Uzbek.Review is a publication by EUROUZ.eu: Biweekly Bulletin

Uzbekistan Update: April 15 - 30, 2026

Tue, 05 May 2026 07:05:12 GMT

‘ EUROUZ.EU market report is the most comprehensive regular English-language update on the latest developments in Uzbekistan. Est. 2019, & offering bi-weekly reports online and monthly PDF for subscribers only. Please support us by sharing & subscribing.

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EUROUZ, in partnership with the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan, is pleased to invite you to the 5th Tashkent International Investment Forum (TIIF-2026), taking place on 16–18 June 2026 in Tashkent.

Held with the participation of H.E. Shavkat Mirziyoyev, TIIF is Central Asia’s premier investment platform, bringing together 3,000+ participants from 90+ countries.

Theme: Investment Resilience: New Frontiers, New Partnerships
Focused on Uzbekistan’s ongoing reforms, global integration, and new investment opportunities.

Forum highlights:

Presidential Plenary Session with global leaders and CEOs
20+ high-level panels (finance, energy, trade, AI, etc.)
6,000 m² exhibition across 10+ sectors

For EUROUZ members, TIIF offers direct access to key decision-makers and a unique platform to advance European–Uzbek partnerships.

EUROUZ is proud to be a partner of TIIF for the 5th consecutive year.

Early bird registration is now open.
Register: www.tiif.online | info@tiif.online

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

EUROUZ is pleased to present its Events Calendar for April–June 2026
1. 13 May — Personal Branding for Business Leaders —
  PR & Strategic Communications Committee Seminar in partnership with TEAM University
2. 22 May — Artificial Intelligence in HR: How Technology is Transforming Workforce Management — Seminar by HR & Capacity Building Committee
3. 17 June — EUROUZ Panel: EU–Central Asia Strategic Partnership for Investment, Trade & Infrastructure at Tashkent International Investment Forum
4. 17 June — European Evening Reception within TIIF2026
5. 19 June — Annual General Meeting & Member Dialogue Roundtable
EUROUZ looks forward to welcoming its members and partners across these events and continuing to provide a platform for impactful dialogue and collaboration.
Discover the full list of events - eurouz.com
EUROUZ Member Iteca Exhibition: Explore the Region’s Energy Trends and Forecasts at Uzbekistan Energy Week 2026
- The 19th International Exhibition Power Uzbekistan 2026 — Energy, Energy Efficiency, Nuclear & Alternative Energy https://power-uzbekistan.uz/en/visit-the-exhibition
- The 28th International Exhibition and Conference Oil & Gas Uzbekistan — OGU 2026 https://oilgas.uz/en/visit-the-exhibition
- GETCA 2026 — Specialised Section on Green Energy-Saving Technologies https://getca.uz/en/visit-the-exhibition
- The 6th Uzbekistan International Energy Conference https://energyforum.uz/en/request-form
  From 13 to 15 May, Uzexpocentre will host the 26th International Exhibition for Textile and Garment Industry. Each year, the exhibition brings together industry professionals, creating opportunities to grow business, find reliable suppliers, and enter new markets. Over 150 companies from 8 countries will showcase a broad range of textile products.
Jun 17, 2026 EUROUZ Business Evening at Tashkent International Investment Forum (TIIF)
The European Business Evening is EUROUZ’s flagship reception and a key event of the Tashkent International Investment Forum (TIIF). For the fourth year in a row, EUROUZ partners with TIIF to host a high-level evening connecting European and international business leaders. The reception brings together over 350 senior participants; including government officials, diplomats, CEOs, and industry leaders making it one of the Forum’s leading networking platforms.

Sponsorship Opportunities
Register here

EUROUZ & MEMBER NEWS

EUROUZ Member Škoda Group Signs $143 Million Czech Train Procurement Deal
Uzbekistan Railways and Czech company Škoda Group signed an agreement to supply modern electric trains. The deal includes delivery of 10 regional trains valued at over $143 million. The project also предусматривает establishment of local service facilities and technical knowledge transfer to Uzbek partners. The agreement supports modernization of the national rail infrastructure and workforce training. A joint venture and training academy will be created to sustain long-term operations.
Tashkent International Clinic Hosts Business Community Reception in Tashkent
On April 23, 2026, Tashkent International Clinic, in partnership with EUROUZ and AmCham Uzbekistan, organized a reception for the international business community in Tashkent. The event brought together representatives of foreign companies and organizations operating in Uzbekistan. Participants engaged in networking and discussions aimed at strengthening professional connections. The initiative supports interaction between healthcare providers and the business sector. Organizers plan to continue similar events to facilitate dialogue among stakeholders.
EUROUZ held a Healthcare & Life Sciences Committee Roundtable Meeting
The central focus of the discussion was the presentation of the Committee’s White Paper, developed over the past year, with an emphasis on its practical implementation and further refinement in close cooperation with stakeholders. In addition, industry representatives introduced their updated positions and engaged in a constructive dialogue with participants, contributing to a forward-looking and solution-oriented exchange. The roundtable further served as a platform to align perspectives, identify key sector priorities, and outline next steps for continued collaboration.
EUROUZ welcomes a new member – Mediterranean Shipping Company (MSC)
Headquartered in Geneva, Switzerland, MSC is a global leader in container shipping and logistics, operating in more than 155 countries. Since its establishment in 1970, the company has built a strong reputation for delivering reliable, flexible, and customer-oriented transport solutions through its extensive sea, land, and multimodal networks. In Central Asia, MSC maintains an active regional presence through its offices in Almaty and Tashkent, working in close coordination to provide integrated logistics solutions tailored to the needs of businesses across the region. The company offers multimodal transport services via key corridors, including the Baltic region, Russia, China, Georgia, and Turkey, with advanced expertise in handling dry and tank containers, flexitanks, and a wide range of cargo types, including general, dangerous, liquid, and household goods.
EUROUZ welcomes a new member – Alef Quad
Alef Quad is a premier law firm with offices in Tashkent and Bishkek, advising international financial institutions, multinational corporations, and government entities on complex cross-border transactions. The firm covers a broad range of practice areas, including banking and finance, capital markets, corporate and regulatory matters, natural resources, project finance, M&A, joint ventures, insurance, as well as IP and technology. Combining international legal expertise with a strong understanding of the regulatory landscape in Uzbekistan and Kyrgyzstan, Alef Quad delivers pragmatic, transaction-oriented advice tailored to dynamic and fast-developing markets.
EUROUZ welcomes a new member – UZUM
Uzum is a leading digital ecosystem in Uzbekistan, integrating fintech, e-commerce, and banking services for both individuals and small and medium-sized enterprises. Its comprehensive offering includes a marketplace, express delivery, traditional and digital banking, a BNPL service, and a car marketplace. With more than 20 million monthly users across the country, Uzum plays a significant role in advancing digital infrastructure and expanding access to financial and commercial services in Uzbekistan.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan Targets $1 Billion Trade With Czech Republic

President Shavkat Mirziyoyev and Czech Prime Minister Andrej Babiš held talks in Tashkent to expand bilateral cooperation. The countries agreed to increase trade turnover to $1 billion by broadening goods exchange and industrial collaboration. Trade has nearly doubled in recent years, with 37 joint ventures operating in Uzbekistan. The initiative supports deeper economic integration across sectors including engineering and energy. Officials will prepare a roadmap and convene the next intergovernmental meeting in August.

Uzbekistan Expands Seasonal Labor Cooperation With Western Countries
President Shavkat Mirziyoyev reviewed proposals in Uzbekistan to reform external labor migration and expand overseas employment opportunities. The government plans to strengthen seasonal labor cooperation with countries including the United States, United Kingdom, and South Korea. The initiative builds on 12 agreements in agriculture and tourism sectors and includes modernization of the “Work Abroad” platform using artificial intelligence. The policy aims to create legal employment pathways and improve migrant protection. Authorities will enhance monitoring and support systems across 37 countries.

Uzbekistan Launches Pilot Programme Sending Workers to France
Uzbekistan and France agreed to expand legal labor migration channels following high-level talks in Paris. The initiative includes a pilot programme to send 50 Uzbek workers for seasonal agricultural employment, particularly in vineyards. Agreements were also signed with French organizations to manage recruitment and placement processes. The programme supports structured migration and skills development for Uzbek citizens. Authorities plan to expand cooperation in education and employment schemes based on pilot results.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Central Asia Launches Joint 2000 MW Hydropower Project
Kazakhstan, Kyrgyzstan, and Uzbekistan confirmed plans to build a joint hydropower plant on the Naryn River. The project will deliver nearly 2,000 megawatts of generating capacity. The facility is expected to supply electricity to up to 1.5 million households. The initiative strengthens regional energy cooperation and renewable capacity. Negotiations on the intergovernmental agreement will continue in upcoming meetings in Tashkent.

Uzbekistan Forms $10 Billion Joint Investment Package With Azerbaijan
Uzbekistan and Azerbaijan began structuring a $10 billion joint investment package for bilateral projects. The initiative focuses on cooperation between enterprises across multiple sectors. Both countries aim to increase trade turnover to $1 billion alongside the investment plan. The framework includes coordinated roadmaps, business forums, and intergovernmental consultations. Authorities will continue developing project pipelines and institutional mechanisms to implement the package.

Uzbekistan Update: April 1 - 15, 2026

Mon, 20 Apr 2026 11:34:05 GMT

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Held with the participation of H.E. Shavkat Mirziyoyev, TIIF is Central Asia’s premier investment platform, bringing together 3,000+ participants from 90+ countries.

Theme: Investment Resilience: New Frontiers, New Partnerships
Focused on Uzbekistan’s ongoing reforms, global integration, and new investment opportunities.

Forum highlights:

Presidential Plenary Session with global leaders and CEOs
20+ high-level panels (finance, energy, trade, AI, etc.)
6,000 m² exhibition across 10+ sectors

For EUROUZ members, TIIF offers direct access to key decision-makers and a unique platform to advance European–Uzbek partnerships.

EUROUZ is proud to be a partner of TIIF for the 5th consecutive year.

Early bird registration is now open.
Register: www.tiif.online | info@tiif.online

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

23 April 2026, PULSE with TIC — Reconnecting Community Reception
We are pleased to inform you that EUROUZ, in partnership with its member Tashkent International Clinic and in cooperation with AMCHAM, invites you to attend the Reception: PULSE with TIC — Reconnecting Community. The reception will convene members of the international business community in Uzbekistan, providing an opportunity for professional networking and engagement in an informal setting.

As Tashkent International Clinic provides services exclusively to foreign nationals, we kindly encourage our members holding foreign citizenship to participate in this event.
Register here
22 April 2026, Compliance & Corporate Governance Committee Internal Meeting
EUROUZ invites its members to the upcoming Compliance & Corporate Governance Committee internal meeting, dedicated to one of the most requested discussion topics identified by participants: sanctions regimes and corporate compliance obligations. The session will focus on the practical impact of modern sanctions frameworks on businesses operating in Uzbekistan and the region, bringing together business representatives and international experts to discuss risk management approaches and evolving compliance expectations.

Exclusive to EUROUZ members
Register here
28 April 2026, Healthcare & Life Sciences Committee Roundtable
EUROUZ invites members and partners to the upcoming roundtable of the Healthcare & Life Sciences Committee, a key platform for structured dialogue on the development of Uzbekistan’s healthcare and pharmaceutical sectors. Building on more than three years of active engagement between business, government institutions, international organizations, and industry experts, the meeting will focus on discussing priority sector issues and presenting the Committee’s 2026 position paper, which outlines practical recommendations aimed at strengthening healthcare systems, supporting pharmaceutical industry growth, and enhancing the sector’s investment climate.

Register here
28 - 30 April, 2026 Beauty Uzbekistan — the Year’s Major Beauty Industry
Just two weeks to go until Beauty Uzbekistan and Beauty Derma Central Asia 2026 — the international specialised exhibitions bringing together every segment of the industry: cosmetology and aesthetic medicine, anti-ageing medicine, perfumery and cosmetics, equipment and technologies for the beauty business. This is a professional B2B platform where brands, distributors, practitioners and industry experts connect — exchanging insights, holding direct negotiations with market leaders, discovering new product launches and unlocking fresh business opportunities through high-impact networking. The events are held concurrently with the 30^th Anniversary Tashkent International Healthcare Exhibition – TIHE 2026.
28 - 30 April, 2026 WoodTech & MebelExpo Uzbekistan 2026
On 28–30 April, Tashkent will host the leading event in the furniture and woodworking industries: WoodTech & MebelExpo Uzbekistan 2026. This is the country’s most recognised and respected international exhibition platform for the furniture and woodworking sector, where 70% of exhibitors return year after year and visitors arrive from across the Central Asian region. Each year, over 150 renowned global companies and brands take part, attracting more than 6,500 industry professionals. For 22 years, manufacturers, suppliers, and designers have gathered here to collaborate and shape the future of the nation’s furniture industry.
Jun 17, 2026 EUROUZ Business Evening at Tashkent International Investment Forum (TIIF)
The European Business Evening is EUROUZ’s flagship reception and a key event of the Tashkent International Investment Forum (TIIF). For the fourth year in a row, EUROUZ partners with TIIF to host a high-level evening connecting European and international business leaders. The reception brings together over 350 senior participants; including government officials, diplomats, CEOs, and industry leaders making it one of the Forum’s leading networking platforms.

Sponsorship Opportunities
Register here

EUROUZ & MEMBER NEWS

Private Wealth & Compliance Forum 2026, organized by EUROUZ and its member QUORUS GmbH
The Private Wealth & Compliance Forum 2026, organized by EUROUZ and its member QUORUS GmbH was successfully held in Tashkent. The event brought together leading international experts, financial institutions, and business leaders for a focused dialogue on cross-border capital management and compliance. The discussions explored key topics including wealth structuring, asset protection, regulatory frameworks, and reputational risk, reflecting the increasing complexity of operating in a multi-jurisdictional environment. The Forum once again highlighted the value of the EUROUZ platform in connecting global expertise with the evolving opportunities in Uzbekistan.
Event Photos \ Press Release
EUROUZ CEO’s Club organizes Executive Breakfast
EUROUZ organized a closed-door Executive Breakfast within the framework of the EUROUZ CEO’s Club, bringing together European ambassadors and CEO’s of member companies operating in Uzbekistan. Held under the Chatham House Rule, the meeting provided a confidential setting for a candid exchange. The discussion offered valuable insights into the current state of European business in Uzbekistan and the evolving business relationship between Uzbekistan and Europe, reinforcing the importance of continued high-level dialogue and alignment.

Event Photos
EUROUZ Member Ipoteka Bank Launches “Imkoniyat” Mortgage Program with Murad Buildings
Ipoteka Bank OTP Group and Murad Buildings signed a cooperation agreement to expand mortgage lending in Uzbekistan’s primary housing market. The partners launched the “Imkoniyat” program offering loans up to UZS 1.7 billion with terms up to 20 years and starting rates of 20%, decreasing to 18% after registration. The initiative applies to selected residential projects in Tashkent with a minimum 20% down payment. The program aims to improve access to housing finance. Both parties will implement the scheme to support homebuyers.
EUROUZ Member EBRD Provides $10 Million Loan to Expand Texnomart Retail Network
The European Bank for Reconstruction and Development approved financing for Texnomart to support retail expansion in Uzbekistan. The project includes a $10 million senior secured long-term loan to grow operations in Tashkent and regional markets. The funding will support the development of new stores and strengthen the company’s market presence. The project is currently in the implementation phase following approval and signing. The investment aims to support private sector growth in the retail and services sector.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan Holds Spain Business Forum to Expand Economic Cooperation

Uzbekistan - Spain business forum held in Madrid to strengthen bilateral commercial engagement. The event focused on identifying and advancing joint projects across key sectors, including energy, infrastructure, agriculture, and tourism. Participants explored cooperation opportunities with companies such as Banco Santander and Almar Water Solutions. The forum underscored areas for expanding economic ties between the two countries. Further collaboration initiatives are expected to develop from the discussed projects.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Uzbekistan, Kazakhstan Presidents Hold Talks in Bukhara to Deepen Strategic Partnership

On April 11th 2026, the presidents of Uzbekistan and Kazakhstan met in Bukhara to discuss bilateral cooperation and regional development. The leaders agreed to expand their strategic partnership across trade, investment, transport, and cultural cooperation. Talks also addressed joint projects and coordination on regional stability and economic integration. The meeting reinforces efforts to deepen cooperation between the two neighboring states. Both sides will continue implementing agreements and advancing joint initiatives discussed during the visit.

Kazakhstan Expands Rare Earth Metals Cooperation with Uzbekistan
Kazakhstan and Uzbekistan held their first joint working group meeting on geology and mining in Astana to strengthen industrial cooperation. The sides agreed to expand collaboration in geological exploration, extraction, and processing of critical minerals. Discussions included technology exchange, joint ventures, and attracting international investment to develop deeper processing capacity. The initiative supports efforts to move both economies up the global value chain. A permanent working group with specialized subgroups will oversee implementation.

Kazakhstan Agrees with Uzbekistan on Joint Tourism Development Plan
Uzbekistan and Kazakhstan approved a bilateral tourism development plan for 2026–2027 during an interparliamentary cooperation meeting. The agreement introduces measures to create unified travel routes for international visitors across both countries. Officials aim to simplify logistics and increase regional tourist flows through coordinated promotion. The initiative builds on both countries accounting for over half of Central Asia’s tourism. Authorities will implement the roadmap to expand cross-border tourism offerings.

Uzbekistan Targets $500 Million Pharmaceutical Trade with Afghanistan
Uzbekistan and Afghanistan held official talks in Kabul to expand bilateral cooperation in the pharmaceutical sector. The parties agreed to increase trade volume to $500 million by boosting supplies and industry coordination. Plans include forming joint working groups, improving distribution standards, and simplifying drug registration procedures. The initiative aims to strengthen export capacity and enhance access to pharmaceutical products. Both sides will advance agreements and launch joint projects to reach the target.

Kazakhstan Expands Agricultural Cooperation with Uzbekistan on Sustainability
Kazakhstan and Uzbekistan held talks in Tashkent during an agribusiness forum to strengthen agricultural cooperation. The sides agreed to introduce modern technologies and develop sustainable farming practices to address climate challenges. Discussions also covered expanding processing of agricultural products and increasing mutual supplies of food products. The initiative aims to improve food security and boost export potential for both countries. Authorities will implement joint projects to advance agro-industrial development.

Uzbekistan Update: March 15 - 31, 2026

Fri, 03 Apr 2026 12:19:06 GMT

Support by Sharing Uzbek.Review

Held with the participation of H.E. Shavkat Mirziyoyev, TIIF is Central Asia’s premier investment platform, bringing together 3,000+ participants from 90+ countries.

Theme: Investment Resilience: New Frontiers, New Partnerships
Focused on Uzbekistan’s ongoing reforms, global integration, and new investment opportunities.

Forum highlights:

Presidential Plenary Session with global leaders and CEOs
20+ high-level panels (finance, energy, trade, AI, etc.)
6,000 m² exhibition across 10+ sectors

For EUROUZ members, TIIF offers direct access to key decision-makers and a unique platform to advance European–Uzbek partnerships.

EUROUZ is proud to be a partner of TIIF for the 5th consecutive year.

Early bird registration is now open.
Register: www.tiif.online | info@tiif.online

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

EUROUZ is pleased to present its Events Calendar for April–June 2026, featuring a series of high-level forums, business breakfasts, committee seminars, and community gatherings aimed at fostering structured dialogue, practical exchange, and engagement among members and partners.
• 16 April — EUROUZ Private Wealth and Compliance Forum in partnership with QUORUS
• 23 April — Exclusive Tour and Reception at Tashkent International Clinic (EUROUZ Member)
• 28 April — EUROUZ Business Breakfast on Investment Projects in partnership with SOLWARD
Compliance and Regulatory Updates: What Business Needs to Know
• 13 May — EUROUZ Committee Seminar on Personal Branding for Top Managers and Business Leaders (in partnership with TEAM University, PR and Strategic Communications Committee)
• 16 June — EUROUZ Panel Discussion within the Framework of the Tashkent International Investment Forum
Theme: EU–Central Asia Strategic Partnership for Investment, Trade, and Sustainable Infrastructure Development
• 17 June — Evening Reception at Tashkent International Investment Forum 2026 (preliminary registration open)
• 19 June — EUROUZ Annual General Meeting 2026 (preliminary registration open)
April 16, 2026 Private Wealth & Compliance Forum Tashkent
The Private Wealth & Compliance Forum will bring together leading experts from the legal, compliance, financial services, and strategic advisory sectors to discuss the evolving challenges faced by private clients, family businesses, companies, and institutions. As Uzbekistan deepens its engagement with global markets, managing legal, regulatory, reputational, and financial risks has become increasingly important. The forum will provide a practical platform for dialogue on how different advisory disciplines can work together to support compliant, resilient, and sustainable wealth strategies.

Register here
Jun 17, 2026 EUROUZ Business Evening at Tashkent International Investment Forum (TIIF)

The European Business Evening is EUROUZ’s flagship reception and a key event of the Tashkent International Investment Forum (TIIF). For the fourth year in a row, EUROUZ partners with TIIF to host a high-level evening connecting European and international business leaders. The reception brings together over 350 senior participants; including government officials, diplomats, CEOs, and industry leaders making it one of the Forum’s leading networking platforms.
Sponsorship Opportunities

Register here

EUROUZ & MEMBER NEWS

EUROUZ Position Paper - on Improving Institutional Dialogue Between the State and Business in the Development of Economic Regulation
The EUROUZ Banking, Regulation, and Economic Affairs Committee is pleased to present this position paper on recent regulatory and fiscal changes in Uzbekistan, particularly the implementation of Presidential Decree No. UP-246 of December 10, 2025, titled “On Additional Measures for the Development of Cashless Payments and Reduction of the Shadow Economy.”

Read the full position here:
English version \ Russian version \ Uzbek version
We invite all stakeholders to review the position and engage in an open and constructive discussion on how we can work together for a sustainable and prosperous future.
EUROUZ Signs MoU with Foreign Investors Council under the President of the Republic of Uzbekistan
EUROUZ signed a Memorandum of Understanding with the Foreign Investors Council under the President of Uzbekistan during the Uzbekistan Economic Update 2026 event. The agreement establishes a structured platform for dialogue between international investors and government institutions. It aims to improve the investment climate and support ongoing economic reforms. The partnership will coordinate activities through joint committees and working groups. Both sides will collaborate to develop solutions supporting sustainable economic growth.
EUROUZ Hosts Navruz Fest Event in Khiva
EUROUZ hosted Navruz Fest in the historic city of Khiva. The event brought together members and partners to celebrate Navruz and strengthen connections. Participants visited the historic Itchan Kala, gaining insights into its cultural heritage. The gathering highlighted themes of unity, renewal, and tradition. Organizers expressed appreciation to partners and participants for supporting the event.
EUROUZ Member Uzbekistan Signs Risk-Sharing Deal to Expand Corporate Financing
Ipoteka Bank OTP Group and the European Bank for Reconstruction and Development signed a Risk Sharing Facility agreement to support corporate lending in Uzbekistan. The framework enhances financing capacity for medium and large enterprises through shared credit risk mechanisms. The agreement was signed by bank CEO Sandro Rtveladze and EBRD Vice President Greg Gayett. It aligns with reforms aimed at strengthening private sector development and investment. Both institutions will implement financing solutions to support sustainable economic growth.
Management Change at JCC – Strengthening the Partnership with EUROUZ

As of 1 March 2026, a new management team has taken over at JCC – Joint Chambers of Commerce Switzerland – Eastern Europe / Central Asia / South Caucasus. After 15 years of dedicated service, our valued partner and dear friend Dorit Sallis has stepped down to pursue a new professional challenge. We would like to express our sincere gratitude for her longstanding commitment, excellent cooperation, and the strong relationships she has built over the years.Her successors, Sven Henniger and Andreas Bitzi, will assume their roles as Co-CEOs. Both bring extensive experience in the CIS region and a deep understanding of the economic landscape. JCC remains firmly committed to further strengthening its partnership with EUROUZ through joint events, enhanced information exchange, and expanded collaborative activities.
EUROUZ Member EBRD Invests $15.4 Million in UzCarlsberg Expansion
On March 19, the European Bank for Reconstruction and Development announced a $15.4 million financing package for UzCarlsberg in Uzbekistan. The investment will support construction of a new brewing facility and expansion of production capacity. Funds will also be used to acquire modern equipment and improve warehouse infrastructure. The project includes €200,000 in concessional finance to внедрить sustainable technologies. The initiative aims to enhance efficiency and sustainability in the food production sector.
EUROUZ Member VEON Appoints New Leadership to Drive Digital Strategy
On March 17, VEON announced senior leadership changes across its operations and headquarters to strengthen digital growth. The appointments include:
- Yevgeniy Nastradin as CEO of Beeline Uzbekistan
- Andrey Pyatakhin as Chief Operating Officer of Beeline Uzbekistan
- Jabbor Kayumov as CEO of Beeline Kazakhstan
- Ahmet Kayhan as Chief Payments and Digital Assets Officer
EUROUZ welcomes a new member – ODAŞ CA.
Operating in the Khorezm region, ODAŞ CA represents one of the key private energy projects in Uzbekistan. The company’s natural gas combined cycle power plant, developed with modern gas technology, plays an important role in strengthening the region’s electricity supply and supporting growing energy demand. As part of the ODAŞ Group’s diversified portfolio across energy, mining, and tourism, the project reflects a strong commitment to efficient energy generation, infrastructure development, and international expansion.
EUROUZ welcomes a new member – Sistronik Sistem A.Ş.
Sistronik Sistem A.Ş. delivers turnkey engineering solutions across a wide range of high-technology infrastructure projects, combining expertise in engineering, design, system integration, and implementation. The company has extensive experience in energy generation, transmission, and distribution, executing projects in high-voltage systems and providing comprehensive solutions in electrification, instrumentation, and automation. With strong expertise in international standards and system integration, Sistronik implements projects both domestically and internationally, contributing to the development of modern infrastructure. The company also places a strong emphasis on sustainable development, environmental responsibility, and innovation through continuous investment in R&D and engineering capabilities.
EUROUZ welcomes a new member – Satguru.
Established in 1989 and headquartered in Dubai, UAE, Satguru Travel & Tourism operates in the travel and tourism industry, providing a wide range of services including corporate travel management, airline ticketing, leisure travel, and destination management across global markets. With a strong international presence, Satguru has successfully expanded into multiple regions, including Central Asia. Its office in Uzbekistan plays an important role in managing both inbound and outbound travel services, supporting corporate and leisure clients, and contributing to the development of regional partnerships.

«Uzbekistan is entering a new phase in the modernization of its capital markets — and 2026 may become a defining year» — Franklin Templeton

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan Signs Seasonal Farm Labour Deal with Italian Agricultural Association
Uzbekistan and Italy signed a seasonal employment agreement during high-level talks in Tashkent, allowing Uzbek workers to take agricultural contracts of three to nine months in Italy. The accord was formalised between the Uzbek Migration Agency and Associazione Imprese Ortofrutticole, a body representing over 35 fruit and vegetable firms. Agriculture ministers from both countries participated in the negotiations alongside Migration Agency head Bekhzod Musayev. A pilot project launching in 2026 will place 100 Uzbek workers in Italian farms specialising in apples, kiwis, and strawberries. Successful implementation may expand the quota in subsequent years.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Uzbekistan and Tajikistan Set $2 Billion Trade Target During Presidential Visit

On March 26, Presidents Mirziyoyev and Rahmon convened the first session of the Supreme Intergovernmental Council in Tashkent. The two leaders set a bilateral trade target of $2 billion by 2030, up from current levels. Key measures include accelerating the Oybek–Fotekhobod border trade center and launching digital certification and E-Permit customs platforms. A new industrial cooperation program spans mining, energy, agriculture, and electrical engineering. Both presidents signed a five-year action plan on cultural ties and reaffirmed coordinated security positions within Central Asian regional frameworks.

Key agreements and agreements signed during the summit included:

Top-Level Agreements

Joint Statement on Deepening Strategic Partnership and Allied Relations: Signed by Presidents Shavkat Mirziyoyev and Emomali Rahmon.
Protocol on Amendments to the Intergovernmental Agreement on the establishment of the Uzbekistan – Tajikistan Investment Company.

Economic and Trade Agreements

Program to Increase Trade Turnover: Aimed at strengthening bilateral trade.
Industrial Cooperation Program: Focusing on enhancing industrial partnerships.
Agreement on the Mutual Use of Electronic Systems for certification of the origin of goods.
Agreement on Cooperation in the Use of the “E-Permit” information system.

