Uzbekistan Update: March 15 - 31, 2025
Biweekly update on key developments in Uzbekistan
EUROUZ reached the milestone of 100 members
This milestone demonstrates the value of a strong association that brings together European and Uzbek companies committed to responsible growth, meaningful dialogue, and long-term cooperation. We extend our sincere thanks to every member for their trust and continued engagement.
The first 100 is just the beginning!
If you are interested in joining us, please explore our website eurouz.com or contact us directly at info@eurouz.com
Notable Quotes
“We have a historic chance to make the region sustainable and prosperous” Shavkat Mirziyoyev President of Uzbekistan.
"We agreed to work together to build value-added industries that create jobs, growth, and trade opportunities in Uzbekistan, but also new opportunities for Europe." Jozef Síkela European Commissioner for International Partnerships.
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
April 3 - 4, 2025 First EU-Central Asia summit
The President of the European Council, António Costa, along with the President of the European Commission Ursula von der Leyen, will be travelling to Uzbekistan for the first-ever EU-Central Asia summit on 3-4 April. The summit will be hosted by Uzbekistan’s President Shavkat Mirziyoyev, with the participation of the leaders of Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan.
April 4 - 5, 2025 Samarkand International Climate Forum
Under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity," the forum aims to explore solutions for environmental sustainability, green economic development, and climate adaptation. The program will feature expert panels, plenary sessions, and strategic dialogues covering key topics such as:Development of renewable energy;
Water resource management;
Biodiversity conservation;
Sustainable urban development.
April 8–10, 2025 | Uzexpocentre NEC
UzFood 2025 – 24th International Exhibition on Food, Ingredients, and Food Production TechnologiesO’ZuPACK 2025 – 25th Anniversary International Exhibition on Packaging, Equipment, and Materials
April 15–17, 2025 | CAEx Uzbekistan
TIHE 2025 – 29th Tashkent International Healthcare ExhibitionApril 28, 2025 Open Round Table of the EUROUZ Committee on Healthcare and Life Sciences
Within the framework of the EUROUZ Healthcare and Life Sciences roundatble, the moderated discussion will focus on the pharmaceutical sector and healthcare in Uzbekistan, addressing drug registration and certification, establishing a pharmacovigilance system, deregulating drug prices, and intellectual property issues. It will also explore exemptions for European drug manufacturers from Uzbekistan state inspections, the development of health insurance, and potential life sciences collaborations between the committee and Uzbekistan's Ministry of Health.
Date: April 28, 2025
Time: 3:00 PM - 5:20 PM Tashkent time
Register here.15 - 17 April 2025 | The 29th Tashkent International Healthcare Exhibition – TIHE 2025
As one of Uzbekistan’s longest-running exhibitions (established in 1995), TIHE has rightfully earned its place among the country’s most in-demand and practically oriented trade shows. The showcased equipment, technologies, pharmaceuticals, and medical supplies are widely adopted across both the state healthcare system and private medical practices.
Masterclasses, presentations, and seminars held within the exhibition attract significant attention from the medical community. It remains the only medical exhibition in Uzbekistan with the prestigious UFI Approved Event status, granted by the Global Association of the Exhibition Industry (UFI).
For the first time, under the unified slogan "Synergy of Beauty and Health," TIHE 2025 will be held alongside Beauty Uzbekistan and BeautyDerma Central Asia 2025 exhibitions demonstrating aesthetic and device-based medicine as well as anti-aging care.
Register hereApril 15 - 17, 2025 Specialized International Exhibition of Aesthetic and Device-Based Cosmetology, Perfumery, and Cosmetics Industry – Beauty Uzbekistan 2025
Specialized International Exhibition of Aesthetic and Device-Based Cosmetology, Perfumery, and Cosmetics Industry – Beauty Uzbekistan 2025
Beauty Uzbekistan is the premier B2B event for Uzbekistan’s rapidly growing beauty market. Bringing together top industry experts in one place, the exhibition offers an unparalleled networking opportunity. With its unique scope, it showcases the entire beauty and cosmetics supply chain, from cutting-edge aesthetic medicine to finished products.
