• KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850

Viewing results 43 - 48 of 97

Opinion: A Railway to the Future – Uzbekistan’s Bold Path to Connectivity and Carbon Cuts

I still remember the thrill of boarding the sleek high-speed train from Tashkent to Bukhara. What could have been an ordinary journey turned into something unforgettable - the kind of experience that stays alive in the memory long after the trip ends. The speed, the comfort, and above all, the hospitality of Uzbekistan Railways revealed more than just modern engineering; it was a glimpse into the vision of a country determined to connect its people and its future to the wider world. The resonance of this project is deep. The Silk Road was once the artery of global exchange, moving not just goods but ideas, cultures, and entire civilizations between East and West. From Xi’an to Samarkand, Bukhara, and Tashkent, caravans carried silk, porcelain, and paper eastward, while wool, stones, fruits, and glassware travelled west. The CKU Railway is not simply another infrastructure project; it is the revival of this legacy, adapted for the 21st century. By shortening transport routes by nearly 900 kilometers and halving transit times, it promises to transform Uzbekistan’s geographic disadvantage into a strategic strength. For a landlocked country, this is more than steel on tracks - it is a lifeline to global markets. That is where railways carry an underappreciated advantage. Beyond the economics, rail is also a climate solution. The International Energy Agency (IEA) has found that rail freight is three to four times more energy-efficient than trucks. Trains use 65–80% less fuel per kilogram of cargo. The European Environment Agency calculates that a ton of freight moved by train emits 14–20 grams of CO₂ per kilometer, while the same tonnage on trucks produces 60–120 grams. That is a four- to fivefold difference. If the 20th century belonged to highways, the 21st must belong to railways. To grasp what this means for Central Asia, consider the region’s emissions profile. According to the EDGAR 2023 dataset, annual greenhouse gas emissions (excluding LULUCF, 2022) stand at roughly 320 MtCO₂e for Kazakhstan, 214 MtCO₂e for Uzbekistan, 99 MtCO₂e for Turkmenistan, 22 MtCO₂e for Kyrgyzstan, and 21 MtCO₂e for Tajikistan. Transport is responsible for around a tenth of that, and road freight dominates. The opportunity for reductions through a modal shift is therefore enormous. Take Uzbekistan as a case in point. The country moves about 90 billion ton-km of freight annually, within a regional total of some 350 billion. At present, 70% of this moves by road and 30% by rail. Imagine that by 2035, half of current road freight shifts to electrified rail - around 32 billion ton-km. On trucks, that freight would generate 2.9 MtCO₂e per year. On electrified trains, it would produce only 0.54 MtCO₂e. The savings: 2.4 MtCO₂e annually, or more than 1% of Uzbekistan’s entire national emissions. For a single infrastructure project, that is an extraordinary return in climate terms. The regional potential is just as striking. If similar shifts occurred across Central Asia, annual savings would reach 7–9 MtCO₂e by 2035 - the equivalent of removing two million cars from the road....

Opinion: The Contact Group on Afghanistan – Central Asia Formulates a Regional Position

On August 26, special representatives on Afghanistan from Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan met for the first time in Tashkent. The meeting resulted in the creation of a permanent regional platform: the Contact Group on Afghanistan. This gathering was not only a continuation of commitments outlined in the joint statement from the most recent Consultative Summit of Central Asian heads of state, but also a step toward preparing for the next high-level format, scheduled for November in Tashkent. Formally, Turkmenistan was absent. Available information suggests the reasons were purely technical. Ashgabat was ready to join and expressed support for the results through its foreign ministry channels. The key outcome is that Central Asian states have, for the first time, shown their readiness to speak with one voice on an issue long shaped by competing external interests. This is not the start of forming a common position; that had already developed de facto in recent years. All Central Asian countries have supported trade and transit with Afghanistan, continued supplying electricity and food, and maintained working contacts with the Taliban, while avoiding extremes. The Tashkent meeting institutionalized this approach: parallel tracks have now shifted, cautiously, toward coordination. Informal unity has been formalized into a tool. Unlike external players, who often cloak interests in grand rhetoric, Central Asia acts openly and pragmatically. The logic is simple: whatever is done for Afghanistan is, in fact, done for oneself. That is the distinctive feature of the regional approach - no ideological cover, no attempts to reshape Afghanistan. Examples are straightforward. Electricity continues to flow even when payments are delayed - not as charity, but as an investment in security. A blackout in Afghanistan could trigger refugee flows and threats heading north. Exports of flour and fuel sustain Afghan markets but also expand outlets for Central Asian producers. Participation in trans-Afghan corridors is not a gift to Kabul but an opportunity for Central Asia to anchor itself in southern logistics routes. Ultimately, every step “for Afghanistan” is primarily for the region itself. If Kabul ignores basic rules, cooperation will simply stop. In politics, there are no eternal friends, only eternal interests. The new format does not yet imply collective pressure on the Taliban. Rather, it creates conditions for each country to conduct more substantive bilateral dialogue, but grounded in a shared position. Until now, Central Asia has mainly spoken to the Taliban about trade, transit, and infrastructure. The Contact Group now makes it possible to add another dimension: clarifying boundaries of what is acceptable on issues like extremism, border escalation, or water pressure. For now, “red lines” are unlikely, since the Taliban have not crossed them. The situation remains manageable, leaving room for constructive dialogue. Equally important, the Contact Group is not a threat or ultimatum. Coordination is meant to expand opportunities for dialogue, not limit them. In the long run, this could evolve into a sustainable C5+A format. Afghanistan would then be integrated into regional frameworks not as a problem to be managed, but as...

