Uzbekistan and Finland possess significant potential to deepen their partnership in the areas of ecology, sustainable natural resource management, and climate change mitigation. Environmental institutions of both countries actively engage through international conferences, forums, and projects supported by international organizations and development banks.

One of the most notable examples of practical cooperation is the joint project between the Agency of Hydrometeorological Service of Uzbekistan, the Ministry for Foreign Affairs of Finland and the Finnish Meteorological Institute. Valued at USD 2 million, the project aims to strengthen Uzbekistan’s hydrometeorological capacity, train specialists in modern forecasting methods for weather and natural disasters, and enhance climate services and adaptation measures to climate change.

To further expand bilateral cooperation, the Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan has identified several priority areas that could form the basis for a future Memorandum of Understanding with Finland.

One key area of collaboration could be sustainable forest management. Over 70% of Finland’s territory is covered by forests, which account for 0.5% of global timber reserves. Studying Finland’s experience in public-private partnerships in forestry and its effective mechanisms for conserving forest ecosystems could help Uzbekistan improve its own approaches to developing green zones and protecting natural territories.

Another promising area is circular economy development. Finland was among the first countries to adopt a national “roadmap” for transitioning to circular models of production and consumption. For Uzbekistan — which is currently developing a modern waste management and recycling system — learning from Finland’s sustainable production practices would be an important step toward achieving “green” growth.

Air quality management is also an area of great interest. Finland is recognized as one of the countries with the cleanest air in the world, thanks to its advanced monitoring systems and strict environmental regulations. Adopting Finnish technologies for tracking pollutants and reducing emissions could significantly improve air quality in Uzbekistan’s urban centers.

Particular attention is also given to climate action. Finland aims to achieve carbon neutrality by 2035 and its strategies for reducing emissions and adapting to climate challenges could serve as a valuable model for Uzbekistan in implementing its own climate commitments under the Paris Agreement.

An important area of focus is scientific and educational cooperation. The Ministry of Ecology of Uzbekistan is interested in establishing partnerships between Finnish universities and the Central Asian University of Environmental and Climate Change Studies (Green University). Academic exchange programs, joint research initiatives and the development of green educational technologies will contribute to training a new generation of environmental and climate specialists in the region.

Cooperation in biodiversity conservation and protected areas management is also of high importance. Finland allocates 13.3% of its territory for these purposes and plans to expand this figure to 30% by 2030. This experience holds great value for Uzbekistan, which is actively implementing a national program to expand its network of reserves and national parks.

The signing of a Memorandum of Cooperation between the Ministry of Ecology, Environmental Protection and Climate Change of the Republic of Uzbekistan and the Ministry of the Environment and Climate of Finland would be a logical step toward strengthening this partnership. Joint initiatives between the two countries will help combine innovation and scientific expertise in pursuit of a shared goal — protecting nature, enhancing climate resilience, and building a sustainable and environmentally secure future.

Anvar Tursunaliyev,

Chief specialist Department of international cooperation

and rankings of the Ministry of Ecology,

Environmental Protection and Climate Change

How candidates are selected in Uzbekistan through a single portal of vacancies of state bodies and organizations
In Uzbekistan, electronic document management systems are being implemented, the range of public services is expanding, human resource management processes are being optimized, and a unified public sector ecosystem is being developed through integration and other measures.
In recent years we have seen the adoption of several key strategies, including the National Strategy of Action on Five Priority Directions of Development of Uzbekistan for 2017-2021, the "Digital Uzbekistan - 2030" Strategy, the "New Uzbekistan Development Strategy for 2022-2026," and the "Uzbekistan - 2030" Strategy. These strategies aim to drive digital transformation across the national economy, industry, and society as a whole.
Digitalization has also impacted the public civil service. Notably, the decree of the President of Uzbekistan "On measures for the radical improvement of personnel policy and the system of public civil service in the Republic of Uzbekistan" dated October 3, 2019, established the Agency for the Development of Public Service under the President of the Republic of Uzbekistan (ARGOS). ARGOS is responsible for implementing a unified state policy in personnel management and human resource development within state bodies and organizations.
ARGOS was tasked with implementing innovative personnel management and human resource development methods based on principles of openness, professionalism, and accountability. This includes introducing a system of measurable indicators (key performance indicators) for evaluating public civil servants and analyzing their performance, systematically identifying and attracting qualified specialists (including those abroad), and widely involving talented youth and women in public service. Additionally, ARGOS organizes an open, competitive selection process for the most promising personnel in public service.
Including the implementation of an open, independent competitive selection system announced through a single portal for public vacancies (vacancy.argos.uz). Previously, entering public service required visiting various agencies, submitting resumes, and waiting for responses.
Today, candidates can log into their personal account on the vacancies portal, select a suitable position, and submit an application. The platform provides information on the candidate's status and upcoming selection stages. The open competitive selection involves stages such as application acceptance, verification of qualification requirements, testing, and interviews. Not all candidates pass all stages on their first attempt.
The competitive selection process is based on meritocracy, ensuring that only the most deserving candidates are chosen, thus promoting transparency and fairness.
As of now, more than 188,000 competitive selections have been announced on the vacancy.argos.uz platform, with over 2.9 million applications submitted and 69,163 candidates successfully hired.
Another significant change in state personnel administration is the formation and management of the National Personnel Reserve using modern information systems. ARGOS is responsible for this task, and continuous work is underway to develop and enrich the National Personnel Reserve.
Managing the National Personnel Reserve involves more than just record-keeping; it includes comprehensive measures to prepare personnel for managerial roles. Each person in the Reserve receives an individual development plan for the certain period of time, which includes professional development courses and internships in public bodies. Candidates should regularly report on their progress, providing additional insights into their suitability for managerial positions.
All these activities are managed through the unified information portals: my.argos.uz for personal users, hrm.argos.uz for personnel departments of ministries and agencies, kadrlar.argos.uz for ARGOS performance monitoring, and zaxira.argos.uz for individual performance data and activities.
A third key change is reflected in the resolution of the Cabinet of Ministers of the Republic of Uzbekistan "On measures to improve the human resource management system in Republican and local executive bodies" dated September 22, 2023. It stipulates that from November 1, 2023, all information and documents related to human resource management in these bodies will be maintained on the electronic platform hrm.argos.uz.
Starting from this date, all ministries and agencies are required to conduct personnel administration documentation exclusively on hrm.argos.uz. This new system enables comprehensive monitoring and analysis of personnel management, providing accurate information on vacancies, employee numbers, career movements, and compliance with public service legislation.
Ultimately, this platform acts as a mirror, reflecting both the successes and shortcomings of personnel management departments, allowing ARGOS to respond promptly, prevent, and address issues in public civil service.
In conclusion, digital technologies play a crucial role in development and should be a primary focus for building a sustainable economic and public sector. Expanded digitalization and digital transformation, along with investments in the digital ecosystem, IT infrastructure, and electronic services, will drive further modernization of the national public service system and accelerate growth in various sectors.

