Uzbekistan Update: April 1 - 15, 2025
Biweekly update on key developments in Uzbekistan
Notable Quotes
“I believe our relationship has not yet reached its full potential. Our partnership is a journey, not a destination. This summit marks the start of a new dimension in our relations, and it will not be a one-off” President of the European Council, António Costa
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
Discover the full list of events planned for April - eurouz.events
Explore what’s ahead and mark your calendars!
2 - April 28, 2025 Open Round Table of the EUROUZ Healthcare and Life Sciences Committee
This open session will bring together leading international pharmaceutical companies, medical distributors, and service providers to discuss key regulatory, legal, and operational issues in Uzbekistan’s healthcare sector. Topics include intellectual property rights, advertising regulations, pricing and registration, and international standards in medical services.
Date: Monday, 28 April 2025
Time: 15:00 – 17:30 (UZT)
Format: In-person
Venue: Tashkent, Uzbekistan (TBC)
Register here
3 - April 30, 2025 EUROUZ Public Relations & Strategic Communications Committee event
Join us for the Expert Roundtable: The Message Behind the Numbers: How Financial Institutions & Global Corporations Communicate, where leading professionals from banks, investment firms, fintech, and development institutions will discuss how financial results, strategies, and reforms are communicated across sectors and borders. This is a must-attend for banks, fintech companies, insurers, public sector agencies, and communication professionals working in finance and economic policy.
For EUROUZ members only
Register here
4 - EUROUZ Annual General Meeting 2025
We are pleased to invite EUROUZ members to the Annual General Meeting 2025 that will take place on June 12, 2025. This important gathering will bring together our members to review our achievements, discuss future priorities, and strengthen our collective efforts to enhance European-Uzbek business cooperation.
Date: June 12, 2025
Time: 8:45 AM – 12:00 PM (UZT)
Venue: Hilton Tashkent (at TIIF location)
Format: Hybrid
Register here
For EUROUZ members only
5 - May 13 - 15 , 2025 Uzbekistan Energy Week
Uzbekistan Energy Week is the year’s game-changing event in the energy sector. This unique platform brings together leading experts, companies, and investors to explore major industry trends and shape the future of the sector.
Exhibition programme includes:
27th International Exhibition "Oil & Gas Uzbekistan – OGU 2025"
18th International Exhibition "Power Uzbekistan 2025"
Power Uzbekistan special section – green energy and energy-saving technologies GETCA
Business Programme includes:
OGU International Oil & Gas Conference
Power Uzbekistan International Energy Conference
Join the region’s largest energy event! Build essential business connections and unlock new opportunities for growth and partnership
Register here
EUROUZ & MEMBER NEWS
1 - EUROUZ welcomes new member – dls Logistics
dls Logistics provides customized, efficient, secure, and reliable transport solutions for FTL shipments across Europe.
Proven Performance – Over 1,000 weekly shipments with up to 99% on-time delivery. Trusted by Lindt & Sprüngli and Evonik.
Fleet Flexibility – 150 owned trailers (refrigerated and tautliners) for tailored transport.
Industry Expertise – Specialists in food, pharma, chemicals, paper, and furniture.
Certified Safety – HACCP, GDP, and SQAS standards for sensitive goods.
Cyber Protection – Insurance safeguards cargo and data.
Reliable Partner – Transparent, stable, and long-term focused
2 - EUROUZ welcomes new member - NL Platform
NL Platform is a global matchmaking and business development company specializing in connecting suppliers with major retailers and e-commerce platforms worldwide. With over 25 years of experience, NL Platform has successfully helped brands expand into new markets by providing tailored market entry strategies, private label solutions, and retail partnerships. Headquartered in the Netherlands, the company operates internationally, leveraging its deep industry expertise to create long-term, value-driven collaborations.
3- EUROUZ welcomes new member - Cranmore Partners
Cranmore Partners is an award-winning financial advisory boutique focusing on energy transition and infrastructure projects. Established in 2016, the firm operates globally with over 40 full-time colleagues stationed across various locations, including execution hubs in Abu Dhabi, Istanbul, London, and Delhi, and with on the ground presence in multiple locations in EMEA.
4 - EUROUZ welcomes new member - Office Technologies
Office Technologies was established in 2004 in Tbilisi, and has since become a trusted leader in delivering premium office solutions across the region. As the exclusive dealer of internationally renowned brands Steelcase and Walter Knoll, company brings world-class office furniture and design expertise to corporate environments, public institutions, and various industry sectors. They specialize in providing turn-key project solutions tailored to the unique needs of global organizations.