Opinion: China’s Diplomatic Power Play Unfolds in Tianjin

On August 31, the next SCO Plus summit will begin in the Chinese city of Tianjin and run through to September 1. Judging by the list of participants, China, under Chairman Xi Jinping, is positioning itself to challenge the United States for influence over the global geopolitical agenda. As part of the Shanghai Cooperation Organization (SCO) summit, Xi will host a formal banquet for the attending heads of state, according to the Chinese Foreign Ministry. Xi is also scheduled to chair the 25th meeting of the SCO Council of Heads of State and lead the expanded SCO Plus session - the largest since the establishment of the organization - where he will deliver a keynote address. Clues to the themes of Xi’s speech can be found in the diverse array of leaders expected to attend. Chinese Deputy Foreign Minister Liu Bin confirmed at a Beijing press conference that among the SCO member states, participants will include Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Pakistani Prime Minister Shahbaz Sharif, Iranian President Masoud Pezeshkian, Belarusian President Alexander Lukashenko, Kazakh President Kassym-Jomart Tokayev, Kyrgyz President Sadyr Japarov, Tajik President Emomali Rahmon, and Uzbek President Shavkat Mirziyoyev. Several leaders from non-member states will also join, including Turkish President Recep Tayyip Erdoğan; Mongolian President Ukhnaagiin Khurelsukh; Azerbaijani President Ilham Aliyev; Indonesian President Prabowo Subianto; and Turkmen President Serdar Berdimuhamedov, whose participation suggests Ashgabat’s cautious but growing interest in regional dialogue. Also in attendance will be the prime ministers of Armenia (Nikol Pashinyan), Cambodia (Hun Manet), Nepal (Khadga Prasad Sharma Oli), Egypt (Mostafa Madbouly), Malaysia (Anwar Ibrahim), and Vietnam (Pham Minh Chinh). The summit will also host key international institutional leaders, including UN Secretary-General António Guterres; SCO Secretary-General Nurlan Yermekbayev; CIS Secretary-General Sergey Lebedev; ASEAN Secretary-General Kao Kim Hourn; CSTO Secretary-General Imangali Tasmagambetov; EAEU Chairman Bakytzhan Sagintayev; and AIIB President Zhou Ji. Kazakhstan will be prominently represented. In addition to President Tokayev, three high-profile Kazakhs mentioned above - Yermekbayev, Tasmagambetov, and Sagintayev - will attend in their capacities as heads of international organizations. Their presence signals Astana’s growing diplomatic weight and reflects the strategic outreach led by Tokayev, himself a former UN Deputy Secretary-General. This background likely contributes to the rapport between Kazakhstan and Guterres. The summit will also inevitably draw attention due to the presence of the Armenian and Azerbaijani leaders, figures central to the ongoing realignment in the South Caucasus. Both Baku and Yerevan have increasingly distanced themselves from Moscow, favoring closer ties with Turkey and the United States. The recent peace agreement between Aliyev and Pashinyan, signed in the presence of President Trump, underscored the growing American role in the region and the diminishing influence of Russia. While Moscow appears willing to tolerate this shift, Tehran views it with deep concern, especially after its recent 12-day conflict with Israel. Russia, for its part, seems to be signaling disengagement from the region. Its silence in response to Baku and Yerevan’s Western overtures suggests strategic apathy, if not withdrawal. Beijing, of course, is...