In October, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, will pay a state visit to the Kingdom of Belgium, during which important decisions are expected to be made that will mark a qualitatively new stage in relations between Uzbekistan and the European Union. In particular, the visit will feature the signing of the Agreement on Enhanced Partnership and Cooperation.

In recent years, Uzbekistan has been actively shaping a new framework of engagement with Europe – a key pillar of stability amid current geopolitical tensions and global economic uncertainty. The ties between Uzbekistan and European countries continue to grow, and the areas of cooperation are diversifying, supported by the ongoing reforms in Uzbekistan.

Building a New Chapter in Relations

After gaining independence, Uzbekistan’s relations with the European Union developed dynamically. A Memorandum of Understanding between the Government of Uzbekistan and the European Commission was signed in 1992, followed by the establishment of diplomatic relations in 1994. The foundation of cooperation was laid by the Partnership and Cooperation Agreement (PCA) signed in June 1996 and entering into force in 1999. However, at a certain stage, cooperation faced difficulties due to the insufficient pace of democratic reforms in Uzbekistan.

With the election of Shavkat Mirziyoyev as President, the situation changed dramatically. As early as 2017, during his visit to Tashkent, Stefano Manservisi, Director-General for International Cooperation and Development of the European Commission, stated that “the EU regards Uzbekistan as a strategic partner.” The sweeping democratic and economic reforms launched in Uzbekistan helped resolve within a short period many issues that had long remained unsolved. Forced labor was completely eradicated, and reforms in the cotton sector enabled the country to abandon raw cotton exports altogether.

As reforms advanced, the legal and institutional framework of relations with Europe expanded rapidly. While previously Uzbekistan and the EU granted each other most-favored-nation treatment under the PCA, in April 2021 the EU granted Uzbekistan GSP+ beneficiary status, and in 2022 the Enhanced Partnership and Cooperation Agreement (EPCA) was initialed.

Along with internal transformation, Uzbekistan’s foreign policy architecture also changed. Priority was given to closer cooperation with neighboring Central Asian states, as well as the active expansion of ties with European countries – a vector that has strengthened steadily in recent years.

Just in the past year, Uzbekistan established strategic partnership relations with France, Italy, and Slovakia, while discussions on expanding strategic cooperation with Hungary continued. President Mirziyoyev also visited Slovenia, and Italy’s Prime Minister and Bulgaria’s President visited Uzbekistan.

A milestone in strengthening relations between Uzbekistan and Europe, and between Europe and Central Asia as a whole – was the first EU–Central Asia Summit, held in Samarkand in April 2025 under the chairmanship of Shavkat Mirziyoyev. Uzbekistan presented a broad range of initiatives to create a new model of regional cooperation between Central Asia and Europe, including: a multilateral agreement on investment protection and promotion; the launch of a Central Asia–EU Joint Chamber of Commerce; the adoption of a regional support program for SMEs and women’s entrepreneurship; the establishment of an investment platform to promote regional projects in green energy, innovation, transport, infrastructure, and agriculture.

The Samarkand Summit was highly productive. A Joint Declaration was adopted, establishing a strategic partnership between the two regions in trade, transport, energy, digital connectivity, and water management. European Commission President Ursula von der Leyen announced that the EU had prepared a €12 billion investment package for Central Asia under the Global Gateway initiative.

The Trajectory of Economic Cooperation

Uzbekistan’s deep democratic transformations have significantly improved relations with European countries. Economic reforms have enhanced the competitiveness of Uzbekistan’s economy, stimulating investor confidence and growing interest from European businesses.

The results are impressive. Over the past 8 years, Uzbekistan’s GDP has doubled, reaching $115 billion in 2024. Since 2017, investment in fixed capital has totaled $240 billion, of which foreign investment exceeded $130 billion. The country’s foreign exchange reserves surpassed $48 billion for the first time in history. Structurally, the share of industry in the economy increased from 20% to 26%, and services from 44% to 47%. Labor productivity (GDP per employed person) rose by 45%.

As a result, opportunities for mutually beneficial cooperation between Uzbek and European businesses have expanded. Between 2017 and 2024, Uzbekistan’s trade with the EU increased 2.4 times to $6.4 billion; exports grew 3.6 times to $1.7 billion, and imports 2.2 times to $4.7 billion. In 2024, the EU’s share in Uzbekistan’s total trade turnover was 9.7%, in exports 6.3%, and in imports 12%. The EU ranked third among Uzbekistan’s trade partners, after China and Russia.

The EU’s share in Uzbekistan’s total exports increased from 3.8% to 6.3% over the same period. This growth was driven by Uzbekistan’s accession to the GSP+ preferential trade system, granting duty-free access to the EU market across roughly 6,200 tariff lines. The share of Uzbekistan’s exports benefiting from GSP+ reached 59%, with a preference utilization rate of 84%, indicating efficient use of trade benefits.

In 2024, Uzbekistan’s exports to the EU were dominated by chemical products (52.1%), as well as textiles, ferrous and non-ferrous metals, minerals, and food products. Among EU members, France accounted for 47.2% of exports, Lithuania for 10%, and Latvia for 6.9%.

Uzbekistan’s imports from the EU significantly exceeded exports – a reflection of the ongoing technological modernization of the national economy. Around 16% of Uzbekistan’s total imports of machinery, equipment, and transport vehicles come from EU countries.

Investment cooperation is also expanding rapidly. In 2024, foreign investments and loans from EU countries and their financial institutions increased by 77%, reaching $4.1 billion (compared to $2.3 billion in 2023). The most active investors were Germany ($1.37 billion), the Netherlands ($1.05 billion), Cyprus ($858.9 million), the Czech Republic ($137.8 million), Italy ($99.8 million), and Sweden ($97.5 million). Today, around 1,000 enterprises with EU capital operate in Uzbekistan, with a total project portfolio of €30 billion.