5 - We are proud to introduce the new leadership team of the EUROUZ Human Resources & Capacity Building Committee!
Venera Erzina – Elected Committee Chairperson, HR Director, Ipoteka Bank - OTP Group
Daria Shamova – Deputy Committee Chairperson, Operations Director, Fersol
With their extensive expertise and passion for human capital development, we are confident this dynamic team will drive impactful initiatives and foster stronger collaboration within our community.
Please join us in congratulating Venera and Daria on their new roles!
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1. INTERNATIONAL COOPERATION
1.1 EUROPE
The EU and Central Asian countries concluded a new strategic partnership during the first EU–Central Asia summit in Samarkand. The agreement focuses on connectivity, energy, digitalization, and critical raw materials. The EU unveiled a €12 billion Global Gateway package at the Samarkand summit to boost ties with Central Asia. The EBRD is also preparing €7–8 billion in project financing. These investments aim to diversify EU supply chains and support regional infrastructure and sustainability goals.
Key outcomes from the summit include:
Announcement of a €12 billion investment package under the Global Gateway, targeting green energy, critical raw materials, transport, and digital infrastructure.
Allocation of €6.4 billion to renewable energy projects, including hydropower and climate resilience initiatives.
Commitment of €3 billion to develop the Trans-Caspian International Transport Route, improving Europe–Central Asia connectivity.
Investment of €2.5 billion to critical raw materials exploration and processing, supporting the EU’s green transition needs.
€100 million dedicated to digital connectivity, with plans to extend internet access via satellite technology.
The European Investment Bank (EIB) will open a regional office in Uzbekistan and signed €365 million in project agreements with Kyrgyzstan, Tajikistan, and Uzbekistan.
Central Asian states agreed to enhance cooperation on critical raw materials, focusing on local value addition and sustainable mining practices.
The announcement of a joint EU–Central Asia investment forum to be held in Uzbekistan in June 2025, aimed at increasing private sector engagement.
Uzbekistan and Germany Sign Labor Migration Memorandum
On April 7, 2025, Uzbekistan, Germany, and the German Employers’ Confederation signed a memorandum to facilitate Uzbek specialists' employment in Germany. The deal includes vocational training, language support, and streamlined migration procedures. Sectors include gastronomy, logistics, and meat processing. This cooperation is part of a broader partnership on mobility and labor market integration.
President Mirziyoyev Meets UK Prime Minister Tony Blair
President Shavkat Mirziyoyev met former UK Prime Minister Tony Blair in Tashkent to discuss reforms. They agreed to expand cooperation through the Tony Blair Institute in areas such as investment attraction, AI integration, and technological modernization. Joint programs will support Uzbekistan’s digital and economic development agenda.
Belgium to Return $108M to Uzbekistan in Telecom Corruption Case
Belgian authorities announced the transfer of $108 million to Uzbekistan, confiscated in connection with a major telecom corruption and money laundering case. The funds were seized at Uzbekistan’s request under the UN Convention Against Corruption. A Brussels court ruled the assets be split, with $108 million designated for repatriation. The case is linked to former official Gulnara Karimova, whose global assets under investigation total approximately $1.4 billion.
1.2 CENTRAL ASIA, CAUCASUS & CIS
ADB and AIIB Join Green Energy Corridor Project Linking Central Asia to EU
Energy ministries of Uzbekistan, Kazakhstan, and Azerbaijan signed a memorandum with the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) in Baku to launch the first phase of a green energy corridor to Europe. ADB will provide $1 million for the project’s feasibility study, led by Italian firm CESI. The plan includes laying a 2,500 km HVDC cable under the Caspian and Black Seas via Georgia and Romania. Exports could reach 10–15 billion kWh annually by 2030.
Uzbekistan and Azerbaijan Launch Joint Silk Road Tourism Route
Uzbekistan and Azerbaijan signed a memorandum to develop a shared Silk Road tourism route. The project promotes travel across historic cities such as Bukhara, Samarkand, and Baku. Marketing efforts will target Central Europe, and the initiative includes joint exhibitions and business events. It supports President Mirziyoyev’s broader vision of unified regional tourism and a single Central Asian visa system.
1.3 RUSSIA & CHINA
Chinese Delegation Advance BRI Investment Projects
President Shavkat Mirziyoyev welcomed China’s State Councilor Shen Yiqin in Tashkent to discuss scaling up Belt and Road Initiative cooperation. Talks covered investment in industrial zones, infrastructure, and language education. The sides agreed to expand Chinese language programs and accelerate joint construction projects. The visit highlighted deepening strategic alignment between the two countries.
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