The global economy has entered a stage in which sustainable development is no longer merely a declarative agenda but has become one of the key criteria for assessing trust in governments, companies, and financial institutions. As a result, ESG standards are now viewed not as an image-building tool, but as a means of evaluating reliability, governance quality, technological maturity, and long-term competitiveness.

For reference: ESG (Environmental, Social, and Governance) refers to business principles under which a company considers its impact on the environment, society, and the quality of governance while seeking to achieve sustainable development and minimize risks.

Today, this trend is naturally shifting from voluntary commitments toward stricter requirements, including non-financial disclosure, climate reporting, independent verification, carbon regulation, supply-chain oversight, and measures to combat greenwashing—that is, the unjustified presentation of activities as environmentally sustainable.

Notably, according to available estimates, global ESG assets exceeded USD 30 trillion in 2022 and may reach USD 40 trillion by 2030. At the same time, sustainable bond issuance amounted to approximately USD 1.1 trillion in 2025. This demonstrates that sustainable development has become part of the global financial infrastructure rather than a narrow area of corporate policy.

Against this backdrop, Uzbekistan is shaping its own model of sustainable development based on national priorities. Water and energy security, employment, social stability, improved performance of state-owned enterprises, greater transparency in governance, and stronger investment appeal are of particular importance to the country.

A key feature of Uzbekistan’s approach is that the ESG agenda is not being developed in a fragmented manner, but as part of broad reforms implemented under the leadership of the President of the Republic of Uzbekistan. The Uzbekistan–2030 Strategy, the transition toward a green economy, national sustainable development goals, the green taxonomy, the MRV system, ESG reporting by state-owned enterprises, social protection, the development of mahallas, and anti-corruption measures together form a unified framework for public policy.

A new stage in the institutional development of ESG was formalized by Cabinet of Ministers Resolution No. 221 dated May 4, 2026. The document approved rules for introducing environmental, social, and corporate governance principles, preparing ESG reports, and disclosing information on sustainable development. As a result, ESG in Uzbekistan is moving from a broad strategic framework toward a specific system of implementation, monitoring, and reporting.

This is therefore not a collection of isolated initiatives, but a new logic of governance. The economy must not only grow, but also remain sustainable; state-owned enterprises must not only be large, but also transparent; social policy must not only compensate for hardship, but also support development; and the environmental agenda must not only protect nature, but also carry economic significance.

The environmental pillar remains the most developed area. Given Uzbekistan’s water scarcity, high climate vulnerability, the consequences of the Aral Sea crisis, and the need to modernize the energy sector, the green economy is an objective necessity.

Key documents signed by the Head of State define the main areas of environmental transformation: the development of renewable energy, improved energy efficiency, the introduction of water-saving technologies, emissions reduction, waste recycling, the expansion of green spaces, the restoration of natural ecosystems, and the creation of an emissions-monitoring system.

As a result, environmental policy is gradually moving beyond traditional nature conservation and becoming part of the country’s economic strategy. At a time when the carbon footprint is becoming a factor in export competitiveness, energy modernization, reduced water losses, and improved industrial efficiency are gaining not only environmental but also macroeconomic importance.

Alongside the environmental agenda, Uzbekistan’s sustainable development model includes a strong social dimension. This includes reducing poverty, expanding employment, supporting women, protecting vulnerable groups, developing mahallas, improving infrastructure, and raising living standards.

It is the social pillar that gives the reforms a human dimension. The green transition must not be limited to reporting and technical indicators. It must remain people-centered, since changes in energy, water management, and industry may affect employment, tariffs, access to resources, and household income structures.

At the same time, the aforementioned government resolution establishes ESG as an integrated system in which environmental indicators are not considered separately from social and governance factors. The focus extends beyond emissions, energy, and water to include governance quality, labor practices, risks affecting stakeholders, data transparency, and management accountability.

The quality of governance is becoming a key condition for the effectiveness of the ESG agenda. In today’s environment, investor confidence depends not only on macroeconomic indicators, but also on institutional transparency, corporate governance, information disclosure, and the predictability of public policy.

Uzbekistan has made notable progress in this area. Digital monitoring, the KPI system for government bodies, anti-corruption policy, ESG reporting by state-owned enterprises, and a national system for measuring, reporting, and verifying climate and ESG indicators for emissions accounting are all being developed.

Changes in the public sector are particularly significant. In recent years, substantial progress has been achieved in improving the investment appeal of state-owned enterprises. By the end of 2025, 17 state-owned enterprises had received international credit ratings, while seven had obtained publicly available ESG ratings. This indicates a transition from a closed administrative model toward the standards of international financial discipline.

In practice, the public sector is becoming subject to external assessment, public reporting, and corporate accountability. Ratings require the disclosure of risks, financial discipline, a clear strategy, and stronger governance. Through this mechanism, ESG is moving from the conceptual level into the practical sphere of corporate management.

Within this framework, the government resolution is of fundamental importance. It stipulates that state-owned enterprises undergoing transformation must introduce ESG reporting rules from July 1, 2026, and prepare ESG reports in accordance with disclosure standards by November 1, 2026.

Based on the above, the following conclusions may be drawn:

First, ESG is becoming a strategic instrument for modernizing Uzbekistan’s public sector and economy. Its significance extends beyond environmental policy and encompasses investment, social sustainability, and competitiveness.

Second, reforms implemented under the leadership of the Head of State are transforming sustainable development from a set of declarations into a system of practical governance. Reporting, the green economy, social policy, transparency, and ESG standards are becoming elements of a unified reform architecture.

