• KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
20 October 2026

Our People > Sadokat Jalolova

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Sadokat Jalolova

Journalist

Jalolova has worked as a reporter for some time in local newspapers and websites in Uzbekistan, and has enriched her knowledge in the field of journalism through courses at the University of Michigan, Johns Hopkins University, and the University of Amsterdam on the Coursera platform.

Articles

FINNEXT Asia Forum in Tashkent to Discuss Central Asia’s Financial Markets

The third international FINNEXT Asia 2026 forum will take place in Tashkent on November 19. Organizers expect more than 600 representatives of the banking and financial technology industries to discuss AI adoption and changes in financial regulation across the region. The forum will be held at the Hyatt Regency Tashkent, with executives from financial institutions and technology companies in Uzbekistan, Russia, other Central Asian countries, and Europe expected to attend. The agenda includes open banking and digital assets. Yevgeniya Yakunina, chair of the FINNEXT Asia organizing committee, told The Times of Central Asia that organizers hope the event will lead to business agreements and joint projects. [caption id="attachment_58791" align="aligncenter" width="1024"] Image: TCA[/caption] “In 2025, we received 954 registrations from representatives of 520 companies. Banks accounted for 41% of participants,” Yakunina said. According to Yakunina, this year’s priorities include closer cooperation between banks and technology companies, with startups helping address banking challenges and regulatory changes. For the first time, the forum will host the Startup Center: New Wave competition. Teams from Central Asia will present fintech innovations, including projects concerning the digital soum. The judging panel will include representatives of banks and venture capital funds from Central Asia and Russia. Organizers hope the competition will help startups find partners for pilot projects and attract investment. A separate discussion will focus on the economic returns from artificial intelligence, including its use in credit assessments and fraud detection. Yakunina believes financial companies still face difficulties measuring the practical results of AI adoption. “Many companies launch isolated projects without understanding how to measure their impact. Data and specialists are necessary conditions, but they are not the ultimate goal,” she told TCA. The program also includes discussions on digital identity verification and open-banking interfaces for consent-based sharing of customer data. Participants will examine digital assets and regulatory experiments in Uzbekistan. The investment agenda will cover venture capital financing and opportunities for regional companies to access international stock markets. A dedicated insurance track, INSUR Asia, will explore automation in the industry. The forum will conclude with a discussion of prospects for Central Asia’s financial markets in 2027. Announced participants include representatives of Uzbek banks and IT Park Uzbekistan, alongside Gazprombank and Russia’s state development corporation VEB.RF. Insurance companies from Uzbekistan, Tajikistan, and Russia are also expected to attend.