A special role in recent years belongs to the EBRD, of which Uzbekistan has become one of the largest beneficiaries. The Bank’s total investments in Uzbekistan’s economy exceeded €5 billion, including around €1 billion in 2024, primarily directed toward the private sector.

Reforms in Uzbekistan have become the key driver for unlocking the significant potential of trade and economic cooperation with the European Union.

Uzbekistan–Belgium

The upcoming visit will also focus on strengthening relations between Uzbekistan and Belgium. Diplomatic relations were established following the opening of the Embassy of Uzbekistan in Brussels in 1993. In 1996, the two countries signed an Agreement on avoidance of double taxation, and in 1998 – an Agreement on mutual protection and promotion of investments, which provide legal guarantees for investors in both states.

Business contacts have intensified in parallel with Uzbekistan’s reform agenda. The visits of 2019 and 2022 set the tone for cooperation in infrastructure, energy, and the digital economy. More important than the current trade volumes has been the recognition and support of Uzbekistan’s reforms by EU partners, laying the foundation for long-term engagement.

In 2024, bilateral trade amounted to $62.3 million, including $7.3 million in Uzbek exports and $55 million in imports. Investment cooperation is gaining momentum: several dozen companies with Belgian capital now operate in Uzbekistan, including wholly owned enterprises. New technologies are being localized, for example, Jaga Climate Designers is participating in a joint venture for heating and ventilation systems, and Picanol Group is localizing the assembly of high-tech textile machinery. Belgian brands Belcolade and Prefamac are exploring opportunities to launch chocolate production with subsequent localization.

Despite modest trade volumes, there is significant potential for expanding cooperation in several areas. Given Belgium’s leading role in pharmaceuticals and biomedical research and Uzbekistan’s growing pharmaceutical market, joint ventures or industrial clusters could be developed in this sector, involving companies such as UCB and Janssen Pharmaceutica.

There is also strong potential for joint fruit and vegetable processing projects in Uzbekistan, targeting exports to the EU via Belgian logistics hubs such as the Port of Antwerp and wholesale markets. Potential partners include Greenyard and Puratos. Direct seasonal exports of fresh fruits (e.g., grapes in autumn and winter), as well as dried vegetables, spices, and organic products, could also be expanded. In light industry, there is room to increase exports of ready-made knitwear and home textiles, provided European quality and safety standards are met. The market potential is evident – Belgium imported about $7.9 billion worth of clothing in 2024.

The main challenges remain logistics and standards. Belgium functions as a major EU maritime hub centered around Antwerp, while direct routes from Uzbekistan are still limited. The near-term priority should be pilot supply chains ensuring quality and traceability, the development of cold logistics, certification under EU technical and sanitary regulations, the use of Benelux consolidation hubs, and trade finance tools for SMEs. With the gradual development of new overland routes along the Middle Corridor, Uzbekistan will gain a stronger foothold in high value-added exports without higher costs or delivery delays.

Conclusion

Uzbekistan is entering a stage of deepened economic cooperation with the European Union. During the ongoing modernization and digital transformation of its economy, European investment, technology, education, and research experience can play a key role. At the same time, Uzbekistan seeks to expand exports of industrial goods as their quality improves.

Uzbekistan is also a rapidly growing market with a young and dynamic population, now reaching 38 million people – an 18% increase since 2017. Every year, around 700,000 economically active individuals enter the labor market, forming a substantial human resource base for the economy, including joint ventures.

As a result of poverty reduction policies, living standards and household incomes have risen significantly. Whereas a third of the population once lived below the poverty line, 7.5 million people have been lifted out of poverty, and the poverty rate declined to 8.9% in 2024, with plans to reduce it further to 6% this year. These policies not only address social challenges but also expand domestic demand, increasing the interest of European businesses in entering Uzbekistan’s market.

The further deepening of Uzbekistan’s economic engagement with the EU and Belgium is an objectively mutually beneficial process – one that will define the success of the upcoming state visit of President Shavkat Mirziyoyev to Belgium.

The agreements expected to be signed will help advance joint projects in sustainable energy and infrastructure, strengthen transport and technological connectivity between Central Asia and Europe, and position Europe as a key partner in Uzbekistan’s long-term growth and modernization trajectory.

 Obid Khakimov,  

Director of the Center for
Economic Research and Reforms

On the Inaugural Meeting of the Peace Council in Washington

At the invitation of the President of the United States Donald Trump, President of the Republic of Uzbekistan Shavkat Mirziyoyev paid a working visit to Washington on February 17–19 to participate in the inaugural meeting of the Peace Council. The visit combined a substantive political agenda with an extensive economic program and resulted in a number of agreements aimed at further strengthening Uzbek-American strategic partnership and expanding bilateral cooperation across key sectors.

Expanding Participation in Addressing Global Challenges

The Peace Council is an intergovernmental initiative put forward by President Trump within the framework of the Gaza peace plan endorsed by the UN Security Council in November 2025. The establishment of this platform is intended not only to coordinate humanitarian assistance but also to create institutional mechanisms for long-term stabilization, reconstruction, and socio-economic recovery of the Gaza Strip, while reducing the risks of renewed escalation in the Middle East.

The Charter of the Peace Council was signed on January 22, 2026, on the sidelines of the World Economic Forum in Davos. Signatories included leaders and representatives of Azerbaijan, Argentina, Armenia, Bahrain, Bulgaria, Hungary, Indonesia, Jordan, Kazakhstan, Qatar, Morocco, Mongolia, the United Arab Emirates, Pakistan, Paraguay, Saudi Arabia, Türkiye, Uzbekistan, and Kosovo. Subsequently, Belarus, Albania, Cambodia, Egypt, El Salvador, Jordan, and Kuwait officially joined the group of founding states, expanding the Council’s geographic and political representation.

By joining the founding members at the invitation of the U.S. President, Uzbekistan reaffirmed its commitment to peaceful diplomacy, respect for international law, and shared responsibility for maintaining global stability. Uzbekistan recognized Palestine in 1994 and consistently supports the right of the Palestinian people to establish an independent state in accordance with international legal norms and UN resolutions.