Plans and Roadmaps (2026-2028)

Action Plan for Industry and Innovation (2026–2028): Focused on industrial development and technical collaboration.
Action Plan for Mining and New Technologies (2026–2028): Targeted at developing the mining sector.
Roadmap for Development of Cooperation in Tourism (2026–2028): To boost tourism exchange.
Roadmap for Further Development of Cooperation in the Agro-Industrial Complex (2026–2028).
Action Plan for Cooperation in Culture (2026–2027)

Mirziyoyev Receives Kazakh Foreign Minister to Advance Strategic Partnership

President Shavkat Mirziyoyev met Kazakhstani Foreign Minister Yermek Kosherbayev in Tashkent during an official visit. The talks centered on strengthening bilateral strategic partnership across parliamentary, governmental, and business levels. Both sides identified cooperation on rare metals as a new priority, alongside expanded collaboration in space exploration and the creative economy. Growing trade turnover and active intergovernmental commission work underpin the relationship. The parties also coordinated positions on upcoming bilateral and multilateral regional agendas.

Uzbekistan and Afghanistan Launch Joint Business Council Targeting $5 Billion Trade
Uzbekistan and Afghanistan formally established a bilateral Business Council at the Tashkent Chamber of Commerce and Industry. The council comprises 32 representatives from both countries, covering construction materials, pharmaceuticals, food products, textiles, and petroleum sectors. Both sides set a target of $5 billion in mutual trade, supported by digital customs systems, expanded financial services, and a structured action plan. The council provides a direct entrepreneurial dialogue channel to accelerate cross-border investment. Regular exhibitions, business forums, and B2B meetings will sustain implementation momentum.

Uzbekistan Update: March 1 - 15, 2026

Tue, 17 Mar 2026 10:00:22 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 NORTH & SOUTH AMERICA

1.6 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

March 22, 2026 Navruz Fest in Khiva a Special EUROUZ Cultural Gathering
EUROUZ is pleased to invite its members and partners to celebrate Navruz Sayli in Khorezm (Khiva) on 22 March, in the historic setting of Khiva.
The event will recreate the authentic atmosphere of Navruz with the traditional preparation of sumalak, a Khorezm plov dinner, national sweets, a live barak cooking station with guest participation, and a vibrant cultural program featuring traditional music and dance.

We look forward to celebrating Navruz together in Khorezm and strengthening our community through shared traditions and cultural exchange.

Register here: navruz.eurouz.events
April 16, 2026 Private Wealth & Compliance Forum Tashkent
The Private Wealth & Compliance Forum will bring together leading experts from the legal, compliance, financial services, and strategic advisory sectors to discuss the evolving challenges faced by private clients, family businesses, companies, and institutions. As Uzbekistan deepens its engagement with global markets, managing legal, regulatory, reputational, and financial risks has become increasingly important. The forum will provide a practical platform for dialogue on how different advisory disciplines can work together to support compliant, resilient, and sustainable wealth strategies. Register here
Jun 17, 2026 EUROUZ Business Evening at Tashkent International Investment Forum (TIIF)

The European Business Evening is EUROUZ’s flagship reception and a key event of the Tashkent International Investment Forum (TIIF). For the fourth year in a row, EUROUZ partners with TIIF to host a high-level evening connecting European and international business leaders. The reception brings together over 350 senior participants; including government officials, diplomats, CEOs, and industry leaders making it one of the Forum’s leading networking platforms.

Sponsorship Opportunities
25–27 March 2026 AgroWorld Uzbekistan 2026 and 1–3 April 2026 UzFood 2026

From 25–27 March 2026, industry specialists will gather for the 21st International Exhibition on Agriculture – AgroWorld Uzbekistan 2026. The exhibition will present a wide range of solutions for the agri-industrial sector, including poultry and livestock farming, feed production, veterinary products, grain processing and storage, as well as agrochemical technologies aimed at improving crop yields and plant protection. Register here

On 1–3 April 2026, the capital will host the 25th Anniversary International Exhibition UzFood 2026, the flagship event for Uzbekistan’s food and processing industry. During the three-day exhibition, all pavilions of Uzexpocentre will become a hub for international brands and local companies presenting food processing equipment, ingredients, advanced technologies, and modern packaging and storage solutions. Register here

EUROUZ & MEMBER NEWS

EUROUZ Held annual Uzbekistan Economic Update 2026
On March 12, 2026, the European-Uzbekistan Association for Economic Cooperation (EUROUZ) held its annual Uzbekistan Economic Update, bringing together government officials, international financial institutions, European partners, investors, and business leaders. Opening remarks were delivered by EUROUZ Chairman Pierre-Paul Antheunissens, Deputy Minister of Investment, Industry and Trade Akram Aliev, and Deputy Minister of Economy and Finance Umid Abidkhodjaev. Representatives from the EBRD, EIB, ADB, and the World Bank discussed Uzbekistan’s macroeconomic outlook and reform progress. A CEO panel featuring Paynet, Franklin Templeton Central Asia, OTP Bank Uzbekistan, UzMRC, and Highland Capital explored the private sector’s role in strengthening Uzbekistan’s financial ecosystem and supporting investment-driven growth.

Event Photos
Press Release
EUROUZ Board Member Klaus Mangol held a meeting with the Minister of Investment, Industry and Trade Laziz Kudratov
Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov held a meeting with Klaus Mangold, Chairman of the Supervisory Board of Mangold Consulting GmbH, a German firm specialising in investment project development and strategic consulting between Europe and Central Asia. The talks covered expanding trade and economic cooperation between Uzbekistan and Germany, as well as attracting European companies to priority investment projects. Both sides discussed concrete mechanisms for increasing industrial collaboration, with a focus on high-technology sectors where German expertise aligns with Uzbekistan’s ongoing economic modernisation agenda. Follow-up steps were identified to advance joint projects in the near term.
EUROUZ Member and Partner Acwa hosted the Women in Power Forum 2026
At the Women in Power Forum 2026, hosted by EUROUZ member Acwa, a Memorandum of Cooperation was announced between UN Women Uzbekistan and Acwa. The agreement marks the first partnership in Uzbekistan between a UN agency and a private company focused on expanding women’s participation in the economy. The forum brought together government officials, development banks, and private sector leaders to discuss women’s leadership and its role in supporting sustainable development and inclusive economic growth in Uzbekistan.

A key highlight of the programme was the panel discussion “Women’s Leadership in the Era of Uzbekistan’s Rapid Development,” moderated by Oybek Shaykhov, Member of the Board of EUROUZ. The session featured speakers Dr. Jon Zaidi, Zafar Khashimov, Gulnoza Ismailova, Sabina Alieva, Laylo Yakhshiboeva, Irina Matvienko, Feruza Tolipova, and Shahnoza Ikramova, who shared insights on professional growth and strengthening women’s leadership in Uzbekistan.
EUROUZ Member EBRD Lends €20M to SEEM and Bayan Medical
The EBRD extended a €20 million loan to Uzbek-British pharmaceutical manufacturer Samarkand England Eco-Medical and its affiliate Bayan Medical to expand domestic drug production. Funds will finance new production lines for intravenous solutions, antibiotics, syrups, nasal sprays, and ointments at SEEM, alongside energy-efficiency upgrades and a blow-fill-seal ampoule line at Bayan Medical. The project targets reducing Uzbekistan’s pharmaceutical import dependency, currently standing at 75% of total medical goods consumed. Bayan Medical will also launch graduate internships and create employment opportunities for people with disabilities. The EBRD has now invested $6.9 billion across 205 projects in Uzbekistan.
OTP Group Advances Ipoteka Bank Privatisation and Syrdarya Poultry Cluster with Uzbekistan
On March 6, Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov met Laszlo Wolf, Deputy CEO of Hungary’s OTP Group, to review the privatisation of Ipoteka Bank and discuss new joint investment projects. OTP Group, which manages €102 billion in assets across 1,656 branches and 17 million clients, confirmed plans to launch a new mobile banking platform to expand digital services in Uzbekistan. The parties also discussed a poultry cluster project in the Syrdarya region aimed at strengthening food security and developing agro-industrial value chains. Both sides confirmed mutual interest in expanding investment cooperation.
EUROUZ member VEON and Beeline Uzbekistan Align with Tashkent on Digital Infrastructure at MWC Barcelona
At MWC Barcelona, VEON Group CEO Kaan Terzioglu and Beeline Uzbekistan CEO Andrey Pyatakhin met Digital Technologies Minister Sherzod Shermatov to advance Uzbekistan’s digital transformation agenda. Discussions focused on developing future-ready digital infrastructure and enhancing the resilience and sustainability of the country’s digital ecosystem. Terzioglu acknowledged the Ministry’s continued support for the industry and its commitment to expanding high-quality, customer-focused digital services nationwide. Both parties reaffirmed their intent to pursue joint initiatives as part of a broader effort to strengthen Uzbekistan’s digital landscape and accelerate progress toward inclusive digital development.
EUROUZ is pleased to welcome - Cargolux
Founded in 1970, Cargolux has built a strong reputation as Europe’s largest all-cargo airline and a global leader in air freight logistics. The company operates a fleet of 30 Boeing 747-400 and 747-8 freighter aircraft and was the launch customer for both aircraft types. Today, Cargolux serves a global network of 75 destinations, supported by 85 offices in more than 50 countries and an extended trucking network connecting over 250 international gateways. The airline employs almost 4,000 professionals worldwide.
EUROUZ welcomes a new member – SITA
SITA has been present in Uzbekistan since 1992, working closely with the country’s aviation sector to support airport operations, airline connectivity, and air navigation services. The company collaborates with Uzbekistan Airways, Uzbekistan Airports, and Uzaeronavigation, contributing international expertise and advanced technology to the modernization of Uzbekistan’s aviation ecosystem. SITA’s solutions support efficient passenger processing, airport operations, and secure data communication services, helping strengthen the digital infrastructure of the aviation sector and government institutions.

«Uzbekistan is entering a new phase in the modernization of its capital markets — and 2026 may become a defining year» — Franklin Templeton

1. INTERNATIONAL COOPERATION

1.1 EUROPE

IFAD, EU and Hamkorbank Launch €6M Initiative to Channel Remittances
IFAD, the European Union, and Hamkorbank launched a €6 million programme in Tashkent on March 5, 2026, targeting nearly 4,000 remittance-receiving households and returning migrant workers in rural Uzbekistan. A new credit scoring model will recognise remittances and returnee savings as proof of repayment capacity, unlocking €4.5 million in tailored loans. With remittances totalling $14.8 billion in 2024 — over 10% of GDP — the initiative addresses critical barriers to rural finance. Some 900 residents, at least half of them women, will receive business literacy training through 2027.

Uzbekistan and EU Deepen Strategic Ties at 19th Parliamentary Cooperation Committee

Brussels hosted the 19th Uzbekistan–EU Parliamentary Cooperation Committee, with Senate First Deputy Chairperson Sodiq Safoyev and European Parliament delegation head Juozas Olekas leading their respective sides. The EU reaffirmed support for Uzbekistan’s reform agenda, while both parties highlighted the October 2025 Enhanced Partnership and Cooperation Agreement as a landmark for expanding cooperation in renewable energy, infrastructure, and industrial development. Discussions also covered trade, critical raw materials, transport corridors, and civil society development. The 20th session is scheduled for 2027 in Uzbekistan.

Macron Identifies Uzbekistan as Strategic Partner in Europe’s Uranium Supply
French President Emmanuel Macron named Uzbekistan among key uranium-producing nations that could help Europe reduce dependence on Russian supplies, speaking at an international nuclear energy summit in Paris on March 10. He cited Uzbekistan alongside Kazakhstan, Canada, Mongolia, and Australia as viable partners. Uzbekistan produced approximately 7,000 tons of uranium in 2025, reinforcing its growing role in global supply chains. Macron described nuclear energy as central to national sovereignty and decarbonization. France’s nuclear policy council will convene shortly to adopt new strategic measures.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Silkway Central Asia Signs $300M EPC Contract to Build Logistics Hub
On March 3, Silkway CA CEO Daniyar Tiyesov and China Railway Construction Engineering Group’s Deputy Head for Central Asia Tian Zhenhua signed an EPC contract to construct a multi-purpose logistics centre near Tashkent. The joint venture between Uzbekistan Railways and Kazakhstan’s PTC Holding will invest $300 million in the 159.4-hectare facility in the Yangiyul district, featuring Class A and B warehouses covering 167,000 sq m and container yards spanning 172,000 sq m. Over 28 km of railway track will be laid on site, with the first phase due for completion by early 2027 and full construction concluding by 2030. The project aims to develop the region’s export potential, expand transit opportunities, and increase the share of container transport by rail. At full capacity, the centre will handle up to 350,000 TEU annually, scaling to 3 million tonnes of cargo by 2035.

Uzbekistan Ratifies Preferential Trade Agreement with Afghanistan
President Shavkat Mirziyoyev signed a ratification resolution on March 6 for a preferential trade agreement with Afghanistan, originally concluded at the Tashkent International Investment Forum in June 2025. The deal eliminates customs duties on 14 goods categories and simplifies phytosanitary procedures for Afghan agricultural imports. The Ministry of Investment, Industry and Trade and the State Customs Committee will lead implementation. Both sides plan to hold a joint business forum in Kabul after Ramadan.

Uzbekistan and Kazakhstan Plan to Double Rail Freight to 60 Million Tons
Uzbek and Kazakh transport authorities agreed on plans to increase combined rail freight traffic to 60 million tons annually. The initiative includes joint efforts to upgrade rail infrastructure, streamline procedures and boost cargo capacities along key transit corridors. Officials said this growth will support regional trade and logistics efficiency. The plan aligns with broader cooperation frameworks to enhance connectivity between Central Asian markets.

Uzbekistan Update: February 15 - 28, 2026

Tue, 03 Mar 2026 06:59:06 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 NORTH & SOUTH AMERICA

1.6 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

Annual Uzbekistan Economic Update 2026, - 12 March 2026
The event will convene senior government representatives, international financial institutions, European partners, and private sector leaders to assess Uzbekistan’s macroeconomic performance, reform trajectory, and investment outlook for 2026 and beyond. The event is planned to be organised with the institutional support of the Government of the Republic of Uzbekistan, serving as a platform for open dialogue between policymakers, IFIs, and investors, while reinforcing Uzbekistan’s position as a reliable and reform-oriented partner.
Working languages: English, Russian
Register here: economicupdate.eurouz.events
Follow EUROUZ: @eurouz_official
Navruz Fest in Khiva a Special EUROUZ Cultural Gathering
EUROUZ is pleased to invite its members and partners to celebrate Navruz Sayli in Khorezm (Khiva) on 22 March, in the historic setting of Khiva.
The event will recreate the authentic atmosphere of Navruz with the traditional preparation of sumalak, a Khorezm plov dinner, national sweets, a live barak cooking station with guest participation, and a vibrant cultural program featuring traditional music and dance.
Participation package for 1 800 000 UZS includes:
• One night accommodation (double occupancy) with breakfast
• Full access to the Navruz Fest program
• Tour to Historical side of Khiva
• Airport–hotel–airport transfers
Air tickets can be purchased directly via link:
Tas–Urg–Tas: www.centrum-air.com
Agent assistance: +998 70 050 77 99
Please purchase air tickets as early as possible, as tickets can be sold out.
We look forward to celebrating Navruz together in Khorezm and strengthening our community through shared traditions and cultural exchange.

Register here: navruz.eurouz.events

EUROUZ & MEMBER NEWS

EUROUZ Hosts Annual Iftar Reception in Uzbekistan
The evening was officially opened by the Secretary General of EUROUZ, Mr. Atabek Alimdjanov, who welcomed the guests and emphasized the importance of unity, dialogue, and cooperation during the holy month of Ramadan. The opening remarks were followed by a speech from Mr. Abdulkhamid Muminov, EUROUZ Board Member (representing PwC Uzbekistan), who highlighted the spiritual significance of Ramadan, its values of reflection, compassion, and solidarity, and the importance of strengthening mutual respect and support within the professional community. The reception provided a meaningful platform for reinforcing partnerships, exchanging views, and fostering stronger connections within the EUROUZ network. Event Photos
EUROUZ Board Sets Community Strategic Priorities for 2026
EUROUZ’s Board of Directors met to review current activities and set priorities for the upcoming period in Uzbekistan. The Board assessed work streams, committee performance, key initiatives, major events, member engagement, international partnerships, and sectoral dialogue platforms. Operational improvements were identified to strengthen EUROUZ’s role in business–government dialogue.
The next Board elections will take place at the June 2026 Annual General Meeting. Board members will be elected for a two-year term.
EUROUZ holds follow-up meetings on Members’ Meetings with President of Uzbekistan that took place in October 2025 in Brussels
Representatives of Maire and EUROUZ met with newly appointed Deputy Chairman of JSC “Uzbekneftegaz” Abrorjon Khudoyberganov. The meeting followed earlier discussions in Brussels between NextChem CEO Fabio Fritelli and President Shavkat Mirziyoyev, organised with EUROUZ support to ensure continuity of dialogue at senior levels.
The engagement reflects EUROUZ’s role in supporting members not only through community platforms, but also in advancing key strategic follow-ups stemming from high-level contacts.
EUROUZ Member EBRD Expands Portfolio of Private Sector Investments in Uzbekistan
The EBRD has announced a series of new private sector investments in Uzbekistan, including a €15 million financing package for Green Line Trading to expand its distribution capacity and construct a new warehouse with integrated renewable energy solutions; up to €20 million for pharmaceutical manufacturers Samarkand England Eco-Medical and Bayan Medical to modernise and scale domestic production of medicines; and a €6 million loan to expand local company’s food production and restaurant operations. The projects incorporate concessional financing under the EBRD’s FINTECC programme to support energy efficiency and green technology adoption, as well as backing from the Japan-EBRD Cooperation Fund. These latest signings mark the EBRD’s tenth private sector project in Uzbekistan already this year, placing the Bank on a strong trajectory to surpass last year’s total of 38 private sector transactions.
Details emerge on EUROUZ member’s - AKFA establishment of a manufacturing operation in US
AKFA Aluminum Solutions, a division of Uzbekistan’s AKFA Group, will establish a new manufacturing operation in Bowling Green, Kentucky. The facility will produce aluminum products with advanced extrusion, anodizing, and finishing capabilities, creating 331 quality jobs. AKFA’s investment marks the first U.S. project by an Uzbekistani manufacturer and is supported with incentives from the Kentucky Business Investment programme. The operation will adhere to U.S. energy and environmental standards to reinforce a low-carbon supply chain.
EUROUZ member Asakabank Begins Placement of $82 Million Bond Issue on Uzbek Stock Exchange
On February 3, 2026 JSC Asakabank reached a significant milestone by successfully placing 1 trillion UZS in corporate bonds on the first day of listing (Republican stock exchange «Toshkent») This achievement not only marks one of the largest corporate debt securities issuances in Uzbekistan’s history but also highlights a pivotal moment in the evolution of our capital market.
EUROUZ welcomes a new member – NEO INSURANCE CORP
Founded in 2023 in Tashkent, NEO INSURANCE CORP is a next-generation digital insurance company operating through a fully digital platform. The company offers a comprehensive portfolio of insurance products for individuals and businesses, including motor, health, travel, property, and liability coverage. Its mission is to modernize Uzbekistan’s insurance sector by delivering accessible, transparent, and technology-driven solutions tailored to customer needs. NEO INSURANCE has been awarded the highest service quality rating “AAA” by the National Agency for Perspective Projects (NAPP). Moody’s Investors Service assigned the company a B3-Positive insurance financial strength rating, recognizing its sustainable growth and solid financial position. In 2025, the company was named Uzbekistan’s Most Innovative and Most Customer-Oriented Insurance Company by Global Business & Finance Magazine.
EUROUZ Welcomes a New Member – RSP International
RSP International is an international consulting network delivering integrated legal, tax, accounting, and audit solutions, supporting clients across Europe and Central Asia in managing complex cross-border operations. Established in Tashkent in 2019, RSP International’s Uzbekistan office advises international investors at every stage of market entry and expansion. The team provides comprehensive support including investment structuring, legal and tax advisory, accounting and compliance, Tax Health Check, due diligence, M&A transactions, real estate projects, corporate governance, and financial reporting. Combining coordinated cross-border expertise with strong local regulatory knowledge, RSP International positions itself as a strategic bridge for cross-border investment, supporting businesses in achieving secure market access, operational stability, and sustainable long-term growth in Uzbekistan.

«Uzbekistan is entering a new phase in the modernization of its capital markets — and 2026 may become a defining year» — Franklin Templeton

1. INTERNATIONAL COOPERATION

1.1 EUROPE

London Held First Minesterial C5+1 Meeting

On February 26, 2026, Uzbekistan’s Foreign Minister Bakhtiyor Saidov met with Sir Lindsay Hoyle, Speaker of the UK House of Commons, in London to strengthen legislative cooperation. The discussions covered enhancing parliamentary ties, regional diplomacy, and mutual support for Uzbekistan’s reform agenda. Both sides also considered academic exchanges and economic collaboration initiatives. The talks aim to broaden engagement between the two countries’ legislative bodies across multiple sectors.

Mirziyoyev Receives UK Trade Envoy Alderdice, Agrees Joint Cooperation Roadmap

President Shavkat Mirziyoyev received Lord John Alderdice, the United Kingdom’s Trade Envoy for Central Asia and Azerbaijan, during his working visit to Tashkent. The two sides discussed expanding mutually beneficial partnership, with a primary focus on trade and economic cooperation. Bilateral merchandise trade doubled over the past five years, and Uzbekistan placed over $15 billion in sovereign and corporate bonds on the London Stock Exchange. New projects were identified in energy, finance, geology, transport, chemistry, pharmaceuticals, science, and education. The meeting concluded with an agreement to adopt a joint roadmap for further developing the multifaceted partnership.

UK and Uzbekistan Host Infrastructure Conference on Transport, Energy, and Urban Development
The UK Department for Business and Trade held the UK–Uzbekistan Infrastructure Conference in Tashkent, bringing together policymakers, state enterprises, and British and Uzbek companies to discuss investment in priority infrastructure sectors. The conference focused on transport, urban development, energy, water, and healthcare infrastructure, with sessions on PPP financing models and project bankability. UK Trade Envoy Lord John Alderdice delivered the keynote address, highlighting expanding bilateral trade and investment ties. The event positioned Uzbekistan as a destination for long-term global infrastructure capital. Participants concluded with B2B meetings and seminars aimed at advancing concrete agreements and joint initiatives.

Uzbekistan Advances Nuclear Plant Talks with Hungary on Contracts
Uzbek and Hungarian officials met in Tashkent to discuss key contracts and technical details for Uzbekistan’s first nuclear power plant project. The meeting focused on review of agreements and coordination between Uzbekistan’s Atomic Energy Agency and Hungary’s MVM EGI Zrt. Participants examined advanced dry cooling technology and local production of plant components. The discussions aim to solidify project implementation frameworks and support continued bilateral nuclear cooperation.

Croatia Explores Opening Consulate in Samarkand
A Croatian parliamentary delegation visited Samarkand on February 20, 2026, to examine the possibility of establishing a Croatian consulate in the city. Delegates held talks with Samarkand city officials on strengthening diplomatic relations and sister-city cooperation with Dubrovnik. The discussions included expanding ties in transport, pharmaceuticals, communications and IT sectors. The visit is part of efforts to deepen Croatia–Uzbekistan collaboration across multiple fields.

Uzbekistan and Czech Republic Discuss Launching Direct Flights
Uzbek and Czech aviation representatives held online talks this week to explore direct flight connections between Prague and Tashkent. The session included Uzbekistan’s embassy officials and representatives of Václav Havel Airport Prague, focusing on route development and airline partnership options. Officials said direct flights could reduce reliance on transit hubs and support tourism and business travel. A follow-up meeting with carriers and airport planners is set for early March.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Syrdarya Region and Afghanistan Agree $300 Million Trade Deals
Officials from Uzbekistan’s Syrdarya Region and Afghan leaders signed export–import agreements worth about $300 million during a working visit to Afghanistan. The accords cover supplies of food, flour and grain, textiles, construction materials, chemicals, electrical goods and pharmaceuticals. Delegates also held B2B and G2B meetings aimed at direct cooperation and logistics links. Regional authorities said the agreements are designed to strengthen bilateral trade frameworks and project implementation.

Uzbekistan and Afghanistan Move to Activate Preferential Trade Pact
Uzbek and Afghan officials agreed to expedite the activation of a preferential trade agreement to boost bilateral commerce. In a videoconference, Uzbekistan’s deputy prime minister and Afghanistan’s trade minister discussed steps to expand economic cooperation, infrastructure and investment projects. Bilateral trade has grown from about $653 million in 2021 to $1.7 billion in 2025, with a target of $5 billion. Parties plan a post-Ramadan business forum and roadmap discussions.

Uzbekistan and Belarus Set $2 Billion Trade Target by 2030

On February 24, the President of the Republic of Uzbekistan Shavkat Mirziyoyev received the Prime Minister of the Republic of Belarus Alexander Turchin and discussed expanding bilateral trade to roughly $2 billion by 2030. During an official visit by Belarus’s prime minister, both sides reviewed cooperation in logistics, industrial production, machinery and agricultural sectors. Current annual trade is near $1 billion after a 25 % increase last year. Discussions included strengthening industrial cooperation, joint investments and interregional exchanges.

Uzbekistan, Kazakhstan and Kyrgyzstan Agree Power Plant Operating Regime
Uzbekistan, Kazakhstan and Kyrgyzstan have agreed on an operating regime for a cross-border power plant project. Representatives from the three countries held a meeting to coordinate technical parameters and energy distribution arrangements. Details include agreed procedures for electricity generation and sharing among the states. The agreement is part of broader regional energy cooperation aimed at improving grid stability and meeting growing demand in Central Asia.

Uzbekistan Prime Minister Meets Tajikistan President on Bilateral Ties

Uzbekistan’s Prime Minister Abdulla Aripov held talks with Tajikistan’s President Emomali Rahmon to discuss strengthening bilateral relations and cooperation. The leaders reviewed political, economic and cultural ties and discussed joint regional initiatives. They reaffirmed commitments to enhance trade, infrastructure links and security collaboration. The meeting emphasized mutual interests and advancing Uzbek-Tajik partnerships across sectors in 2026.

Uzbekistan Update: February 1 - 15, 2026

Tue, 17 Feb 2026 10:59:49 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

Uzbekistan–Serbia Business Forum — February 20, 2026
EUROUZ is pleased to invite its Members and Partners to a special Iftar Reception to be held on 24 February
This gathering will provide an opportunity to come together during the holy month of Ramadan, strengthen professional ties, and engage in meaningful dialogue within the EUROUZ community in a warm and respectful atmosphere. The evening will bring together representatives of member companies, partners, and invited guests for networking and exchange in the spirit of cooperation and mutual understanding.
Date: Tuesday, February 24, 2026
Doors open at 17:30 pm UZT
Location: Hyatt Regency: Khiva Restaurant
Healthcare & Life Sciences Committee Internal Meeting
The session will focus on reviewing recent activities, formally approving the Committee’s white paper, and defining the operational and advocacy priorities for 2026. Particular attention will be given to consolidating the outcomes of previous engagements with government stakeholders and shaping the thematic framework for the next public roundtable planned for spring 2026.
The meeting aims to ensure strategic alignment among Committee members and strengthen structured engagement with regulators and public authorities in support of a predictable and innovation-driven healthcare environment in Uzbekistan.

Exclusive to EUROUZ members
Register here: healthcare-committee.eurouz.events
Uzbekistan–Latvia Business Forum — March 5, 2026
SAVE THE DATE Uzbekistan Economic Update 2026, March 12
Uzbekistan Economic Update 2026 is EUROUZ’s annual flagship high-level economic briefing, convening senior government representatives, international financial institutions, European partners, and the private sector. The event will provide a structured assessment of Uzbekistan’s macroeconomic performance, reform trajectory, and investment outlook for 2026, while fostering open dialogue on economic priorities and sustainable growth.

For further information please contact: events@eurouz.com.
AgroWorld Uzbekistan 2026 - Where AgriBusiness Thrives
On March 25-27, Tashkent will turn into the country’s major meeting point for the agribusiness community. Each March, industry professionals gather to explore cutting-edge technologies, innovative equipment, and practical solutions for livestock, poultry, feed and crop production, and food processing. The exhibition offers unrivalled opportunities to connect with leading companies from Uzbekistan and around the world. Join the experts shaping the agricultural season for the year ahead!

Booths are available via the link,
59th Asian Development Bank Annual Meeting — Samarkand, May 2–5, 2026
First Korea–Central Asia Summit — Autumn 2026
INTERNATIONAL TRANSPORT & LOGISTICS TRADE SHOW 2026
International Transport & Logistics Trade Show on 12–13 March 2026 in Tbilisi, Georgia. Building on the success of the inaugural 2025 edition, the event is set to become an annual flagship platform for the transport and logistics sector, reinforcing Georgia’s position as a strategic regional logistics hub.

A high-level two-day Business Forum will run alongside the exhibition, uniting industry leaders, government representatives, and international partners to discuss key trends shaping the sector, including the Middle Corridor, multimodal transport development, digitalization in logistics, 3PL evolution, infrastructure priorities, and investment opportunities.