The event features two key sections:
BeautyDerma Central Asia – dedicated to aesthetic medicine, dermatology, cosmetology, skincare, and anti-aging products.
Beauty Uzbekistan – covering the beauty, perfumery, and cosmetics industry.
May 13–15, 2025 | CAEx Uzbekistan
Energy Week Uzbekistan 2025 – A key industry event featuring:
OGU 2025 – 27th Uzbekistan International Oil & Gas Exhibition and ConferencePower Uzbekistan 2025 – 18th International Exhibition on Energy, Energy Saving & Alternative Energy
GETCA 2025 – Green Energy & Energy-Saving Technologies Central Asia
May 14–16, 2025 | Uzexpocentre NEC
TextileExpo Uzbekistan 2025 – 24th International Textile and Fashion Industry ExhibitionMay 21–23, 2025 First International Exhibition "Plast Central Asia 2025"
Plast Central Asia is the premier international event for the plastics and polymer industry in Uzbekistan. Held for the first time in Tashkent, the exhibition will bring together leading manufacturers, suppliers of equipment and raw materials, experts, and key decision-makers in the sector. The exhibition will feature innovations in polymer processing, sustainable packaging, recycling technologies, and finished plastic products. With a well-organized layout segmented by product categories, visitors will explore the latest technologies, exclusive product launches, and live equipment demonstrations from top global and regional companies. Expand your presence in the Central Asian market, connect with industry leaders, and generate new business opportunities.
Register hereMay 21–23, 2025 First International Exhibition "Mould Central Asia 2025"
Mould Central Asia is the first specialized exhibition in Uzbekistan dedicated to mold-making, tooling, and precision engineering. The event will bring together leading manufacturers of molds, dies, tools, components, and high-precision equipment, as well as specialists and decision-makers from various industries. The exhibition will feature the latest in mold manufacturing technologies, CAD/CAM systems, automation, additive manufacturing, and materials for tooling. With a product-focused layout and live equipment showcases, visitors will discover innovative solutions, meet top suppliers, and explore new business opportunities in Uzbekistan and the wider Central Asian region.
Register here
EUROUZ & MEMBER NEWS
EUROUZ Welcomes EU Commissioner for International Partnerships Jozef Sikela
The EU Delegation hosted a networking event with ambassadors, European business leaders, and investors, many of whom are EUROUZ members. EUROUZ was represented by Secretary General Oybek Shaykhov, Tashkent Branch Head Shakhzodbek Makhmudov, and representatives from EDF, Veolia, Voltalia, Orano, and AHK Zentralasien. The event highlighted growing EU–Central Asia engagement ahead of the EIB delegation’s visit.
EUROUZ hosted a Networking Iftar
On March 19, EUROUZ hosted a Networking Iftar attended by 50 members and partners for an evening focused on networking and community. The event helped strengthen existing ties and explore new collaborations across sectors. Attendees engaged in discussions on potential partnerships and future initiatives. The Secretariat thanked participants and reaffirmed EUROUZ’s mission to foster trust-based business relationships.
EUROUZ held ESG Committee Members Meeting
EUROUZ held its ESG Committee Members Meeting in hybrid format, bringing together over 40 participants from member companies, expert groups, and stakeholders. The session covered ESG regulatory updates in Europe and the U.S., local standards in Uzbekistan, and regional trends. Speakers included Natalya Ponomareva (SEG Enera), Olzhas Omarov (KPMG), and Francine Carron (ESG Consultancy). The committee reviewed 2025 priorities, focusing on transparency, stakeholder engagement, and alignment with global standards such as GRI, ISSB, and CSRD.
To find out more or join the work of EUROUZ Committees, please check out our website section here.EUROUZ Member FinTech Association Sign MoU to Support Women Entrepreneurs
The Fintech Association of Uzbekistan and Wildberries have signed a memorandum of understanding under the WEFINTECH initiative to promote women’s entrepreneurship. The agreement aims to expand educational and business development opportunities for women in Uzbekistan and the region. The program includes practical training in e-commerce, support for entering marketplaces like Wildberries, and access to broader consumer markets, with a goal to reach 3,000 new participants in 2025.EUROUZ member FinAsia Capital held “Uzbekistan Investor Day” in UK
On March 26–27, 2025, Uzbekistan held its Investors' Day in London, organized by Raiffeisen Bank International and FinAsia Capital. Delegations from key government institutions and state banks met with global investors, asset managers, and rating agencies to present the country's economic reforms, banking sector transformation, and 2025 strategy. Discussions focused on financial stability, inflation control, and external reserves. Agreements were reached to strengthen future cooperation and maintain ongoing investor engagement.