Third, in the new global economy, the advantage belongs to countries that grow sustainably, transparently, and predictably from an investor’s perspective. This is precisely where Uzbekistan’s competitive opportunity lies: in turning sustainability into a source of trust, capital, and long-term development.

Thus, ESG is not an external slogan for Uzbekistan, but an internal logic of development. It is a mechanism for connecting economic growth with responsibility, investment with trust, reforms with quality of life, and national interests with the requirements of the new global economy.

1. Nizamov

Head of Department

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan

1. Sattorov

Leading Research Fellow

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan

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

Президент Шавкат Мирзиёев начал свою поездку в Республику Каракалпакстан с ознакомления с промышленным потенциалом региона.

Совместное предприятие “Nukus Eleсtroapparat” было введено в строй в 2017 году, оно производит силовое оборудование для электросетей. В июне текущего года здесь был запущен проект по изготовлению солнечных панелей стоимостью более 10 миллионов долларов. Оборудование было доставлено и установлено из Республики Корея. Производственный процесс полностью автоматизирован. Годовая мощность проекта составляет 273 тысячи единиц.

Это будет способствовать дальнейшему внедрению альтернативной энергетики в нашей стране. На сегодняшний день в различных сооружениях и домах установлены солнечные панели общей мощностью 600 мегаватт. Этот процесс продолжается.

Наряду с локализацией востребованной на внутреннем рынке продукции совместное предприятие получило возможность экспортировать продукцию на 4 миллиона долларов. Обеспечено работой 70 человек.

Глава нашего государства ознакомился с технологическим процессом, побеседовал с работниками. Ответственным лицам даны указания по увеличению количества таких предприятий и производству ими продукции с высоким спросом на рынке.

Здесь же была представлена продукция, производимая предприятиями отрасли.

На самом заводе установлены солнечные панели мощностью 125 киловатт. Полученная электроэнергия используется для внутренних нужд, а излишки реализуются в региональную электросеть.

За последние годы в нашей стране за счет инвестиций в размере 2 миллиардов долларов введены в эксплуатацию 10 солнечных и ветряных станций общей мощностью 2,6 гигаватта. Также ведется работа по 32 "зеленым" проектам мощностью 18,6 гигаватта общей стоимостью 19 миллиардов долларов. В целом к 2030 году намечено довести долю возобновляемых источников энергии в энергетическом балансе до 40 процентов.

On September 13, the President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting with the winners and medalists of the XVII Summer Paralympic Games.

The event was attended by the leadership of the National Paralympic Committee and sports federations, coaches, parents of athletes, representatives of state and public organizations.

As you know, the competitions were held from August 28 to September 8 in the capital of France, Paris. About 4.4 thousand Paralympians from 168 countries participated in them. From Uzbekistan, 65 para-athletes competed in 9 sports.

The Paralympic Games, like the Olympics, were successful for our country. Our compatriots set many records, winning 10 gold, 9 silver, 7 bronze - a total of 26 medals. They took 13th place in the overall team standings, as well as 3rd place in Asia and 1st place among Turkic, Islamic countries and the Commonwealth of Independent States.

An analysis of nighttime satellite illumination data indicates a strengthening of economic activity across regions and an expansion in the number of territories exhibiting urban-type development.

The Center for Economic Research and Reforms (CERR) applied satellite-based nighttime lights (NTL) data to assess economic activity at the level of regions and cities in Uzbekistan.

The analysis shows that higher light intensity corresponds to higher levels of economic activity and more advanced urban infrastructure.

CERR’s findings demonstrate a high degree of consistency between satellite-based indicators and official statistics. In particular, according to estimates based on NASA nighttime lights data, nominal GDP per capita in Uzbekistan grew by 80.3% in 2020–2025, corresponding to an average annual growth rate of 15.8%, increasing from $2,090 to $3,887 over five years.

For comparison, according to official statistics, GDP per capita increased by 81.8% over the same period, with an average annual growth rate of 16.1%, rising from $2,048 to $3,881.

Economic Activity in Large and Medium-Sized Cities

According to the data, over the past five years the highest growth in gross regional product (GRP) per capita among regions was recorded in the city of Tashkent, where the indicator increased by approximately $5,000, reaching $9.3 thousand by the end of 2025 (according to official statistics — $9.2 thousand).

Estimates for 2025 also show high GRP per capita levels in a number of large and medium-sized cities. In Navoi, the NTL-based estimate reached $9.3 thousand, in Zarafshan $7.9 thousand, in Samarkand $7.2 thousand, in Kokand and Andijan $6.7 thousand each, and in Akhangaran, Yangiyul, and Bukhara ranged from $5.8 thousand to $5.2 thousand, respectively.

Relatively high growth rates of GRP per capita were also observed across several regions. In Tashkent region, the indicator increased by $1.8 thousand to reach around $4 thousand. In Navoi region, GRP per capita also grew by $1.8 thousand to approximately $4 thousand. In Fergana and Syrdarya regions, the increase amounted to $1.6 thousand, reaching about $3.5 thousand and $3.4 thousand, respectively.

Economic Activity in Small and Medium-Sized Cities

Relatively high GRP per capita levels were also recorded in a number of small and medium-sized cities. In Termez, the indicator reached $5.1 thousand, in Margilan and Chirchik around $5 thousand, and in Namangan $4.8 thousand. Economic activity levels also remain relatively high in the cities of Kagan and Urgench.