Register via email
GITEX Central Asia & Caucasus 2026
We’re proud to announce that the EUROUZ will serve as an Ecosystem Partner of GITEX AI Central Asia & Caucasus 2026. The event will unite leading tech innovators, investors, and policymakers shaping the future of digital transformation across Central Asia and the Caucasus. From AI and fintech to green technologies, GITEX AI Central Asia & Caucasus is set to become the region’s most influential platform for innovation and collaboration

Book Your Space
Pre-Register To Visit
Download Brochure
Iteca Exhibitions – 2025: How the Exhibition Year Impacted Uzbekistan’s Economy
In 2025, Iteca Exhibitions marked 30 years of driving the development of Uzbekistan’s exhibition industry and its wider economic impact. Since 1995, the company has evolved into the country’s leading exhibition organiser, connecting local businesses with international markets and introducing global industry standards. In 2025 alone, the company delivered 20 international exhibitions, 4 flagship forums and 36 seminars, facilitating thousands of business meetings, partnerships and investment opportunities, and welcoming over 100,000 visitors from 75 countries.

Discover how exhibitions are driving Uzbekistan’s economy and business growth.

EUROUZ & MEMBER NEWS

EUROUZ held a working lunch with the Heads of its committees
The discussion focused on ways to further improve the business environment, strengthen cooperation within the EUROUZ community, and enhance the effectiveness of committee work. Particular attention was given to how committees can better support business development, create tangible value for members, and serve as effective platforms for dialogue, expertise sharing, and practical solutions. Participants also discussed opportunities to improve committee structures, identify priority areas for support, and align future activities and events with the evolving needs of businesses operating in Uzbekistan. The meeting contributed to shaping a coordinated approach to committee planning and reinforced the role of committees as a key instrument for engagement and impact within EUROUZ.
EUROUZ held a meeting with EUROBAK
The meeting brought together Julie Kussidi, CEO EUROBAK; Erlan Dosymbekov , EUROBAK Chairman , Managing partner at EY for Central Asia and Caucasus; Pierre-Paul Antheunissens, Chairman of the Board, EUROUZ; Oybek Shaykhov, EUROUZ Board Member; and Atabek Alimdjanov, EUROUZ Secretary General. The discussion focused on strengthening cooperation between the organisations, improving coordination and delegation, and identifying practical ways to jointly support business development. Particular attention was given to how combined expertise and collaborative initiatives can contribute to a more enabling and predictable business environment. The meeting reaffirmed a shared commitment to structured dialogue and partnership as key tools for delivering tangible value to the business community.
EUROUZ held the inaugural meeting of Infrastructure, Industry & Energy Committe
The Committee is designed to serve as a coordinated business platform to consolidate industry positions, develop practical initiatives, and strengthen structured dialogue with government authorities, state-owned enterprises, and international financial institutions across Uzbekistan’s key economic sectors. The discussion enabled members to articulate their positions, raise sector-specific concerns, and provide substantive input to shape the Committee’s mandate. Participants identified priority workstreams for 2026, defined key thematic areas, and mapped relevant public authorities, SOEs, and financial institutions for targeted engagement. The next meeting is planned in an expanded format with the participation of public authorities and international partners.
Event Photos
Press Release
EUROUZ participated in Uzbekistan Construction and Interior Week
The programme offered valuable opportunities for engagement, including numerous business meetings and insightful panel sessions focused on the development and future direction of Uzbekistan’s construction sector.
During the event, EUROUZ held meetings with Knauf, Çeliker Holding, International Innovative Technologies, Alliance Group, and CEMBOARD RPS GmbH. The exhibition serves as an important platform for showcasing innovation, strengthening international cooperation, and supporting the sustainable growth of the construction industry. EUROUZ values the opportunity to be part of this dialogue and looks forward to continued cooperation with its members and partners.
EUROUZ Holds Meeting with Euronews Representatives
EUROUZ Secretary General Atabek Alimdjanov held a meeting with representatives of Euronews in Uzbekistan Mr. Kjell Stein, International Sales Director of Euronews, and Mr. Anatoliy Aleksandrov, Chief Operating Officer (Euronews Tashkent). The discussion focused on potential areas of cooperation, including possible co-organization of events and selected joint initiatives. The parties also exchanged views on communication efforts and ways to increase the visibility of European business activities in Uzbekistan and the broader Central Asian region. The meeting provided an opportunity for an open exchange on practical formats of interaction. Both sides agreed to remain in contact and explore feasible steps for future collaboration.
EUROUZ Board Member Meets with DG INTPA Representative in Brussels
On 12 February, Member of the Board of EUROUZ, Oybek Shaykhov, met with Charlotte Adriaen, Head of Unit for Central Asia and Afghanistan at the Directorate-General for International Partnerships (DG INTPA), in Brussels, following her visit to Uzbekistan. The meeting focused on coordinating action points and aligning upcoming plans with the European Commission and DG INTPA, in view of key joint engagements scheduled throughout the year. Discussions covered priority areas of EU–Uzbekistan economic cooperation and explored avenues for structured engagement, joint initiatives, and high-level events aimed at strengthening business dialogue and institutional partnerships. Particular emphasis was placed on ensuring alignment between European institutions and the European business community active in Uzbekistan.
EUROUZ member Gafurov, Kardash & Partners Completes Growth and Transformation Strategy 2030 for UET Construction
Gafurov, Kardash & Partners announced the completion of the “Growth and Transformation Strategy 2030” for UET Construction. The project was delivered jointly with TOP Consulting Solutions to support the company’s long-term growth agenda. The partners combined strategic, operational, and transformation expertise during the development process. The strategy defines the company’s development priorities through 2030.
Eurouz member CLAAS Expands Cooperation with Uzbekistan
Uzbekistan’s Ministry of Investment, Industry and Trade held talks in Tashkent between Deputy Minister Akram Aliyev and Michael Bayer, Vice President for Eastern Europe at CLAAS. The sides reviewed the current status of their partnership and outlined priorities for further industrial collaboration. Discussions focused on localization, new assemblies, new model launches, and expansion of production capacity. Both parties confirmed interest in implementing new joint projects.
EUROUZ Member Montfort Eurasia Delivers Digital Training to Uzbekistan Central Bank
Montfort Eurasia conducted a training session for employees of the Central Bank of Uzbekistan on digital and professional communications. The programme focused on managing LinkedIn profiles and strengthening professional online engagement. Participants received guidance on networking practices and aligning personal visibility with institutional communication goals. The initiative supports the Bank’s efforts to develop internal communications and enhance staff professional development.
EUROUZ member ACWA Power Launches Riverside 500 MWh BESS in Uzbekistan
ACWA Power announced the early commissioning of the Riverside battery energy storage system in Uzbekistan. The 500 MWh/334 MW BESS complements an existing 200 MW solar photovoltaic plant. The facility began operations ahead of schedule. The project expands the country’s energy storage capacity and supports integration of renewable power into the grid.
EUROUZ member Voltalia Discusses Wind and Storage Projects in Uzbekistan
On 11 February in Tashkent, Investment Minister Laziz Kudratov met with Yoni Ammar, Deputy CEO of Voltalia, to review renewable energy cooperation. The talks focused on wind power generation and development of energy storage systems. The sides discussed expanding collaboration, improving coordination, and ensuring timely implementation of joint projects. Both parties confirmed readiness to strengthen strategic partnership and continue dialogue.
EUROUZ member European Bank for Reconstruction and Development Finances €15 Million Expansion of Green Line Trading in Uzbekistan
Four days ago, the EBRD announced a financing package of up to €15 million to support the expansion of Green Line Trading, a distributor of packaged foods and beverages in Uzbekistan. The package includes a loan of up to €9 million for working capital and up to €6 million for construction of a 16,128 square metre Class B warehouse. The project receives up to €259,000 in concessional finance under the FINTECC programme to install 400 kW solar panels and related measures. The expansion will double distribution capacity, reduce annual CO2 emissions by 467 tonnes, and support growth to 30,000 retail outlets nationwide.
EUROUZ Members SUEZ and Voltalia Meet DPM of Uzbekistan on Strategic Projects
Uzbekistan’s government held separate meetings with EUROUZ member companies SUEZ and Voltalia to advance key infrastructure and energy initiatives. Talks with SUEZ focused on digitalizing Tashkent’s water supply system, expanding smart metering, and developing phased water treatment and hazardous waste projects. Discussions with Voltalia reviewed renewable energy and storage projects, emphasizing regulatory timelines and financing conditions. Both sides agreed to accelerate procedures to move projects toward implementation.
EUROUZ welcomes a New Member – TechCount
TechCount is an expert partner for launching and operating a business in Uzbekistan, acting as a comprehensive guide for navigating the local legal, financial, and administrative landscape. As a resident of IT Park Uzbekistan, TechCount provides access to one of the country’s most attractive tax regimes, including a 0% rate on corporate income tax, VAT, and customs duties. TechCount offers a full range of professional services, including company registration, accounting outsourcing, HR and payroll services, and legal support.
EUROUZ welcomes a New Member – Alvarez & Marsal (A&M)
Alvarez & Marsal is a leading, independent global professional services firm with more than 90 offices across 43 countries and over 12,000 professionals worldwide. For decades, A&M has supported organisations in improving business results, enhancing operating performance, maximising stakeholder value, and delivering sustainable financial impact through deep operational, performance improvement, and turnaround expertise combined with top-tier consulting and industry experience. In the Central Eurasia and Middle East region, A&M maintains a strong on-the-ground presence through its offices in Tashkent, Astana, Istanbul, and Dubai, enabling close collaboration with clients and partners.
EUROUZ is pleased to welcome - Rhenus Intermodal Systems
Rhenus Intermodal Systems specializes in the organization of containerized transport to and from Central Asia, combining a strong carrier-oriented approach with innovative logistics solutions tailored to the needs of international clients. The company provides reliable and efficient freight forwarding services, with a particular focus on intermodal and rail-based connectivity across the region. As part of the Rhenus Group, founded in 1912 and operating in more than 70 countries with over 1,330 locations and approximately 41,000 employees worldwide, Rhenus brings extensive global expertise and a long-standing tradition in logistics and supply chain management. Active in Uzbekistan since 1997, Rhenus operates offices in Tashkent and Andijan, offering a comprehensive service portfolio that includes container transportation, rail freight solutions, oversized and project cargo handling, as well as regional road transport services.

«Uzbekistan is entering a new phase in the modernization of its capital markets — and 2026 may become a defining year» — Franklin Templeton

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan–EU Subcommittee Reviews Cooperation Priorities at Eighth Meeting

On February 9, the eighth session of the bilateral body took place at Uzbekistan’s Ministry of Investment, Industry and Trade with participation from national agencies and an EU delegation led by Ambassador Toivo Klaar and Charlotte Adriaen of DG INTPA. The sides assessed current engagement and defined areas for further partnership. Talks covered investment, trade, industry, digitalization, energy, environment, agriculture, education, civil society, gender equality, and regional cooperation. Participants stressed joint action to support sustainable development and public services. Both sides confirmed plans to continue dialogue and implement agreed measures.

Germany to deepen strategic ties with Central Asian

On February 16, 2026, German Foreign Minister Johann Wadephul addressed a summit in Berlin with Central Asian foreign ministers. He called on regional governments to intensify efforts to prevent the circumvention of sanctions imposed on Russia and to coordinate closely with the European Union. Participants adopted the Berlin Declaration reaffirming commitment to strengthening German–Central Asian cooperation. The initiative aims to align regional policies with EU measures and expand bilateral engagement.

Uzbekistan and Poland to Develop Logistics Hubs for European Re-export
Uzbek and Polish officials agreed to establish logistics hubs in Tashkent Region and Poland’s Mazovia Voivodeship to boost re-exports of goods to Europe. The Uzbek ambassador in Poland outlined plans to leverage Poland’s geographic position to facilitate Eurasian trade and ease current logistical disruptions. Presidents of both countries backed the initiative following enhanced EU–Uzbek partnership agreements. The cooperation aims to cut transport costs and improve freight efficiency between Central Asia and European markets. Further planning will define infrastructure and corridor development.

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

Uzbekistan–China Regional Cooperation Expanded in Green Development
Officials from Uzbekistan’s Embassy in Beijing visited the Ningxia Hui Autonomous Region in northern China to strengthen interregional cooperation. The visit produced an agreement to send focused delegations from Ningxia to Uzbekistan to explore joint projects in combating desertification and boosting agriculture and sustainable development. Participants included regional authorities, scientists, business leaders, and experts from both sides. The cooperation aims to enhance environmental protection and share best practices. Follow-up meetings with ministries and companies are planned to advance practical collaboration.

British Operator Launches Silk Road Luxury Train Service
A UK tour operator has introduced The Great Silk Road by Train, a new luxury rail itinerary connecting Beijing and Tashkent over 3,862 km through five countries. The 22-day journey showcases major historical and cultural sites in China, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan. Prices start at $50,700 per person, including accommodation, meals, excursions, and insurance. The inaugural departure is scheduled for September 21–October 12, 2026.

Uzbekistan Update: January 15 - 31, 2026

Wed, 04 Feb 2026 05:55:03 GMT

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Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

EUROUZ Infrastructure, Industry & Energy Committee Initiation Meeting
As Uzbekistan advances its economic diversification and industrial modernisation, infrastructure quality, industrial competitiveness, and energy security have become key drivers of sustainable growth and investment attractiveness.
In response, EUROUZ has established the Infrastructure, Industry & Energy Committee as a dedicated platform for structured dialogue, expert exchange, and policy-oriented cooperation. The Initiation Meeting will introduce the Committee’s mandate, governance framework, and priority areas for the 2026 work programme.
The meeting will also set the foundation for structured B2B, B2G, and expert-level cooperation, supporting investment-friendly frameworks and international best practices across the three sectors.
Date: 6 February 2026
Duration: 14:00 pm - 16:00 pm (UZT)
Venue: U-ENTER Innovation Center
Register here
2. Webinar “EU Raw Materials Mechanism Platform”
As part of the RESourceEU Action Plan launched in December 2025, the EU is introducing a new Raw Materials Mechanism. This initiative is designed to help companies secure supplies of strategic raw materials, aggregate demand, and connect industrial off-takers with global suppliers and financial institutions.
DG GROW and DG ENER will host a technical workshop to explain the mechanism’s features, the registration process, and the details of the first diversification round scheduled for March.
Date: Wednesday, 11 February 2026
Time: 14:30 – 16:30 CET
Platform: Online

Register here
Tashkent Brings Regional Leaders Together to Address Water Scarcity in Central Asia
Hosted by the Government of the Republic of Uzbekistan, the International Water Forum — Tashkent Water Week 2026 — provides a high-level platform for dialogue on the most pressing water challenges facing Central Asia. The Forum focuses on advancing regional cooperation, promoting sustainable water management approaches, and supporting long-term water security and economic growth across the region.
Be part of the change — join collective efforts in Tashkent to foster meaningful dialogue, and help shape practical, future-oriented solutions for the water sector.
Find out why you should be there at https://tashkentwaterweek.uz/en/main
Participation request form: https://tashkentwaterweek.uz/en/request-form
GITEX Central Asia & Caucasus 2026
We’re proud to announce that the EUROUZ will serve as an Ecosystem Partner of GITEX AI Central Asia & Caucasus 2026. The event will unite leading tech innovators, investors, and policymakers shaping the future of digital transformation across Central Asia and the Caucasus. From AI and fintech to green technologies, GITEX AI Central Asia & Caucasus is set to become the region’s most influential platform for innovation and collaboration

Book Your Space
Pre-Register To Visit
Download Brochure
Iteca Exhibitions – 2025: How the Exhibition Year Impacted Uzbekistan’s Economy

In 2025, Iteca Exhibitions marked 30 years of driving the development of Uzbekistan’s exhibition industry and its wider economic impact. Since 1995, the company has evolved into the country’s leading exhibition organiser, connecting local businesses with international markets and introducing global industry standards. In 2025 alone, the company delivered 20 international exhibitions, 4 flagship forums and 36 seminars, facilitating thousands of business meetings, partnerships and investment opportunities, and welcoming over 100,000 visitors from 75 countries.

Discover how exhibitions are driving Uzbekistan’s economy and business growth.

EUROUZ & MEMBER NEWS

EUROUZ supported and facilitated the participation of the President of Uzbekistan at the World Economic Forum in Davos
Upon arrival, the President was welcomed by Dorit Salis Probst, Managing Director of JCC and a EUROUZ member and partner in Switzerland. His programme comprised a full agenda of high-level engagements over a one-and-a-half-day stay in Davos.
During the visit, the President met separately with EUROUZ member representatives, including the President of the EBRD, Mrs. Odile Renaud-Basso, and Polpharma Board Member Mr. Jerzy Starak.
The discussion with Mr. Starak focused on Polpharma’s expanding presence in Uzbekistan and the company’s future investment and development plans in the country.

Looking ahead, EUROUZ is already developing plans to support the establishment of an Uzbekistan House (Pavilion) in Davos in 2027. Interested parties are invited to contact the EUROUZ Secretariat for further engagement.
EUROUZ members, The Coca-Cola Company hosted the FIFA World Cup 2026™ Trophy Tour in Tashkent.
The FIFA World Cup 2026™ Trophy was presented in Uzbekistan, bringing together business leaders, sports institutions, and international partners ahead of the tournament hosted by the United States, Canada, and Mexico. EUROUZ representatives met with Mr. Otabek Umarov of the Olympic Council of Asia and Mr. Kazamusa Mukae, CEO of Coca-Cola Uzbekistan, underscoring opportunities for cross-sector collaboration and enhancing Uzbekistan’s international profile through sports and global partnerships.
EUROUZ and SCHNEIDER GROUP Discuss Tax and Legal Frameworks for Uzbekistan Construction
SCHNEIDER GROUP and EUROUZ have hosted a business breakfast on modern tax and legal security in Uzbekistan’s construction sector, focusing on upcoming 2026 legislative changes, compliance, and investor confidence. Opening remarks were delivered by EUROUZ Secretary General Atabek Alimdjanov and SCHNEIDER GROUP Founder Ulf Schneider, followed by expert insights from tax and legal specialists and practical market perspectives from industry leaders. The event reinforced collaboration to support informed decision-making and sustainable development in Uzbekistan’s construction industry.

Event Photos
Press Release
Intelligent Building Expo Tashkent 2026 to Boost Uzbekistan’s Smart Infrastructure Market
EUROUZ participated in a press conference announcing the launch of Intelligent Building Expo Tashkent 2026 and Messe Frankfurt’s entry into the Uzbek market via BMCA. The event introduced three major international exhibition brands — ISH, Light + Building, and Intersec — to Central Asia under a unified platform. Scheduled for 20–22 May at UzExpoCentre, the expo will host over 250 companies from 20 countries, showcasing engineering systems, smart building technologies, and digital infrastructure solutions, reinforcing Uzbekistan’s role as a regional hub for advanced engineering.
More about the scheduled exhibition event via the link.
EUROUZ participated in the New Year opening meeting of the Energy Sector Working Group of the Foreign Investors Council (FIC) under the President of the Republic of Uzbekistan.
During the meeting, participants discussed key priorities for 2026, ongoing reforms in the energy sector, and areas for enhanced engagement between international investors and public institutions. In addition, a separate bilateral meeting was held at the FIC Office, providing an opportunity for more in-depth discussions. During these engagements, EUROUZ and the Foreign Investors Council reviewed the structure and mandates of their respective committees and working groups, and considered how they could cooperate and operate more effectively going forward. The exchange focused on potential formats of interaction, coordination mechanisms, and opportunities for joint initiatives in the future.
EUROUZ Member Ipoteka bank OTP Group Joins International Factoring Network FCI
Ipoteka bank OTP Group announced it became a member of Factors Chain International (FCI), expanding its role in global factoring and trade finance. The bank joins a network of more than 400 institutions across over 90 countries, enabling broader support for export and external trade financing. This membership is expected to strengthen collaboration with foreign financial partners and introduce international factoring standards. Corporate clients could benefit from enhanced financial solutions, including export contract financing. The move aligns with efforts to deepen Uzbekistan’s integration into global financial markets.
EUROUZ Member Voltalia starts of construction of the Agrisolarplov pilot project

The Agrisolarplov project, as it is named, is the first agrivoltaics installation not only in Uzbekistan but also in Central Asia. With a peak power installation of 500 kW, this pilot project will be seen as a showroom and will serve as a demonstrator. It has been developed in partnership with the National Center for Agricultural Knowledge and Innovation (AKIS), the Research Institute for Vegetables, Melons and Potatoes, as well as Renicop and Abrest Energy Engineering, the two local companies involved for its construction, and will aim at demonstrating the potential of agrivoltaics technology and showcasing its scalability for broader adoption across the country.
EUROUZ welcomes a New Member - Škoda Group
Škoda Group, a leading European transportation engineering company owned by PPF Group, specialises in electric and battery-powered trams, metro systems, buses, and advanced control solutions. With a focus on sustainable mobility and digital innovation, the company promotes low-emission urban transport. EUROUZ aims to support collaboration with Škoda Group to bring European expertise in smart mobility and environmentally responsible transport solutions to Uzbekistan and the broader region.
EUROUZ welcomes a New Member - SIAD Macchine Impianti S.p.A
SIAD Macchine Impianti S.p.A., a leading Italian engineering firm specializing in industrial plants, has maintained a Representative Office in Uzbekistan since 2022, underscoring its commitment to the local market. The company provides solutions across air separation, LNG, CO₂ capture, biogas upgrading, and sustainable energy systems. With a 2024 turnover of €275 million and 584 employees, SIAD Macchine Impianti aims to strengthen collaboration between European engineering expertise and Uzbekistan’s industrial and energy sectors.

«Uzbekistan is entering a new phase in the modernization of its capital markets — and 2026 may become a defining year» — Franklin Templeton

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Shavkat Mirziyoyev Meets Giorgia Meloni in Tashkent

Uzbekistan’s President Shavkat Mirziyoyev held talks with Italian Prime Minister Giorgia Meloni during her stopover in Tashkent to strengthen the Uzbekistan–Italy strategic partnership. They discussed expanding economic, cultural, and scientific cooperation and noted increasing trade and joint ventures. Both sides agreed on labor migration quotas and upcoming initiatives including strategic dialogue and intergovernmental meetings. Plans include cultural exchanges such as cinema days and participation in the Venice Biennale. An official visit by Meloni was also invited.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Uzbekistan and Turkey Agree to Raise Trade Turnover to $5 Billion

Uzbekistan’s President Shavkat Mirziyoyev and Turkey’s President Recep Tayyip Erdoğan met in Ankara to discuss expanding bilateral cooperation in economic, transport, and migration sectors. They agreed to broaden the list of goods under the preferential trade agreement and target raising two-way trade turnover to $5 billion in coming years. Officials signed multiple cooperation agreements covering sectors including transport corridors and economic zones. The deal aims to deepen strategic partnership and support regional economic integration. Implementation roadmaps are to be approved by both governments.

Uzbekistan Agrees with Turkey on Legal Work Permits and Migration Measures
Uzbek and Turkish labor and migration officials reached agreements to improve legal employment opportunities for Uzbek nationals in Turkey, including issuing work permits from March 1 to residents who have lived in Turkey for at least three years. The agreements continue the practice of legalizing undocumented Uzbek residents without deportation and include centralized skills demand lists and visa procedures. A Turkish company committed to hiring about 2,500 Uzbek construction workers for projects in Ankara in 2026. These measures aim to regularize labor migration and expand employment avenues for Uzbek workers abroad.

Uzbekistan, Turkey Foreign Ministers Pledge Broader Strategic Cooperation

Uzbek and Turkish foreign ministers reaffirmed plans to deepen collaboration across security, economic, and connectivity areas following the 4th Joint Strategic Planning Group meeting in Ankara. They agreed to enhance cooperation in trade, investment, energy security, transport links, counterterrorism, and cultural exchange. The ministers emphasized the significance of the Trans-Caspian East–West Middle Corridor and supported trilateral cooperation involving Azerbaijan. They also highlighted joint efforts within international organizations and mechanisms of the Turkic world to strengthen ties.

Uzbekistan and Turkey Sign 2026 Military Cooperation Plan
Uzbekistan and Turkey signed a comprehensive military cooperation plan for 2026, outlining joint exercises, personnel training exchanges, and technical collaboration between their armed forces. The agreement was signed by the respective defense ministers on January 20, following bilateral talks on regional security and defense industry cooperation. It also includes cooperation in military medicine and professional development. Officials said the plan supports the broader strategic partnership and prepares for upcoming high-level strategic cooperation talks by both presidents.

1.3 RUSSIA & CHINA

Uzbekistan to Host Chinese-Backed Logistics Hub in Tashkent
Tashkent city officials signed a memorandum with China’s Shihezi National Economic Zone to establish a Chinese-backed logistics hub and exhibition centre in the Uzbek capital. The agreement aims to increase trade activity among industrial zone residents and attract new investment. It also includes plans for regular business visits between Uzbek and Chinese partners. Uzbekistan handled over 2.8 million tonnes of international freight and transit in 2025, highlighting logistic growth. Implementation steps will outline operational and investment frameworks.

Uzbekistan and Russia’s Rosatom Discuss Expansion of Nuclear Cooperation

Uzbekistan’s President Shavkat Mirziyoyev met with Rosatom Director General Alexey Likhachev to review progress on the country’s nuclear power plant project and expand cooperation in peaceful nuclear technologies. They noted that construction work on the first low-capacity reactor building began in October 2025 and discussed boosting collaboration in agriculture, healthcare, and scientific research. An advanced engineering school for nuclear technology specialists has opened at the Tashkent branch of MEPhI. Both sides agreed to deepen joint efforts in personnel training and implementation of related projects.

Uzbekistan Update: January 1 - 15, 2026

Tue, 20 Jan 2026 11:07:56 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

February 10-12, 2026 27th Uzbekistan International Construction Exhibition - UzBuild 2026
UzBuild 2026 Kicks Off the Spring Exhibition Season at its Traditional Venue
Every year UzBuild brings together those who design, build, supply and make decisions. Join the region’s three premier construction events and become part of the international community that is driving the industry forward:
GITEX Central Asia & Caucasus 2026
We’re proud to announce that the EUROUZ will serve as an Ecosystem Partner of GITEX AI Central Asia & Caucasus 2026. The event will unite leading tech innovators, investors, and policymakers shaping the future of digital transformation across Central Asia and the Caucasus. From AI and fintech to green technologies, GITEX AI Central Asia & Caucasus is set to become the region’s most influential platform for innovation and collaboration

Book Your Space
Pre-Register To Visit
Download Brochure
Iteca Exhibitions – 2025: How the Exhibition Year Impacted Uzbekistan’s Economy

EUROUZ & MEMBER NEWS

EUROUZ together with KPMG Uzbekistan held the Banking, Regulation & Economic Affairs Committee Seminar “Amendments to the Tax Legislation of Uzbekistan”
The seminar brought together representatives of regulators, financial institutions, and EUROUZ member companies to discuss Uzbekistan’s evolving tax and regulatory framework. Opening remarks by EUROUZ Secretary General Atabek Alimdjanov and Board Member Oybek Shaykhov emphasized the value of structured dialogue during ongoing economic and legislative reforms. The expert programme, led by KPMG Uzbekistan specialists, covered tax amendments, incentives, compliance, and transfer pricing. The event reaffirmed EUROUZ’s and KPMG Uzbekistan’s commitment to transparency, investor confidence, and sustainable economic development.

Event Photos \ Press Release
EUROUZ welcomes a New Member - Paynet
Founded in 2005 and headquartered in Tashkent, Paynet is one of the leading fintech companies in Uzbekistan. The company provides payment and digital financial services to individuals, entrepreneurs, and businesses, offering convenient and reliable solutions for everyday financial operations. Paynet operates an extensive nationwide payment infrastructure and ecosystem of services, including mobile applications and B2B solutions. The company cooperates with banks, government institutions, and private organizations and actively supports small and medium-sized enterprises
EUROUZ welcomes a New Member - Farovon Khiva
Established in 2021 and located in the historic city of Khiva, Farovon Khiva is the only nationally branded five-star hotel in Uzbekistan. Operated by LLC “Khiva Plaza,” the hotel combines international hospitality standards with authentic Uzbek cultural heritage, offering a distinctive experience for business and leisure travellers alike. The hotel features 106 rooms across multiple categories, including Standard, Deluxe, Suite, Executive Suite, and Presidential Suite. Farovon Khiva offers refined dining and leisure through its Khiva and Milan restaurants, Istanbul Bar, as well as a swimming pool, sauna, and fully equipped fitness centre. The hotel is also a leading venue for MICE services, hosting international conferences, corporate events, and official delegations. In 2024, Farovon Khiva was recognised as the “Best Business Hotel in the Region” at the IV National Hospitality Award. In 2025, the hotel welcomed nearly 19,000 guests and employs more than 140 professionals, actively contributing to sustainable development and international cooperation.
EUROUZ welcomes a New Member - ADM Jizzakh
Established in 2014 and headquartered in Tashkent, ADM Global operates in the automotive manufacturing sector, specialising in the assembly and production of passenger vehicles. The company launched its SKD production facility in the Jizzakh region in 2021 and commissioned a CKD plant in 2024, significantly expanding its production capabilities. ADM Global supplies the domestic market of Uzbekistan and exports vehicles to the Kyrgyz Republic. With a workforce of approximately 5,000 employees, the company’s annual production capacity reaches up to 60,000 vehicles at the SKD facility and up to 100,000 vehicles at the CKD plant. ADM Global continues to focus on expanding production, increasing localisation, and strengthening its role in the regional automotive industry.
EBRD Term Sheet Signed for Asakabank Privatization
On December 31, 2025, the Ministry of Economy and Finance of Uzbekistan, Asakabank and the European Bank for Reconstruction and Development signed a commercial term sheet outlining key conditions for the bank’s privatization. Under the agreement, the EBRD is expected to acquire a 15 % equity stake in Asakabank, subject to regulatory and transactional requirements. The deal aims to improve corporate governance, risk management, and operational resilience at the bank.
EBRD Arranges $195.5 M Renewable Energy Financing in Uzbekistan
The European Bank for Reconstruction and Development announced it is arranging a financing package of up to $195.5 million to support a 300 MW solar photovoltaic plant and a 75 MWh battery storage facility in Uzbekistan’s Kashkadarya region. The package, comprising an EBRD senior loan, guaranteed facilities and concessional finance from Canada and Finland, will be provided to Nur Kashkadarya Solar, a Masdar-owned project company. The project is expected to generate about 664 GWh annually, support the national grid’s reliability and cut carbon emissions by up to 400,000 tons per year.

