistan, protecting the labour rights of citizens temporarily employed abroad, ensuring the timely payment of wages, decent living conditions and access to legal protection are therefore just as important as securing the job itself.

Dialogue with Serbia in this area is not new.

As early as 2022, an Uzbek delegation held talks with Serbia’s competent labour authorities, the Chamber of Commerce and Industry, representatives of the agriculture, construction and hospitality sectors, employers, and the International Organization for Migration’s office in Serbia. Direct meetings were also held with Uzbek citizens working in Serbia to assess their employment and living conditions.

There is now an opportunity to transform this experience into a permanent institutional mechanism between the two states.

Here again, the two sides share a common principle: labour mobility should be legal, safe and orderly.

Another step towards greater mobility

Practical steps are also being taken to facilitate movement between the two countries.

Since late April 2026, Serbia has been issuing Uzbek citizens category “C” electronic visas, allowing a single entry for stays of up to 30 days.

Looking ahead, there is scope to explore more convenient mechanisms for seasonal employment, simplify visa procedures for other categories of work, and strengthen direct cooperation between Uzbekistan’s Migration Agency and Serbia’s National Employment Service in the field of organised employment.

Importantly, this relationship is not one-way.

Serbian citizens are also legally employed in Uzbekistan. In particular, relevant work authorisations were issued to 53 Serbian citizens in 2022, 48 in 2023 and 32 in 2024.

The issue, therefore, is much broader than “sending workers from Uzbekistan to Serbia”. It is about orderly labour mobility between two countries.

Why Uzbekistan?

For a Serbian audience, this is a natural question.

The Government of Serbia itself has addressed it: Uzbekistan’s selection as Serbia’s first foreign partner for such a labour mobility agreement was linked to the country’s dynamic economic development and the rapid deepening of bilateral relations towards a strategic partnership.

Uzbekistan, for its part, has a large and young workforce while simultaneously developing a system for preparing citizens according to the specific requirements of international labour markets.

This is where the interests of the two countries complement one another: Serbia’s demand for workers and Uzbekistan’s capacity to select and prepare them.

In the future, this also creates an opportunity to expand cooperation beyond seasonal agriculture and construction. Based on the actual needs of the Serbian economy, specialists could be trained specifically for other sectors as well.

A new bridge between Tashkent and Belgrade

During the first summit between Presidents Shavkat Mirziyoyev and Aleksandar Vučić in October 2025, the importance of developing new transport corridors between Central Asia and the Balkans was highlighted.

Yet one of the most important bridges between the two regions may be built not only through railways or highways, but through human capital.

For Serbia, orderly labour mobility offers an opportunity to attract pre-selected and trained workers who match the real needs of its economy through transparent and legal mechanisms.

For Uzbekistan, it offers an opportunity to open new legal labour markets for its citizens, strengthen their professional skills and earning potential, while ensuring state-level protection of their rights and interests abroad.

For this reason, it would be too narrow to view the process now unfolding between Tashkent and Belgrade simply as another labour migration project.

Its potential is considerably broader: to build a long-term partnership model based on targeted workforce preparation, direct employer participation, legal and safe labour mobility, and investment in human capital.

Speaking in Tashkent, Serbia’s Minister of Labour, Employment, Veteran and Social Affairs Milica Đurđević Stamenkovski said that relations between Uzbekistan and Serbia were entering a “new historical phase”, with the goal of elevating ties between the two friendly countries to the level of a strategic partnership.

The practical steps taken in the field of labour mobility in recent months show that this vision is already acquiring tangible substance.

High-level political trust is in place. The legal framework is taking shape. Direct links between employers and potential employees have already begun.

The task now is to transform this opportunity into a sustainable system that serves the economies of both Serbia and Uzbekistan — and, above all, the people of both countries.

Center of Islamic Civilization in Uzbekistan recognized as the Best Museum in the Turkic World
Center of Islamic Civilization in Uzbekistan recognized as the Best Museum in the Turkic World

The Center of Islamic Civilization in Uzbekistan has been recognized as the “Best Museum of the Turkic World” by the International Organization of Turkic Culture (TURKSOY), reports Dunyo IA correspondent.

Sultan Raev, Secretary General of the organization, announced this during an international scientific conference dedicated to the 690th anniversary of Amir Temur's birth.

Constructed in a short period at the initiative of the President of Uzbekistan, Shavkat Mirziyoyev, the Center is highly regarded today not only as a unique architectural masterpiece but also as a symbolic bridge connecting Eastern and Western civilizations. Through its concept, content, and scientific-educational focus, it vividly demonstrates the creative and enlightening potential of Islamic civilization.