Bernard Deloménie Appointed Senior Director at Crowe Uzbekistan
Crowe Uzbekistan is proud to announce the appointment of Bernard Deloménie as Senior Director. With over 45 years of global leadership experience—including 17 years as EMEA Executive Director at Crowe Global and directorship roles at PwC UK & Middle East —Mr. Deloménie brings unmatched strategic insight to the region. His appointment reinforces Crowe Uzbekistan’s commitment to delivering top tier caliber expertise with local precision and agility. Bernard will lead high-impact initiatives in business transformation, governance, and international market expansion. This milestone marks a bold step in positioning Crowe Uzbekistan as the premier destination for world-class advisory and audit services in Central Asia.
EUROUZ welcomes new member - Summit Motors Central Asia
The foreign enterprise Summit Motors Central Asia, a limited liability company, was registered in Tashkent in 2018 by its sole founder, Sumitomo Corporation (Japan). Another group company, Toyota Central Asia, has been located in Dubai (UAE) since 2015. Summit Motors Central Asia is an official regional distributor of Toyota vehicles and spare parts in Uzbekistan, Tajikistan, and Turkmenistan.
EUROUZ welcomes new member - Attech Global
Attech Global specializes in recruitment and consulting services in Uzbekistan and Central Asia. Their mission is to connect companies with top talent and drive organizational growth. Despite being a young company, Attech Global is rapidly growing, supported by a multinational team with over 10 years of industry experience. Their clients include leading Uzbek and international companies.
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1. INTERNATIONAL COOPERATION
1.1 EUROPE
Uzbekistan and EU Officials Discuss Strengthening Relations
President Shavkat Mirziyoyev met with Kaja Kallas, the European Union's High Representative for Foreign Affairs and Security Policy, to discuss enhancing Uzbekistan-EU relations. The meeting covered preparations for the upcoming "Central Asia – European Union" summit, trade and logistics collaborations, and cooperation in digitalization, green energy, and infrastructure modernization.
Uzbekistan Proposes Joint Economic Projects with EU
On March 18, 2025, during a meeting with European Commissioner Jozef Sikela, President Shavkat Mirziyoyev proposed joint projects with the European Union in transportation, energy, digitalization, agriculture, and water management. Discussions included constructing a new railway and highway connecting Uchkuduk to Kyzylorda and developing the Trans-Caspian Transport Corridor to boost trade volumes.
Uzbekistan and EU Collaborate to Expand Satellite Internet Access
Uzbekistan and the European Union signed agreements to develop satellite internet in Central Asia under the TEI Digital Connectivity program. The initiative involves deploying satellite technologies and ground terminals to provide internet access in remote regions of Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan. The project also includes establishing a regional satellite gateway in Uzbekistan to ensure digital autonomy.
Uzbekistan to Export Uranium to France via Russia
Uzbekistan's state-owned enterprise Navoiyuran signed a €9 million agreement with Kazakh company TOO Logistic Centre to transport natural uranium to France via Russia. The contract involves transporting 500 containers from St. Petersburg to Malvési, Southern France, with shipments continuing until the end of the first quarter of 2026.
Germany Recruits Uzbek Nurses to Address Healthcare Shortages
Germany has been actively recruiting Uzbek nurses to address its healthcare sector's labor shortages. Collaborative projects between Uzbekistan's Migration Agency, the Ministry of Poverty Reduction and Employment, and the Swiss company Globogate Concept AG have facilitated the employment of 400 Uzbek nurses in German clinics. An additional 550 medical professionals are undergoing training, with plans to send 350 more nurses by the end of the year.