«Uzbekistan is entering a new phase in the modernization of its capital markets — and 2026 may become a defining year» — Franklin Templeton

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan Targets Poland Corridor to Halve Europe Logistics Costs
President Shavkat Mirziyoyev convened a January 15, 2026, videoconference in Tashkent to boost export logistics amid doubled freight costs to Europe from geopolitical tensions. Officials received orders to negotiate a dedicated cargo lane at the Brest border post with Poland, Europe’s key gateway, and launch rail services from Tashkent to Poland or Lithuania. Current truck hauls to Germany or Netherlands cost $7,000-$9,000 per load—versus $100 for Turkish rivals—driving up product costs by $300-500 per ton. Measures also cover Romania, mandating a trade house in Constanta and doubling exports in 2026. These steps enhance competitiveness for fruit, vegetable, and textile exporters facing hurdles via Russia, Iran, and Turkmenistan.

Uzbekistan Grows Europe Exports 23% to $2.3 Billion in 2025
Exports to Europe surged 23% to $2.3 billion last year, announced during Mirziyoyev’s January 15, 2026, foreign affairs review meeting. Ambassadors face pressure to accelerate product promotion, with France prioritizing chemical fertilizers from Fergana, Navoi, Kashkadarya, and Tashkent regions. Diplomats must relay French standards, arrange executive meetings, and craft a program targeting Europe’s advanced agricultural markets. This builds on 2025’s $33.5 billion total exports and $80 billion trade turnover. Momentum underscores Uzbekistan’s multi-vector pivot to EU markets for diversification

1.2 CENTRAL ASIA, CAUCASUS & CIS

Uzbekistan And Tajikistan Discuss Transport and Transit Cooperation
Officials from the transport ministries of Uzbekistan and Tajikistan met in Samarkand to review bilateral cooperation in road transport and transit. The sides discussed increasing throughput capacity at the Djartepa (Uzbekistan) – Sarazm (Tajikistan) border checkpoint and digitizing international road transport permit forms. They also considered raising the number of permit forms and launching pilot shipments along the multimodal China–Tajikistan–Uzbekistan transport corridor. The meeting defined future tasks and measures to enhance cross-border transport efficiency and support regional trade flows

1.3 RUSSIA & CHINA

Russia-Uzbekistan Trade Surges 20%, Eyes EAEU Entry for Logistics Boost
Russia’s trade rep Konstantin Zlygostev highlighted steady bilateral growth at a Sputnik Uzbekistan press conference, despite global headwinds. Trade volume rose around 20% over 3-5 years, shifting to industrial parks—like Bashkortostan’s in Bekabad and technoparks in Bukhara-Navoi—and cybersecurity for Uzbekistan’s IT. Logistics priorities include multimodal transport, digital customs, North-South corridor via Kazakhstan, and trans-Afghan routes. EAEU accession would unlock a 180-million-person market, slash tariffs, unify standards, and streamline Uzbek goods through Kazakhstan-Kyrgyzstan borders. These steps cement Russia’s role in Uzbekistan’s multi-vector diversification

Uzbekistan Update: December 15 - 31, 2025

Mon, 05 Jan 2026 11:56:55 GMT

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EUROUZ Executive Leadership Update

EUROUZ is pleased to announce an executive leadership transition within its Secretariat, effective as of 1st of January 2026.

Following the outcomes of the EUROUZ Annual General Meeting 2025, Mr. Oybek Shaykhov has joined the EUROUZ Board of Directors and will complete a full transition to this role, focusing on supporting the Association’s strategic vision, the development of sectoral Committees, and engagement on members’ government relations priorities.

Concurrently, Mr. Atabek Alimjanov has been appointed as the new Secretary-General of EUROUZ by unanimous decision of the Board of Directors, assuming an expanded executive mandate alongside his current role as Director of the Uzbekistan Branch. In this capacity, he will oversee all of the Secretariat’s operations and lead EUROUZ’s engagement with members, partners, and stakeholders.

This transition reflects EUROUZ’s continued institutional development and commitment to strong, effective governance.

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

February 10-12, 2026 27th Uzbekistan International Construction Exhibition - UzBuild 2026
UzBuild 2026 Kicks Off the Spring Exhibition Season at its Traditional Venue
Every year UzBuild brings together those who design, build, supply and make decisions. Join the region’s three premier construction events and become part of the international community that is driving the industry forward:
EUROUZ Member EY launching a research survey titled “Best Employer in Uzbekistan According to Students and Experienced Candidates”

We kindly ask our readers to complete this survey via the link
Iteca Exhibitions Calendar

EUROUZ & MEMBER NEWS

EUROUZ held an internal of the Compliance & Corporate Governance Committee meeting
On 18 December, EUROUZ held an internal meeting of the Compliance & Corporate Governance Committee, bringing together members for an in-depth and constructive discussion on key governance and compliance topics.
The meeting addressed recent regulatory updates, transparency and reporting requirements, AML/CFT and internal control frameworks, as well as the evolving ESG and corporate governance standards shaping the business environment in Uzbekistan. Participants exchanged practical insights and shared experiences, highlighting common challenges faced by companies across sectors. The discussion reinforced the Committee’s role as a platform for structured dialogue and peer exchange, while helping to identify priority areas for further work in support of high standards of compliance, transparency, and responsible corporate conduct.
EUROUZ held an internal meeting of the Committee on Public Relations and Strategic Communications
The session brought together members to discuss organizational matters, outline key priorities, and define strategic directions for the Committee’s work in 2026. This meeting marked the final EUROUZ Committee meeting of 2025, concluding the year with a clear vision for future plans and development.
EUROUZ welcomes new member — Italy4Trade International Srl
Italy4Trade International Srl, operating under the Italy4East Internationalization brand, is an Italian business consulting company with over 25 years of experience in international services. The company supports Uzbek and Central Asian SMEs in entering the Italian, European, and Swiss markets, offering internationalization advisory, Temporary Export Management (TEM) services, and access to Italian know-how, technologies, and strategic partners.
EUROUZ welcomes new member — KDB Bank Uzbekistan
KDB Bank Uzbekistan is a subsidiary of Korea Development Bank, a state-owned financial institution established in 1954, with a global presence in 19 countries and an international credit rating of AA. Established in Uzbekistan in 1997, the Bank has developed into a leading financial institution supporting foreign investment and the financing of strategic local projects.
EUROUZ welcomes a new member LDK Consultants
LDK Consultants operates through subsidiaries in Serbia, Jordan, Kenya, Cyprus, and Belgium, with affiliate offices in Ukraine, and works closely with government institutions, multinational corporations, and international financial institutions and donors. Active in Uzbekistan since 1995, the company has recently implemented projects focused on energy and resource efficiency, capacity building, and industrial decarbonization in cooperation with the EBRD and the World Bank.
EUROUZ welcomes a new member Abrau Capital
Based in Tashkent, Abrau Capital provides strategic, financial, and analytical advisory services to companies navigating Uzbekistan’s rapidly developing market. The firm’s core areas of expertise include strategy development, market research, corporate finance, and business process optimization.
Abrau Capital works with both international investors entering Uzbekistan and local companies pursuing expansion, restructuring, or investment projects. Combining strategic advisory with applied analytics and strong financial expertise, the firm delivers practical, data-driven solutions tailored to the specifics of the Uzbek business environment.
EUROUZ welcomes a new memer the Automobile Business Association of Uzbekistan
The Automobile Business Association of Uzbekistan is a non-governmental, non-profit organization that brings together national automobile manufacturers, component producers, importers, distributors, and dealers operating in the country’s automotive market. The Association unites key industry stakeholders to jointly promote the sustainable development and future growth of Uzbekistan’s automotive sector. EUROUZ looks forward to cooperation with the Automobile Business Association of Uzbekistan in supporting dialogue, industry collaboration, and the advancement of the automotive ecosystem.
EUROUZ Member AKFA Aluminum Solutions Announces Historic U.S. Manufacturing Facility in Bowling Green, Creating 331 Jobs
Gov. Andy Beshear announced that AKFA Aluminum Solutions, part of Uzbekistan’s AKFA Group, will open its first U.S. manufacturing facility in Bowling Green, Kentucky. The project will create 331 jobs and strengthen U.S.-Uzbekistan trade. The facility will focus on energy-efficient aluminum production, including extrusion, anodizing, and finishing. This investment highlights Kentucky’s growing role in global manufacturing and is supported by a performance-based incentive from the Kentucky Economic Development Finance Authority.
EUROUZ Member Dentons Advises , State Assets Management Agency of Uzbekistan, on $160 Million Sale of Samarkand Automobile Factory Stake
On November 28, 2025, global law firm Dentons announced its role in the $160 million sale of a 75.2% stake in Samarkand Automobile Factory (SamAuto) to Anadolu Isuzu. The deal includes an $80 million base price and an $80 million investment plan. SamAuto, a major Central Asian commercial vehicle manufacturer, has long worked with Isuzu and Itochu. Dentons provided legal advice on both Uzbek and English law, with Ulugbek Abdullaev and Mikhail Panferov leading the transaction. This deal is part of Uzbekistan’s privatization efforts and highlights Dentons’ expertise in Central Asia..

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan Seeks Hungarian Eximbank Support for Nuclear Plant
Uzbekistan’s Uzatom and Hungary’s MVM EGI held talks on financing an integrated nuclear power plant project in Jizzakh region. The sides discussed attracting export financing from Eximbank of Hungary and preparing a four-party framework agreement on implementing dry cooling systems. A July protocol envisages mechanical-draft dry cooling, equipment supply proposals, a joint venture in Uzbekistan, and educational programs and internships. The project aims to apply energy-saving technologies and reduce water use for reactor cooling. A new negotiation round with Eximbank, OTP Bank and other Hungarian institutions is scheduled in Hungary for January 2026.

Uzbekistan Holds Talks with EU on Simplifying Visa Procedures
In early December 2025, Uzbekistan officials met European Union representatives to discuss potential simplification of visa procedures for Uzbek citizens traveling to EU member states. The EU side outlined several conditions Uzbekistan must meet before the matter can be placed on the agenda of a European Commission meeting. Discussions focused on aligning procedural and regulatory requirements that could enable easier issuance of Schengen visas. The initiative is important for facilitating travel, business, education and tourism between Uzbekistan and EU countries. Further consideration at EU institutional level will depend on Uzbekistan’s fulfillment of the conditions specified by the European side.

Uzbekistan Signs EU and Ecuador Deals in WTO Accession Push

Uzbekistan signed a bilateral market access protocol with the European Union as part of its World Trade Organization accession process. A day earlier, Tashkent concluded bilateral market access negotiations with Ecuador, Uzbekistan’s second-largest trading partner in South America. These agreements follow protocols signed in September with Argentina, Australia and Honduras, bringing the total number of concluded bilateral deals to 29. The progress supports Uzbekistan’s integration into global trade rules and expansion of trade with multiple regions. According to the President’s Special Representative, Uzbekistan now needs final agreements with Russia and Taiwan to complete the bilateral phase.

Uzbekistan Studies Creation of Logistics Hub for Exports in Poland
Diplomats from Uzbekistan’s Embassy in Poland met in Warsaw with Lucjan Zwolak, Deputy Director General of Poland’s National Support Centre for Agriculture, to discuss cooperation in agriculture and logistics. The parties examined plans to establish an Uzbekistan logistics center, or hub, in Poland for handling Uzbek agricultural products. The proposed hub would serve storage and distribution needs and facilitate transit of Uzbek goods to European markets. The project is intended to improve access for Uzbek producers to EU consumers and streamline supply chains. The sides agreed to continue consultations on the format, location and implementation mechanisms of the logistics center.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Uzbekistan Begins Supplying Electricity to Tajikistan
Uzbekistan has started exporting electricity to Tajikistan, which currently receives up to 2 million kWh per day through regional power interconnections. Supplies may increase as Uzbekistan’s power system export capacity grows, using the 500 kV Regar–Guzar transmission line that links Tajikistan to external markets. The cooperation is part of coordinated water-energy management aimed at rational and sustainable use of water resources between the two countries. Uzbekistan plans to export 2.6 billion kWh to Kyrgyzstan and Tajikistan in 2025 after becoming a net electricity exporter. This shift follows expanded generation capacity and has helped prevent irrigation water shortages during low-precipitation periods.

1.3 RUSSIA & CHINA

China Bank Syndicate Lends $2.3 Billion for China–Kyrgyzstan–Uzbekistan Railway

The joint railway project company “China–Kyrgyzstan–Uzbekistan Railway” signed a loan agreement with a Chinese bank syndicate including the China Development Bank and Eximbank to finance construction of the trilateral railway corridor. The Chinese side will provide about $2.3 billion over 35 years, covering half of the project’s $4.7 billion cost, with the rest financed through equity contributions from the three states. The line in Kyrgyzstan will span 304 km and require 50 bridges and 29 tunnels totaling 120 km. Construction formally began on December 27, 2024, and the route is intended to become a key link between China, Europe and the Middle East.

China Investment in Uzbekistan Reaches $10.7 Billion
Chinese investment in Uzbekistan increased from $284 million in 2016 to $10.7 billion in the first half of 2025, according to the Eurasian Development Bank. Uzbekistan is now the second-largest recipient of Chinese investment in Central Asia after Kazakhstan. Of the $10.7 billion, $5.5 billion went to energy and $3.3 billion to manufacturing. Major projects include a $3.3 billion olefin complex in Bukhara, a $1.2 billion wind farm in Karakalpakstan, stakes in ACWA Power wind projects, and investments in Gazli Gas Storage.

Uzbekistan Finalizes WTO Accession Protocol with Russia
On December 21, 2025, Uzbekistan signed a protocol with Russia in St. Petersburg, concluding their bilateral market access negotiations under Uzbekistan’s World Trade Organization accession process. The document was signed by WTO envoy Azizbek Urunov and Russian Minister of Economic Development Maxim Reshetnikov. Urunov called the talks continuous but constructive and emphasized Russia’s active engagement. Uzbekistan will now focus on advancing multilateral negotiations and aligning national legislation with WTO rules to complete accession next year.

Uzbekistan Update: December 1 - 15, 2025

Tue, 16 Dec 2025 12:42:17 GMT

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Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

December 18, 2025 Internal Control Effectiveness and Audit Readiness for Companies Building a Public Track Record
Regulatory and stock exchange requirements for internal control systems;
Typical weaknesses identified by auditors during pre-listing checks;
How Big Four firms assess internal control maturity, including ITGC;
Practical steps to prepare for audit: what documentation and processes must be in place; Case-based demonstration of a “weak” vs. “effective” internal control system. Participants will receive a checklist for audit readiness and practical guidance on control design, testing procedures, process mapping, and risk-control matrices.

Register here
February 10-12, 2026 27th Uzbekistan International Construction Exhibition - UzBuild 2026
UzBuild 2026 Kicks Off the Spring Exhibition Season at its Traditional Venue
Every year UzBuild brings together those who design, build, supply and make decisions. Join the region’s three premier construction events and become part of the international community that is driving the industry forward:
EUROUZ Member EY launching a research survey titled “Best Employer in Uzbekistan According to Students and Experienced Candidates”

We kindly ask our readers to complete this survey via the link
Iteca Exhibitions Calendar

EUROUZ & MEMBER NEWS

EUROUZ Co-Hosted Swiss Days 2025 Business Forum in Tashkent
EUROUZ co-hosted the official Swiss Days 2025 programme in Tashkent alongside the Embassy of Switzerland in Uzbekistan. The event convened business leaders, government officials, and experts to discuss Swiss-Uzbek cooperation in sectors key to Uzbekistan’s economic modernization. EUROUZ leadership highlighted the importance of innovation and quality in supporting Uzbekistan’s development and WTO accession. The forum underscored EUROUZ’s growing role in advancing European business engagement in Central Asia.
EUROUZ Board Reviews 2025 Progress, Sets Strategic Priorities for 2026
EUROUZ held its quarterly Board of Directors meeting in hybrid format, focusing on 2025 outcomes and planning for 2026. Board members reviewed key achievements, discussed strategic priorities, and outlined initiatives to strengthen partnerships and enhance support for EUROUZ’s 160+ members. The meeting emphasized continued engagement and long-term value creation for European businesses in Uzbekistan. Strategic guidance from the Board will shape EUROUZ’s direction and initiatives in the coming year.
EUROUZ Winter Soirée - 11/12/25
On 11 December, EUROUZ hosted its year-end networking evening, bringing together members, partners, and friends as the 2025 business agenda approaches its conclusion. The evening offered a valuable platform for meaningful exchange and reconnection ahead of the holiday season, as well as the upcoming reporting and strategic planning period. EUROUZ extends its sincere appreciation to the event sponsors — ACWA Power, Ipoteka Bank, Coca-Cola, and InterContinental Tashkent — for their valued support, and thanks all EUROUZ members for their continued engagement and trust. Together, we continue to strengthen the largest international business association in Uzbekistan.
Event Photos
EUROUZ welcomes new member -ECM Gruppe
ECM Gruppe is a European engineering company with offices in Berlin and Tashkent, delivering high-quality industrial, infrastructure, and real estate projects across Germany, Eastern Europe, and Central Asia. The company combines German engineering precision, international standards, and strong local expertise, supporting projects throughout their full lifecycle from master planning and design to project management and advisory. Since 2022, ECM Gruppe’s Tashkent hub has served as an innovation center, providing advanced solutions such as digital twins, VR/AR simulations, metaverse platforms, and CFD modeling for aerodynamics and microclimate, fully integrated with BIM methodologies. We are pleased to welcome ECM Gruppe to the EUROUZ network and look forward to supporting its activities in Uzbekistan and Europe.
EUROUZ Member EBRD Provides $70 Million Loan to Boost MSME Growth
The European Bank for Reconstruction and Development (EBRD) approved a loan of up to US$70 million to Hamkorbank, a leading private bank in Uzbekistan. The funds, issued in synthetic local currency, will be directed toward financing micro, small, and medium-sized enterprises (MSMEs) nationwide. MSMEs account for around 50% of Uzbekistan’s GDP and 80% of employment. This initiative supports EBRD’s broader strategy to strengthen private sector development in the country.
EUROUZ Member ACWA Power Expand Strategic Cooperation in Energy and Digital Sectors
Saida Mirziyoyeva, Head of Uzbekistan’s Presidential Administration, met with ACWA Power Chairman Mohammad Abunayyan to discuss ongoing and future investment projects. The talks focused on key sectors including energy, healthcare, and digital technologies, with special emphasis on initiatives in Karakalpakstan. Both sides reaffirmed their commitment to strategic partnerships aimed at supporting Uzbekistan’s economic modernization and improving public infrastructure through long-term private investment.
EUROUZ Member UET Construction Launches Premium Housing Project to Boost New Tashkent Development
UET Construction unveiled Crystal Avenue, a premium residential complex in New Tashkent’s District 1, signaling its entry into high-end real estate development. The project is positioned in a key growth area of the emerging capital and aims to set new standards in sustainable urban living. Strategic partner AL-BINA will manage sales and investor relations, with sales starting December 6. The development supports New Tashkent’s urban and economic transformation goals.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

EU Provides €7 Million Grant to Support Agricultural Reforms in Uzbekistan
The European Union disbursed a €7 million grant to the Government of Uzbekistan in Tashkent to support ongoing agricultural reforms under the country’s Agricultural Development Strategy 2020–2030. The grant forms part of a broader €20 million EU commitment to Uzbekistan’s agriculture sector, with €6 million previously released in 2023. The funding aims to strengthen domestic production, irrigation efficiency, and agribusiness conditions. The remaining €7 million is expected in 2026, contingent on reform milestones.

Uzbekistan Becomes Largest Investment Recipient in Eurasia
Eurasian Development Bank reported that Uzbekistan attracted over $10.7 billion in mutual investments, making it the largest recipient in the Eurasian region. The inbound investment stock accounted for about 22 % of total regional capital flows. Uzbekistan’s outbound investment also doubled to $396 million year-on-year, primarily into manufacturing in neighboring countries. This trend reflects increasing private sector participation and regional economic integration. Continued capital inflows could reshape industry diversification.

EU Prioritizes Trans-Caspian Corridor in €12B Central Asia Package
European Union outlined plans to allocate a significant portion of its €12 billion Global Gateway investment package toward developing the Trans-Caspian corridor connecting Europe and Central Asia. EU commissioners in Tashkent emphasized funding across transport, digital connectivity, critical mineral processing, and water-energy sectors. Transport infrastructure was earmarked for nearly €10 billion, with focus on Middle Corridor expansion. The programme also commits €55 million for digital links and €800 million to water and energy projects. The investments aim to enhance regional connectivity and economic cooperation.

Vienna Hosts Uzbekistan–Austria Business Forum

Uzbekistan’s Foreign Minister Bakhtiyor Saidov attended the Uzbekistan–Austria Business Forum in Vienna to discuss bilateral economic cooperation. Leading companies from both countries explored opportunities across sectors including agriculture, logistics, manufacturing, digital technology, and education. The event facilitated dialogue on expanding trade and investment ties between Uzbekistan and Austria. Uzbek officials highlighted shared interests in boosting joint economic initiatives. Follow-up bilateral engagements are expected in 2026.

Uzbekistan Opens First Official Trade House in Germany

Uzbekistan inaugurated its first official trade house in Berlin, Germany’s capital, to showcase Uzbek products including textiles, food, and electrical goods. The Chamber of Commerce and Industry hosted the opening with representatives from Uzbekistan’s embassy and German business leaders. The trade house aims to promote the “Made in Uzbekistan” brand and foster connections between Uzbek and German enterprises. It will also serve as a platform for attracting investment and technology partnerships.

France to Provide €30 Million for Energy-Efficient Housing in Uzbekistan
French Development Agency (AFD) signed a €30 million non-sovereign loan agreement with Uzbekistan Mortgage Refinancing Company to finance energy-efficient housing projects. The funding is intended to support construction and retrofit initiatives that improve residential energy performance. The agreement marks an expansion of cooperation between France and Uzbekistan in sustainable urban development. Uzbek authorities expect the projects to stimulate local construction markets and reduce energy consumption. Implementation details and timelines are to be announced by involved parties.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Uzbekistan–Afghanistan Border Reopens at Termiz–Hayraton Crossing
Uzbekistan and Afghanistan reopened the Termiz–Hayraton border crossing on the Friendship Bridge for citizens of both countries, marking the first reopening since 2021. The points of entry will simplify travel and enhance export opportunities, according to the Chamber of Commerce and Industry. Visa requirements remain in force for both Uzbek and Afghan nationals. Authorities expect exports to potentially rise to $2.5 billion in 2026 with support measures for businesses.

Central Asian States Agree Water Allocation for 2026

Central Asian countries reached a 2026 water use and reservoir operation agreement during the 91st Interstate Commission for Water Coordination meeting in Ashgabat. Uzbekistan will receive 22 billion m³ from the Amu Darya and 3.347 billion m³ from the Syr Darya between October 2025 and October 2026. Total Amu Darya withdrawals were set at 55.4 billion m³, with allocations also for Tajikistan and Turkmenistan. The deal ensures shared reservoir operation and supports irrigation and ecological needs.

Uzbekistan President Hosts Azerbaijani Delegation on Energy Partnership

Uzbekistan’s President Shavkat Mirziyoyev received Azerbaijan’s Minister of Energy, Parviz Shahbazov, in Tashkent to discuss expanding strategic bilateral cooperation. Discussions focused on stable trade growth and collaboration in oil and gas, geological exploration, renewable energy, and chemical industries. Officials reaffirmed strong bilateral ties and mutual commitment to deepening economic and energy sector links. Further initiatives on joint projects were encouraged during the meeting.

Uzbekistan President Highlights Energy Projects with Kyrgyz Official
Uzbekistan’s President Shavkat Mirziyoyev met Kyrgyzstan’s Energy Minister Taalaybek Ibrayev to discuss strengthening cooperation in the energy sector. They reviewed bilateral relations, noting a 17 % increase in trade and rising freight transport volumes this year. The presidents emphasized collaborative energy delivery, green energy initiatives, and advancing major projects including the Qambar-ota HPP-1. The dialogue underscored ongoing efforts to enhance regional energy linkages.

Uzbekistan President Stresses Peace and Trust at Turkmenistan Forum

President Shavkat Mirziyoyev spoke at an international forum in Ashgabat marking 30 years of Turkmenistan’s permanent neutrality and the 2025 “International Year of Peace and Trust.” He emphasized strengthening peace, trust, and cooperation among nations, supporting Turkmenistan’s neutrality principles and joint initiatives with the UN. The president outlined plans for regional dialogue, youth programs, and cultural forums. Uzbekistan also backed a proposal for 2027 as the Year of Preventive Diplomacy.

1.3 RUSSIA & CHINA

Uzbekistan and China to Launch Joint Satellite in 2026
Tashkent confirmed plans for Uzbekistan and China to launch a joint remote-sensing satellite named Samarkand-2028 in 2026. Uzbekistan’s digital technologies agency will develop an AI module to analyse imagery for air quality, crop health, and forest monitoring. The strategic memorandum was signed with China’s Star.Vision to advance satellite tech cooperation. This initiative supports Uzbekistan’s broader space technology development agenda.

Uzbekistan and Bashkortostan Outline Expanded Cooperation Plans

Uzbekistan and Russia’s Bashkortostan region signed a roadmap in Tashkent to expand trade, tourism, education, and cultural cooperation. Vice-Prime Minister Jamshid Khodjaev and Bashkortostan Head Radiy Khabirov agreed on concrete activities with deadlines and responsibilities. Uzbekistan remains a key trading partner for Ufa, with bilateral trade nearing $198 million last year. The roadmap aims to deepen economic ties and operationalise joint projects into 2026.

Uzbekistan President Reviews Expansion of Tech Partnerships with China

Uzbekistan Update: November 15 - 30, 2025

Thu, 04 Dec 2025 09:59:05 GMT

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Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

December 11, 2025 European Winter Night Soirée
EUROUZ invites you to the European Winter Night Soirée, an elegant year-end event filled with live music, warm conversations, and a cozy European winter atmosphere. An ideal evening to unwind, connect, and share the year’s highlights with members and partners of the EUROUZ community.
Register to attend
February 10-12, 2026 27th Uzbekistan International Construction Exhibition - UzBuild 2026
UzBuild 2026 Kicks Off the Spring Exhibition Season at its Traditional Venue
Every year UzBuild brings together those who design, build, supply and make decisions. Join the region’s three premier construction events and become part of the international community that is driving the industry forward:
2-3 June, 2026 GITEX Central Asia & Caucasus 2026

We’re proud to announce that the EUROUZ will serve as an Ecosystem Partner of GITEX Central Asia & Caucasus 2026, taking place on 2–3 June 2026 in Astana. The event will unite leading tech innovators, investors, and policymakers shaping the future of digital transformation across Central Asia and the Caucasus. From AI and fintech to green technologies, GITEX CAC is set to become the region’s most influential platform for innovation and collaboration.