While ceremoniously presenting the “Best Museum” certificate to the leadership of the Center, Secretary General Sultan Raev specifically highlighted President Shavkat Mirziyoyev's policy aimed at the profound study and global promotion of the Islamic civilization's heritage:

-  Thanks to the special attention of Honorable President Shavkat Mirziyoyev, the legacy of Amir Temur and Islamic culture are being deeply explored today. New scientific and artistic works are being created and modern scientific-educational centers are being established. I can say with confidence that there is no comparable center in the world. This is, undoubtedly, a vivid manifestation of the ideas of the Third Renaissance. At times, the world limits itself to mere statements. However, Uzbekistan is setting an example through its practical actions and tangible results.

In turn, Firdavs Abdukhalikov, Director of the Center of Islamic Civilization in Uzbekistan, shared his insights regarding this prestigious recognition:

-  Established under the direct initiative and visionary authorship of our Honorable President, the Center has emerged as one of the most significant mega-projects in the Turkic world. The Head of State personally participated in and oversaw every stage of its creation. Today, every visitor leaves the Center with a world of impressions. As is well known, TURKSOY is a prestigious international organization uniting states such as Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, and Türkiye and is often referred to as the “UNESCO of the Turkic World”. Currently, the museum heritage of these nations encompasses nearly 1,300 museums. The Center of Islamic Civilization in Uzbekistan, with its creative vision, profound conceptual depth and innovative solutions, holds a special place among these institutions, manifesting itself as a unique cultural and scientific phenomenon.

Furthermore, F. Abdukhalikov specifically highlighted the growing international interest in the Center's activities. In particular, the Hungarian government has expressed interest in studying the Center's experience and collaborating on the implementation of a similar project. Additionally, the leadership of the German state of Bavaria has stated its readiness to support initiatives aimed at promoting Islam through enlightenment.

At the conclusion of the event, it was emphasized that this award serves as a vivid testament to the Center's high international prestige, its scientific and cultural significance, and its profound recognition across the Turkic world.

Proposals on further development and increase of competitiveness of the jewelry industry were considered
Proposals on further development and increase of competitiveness of the jewelry industry were considered

President Shavkat Mirziyoyev was given a presentation on measures to further develop the jewelry industry, support jewelry production and sales, and increase exports of finished products.

Our country has a huge potential for increasing production and export of jewelry.

As the head of state noted, only 6 percent of gold mined in the country is processed, and exports of its products amount to only 78 million dollars, so it is important to create jewelry zones with special conditions for entrepreneurs, to review the provision of raw materials, training of specialists, production chain and sales system.

In this regard, the Ministry of Economy and Finance and the Chamber of Commerce and Industry have developed relevant proposals.

In particular, it is planned to improve the activity of the Uzbekzargarsanoati association, expand its powers and reorganize the management system.

In order to support manufacturers of the industry, it is proposed to apply the benefits provided for members of the Association "Uzbekzargarsanoati" to individual entrepreneurs - manufacturers of jewelry, who are members of the Association "Uzbekzargarsanoati".

The possibility of establishing a zero rate of customs duty and value added tax on equipment, packaging and marking materials that are not produced in Uzbekistan and used in the jewelry industry for the period up to October 1, 2026 is being studied.

The issues of creation of special jewelry centers including production, exhibition and trade areas were considered. Information was provided on the placement of pilot projects in Tashkent and Namangan region.

The issue of increasing the volume of jewelry exports was discussed. It was proposed to establish a zero rate of customs duty for export of jewelry made in our country to the United States of America under the GSP system.

The head of state instructed to finalize the presented measures and work out a program for the development of domestic jewelry production for the period up to 2027.

Deputy Minister of Foreign Affairs of Uzbekistan and the Ambassador of Latvia discuss the practical aspects of expanding cooperation in the field of external labor migration
Deputy Minister of Foreign Affairs of Uzbekistan and the Ambassador of Latvia discuss the practical aspects of expanding cooperation in the field of external labor migration

TASHKENT, January 14. /Dunyo IA/. Deputy Minister of Foreign Affairs of Uzbekistan Olimjon Abdullaev held a meeting with the Ambassador of Latvia Reinis Trokša, reports Dunyo IA correspondent.

According to the MFA, the main agenda of the meeting was to discuss expanding cooperation in the field of external labor migration.

 

During the talks, the topics of organized labor migration of citizens of Uzbekistan to Latvia, simplification of the visa regime, creation of a legal framework in the field of labor migration and establishment of joint educational institutions and centers, as well as attracting specialists from Latvia to train potential labor migrants were discussed.

 

The parties noted the importance of strengthening cooperation between the relevant agencies of the two countries in protecting the rights of labor migrants and confirmed their readiness to further develop bilateral relations in the field of external labor migration.