Insider’s View: Uzbekistan’s Competitiveness and Advantages in the SCO Tourism Market

In recent years, Uzbekistan has strengthened its position in the international tourism market, particularly in the region of the Shanghai Cooperation Organization (SCO). From January to June 2025, the country welcomed over 5.3 million international tourists, more than double the figure of the previous year, while tourism service exports rose to $2.4 billion, marking a 164% increase. For the SCO member states, tourism serves as a driver of economic growth and an important tool for cultural exchange and diplomatic rapprochement. Uzbekistan stands out within the Organization thanks to its rich cultural heritage, modern infrastructure, and liberal visa policy. Uzbekistan’s historical landmarks provide the country with a significant competitive advantage within the SCO region. Cities such as Samarkand, Bukhara, and Khiva - all included on the UNESCO World Heritage List - have become major cultural magnets for tourists. These cities are home to hundreds of architectural monuments, mosques and madrasahs, traditional markets, and craft centers, offering travelers a truly unique experience. Building on this heritage, Uzbekistan has also expanded its hospitality sector. In the first half of 2025, Uzbekistan established 60 new hotels, 287 family guest houses, 146 hostels, and 24 other accommodation facilities - a total of 517 new establishments offering 12,800 additional beds. As a result, the total number of accommodation facilities reached 6,448, with overall capacity exceeding 170,000 beds. In recent years, Uzbekistan has actively cooperated with global hotel brands, with international chains such as Hilton, Intercontinental, Bentley, Bill Wyndham & Co., and Azimut implementing investment projects across various regions of the country. This has had a positive impact on both the quality of service and the level of trust from the international community. Additionally, 368 new tourism companies and travel agencies were established in the country, bringing the total number of tour operators to 4,052. Across the republic, 3,415 tour guides are currently active, with 215 new specialists trained in just the first half of this year. These developments have improved the quality of tourism services and significantly enhanced conditions for visitors to the country. Uzbekistan's visa policy is also one of the most progressive in the region. Today, citizens of more than 90 countries can enter the country visa-free, while an additional 56 countries have access to an electronic visa system. This has become a key factor in the growth of tourist arrivals. All of these measures have contributed to a significant increase in the number of tourists visiting Uzbekistan. In the first six months of 2025 alone, more than 4.3 million tourists from SCO member states visited the country, accounting for over 80% of all international visitors. Uzbekistan is also actively promoting its tourism image on the international stage. Cooperation is underway with global media companies such as World Media Group, Blue Sky, Sky One, Wanderlust, Euronews, the BBC, National Geographic, CNN, Travel Tomorrow, Warner Bros. Discovery, Saga Travel Group, as well as with online platforms like Ctrip.com, Holiday Factory, Voyage Privé, and others. In 2024, Uzbekistan participated in 22 international tourism exhibitions held in...

Insider’s View: From Reform to Rights – Strengthening Uzbekistan’s Legal Foundations