1 hour ago

Uzbekistan Announces $12 Billion in Agreements During Marco Rubio’s Visit

Uzbekistan has announced 54 agreements covering trade, investment, and technological cooperation during U.S. Secretary of State Marco Rubio’s visit to Samarkand. The agreements are worth a total of $12 billion, according to Uzbekistan’s Ministry of Investment, Industry and Trade. The agreements were announced at the second meeting of the Uzbekistan–U.S. Business and Investment Council on October 19. Rubio also met President Shavkat Mirziyoyev that day. The ministry said the agreements cover transport and energy infrastructure, critical minerals, finance, digital technologies, agriculture, healthcare, and education. Rubio’s visit coincided with a C5+1 ministerial meeting, bringing together the United States and the five Central Asian countries. The Uzbek ministry stated that more than 400 business representatives participated in the program, including over 100 from the United States, 100 from other Central Asian countries, and 200 from Uzbekistan. It did not specify how much of the announced $12 billion has secured financing and how much remains at the planning stage. Several international companies were named in the agreements announced during the visit. According to the announced arrangements, cooperation with Wabtec is focused on localizing the production of railway equipment and components. Agreements involving ReElement Technologies, Traxys, and Trafigura cover mineral exploration, development, technological cooperation, and supplies. Other announced projects involve satellite communications with Amazon Leo, medical technologies with GE HealthCare, and agricultural efficiency with Valmont Industries. Speaking to reporters in Samarkand on October 19, Rubio said the visit was expected to produce concrete commercial results. “I think we’ll have some concrete deals to announce, meaning companies that are going to be doing business here that are being welcomed here and that are excited about doing business here,” Rubio said. He emphasized that the agreements should be viewed as the beginning of a broader economic relationship. “I also think that’s just the foundation that we intend to build on. We want to do more. This is not the end. This is the beginning,” he said. In their joint statement, the C5+1 governments supported expanding mineral processing and higher-value production within Central Asia. They also backed further development of the Trans-Caspian Trade Route and closer regional economic integration. The visit also marked the launch of the Enhanced Strategic Partnership Dialogue and Uzbekistan’s signing of the Artemis Accords on peaceful space exploration. From Investment Announcements to Projects In an interview with The Times of Central Asia (TCA), political analyst Abduvali Soyibnazarov described Rubio’s visit and the C5+1 meeting as a potentially important stage in Washington’s relations with Central Asia. Recalling the first C5+1 ministerial meeting, attended by then-U.S. Secretary of State John Kerry in Samarkand in November 2015, Soyibnazarov said the agenda has changed considerably over the past decade, with investment, critical minerals, advanced technologies, and new trade routes moving to the forefront. The analyst argued that Uzbekistan’s main measure of success should not be the number of memorandums signed, but how many projects ultimately secure financing and move forward. Uzbekistan’s investment minister, Laziz Kudratov, put the country’s portfolio of commercial agreements with the United States at...

3 hours ago

IT Park Uzbekistan Named Asia-Pacific’s Best Knowledge Zone

IT Park Uzbekistan won the Knowledge Zone of the Year – Asia-Pacific category at the Global Free Zones of the Year Awards 2026, organized by fDi Intelligence, a publication of the Financial Times Group. The awards assess economic zones on their ability to attract businesses and investment. The publication considered 16 knowledge zones worldwide, with Dubai Silicon Oasis in the United Arab Emirates winning the global title. According to Uzbekistan's Ministry of Digital Technologies, IT Park has more than 4,100 resident companies, including over 1,200 with foreign participation. Together, they employ more than 56,000 people. More than 1,100 companies export services to 102 countries, while IT Park companies exported $392.5 million in services in the first half of 2026, an increase of $90.3 million compared with the same period last year. IT Park statistics for the first half of 2026 show that North America was the largest export market for its resident companies, accounting for 54% of exports. Commonwealth of Independent States countries and other markets accounted for 22%, the European Union and the United Kingdom for 16%, and the Middle East and North Africa for 8%. In 2017, the export network covered just eight countries. The government has also invested in technology training. According to official figures, 1.7 million young people have participated in the One Million Uzbek Coders program, while 1.3 million have taken part in Five Million AI Leaders, an initiative focused on artificial intelligence (AI). More than 18 billion Uzbek soums (approximately $1.5 million) have been allocated to reimburse expenses for international information technology certification and training, benefiting 4,926 young professionals. Another 3.17 billion soums (approximately $263,000) was provided to educational institutions through the IT Talents program for training graduates who secured jobs with companies exporting digital services. In late 2025, the government launched the AI initiative, which provides free online courses. Universities are also establishing AI laboratories, with 20 currently operating. Other initiatives support young people and women in technology, including the ICT4Girls programming competition and startup incubators. Based on its Global Startup Ecosystem Index 2026, StartupBlink named Uzbekistan Country of the Year and identified it as the world's fastest-growing startup ecosystem. Its score in the ranking increased by 227.3% over the previous year, reflecting improvements in measures such as startup activity and the business environment rather than growth in employment or revenue. The country climbed 31 places over two years to rank 79th globally, while Tashkent placed 229th among cities. Analytics platform Dealroom estimated the combined value of the country's venture-backed startups at $4.3 billion. What remains unclear is how many participants in the government's training programs go on to find work in the technology sector. The 56,000 people employed by IT Park companies represent only part of the industry, while the training initiatives cover different levels of education and skills. The ministry's announcement offers no overall figures on participants' subsequent employment or earnings, making it difficult to assess the impact of these large-scale programs.