Economic Activity at the District Level

At the district level, the highest GRP per capita growth dynamics in 2020–2025 were observed in Mirabad district, where the indicator increased by $7.1 thousand, in Yakkasaray district by $6.3 thousand, and in Chilanzar district by $5.6 thousand. As a result, GRP per capita in these districts exceeded $10 thousand, which is nearly three times higher than the average across other districts and cities in the country.

Among districts, the highest growth rates of economic activity were also recorded in Karmana district (2.5-fold increase), Yashnabad and Bektemir districts (2.4-fold), as well as Sergeli, Yangi Hayot, and Mirzo Ulugbek districts (2.3-fold).

Expansion of Territories with High Economic Activity

The use of nighttime lights data also made it possible to assess urbanization processes at the district level. In particular, between 2020 and 2025, the number of territories with high nighttime light intensity (NTL above 10), characteristic of urban agglomerations, increased from 22 to 31. The average GRP per capita in these territories rose from $3.8 thousand to $7 thousand.

At the same time, over five years the number of districts with low nighttime light intensity (NTL below 1) declined from 129 to 85, confirming the transition of 44 districts toward an urban-type development model.

In these districts, NTL levels increased on average by more than 2.5 times, while GRP per capita rose from $1.7 thousand to $3.2 thousand.

Conclusion

The results confirm that satellite-based nighttime lights data can effectively complement official statistics and be used for timely assessment of regional economic activity.

This approach enables the identification of new growth points and allows for more targeted allocation of state support toward infrastructure development and investment activity in the regions.

Abdulaziz Gaybullayev, CERR

CERR Public Relations Sector

Tel.: (+998) 78 150-32-20 (417)

Relocating an operational office to a new jurisdiction is invariably a complex undertaking, involving unfamiliar regulatory environments and concerns regarding continuity of team management and internal processes. Uzbekistan addresses the majority of these challenges — and this article examines the factors underpinning that proposition and the reasons why more than 1,000 technology companies have chosen the country as their base of operations.

Why Companies Choose Uzbekistan

For businesses originating from CIS countries, Uzbekistan offers a familiar business culture, an established professional rhythm, and a legislative framework that is relatively straightforward to navigate. Teams integrate into operational workflows more rapidly, and founders are not forced to spend the initial months resolving administrative or logistical matters.

A further advantage is the elimination of lengthy preparation periods for basic operational setup. IT Park provides not only company registration assistance but also fully equipped, ready-to-use office infrastructure - including furniture, equipment, and communications.

All core administrative processes are handled through a single interface — the One Stop Shop — covering company registration, tax administration, bank account opening, and documentation requirements, without the need to navigate multiple institutions. A dedicated team with experience guiding hundreds of companies through this process is on hand to anticipate and resolve common complications.
For teams relocating with their families, the Softlanding Program offers assistance with housing, documentation, and post-relocation adaptation, enabling employees to settle in efficiently and transition smoothly into professional responsibilities.

Zero Risk Program: Launching Without a Cash Flow Gap

The Zero Risk Program is designed to accelerate the initial operational phase of relocation. Participating companies receive a fully furnished and equipped office, enabling near-immediate commencement of operations. The program additionally covers a portion of recruitment and staff training costs and reimburses up to 15% of payroll expenses, allowing businesses to assemble their teams and reach full operational capacity without undue financial pressure.

Tax Conditions for IT Park Residents

IT Park residents benefit from some of the most advantageous tax conditions available to technology businesses in the region: a 0% rate on corporate income tax, VAT, and social tax. Personal income tax for employees stands at 7.5% - considerably lower than prevailing rates across much of Europe.

These conditions allow companies to direct a greater proportion of resources toward team development and business growth rather than absorbing a high tax burden.

The cost of living and operational expenditure in Uzbekistan further reinforces this advantage, enabling businesses to reduce recruitment and retention costs, as well as day-to-day operating expenses, while maintaining working and living conditions conducive to international business.

IT Visa and Conditions for Teams

A three-year IT Visa is available to founders, investors, and technology specialists, allowing holders to reside and work in Uzbekistan without a separate work permit. The visa extends to family members and grants access to healthcare and education services on equivalent terms to Uzbek citizens, as well as the right to purchase real estate without value restrictions.

Uzbekistan as a Base for International Expansion

For a growing number of companies, relocation to Uzbekistan extends beyond operational transfer. The country is increasingly regarded as a strategic platform for international development. The IT and BPO sectors are expanding rapidly, with regional offices and delivery centers being established to serve clients across Europe, the CIS, Asia, and the United States. Uzbekistan's geographical position between European and Asian markets facilitates access to multiple markets simultaneously.

The forthcoming state visit of President of the Republic of Uzbekistan Shavkat Mirziyoyev to Kyrgyzstan on 30–31 July will mark a new milestone in the development of Uzbek–Kyrgyz relations, which have undergone a profound transformation in recent years—from overcoming accumulated disagreements to building a comprehensive model of strategic cooperation.

Today, relations between the two countries are experiencing one of the most substantive periods in their history. Only a few years ago, a significant part of the bilateral agenda concerned issues relating to the state border, the operation of border checkpoints, and the restoration of mutual trust. However, consistent political dialogue has made it possible to resolve the outstanding issues and create space for a new level of cooperation in industry, investment, energy, transport, cross-border development, and the humanitarian sphere.