Pre-register to attend

EUROUZ & MEMBER NEWS

EUROUZ HR & Capacity Building Committee’s Expert Seminar “Well-being at Work: Practical Strategies for Uzbekistan’s Changing Business Landscape”
On 20 November, EUROUZ HR & Capacity Building Committee successfully hosted the Expert Seminar “Well-being at Work: Practical Strategies for Uzbekistan’s Changing Business Landscape,” bringing together over 70 participants both online and in-person. The seminar convened CEOs, HR directors, organisational development experts, and industry practitioners for an in-depth discussion on how employee well-being is becoming a strategic priority for companies operating in Uzbekistan’s rapidly evolving economy.
Event Photos | Press Release
EUROUZ Healthcare & Life Sciences Committee Roundtable
On 25th of November, EUROUZ Healthcare & Life Sciences Committee successfully held a high-level roundtable, bringing together around 50 representatives from government institutions, pharmaceutical and medical device companies, consulting firms, and international partners.
Event Photos | Press Release
EU–Central Asia Partnership Evening Reception
On 26th of November, EUROUZ had the honour of organizing the EU–Central Asia Partnership Evening Reception, bringing together around 400 leaders, senior government officials, diplomats,business representatives from across Europe and Central Asia. As the official closing of Day 1 of the 3rd EU–Central Asia Economic Forum, the reception created a platform for strategic dialogue, meaningful networking, and reinforcing the shared commitment to closer cooperation between the European Union and the countries of Central Asia.
Event Photos | Press Release
EUROUZ welcomes new member – PLATMA
PLATMA, established in 2023 and headquartered in Dubai (DIFC), is an AI-powered no-code platform that automates complex business processes for enterprises, banks, and governments. Platma’s flagship product, PLATMA Banks 6.0, transforms traditional financial institutions into fully digital, data-driven ecosystems. The company operates regional offices in Uzbekistan, the USA, Ukraine, Kazakhstan and Cyprus, supporting large-scale digital transformation across the banking and SME sectors.
EUROUZ welcomes new member – U-ENTER Innovation Center
U-ENTER was established in Tashkent to support economic development by strengthening the startup and SME ecosystem. The Center serves as a dynamic hub for education and innovation, offering training programs, workshops, and courses that build entrepreneurial and digital skills. U-ENTER operates its own IT Academy focused on programming, data analysis, AI technologies, and other modern IT disciplines, while a fully equipped 3D laboratory provides hands-on experience in prototyping, design, and advanced manufacturing.
EUROUZ welcomes new member - Reasunta Technology
Established in 2012 in Prague, CZ - Reasunta Technology is a leading company in the field of both hardware and software engineering, providing technology solutions for industrial processes. Reasunta demonstrates exceptional expertise in development, modernization, and retrofitting of electronic devices.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan and EU Review EPCA Implementation, Broaden Cooperation Agenda

A delegation from the European Union (EU), led by commissioners for International Partnerships and Enlargement, met in Tashkent with Shavkat Mirziyoyev to assess rollout of the Enhanced Partnership and Cooperation Agreement (EPCA). The sides agreed to advance institutional cooperation mechanisms across trade, investment, transport, digitalisation, energy, critical-minerals, healthcare and industrial sectors. They authorised several new joint regional-scale projects under EU-Uzbekistan frameworks. Trade between Uzbekistan and the EU rose by roughly 7 percent this year, and further EPCA-backed initiatives are expected to boost both investment inflows and trade volumes.

Uzbekistan Hosts French Transport Minister to Expand Logistics Cooperation

President Shavkat Mirziyoyev welcomed Philippe Tabarot, Transport Minister of the French Republic, in Tashkent. The meeting focused on implementing agreements from March 2025 to deepen strategic cooperation in transport and logistics. Attendees authorised cooperation in civil aviation and committed to training transport-sector specialists via the recently established Uzbek‑French University. Parties mandated steps to activate those outcomes under existing bilateral mechanisms.

New Agreements Back Trans-Caspian Corridor Investments
The Trans‑Caspian Transport Corridor received a fresh investment package on 27 November 2025. The arrangement enlists support from European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), and World Bank to finance rail, port, and logistic-infrastructure upgrades along the corridor. Participating states committed to improving customs-digitisation, transport-logistics regulatory harmonisation, and port modernisation. The agreement formalises concrete funding and technical-assistance mechanisms to expand the Middle Corridor’s capacity for Eurasia–Europe freight.

Uzbekistan and Switzerland Agree to Boost Bilateral Cooperation
Deputy Foreign Minister of Uzbekistan and the Swiss Ambassador held talks on 20 November 2025, agreeing to advance collaboration across trade, economic, investment, financial-technical, cultural and humanitarian spheres. They approved a plan to convene a fresh round of political consultations between foreign ministries next year and to organise a session of the Intergovernmental Commission on Economic Cooperation. Joint “Swiss Economy Days in Uzbekistan” were mandated, along with reciprocal delegation visits. The arrangement formalises tangible steps to implement prior agreements reached in Bern this October.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Central Asia States Approve Winter Energy Cooperation Protocol
On November 22, 2025, energy ministers of Uzbekistan, Kazakhstan and Kyrgyzstan met in Almaty to adopt a coordinated winter electricity-supply protocol. The agreement commits Kazakhstan and Uzbekistan to deliver electricity to Kyrgyzstan during the 2025–2026 heating season. It also sets technical rules for system balancing and interconnection support. The arrangement aims to reduce pressure on Kyrgyz hydropower and stabilize regional winter consumption. The parties will review implementation results at a joint meeting in early 2026.

Kyrgyzstan to Supply Water in Exchange for Electricity
On November 24, 2025, Kyrgyz authorities confirmed a water-energy exchange mechanism with Kazakhstan and Uzbekistan for 2025–2026. Under the arrangement, Kyrgyzstan will reduce winter hydropower output and store water in the Toktogul Reservoir. In return, the two neighboring states will provide the required electricity during peak winter demand. The mechanism supports agricultural irrigation in Kazakhstan and Uzbekistan during the 2026 growing season. Technical coordination among the three energy systems will continue through the winter period.

Uzbekistan, Turkmenistan Launch Cross-Border Trade Zone

On November 17, 2025, the presidents of Uzbekistan and Turkmenistan inaugurated the joint “Shavat–Dashoguz” cross-border trade zone. The zone includes customs, quarantine, phytosanitary, veterinary services, a trade pavilion, warehouses, and public-services infrastructure under a “single-window” model. It will facilitate trade and economic cooperation between the Khorezm region and Turkmenistan’s Dashoguz velayat, serving a combined population of over 3.5 million. The new zone aims to simplify border procedures and expand regional trade flows. Implementation began immediately following the inauguration.

1.3 RUSSIA & CHINA

Uzbekistan and China Deepen Strategic Partnership Talks

Uzbekistan Update: November 1 - 15, 2025

Wed, 19 Nov 2025 07:07:24 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

November 20, 2025 Expert Seminar: Well-being at Work: Practical Strategies for Uzbekistan’s Changing Business Landscape
EUROUZ Human Resources & Capacity Building Committee invites you to the Expert Seminar: Well-being at Work: Practical Strategies for Uzbekistan’s Changing Business Landscape. As Uzbekistan’s economy evolves, employee well-being is becoming a key factor of competitiveness and long-term growth. Join EUROUZ members and HR leaders to explore practical approaches that help organisations create healthier, more resilient, and productive workplaces.
Register to attend
November 20, 2025 Istanbul as a Hub: Practical Insights for Business Growth in the CIS
Join industry experts to explore current market trends, risks and opportunities. The program will offer a special focus on Central Asia alongside broader perspectives on the CIS region, tailored for international companies.
20 November | 09:00-13:00 (GMT+3) | Istanbul
Register to attend
November 20-22, 2025 Beautyworld Central Asia
Your Gateway and Hub to Central Asia’s Growing Beauty Market
We are pleased to invite you to Beautyworld Central Asia 2025, the leading international trade fair for beauty, cosmetics, and wellness in the region. From 20–22 November 2025, Tashkent will become the heart of the beauty industry as it hosts the region’s most influential exhibition. For three days, leading brands, manufacturers, distributors, and industry experts will come together to present innovations, set trends, and create new opportunities!
Register to attend
November 25, 2025 EUROUZ Healthcare & Life Sciences Committee Roundtable
We are pleased to invite you to the upcoming EUROUZ Healthcare & Life Sciences Committee Roundtable, taking place on 25 November 2025 in Tashkent. The meeting will bring together EUROUZ members and key stakeholders to discuss current challenges, policy developments, and opportunities shaping Uzbekistan’s healthcare and life sciences sector.
Register to attend
November 26, 2025 The 3rd EU–Central Asia Economic Forum
As a key platform for EU–Central Asia cooperation under the EU’s Global Gateway, the Forum will bring together senior representatives from the EU, Central Asian governments, the private sector, and international organisations to strengthen economic partnerships for shared prosperity and sustainable growth.
Register to the forum
November 26, 2025 EU–Central Asia Partnership Evening
As the official closing of Day 1 of the EU–Central Asia Economic Forum, the reception will mark the symbolic opening of the Trans-Caspian Transport Corridor and Connectivity Investors Forum, underscoring the growing importance of regional connectivity and future-oriented trade routes.
Register to attend
Sponsorship opportunity
November 27, 2025 Trans-Caspian Transport Corridor and Connectivity Investors Forum
Building on the Global Gateway Investors Forum in Brussels (01/2024), the next Forum will review commitments, engage South Caucasus and the Black Sea region and convene key stakeholders to align priorities, mobilize resources, and accelerate corridor development.
Register to the forum
November 27, 2025 “Green and Affordable Housing” International forum
UzMRC in cooperation with the Ministry of Economy and finance of the Republic of Uzbekistan (MEF), the Central bank of the Republic of Uzbekistan (CBU) and the Asian development bank (ADB) will hold the “Green and affordable housing” International forum. The event aims to further develop Uzbekistan’s housing market, introduce “green” mortgage mechanisms, propose innovative solutions for mortgage market financing and study international best practices. It will bring together prominent representatives of the national and international housing markets as well as international financial institutions.
Register to attend
November 29 - December 1, 2025 Swiss Days in Uzbekistan 2025
Swiss and Lichtenstein SMEs exploring opportunities in Uzbekistan and in Central Asia are invited to join in driving Swiss innovation into the heart of Uzbekistan — a fast-emerging market with immense untapped potential.
The events of Swiss Days in Uzbekistan will potentially help the participating companies in positioning and strengthening visibility in highly competitive market.
Register (Swiss & Lichtenstein businesses only). A registration for international companies and for Uzbekistan companies will be separately organized by EUROUZ.
December 3, 2025 ASIA SYHRON: What to Expect in 2026?
AI is no longer just a trend – companies in Central Asia are already using it to train and motivate teams! Discover real-life cases from leaders at Uzum Fintech, Turan Bank, and Evolve AI on December 3 in a special webinar hosted by Evolve AI and Attech Global.
Register
December 11, 2025 European Winter Night Soirée
EUROUZ invites you to the European Winter Night Soirée, an elegant year-end event filled with live music, warm conversations, and a cozy European winter atmosphere. An ideal evening to unwind, connect, and share the year’s highlights with members and partners of the EUROUZ community.
Register to attend
February 10-12, 2026 27th Uzbekistan International Construction Exhibition - UzBuild 2026
UzBuild 2026 Kicks Off the Spring Exhibition Season at its Traditional Venue
The Central Asia’s premier construction exhibition will once again bring together industry leaders, manufacturers, distributors, and construction market professionals to present the latest technologies, materials, and solutions for the years ahead. UzBuild 2026 encompasses all stages of construction, ranging from concept to completion, showcasing current industry trends, cutting-edge construction technologies, equipment As a major event of Uzbekistan Construction and Interior Week, and materials.
Secure your stand now and be part of the country’s construction industry must-attend event.
GITEX Central Asia & Caucasus 2026

We’re proud to announce that the EUROUZ will serve as an Ecosystem Partner of GITEX Central Asia & Caucasus 2026, taking place in 2026. The event will unite leading tech innovators, investors, and policymakers shaping the future of digital transformation across Central Asia and the Caucasus. From AI and fintech to green technologies, GITEX CAC is set to become the region’s most influential platform for innovation and collaboration.

Pre-register to attend

EUROUZ & MEMBER NEWS

On 13 November 2025, EUROUZ, together with partners ASEE and PLATMA, hosted “Banks of the Future” conference
The event brought together over 100 participants in a hybrid format, uniting leaders from the banking, fintech, and technology sectors, regulators, and international experts. Discussions focused on the future of digital banking ecosystems in Central Asia, fintech integration, and the rapid transformation of financial services in Uzbekistan.
Event photos
Press release
EUROUZ member, Summit Motors Central Asia inaugurated the Toyota Academy Central Asia
On 7 November 2025, EUROUZ member Summit Motors Central Asia, the official distributor of Toyota in Uzbekistan, inaugurated the Toyota Academy Central Asia — a modern training centre designed to upskill specialists across Uzbekistan, Tajikistan, and Turkmenistan.
EUROUZ Member Voltalia Delivers First Power at 126 MW Sarimay Solar Plant
Voltalia has begun supplying electricity to Uzbekistan’s grid from its 126 MW Sarimay solar plant in the Khorezm region. The project covers 180 hectares and uses more than 180,000 bifacial panels under a 25-year power-purchase agreement. It is financed by the EBRD and EFSD+, supporting Uzbekistan’s renewable-energy transition and expanding low-carbon output. Full commissioning will proceed in stages as equipment testing concludes. Grid integration will continue through 2026 as production increases.
EUROUZ Member EBRD Opens Star Venture Applications for Regional Startups
The EBRD has opened applications for its Star Venture programme to support high-growth startups in Central Asia, including Uzbekistan. Selected firms will receive tailored advisory services, investor-readiness training and mentoring over a 24-month period. Eligible ventures must be under ten years old and have turnover below €1 million. The initiative aims to strengthen Uzbekistan’s innovation ecosystem and improve access to global funding networks. Applications close on 30 November 2025, with onboarding to begin early next year.
EUROUZ Member Veon Partners with Starlink to Expand Satellite Connectivity
Starlink signed an agreement with Veon to integrate satellite internet directly into Veon’s mobile networks across Central and South Asia. The partnership will allow users to connect to satellites without relying on ground-based cellular towers, improving coverage in remote and underserved areas. Initial rollout will begin in Kazakhstan and Ukraine before expanding to Uzbekistan, Pakistan and Bangladesh. The effort aligns with Veon’s network-modernisation programme and broadens Starlink’s regional reach. A detailed deployment schedule will be announced after initial testing.
EUROUZ welcomes new member - Synergy Consulting
Established in 2002 in Virginia, USA, Synergy Consulting is an independent international financial advisory firm providing a comprehensive suite of services in investment advisory, project finance, financial modeling, financial analysis, mergers and acquisitions, commercial and financial due diligence, project restructuring, and policy reform.
EUROUZ welcomes new member – Metso
Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. Metso improves customers’ energy and water efficiency, increase their productivity, and reduce environmental risks with their product and service expertise. They are the partner for positive change.
EUROUZ featured member - Uzbekistan Technological Metals Complex
The Uzbekistan Technological Metals Complex (TMK) was established at the initiative of the President of Uzbekistan Shavkat Mirziyoyev and is a leading company implementing the full value chain in the field of critical minerals.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

AFD Allocates €230 Million for Uzbekistan’s “Green Economy”
The Agence Française de Développement (AFD) and Uzbekistan’s Finance Ministry signed the third budget-support loan under the national green economy programme, unlocking €230 million in funding. The deal mandates that 10 % of the state budget be invested in climate-impact initiatives and that 15 % of public procurement become green within the next phase. The accord reinforces France’s sustained development partnership with Uzbekistan and aligns with the country’s push to become climate-resilient. Work will now start on defining the detailed rollout plan, with disbursements expected throughout 2026.

Uzbekistan and Serbia Forge IT Export Gateway
Uzbekistan’s Digital Technologies Minister Sherzod Shermatov announced new cooperation with Serbia to route IT service exports to Europe and the United States through Belgrade. A joint enterprise will connect Serbian firms with Uzbek specialists to secure Eastern European contracts, alongside plans to explore a joint venture capital fund. The partnership includes Quebec-based server integration and new engineering hires in Uzbekistan to support clients in Western markets. The initiative strengthens Uzbekistan’s digital-export strategy and expands high-skill employment. Both sides will finalise operational mechanisms by early 2026.

Belgium Opens Embassy in Tashkent to Deepen Central-Asia Ties
Belgium’s Ministry of Foreign Affairs confirmed plans to open a full embassy in Tashkent as part of Brussels’ effort to expand engagement in Central Asia. The mission will strengthen Belgium’s presence as Uzbekistan develops into a key logistics and investment hub along the Trans-Caspian corridor. Foreign Minister Maxime Prévot noted that the embassy will support deeper cooperation and improve early identification of shared opportunities. The initiative underscores Belgium’s broader regional strategy. The embassy is scheduled to become operational in the second half of 2026.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Tashkent Hosts Central Asia–Azerbaijan Consultative Summit

Tashkent hosted the latest regional consultative summit bringing together leaders of Central Asian states and Azerbaijan to strengthen cooperation across trade, connectivity and energy. Participants endorsed a joint framework to harmonize transit procedures, expand digital-corridor infrastructure and coordinate industrial development. The meeting highlighted rising regional trade volumes and emphasized the role of new multimodal routes in reducing logistical bottlenecks. The expanded format formally integrated Azerbaijan into the consultative mechanism, broadening its geographic scope. Ministerial working groups will now draft implementation roadmaps ahead of the next summit.

Azerbaijan joined the Central Asia Consultative Format as a full participant, expanding the platform’s geographic and strategic scope.
Regional cooperation framework on trade, industry, transport and digital integration was adopted to strengthen multi-sector regional coordination.
Unified transit and logistics roadmap for Central Asia and the South Caucasus was approved to streamline procedures and standardize transport systems.
Expansion of multimodal connectivity along the Middle Corridor was agreed to strengthen links to Türkiye and European markets.
Cultural and humanitarian cooperation package was endorsed, including shared cultural projects, education exchanges and heritage initiatives.

Tokayev’s State Visit to Tashkent Sets $10 Billion Trade Target

Uzbekistan hosted Kazakhstan’s President Kassym-Jomart Tokayev for an official state visit focused on expanding strategic economic cooperation. The two countries committed to raising bilateral trade to $10 billion by 2030 under a newly approved partnership package. The agreement includes establishing UzKazTrade, launching a $1.3 billion portfolio of joint industrial projects and advancing an additional $8 billion cooperation programme. Both sides also outlined deeper collaboration in transport logistics, water management, digital technologies and culture. An interstate council will oversee implementation beginning in 2026.

Made in Asia: Central Asia Sets US$20 Billion Trade Vision in Tashkent

The Ministry of Investment, Industry and Trade of the Republic of Uzbekistan convened the first meeting of the Council of Ministers of Trade and Investment of Central Asian countries and Azerbaijan in Tashkent. Ministers agreed on a roadmap to raise regional trade turnover to US $20 billion and develop joint production platforms under the “Made in Central Asia” brand. Participating nations committed to streamlining customs, transport logistics and supply-chains to deepen industrial integration. The initiative marks a step toward institutionalising regional economic dialogue and expanding value-added manufacturing. Member states will roll out detailed operational frameworks across 2026.

Tashkent Hosts CASCA+ Transport Ministers Meeting
Transport ministers from the CASCA+ corridor met in Tashkent to advance regional freight connectivity and digital integration. The participants agreed to launch a unified digital transport platform to streamline logistics, border-control workflows and multimodal tracking. They emphasized completing the China–Kyrgyzstan–Uzbekistan railway to strengthen the Middle Corridor’s competitiveness. The meeting highlighted the need to resolve vessel shortages and Caspian Sea constraints affecting ferry operations. Working groups will now prepare the implementation roadmap ahead of the leaders’ summit in November.

1.3 RUSSIA & CHINA

Mirziyoyev and Putin Advance Strategic Partnership in Phone Call
President Shavkat Mirziyoyev held a telephone conversation with Russian President Vladimir Putin to review progress on their comprehensive strategic partnership. They discussed sustaining growth in bilateral trade and advancing joint economic projects, particularly in the energy sector. The leaders also highlighted expanding regional business cooperation and cultural-humanitarian exchanges. Both sides welcomed the outcomes of the recent Council of Regions meeting held in Moscow. Preparations now continue for the upcoming Intergovernmental Commission session and business forum scheduled for December 3.

Uzbekistan Update: October 15 - 31, 2025

Wed, 05 Nov 2025 09:34:15 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOIAPPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

November 12, 2025 44th Meeting of the Berlin Eurasian Club
This year, the Berlin Eurasian Club meeting will focus on the topic of “Middle Corridor and Global Gateway.” The Middle Corridor, an important trade route, is becoming increasingly strategic. Kazakhstan plays a central role in this transcontinental connection and offers a solid and efficient transit hub. The growing partnership with the European Union and Germany, characterized by increased investment and cooperation in the areas of transport and green energy, underscores Kazakhstan’s central position in improving connectivity and economic relations between East and West.
Please register by November 7, 2025, using the code BEK1025
November 13, 2025 Banks of the Future Conference
EUROUZ in partnership with ASEE and PLATMA is pleased to announce the upcoming Banks of the Future Conference — a premier platform to explore how technology, innovation, and digital ecosystems are transforming the banking sector in Uzbekistan and beyond.
Register to attend
November 20, 2025 Expert Seminar: Well-being at Work: Practical Strategies for Uzbekistan’s Changing Business Landscape
EUROUZ Human Resources & Capacity Building Committee invites you to the Expert Seminar: Well-being at Work: Practical Strategies for Uzbekistan’s Changing Business Landscape. As Uzbekistan’s economy evolves, employee well-being is becoming a key factor of competitiveness and long-term growth. Join EUROUZ members and HR leaders to explore practical approaches that help organisations create healthier, more resilient, and productive workplaces.
Register here
November 20, 2025 Istanbul as a Hub: Practical Insights for Business Growth in the CIS
Join industry experts to explore current market trends, risks and opportunities. The program will offer a special focus on Central Asia alongside broader perspectives on the CIS region, tailored for international companies.
20 November | 09:00-13:00 (GMT+3) | Istanbul
Register to attend
November 26, 2025 The 3rd EU–Central Asia Economic Forum
As a key platform for EU–Central Asia cooperation under the EU’s Global Gateway, the Forum will bring together senior representatives from the EU, Central Asian governments, the private sector, and international organisations to strengthen economic partnerships for shared prosperity and sustainable growth.
Register to the forum
Register to the evening reception
November 29 - December 1, 2025 Swiss Days in Uzbekistan 2025
Swiss and Lichtenstein SMEs exploring opportunities in Uzbekistan and in Central Asia are invited to join in driving Swiss innovation into the heart of Uzbekistan — a fast-emerging market with immense untapped potential.
The events of Swiss Days in Uzbekistan will potentially help the participating companies in positioning and strengthening visibility in highly competitive market.
Register (Swiss & Lichtenstein businesses only). A registration for international companies and for Uzbekistan companies will be separately organized by EUROUZ.
2-3 June, 2026 GITEX Central Asia & Caucasus 2026
We’re proud to announce that the EUROUZ will serve as an Ecosystem Partner of GITEX Central Asia & Caucasus 2026, taking place on 2–3 June 2026 in Astana. The event will unite leading tech innovators, investors, and policymakers shaping the future of digital transformation across Central Asia and the Caucasus. From AI and fintech to green technologies, GITEX CAC is set to become the region’s most influential platform for innovation and collaboration.
Pre-register here

EUROUZ & MEMBER NEWS

Uzbekistan Economic Day in Europe 2025 - a showcase for the new level of cooperation between the EU and Uzbekistan.
On October 23, 2025 EUROUZ hosted the flagship “Uzbekistan Economic Day in Europe” forum in Brussels. The event brought together leading European and Uzbek business representatives on the eve of President Shavkat Mirziyoyev’s official visit to Brussels and was held in cooperation with the Ministry of Investment, Industry and Trade of Uzbekistan.
EUROUZ extends its deepest appreciation to the sponsors whose support made this event possible: European Investment Bank, Wallonia Export and Investment Agency (AWEX), EastCham Finland, SUEZ, IT Park Uzbekistan, VEON, Lawday, and WR Group.
Photos to the event
Press Release
EUROUZ member, Eastcham Finland organized the Finnish–Uzbek Business Forum
The Finnish–Uzbek Business Forum, held on 31 October 2025, marked a major milestone in strengthening trade, investment, and industrial cooperation between Finland and Uzbekistan. Organized by EastCham Finland, the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan, and supported by EUROUZ, the Forum was attended by H.E. Alexander Stubb, President of the Republic of Finland, and Jamshid Khodjaev, Deputy Prime Minister of the Republic of Uzbekistan alongside senior government officials, leading Uzbek companies, and a high-level Finnish business delegation representing sectors such as green technologies, energy, mining, digital innovation, and sustainable infrastructure.
EUROUZ welcomes new member - The National Media Association of Uzbekistan (NMAU)
The National Media Association of Uzbekistan (NMAU), established in 2003 in Tashkent, is a non-governmental, non-profit organization that unites the country’s leading mass media outlets. The Association focuses on developing the media industry, supporting its members, promoting freedom of speech, and implementing educational, PR, and marketing initiatives. It also contributes to shaping Uzbekistan’s information policy and fostering the growth of a modern, open media environment.
EUROUZ welcomes new member – Lexminster
Lexminster is a business-oriented law firm delivering innovative legal solutions and pragmatic advice tailored to the complex needs of clients. With a deep understanding of both legal frameworks and business management, they combine top-tier legal expertise with commercial insight to provide actionable recommendations that create real value.
EUROUZ welcomes new member – GBSB Global
GBSB Global Business School is a fully accredited institution of higher education with campuses in Barcelona and Madrid (Spain), Birkirkara (Malta), and online. The School offers programs from Foundation to Ph.D., all taught in English, designed to bridge academic excellence with real-world innovation. Curricula emphasize digital transformation, sustainability, ethics, and entrepreneurial leadership—reflecting GBSB Global’s mission to educate future-ready leaders capable of driving positive change.
EUROUZ welcomes new member - Silk Road Group Projects (SRGP)
Silk Road Group Projects LLC (SRGP) is a private investment company founded in 2018. Today SRGP ranks among the leading investors in Uzbekistan and successfully implements a wide range of projects across various industries. The company actively collaborates with investors and organizations, offering reliable solutions for capital growth. SRGP follows modern trends, embraces innovative approaches, and places a strong emphasis on efficiency and high-quality project execution.
EUROUZ welcomes new member – SavvY
SavvY is a dynamic and specialized business advisory firm that empowers organizations to discover new opportunities and deliver impactful, sustainable solutions.
EUROUZ welcomes new member - InterContinental Tashkent
InterContinental Tashkent, officially opened on March 8, 2023, is a flagship luxury hotel located in the very heart of Uzbekistan’s capital. Operating within the premium hospitality segment, it offers world-class accommodation, fine dining, spa and wellness services, and advanced facilities for business tourism and MICE events.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Tashkent and Brussels Elevate Strategic Partnership with EU

At the European Council headquarters in Brussels, Shavkat Mirziyoyev met with António Costa and Ursula von der Leyen to discuss cooperation between Uzbekistan and the European Union. They signed an Enhanced Partnership and Cooperation Agreement and agreed to implement projects worth over €10 billion across energy, critical minerals, logistics, textiles, and pharmaceuticals. The pact broadens the legal framework for bilateral cooperation and opens up trade, investment, transport, energy and technology links. The parties plan to progress on visa-facilitation and joint project implementation in 2026.

Uzbekistan and Serbia Boost Cooperation with First Joint Commission

Uzbekistan hosted Aleksandar Vučić of Serbia for high-level talks in Tashkent, during which they committed to elevate bilateral ties and prepare a comprehensive cooperation programme spanning engineering, pharmaceuticals, IT, agro-industry and tourism. They underscored plans for new transport corridors between Central Asia and the Balkans, including the Trans-Caspian corridor. An intergovernmental commission meeting in Tashkent was scheduled for next year to formalise collaboration. Preparations are underway for the first meeting of this commission in early 2026.

Uzbekistan and Slovakia Agree to Expand Strategic Partnership

At a meeting in Samarkand during the UNESCO General Conference, President Mirziyoyev and Peter Pellegrini of Slovakia reviewed bilateral strategic partnership and noted that business ties, political consultations, and joint ventures have been accelerating. The two sides agreed to increase trade and investment, boost industrial cooperation in sectors such as textiles, auto components and pharmaceuticals, and explore joint cybersecurity and cargo-tracking centres. This alignment supports Uzbekistan’s industrial diversification and Slovakia’s participation in Central Asian markets. They resolved to hold business forums and establish trade houses to facilitate this cooperation by 2026.

Uzbekistan and Finland Agree Joint Projects Worth €1B+
In Tashkent, President Mirziyoyev and Alexander Stubb of Finland reviewed multifaceted cooperation in political, economic, investment and humanitarian spheres. A business forum held alongside their meeting resulted in a portfolio of joint projects valued at over €1 billion. They also discussed launching a joint trade-finance fund to boost mutual supplies and opening certification laboratories for Uzbek agro-textile exports to EU markets. Further steps include the next intergovernmental commission session in 2026 and creation of a business council.

Uzbekistan and Serbia to Establish Joint IT Enterprise and Venture Fund
The IT Park Uzbekistan and Serbian counterparts agreed to establish a joint IT enterprise in Serbia focused on deploying the Palm ID system and build a joint venture fund of about US $1 million to finance Uzbek startups entering European markets and Serbian projects exploring Central Asia. Uzbekistan pledged to provide server infrastructure and engineering support, while Serbia committed to facilitating deployment and European market expansion. The first round of fund deployment is expected in early 2026.

