Uzbekistan Update: February 1 - 15, 2026
Biweekly update on key developments in Uzbekistan
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
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 membersRegister 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 emailGITEX 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 SpaceIteca 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.
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.
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.
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«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.
