Uzbekistan Update: July 15 - 31, 2025
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 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.
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.
We kindly ask all members to complete a short survey to help us better understand your needs and expectations before the meeting.
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.
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.
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.
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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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