Uzbekistan’s policy toward Gaza combines principled political positioning with practical humanitarian engagement. In 2023, Uzbekistan allocated $1.5 mln through UNRWA. In December 2023, 100 wounded Palestinian women and children were evacuated and provided with medical treatment and rehabilitation services. In 2025, Uzbekistan developed a comprehensive state support mechanism for Palestinian citizens received in the country, including asylum procedures, access to healthcare, education for children, and employment assistance. A dedicated fund under the National Agency for Social Protection was established to finance these measures through budgetary and charitable resources.

The inaugural meeting of the Peace Council held on February 19 in Washington brought together leaders and representatives of more than 40 countries. Discussions focused on humanitarian relief, infrastructure restoration, and ensuring the sustainability of the post-conflict recovery process. At the opening of the session, President Trump announced that nine countries – Kazakhstan, Azerbaijan, the UAE, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan, and Kuwait – had jointly pledged $7 bn in assistance to Gaza, while the United States committed an additional $10 bn to support the Council’s activities.

In his address, President Mirziyoyev expressed full support for the peace initiative and confirmed Uzbekistan’s readiness to participate practically in its implementation. Particular emphasis was placed on the principle that any external governance framework for Gaza must rely on internal public support in order to ensure legitimacy, stability, and long-term effectiveness.

Highlighting the importance of coordinated international efforts, the President noted that joint actions would help secure the sustainability of the post-conflict process and accelerate socio-economic recovery. Uzbekistan also declared its readiness to contribute to the construction of residential housing, schools, kindergartens, and healthcare facilities in Gaza, thereby supporting both humanitarian and development objectives.

The Palestinian and Gaza issue has remained on the international agenda for decades without a comprehensive solution. In this context, the creation of the Peace Council represents one of the most structured multilateral attempts in recent years to address the crisis, while Uzbekistan’s participation among the founding states reflects the growing recognition of its constructive diplomatic role.

Expanding Trade and Economic Cooperation

Alongside political dialogue, the economic dimension of the visit formed a central pillar of bilateral engagement. In recent years, Uzbekistan and the United States have steadily restored institutional mechanisms of strategic partnership and expanded practical cooperation.

Cooperation with the U.S. Export-Import Bank resumed in 2017 after a 13-year hiatus. Agreements were concluded between Amazon and Uztrade, while science, technology, and economic modernization were identified among priority cooperation areas. In 2018, a $100 mln memorandum on trade financing was signed between Eximbank and Uzbekistan’s National Bank for Foreign Economic Activity. Cooperation with Openbucks supported the development of e-commerce and digital payment infrastructure.

A major milestone was reached in September 2025 during the 80th UN General Assembly in New York, where negotiations between the two presidents resulted in the formation of a portfolio of contracts and prospective projects exceeding $100 bn. The agreements covered aviation, mining and chemicals, energy, finance, and innovation. Specific arrangements included cooperation with Denali Exploration Group on rare earth elements, Re Element Technologies in rare earth metals, Flowserve on modernization of pumping stations, Valmont Industries on water-saving technologies, and Palo Alto Networks in artificial intelligence.

During the Washington visit, President Mirziyoyev held meetings with U.S. Secretary of Commerce Howard Lutnick, Eximbank President John Jovanovic, DFC CEO Ben Black, and U.S. Trade Representative Jamieson Greer. Discussions focused on expanding financing for major industrial and infrastructure projects, supporting high-tech equipment exports, launching a bilateral Investment Platform, advancing Uzbekistan’s WTO accession, and strengthening regional trade cooperation under TIFA. The agreement establishing the Investment Platform was formally signed during the visit.

Additional bilateral documents were concluded covering construction of fuel station networks, sprinkler irrigation technologies, extraction and supply of critical minerals, development of poultry clusters, agro-industrial cooperation, financial market development, and investment climate reforms. The economic agenda was identified as one of the key pillars of Uzbek-American strategic partnership, with priority cooperation areas including critical raw materials, petrochemicals, energy, agriculture, and industrial modernization.

Trade and Investment Dynamics

The intensification of bilateral cooperation has already produced tangible economic results. Between 2017 and 2025, trade turnover increased 4.7-fold from $215 mln to $1 bn. Exports grew 9.1-fold to $291.7 mln, while imports rose 3.9-fold to $712.3 mln.

Exports to the United States are dominated by services (81%), including programming, financial, information, and transport services. Petroleum products account for 8.6%, machinery and equipment 3.7%, food products 3.5%, and industrial goods 3.3%.

Imports from the United States are led by machinery and equipment (59%), including aircraft, vehicles, computing equipment, engines, pumps, and industrial installations. Services account for 20.5%, chemicals 9.7%, industrial goods 3.8%, food products 3.2%, and manufactured goods 2.2%.

Investment cooperation has expanded dynamically. U.S. FDI and loans increased nearly 64-fold from $8.6 mln in 2017 to $383.2 mln in 2025, with cumulative inflows exceeding $2.9 bn. As of February 2026, 346 enterprises with U.S. capital operate in Uzbekistan, including 146 joint ventures and 200 wholly foreign-owned firms. Investments are concentrated in manufacturing, mining, construction, services, and agriculture.

Prospects for Deeper Economic Partnership

Recent dynamics indicate a transition from trade expansion toward long-term technological and industrial partnership. While services dominate exports, significant untapped potential remains in agro-processing, textiles, non-ferrous metallurgy, and higher value-added manufacturing.

Given annual U.S. imports of $118 bn in textiles and apparel, $539 bn in food products, and $213 bn in pharmaceuticals, even limited market penetration could significantly expand Uzbek exports and rebalance their structure.

Technology cooperation represents a separate strategic track. The United States accounts for 45% of Uzbekistan’s IT exports, with 448 of 800 exporters supplying digital services to the U.S. market. The next phase may involve joint industrial production in electronics and microelectronics with companies such as NVIDIA, Intel, and Qualcomm, enabling integration into global value chains.

Energy cooperation could support infrastructure modernization and renewable energy deployment, while pharmaceutical localization and joint R&D with companies such as Pfizer, Johnson & Johnson, and Merck offer additional avenues for technology transfer and investment.