At the heart of these changes lies the political will of the leaders of the two states. Reciprocal visits and a shared readiness to seek mutually acceptable solutions have created a new atmosphere of trust that now defines the nature of bilateral cooperation. The regular and trust-based dialogue between President of the Republic of Uzbekistan Shavkat Mirziyoyev and President of the Kyrgyz Republic Sadyr Japarov has brought bilateral relations to a fundamentally new level. The signing of the Declaration on Comprehensive Strategic Partnership in 2023 was a logical continuation of this course. The document became both a political symbol of rapprochement and an institutional foundation for long-term cooperation, formalizing the transition of relations to a qualitatively new stage.

The main achievement of recent years is that the border between Uzbekistan and Kyrgyzstan is no longer perceived solely as a dividing line. It is gradually becoming a space for economic growth, people-to-people contacts, and shared opportunities. This transformation has been one of the most significant accomplishments of the new era of Uzbek–Kyrgyz relations. The final settlement of state border issues was of particular historical importance.

The signing in Khujand on 31 March 2025 of the Treaty on the Junction Point of the State Borders of Uzbekistan, Kyrgyzstan, and Tajikistan demonstrated the ability of the region’s states to resolve the most complex issues independently, on the basis of mutual respect and due consideration of one another’s interests.

It is symbolic that the successful completion of the process of resolving border issues in Central Asia has also received international recognition. Adopted on 20 May 2026 at the initiative of the Kyrgyz Republic, the United Nations General Assembly resolution entitled “Peaceful Settlement of Border Disputes” established at the global level the principles of resolving territorial issues peacefully through dialogue, mutual trust, and consideration of the interests of all parties. For Central Asia, where historic progress has been achieved in recent years in the delimitation of state borders, the document represented important confirmation of the relevance of the region’s accumulated experience and recognition of the contribution made by Central Asian countries to international security.

The political and legal foundation that has been established is now undergoing further institutional development. The leaders’ declarations and agreements are supported by a comprehensive set of mechanisms, including the Supreme Interstate Council, the Intergovernmental Commission, the Interparliamentary Commission, the Business Council, and formats for interregional cooperation. Significantly, the twelfth meeting of the Joint Intergovernmental Commission was held in Cholpon-Ata in June this year, during which the parties agreed on further measures to expand trade, industrial cooperation, and transport and energy interaction.

The intensive political dialogue is naturally reflected in the economy, which today serves as one of the clearest indicators of the changes that have taken place. Over the past ten years, bilateral trade has increased more than sevenfold, from USD 167.5 million to USD 1.2 billion. Last year alone, growth of 40 percent was recorded.

At the same time, Uzbekistan has become one of Kyrgyzstan’s largest trading partners, accounting for approximately 7 percent of its foreign trade turnover. It is noteworthy that mutual trade has become considerably more diversified in recent years.

Whereas bilateral trade was previously based mainly on the exchange of agricultural products, it is now increasingly dominated by higher value-added goods and products from processing industries. In particular, more than 90 percent of Uzbek exports consist of processed products (40 percent), finished goods (45 percent), and services (6 percent).

A clear example of this progress is the growing number of enterprises involving capital from the two countries. More than 300 enterprises with Kyrgyz investment currently operate in Uzbekistan, while around 70 enterprises involving Uzbek businesses operate in Kyrgyzstan. This indicates that the business communities of the two countries increasingly regard each other not only as markets for their products, but also as partners in joint production and the development of long-term industrial ties.

The Uzbekistan–Kyrgyzstan Development Fund has become an important instrument in supporting this trend. The decision to increase its authorized capital to USD 200 million significantly expands opportunities to finance projects in industry, agriculture, logistics, energy, construction, tourism, and services. This is helping to create a more sustainable economic foundation for bilateral cooperation. In the future, joint ventures could become the core of cross-border production chains targeting third-country markets by combining Uzbekistan’s industrial capacity, Kyrgyzstan’s natural resource and energy potential, and the advantageous geographical position of both countries.

The dynamic growth of trade and industrial cooperation has naturally increased the importance of transport connectivity, which is becoming one of the key areas of the new stage of Uzbek–Kyrgyz cooperation. In recent years, cooperation has moved beyond the modernization of roads and border checkpoints toward the implementation of regional-scale infrastructure projects. Chief among them is the China–Kyrgyzstan–Uzbekistan railway, which opens a new chapter in the transport integration of Central Asia.

After almost three decades of discussion, the project has entered the implementation stage. With a total length of 538 kilometres, the railway will connect China’s western regions with Central Asia and provide the shortest overland route toward the Middle East and Europe.

The new railway is expected to shorten the freight route between China and Europe by approximately 900 kilometres, reduce delivery times by seven to eight days—almost one-third—and carry up to 15 million tonnes of cargo annually.

For Kyrgyzstan, the project means transforming from a landlocked country into an important Eurasian transit link. For Uzbekistan, it means diversifying export routes, strengthening ties with China, and improving the resilience of foreign trade. At the same time, the project’s significance extends far beyond the construction of a railway. Logistics centres, industrial zones, and new production facilities will emerge along the route. Combined with the development of the Trans-Afghan Transport Corridor, this will create the conditions for Central Asia to become one of Eurasia’s key transport and logistics hubs.

Energy cooperation occupies a special place in the Uzbek–Kyrgyz partnership. For many years, water and energy issues remained among the most sensitive aspects of relations between the countries of the region. Today, however, a fundamental shift is taking place: rather than focusing on differences, the parties are increasingly concentrating on joint solutions.

The most ambitious example of this approach is the construction of the Kambarata-1 Hydropower Plant, which Kyrgyzstan is implementing jointly with Uzbekistan and Kazakhstan. The project, valued at approximately USD 4 billion, envisages the construction of a hydropower facility with a capacity of 1,860 MW and annual electricity generation of 5.6 billion kWh, making it one of the largest energy facilities in Central Asia.