Uzbekistan and UK Strengthen Green Investment and Financial Cooperation

Uzbekistan’s Deputy Minister of Investment and Foreign Trade met with senior representatives of British financial institutions to deepen cooperation in green and infrastructure finance. The sides discussed developing joint projects in renewable energy, water management, and industrial modernization. London investors expressed interest in co-financing public-private initiatives aligned with Uzbekistan’s 2030 Development Strategy. A joint working group will outline project priorities and financing terms by early 2026.

Uzbekistan and Germany Expand Economic and Technological Partnership
Deputy Foreign Minister Bobur Usmanov met with Bundestag member Stephan Mayer in Tashkent to advance political and economic dialogue. The parties emphasized increasing German private investment in Uzbekistan’s industrial, energy, and logistics sectors. They agreed to enhance cooperation in education, vocational training, and digitalization to strengthen bilateral innovation capacity. This dialogue aligns with Uzbekistan’s strategy to attract high-tech partners and diversify exports to the EU. A joint roadmap for cooperation through 2027 is currently under preparation.

Uzbekistan and Italy Launch Pilot Program for Medical Specialists
Uzbekistan’s Ministry of Employment and Italy’s healthcare institutions launched a pilot program to send Uzbek medical specialists to work in Italian hospitals. The first group of ten doctors will be trained and employed in Milan, with plans to expand the scheme to 3,500 professionals over five years. The program ensures participants receive EU-standard training and certification, enhancing skill development and remittance inflows. This initiative supports Uzbekistan’s policy to expand legal overseas employment opportunities for qualified workers. Full-scale implementation is expected to begin in 2026 following the pilot’s evaluation.

1.2 CENTRAL ASIA, CAUCASUS & CIS

CIS Security Chiefs Convene in Samarkand for 57th Meeting
Heads of security and intelligence agencies from nine CIS countries will gather in Samarkand on October 16–17 to discuss counter-terrorism, cybersecurity, and regional stability. The 57th meeting of the CIS Security Council will include participation from the CIS Anti-Terrorism Center and focus on coordination of joint security measures. The event underscores Uzbekistan’s growing role in regional defense cooperation. Outcomes are expected to include strengthened intelligence sharing and joint operational initiatives starting later this year.

China–Kyrgyzstan–Uzbekistan Corridor Expands Central Asian Freight Links
China, Kyrgyzstan, Uzbekistan, and Turkmenistan have launched a new multimodal transport corridor connecting Xi’an to the Caspian Sea via Central Asia. The route combines rail and road segments, with the first cargo expected in Uzbekistan by late October. It aims to enhance trade efficiency, diversify logistics routes, and strengthen Uzbekistan’s role as a regional transit hub. Officials project growing freight capacity and expanded operations under the Belt and Road framework by the end of 2025.

Uzbekistan, Kyrgyzstan, Tajikistan Ratify Tri-Border Agreement
Uzbekistan’s parliament has ratified a treaty with Kyrgyzstan and Tajikistan defining their shared tri-border point. Initially signed in Khujand on March 31 by Presidents Mirziyoyev, Japarov, and Rahmon, the accord formalizes state boundaries and promotes regional trust. The agreement is expected to support cross-border trade and infrastructure projects while reinforcing stability in the Fergana Valley. Following Senate approval, implementation of joint development initiatives along the border is set to begin in early 2026.

1.3 RUSSIA & CHINA

Uzbekistan to Boost Russian Gas Imports by 2 Billion m³

Uzbekistan Update: Special Edition - Presidential Visit to Brussels & EUROUZ Economic Day

Tue, 28 Oct 2025 13:13:46 GMT

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October 23rd, 2025 Annual Uzbekistan Economic Day

Pictures from the event | Press Release

Brussels, 23 October 2025 – The Europe‑Uzbekistan Association for Economic Cooperation (EUROUZ) hosted its flagship forum “Uzbekistan Economic Day in Europe”, drawing over 250 senior policymakers, business leaders and institutional representatives to discuss investment, trade and innovation between the European Union and Uzbekistan. The event, held on the eve of President Shavkat Mirziyoyev’s official visit to Brussels (23-24 October), affirmed EUROUZ’s growing role as a key bridge between Europe’s markets and Uzbekistan’s reform-driven economy.

Highlights of the forum included opening remarks by European Commission Executive Vice-President Teresa Ribera, Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov, and EUROUZ Chairman Pierre‑Paul Antheunissens, who underlined shared ambitions for sustainable development, connectivity and economic modernisation. Thematic sessions showcased Uzbekistan’s emergence as a global business hub, its role as a Eurasian logistics node and its potential in digital and raw-materials markets; the day concluded with a series of memorandums of understanding and partnership agreements between Uzbek and European institutions in sectors ranging from telecoms and pharmaceuticals to logistics and digital infrastructure.

Important Documents Signed in Brussels on 23 - 24 October 2025

Memorandum of Understanding – exchanged between the Agency for the Development of the Pharmaceutical Industry (Uzbekistan) and Schaeffer Nutraceuticals (Germany) - Cooperation in the pharmaceutical sector, including knowledge exchange, promotion of investment and trade, development of production capacities; including vitamins and dietary supplements; as well as exchange of research, technologies, and innovations

Agreement on the implementation of a satellite communication project – exchanged between UZ-SAT LLC (Uzbekistan) and SES / VEON (Beeline) - Implementation of satellite communication technologies to expand broadband Internet access in remote regions of the Republic of Uzbekistan (Term Sheet), including the supply of large quantity terminals

Agreement on prospective cooperation – exchanged between Uzkhimyosanoat JSC (Uzbekistan) and NEXTCHEM S.p.A. (Italy) - Assessment of potential opportunities in the field of carbon capture and storage (CCS)

Contract for the supply of cable products – exchanged between ProCab JV LLC (Uzbekistan) and Admetos Trading GmbH (Germany) - Contract for the supply of cable products (USD 90 million)

Roadmap for Strengthened Cooperation between the Ministry of Investment, Industry and Trade (MIIT) and EUROUZ in the Areas of Investment, Foreign Trade, and Economic Development – Next Steps Following the EU–Central Asia Summit (Samarkand, 2025)

Partnership Action Plan – exchanged between the Ministry of Investment, Industry and Trade (Uzbekistan) and Ahlers Logistics (Belgium) - Consideration of the establishment of a logistics hub in Tashkent or Samarkand to optimize regional and international freight transportation, as well as to stimulate trade and investment

Partnership Action Plan – exchanged between the Ministry of Investment, Industry and Trade (Uzbekistan) and Bluemont (Europe) - Consideration of an initiative to promote the use of modular electric barges for sustainable and innovative logistics of Uzbek cargo through the Caspian Sea, aimed at enhancing transport connectivity, environmental efficiency, and expanding the region’s export opportunities.

Partnership Action Plan – exchanged between the Ministry of Investment, Industry and Trade (Uzbekistan) and AIM Group -Promotion of participation in the construction and development of industrial zones and manufacturing enterprises in Uzbekistan in order to strengthen industrial potential and attract foreign direct investment

Uzbekistan's President Visit to Brussels

EUROUZ Co-organized Uzbekistan President’s Meeting with European Business Leaders

During his official visit to Belgium, President Shavkat Mirziyoyev of Uzbekistan held a roundtable with senior executives. The meeting was attended by the EU Commissioner for enlargement Marta Kos, the top management from companies and corporations such as Vandewiele, Linde, Rhenus Logistics, Ahlers Logistics, Lasselsberger Group, Pietro Fiorentini, NextChem, Meridiam, SUEZ, FMO, European Investment Bank, Commerzbank, KfW, Textima, Chimcomplex, Metso and others. The meeting highlighted the growing trust between Uzbekistan and the EU, with the upcoming Enhanced Partnership and Cooperation Agreement set to elevate bilateral ties.

President Mirziyoyev noted that trade has doubled and European joint ventures now exceed one thousand, demonstrating investor confidence in Uzbekistan’s reforms. He outlined priorities for cooperation in high value-added production, green energy, infrastructure modernization, and digital innovation. EUROUZ is proud to have coordinated the referenced meeting jointly with the Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan. The meeting was attended by the Secretary General of EUROUZ, along with 25 senior executives from European companies, many of whom are EUROUZ members.

Uzbekistan and the European Union Signed Enhanced Partnership and Cooperation Agreement

Uzbekistan and the European Union signed the long-awaited Enhanced Partnership and Cooperation Agreement (EPCA) in the presence of President Shavkat Mirziyoyev, European Council President António Costa, and European Commission President Ursula von der Leyen. Replacing the 1996 Partnership and Cooperation Agreement, the new document significantly expands the legal framework of bilateral relations. Negotiations began in 2019 and concluded in 2022, culminating in a comprehensive agreement consisting of nine sections, 356 articles, and 14 annexes. The EPCA covers key areas such as political dialogue, trade and investment, sustainable development, science and education, innovation, high technology, environmental protection, and climate action. This landmark agreement ushers in a new era of strategic partnership, reinforcing Uzbekistan–EU cooperation at an unprecedented level.

Uzbekistan and EU Deepen Strategic Partnership, Advancing Historic Agreement and WTO Accession

Tt the European Council headquarters in Brussels, President Shavkat Mirziyoyev met with European Council President António Costa and European Commission President Ursula von der Leyen to discuss advancing Uzbekistan–EU relations. They highlighted the completion of Uzbekistan’s bilateral negotiations on accession to the World Trade Organization a crucial step toward full WTO membership and closer integration with the global and European economies.

The sides commended the growing institutional dialogue, including Uzbekistan’s participation in the EU Global Gateway Forum and multiple high-level economic meetings. Recent business events led to agreements on new joint projects worth over €10 billion, complementing an existing portfolio exceeding €40 billion. Both parties reaffirmed their commitment to strengthening cooperation in investment, critical minerals, infrastructure, science, education, and visa facilitation to enhance connectivity and partnership.

President of Uzbekistan meets with the King of the Belgians

President Shavkat Mirziyoyev met with King Philippe of the Belgians at the Castle of Laeken to discuss expanding cooperation in trade, investment, culture, and humanitarian affairs. King Philippe congratulated the Uzbek leader on the signing of the historic Enhanced Partnership and Cooperation Agreement with the European Union and praised the progress in Uzbek–Belgian relations. Both sides noted the steady growth in political dialogue, economic ties, and cultural exchanges, including city partnerships between Tashkent and Kortrijk, Samarkand and Liège, and the unveiling of an Avicenna monument in Kortrijk. The discussion also highlighted the success of Belgian companies operating in Uzbekistan and the establishment of the Benelux Chamber of Commerce in Tashkent. The leaders emphasized the importance of new business missions and cultural initiatives, and President Mirziyoyev extended an invitation for King Philippe to visit Uzbekistan.

Key Outcomes:

Signing of the Historic Enhanced Partnership and Cooperation Agreement (EPCA): Uzbekistan and the European Union concluded a landmark agreement that establishes a modern and comprehensive framework for political, economic, and social cooperation, replacing the 1996 accord.
Elevation of Uzbekistan–EU Relations to a Strategic Level: The President’s meetings with EU leaders European Council President António Costa and European Commission President Ursula von der Leyen reaffirmed mutual commitment to deeper strategic engagement across trade, investment, energy, transport, and digital innovation.
Progress Toward WTO Accession: Uzbekistan and the EU welcomed the completion of bilateral negotiations on Uzbekistan’s accession to the World Trade Organization, marking a crucial step in the country’s economic integration with global markets.
Major Investment and Business Agreements: Business forums and roundtables in Brussels resulted in agreements on new joint projects worth over €10 billion in key sectors such as energy, chemicals, logistics, critical minerals, textiles, and pharmaceuticals. The total portfolio of Uzbekistan–EU projects now exceeds €40 billion.
Strengthening of Human Capital and Innovation Cooperation: Both sides emphasized collaboration in education, science, technology, and digital transformation, including initiatives in artificial intelligence and cybersecurity.
Deepening Bilateral Ties with Belgium: President Mirziyoyev’s meeting with King Philippe highlighted growing Uzbek–Belgian relations, expansion of trade and investment cooperation, and enhanced cultural and humanitarian exchanges.
Commitment to Broader Regional and Global Engagement: Uzbekistan reaffirmed its readiness to actively cooperate within the “Central Asia–EU” framework and to contribute to regional connectivity, sustainable development, and global economic partnerships.

The agreements sets the scene for a deeper strategic partnership combining trade, investment, digital and green transitions with political dialogue and positions Uzbekistan as a key partner for the EU in Central Asia. The real test now will be converting this ambition into concrete reforms, projects and durable results.

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ABOUT US

EUROUZ OR EUROPE-UZBEKISTAN ASSOCIATION FOR ECONOMIC COOPERATION (EUROUZ.EU) IS A EUROPEAN COOPERATION PLATFORM ESTABLISHED TO ASSIST THE EUROPEAN BUSINESS COMMUNITY IN DEVELOPING AND STRENGTHENING BUSINESS, INVESTMENT, AND TRADE COOPERATION TIES WITH UZBEKISTAN.

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Uzbekistan Update: October 1 - 15, 2025

Fri, 17 Oct 2025 08:54:20 GMT

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Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

October 23, 2025 Uzbekistan Economic Days in Europe - The Flagship Event of the Year
This flagship gathering forms an essential part of the broader private sector engagement within the expanding bilateral and multilateral contacts between Uzbekistan and the European private sector. Taking place on the eve of the official visit of the President of Uzbekistan to Brussels on October 24, the event underscores the growing strategic importance of Uzbekistan–EU economic relations.
Register | Sponsorship opportunities
October 20, 2025 Annual Fintech & Banking Forum
Join for a day of cutting-edge insights and expert discussions on the latest fintech trends. Hear from industry leaders and keynote speakers as they share practical cases and knowledge on:
- Artificial Intelligence (AI)
- Buy Now, Pay Later (BNPL)
- Open API
- Fraud prevention & Cybersecurity and much more
Registration is required via the link
For sponsorship opportunities, please contact at contact@fintechassociation.com
October 22-24, 2025 Ethics, Risk & Compliance Management
Gain practical knowledge, templates, and ready-made solutions from trainers with global experience. Choose from two modules: Foundations of Compliance (22 Oct) or a Full 3-day Compliance Program (22–24 Oct).
A 10% discount will be extended to all EUROUZ members who register for this training.
Register to attend
October 28-30, 2025 MiningMetals Uzbekistan 2025
Everything That Drives the Mining and Metallurgy Industry — Late October in Tashkent!
Two meaningful events in one venue:
MiningMetals Uzbekistan 2025 — exhibition of machinery, equipment, and technologies for the mining, metallurgical, and metalworking industries.
Uzbekistan International Mining & Metals Forum - UIMF— a professional platform on metallurgy development, investments, raw material base, and the industry’s future.
Exhibition participation | Forum registration
November 12, 2025 44th Meeting of the Berlin Eurasian Club
This year, the Berlin Eurasian Club meeting will focus on the topic of “Middle Corridor and Global Gateway.” The Middle Corridor, an important trade route, is becoming increasingly strategic. Kazakhstan plays a central role in this transcontinental connection and offers a solid and efficient transit hub. The growing partnership with the European Union and Germany, characterized by increased investment and cooperation in the areas of transport and green energy, underscores Kazakhstan’s central position in improving connectivity and economic relations between East and West.
Please register by November 7, 2025, using the code BEK1025
November 13, 2025 Banks of the Future Conference
EUROUZ in partnership with ASEE Group, PLATMA and UZCARD is pleased to announce the upcoming Banks of the Future Conference — a premier platform to explore how technology, innovation, and digital ecosystems are transforming the banking sector in Uzbekistan and beyond.
Register to attend
November 18, 2025 Expanding Horizons: Practical Insights for Business Growth in the CIS
Join industry experts to explore current market trends, risks and opportunities. The program will offer a special focus on Central Asia alongside broader perspectives on the CIS region, tailored for Austrian companies.
18 November | 09:00-13:00 (CET) | Vienna
Register to attend
November 29 - December 1, 2025 Swiss Days in Uzbekistan 2025
Swiss and Lichtenstein SMEs exploring opportunities in Uzbekistan and in Central Asia are invited to join in driving Swiss innovation into the heart of Uzbekistan — a fast-emerging market with immense untapped potential.
The events of Swiss Days in Uzbekistan will potentially help the participating companies in positioning and strengthening visibility in highly competitive market.
Register (Swiss & Lichtenstein businesses only). A registration for international companies and for Uzbekistan companies will be separately organized by EUROUZ.

EUROUZ & MEMBER NEWS

EUROUZ Member, Rothschild & Co Discusses Investment Cooperation with Saida Mirziyoyeva in London
Head of the Presidential Administration of Uzbekistan Saida Mirziyoyeva met in London with Baroness Arielle Malard de Rothschild, member of the Supervisory Board of Rothschild & Co. The meeting highlighted opportunities for cooperation in finance, investment, and sustainable development. Baroness de Rothschild—an influential financier and advocate for gender diversity in the financial sector—is also the co-founder of Financi’Elles and a board member of CARE International.
EUROUZ Member, BMCA Uzbekistan Hosts Heimtextil, Texworld, and Apparel Sourcing Tashkent 2025
On 14 October 2025, Heimtextil Uzbekistan, Texworld Tashkent, and Apparel Sourcing Tashkent 2025 officially opened at the UzExpoCentre in Tashkent, bringing together over 250 companies from six countries across 8,000 m² of exhibition space. Organized by BMCA Uzbekistan under the auspices of Messe Frankfurt, the three exhibitions serve as Central Asia’s premier platform for the textile and apparel industry, attracting more than 1,400 professional visitors and buyers from over 15 countries. The event features an SME Pavilion showcasing local producers, a Trend Zone focused on sustainable and innovative materials, and a rich business program dedicated to digitalization, exports, and women’s leadership — reinforcing Uzbekistan’s growing role as a regional hub for textile cooperation and global sourcing.
EUROUZ Member, Ipoteka Bank OTP Group Issues Landmark Dual-Currency Eurobond Worth USD 400 Million
Ipoteka Bank OTP Group has successfully priced its inaugural dual-currency Eurobond — the first-ever public issuance by a private Uzbek bank. The offering includes USD 300 million in 5-year and the UZS equivalent of USD 100 million in 3-year senior unsecured notes, both rated BB by Fitch. The transaction achieved record demand, with 2.8× oversubscription for the USD tranche and 3.4× for the UZS tranche — the highest for any som-denominated international issue. Arranged by J.P. Morgan, Citi, Société Générale, and OTP Bank, the Eurobond represents Uzbekistan’s lowest borrowing cost since 2023 and reinforces investor confidence in the country’s reform momentum. Proceeds will support retail, MSME, and corporate lending, strengthening Ipoteka Bank’s position as a leading private financial institution in Central Asia.
EUROUZ welcomes new member – SETTLE
SETTLE LEGAL was established in 2020 in Tashkent, Uzbekistan, by a team of experienced lawyers specializing in intellectual property (IP) protection. The firm provides legal services in trademarks, patents, copyrights, and technology law, helping local and international clients protect and commercialize their IP assets.
EUROUZ welcomes new member - GCF Eurasia
GCF Eurasia, founded in August 2023 and headquartered in Almaty, Kazakhstan, is a sustainability advisory firm providing consulting services in ESG strategy development, climate risk assessment, non-financial reporting, and investor relations. The company supports businesses and financial institutions across Central Asia in aligning with global sustainability standards, including the ISSB, GRI, and CSRD.
EUROUZ welcomes new member - GK&P
GK&P is an independent investment banking and business advisory firm based in Uzbekistan and France. The firm helps clients navigate complex strategic and financial decisions across Central Asia and beyond. The firm’s expertise includes M&A, debt and equity financing, corporate finance, due diligence, strategy, business transformation and operations, as well as other specialised advisory services.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Saida Mirziyoyeva Explores New Avenues of Cooperation with EU Commissioner in Brussels

Head of the Presidential Administration of Uzbekistan Saida Mirziyoyeva met with EU Commissioner for International Partnerships Josef Síkela in Brussels to discuss expanding Uzbekistan–EU collaboration. The talks highlighted growing engagement across political, economic, and cultural–humanitarian spheres, with both sides reaffirming their commitment to deepening ties and launching new joint initiatives. Mirziyoyeva emphasized the shared intent to “fully harness the emerging opportunities for cooperation, including across Central Asia.”

Saida Mirziyoyeva Meets European Commission Vice President Kaja Kallas

Head of the Presidential Administration of Uzbekistan Saida Mirziyoyeva held talks in Brussels with Kaja Kallas, Vice President of the European Commission and EU High Representative for Foreign Affairs and Security Policy. The discussion focused on global and regional developments, with particular attention to Central Asia and the strengthening of Uzbekistan–EU dialogue amid complex geopolitical dynamics. Mirziyoyeva expressed appreciation for the open and constructive exchange, noting her confidence in further expanding the partnership between Uzbekistan and the European Union.

Nodir Ganiev Becomes Uzbekistan’s First Ambassador to Monaco

On October 7, Nodir Ganiev presented his credentials to Prince Albert II as the first Ambassador Extraordinary and Plenipotentiary of Uzbekistan to the Principality of Monaco, with residence in Paris. During the meeting, Prince Albert II praised the reforms under President Shavkat Mirziyoyev and expressed strong interest in Uzbekistan’s green energy transition, particularly its goal to produce 54% of electricity from renewable sources by 2030.

Uzbekistan and Germany Discuss Financial and Technical Cooperation Ahead of 2026 Negotiations

Uzbekistan and Germany held intergovernmental consultations in Tashkent to review and expand bilateral cooperation ahead of the 2026 negotiations. Co-chaired by Deputy Minister Shokhrukh Gulyamov and BMZ representative Karolina Probst, the meeting reaffirmed the strategic partnership between the two countries. The joint project portfolio with KfW now includes 33 initiatives worth €3.8 billion, while GIZ continues to support reforms in governance, education, and climate adaptation. Both sides agreed to streamline project approval procedures and focus on priority areas such as green energy, healthcare, social protection, and sustainable development.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Uzbekistan Strengthens Role in Shaping New Eurasian Cooperation Framework

At the Central Asia–Russia Summit in Dushanbe, Uzbekistan reaffirmed its leadership in advancing regional integration. President Shavkat Mirziyoyev proposed practical steps to enhance connectivity and cooperation, including a Coordination Council, a 2027 roadmap, and new logistics corridors. Key initiatives also include the creation of an industrial hub in Bukhara and regional centers for nuclear energy and artificial intelligence — reinforcing Uzbekistan’s position as a key architect of Eurasia’s emerging cooperation system.

President Mirziyoyev Proposes Industrial Alliance and Green Corridors Among Turkic States

At the Organization of Turkic States (OTS) Summit in Gabala, President Shavkat Mirziyoyev outlined a comprehensive vision to deepen political, economic, and cultural integration across the Turkic world. He proposed establishing a Permanent Council on Economic Partnership with a project office in Tashkent, creating an industrial alliance and “Turkic Green Corridors” system to boost sustainable trade. Uzbekistan also suggested launching the Green Transformation Consortium, a joint AI and creative economy roadmap, and the International University of Turkic States. The initiatives aim to strengthen regional unity, promote innovation, and expand cooperation in energy, logistics, and cultural exchange.

Uzbekistan Secures License to Develop Hydrocarbon Fields in Afghanistan

Uzbekistan has obtained a license from Afghanistan’s interim government to explore and extract hydrocarbons on Afghan territory, marking a new stage in bilateral energy cooperation. The first phase focuses on the development of the Tuti-Maidan gas field under a 25-year agreement signed with Uzbekistan’s Eriell KAM company. According to Energy Minister Jurabek Mirzamakhmudov, the project is expected to expand to additional sites and foster mutual economic benefits. He emphasized that stability and infrastructure growth in Afghanistan could open Uzbekistan’s shortest route to the world ocean, enhancing regional connectivity and trade. Ongoing joint projects, including $250 million in new power infrastructure, underline the deepening Uzbek-Afghan partnership in the energy sector.

Uzbekistan and Azerbaijan to Co-Host FIFA U-20 World Cup 2027

FIFA has announced that Uzbekistan and Azerbaijan will jointly host the FIFA U-20 World Cup in 2027 — marking the first time the tournament will be held across two different football confederations. The decision reflects both nations’ growing stature in global football and Uzbekistan’s successful record in organizing major international events, including the FIFA Futsal World Cup 2024. The Uzbekistan Football Association noted the country’s readiness to deliver a world-class tournament showcasing its hospitality, professionalism, and passionate fan base. The joint bid follows President Shavkat Mirziyoyev’s proposal during his visit to Azerbaijan earlier this year.

TEXNOPARK Enters European Market with First Elevator Export to Estonia

TEXNOPARK has successfully entered the European market after signing its first export contract with Ecomingrad of Estonia for the supply of Uzbek-made elevators. This milestone follows TEXNOPARK’s achievement of the CE certification, confirming compliance with EU safety and quality standards. The company’s products impressed European partners with their energy efficiency, modern design, and reliability. TEXNOPARK plans to strengthen its European presence by opening an official showroom in Lithuania together with Akfa Build, showcasing innovative elevator technologies and expanding cooperation across Europe.

1.3 RUSSIA & CHINA

Uzbekistan and Russia Hold Talks on Strengthening Interparliamentary Cooperation

On 15 October 2025, a delegation of the Senate of Uzbekistan, led by First Deputy Chairman Sodik Safoyev, visited Kazan to participate in the 10th meeting of the Cooperation Commission between Uzbekistan’s Senate and Russia’s Federation Council. Discussions focused on expanding interparliamentary cooperation and boosting collaboration in trade, education, agriculture, tourism, and cultural exchange. The Uzbek delegation also met members of the Federation Council and the State Committee of Tatarstan on Tourism, gaining insight into the region’s technological development and investment potential.

President Mirziyoyev Outlines Priorities for Strengthening Central Asia–Russia Cooperation

At the Second Central Asia–Russia Summit in Dushanbe, President Shavkat Mirziyoyev presented a comprehensive vision for expanding regional partnership across political, economic, and technological spheres. He proposed establishing a Coordinating Council of Deputy Prime Ministers, adopting a detailed 2027 roadmap, and launching new trade and transport initiatives such as the Agroexpress Central Asia–Russia project and the North–South Corridor.

Russia Boosts Gas Supplies to Uzbekistan, Kazakhstan, and Kyrgyzstan by 15%

Russia has increased its natural gas exports to Uzbekistan, Kazakhstan, and Kyrgyzstan by 15% since the beginning of 2025, Gazprom CEO Alexey Miller announced at the St. Petersburg International Gas Forum. He noted that the Power of Siberia-2 pipeline to China will serve as a key driver for expanding energy cooperation with Central Asia. Miller projected that the combined GDP of the three economies could grow by 60% within the next five to six years, increasing regional energy demand. Despite fluctuations in import volumes, Uzbekistan’s monthly gas purchases from Russia have remained above $100 million since April, reflecting sustained energy ties between Moscow and Tashkent.

Uzbekistan and China Discuss Establishing Investment Alliance and Joint Ventures Support Center

Deputy Minister of Investments, Industry, and Trade Ilzat Kasimov met with Liu Yu, Chairman of the Association of Chinese Entrepreneurs in Uzbekistan, to discuss new cooperation mechanisms between the two countries. The talks focused on establishing a Comprehensive Support Center for Uzbek–Chinese Joint Ventures, creating a Center for Investment Attraction in Industrial Parks, organizing investment roadshows in China, and forming a Uzbek–Chinese Investment Alliance. The initiatives aim to enhance industrial collaboration, attract foreign direct investment, and accelerate the transfer of advanced technologies to Uzbekistan’s key production sectors.