Privatization and PPP initiatives create further opportunities. By 2030, the private sector share in Uzbekistan’s economy is projected to reach 85%, with stakes in 2,000 enterprises planned for sale and $30 bn in PPP projects to be launched. Cooperation with U.S. capital markets, including the NYSE and Nasdaq, may further support the development of Uzbekistan’s financial infrastructure.

Conclusion

President Mirziyoyev’s visit to Washington and participation in the inaugural Peace Council meeting carry both diplomatic and economic significance.

Uzbekistan’s engagement in the Council strengthens its international standing and expands its contribution to addressing global challenges. At the same time, the agreements reached and the expanding portfolio of joint projects elevate Uzbek-American relations to a new stage characterized by deeper institutional cooperation, industrial integration, and long-term strategic trust.

Viktor Abaturov,

Center for Economic Research and Reforms

Bakhtiyor Mustafayev, Deputy Director of the Institute for Strategic and Regional Studies under the Head of our state (ISRS), commented on the outcomes of the working visit of President of Uzbekistan Shavkat Mirziyoyev to Switzerland and his participation in the ceremony of signing the Board of Peace Charter in Davos:

- The participation of the President of Uzbekistan, Shavkat Mirziyoyev, in events held on the sidelines of the Annual Meeting of the World Economic Forum in Davos in January 2026 constituted a landmark development, reflecting the country’s transition to a new stage of international positioning.

Against the backdrop of increasing geopolitical uncertainty, Uzbekistan demonstrated an approach that aligns domestic reforms with evolving global expectations, positioning itself as a reliable and predictable partner for investment and initiatives in the field of security.

A central milestone of the working visit was the participation of the Head of State in the ceremonial signing of the Board of Peace Charter on January 22, 2026. The invitation extended to the President of Uzbekistan by the President of the United States, Donald Trump, to join this body as a founding member reflects a high level of international confidence.

Uzbekistan’s participation in the Board of Peace is grounded in clear strategic considerations.

First, this represents a natural continuation of the strategy of openness and multi-vector dialogue that Uzbekistan has consistently pursued in recent years.
Tashkent has been purposefully strengthening its presence across all major global platforms, actively participating in regional and international formats of the United Nations, the Shanghai Cooperation Organization (SCO), the Commonwealth of Independent States (CIS), the Organization of Turkic States (OTS), the Organization of Islamic Cooperation (OIC), and BRICS+.

The invitation extended to U.S. President Donald Trump to participate in the G20 Summit reflects the growing recognition of Uzbekistan as a responsible partner in global governance. Accession to the Board of Peace logically builds on this trajectory, reaffirming Uzbekistan’s capacity to engage on an equal footing with the world’s leading powers and to make a constructive contribution to the development of new mechanisms of international cooperation.

Second, Uzbekistan’s participation in the Board of Peace clearly demonstrates its firm commitment to a principled position on the Palestinian issue, where Tashkent combines humanitarian resolve with practical action.
Following President Shavkat Mirziyoyev’s public call for a ceasefire in November 2023, the country moved from words to deeds: USD 1.5 million in assistance was allocated through UNRWA, and in December 2024 Uzbekistan carried out a humanitarian evacuation of 100 wounded Palestinian women and children from Rafah.

Drawing on the successful experience of the Mehr program, Tashkent created comprehensive conditions for their medical treatment and social rehabilitation, effectively offering the international community a functioning model of practical humanitarianism. This state policy—going beyond declarations and implying real responsibility for human lives—became a key factor of trust in the formation of the Board of Peace.

Third, the Davos platform served as a catalyst for advancing Uzbekistan’s economic and investment profile toward a higher level of global competitiveness. Over the past decade, the country has demonstrated sustained economic growth: GDP has more than doubled to USD 145 billion, economic growth reached 7.7 percent in 2025, and foreign exchange and gold reserves exceeded USD 60 billion for the first time.

Structural transformation of the economy is reflected in the fact that more than 80 percent of GDP is generated by processing industries, while exports reached a historic high of USD 33.4 billion, representing a 24 percent increase. Equally significant are the social outcomes of the reforms, including a reduction in the poverty rate from 35 percent in 2017 to 5.8 percent in 2025, contributing to more inclusive economic development.

In addition, negotiations between the President of Uzbekistan and the leadership of BlackRock, the world’s largest asset manager, marked an important step toward attracting long-term and sustainable investment. Discussions on potential equity participation and the establishment of joint investment mechanisms indicate Uzbekistan’s growing integration into global investment processes. This confidence is also reflected in the activities of the European Bank for Reconstruction and Development (EBRD), whose total investments in Uzbekistan have reached nearly USD 7 billion, making the country one of the Bank’s key partners in the region.

Fourth, amid the fragmentation of the global order and the escalation of regional tensions, ensuring that the interests of Uzbekistan and Central Asia are adequately reflected in emerging security frameworks remains of critical importance. Participation in the Board of Peace serves as an instrument of preventive diplomacy based on the understanding of the interconnected nature of contemporary challenges and threats.

Uzbekistan is effectively establishing the first line of defence for its own security and for the stability of the entire region, ensuring that national and Central Asian interests are not marginalized in global decision-making processes.

In conclusion, it can be stated with confidence that President Shavkat Mirziyoyev’s visit to Switzerland has set a new strategic trajectory for the country’s development.

The combination of institutional consolidation within the Board of Peace, internationally recognized macroeconomic achievements, a consistent humanitarian stance, and the active promotion of regional interests at the global level positions Uzbekistan as a unique model of successful modernization in the contemporary world — a state that not only adapts to changes in the international system, but also earns the right to participate in shaping the global agenda of the 21st century.

Dunyo IA

To mark Defenders of the Homeland Day and the 34th anniversary of the Armed Forces of the Republic of Uzbekistan, a number of significant state events were held. Key events included an expanded meeting of the Security Council chaired by President Shavkat Mirziyoyev, a tour of the defense industry's production facilities, and the head of state's address to military personnel and compatriots.

In this regard, a correspondent of Dunyo IA approached Akramjon Nematov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan, with a request to comment on the key outcomes of these events and the tasks outlined by the country’s leader:

- It's no exaggeration to say that today, the Supreme Commander-in-Chief of Uzbekistan laid the foundation for a new stage in the modernization of the national army—its high-tech transformation. I would even say that Shavkat Miromonovich's congratulations this year were not simply a tribute to tradition, but a kind of manifesto for the "New Look Army," where intelligence and technology must finally supplant outdated approaches to warfare. In the President's vision, security is not an isolated military task, but a multidimensional foundation for the sustainable development of the state in the digital age.