1 day ago

Uzbekistan Seeks Recognition of Its Driver’s Licenses in Germany

Uzbekistan is seeking recognition of its driver's licenses in Germany to make it easier for its citizens to work in the country's transport sector. The talks are linked to efforts to place Uzbek citizens in jobs with German transport and logistics companies. No agreement on license recognition has been reached so far. The issue was discussed at a meeting between Elyor Toshtemirov, deputy head of Uzbekistan's Migration Agency, and representatives of the German companies Global Talent Alliance and TSK Logistik. The participants discussed driver training and the requirements of German employers. The Uzbek agency intends to raise the possibility of license recognition with the relevant German authorities. Another proposal involves establishing a joint German-Uzbek driving school to train bus and truck drivers. Training would follow German standards so that graduates could qualify for jobs with transport companies in Germany. Under current German rules, drivers with licenses issued outside the European Union and European Economic Area can generally use them for six months after establishing residence in Germany. After that, they must obtain a German license. Professional truck and bus drivers must also meet separate qualification requirements. The meeting also addressed difficulties Uzbek citizens face in obtaining German work visas. Following the talks, the Migration Agency and Global Talent Alliance signed a cooperation agreement. Its terms have not been disclosed in detail. Uzbekistan has already reached an agreement with the United Arab Emirates on mutual recognition of driver's licenses. The relevant memorandum entered into force on January 27, 2024, allowing citizens of both countries to use their national licenses during short-term visits. It also allows Uzbek residents in the UAE to exchange their licenses without taking theoretical or practical driving tests.

4 days ago

Uzbekistan Introduces Life Imprisonment for Rape of Children Under 14

Uzbekistan has introduced penalties of 15 to 25 years in prison or life imprisonment for rape and certain other serious sexual offenses against children under 14. President Shavkat Mirziyoyev has signed a law eliminating the statute of limitations for prosecuting these crimes. The amendments affect five codes and six laws and expand legal protections for children against physical and psychological violence, including abuse by relatives and educational staff. For intentional crimes resulting in a child's death, suspended sentences and early release on parole will be prohibited. “Violence against a young child can never be tolerated, and punishment must be inevitable and uncompromising,” Saida Mirziyoyeva, head of the Presidential Administration, wrote on her Telegram channel. Children who have experienced or witnessed violence will be entitled to free state-funded legal assistance from the moment they become involved in legal proceedings. If a parent, adoptive parent, guardian, or another relative is suspected of the crime, a representative of the guardianship authorities must also protect the child's interests during the investigation and trial. In schools and other educational institutions, staff responsible for teaching or caring for children can be dismissed if held legally responsible for violence against a child. The legislation was approved following a high-profile case in the Namangan region, where reports emerged of alleged sexual violence against a five-year-old girl at a state-run kindergarten in the Uchqurgan district. The case sparked public outrage and debate over appropriate punishment for those responsible. Mirziyoyeva previously stated that responsibility should extend to both the direct perpetrators and officials whose negligence may have allowed the alleged assault to take place. According to the Oliy Majlis, Uzbekistan's parliament, 445 criminal cases involving the rape of children under 14 were opened in the country between 2022 and 2025. The amendments passed the lower house of parliament on September 30, following a first reading on September 29, and were approved by the Senate on October 2.