The project’s importance goes far beyond the energy sector. For the first time in the region’s history, three states are jointly implementing an infrastructure project of this scale, sharing investment, risks, and future benefits. Its implementation will strengthen regional energy security, enhance the sustainability of the water and energy balance, and expand opportunities for mutual electricity supplies.

At the same time, the sustainability of the strategic partnership is determined not only by large-scale infrastructure projects. The humanitarian dimension of cooperation, rooted in the historical closeness of the two peoples and intensive interpersonal contacts, plays an equally important role.

More than 300,000 ethnic Kyrgyz currently live in Uzbekistan, where six Kyrgyz cultural centres and more than 50 schools offering instruction in the Kyrgyz language operate. Kyrgyzstan, in turn, is home to a large Uzbek community that forms an integral part of the country’s social and cultural fabric. These humanitarian ties have become one of the most important sources of trust between the two states.

The most vivid practical manifestation of the level of trust achieved can be seen in the Fergana Valley, a region where the most complex issues of cross-border interaction had been concentrated for decades. In many ways, the valley serves as a reflection of the processes taking place across Central Asia. Today, it is gradually being transformed from an area of potential disagreement into a territory of cooperation, dialogue, and joint development.

An important symbol of this transformation was the first Fergana Peace Forum, held in the city of Fergana in October 2025 under the slogan “Fergana Valley: Joining Efforts for Peace and Progress.” For the first time, the Fergana Valley became a platform for developing joint solutions. Discussions focused on strengthening trust, advancing cross-border cooperation, unlocking the region’s economic potential, promoting cultural engagement, and enhancing the role of young people in ensuring sustainable peace.

A notable feature of the Fergana Forum was the holding of Yntymak Day, or “Day of Unity,” under its auspices. Since 2023, the event has been held in Kyrgyzstan as a platform for strengthening dialogue among government bodies, civil society institutions, and international organizations in support of peace and harmony in the region. In 2025, it was held in Uzbekistan for the first time.

The emerging atmosphere of cooperation is reflected not only in political initiatives but also in the growth of humanitarian contacts between the citizens of the two countries. Cooperation in tourism expanded considerably in 2025. Kyrgyzstan is among the largest sources of tourists visiting Uzbekistan. While approximately 652,000 Kyrgyz citizens visited the country in 2021, the figure reached 3.3 million in 2025. The growth in mutual travel demonstrates that open borders and improved transport links are already having a direct impact on everyday contacts between the people of the two countries.

Cultural exchange is also expanding. Days of Culture, joint festivals, educational programmes, and events dedicated to the legacy of prominent figures from both nations are strengthening Central Asia’s shared humanitarian space. The legacy of Chinghiz Aitmatov, whose works form part of the region’s common cultural heritage, carries particular symbolic importance.

Joint events marking anniversaries associated with his life and work demonstrate that culture is becoming an important means of strengthening mutual understanding between the two peoples.

Kyrgyzstan’s election as a non-permanent member of the United Nations Security Council for 2027–2028 adds an international dimension to the Uzbek–Kyrgyz partnership. This historic achievement not only reflects the high degree of confidence that the international community places in Kyrgyzstan’s foreign policy, but also opens new opportunities to promote Central Asian interests on the global stage.

For Uzbekistan, Kyrgyzstan’s membership of the Security Council offers an additional opportunity for closer coordination on regional security, sustainable development, the water and climate agenda, transport connectivity, and the strengthening of multilateral cooperation. It will enable the countries to advance Central Asia’s shared interests more consistently, building on the high level of trust and strategic partnership established between the two states.

Kyrgyzstan’s election can also be regarded as a shared achievement for the region, reflecting Central Asia’s growing international standing and recognition of the policy of good-neighbourliness and constructive cooperation pursued by the region’s states.

Against this background, the issue of further deepening the Uzbek–Kyrgyz strategic partnership is taking on particular significance. Whereas the previous stage of bilateral relations focused on restoring trust, resolving accumulated disagreements, and creating a solid political and legal foundation for cooperation, the success of the current stage will largely depend on the ability of the two states to make joint use of emerging opportunities and translate the level of political trust achieved into sustainable institutional mechanisms for long-term development.

This is especially relevant in the context of implementing major projects designed for decades to come, including the China–Kyrgyzstan–Uzbekistan railway, the Kambarata-1 Hydropower Plant, the expansion of industrial cooperation, and the formation of new transport, logistics, and production chains. Their effectiveness will depend not only on the volume of investment but also on the parties’ ability to ensure predictable conditions for cooperation, coordinated decision-making, and the long-term stability of the mechanisms they establish.

The development of cross-border cooperation remains one of the most promising areas. The final settlement of state border issues has created opportunities to transform border regions into spaces of shared economic growth. Further improvement of cooperation mechanisms between border regions, the implementation of joint infrastructure projects, and stronger interregional ties could make these areas one of the key drivers of bilateral cooperation.

At the same time, construction of the China–Kyrgyzstan–Uzbekistan railway is creating the conditions for the establishment of joint logistics and industrial zones along the route, the development of modern multimodal terminals, and the digitalization of customs and border procedures. This will make it possible to transform the new railway from merely a transport route into a fully fledged economic corridor that stimulates industrial development and attracts international investment.

The development of industrial cooperation offers equally important prospects. The next stage could involve the establishment of sustainable cross-border production chains, expanded cooperation between small and medium-sized enterprises, joint access to third-country markets, and the further removal of remaining administrative barriers to mutual trade and investment.