Team Europe Allocates €60 Million for Rural Digital Connectivity in Central Asia
The European Investment Bank (EIB) and the European Commission have partnered with SES to deliver satellite broadband services to approximately 1,600 villages across Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan. This initiative aims to provide high-speed internet access to an estimated three million people in underserved rural areas. The project includes a €34.4 million EU grant and a €25.45 million EIB Global loan.
Uzbekistan and France Enhance Green Economy Cooperation
Uzbekistan and France strengthened their collaboration in promoting the green economy and sustainable development. A Memorandum of Understanding was signed as part of the Energy Climate Policy-Based Loan, financed by the French Development Agency (AFD) and the Asian Development Bank (ADB). AFD provided a €1.5 million grant to Expertise France for technical assistance supporting reforms in Uzbekistan’s energy policy.
1.2 CENTRAL ASIA, CAUCASUS & CIS
Uzbekistan, Tajikistan, and Kyrgyzstan Sign Border Agreement
Presidents Shavkat Mirziyoyev, Emomali Rahmon, and Sadyr Japarov participated in a trilateral meeting where they signed a historic treaty on the junction point of the state borders of Uzbekistan, Tajikistan, and Kyrgyzstan. The agreement aims to ensure stability and promote regional cooperation. Additionally, the leaders inaugurated the Friendship Stele as a symbol of their strengthened relations.
Mirziyoyev Discusses Regional Cooperation with Central Asian Leaders
Shavkat Mirziyoyev held phone conversations with Presidents Kassym-Jomart Tokayev of Kazakhstan, Emomali Rahmon of Tajikistan, and Sadyr Japarov of Kyrgyzstan. They discussed strengthening regional cooperation, increasing trade, promoting industrial collaboration, and preparing for upcoming summits, including the "Central Asia Plus" summit.
Uzbekistan and Kazakhstan Leaders Hold Informal Meeting in Almaty
Presidents Shavkat Mirziyoyev and Kassym-Jomart Tokayev met informally in Almaty to discuss bilateral relations. They addressed key areas for deepening cooperation, including trade, industrial projects, and cultural exchanges. The leaders expressed satisfaction with the record-high level of multifaceted cooperation achieved between Uzbekistan and Kazakhstan.
EU and Central Asian Ministers Deepen Ties at Ashgabat Meeting
On March 27, 2025, foreign ministers from five Central Asian countries and EU foreign policy chief Kaja Kallas held the 20th EU-Central Asia Ministerial meeting in Ashgabat, Turkmenistan. The ministers reviewed progress under their Joint Roadmap and coordinated preparations for the upcoming EU-Central Asia Summit in Samarkand. They reaffirmed commitments to deepen cooperation on trade, security, energy, and human mobility, while emphasizing respect for sovereignty, international law, and peaceful conflict resolution.
Kazakhstan Allocates $50M for Industrial Cooperation Center with Uzbekistan
The Senate of Kazakhstan’s Parliament approved a law to construct the "Central Asia" International Industrial Cooperation Center near the Kazakhstan-Uzbekistan border. The center, spanning 100 hectares, will feature production facilities, warehouses, and transport infrastructure to accelerate cargo transportation and reduce logistics costs. The investment is estimated at around $54 million.
Uzbekistan-Tajikistan Alliance Treaty Enters into Force
The Treaty on Allied Relations between Uzbekistan and Tajikistan officially entered into force. The foreign ministers exchanged ratification instruments in the presence of Presidents Shavkat Mirziyoyev and Emomali Rahmon. Originally signed on April 18, 2024, in Dushanbe, the treaty signifies a new level of strategic partnership and cooperation between the two nations.
1.3 RUSSIA & CHINA
Uzbekistan, China Launch Digital Silk Road to Expand IT Cooperation
Chairman of the Chinese People's Political Consultative Conference Wang Huning met Sardor Umurzakov, special advisor to the President of Uzbekistan, in Beijing. They discussed implementing agreements reached by both countries’ leaders and deepening strategic cooperation. The initiative will support joint projects in cloud computing, cybersecurity, and IT education. Uzbekistan aims to train 1 million IT specialists under this framework. Follow-up agreements are expected later this year to formalize project timelines.
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