Uzbekistan Update: September 15 - 30, 2025

Mon, 06 Oct 2025 11:13:01 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

October 23, 2025 Uzbekistan Economic Days in Europe - The Flagship Event of the Year
This flagship gathering forms an essential part of the broader private sector engagement within the expanding bilateral and multilateral contacts between Uzbekistan and the European private sector. Taking place on the eve of the official visit of the President of Uzbekistan to Brussels on October 24, the event underscores the growing strategic importance of Uzbekistan–EU economic relations.
Register | Sponsorship opportunities
October 7-9, 2025 Eurasian Pharmaceutical Summit & Eurasian Pharma Awards 2025
Global Pharmaceutical Leaders’ Club invites you to the 6th Eurasian Pharmaceutical Summit, bringing together key players from 11 countries across Central Asia, the Caucasus, and Eastern Europe. Thanks to its geographical scope, this summit is the only platform where development trends in both the public and commercial segments across the majority of the region can be discussed in one place.
Take a look at the summit agenda
Register now and receive a 15% discount using VIP Code: EUROUZ15
October 7-9, 2025 Aquatherm Tashkent 2025
Attention professionals of HVAC, plumbing, water supply and energy solutions!
Discover the full spectrum of engineering innovations at Aquatherm Tashkent 2025, the only specialised exhibition in Uzbekistan showcasing full range of heating, ventilation, air conditioning, water supply, sanitation.
Register
October 10, 2025 International Employer Brand Summit
the EMBRAS Summit will gather HR leaders, top managers, and sustainability experts to explore how people, culture, and technology drive competitiveness. The program features practical cases on AI, ESG, leadership, and corporate culture, along with insights from major companies reshaping their HR processes. The day will conclude with the EMBRAS Awards 2025.
Register
October 14-16, 2025 The Premier Trade Fair for Home and Interior Textiles in Central Asia
Heimtextil Uzbekistan. The largest interior and contract textiles exhibition in Central Asia. Key product groups include: home textiles (bed linen, towels, curtains, tablecloths); decorative and upholstery fabrics; carpets and floor coverings; textiles for hotels, restaurants, and HoReCa projects. Heimtextil Uzbekistan connects leading manufacturers and distributors with designers, architects, hoteliers, and wholesale buyers, serving as the main sourcing hub for interior and contract textile solutions.
Register
October 14-16, 2025 The Leading Sourcing Platform for Fabrics, Trims, and Textile Innovations
Texworld Tashkent. An international trade fair for fabrics, trims, and accessories for the textile and apparel industry. Exhibitors will showcase:
cotton, wool, silk, linen, denim, and knitwear; innovative and functional fabrics (sportswear, technical, eco-friendly materials); yarns, lace, ribbons, buttons, zippers, and other trims. Texworld Tashkent is a key meeting point for factories, ateliers, fashion brands, and sourcing professionals looking for reliable suppliers and new material collections.
Register
October 14-16, 2025 The International Hub for Apparel Sourcing, Contract Manufacturing, and Private Label
Apparel Sourcing Tashkent. An international platform for ready-made garments, contract manufacturing, and private label services. Highlights include: men’s, women’s, and children’s clothing (casual, sports, evening wear); accessories such as footwear, bags, scarves, and headwear; outsourcing factories offering private label and OEM/ODM services. Apparel Sourcing Tashkent bridges manufacturers with retailers, wholesalers, and marketplaces, opening new opportunities for international cooperation.
Register
October 20, 2025 Annual Fintech & Banking Forum
Join for a day of cutting-edge insights and expert discussions on the latest fintech trends. Hear from industry leaders and keynote speakers as they share practical cases and knowledge on:
- Artificial Intelligence (AI)
- Buy Now, Pay Later (BNPL)
- Open API
- Fraud prevention & Cybersecurity and much more
Registration is required via the link
For sponsorship opportunities, please contact at contact@fintechassociation.com
October 22-24, 2025 Ethics, Risk & Compliance Management
Gain practical knowledge, templates, and ready-made solutions from trainers with global experience. Choose from two modules: Foundations of Compliance (22 Oct) or a Full 3-day Compliance Program (22–24 Oct).
A 10% discount will be extended to all EUROUZ members who register for this training.
Register to attend
November 29 - December 1, 2025 Swiss Days in Uzbekistan 2025
Swiss and Lichtenstein SMEs exploring opportunities in Uzbekistan and in Central Asia are invited to join in driving Swiss innovation into the heart of Uzbekistan — a fast-emerging market with immense untapped potential.
The events of Swiss Days in Uzbekistan will potentially help the participating companies in positioning and strengthening visibility in highly competitive market.
Register (Swiss & Lichtenstein businesses only). A registration for international companies and for Uzbekistan companies will be separately organized by EUROUZ.

EUROUZ & MEMBER NEWS

Uzbekistan Airways Expands Fleet with Boeing 787-9 Dreamliners
Uzbekistan Airways and Boeing (EUROUZ members) have signed a firm contract for the delivery of 14 Boeing 787-9 Dreamliner aircraft, with an additional 8 units secured as options. Deliveries are scheduled to begin in 2031. Since 2016, Uzbekistan Airways has remained the only operator of Dreamliner aircraft in Central Asia, and this new order further consolidates its position as a leading regional carrier.
EUROUZ Member, UzMRC and ADB Partner to Expand Inclusive Mortgage Market in Uzbekistan
The Asian Development Bank’s quarterly magazine Private Sector Perspectives highlights the partnership between ADB and UzMRC under the “Inclusive Mortgage Market Development Project.” In the feature, UzMRC CEO Murodjon Farmanov notes that the collaboration is helping expand access to affordable housing finance, particularly for low- and middle-income households, while improving transparency and sustainability in the mortgage system.
EUROUZ Member, UzMRC and EBRD Sign Strategic Cooperation Agreement
The Uzbekistan Mortgage Refinancing Company (UzMRC) and the European Bank for Reconstruction and Development (EBRD) have signed a strategic cooperation agreement to strengthen financial collaboration.
During the meeting, led by UzMRC CEO Murodjon Farmanov and EBRD Director for Financial Institutions in Central Asia George Orlov, the parties discussed UzMRC’s funding mechanisms, international cooperation, and mortgage market development.
EUROUZ Member, Ahlers Logistics Expands Warehousing Footprint in Kazakhstan with New Facility in Almaty
Ahlers Logistics, a Belgian supply chain solutions provider with 30 years of presence in Central Asia, continues to enhancing its footprint in the region. In 2023, Ahlers successfully supported a leading heavy machinery manufacturer by launching a warehouse in Karaganda. Now, the company is launching a second facility in Almaty. The new warehouse adds 7,000 sqm (or 7,000 Euro-pallet positions) of premium storage capacity. Strategically located along the Almaty–Zhetygen highway, with direct rail connection, the site is designed to enhance cross-border logistics efficiency along the vital Western Europe–Western China corridor.
Charitable Initiative: EUROUZ Member, Toyota Uzbekistan Builds Water Treatment Plant in Chimbay
On September 26, 2025, Toyota Uzbekistan (Summit Motors Central Asia LLC), as part of its charitable initiative, supported the construction of a water treatment plant in the Toza Zhol mahalla in the city of Chimbay in the Republic of Karakalpakstan. More than 600 people gained access to clean drinking water. The schoolchildren were also given books and sweets.
EUROUZ Member, BAT Uzbekistan reflects on one year of Omni™ and the path towards science-based policy
September 2025 marked one year since the global launch of Omni™, BAT’s science-based platform dedicated to advancing dialogue on Tobacco Harm Reduction (THR). Unveiled in London in 2024, Omni™ consolidates independent research, industry studies, and real-world data to support policy makers, regulators, and public health stakeholders in shaping informed, evidence-led strategies. In May 2025, Uzbekistan became the first country in Central Asia to host the official launch of Omni™. BAT Uzbekistan organized an international press conference in Tashkent on the scientific foundations of harm reduction, bringing together regulators, health experts, academics, and media representatives. The event underscored Uzbekistan’s inclusion in a global conversation on how science can inform approaches to reducing the harms of tobacco use. Omni™ addresses some of the most pressing questions about smokeless products, including their risks compared to cigarettes, the role of flavours, and concerns about underage access. It also highlights examples of countries that have successfully embraced Tobacco Harm Reduction. By compiling hundreds of independent studies alongside BAT’s own research, Omni^TM highlights the scientific evidence and real-world example on the smokeless alternatives collected over a decade[1]. The platform underscores that the fastest route to a Smokeless World is through encouraging adult smokers who would otherwise continue to smoke to switch to scientifically substantiated, reduced-risk alternatives[2].
For more information, visit www.asmokelessworld.com.
15 Years of EUROUZ Member, CLAAS Agro in Uzbekistan: New Production Facility Opened in Chirchik
CLAAS Agro is celebrating its 15th anniversary in Uzbekistan with the official opening of a new production facility in Chirchik, near Tashkent. The company’s commitment has always been guided by a sustainable approach, a hallmark of many family-owned enterprises from Germany. Uzbekistan aims to significantly expand and modernize its agricultural sector — including with technology and expertise from Germany.
EUROUZ Member, EBRD to Provide Up to US$17.5 Million to TCG for Cable Production Expansion
The European Bank for Reconstruction and Development (EBRD) continues to support the development of green energy infrastructure in Uzbekistan and the country’s national decarbonization goals by financing Techno Cable Group (TCG), a company specializing in the production of copper and aluminum electrical cables for power systems and renewable energy projects.
TCG, which manufactures over 3,000 types of cables with various PVC insulation, will receive an EBRD loan of up to US$17.5 million to expand production capacity and ensure working capital.
EUROUZ Member, Beeline Uzbekistan at ICT Week 2025: Driving Innovation and Connectivity
From 23 to 26 September, the Central Asian Expo Uzbekistan (CAEx) in Tashkent became a platform for dialogue on the future of digital transformation and economic growth, as well as a venue for presenting cutting-edge solutions that shape the ecosystem of “Digital Uzbekistan.” ICT Week 2025 is the country’s flagship event in the information technology sector, annually uniting entrepreneurs, investors, IT industry leaders, and government representatives.
EUROUZ Member ACWA Power to Expand Uzbekistan Energy Portfolio to 10 GW
Saudi Arabia’s ACWA Power has announced plans to increase its total energy production capacity in Uzbekistan from the current 3.5–4 GW to 10 GW, reinforcing its role as the country’s largest foreign energy investor. CEO Marco Arcelli confirmed that the company will prioritize the implementation of ongoing projects while assessing new areas with high energy demand.
EUROUZ welcomes new member – UET Construction
UET Construction is building transformative infrastructure that drives progress across the country. Founded in 2023 and headquartered in Tashkent, UET Construction is one of Uzbekistan’s most ambitious EPC (Engineering, Procurement and Construction) companies.
EUROUZ welcomes new member – BeOne
BeOne Uzbekistan was founded in 2023. They provide a wide range of high-quality consulting services to local and foreign companies doing business in Uzbekistan and other countries. Their team is a unique blend of global expertise and local insight. Before joining BeOne, their people worked at various domestic and international companies, including Big Four firms.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan and Albania Deepen Political Dialogue and Economic Cooperation

On 23 September, during the UN High-Level Week in New York, President Shavkat Mirziyoyev met with Albanian President Bajram Begaj to discuss prospects for expanding bilateral cooperation. The leaders emphasized the importance of developing mechanisms for political dialogue and intensifying collaboration across trade, investment, and cultural-humanitarian exchanges.

Uzbekistan and Latvia Advance Cooperation on Labor Migration
On 18 September, Deputy Foreign Minister Olimjon Abdullaev met with Latvian Ambassador Ģirts Jaunzems to review progress on labor migration cooperation following Uzbekistan’s delegation visit to Latvia earlier this year. The sides agreed to accelerate Latvia’s consideration of a draft intergovernmental labor migration agreement and to hold consular consultations between their foreign ministries to facilitate next steps.

UK to Expand Seasonal Work Quotas for Uzbek Migrants

Uzbekistan’s Migration Agency and Embassy in London held talks with the UK’s Association of Labour Providers (ALP) and the Gangmasters and Labour Abuse Authority (GLAA), resulting in a memorandum of cooperation on labor migration. The UK confirmed plans to increase seasonal worker quotas for Uzbek citizens in agriculture and other sectors, while ensuring organized recruitment and protection of workers’ rights. The agreement also foresees partnerships with additional seasonal operators, marking a new stage in bilateral labor cooperation.

Uzbekistan Expands Financial and Investment Partnerships in Germany

On 29 September 2025, Minister of Investment, Industry and Trade Laziz Kudratov attended the annual meeting of the World Alliance of International Financial Centers in Germany, where he held high-level talks with government officials, banks, and investors. The visit featured a Memorandum of Cooperation with Frankfurt Main Finance to support Uzbekistan’s financial sector development, negotiations with Deutsche Bank, and discussions with Vietnam’s First Deputy Prime Minister Nguyen Hoa Binh on expanding economic ties. A joint forum with Franklin Templeton explored financing opportunities for the Uzbekistan National Investment Fund, while the Commerzbank forum “Growth Partner Uzbekistan – Strategy, Projects, Performance” highlighted new project financing mechanisms in energy, infrastructure, finance, and industrial production. The meetings underscored Uzbekistan’s drive to strengthen partnerships with leading European and global financial institutions.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Prime Minister Aripov Attends CIS Heads of Government Meeting in Minsk

On 29 September 2025, Prime Minister Abdulla Aripov led Uzbekistan’s delegation to the CIS Council of Heads of Government meeting in Minsk, attended by the heads of government of Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and other member states. The agenda covered 15 key items on socio-economic development, digitalization, science and technology, and regional cooperation. Participants approved strategies on science and technology (2026–2035), digital transport corridors, and digital economy development, as well as agreements on forestry, construction pricing, nuclear energy, and locust prevention. The session also endorsed the CIS Economic Development Strategy (Phase II to 2030) and preparations for the Year of Health Protection in 2026. The next meeting will take place in Turkmenistan in the first half of 2026.

Uzbekistan and Kazakhstan Sign Memorandum on Telecommunications and Cybersecurity Cooperation

During ICT Week Uzbekistan 2025 in Tashkent, the Republican Center for Management of Telecommunications Networks of Uzbekistan and Kazakhstan’s ATS Mediafon KZ signed a Memorandum of Cooperation to strengthen collaboration in telecommunications management, cybersecurity, and banking anti-fraud systems. The agreement provides for the exchange of expertise, joint project development, and coordinated efforts to enhance the reliability of telecom services while protecting users from fraud and unlawful transactions, reflecting the two countries’ commitment to advancing regional digital integration.

1.3 RUSSIA & CHINA

Russia’s New Ambassador Presents Credentials to Uzbekistan’s Foreign Minister

Foreign Minister Bakhtiyor Saidov received copies of credentials from Alexey Yerkhov, the newly appointed Ambassador of Russia to Uzbekistan, marking the official start of his diplomatic mission. During the meeting, the sides exchanged views on strengthening the Uzbekistan–Russia strategic partnership and alliance, with Saidov expressing hope for closer cooperation across all areas. Yerkhov succeeds Oleg Malginov, who had served as Russia’s ambassador since 2021.

Chinese Investors Propose Renewable Energy, Machinery, and Pharmaceutical Projects in Fergana

Governor Khayrullo Bozorov held talks with several Chinese delegations that proposed new investments in the Fergana region, including the construction of a wind power plant in Besharyk, production of solar panels, smart meters, and water technologies, and the establishment of a pharmaceutical cluster to manufacture over 130 types of medicines using local raw materials. Updates were also presented on the ongoing agricultural machinery plant in Kuvasay, while additional proposals covered the production of special machinery for construction, utilities, and firefighting. The initiatives highlight growing Chinese interest in advancing Fergana’s renewable energy, industrial, and healthcare sectors.

Uzbekistan Increases Gas Exports to China by 40% in 2025

According to data from the National Statistics Committee and Chinese customs, Uzbekistan boosted its natural gas exports to China by more than 40% in January–August 2025, reaching $563 million, while gas imports from Turkmenistan and Russia declined by 27.9% to $886 million. Despite the rise in exports, Uzbekistan imported more gas than it exported during the period, reflecting continued domestic supply challenges. Monthly figures showed exports peaking at over $105 million in April, before moderating in the summer months. China remains Uzbekistan’s primary gas export destination, with Russia and Turkmenistan still the top overall suppliers to the Chinese market.

Uzbekistan Update: September 1 - 15, 2025

Thu, 18 Sep 2025 11:41:29 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

October 23, 2025 Uzbekistan Economic Days in Europe - The Flagship Event of the Year
October 22-24, 2025 Ethics, Risk & Compliance Management
Gain practical knowledge, templates, and ready-made solutions from trainers with global experience. Choose from two modules: Foundations of Compliance (22 Oct) or a Full 3-day Compliance Program (22–24 Oct).
A 10% discount will be extended to all EUROUZ members who register for this training.
Register now
September 26, 2025 Intellectual Property & Competition Committee Meeting
EUROUZ is pleased to invite you to the upcoming meeting of the Intellectual Property & Competition Committee. This session will bring together legal experts and business leaders to discuss key IP and competition challenges in Uzbekistan, set priorities for 2025, and kick off new working groups. It will also mark the start of the Committee’s event program for the coming months. We look forward to active participation and valuable input from our members as we shape the Committee’s agenda together.
Register here
Ahead of the meeting, we kindly ask all members to complete a short survey to help us better understand your needs and expectations: Take the survey
EUROUZ Members Are Invited to Plastex Uzbekistan 2025!
Iteca Exhibitions is pleased to invite specialists to the 15th Anniversary International Exhibition on the Plastics and Polymers Industry – Plastex Uzbekistan 2025, the region’s largest platform for plastics, polymers, packaging, and printing technologies. The event brings together leading global suppliers and manufacturers of polymer raw materials, tools, and equipment to present their latest products and innovations.
Register and get your online badge
September 23-26, 2025 ICT Week Uzbekistan 2025
As a strategic platform, ICT WEEK Uzbekistan 2025 brings together decision-makers, thought leaders, and visionaries from across the globe to explore investment opportunities, build lasting partnerships, and accelerate the digital future of Central Asia.
Register here
Eurasian Pharmaceutical Summit & Eurasian Pharma Awards 2025
Global Pharmaceutical Leaders’ Club invites you to the 6th Eurasian Pharmaceutical Summit, bringing together key players from 11 countries across Central Asia, the Caucasus, and Eastern Europe. Thanks to its geographical scope, this summit is the only platform where development trends in both the public and commercial segments across the majority of the region can be discussed in one place.
Take a look at the summit agenda
Register now and receive a 15% discount using VIP Code: EUROUZ15
October 20, 2025 Annual Fintech & Banking Forum
Join for a day of cutting-edge insights and expert discussions on the latest fintech trends. Hear from industry leaders and keynote speakers as they share practical cases and knowledge on:
- Artificial Intelligence (AI)
- Buy Now, Pay Later (BNPL)
- Open API
- Fraud prevention & Cybersecurity and much more

Registration is required via the link
For sponsorship opportunities, please contact at contact@fintechassociation.com

EUROUZ & MEMBER NEWS

Uzbekistan’s Green Transition & Access to Global Finance: Experience of SOEs and Implications for Private Businesses
On 16 September 2025, EUROUZ, together with partners Infrasia Capital, Finasia Capital, NAII, IMRS, and the Chamber of Commerce and Industry of Uzbekistan, successfully hosted the high-level open forum “Uzbekistan’s Green Transition & Access to Global Finance: Experience of SOEs and Implications for Private Businesses” in Tashkent.
Event photos
Press Release
EUROUZ Member AUIC Approves $80M Projects to Boost Regional Growth
The Azerbaijan-Uzbekistan Investment Company (AUIC) has approved projects worth over USD 80 million across manufacturing, education, and healthcare. Established in 2023, AUIC targets financing of USD 1–25 million per deal and plans to finalize at least six transactions by the end of 2025. The initiative supports deeper economic integration and sustainable growth between the two countries. AUIC will continue expanding its project pipeline, aiming to boost annual investment volume and cross-border business cooperation.
EUROUZ Member Infrasia Capital CEO Odilbek Isakov on Uzbekistan’s Bond Market Rise
Odilbek Isakov, CEO and Co-Founder of Infrasia Capital and Managing Director of Finasia Capital, authored an analysis calling Uzbekistan the “Rising Star of CIS Bond Markets.” He noted issuance volume jumped 50% year-on-year to USD 3.7 billion in Jan–July 2025, backed by reforms, credit upgrades, and growing investor appetite. Uzbekistan’s proactive use of Eurobonds, local-currency tranches, and ESG debt has broadened its investor base. The trend positions the country as a benchmark for CIS peers, with further corporate issuances expected in coming quarters.
EUROUZ Member CAU to Open 120-Bed Hospital with Cleveland Clinic
Central Asian University (CAU) has signed a strategic agreement with Cleveland Clinic under the Cleveland Clinic Connected program to establish a 120-bed hospital on its medical campus in Tashkent. The partnership will cover facility design, medical training, nursing school setup, simulation center development, and physician recruitment. The hospital is expected to serve up to 269,000 patients annually and will follow Cleveland Clinic’s care model. Construction begins this year, with CAU preparing to complete all quality assessment stages to join the Connected network.
EUROUZ Member ACWA Power to Build Central Asia’s First Wind + Battery Plant
ACWA Power has secured a $51 million financing package with the Asian Development Bank (ADB) to develop the Nukus 2 wind farm and a 100 MWh battery storage system in Karakalpakstan, Uzbekistan. The project will add 200 MW of clean capacity, generate about 728,000 MWh annually, and cut more than 406,000 tonnes of CO₂ emissions. It will also include new transmission infrastructure to improve grid stability. Construction marks a milestone in Uzbekistan’s renewable strategy, with operations expected to start by 2027–28.
EUROUZ Member NAII Signs Strategic Cooperation with CAFA
The National Agency for Innovative Initiatives (NAII) has signed a strategic cooperation memorandum with the Central Asian Football Association (CAFA) to boost youth football development and innovation in Uzbekistan. The agreement includes joint training programs, talent identification systems, and infrastructure support. The partnership aims to enhance match organization, referee education, and analytics capacity at both national and regional levels.
EUROUZ Member Ipoteka Bank Writes Off $11.8M in Textile Loans
Ipoteka Bank has approved the write-off of $11.8 million in bad loans issued to the Parvoz Xumo Ravnaq Trans textile group and its affiliates. This follows earlier decisions that bring the group’s total written-off debt to around $22.5 million. The bank also reported losses of $26.5 million in the first half of 2025, making it the most loss-making bank in Uzbekistan over the period. The write-off is part of efforts to clean up the balance sheet and restore financial stability.
EUROUZ welcomes new member – White Hill law firm
White Hill law firm specializes in brand protection and business law. Managed by Sherzod Utkirkhujaev, a prominent IP lawyer, they help businesses secure their brands, innovations, and legal standing in the marketplace supported by their deep expertise in intellectual property and business law.
EUROUZ welcomes new member: Tashkent International Arbitration Centre (TIAC)
In the context of the growing role of arbitration as one of the key mechanisms for resolving commercial disputes, the Tashkent International Arbitration Centre (TIAC), acting as one of the main organizers of Uzbek Arbitration Week, provides an effective and institutionally independent infrastructure for their resolution.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbek Workers Fill Gap as Bulgarian Population Shrinks
Around 20,000 Uzbek workers have filled labor shortages in Bulgaria, particularly in agriculture, tourism, and hospitality. Employers highlight their reliability and note that stable salaries in Bulgaria attract many Uzbeks compared to irregular work opportunities at home. The inflow helps Bulgaria mitigate the economic effects of its shrinking workforce, ensuring seasonal production and services remain operational. For Uzbekistan, these jobs provide vital remittances that support household incomes and ease domestic unemployment pressures. Both governments are preparing agreements to regulate recruitment, streamline permits, and expand cooperation in labor mobility.

Date Set for Uzbekistan to Sign Enhanced Partnership Agreement with EU
Uzbekistan and the European Union will sign the Enhanced Partnership and Cooperation Agreement (EPCA) in Brussels on October 24, 2025, with President Shavkat Mirziyoyev expected to attend. The EPCA replaces the 1999 agreement, expanding cooperation in trade, competition, customs, migration, and security. Negotiated since 2019 and initialed in 2022, it integrates WTO-aligned rules and establishes mechanisms for dispute resolution and regulatory convergence. TFollowing the signing, both sides will begin adapting domestic legislation and launching joint structures to oversee its implementation.

EU Expects Uzbekistan to Sign EPCA in Brussels October 24
The EU has confirmed that Uzbekistan’s President will be invited to Brussels on October 24, 2025, to sign the Enhanced Partnership and Cooperation Agreement (EPCA). The agreement expands bilateral cooperation into areas such as customs, investment, migration, and border security, while replacing the outdated 1999 framework. Negotiations began in 2019 and concluded in 2022, but the signing was delayed by the pandemic and administrative processes. The EPCA is important for Uzbekistan as it strengthens trade, improves investment conditions, and aligns its rules with international standards.

European Union Launches First Ever Migrant Resource Centre in Uzbekistan

The EU, together with Uzbekistan’s Migration Agency and ICMPD, opened the country’s first Migrant Resource Centre (MRC) in Tashkent on August 26, 2025. The centre will provide counselling, job information, and advice on safe and legal migration to prospective migrants, returnees, and families. It also raises awareness of risks such as human trafficking and irregular migration, complementing an MoU signed in March 2025. Expansion of MRC services to regional offices is planned, widening outreach and support across the country.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Uzbekistan to Supply 900 million kWh Electricity to Kazakhstan in 2026
Uzbekistan will export 900 million kWh of electricity to Kazakhstan from March through December 2026, under a bilateral agreement struck during talks in Cholpon-Ata. The arrangement aims to cover anticipated power shortages in Kazakhstan’s southern energy region while some of its power plants undergo scheduled maintenance. A trilateral meeting with Kyrgyzstan also resulted in protocols to balance water and energy use in the region. Under those arrangements, Kyrgyzstan will release water from the Toktogul Reservoir in exchange for electricity supplied by Uzbekistan and Kazakhstan.

1.3 RUSSIA & CHINA

Uzbekistan, China Boost “All-Weather Strategic Partnership”

Uzbekistan Update: August 15 - 31, 2025

Fri, 05 Sep 2025 11:31:09 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

September 9 - 11, 2025 Cutting-Edge European Technologies at CAITME 2025
The Central Asian International Textile Machinery Exhibition traditionally brings together global leaders in textile and garment machinery and technologies. In 2025, a significant part of the exhibition will feature innovative European companies from Austria, Belgium, Germany, Greece, Denmark, Italy, Portugal, the Czech Republic, Sweden, Switzerland, showcasing their latest solutions.

Date: 9–11 September 2025
Venue: Uzexpocentre NEC, Tashkent
Register and get your online badge
September 16, 2025 Uzbekistan’s Green Transition & Access to Global Finance: Experience of SOEs and Implications for Private Businesses
This high-level session will bring together financial institutions, regulators, and international experts to discuss Uzbekistan’s new climate legislation, explore practical opportunities in attracting finance, including green finance and share case studies from major SoEs on leveraging capital markets.
Register here
September 23-24, 2025 Dentons is pleased to invite to an English law workshop led by Louis Skyner and Mark Withey in Tashkent
The workshop will be on the use of Share Purchase Agreements (SPAs) (and Disclosure Letters) and Shareholders Agreements (SHAs) governed by English law in cross-border transactions. The workshop will aim to: show how such SPAs and SHAs are structured and function mechanically; highlight where and how the main risks are dealt with; and consider how these risks can (or cannot) be apportioned to match commercial expectations.
Registration: Please confirm your participation by 15 September 2025 via tashkent@dentons.com.
Seats are limited and will be confirmed on a first-come basis.
September 24, 2025 Trust Through Culture: How Creative Industries and Cultural Diplomacy Build National Reputation (Breakfast Event)
This event aims to bring together communications professionals, cultural institutions, corporate leaders, and policymakers to explore how investments in the arts and culture contribute to a country's international image, sustainable tourism, and long-term stakeholder engagement.

Register here
September 23-26, 2025 ICT Week Uzbekistan 2025
As a strategic platform, ICT WEEK Uzbekistan 2025 brings together decision-makers, thought leaders, and visionaries from across the globe to explore investment opportunities, build lasting partnerships, and accelerate the digital future of Central Asia.
Register here
September 26, 2025 Intellectual Property & Competition Committee Meeting
EUROUZ is pleased to invite you to the upcoming meeting of the Intellectual Property & Competition Committee. This session will bring together legal experts and business leaders to discuss key IP and competition challenges in Uzbekistan, set priorities for 2025, and kick off new working groups. It will also mark the start of the Committee’s event program for the coming months. We look forward to active participation and valuable input from our members as we shape the Committee’s agenda together.