The strong complementarity of the two economies creates opportunities for deeper sectoral specialization, particularly in the agro-industrial sector. The establishment of joint clusters for the advanced processing of agricultural products would significantly increase added value, improve the competitiveness of producers, and expand export potential.

At the same time, climate change and the growing risks posed by transboundary natural hazards are objectively broadening the strategic partnership agenda. In these circumstances, strengthening mechanisms for the joint prevention of and response to emergencies, developing information-sharing and early-warning systems, and coordinating efforts to ensure the environmental security of border areas are becoming increasingly important.

The further development of water and energy cooperation remains another major priority. The Kambarata-1 Hydropower Plant project already demonstrates a transition toward a new model of regional cooperation based on joint investment, shared infrastructure management, and the distribution of benefits. In the future, the principles of mutual consideration of interests, equitable benefit-sharing, and collective responsibility for the rational use of water resources could form the basis of a modern system of regional water and energy partnership.

Thus, the further development of the Uzbek–Kyrgyz strategic partnership will be determined not only by maintaining a high level of political dialogue but also by consistently strengthening the institutional foundations of cooperation. This approach will ensure the sustainability of the progress achieved and create a solid basis for implementing joint projects in the interests of both states and Central Asia as a whole.

In conclusion, Uzbek–Kyrgyz relations are currently experiencing perhaps the most dynamic stage in the independent history of the two countries. The strategic partnership between Tashkent and Bishkek extends far beyond bilateral cooperation and is becoming an important factor in shaping a new architecture of interaction in Central Asia.

The joint settlement of border issues, implementation of major infrastructure projects, advancement of regional initiatives at the United Nations, and expansion of opportunities for coordinating international efforts demonstrate that Uzbekistan and Kyrgyzstan are moving from resolving accumulated problems to jointly shaping the future. This model of partnership is becoming one of the key sources of stability, connectivity, and international agency for Central Asia as a whole.

Azamat Sulimanov
Head of Department, Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan (ISRS)

Shakhlo Khamrakhodjaeva
Leading Research Fellow, Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan (ISRS)

TASHKENT, September 24. /Dunyo IA/. The Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov held negotiations in New York City with the Minister of Foreign Affairs of Latvia Baiba Braže, reports Dunyo IA correspondent.
"Had a productive meeting with H.E. Baiba Braže, Foreign Minister of Latvia, – the head of the Ministry of Foreign Affairs of Uzbekistan wrote in his telegram channel. – We highly value the opening of the office of the Investment and Development Agency of Latvia in Tashkent. Transport connectivity and logistics, IT and digital technologies, trade and investments were on the focus of our meeting".

The declaration of independence and the commitment of the Government of Uzbekistan to the ideals of democracy, the choice of a secular path of development of society have gradually made it possible to create equal legal conditions for the existence of religions in general and religious groups in particular.

In the religious sphere, this large-scale work is carried out by the relevant state bodies and civil society institutions and is aimed at ensuring citizens' constitutionally guaranteed right to freedom of conscience; strengthening religious pluralism, tolerance and interfaith dialogue.

One of the significant results of joint work is the adoption in December 2018 by the UN General Assembly of a special resolution "Enlightenment and Religious Tolerance".

The adoption of the resolution was a practical implementation of the initiative of the President of the Republic of Uzbekistan Shavkat Mirziyoyev, put forward at the 72nd session of the UN General Assembly. The main goal of the proposed resolution is "to ensure universal access to education, the elimination of illiteracy and ignorance."

It is noteworthy that the resolution was not only unanimously supported by all UN member states, but also adopted with the co-authorship of over 50 countries. This testifies to the high recognition by the international community of the relevance and timeliness of the initiative of the President of Uzbekistan.

In recent years, significant changes have taken place in Uzbekistan and large-scale reforms have been implemented in many areas, including in the religious and educational sphere.

A number of legislative acts have been adopted aimed at further improving activities in the religious sphere.

In order to deepen the study of Islam and teach its scientific foundations, the International Islamic Academy of Uzbekistan was created. The Academy specializes in teaching secular and religious knowledge, training qualified personnel in the interpretation of the Koran, Islamic law, religious dogmas and hadiths.

In Uzbekistan, unique mechanisms are used to revive national and religious values, study and promote the rich scientific and spiritual heritage of great ancestors, and strengthen religious tolerance in society. The activities of the Center for Islamic Civilization, international research centers of Imam Bukhari, Imam Termizi, Imam Maturidi, Bahauddin Naqshbandi have been established.

As a result of large-scale reforms and transformations carried out in the religious sphere, the Higher Madrasah Mir Arab in Bukhara, the School of Hadith Studies in Samarkand, the Madrasah of Imam Termizi and the Islamic Institute named after Imam Termizi in Termez began their activities.

In addition, the Charitable Public Fund "Vakf" was established under the Office of Muslims of Uzbekistan, whose tasks include financing work on the reconstruction of mosques, holy places of pilgrimage and visits, other objects, providing material and technical support and providing material support to employees in this field. The Fund received the opportunity to dispose of funds coming to 3 accounts: charitable, vakf and zakat (ushr, fidya, fitr).

In accordance with the adopted legislative acts, in order to further improve the activities of the Committee on Religious Affairs, a new composition of the Council for Religious Affairs has been approved, which is a public advisory body under the Committee.