From Economic Growth to Societal Development: Uzbekistan’s Priorities in the New Political Cycle
From Economic Growth to Societal Development: Uzbekistan’s Priorities in the New Political Cycle

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

Tashkent as Central Asia’s Investment Capital: What to Expect from the Fifth International Investment Forum
Tashkent as Central Asia’s Investment Capital: What to Expect from the Fifth International Investment Forum

The Fifth Tashkent International Investment Forum will take place on June 16–19, 2026. This year’s theme – “Investment Resilience: New Frontiers, New Partnerships” – frames the agenda around a set of pressing questions: how to protect capital amid global uncertainty, what institutional mechanisms enhance investment resilience in frontier markets, and where the new partnership routes lie.

The forum’s context is set by macroeconomic results. According to the National Statistics Committee, Uzbekistan’s GDP grew by 7.7% in 2025 and exceeded $147 billion – the fastest pace since 2021 and among the highest in the Europe and Central Asia region. Fitch Ratings and S&P Global upgraded the country’s sovereign rating from BB– to BB for the first time, while Moody’s revised its outlook to “positive.” International reserves, per the Central Bank, surpass $77 billion. Exports rose 24% to $33.8 billion. Foreign direct investment increased by 46.9%, with FDI accounting for 40.5% of total capital investment. For an economy that attracted only $4 billion in annual foreign investment in 2017, the surge to $42 billion by 2025 represents a fundamentally different scale of growth. This tenfold increase over eight years underscores a profound transformation in the nation's investment landscape.

The forum is scaling alongside the economy. Last year’s TIIF drew over 8,000 participants, including some 3,000 international delegates from 97 countries. Guests included Bulgarian President Rumen Radev, Slovak Prime Minister Robert Fico, heads of government from all Central Asian states, EBRD President Odile Renaud-Basso, and New Development Bank President Dilma Rousseff. The aggregate value of signed investment contracts and trade agreements reached $30.5 billion. Yet what best speaks to the platform’s maturity is not the number of signings but the conversion rate – the share of agreements that translate into operating assets is increasingly the metric that matters to returning investors.

The centrepiece of this year’s forum will be the Tashkent International Financial Centre (TIFC), established by presidential decree in March 2026. Behind the headline sits a specific institutional architecture: a special legal regime based on common-law principles, a dedicated financial services regulator, an arbitration centre (TIAC), and tax exemptions through 2076. TIFC is part of a global trend toward specialised financial hubs that offer international market participants a familiar legal environment and regulatory predictability. Its defining feature is integration within the country’s legal framework: the centre operates under a special legal regime rather than creating a separate jurisdiction, reducing regulatory fragmentation and simplifying engagement with the domestic economy. A panel session featuring leaders of major global financial centres and international investors operating in Uzbekistan will address the central question: what are the practical conditions under which TIFC can attract international market participants.

The TIIF 2026 programme is structured around four thematic pillars: investment resilience and capital protection mechanisms, financial infrastructure and capital market development, trade connectivity and logistics corridors, and energy transition and climate finance. Key sessions include a discussion of the regulatory framework for alternative investment funds (a legal basis for private equity and venture capital being adopted for the first time), a panel on the Middle Corridor and trans-Caspian logistics, a session on sovereign ratings across Central Asia, and a practitioner-led workshop on blended finance instruments in frontier markets. A dedicated arbitration and dispute resolution track features two panel sessions co-organised with the Tashkent International Arbitration Centre (TIAC), the British-Uzbek Legal Association (BrULA), and the British Embassy. Topics range from the institutional design of Uzbekistan’s arbitration ecosystem – including the innovative Dispute Avoidance Protocol (DAP) – to the country’s positioning within the global investment protection architecture: ISDS frameworks, bilateral investment treaty reform, and New York Convention enforcement.

The energy agenda warrants particular attention. Uzbekistan has set an ambitious target of raising the share of renewables in electricity generation to 54% by 2030. Currently, the country operates solar and wind facilities with a combined installed capacity exceeding 4 GW, with a project pipeline envisaging an additional 19 GW of green capacity. Alongside this, the public-private partnership mechanism continues to develop: as of early 2025, PPP agreements worth approximately $28 billion had been signed in the country. For investors, this represents a large, structured market with standardised PPA contracts and a clear entry mechanism – a subject that will be examined in detail during the forum’s energy panel.

TIIF 2026 retains its bilateral business forum format, reflecting the expanding geography of Uzbekistan’s economic partnerships. Confirmed platforms include business forums with the Republic of Korea, the United States, Croatia, Hungary, Turkey, and Albania, as well as a China–SCO countries investment dialogue; the lineup continues to grow as the event approaches. The plenary session featuring heads of state and government will set the tone for the business programme. Running in parallel is an exhibition of industrial and investment potential spanning approximately 6,000 sq m – in 2025, a comparable facility facilitated over 500 B2B and B2G meetings for 100 participating companies.