By analyzing the key messages of the head of state, one can trace a clear and consistent logic for the transformation of all elements of the public administration system.

The key innovation of the current stage of reforms lies in the recognition of the profound transformation of the very nature of modern warfare, in which technological superiority, rather than personnel numbers, is decisive. This is why the President of Uzbekistan has set the task of a large-scale doctrinal update: the development of a new version of the Defense Doctrine and the National Security Concept has been initiated. This is dictated by the need to adapt strategic documents to the conditions of hybrid threats while simultaneously maintaining Uzbekistan's non-aligned status and reliance on multilateral diplomacy. This sends a clear signal to the country about the predictability and sovereignty of the republic's course.

The central element of the updated strategy is the transition to a “proactive mode of operation,” in which the security system must not only respond to emerging threats, but also be capable of predicting risks in advance and neutralizing them at an early stage.

This intellectualization of security naturally requires a review of the Armed Forces' technical makeup. In this regard, the head of state initiated a thorough re-equipment of the army, prioritizing the implementation of artificial intelligence, robotic systems, and modern cybersecurity systems. It was emphasized that in modern conflicts, victory is achieved not by the number of bayonets, but by technological superiority and the speed of information processing. In this context, the digital transformation of the army becomes an undisputed priority. In other words, in modern warfare, intelligence is more important than mass, and victory is determined by the quality of technology and management.

At the same time, high technology demands a fundamentally new level of competence. Therefore, a true personnel transformation has been initiated: the army is being positioned not as a closed institution, but as a modern educational and technological platform. It is becoming a school of life and professional growth, as well as a driver of economic development. Every year, 5,000 conscripts will undergo training under the "One Million Programmers" and "Five Million AI Leaders" programs. This strategic move allows us to simultaneously address two objectives: increasing the army's cyber resilience and creating a pool of in-demand specialists for the country's economy.

Furthermore, the program provides for training soldiers in civilian professions, with the issuance of state-issued certificates upon completion of their service. For military personnel opening a business after demobilization, the state will reimburse 6% of the loan interest rate. Educational incentives are also being introduced: the opportunity to take university entrance exams directly at military units, interest-free student loans for those entering universities after service, and reimbursement of the costs of obtaining international language certificates. This approach reflects the current trend of developing "smart forces," in which the country's defenders are also qualified specialists in demand in the civilian sector.

In this way, the army is organically integrated into the civil society system, providing young people with real tools for personal and professional success.

For this model to function effectively, a solid social foundation is essential. Therefore, an unprecedented strengthening of social protection for military personnel has become a logical continuation of the reforms. The decisions to double officers' length-of-service bonuses and pay veterans pensions equal to 100% of their pay are, in my view, a strategic investment in the prestige of military service. Additionally, a 10% increase in pay for privates and contract sergeants is envisaged, as well as a 20% increase in the salaries of civilian defense personnel this year and a further 50% increase next year.

The President clearly demonstrates that the state takes full responsibility for the well-being of those who defend the Motherland, thereby raising the prestige of military service and strengthening the principle of unity between the people and the army.

The final element of this comprehensive strategy is achieving profound technological self-sufficiency. The modernization of the national defense-industrial complex, the creation of domestic military technology parks, and the development of unmanned systems production are aimed at minimizing external dependence. A visit to the Chirchik Aircraft Plant and defense technology parks clearly demonstrates that Uzbekistan is focusing on localization, a service economy, and the development of its own industrial base. The creation of a regional hub for Airbus equipment maintenance is not only a matter of prestige but also a practical step toward technological independence and integration into global production chains.

All this strengthens state sovereignty, enabling the effective protection of national interests by relying on its own innovative potential and competencies. At the same time, the military is becoming a driver of innovative development: technologies developed for defense purposes inevitably find application in civilian sectors.

In conclusion, it should be emphasized that the announced initiatives mark a definitive departure from outdated models. Essentially, we are witnessing the emergence of a new model of statehood, one in which high-tech sovereignty, intellectual capital, and social justice are integrated into a single strategy.

A highly mobile, technologically advanced army is being created, capable of effectively countering hybrid threats in the changing nature of warfare. The army serves not only as a shield for the state but also as a driver of education, the economy, and social mobility—a modern, pragmatic, and deeply national approach to development and security in the new global reality.

Dunyo IA

Throughout the year, the business climate remained in positive territory, with an annual average of 57 points, indicating an overall favorable business environment in Uzbekistan.

The Center for Economic Research and Reforms (CERR) presented the results of its 2025 business climate analysis, based on monthly nationwide surveys of entrepreneurs. Using the collected data, a composite Business Climate Indicator was constructed, reflecting assessments of current business conditions as well as expectations for the next three months.

Dynamics of the Composite Business Climate in Uzbekistan

According to the results of 2025, the annual average value of the Composite Business Climate Index in Uzbekistan amounted to 57 points on a scale from −100 to +100, which is 7% higher than in 2024. The growth was primarily driven by improved assessments of current conditions. The annual average value of the Current Business Conditions Index increased by 22% and reached 47 points.

At the same time, the Expectations Index declined slightly from 68 to 66 points, while remaining at a relatively high level. This reflects a certain degree of caution among enterprises regarding future prospects amid an overall improvement in perceptions of current conditions.

Over the year, the dynamics of the Composite Business Climate Index were uneven. The highest value was recorded in June at 63 points, while the lowest level was observed in January at 52 points. Fluctuations during the year reflected both seasonal factors and businesses’ adaptation to rapidly changing economic conditions.

By the end of the year, a high level of optimism among enterprises persisted. In December, the Business Climate Index stood at 58 points, increasing by 2 points compared to the end of 2024.

Sectoral and Regional Dynamics of the Business Climate Index

From a sectoral perspective, improvements in the business climate were recorded across most sectors of the economy in 2025. In the services sector, the index reached 58 points, representing an increase of 14.7%. In construction, the index stood at 57 points, up by 14.2%, while in industry it reached 54 points, increasing by 6.8%.

In agriculture, the index remained virtually unchanged at 56 points, indicating the persistence of previously established assessments of business conditions in this sector.