The activities of the Council are inextricably linked with ensuring freedom of religion in the country, respecting the rights of religious organizations and believers. The initiatives of the members of the Council are fully implemented within the framework of measures taken by the country's leadership in the field of protecting and further strengthening the rights and freedoms of religious movements.

The significance and timeliness of the measures taken by the country's leadership served as the basis for holding the international forum "Dialogue of Declarations" in Tashkent, Samarkand and Bukhara on May 16-20, 2022. This event was part of the systematic and consistent efforts of Uzbekistan to practically implement the principles and provisions enshrined in the Special Resolution of the UN General Assembly "Enlightenment and Religious Tolerance", adopted in 2018 on the initiative of President Shavkat Mirziyoyev.

It is especially worth noting that at the past 76th session of the UN General Assembly, the "Bukhara Declaration" adopted following the results of this forum was recognized as an official UN document. As an official UN document, the document has been translated into 6 languages and distributed among the UN member states, as well as specialized agencies of the organization.

The second round of the international forum will be held on September 10-13, 2025 with the assistance of several NGOs from the USA. The participants of the event also visited Samarkand, where they got acquainted with the activities of the reconstructed complex of Imam Bukhari.

Uzbekistan has special dates that are closely related to the religious life of believers: these are "Day of Friendship of Peoples", celebrated on July 30, and "International Day of Tolerance", celebrated on November 16. Both of these dates are marked not only by holding events, but also by awarding the corresponding badges - the badge "Khalklar dustligi" ("Friendship of Peoples") has been awarded since 2021, and the badge "Diniy bagrikenklik" ("Religious Tolerance") began to be awarded to distinguished citizens since 2023. Among the awardees are representatives of various religious denominations of Uzbekistan.

At the same time, Uzbekistan attaches great importance to the preservation of religious and spiritual heritage, the enrichment of existing funds, the creation of necessary conditions for local and foreign researchers to work with historical sources, and the comprehensive study of historical and cultural heritage.

Today, in the country, in order to ensure interethnic and interfaith harmony in society, a legislative framework has been created that provides for the observance of the rights and legitimate interests of citizens.

The Constitution of the Republic of Uzbekistan enshrines the norm on freedom of religion for every person. Attention is also paid to improving and liberalizing national legislation in the field of religion. The procedures for obtaining permission for the production, import and distribution of religious literature have been simplified. The procedure for state registration of religious organizations has been further optimized.

Currently, the new Law "On Freedom of Conscience and Religious Organizations" is in force, which contributes to ensuring the constitutional rights of citizens of the country to freedom of conscience and religion.

Noting the fundamental innovations in the Law as a consistent continuation of large-scale reforms in the religious and educational sphere, special attention should be paid, first of all, to the creation of favorable conditions for ensuring freedom of conscience for every person, and clarifying law enforcement practice.

Currently, 2373 religious organizations of 16 religious denominations operate in Uzbekistan. Of these, Muslim organizations - 2174, which is 92 percent of the total number.

There are also 181 Christian organizations, 8 Jewish communities, 7 Baha'i communities, one Krishna society and one Buddhist temple, as well as the interfaith Biblical Society of Uzbekistan operating in Uzbekistan.

Recently, 134 religious organizations have been registered in Uzbekistan, including 3 higher and one secondary specialized Islamic educational institutions in Bukhara, Samarkand and Termez, 105 mosques and 25 non-Islamic organizations of 7 different religious denominations.

At the same time, the national legislation of Uzbekistan does not provide for any restrictions on the number of religious organizations or the terms of their registration.

Religious organizations operating in the republic, along with other public organizations, actively participate in spiritual and educational work, make a significant contribution to improving the spirituality of society, and forming strong beliefs in young people based on patriotism, as well as interfaith and interethnic tolerance.

It should be noted that religious policy in Uzbekistan is based on the principles of the secular nature of the state, religious tolerance and equal treatment of all religions. In the republic, representatives of various nations and ethnic groups professing Islam, Christianity, Buddhism, Judaism and other religions carry out their activities on equal terms.

All conditions have been created for adherents of each denomination, allowing them to freely and unhindered practice their religion.

Believers freely pray in mosques, churches, synagogues, observe fasting, and also make pilgrimages. Religious organizations have the right to own territory, publish literature, train their religious ministers, and organize pilgrimages to holy places.

The freedom of religion guaranteed by the national legislation of Uzbekistan has created all the necessary conditions for meeting the religious needs of all citizens - representatives of 136 national and ethnic groups.

Representatives of different faiths freely celebrate all religious holidays. Thus, from year to year, Kurban-Hayit and Ramadan-Hayit are celebrated on an increasingly large scale among Muslims, Easter and Christmas - among Christians, Pesach, Purim and Hanukkah - among Jews, Navruz - among Baha'is, as well as celebrations dedicated to Buddha and Krishna and other major events.

Believers make pilgrimages to holy places: Muslims to Saudi Arabia to perform the Hajj and Umrah rituals, Christians - to Russia, Greece and Israel, Jews - to Israel.

Over the years of independence, more than 484 thousand Muslims have made pilgrimages to Saudi Arabia, including 188 thousand - Hajj and 296 thousand - Umrah, more than 3.2 thousand Christians and Jews have visited religious shrines in Israel, Russia, Turkey, Italy, Georgia, Greece.

To meet the spiritual needs of society, a large number of religious literature of various orientations is published annually. To fully cover the religious life of Uzbekistan, a number of newspapers and magazines are published, including the newspapers "Islom nuri", "Slovo zhizni", the magazines "Khidoyat", "Vostok svyshe".