5 days ago

Women in Tech Uzbekistan Forum Highlights Growing Demand for AI Skills

Uzbekistan is attracting foreign technology companies, expanding IT education, and training young people to work with artificial intelligence. But employers’ needs are changing faster than educational programs can adapt. Just a few years ago, companies were looking for programmers, then cloud technology specialists. Now they need developers capable of building AI systems and autonomous digital agents. Against this backdrop, discussions in Tashkent are focusing on how to increase women’s participation in the technology industry and enable them not only to learn new tools but also to develop their own products. These issues took center stage at the Women in Tech Leadership Forum, held on October 13 at Uzbekistan’s Ministry of Digital Technologies. The event brought together approximately 300 representatives of government agencies, international organizations, technology companies, and the business community. It was organized by the ministry and Women in Tech Uzbekistan, the national chapter of an international organization working to expand women’s participation in technology. [caption id="attachment_58421" align="aligncenter" width="1774"] Kamola Sobirova, an adviser to Uzbekistan’s Minister of Digital Technologies[/caption] Employers Need More Than Programmers Kamola Sobirova, an adviser to Uzbekistan’s Minister of Digital Technologies, explained in an exclusive interview with The Times of Central Asia how international companies’ requirements for local specialists have changed. “A few years ago, there was high demand for programmers. A year or two later, companies started asking us for cloud technology specialists. Then artificial intelligence emerged, and companies needed AI architects and prompt engineers,” Sobirova said. According to Sobirova, employers are now looking for specialists who can develop AI agents – software systems capable of independently carrying out sequences of tasks using artificial intelligence. “We cannot afford to stand still because technology continues to evolve. We must train specialists with up-to-date skills and create the right conditions for them,” she said. Uzbekistan previously ran the One Million Uzbek Coders program and has since launched the Five Million AI Leaders initiative. These programs are designed to provide large-scale training in digital skills, including programming and working with artificial intelligence. AI and the future of women’s work The question of whether AI will eliminate jobs was also raised during the interview. Sobirova rejected the idea that the main effect of AI would simply be widespread job losses. “There is a trend that everyone thinks AI will take over many professions and replace them, or that artificial intelligence has arrived and we will lose our jobs, but it is not like that,” she said. “Artificial intelligence will take the jobs of people who do not have artificial intelligence skills.” She argued that AI should increasingly be viewed as a tool that allows people to work more efficiently rather than simply as a replacement for workers. “Life has become much faster, and in this process artificial intelligence can help us become full users of AI and optimize our work,” Sobirova said. She also said the same principle applies to journalism and other media-related work, where AI can be used to support different parts of the workflow. “Coursera [an online...

6 days ago

Uzbekistan Rejects Claims That the Amu Darya Is Drying Up

Uzbekistan’s Ministry of Water Resources has rejected claims circulating on social media that the Amu Darya River is drying up. The ministry said water continues to flow through the river, although discharge at some locations is lower than a year ago. On October 9, the water level near Termez, where the Amu Darya enters Uzbekistan, was 27 centimeters higher than it had been at the same time in 2025. Farther downstream, however, discharge at the Kerki monitoring station was approximately 11% lower than a year earlier. These figures provide little indication of the river’s longer-term condition. The ministry noted that river flows typically decline in the fall. As the irrigation season ends, water begins to accumulate in reservoirs for use the following year. The Amu Darya is formed by the confluence of the Panj and Vakhsh rivers, which originate in the mountains of Tajikistan and Afghanistan. It supplies water to agricultural regions in Uzbekistan and Turkmenistan, making any changes in its flow a source of concern. Concerns about water shortages are not limited to social media. In a September 30 report, the United Nations Development Programme warned that in dry years too little water reaches the Amu Darya delta in Karakalpakstan, leaving some farmland uncultivated and reducing crop yields. Meanwhile, Central Asian countries have reached another agreement on sharing river water. At an October 7 meeting in Avaza, Turkmenistan, the Interstate Commission for Water Coordination agreed on water withdrawal limits from the Amu Darya and Syr Darya for the fall and winter of 2026–2027, as well as reservoir operating arrangements. However, the published documents do not specify how much water each country will receive. Those figures remain in unpublished annexes to the meeting protocol. Officials also called for an examination of discrepancies in flow measurements at Kerki, one of the monitoring stations cited in the Uzbek ministry’s statement. Another concern is Afghanistan’s Qosh Tepa Canal, which is being built to divert water from the Amu Darya for irrigation. In March, Uzbekistan’s Water Resources Minister Shavkat Khamraev warned that Afghan withdrawals of 4 billion cubic meters annually could create a high risk of water shortages for Uzbek agriculture. Afghanistan is not a member of the regional water coordination commission, meaning its withdrawals are not covered by the October 7 agreement.