From a regional perspective, the annual average Business Climate Index increased compared to the previous year in 11 regions of the republic. In seven regions, the annual average value of the index reached 57 points.

The most pronounced improvement in business climate conditions was observed in Kashkadarya region, where the index increased by 27%, followed by Jizzakh region with a 23% increase and Khorezm region with a 17% increase. In the Republic of Karakalpakstan, growth amounted to 19%.

In Samarkand region, despite a slight decline in the index, the annual average business climate remained in positive territory at 51 points. In Tashkent region, the indicator remained unchanged at 44 points.

Business Expectations Regarding Price Dynamics and Demand

In terms of business expectations, inflationary and market assessments remained moderate in 2025. On average, 23% of companies expected price increases in the near term, which is 2 percentage points lower than in 2024.

During the year, the share of entrepreneurs expecting price increases fluctuated within the range of 18–27%, reaching a peak in April and the lowest levels in September and December. The highest price expectations were observed among enterprises in agriculture and construction, reflecting sector-specific cost structures as well as the impact of seasonal and weather-related factors.

At the same time, assessments of market conditions remained relatively strong. On average, 66% of entrepreneurs expected an increase in demand for goods and services, while 57% of companies planned to expand their workforce. Overall, the results indicate the persistence of positive expectations regarding business activity and employment, alongside more restrained assessments of price dynamics.

Assessments of Demand and Employment

The Employment Index in 2025 amounted to 43 points, corresponding to a 12% increase. The most significant growth was recorded in the services sector at 14%, construction at 17%, industry at 7%, and agriculture at 11%. Throughout the year, employment dynamics remained moderate, with sustained demand for labor.

The Demand Index also showed improvement. Its annual average value reached 48 points, representing an increase of 13%. The largest contribution came from the services sector, where the index increased by 19%, while in construction, industry, and agriculture the Demand Index rose by 6% in each sector. During the year, the index remained relatively stable, with stronger positive assessments in the second half of 2025.

Barriers to Entrepreneurial Activity

Over the course of the year, a gradual reduction in barriers to doing business was observed. According to the results, 60% of entrepreneurs reported that they did not face difficulties in conducting business, which is 6% higher than in 2024.

In industry, problems related to electricity supply decreased by 4%, high tax rates by 3%, and access to financing by 3%.

At the same time, in agriculture and construction, financing-related barriers declined significantly, by 7% and 5%, respectively.

Despite the overall reduction in complaints, financing remained the main obstacle cited by entrepreneurs in construction and industry, reported by 11% of respondents in each sector.

Overall, sectoral data indicate an increase in the share of entrepreneurs who do not face significant constraints, as well as a decline in the importance of financial and infrastructure barriers.

The Business Climate Change Indicator is constructed based on the methodology of the Ifo Institute (Germany). As part of the surveys, company managers assess current and expected changes in business activity based on developments in production, demand, prices, and other indicators.

CERR Sector for the Study of Competitiveness of Economic Sectors and Investment Activity
tel.: (78) 150 02 02 (441)

CERR Public Relations and Media Sector
tel.: (78) 150 02 02 (417)

Prezident Shavkat Mirziyoyev 19-sentabr kuni atrof-muhitni muhofaza qilish va turizm sohalaridagi takliflar taqdimoti bilan tanishdi.

Hozirgi kunda havoni musaffo saqlash, ekologik hodisalarning ta'sirini kamaytirish tobora dolzarb bo'lib bormoqda. Shu bois bu borada ikkita dastur ishlab chiqildi.

Birinchisi - Chang bo'ronlariga qarshi kurashish va ularning oqibatlarini yumshatish bo'yicha 2024-2030-yillarga mo'ljallangan milliy dasturdir. Bu hujjatda “Yevro-4” standartidan past toifadagi yoqilg'ini sotish va undan foydalanishni bosqichma-bosqich to'liq taqiqlash nazarda tutiladi. Buning uchun Buxoro va Farg'ona neftni qayta ishlash zavodlari yuqori sifatli yoqilg'i ishlab chiqarish bo'yicha modernizatsiya qilinadi.

Ikkinchisi - Toshkent shahrida atmosfera havosi sifatini yaxshilashga qaratilgan chora-tadbirlar dasturi bo'lib, unga ko'ra, kelgusi 5 yilda poytaxtimiz va unga tutash Toshkent viloyati tumanlarida 441 gektar “yashil belbog'” va bog'lar tashkil qilinadi.

Sanitar tozalash ishlarini tartibga solish maqsadida mavjud markaz negizida Chiqindilarni boshqarish va sirkulyar iqtisodiyotni rivojlantirish agentligini tuzish taklif etilmoqda. Sanitar tozalash korxonalarining samaradorlik ko'rsatkichlariga qarab, uchta toifaga ajratgan holda reyting tizimi joriy qilinadi.

Yangi quriladigan, balandligi 12 metrdan yoki umumiy maydoni 500 kvadrat metrdan ortiq bo'lgan binolarni loyihalashtirishda unga tutash hududlarning kamida 25 foizini ko'kalamzorlashtirish talabi qo'yiladi. Shuningdek, atrof-muhitga zarari ko'p sanoat korxonalari ham “yashil belbog'”lar barpo etish majburiyatini oladi.

Ekologik huquqqbuzarliklarning oldini olish, bu borada jamoatchilik nazoratini kuchaytirish masalalariga ham e'tibor qaratildi. Faol va jonkuyar insonlarni rag'batlantirish maqsadida “O'zbekiston Respublikasida xizmat ko'rsatgan ekolog” faxriy unvonini ta'sis etish taklifi bildirildi.

Atrof-muhit bilan bog'liq bo'lgan masalalar bo'yicha qarorlar qabul qilish jarayonida jamoatchilikning axborot olish imkoniyati, ishtiroki va odil sudlovga erishishish imkoniyati to'g'risidagi Orxus konvensiyasiga qo'shilish masalasi ko'rib chiqildi.

Ma'muriy javobgarlik to'g'risidagi kodeksga qurilish maydonlarida atmosfera havosini muhofaza qilish talablariga rioya qilmaslik bo'yicha modda kiritish maqsadga muvofiqligi aytildi. Shuningdek, daraxtlarni kesish va qasddan quritish, daryo o'zanlaridan noqonuniy qum-shag'al qazib olish, chiqindilarni belgilanmagan joylarga tashlash kabilar uchun jarimalarni oshirish va qat'iylashtirish choralari ko'riladi.