New Uzbekistan is pressing ahead with democratic reforms while pursuing a pragmatic foreign policy, deepening dialogue with the international community, and rolling out reforms that reinforce guarantees for human rights and fundamental freedoms. Within the framework of the Uzbekistan–2030 Strategy - now paired with the State Program, “Year of Environmental Protection and the Green Economy” – the authorities are upgrading legal safeguards and institutional mechanisms aimed at protecting citizens’ rights. As President Shavkat Mirziyoyev stated, “The dreams and aspirations of our people, shaped over centuries through diverse ideas and practical endeavors, are today embodied in the concept of New Uzbekistan.” That vision has coincided with rapid socioeconomic change: GDP has topped $110 billion; preschool enrollment has risen sharply since 2017; higher-education participation has climbed from about 9% in 2017 to roughly 42%; and elite public schools - creative, specialized, and presidential - have taken root. Uzbek athletes placed among the top national teams at recent global competitions, and football milestones at both the youth and senior levels have broadened the country’s international profile. Together, these gains bolster Uzbekistan’s status as a sovereign, democratic, legal, social, and secular state, and as a more reliable partner on the global stage. The Pragmatic Diplomacy of New Uzbekistan Against a backdrop of armed conflicts, environmental emergencies, trade frictions, and evolving security threats, Uzbekistan has worked to strengthen peace and regional stability while educating its youth in the spirit of both national and universal values. In recent years, high-level outreach has rebuilt trust with neighbors and helped popularize concepts such as a “Central Asian spirit” and “Central Asian identity.” The March unveiling of a Friendship Stele at the junction of the Uzbekistan–Kyrgyzstan–Tajikistan borders symbolized this thaw, while cooperation on transit, water and energy exchanges, and security has become more predictable. A “New Central Asia” is taking shape as a unified transport and logistics space. Mutual trade volumes in the region have multiplied, investment flows have increased, and cross-border ventures have expanded. Major projects—from the China–Kyrgyzstan–Uzbekistan railway to rising cargo across the Uzbekistan–Turkmenistan–Iran–Türkiye corridor—are laying the ground for a trans-continental transit hub. At the same time, Uzbekistan’s convening role has grown. In April 2025, Samarkand hosted the first EU–Central Asia Summit, chaired by President Mirziyoyev and attended by EU leaders and all five Central Asian presidents - an event that elevated ties to a strategic partnership and set a broader agenda on connectivity, critical raw materials, energy, and digital links. Environmental diplomacy has also moved up the agenda. The Samarkand Climate Forum gathered UN deputy secretary generals, heads of major environmental organizations, and experts from dozens of countries, signaling a step-change in the region’s engagement on ecology, desertification, and resilience. The Parliamentary Dimension of New Uzbekistan Tashkent’s rising parliamentary diplomacy culminated in the 150th Inter-Parliamentary Union (IPU) Assembly, held between 5–9 April 2025 - the first of its kind in Central Asia – which brought together some 2,000 parliamentarians from more than 140 countries, plus over 20 international organizations. The proceedings, themed “Parliamentary Action for Social...

Opinion: Over the Past Eight Years, New Uzbekistan Has Absorbed Over $113 Billion in Foreign Investments

On the eve of the 34th anniversary of our country’s independence, the Executive Board of the International Monetary Fund finalized the 2025 consultations under Article IV of the IMF Agreement. The Fund’s main conclusion is that Uzbekistan’s economic outlook remains positive amid continued progress in the transition to a market economy. According to the published document, headline indicators are strong, including sustained growth, a reduced consolidated budget deficit, a narrower current account deficit, and an adequate level of international reserves. IMF staff note that the successful implementation of structural reforms supports a favorable baseline. Despite a high degree of uncertainty in global trade policy, the IMF projects real GDP growth will remain robust in the coming years. These trends reflect greater economic openness, ongoing industrialization, active investment policy, and measures designed to build the export potential of promising industries. The reform package - and the decisions already put into effect - aligns with available domestic resources and reserves, supporting long-term, sustainable development across the country and its regions. The commitment to irreversible market transformation allows Uzbekistan to combine targeted state support with space for private entrepreneurial initiative on the path to building a “New Uzbekistan.” In recent years, rising openness and growing investor confidence have driven a steady increase in capital formation. From 2017 to 2024, total foreign investment exceeded $113 billion, more than 80% of which comprised foreign direct investment and loans. Financing activity has been particularly strong in leading industries and the fuel and energy complex, accelerating industrialization in virtually every region. Deepening investment links with China, Russia, Germany, Turkey, Saudi Arabia, the Netherlands, the United States, the United Kingdom, and others is bringing advanced technologies and expertise, modern management practices, expanded localization, and stronger export capacity to priority sectors and regions. These resources are primarily directed to technological upgrades and modernization of existing facilities, as well as the creation of new production sites. Over the past eight years, investment programs have launched more than 96,000 projects worth about $100 billion, creating 1.8 million jobs. In 2024 alone, the value of commissioned projects was nearly eight times higher than in 2017, while the number of jobs increased by 2.6 times. Active involvement by the Head of State has been pivotal. Since the start of this year, visits and high-level events have produced 366 investment agreements totaling $75 billion. Roadmaps have also been approved for 222 projects worth about $45 billion. At the IV Tashkent International Investment Forum held in June, agreements were reached on investments exceeding $30 billion for 144 joint projects. In April 2025, on the sidelines of the 5th International Industrial Exhibition “INNOPROM. Central Asia” in Tashkent, 43 additional investment agreements were signed, with plans to attract a further $1 billion to the industrial sector. Uzbekistan has also intensified outreach to the international community about project opportunities. This year, Investors’ Day events took place in 13 foreign countries, drawing representatives of 700 well-known companies. More than 200 investment projects worth $6 billion were presented to potential...