Today, in Uzbekistan, on a systematic basis, a set of measures is being carried out to protect the population from the negative influence of destructive ideas that reflect radical extremist ideology and religious fanaticism.

An important step in this direction was the application of acts of pardon. In particular, since 2017, 29 decrees of the President of the Republic of Uzbekistan have been adopted on pardoning persons who have committed crimes.

It should be noted that in recent years, within the framework of the consistent policy pursued in Uzbekistan in the field of protecting the rights and freedoms of citizens, special attention is paid to measures aimed at protecting the rights, freedoms, honor and dignity not only of citizens residing in the republic, but also of our compatriots who find themselves in difficult life situations in foreign countries.

Unfortunately, some of our citizens, who have fallen under the influence of alien ideas, believing false promises, in different years joined the ranks of international terrorist organizations in armed conflict zones abroad. Spouses, fathers of some women returned as part of humanitarian operations, died in the course of armed clashes.

Given this circumstance, on the instructions of the President of Uzbekistan, five humanitarian actions "Mehr" were successfully carried out in 2019-2021, within the framework of which more than 500 citizens of the republic, mainly women and children, were returned to their homeland from the zones of armed conflicts in the Middle East and in Afghanistan.

In order to further assist in their speedy reintegration and rehabilitation, a set of measures has been implemented at the state level to provide timely medical, psychological, material and moral assistance. To date, all returnees have been provided with the necessary conditions for their adaptation to peaceful life and integration into society, access to educational and other social programs has been provided, including through the provision of housing and employment.

In general, it is worth noting that an important distinguishing feature of the religious life of modern Uzbekistan is the inadmissibility of establishing advantages or restrictions for one religion in relation to other denominations.

One of the main priorities of reforming society in order to ensure interethnic harmony and religious tolerance is to ensure and protect the rights and freedoms of citizens, their equality before the law regardless of race, gender, nationality, language, social origin, beliefs, religion, personal and social status, which are enshrined in the Constitution of Uzbekistan.

Uzbekistan consistently and steadily fulfills its international obligations in the field of ensuring religious freedoms within the framework of international human rights treaties.

As is known, Uzbekistan has acceded to more than 70 major international human rights instruments. Accession to these documents contributed to the creation of an effective human rights protection system in Uzbekistan.

It is important that Uzbekistan's policy in the field of religion, aimed at strengthening interfaith dialogue and religious tolerance in society, is an important factor of stability and security.

In conclusion, I would like to emphasize that the large-scale reforms being carried out in the country are a clear confirmation of the consistent continuation by the President of the Republic of Uzbekistan of the implementation of the principle "Everything in the name of man, in the name of his future."

Committee on Religious Affairs

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

Namangan is one of Uzbekistan’s regions with a rich centuries-old history. The area has been continuously inhabited for more than two thousand years. The Namangan region was established as an administrative unit in 1941. Today, its population exceeds three million people. The area covers 7,900 km², and its administrative centre is the city of Namangan. The city is located at an altitude of about 450 metres above sea level.

Namangan is one of the most densely populated regions of Uzbekistan. As a result, public life is highly active, and economic, cultural, and educational processes are developing dynamically. The annual International Flower Festival is especially well known.

The Flower Festival was first held in Namangan in August 1961 as a flower exhibition. In 2018, it received international status, and since then it has attracted participants and guests from various countries. Today, it has become one of Uzbekistan’s largest international cultural celebrations.

This year marks the 65th anniversary edition of the festival. Over the years, the event has gained recognition not only in the country but also internationally.

The festival attracts significant interest not only from residents of Uzbekistan but also from neighbouring countries, as well as international experts and specialists. Preparations for the event are currently in full swing.

According to organisers, around 1 million foreign tourists from more than 50 countries and over 7 million local visitors are expected this year. The 50-day festival will include more than 150 cultural, educational, and entertainment events.

A key feature of this year’s festival may be its inclusion in the Guinness World Records. A process is currently underway to set a record for the largest-scale flower planting within a month. The process is being monitored for transparency by a representative of the organization in the UAE, Kanzy Defrawy, in accordance with international standards.

The festival will run from 24 May to 12 July. Its programme includes gala concerts, drone shows, car parades, open-air symphony concerts, fashion weeks, exhibitions, and international forums on tourism, investment, and business.

As part of the preparations, around 5 million seasonal flowers have been planted across the city and districts, giving the region a bright and festive appearance.

The opening ceremony will take place on 24 May at Babur Park in Namangan. On this day, a flower-decorated car parade will be held through the city streets, and in the evening a concert featuring local and international artists will take place at the amphitheatre of the “New Uzbekistan” Park.

Throughout the festival, daily programmes will include theatre performances, puppet shows for children, handicraft fairs, workshops, and regular concerts in parks.

In late May and early June, several major events are planned, including a symphony concert, a retro music evening, “Fashion Days” shows, a lavender festival, and a concert by Yulduz Usmonova. A drone show is also scheduled for 1 June.

Sports enthusiasts will be able to enjoy wrestling competitions, motocross events, international tournaments, and ethnosport games.

The festival will also host international conferences on biodiversity, artificial intelligence, tourism, and economics, highlighting its scientific significance.

In addition, gastronomic festivals, youth environmental campaigns, competitions, and special programmes for children are planned.

The festival will conclude on 12 July with a closing and award ceremony at the “New Uzbekistan” Park.

In summary, the International Flower Festival in Namangan is not only a celebration of flowers but also a large-scale international event that combines culture, art, sport, and science.

Dunyo IA

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.