Vazirlar Mahkamasining 2019-yil 27-maydagi qarori bilan respublikada ekologik markirovkalash tizimi joriy etilgan. Endi ISO 14024 xalqaro standartiga muvofiq, “Yashil belgi” nomi ostida mahsulot va xizmatlarni ixtiyoriy ekologik markirovkalash yo'lga qo'yiladi. 2 ming 336 ta xo'jalik yurituvchi subyektlarda avtomatik monitoring stansiyalari, chang-gaz tozalash uskunalari va suv tozalash inshootlarini o'rnatish bo'yicha tarmoq jadvallari tasdiqlanadi.

Ekologiya vazirligi huzurida jamoatchilik nazorati ostida boshqariladigan va yuridik shaxs maqomiga ega bo'lmagan “Yashil xayriya jamg'armasi” tashkil etiladi. Elektron xarid ilovalarida “Yashil to'lov” ixtiyoriy ustama turi ochiladi.

Sohadagi yana bir muammo yovvoyi hayvonlarni asrash bilan bog'liq. Ularni xonadonlarda boqish huquqiy jihatdan tartibga solinmagan. Shu bois endi yovvoyi hayvonlarni uy sharoitida, sirk va shapitolarda saqlash hamda tomoshalarda foydalanish taqiqlanadi. Jismoniy shaxslar ixtiyoridagi hamda sirklarda saqlanuvchi bunday jonzotlar hayvonot bog'laridagi reabilitatsiya markazlariga, okeanariumlar, pitomnik va ilmiy-tadqiqot muassasalariga topshirilishi belgilanmoqda.

Taqdimotda tibbiy turizmni rivojlantirish chora-tadbirlari ham muhokama qilindi.

Shu maqsadda O'zbekiston bu yo'nalishda Markaziy Osiyoning “chorlovchi nuqtasi” sifatida targ'ib qilinadi. “Tibbiy xizmatlar mehmondo'stligi” dasturi amalga oshiriladi. Tibbiy va sog'lomlashtirish muassasalari faoliyati rag'batlantirilib, ularning yagona reyestri ishga tushiriladi. Mehmonxonalar kabi yulduzli sanatoriylar faoliyati yo'lga qo'yiladi.

Davlatimiz rahbari bular bo'yicha hujjat loyihalarini puxta ishlab chiqish va ijrosini samarali tashkil etish bo'yicha ko'rsatmalar berdi.

In January, growth in the business climate was mainly driven by an outpacing increase in the expectations component. The agricultural sector and services became the key drivers of business confidence.

The Center for Economic Research and Reforms (CERR) presented the results of its business climate analysis based on monthly surveys of entrepreneurs across the republic. Based on the collected data, a composite Business Climate Indicator was formed, reflecting both current assessments of business conditions and expectations for the next 3 months.

Dynamics of Uzbekistan’s Composite Business Climate

In January of the current year, Uzbekistan’s composite Business Climate Index stood at 64 points (on a scale from −100 to +100), which is 23% higher than the level of 2025.

The improvement in the business climate was primarily driven by stronger assessments of the current business situation, which increased by 28%.

An additional contribution came from improved optimism regarding short-term business prospects. In particular, business expectations rose by 20%.

According to the survey, 22% of enterprises increased their number of employees. At the same time, 71% of respondents expect demand for their products to grow over the next three months, compared to about 60% in the same period last year.

The share of enterprises forecasting an increase in employment in the coming quarter rose to 65%, up from 58% a year earlier.

Sectoral Dynamics of the Business Climate Index

In sectoral terms, an improvement in the business climate compared to last year was observed in construction, agriculture, and services.

In agriculture, the Business Climate Index increased by 62% year-on-year and reached 77 points, compared to 48 points in January 2025.

Growth was mainly supported by a significant improvement in assessments of current conditions and more favorable expectations. The current situation indicator in the sector increased 2.7 times from 27 to 72 points, while expectations grew by 17% to reach 82 points.

44% of entrepreneurs assessed the condition of their business in the sector as “good,” compared to 39% a year earlier. Growth in demand for products over the past three months was reported by 46% of enterprises versus 39% in January last year. Expectations for further demand growth in the near term remain high at 71%, compared to 68% a year earlier.

In the services sector, the business climate increased by 25% compared to January last year, reaching 65 points versus 52 points a year earlier.

Growth was driven by a gradual improvement in current business conditions. Current assessments in services rose by 18% to 52 points. At the same time, a more pronounced increase was observed in the expectations component, which grew by 32% to 79 points, indicating a substantial strengthening of companies’ confidence in short-term prospects.

70% of entrepreneurs expect demand for their services to grow over the next three months, compared to 58% in January 2025. The share of enterprises expecting to increase employment in the coming quarter amounted to 61%, up from 54% a year earlier.

In the construction sector, the business climate increased by 13% to 61 points, compared to 54 points a year earlier. The current situation indicator improved by 43% to 57 points. Expectations were formed at the level of 66 points, showing a decline of 4%.

38% of respondents reported that business conditions in construction had improved over the past three months, compared to 35% a year earlier. The share of enterprises reporting workforce growth rose to 38% from 22% a year earlier. Expectations of demand growth over the next three months were expressed by 77% of entrepreneurs, compared to 61% in January last year.

In industry, the business climate slightly declined by 5% compared to last year, while remaining at a sufficiently high level of 54 points.

At the same time, optimism among industrial enterprises remains steadily high. In January, expectations increased by 10%, reaching 78 points, indicating a continued positive outlook regarding development prospects.

According to the survey, the share of respondents reporting an improvement in business conditions over the past three months reached 32%, compared to 30% a year earlier. Demand growth over the same period was noted by 38% of industrial enterprises versus 36% in January last year. Meanwhile, employment expansion plans strengthened — 69% of entrepreneurs expect to increase their workforce in the next three months, compared to 62% a year earlier.

Barriers to Entrepreneurial Activity

According to the survey, more than half (57%) of entrepreneurs see no barriers in their activities. Among the problems cited, the most frequent are taxation (11%), utilities (9%), and access to credit (8%).

CERR Sector for the Study of Sectoral Competitiveness and Investment Activity

Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector

Tel: (78) 150 02 02 (417)

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