At the same time, the forum agenda implicitly flags unresolved challenges. The corporate governance session raises the question of transitioning from concentrated to dispersed ownership – a process without which the stock market will remain illiquid. The discussion of privatisation and state asset IPOs calls for a candid conversation about pacing and institutional quality. The responsible business conduct panel, anchored in OECD standards, recognises that tax incentives alone are insufficient for accessing institutional capital – what is needed is verifiable supply chain transparency and functioning National Contact Point mechanisms.

The business programme is complemented by networking formats: an FIC and EY business breakfast on digitalisation and AI, the annual SQB Investor Day, an ESG Award ceremony, and the European Business Evening. The informal component – an invitational tennis tournament, TIIF Open, and an evening run – is designed for delegates who prefer to build relationships beyond the conference hall. The anniversary evening concludes with a collaboration with the Stihia electronic music festival – a detail that captures the tone in which Uzbekistan presents itself to an international audience.

For Uzbekistan, TIIF has long ceased to be a showcase. It is a working instrument of investment policy, whose effectiveness is measured not by the number of signing ceremonies but by the volume of capital that actually enters the economy between forums. The fifth, anniversary edition takes place at a moment when the country is simultaneously launching an international financial centre, adopting an alternative investment funds law, and receiving a sovereign rating upgrade – a convergence that creates a window of opportunity for investors prepared to operate in frontier markets with a growing institutional base.

The President of Uzbekistan held a meeting with the Secretary-General of UN Tourism
The President of Uzbekistan held a meeting with the Secretary-General of UN Tourism

President of the Republic of Uzbekistan Shavkat Mirziyoyev met with Secretary-General of UN Tourism (World Tourism Organization) Zurab Pololikashvili, who is in our country on a working visit, in Samarkand on June 15.

The sides discussed issues related to further expansion of Uzbekistan's multifaceted cooperation with this specialized UN institution.

The course of implementation of agreements reached and initiatives put forward at the 25th session of the organization's General Assembly, which was held in Samarkand in October 2023, has been reviewed. The UN General Assembly's adoption of the resolution initiated by Uzbekistan on declaring 2027 the International Year of Sustainable and Resilient Tourism was highly appreciated.

It was noted with deep satisfaction that the organization is a strategic partner of Uzbekistan in the development of modern tourist infrastructure and popularization of tourist destination to our country.

It was noted the importance of continuing joint efforts to implement programs and projects aimed at creating comfortable conditions and facilities for tourists, development of pilgrimage and cultural and cognitive tourism, including domestic tourism.

Special attention was paid to the issues of training qualified personnel in the field of hospitality and service with the effective use of opportunities of the International Academy of Tourism operating in Samarkand.

In order to popularize the tourist destination in Uzbekistan, practical interaction will be expanded in the issues of supporting the participation of domestic tour operators in major international tourism fairs and exhibitions.

Writers’ Union of Uzbekistan
Writers’ Union of Uzbekistan

Agency for Information and Mass Communications
Academy of Sciences of the Republic of Uzbekistan
Republican Center for Spirituality and Enlightenment
 
In accordance with the implementation of the decision of the President of the Republic of Uzbekistan dated June 4, 2024, “On the Establishment of the International Prize named after Muhammad Rizo Ogahiy in the Field of Literary Translation”, and in order to comprehensively support the translation of the best works of Uzbek literature into foreign languages and selected masterpieces of world literature into Uzbek, the International Prize named after Muhammad Rizo Ogahiy in the field of literary translation is hereby announced.
 
This international literary competition, being held for the first time in our country, aims to appropriately recognize the devoted translators who are widely promoting our national literature abroad and presenting the finest works of world literature to Uzbek readers. It also seeks to foster a love of reading among the youth and to increase international interest in the creative works of Uzbek authors.

Translation works published in book form or in print/electronic literary media over the past five years from the date of this announcement are eligible for submission.

The international competition will be held in the following categories, and only works meeting the minimum required volume will be accepted:

Best translation of a prose work of Uzbek literature into a foreign language – minimum of 10 printed sheets;

Best translation of a poetic work of Uzbek literature into a foreign language – minimum of 5 printed sheets;

Best translation of samples of Uzbek children's literature into a foreign language – minimum of 5 printed sheets;

Best translation of a prose work originally written in a foreign language into Uzbek – minimum of 10 printed sheets;

Best translation of a poetic work originally written in a foreign language into Uzbek – minimum of 5 printed sheets;

Best translation of samples of children's literature originally written in a foreign language into Uzbek – minimum of 5 printed sheets.

Translations in the genre of drama will be reviewed under the relevant categories mentioned above.

Submissions for the international competition will be accepted by the Writers’ Union of Uzbekistan until September 1, 2025.

Each winner will be awarded a special diploma, a badge of honor, and a one-time cash prize equivalent to 300 times the base calculation amount.

More information can be found on the competition website ogahiymukofoti.uz