Register here
Ahead of the meeting, we kindly ask all members to complete a short survey to help us better understand your needs and expectations: Take the survey
October 20, 2025 Annual Fintech & Banking Forum
Join for a day of cutting-edge insights and expert discussions on the latest fintech trends. Hear from industry leaders and keynote speakers as they share practical cases and knowledge on:
- Artificial Intelligence (AI)
- Buy Now, Pay Later (BNPL)
- Open API
- Fraud prevention & Cybersecurity and much more

Registration is required via the link
For sponsorship opportunities, please contact at contact@fintechassociation.com
October 23, 2025 Uzbekistan Economic Days in Europe - The Flagship Event of the Year
On October 23, 2025, Brussels will host the Uzbekistan Economic Days in Europe – the premier annual platform uniting top business and government leaders from Europe and Uzbekistan.
Register now
Sponsorship opportunities are now open
October 22-24, 2025 Ethics, Risk & Compliance Management
Gain practical knowledge, templates, and ready-made solutions from trainers with global experience. Choose from two modules: Foundations of Compliance (22 Oct) or a Full 3-day Compliance Program (22–24 Oct).
Register now

EUROUZ & MEMBER NEWS

EUROUZ Participated in the Annual Presidential Meeting with Uzbekistan’s Business Community
On 20 August 2025, the EUROUZ Secretary General took part in the fifth annual meeting of the President of Uzbekistan with the country’s business community, joining around 200 of Uzbekistan’s leading entrepreneurs. The over four-hour session provided a unique platform for businesses to directly present their challenges, proposals, and development priorities to the President and government officials.
EUROUZ Facilitates Dialogue Between Members and Government Institutions
On August 21, 2025, the Europe-Uzbekistan Association for Economic Cooperation (EUROUZ), upon the request of its members, organized a meeting with representatives of the Secretariat of the Foreign Investors Council under the President of Uzbekistan, the Ministry of Investments, Industry and Trade, and the Ministry of Ecology.
EUROUZ Member Ahlers Logistics Appoints New CEO to Accelerate Global Expansion Strategy
Antwerp-based Ahlers Logistics named Dave Van den Bos as its new CEO to lead the company’s international growth and strengthen its project logistics division. Van den Bos brings over 20 years of experience in global logistics leadership, having served in senior roles at Halliburton, Panalpina, and Blue Water Shipping. His appointment supports Ahlers' strategic focus on high-value logistics services across Europe, CIS, and Asia, backed by long-term family shareholders.
EUROUZ Member Iteca Welcomes IP Law Reform to Curb Unfair Competition
On August 8, 2025, Uzbekistan adopted Law No. ZRU-1080, introducing major reforms to intellectual property protection, including faster registration, simplified procedures, and stricter liability for violations. EUROUZ member Iteca Exhibitions highlighted the law’s relevance in combating unfair practices in Uzbekistan’s exhibition industry, where brand misuse and IP violations have been widespread. The reform aims to foster fair competition, protect reputable organizers, and enhance investor confidence across key sectors of the national economy.
EUROUZ Annual Back to Work Jazz Evening 2025
On 2 September 2025, the EUROUZ community came together for one of the most anticipated highlights of our calendar — the Annual Back to Work Jazz Evening. The evening welcomed around 180 distinguished guests, including senior executives, business leaders, and valued members. Guests enjoyed an atmosphere where business networking met cultural sophistication — highlighted by captivating live jazz performances, an elegant cocktail reception, and the joy of reconnecting after the summer season.
Event photos
Press Release
EUROUZ Corporate Governance Update | 2025–2026
As of September 1, 2025, the newly elected EUROUZ Board of Directors has officially commenced its mandate following the Annual General Meeting 2025, guiding the association into its next chapter and strengthening Europe–Uzbekistan relations.
New Board of Directors (2025–2026)
Ketevan Antidze — Director, Senior Representative, Commerzbank AG Representative Office Tashkent
Andi Aranitasi — Director, Head of Uzbekistan, European Bank for Reconstruction and Development (EBRD)
Chahine Boutouila — Development Director for Central Asia, Veolia
Abdulkhamid Muminov — Partner, Tax, Legal & People Services Leader in Eurasia, PwC Central Asia & Caucasus
Pierre-Paul Antheunissens — General Director, EDF Central Asia
Oybek Shaykhov — CEO, East-West Group and EUROUZ Secretary General
Zafar Vakhidov — Partner, Vakhidov & Partners
Prof. Dr. Klaus Mangold — Chairman, Mangold Consulting GmbH, EUROUZ Co-Founder and First Board Chairman
H.E. Toivo Klaar, EU Ambassador to Uzbekistan, continues as a permanent non-voting member, representing the European Union.
To ensure strategic continuity and balanced governance, the elected members of both the incoming and outgoing Boards unanimously invited Prof. Dr. Klaus Mangold—who received the next highest number of votes—to continue as the 8th voting member, recognizing his pivotal role since EUROUZ’s founding. With the Secretary General now joining the Board as the 7th voting member, this appointment, validated against the statutory mandate of the EUROUZ Board, helps maintain the Board’s neutrality and ensures that no single executive position can hold a deciding vote in case of a tie.
Additionally, starting in September 2025, EUROUZ will begin implementing the Annual General Meeting’s decision to establish the Board of Advisors, representing the national chambers of commerce within EUROUZ’s membership, further enhancing the association’s governance and strategic representation.
With these updates, EUROUZ strengthens its corporate governance framework and remains committed to delivering long-term value, fostering impactful partnerships, and advancing the interests of its members.
Press Release
EUROUZ welcomes new member - Mortgage Refinancing Company of Uzbekistan (UzMRC)
Established in November 2019 year, the Mortgage Refinancing Company of Uzbekistan (UzMRC) is headquartered in Tashkent, Uzbekistan. The company operates in the financial services industry, specializing in mortgage refinancing. Its main activity includes providing homeowners with better terms through refinancing, helping make homeownership more affordable in Uzbekistan.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

President of Uzbekistan will travel to Brussels on October 24, 2025
Uzbek President Shavkat Mirziyoyev will travel to Brussels on October 24, 2025, for a key meeting with European Council President António Costa to sign the Agreement on Enhanced Partnership and Cooperation. This new document will elevate EU–Uzbekistan relations, building upon the EU–Central Asia Strategic Partnership launched at the Samarkand summit earlier this year. The agreement spans broad areas including trade, technical regulation, and dispute settlement, marking a shift beyond the existing 1999 framework. The move underscores deepening political and economic ties between the EU and Uzbekistan. Final negotiations and preparations are expected to conclude ahead of the signing.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Kyrgyzstan and Uzbekistan Draft Mutual Pension Recognition Pact
Kyrgyzstan and Uzbekistan signed a draft agreement in Tashkent to mutually recognize pension service periods, ensuring that employment history in either country counts toward pension eligibility. The deal allows pension payments regardless of current country of residence and removes delivery cost deductions. It prevents double contributions and coordinates state social insurance systems. The arrangement will advance social security rights and facilitate cross-border economic cooperation. Implementation details are expected from both governments following final reviews.

Saida Mirziyoyeva Meets President Japarov in Bishkek

Head of Uzbekistan’s Presidential Administration Saida Mirziyoyeva held talks in Bishkek with Kyrgyz President Sadyr Japarov, describing the meeting as warm, open, and trusting. They reaffirmed cooperation on border management, mutual recognition of national IDs, and joint infrastructure projects such as Kambarata HPP‑1 and the China–Kyrgyzstan–Uzbekistan railway. The two leaders also praised cultural initiatives like the “Zakovat” intellectual game to strengthen youth ties. This dialogue reinforces longstanding neighborly relations and strategic partnership. Further collaborative efforts are anticipated in upcoming joint projects.

Uzbekistan, Turkmenistan, Azerbaijan Hold Summit in Awaza

On August 22, leaders from Uzbekistan, Turkmenistan, and Azerbaijan convened in Turkmenistan’s Awaza tourism zone for a trilateral summit focused on economic cooperation. They signed multiple documents to enhance trade, transport, energy, and humanitarian collaboration. Uzbekistan's President Mirziyoyev also held bilateral meetings during the summit to further regional coordination. The gathering highlights a shared commitment to deepening multilateral ties in Central Asia. Follow‑up actions will be coordinated through intergovernmental mechanisms and project roadmaps.

Mirziyoyev and Berdimuhamedov Strengthen Strategic Ties
President Shavkat Mirziyoyev met with Turkmenistan leader Gurbanguly Berdimuhamedov in Awaza to discuss expanding strategic partnership across multiple sectors. They highlighted bilateral trade reaching approximately $700 million this year and noted the operation of a free trade regime and trade houses in both capitals. Plans to launch the Shavat–Dashoguz trade zone were confirmed, alongside emphasis on industrial, energy, transport, and water cooperation. The meeting underscored coordinated preparations for regional leadership consultations and trilateral frameworks. Governments will now advance these agreements through structured intergovernmental coordination.

Three Nations Agree to Expand Transit Corridor Cooperation
Uzbekistan, Turkmenistan, and Azerbaijan adopted a joint statement in Awaza to expand cooperation in transit corridors, logistics, and transportation links. They signed memorandums covering transport, shipbuilding, civil aviation, and cooperation between commodity exchanges. Discussions focused on integrating transport routes and optimizing ports of Turkmenbashi and Baku to enhance regional connectivity. Agreed measures also address energy cooperation, industrial cooperation, tourism, cultural exchange, and environmental collaboration. Governments will now implement these agreements following a detailed “roadmap” to drive regional integration.

Central Asia Launches Regional Contact Group on Afghanistan
Uzbekistan initiated the first meeting of a regional contact group on Afghanistan, bringing together special representatives from Uzbekistan, Kazakhstan, Kyrgyzstan, and Tajikistan in Tashkent on August 26, 2025. The group is designed as an independent regional platform for dialogue on Afghanistan-related issues, emphasizing security, stability, and sustainable development. Participants agreed to develop common and realistic regional approaches, focusing on restoring trade, transport links, and cultural cooperation. The group will hold regular sessions, aligned with broader Central Asian consultative mechanisms.

Kazakhstan–Uzbekistan Parliamentary Roadmap 2025–2026

Kazakhstan’s Senate Chairman Maulen Ashimbayev and Uzbekistan’s Senate Chairperson Tanzila Narbayeva signed a roadmap in Astana for inter‑parliamentary cooperation spanning 2025–2026. The agreement outlines shared priorities in water‑energy, transport‑logistics, environment, agriculture, education, and digitalization, reflecting the Strategic Partnership adopted during President Mirziyoyev’s 2023 state visit. Narbayeva also received the Order of Dostyk (Friendship), 2nd degree, from President Kassym‑Jomart Tokayev, recognizing her contributions to regional cooperation. Next steps include joint events, legislative coordination, and engagement in spiritual diplomacy.

1.3 RUSSIA & CHINA

Uzbekistan and Russia Develop $3.5B Technopark Projects

Uzbekistan Update: August 1 - 15, 2025

Tue, 19 Aug 2025 11:42:20 GMT

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Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

August 29, 2025 Annual Back to Work Jazz Night
EUROUZ is delighted to invite members to the Annual Back to Work Jazz Night, an elegant evening designed to blend professional networking with cultural sophistication. Guests will enjoy a live jazz performance in a refined and atmospheric setting. Whether you’re looking to establish new partnerships, catch up with peers, or simply enjoy a refined evening of music and conversation - this night is for you.
Spaces are limited. Early registration is highly recommended.
Register here
September 17, 2025 Uzbekistan’s Green Economy & Access to Global Financial Markets
EUROUZ is pleased to invite you to the Open Forum of the ESG and Banking, Regulation & Economic Affairs Committees. This high-level session will bring together financial institutions, regulators, and international experts to discuss Uzbekistan’s new climate legislation adopted in July 2025, explore practical opportunities in green finance, and share case studies from major SOEs on leveraging capital markets.
Register here
September 26, 2025 Intellectual Property & Competition Committee Meeting
EUROUZ is pleased to invite you to the upcoming meeting of the Intellectual Property & Competition Committee. This session will bring together legal experts and business leaders to discuss key IP and competition challenges in Uzbekistan, set priorities for 2025, and kick off new working groups. It will also mark the start of the Committee’s event program for the coming months. We look forward to active participation and valuable input from our members as we shape the Committee’s agenda together.

Register now
Ahead of the meeting, we kindly ask all members to complete a short survey to help us better understand your needs and expectations: Take the survey
October 23, 2025 Uzbekistan Economic Days in Europe - The Flagship Event of the Year
On October 23, 2025, Brussels will host the Uzbekistan Economic Day in Europe – the premier annual platform uniting top business and government leaders from Europe and Uzbekistan.
Register now

EUROUZ & MEMBER NEWS

EUROUZ, Ahlers Logistics and Uzbek Delegation Map Growth in Central Asia
EUROUZ, together with Ambassador Gayrat Fazilov and Trade Counsellor Bobur Rasulov, met Ahlers Logistics’ leadership team at their Antwerp headquarters to discuss regional expansion. Chairman Johan Vanderplaetse, CEO Dave Van Den Bos, shareholder Christian Leysen, and Business Unit Director Jeroen De Ryck presented the company’s strategic vision, identifying Uzbekistan as a key market. Talks emphasized how recent reforms are opening significant opportunities in logistics and trade. The dialogue underscored shared commitment to supporting Ahlers’ continued growth in Central Asia’s dynamic markets.
Iteca’s 30th Exhibition Season Begins with 74K Spring Visitors, Prepares for Autumn Lineup
Iteca Exhibitions opened its 30th anniversary season this spring, drawing over 74,000 visitors from 69 countries, 2,176 companies, 183 speakers, and 2,652 delegates, across 12 thematic exhibitions and three international conferences covering sectors such as construction, energy, healthcare, food, agriculture, and textiles. For the first time, events were co-hosted at the new CAEx Uzbekistan venue, spotlighting "New Tashkent" and "New Uzbekistan" initiatives and reinforcing Iteca’s status under UFI standards. The autumn calendar will feature eight international exhibitions and one major forum, all held at the Uzexpocentre NEC, starting with the textile-packed Global Textile Days.
EUROUZ Members KPMG and Rothschild & Co Draw 15 Firms to MobiUz Privatization
Uzbekistan concluded the first stage of the international privatization of MobiUz, the country’s state-owned mobile operator. Fifteen foreign and local firms submitted Expressions of Interest (EoIs), all of which met the eligibility criteria set by consultants Rothschild & Co and KPMG. The process now moves to the Non-Binding Offer (NBO) stage, with access to MobiUz’s financial data and analysis. The government may still admit additional investors to enhance competition.
EUROUZ Member WR Logistics Begins Transporting 38-Tonne Ball Mill from France to Uzbekistan
In a significant logistics operation, WR Logistics is managing the Out-of-Gauge transportation of a 6.65 m-diameter Premier 7100 kW ball mill—each unit weighing 38 metric tons and stretching 8.36 m in length—from France to an Uzbek mining complex. This critical cargo requires intricate route optimization, custom handling solutions, and multimodal coordination, showcasing advanced logistical capability. The arrival of this equipment will bolster Uzbekistan’s mining capacity and support broader industrial development across the region.
EUROUZ Member CLAAS Explores Agri-Machinery Production in Uzbekistan
Deputy Minister Akram Aliev and CLAAS Vice President Michael Bayer met on 14 August to discuss establishing agricultural machinery production in Uzbekistan, accompanied by UzCLAAS Agro representatives. The agenda focused on technical coordination, production infrastructure development, localisation strategies, and production volume targets due in 2026. The talks aim to bolster Uzbekistan’s industrial base, enhance technological capabilities, and forge a lasting strategic partnership with the global leader in combine harvesters and tractors.CLAAS’s presence aligns with its existing manufacturing footprint in Uzbekistan via Uz CLAAS Agro LLC.
EUROUZ welcomes new member - BeNeLux Chamber of Commerce Uzbekistan
The BeNeLux Chamber of Commerce in Uzbekistan is an international non-profit, non-commercial organization dedicated to facilitating economic cooperation, investment and trade relations between the Benelux region and Uzbekistan. The Chamber aims to strengthen bilateral trade, investment, and cooperation by providing a robust platform for BeNeLux businesses to engage with Uzbek counterparts, fostering dialogue, and supporting market development in both regions.
EUROUZ welcomes new member - Avanta
Avanta, part of the Lugera Group, has over 20 years of experience in HR and workforce solutions across Central Asia and the CIS. They provide recruitment, executive search, outstaffing, outsourcing, and Employer of Record (EOR) services, serving manufacturing, FMCG, industrial, and service sectors.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan to host EU-Central Asia Economic and Investors’ Forums in November
Uzbekistan will host the next EU–Central Asia Economic and Investors’ Forums in November 2025, EU Ambassador Toivo Klaar announced during Europe Day celebrations, highlighting growing ties and President Mirziyoyev’s planned visit to Brussels to sign a landmark agreement.

German Economy Day in Uzbekistan in November 2025

Visit of Belgian Business Mission to Uzbekistan Autumn 2025

1.2 CENTRAL ASIA, CAUCASUS & CIS

Afghan and Uzbek Firms Sign $20M Trade Agreements
Afghan and Uzbek private companies signed contracts exceeding $20 million during a business forum in Kabul, strengthening cross-border commercial ties. The agreements span investment access and joint projects, while discussions also advanced on opening a regional business chamber. Bilateral trade has already tripled in 2025, with ambitions to raise volumes to $2–3 billion in the near term. Both governments will now move to finalize a Bilateral Investment Protection Agreement to secure investor confidence.

Kyrgyzstan, Uzbekistan to Supply 600M m³ Water to Kazakhstan
Kazakhstan will receive approximately 600 million cubic meters of irrigation water from Kyrgyzstan and Uzbekistan over the next two weeks to offset critical shortages in its southern regions. Deputy Prime Minister Kanat Bozumbayev highlighted that Syr Darya inflows are running at just 30–40% of normal levels, exacerbated by prolonged high temperatures and mounting agricultural demand. This delivery responds to a shortfall exceeding one billion cubic meters, helping ensure a successful close to the August harvesting season. Coordinated cross-border management and daily monitoring of water flows are already underway to stabilize the irrigation network and sustain crop yields.

Mirziyoyev Visits Turkmenistan, bilateral trade surpassing $600M

President Shavkat Mirziyoyev deepened strategic cooperation with Turkmenistan during his working visit, as bilateral trade surpassed US $600 million since early 2025. In talks with Chairman Gurbanguly Berdimuhamedov in Turkmenbashi, both leaders reviewed ongoing projects in energy, transport, agriculture, industry, and water management, and highlighted progress on the Shovot–Toshovuz border trade zone. They also approved a joint action plan to elevate trade volumes to US $2 billion, framing the move as a milestone in their strategic partnership.

Uzbekistan Invites Belarus to Join A-Power Plant Project
Uzbekistan’s state nuclear agency Uzatom invited Belarus to take part in its upcoming first nuclear power plant, following a visit to study Belarus’s operational experience. The two sides agreed to cooperate on large-scale plant integration, physical safety systems, spent fuel handling, and public engagement protocols. Belarus shared insights on its infrastructure setup, personnel housing, and localization strategies based on its 2,400 MW plant that supplies 40% of national electricity. The collaboration promises to accelerate Uzbekistan’s project by leveraging proven Belarusian practices.

1.3 RUSSIA & CHINA

Uzbekistan Signs MOU with China National Gold Group for Strategic Mining Collaboration

Uzbekistan Update: July 15 - 31, 2025

Wed, 06 Aug 2025 08:56:59 GMT

Support by Sharing Uzbek.Review

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

1.1 EUROPE

1.2 CENTRAL ASIA, CAUCASUS & CIS

1.3 RUSSIA & CHINA

1.4 ASIA, EAST ASIA & SOUTH-EAST ASIA

1.5 MIDDLE EAST

1.6 NORTH & SOUTH AMERICA

1.7 INTERNATIONAL ORGANIZATIONS

2. PUBLIC POLICY

3. LEGISLATION & GOVERNMENT

3.1 LEGISLATIVE CHANGES

3.2 APPOINTMENTS

4. ECONOMY

4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE

4.2 IFI’s, BAKNING & FINANCE

4.3 AGRICULTURE, MINING, & MANUFACTURING

4.4 CONSTRUCTION & REAL ESTATE

4.5 TRADE AND BUSINESS

4.6 ENERGY & PETROCHEMICALS

5. USEFUL LINKS AND NOTABLE PUBLICATIONS

UPCOMING EUROUZ & MEMBER EVENTS

EUROUZ Annual Back to Work Jazz Night
EUROUZ is delighted to invite members to the Annual Back to Work Jazz Night, an elegant evening designed to blend professional networking with cultural sophistication. Guests will enjoy a live jazz performance in a refined and atmospheric setting.
Register here
EUROUZ Intellectual Property & Competition Committee Meeting
EUROUZ is pleased to invite you to the upcoming meeting of the Intellectual Property & Competition Committee. This session will bring together legal experts and business leaders to discuss key IP and competition challenges in Uzbekistan, set priorities for 2025, and kick off new working groups. It will also mark the start of the Committee’s event program for the coming months.
Register here
We kindly ask all members to complete a short survey to help us better understand your needs and expectations before the meeting.
Take the survey
Attention all buyers, importers, distributors, wholesalers, and retailers!
Join us at the 25th Anniversary International Exhibition of the Textile and Garment Industry — TextileExpo Uzbekistan Autumn 2025. The Special Buyer Programme is a high-value, results-driven component of the exhibition that attracts a growing number of manufacturers, wholesale buyers, retailers, and suppliers from both neighboring countries and beyond each year.
Buyer Programme registration is open
Phone: +998 71 205 14 14
Email: yana.ivanova@kongress-servis.uz
Three days of high-impact networking in November
E-TechExpo 2025 is Uzbekistan's only full-cycle electronics and innovation exhibition, connecting 4,000+ industry professionals with direct access to the country's 38-million-consumer market. The exhibition serves as a vital platform for technological transformation, bringing together manufacturers, developers, and government bodies to advance digitalization and build a high-tech production ecosystem in Uzbekistan.
Stand reservation
Join the Region’s Leading Refining & Petrochemicals Event in Samarkand – with a Special Discount for EUROUZ Members
We are pleased to inform about the upcoming 12th International Downstream Central Asia and Caspian Summit, organised by Globuc (UK) with official support from Uzbekneftegaz JSC, taking place on 9–11 September 2025 at the Hilton Regency Samarkand. This landmark event will bring together 300+ senior decision-makers from 20+ countries, including government officials, project owners, technology providers, and investors shaping the future of the downstream industry in the region.
Register for the summit using the code EUROUZ10 and receive an exclusive 10% discount on delegate passes.
Register here and apply your code at checkout.

EUROUZ & MEMBER NEWS

EUROUZ hosted the Internal Meeting of the Healthcare & Life Sciences Committee
On July 24, EUROUZ hosted the Internal Meeting of the Healthcare & Life Sciences Committee in a hybrid format, bringing together over 20 participants, including representatives from leading pharmaceutical companies that are EUROUZ members.
EUROUZ Human Resources & Capacity Building Committee Hosted Special Breakfast on Women’s Leadership
EUROUZ was pleased to host a special edition of the HR & Capacity Building Committee Breakfast, bringing together nearly 60 professionals from member companies, government institutions, and international organizations. This summer gathering created a dynamic platform to explore one of the most important topics in today’s professional environment: Women in Business & Leadership.
More photos
Press release
EUROUZ welcomes new member – Webster University Tashkent
Webster University Tashkent, established in 2019, is the official campus of Webster University (USA) in Uzbekistan, located in the capital city of Tashkent. As a globally recognized American institution, Webster University offers accredited undergraduate and graduate degree programs with a strong focus on international education, business, media, and technology.
EUROUZ welcomes new member – Uklon
Uklon is a product and service IT company, the developer of the online car call service of the same name. Founded in Kyiv, Ukraine, 15 years ago, Uklon is now present in Tashkent, Uzbekistan and 27 cities in Ukraine, as well as in the Bukovel tourist complex. The company’s ecosystem of digital services also includes Uklon Delivery, B2B transportation, and the Uklon Ads advertising platform. Since April 2025, the strategic investor of Uklon has been the largest Ukrainian electronic communications operator, Kyivstar.
EUROUZ welcomes new member – Meros International Hospital
Meros International Hospital, established in May 2024 and headquartered in Samarkand, is a modern multidisciplinary healthcare facility dedicated to delivering world-class medical services. With over 200 skilled professionals, the hospital is equipped to provide advanced diagnostics, treatment, and surgical care across various specialties, including robotic surgery.
EUROUZ welcomes new member - The British-Uzbek Society (BUS)
The British-Uzbek Society (BUS), established in 2002 and based in London, aims to strengthen cultural, educational, and economic ties between the United Kingdom and Uzbekistan. As a non-profit organization, BUS facilitates dialogue through events, webinars, and networking opportunities that highlight shared interests in business, heritage, and academic exchange.
EUROUZ welcomes new member – Hyatt Regency Tashkent
Hyatt Regency Tashkent is a premium five-star hotel offering an ideal setting for both business and leisure travelers in the heart of Uzbekistan’s capital. Opened in 2016, the hotel features spacious guestrooms, two distinctive restaurants and the bar, state-of-the-art meeting and event facilities, and a serene wellness area with a pool and spa.
EUROUZ welcomes new member – MSA Family Winery
MSA Family Winery produces 80,000 bottles per year of premium monosort wine using classic European technology. Their vineyards are located in Parkent region in the village of Shampan at an altitude of 1000 m. above sea level. Using the latest technologies, modern equipment, premium yeast and selected grapes, they create unique wine while preserving its natural taste and aromatic properties.

1. INTERNATIONAL COOPERATION

1.1 EUROPE

Uzbekistan Finalizes WTO Market Access Talks with Switzerland

Uzbekistan has completed bilateral market access negotiations with Switzerland as part of its WTO accession efforts, marking its 25th such agreement. The protocol was signed in Geneva by Uzbekistan’s WTO chief negotiator Azizbek Urunov. This milestone reflects progress toward concluding all remaining talks by end‑2025 and achieving WTO membership in 2026. Ongoing domestic reforms continue to align national legislation with international trade standards.

Uzbekistan and Hungary Sign 2025–2026 Security Cooperation Roadmap
Uzbekistan’s Interior Minister Aziz Toshpulatov led a delegation to Hungary from July 16 to 19 to strengthen bilateral security ties. In meetings with Hungarian Interior Minister Sándor Pintér, both sides agreed to expand cooperation in cybersecurity, crime prevention, counterterrorism, and personnel training. A roadmap for 2025–2026 was signed, detailing joint projects in digital security and migration management. Hungary expressed appreciation for Uzbekistan’s security standards and pledged deeper engagement.

DZ Bank to Support Uzbekistan PPP Projects in Healthcare
DZ Bank has signed a memorandum with Uzbekistan’s Ministry of Health to provide concessional loans for public–private partnership healthcare projects. The agreement includes support for training medical specialists through Siemens Healthineers and establishing a local Siemens service centre. The bank delegation also met with German financial institutions and firms to explore additional healthcare investments. Project financing and capacity building are expected to begin later in 2025.

1.2 CENTRAL ASIA, CAUCASUS & CIS

Tashkent Invites Georgia to Join $4.7B China–Kyrgyzstan–Uzbekistan Railway

Uzbekistan’s Transport Minister Ilhom Makhkamov met with Georgia’s Economy Minister Mariam Kvrivishvili on July 23 to strengthen bilateral connectivity and promote Georgia’s participation in the China–Kyrgyzstan–Uzbekistan railway project. Tashkent emphasized the railway’s potential integration into the Middle Corridor and urged Tbilisi to join future development stages. The 532 km, $4.7 billion railway is under construction and expected to reshape Eurasian transit routes. Both sides also discussed boosting air links and seaport access to enhance tourism and multimodal trade.

Kyrgyzstan Ratifies Tripoint Border Treaty with Uzbekistan and Tajikistan
Kyrgyz President Sadyr Japarov has signed into law the ratification of a treaty defining the tripoint border between Kyrgyzstan, Tajikistan, and Uzbekistan. The treaty was originally signed on March 31, 2025, by the three presidents during a summit in Khujand, Tajikistan. The agreement finalizes the convergence point in the Fergana Valley, enhancing regional stability and legal clarity. With domestic procedures now complete in Kyrgyzstan, full trilateral ratification is expected to follow.

Uzbekistan to Import Rogun Hydropower Electricity at 3.4 Cents/kWh
Uzbekistan and Tajikistan have signed a 20-year agreement for seasonal electricity imports from the Rogun Hydropower Plant at a rate of 3.4 cents per kilowatt-hour. The deal, approved by the Tajik government, will enable deliveries during Uzbekistan’s peak demand months from April to September, coordinated by OJSC Rogun HPP and JSC Uzenergosotish. The price will be indexed by 1% annually starting in year two. Year-round supply is planned once Rogun reaches full capacity, boosting regional energy cooperation.

Uzbekistan and Tajikistan Build $10M Cable Plant in Fergana Region
A $10 million Uzbek–Tajik joint venture is building a copper and aluminum cable plant in Dangara district, Fergana region. The Osiyo Kabellari plant, co-led by Fatima Imomova and Tajik investor Shukhradzhan Ashurmatov, will produce 15,000 tons of copper and 1,700 tons of aluminum wire annually. Launch is planned for December 2025, with 100 new jobs and projected exports of $1 million to the CIS. Local authorities pledged support to accelerate infrastructure connections.

Azerbaijan, Uzbekistan, Kazakhstan Form Green Energy Corridor to Europe
Uzbekistan, Azerbaijan, and Kazakhstan have launched Green Corridor Union LLC to export surplus renewable electricity from Central Asia to Europe. The joint venture, registered in Baku, will oversee construction of high-voltage infrastructure including subsea cables across the Caspian and Black Seas. Backed by feasibility studies and multilateral support, the corridor aligns with EU energy diversification and climate goals. Uzbekistan alone plans to export up to 15 billion kWh annually by 2030 as part of this initiative.

1.3 RUSSIA & CHINA

Uzbekistan and Russia Approve Over 1,000 Weekly Flights
Uzbekistan and Russia have signed a new air services agreement allowing over 1,000 weekly flights between the two countries. Following negotiations in Moscow on July 21–22, both sides expanded route permissions and flight frequencies, including 100 weekly flights on the Tashkent–Moscow route alone. Uzbek and Russian carriers also gained rights to operate triangle flights and serve up to 80 and 29 international airports respectively. The move marks a major boost from the current 310 weekly flights and supports rising travel demand.

Uzbekistan and China Energy Sign Three Deals on Green Projects

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Uzbekistan Update: April 15 - 30, 2026

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Uzbekistan Update: February 15 - 28, 2026

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Uzbekistan Update: January 15 - 31, 2026

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Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION

3.1 LEGISLATIVE CHANGES

3.2 NOTABLE APPOINTMENTS

Table of contents of this Uzbek.Review report for paid subscribers & members:

1. INTERNATIONAL COOPERATION