1 week ago

AIIB Signs $1.1 Million in Grant Agreements for Caspian Green Energy Projects

The Asian Infrastructure Investment Bank (AIIB) and Azerbaijan have signed two grant agreements totaling $1.1 million. The funds will support preparations for a submarine electricity cable between Kazakhstan and Azerbaijan, as well as preliminary planning for offshore wind infrastructure in the Caspian Sea. Most of the funding, $1 million, is earmarked for the first phase of a feasibility study for the Caspian Green Energy Corridor. The grants are being administered by AIIB through the Multilateral Cooperation Center for Development Finance. The project envisages laying an approximately 400-kilometer submarine power cable. Uzbekistan is also expected to be connected via overland transmission lines. Experts will assess the technical feasibility of transmitting electricity across the Caspian Sea, as well as the scheme's economic viability and environmental impact. The Asian Development Bank will provide another $1 million for the study, bringing its total funding to $2 million. A separate $100,000 grant will support preliminary planning for shore-based infrastructure for Azerbaijan's offshore wind industry. This includes port facilities and vessels, as well as connections between future wind farms and the power grid. Kazakhstan, Uzbekistan, and Azerbaijan agreed to develop the energy corridor in November 2024 at the COP29 climate conference in Baku. In March 2026, the Mazhilis, formerly the lower house of Kazakhstan's parliament, approved an agreement on a strategic partnership among the three countries in the production and transmission of green energy. Kazakhstan formally ratified the agreement in April. The corridor would enable exports of renewable electricity from Kazakhstan and Uzbekistan to Azerbaijan, with the possibility of further deliveries to Europe. Regional cooperation plans also cover the production and export of green hydrogen and ammonia using renewable energy. Azerbaijan's Energy Minister Parviz Shahbazov said the agreements would help develop offshore wind energy and expand opportunities to export electricity from the Caspian region and Central Asia. AIIB Chief Investment Officer Konstantin Limitovskiy stressed the importance of preparatory studies in attracting investment to regional energy infrastructure. AIIB's 12th Annual Meeting will take place in Baku, Azerbaijan, on July 14–15, 2027.

1 week ago

Uzbekistan Gold Reserves Rise to 446 Tons Despite Price Drop

Uzbekistan's gold reserves increased by about 7 metric tons in September, bringing its total holdings to approximately 446 tons, according to figures published by the Central Bank of Uzbekistan. The increase followed purchases of 8 tons in August, bringing Uzbekistan's purchases since the beginning of the year to nearly 50 tons by the end of that month. According to the World Gold Council, Uzbekistan was the third-largest central bank buyer of gold during this period, behind Poland and China. Physical gold holdings increased from 14.11 million to 14.34 million troy ounces in September. However, the value of Uzbekistan's international reserves fell by $5.54 billion, or 7.69%, to $66.58 billion as of October 1. The value of its gold holdings alone declined by $4.83 billion to $60.08 billion. The foreign currency component of the reserves also decreased by $702.8 million, or 10.59%, to $5.92 billion in September. Gold now accounts for approximately 90% of Uzbekistan's international reserves. The decline in the value of the reserves was largely due to falling global gold prices, which dropped by approximately 10% from a late-August high of $4,660 per troy ounce to around $4,176 at the end of September. The World Gold Council attributed the decline to a stronger U.S. dollar, rising U.S. Treasury yields, and investors reducing their positions in gold futures. Higher bond yields make gold less attractive because, unlike bonds, it pays no interest.

1 week ago

Uzbekistan Solar Panel Program Targets 3,100 Sites in $20 Million Project

A $20 million solar-panel program in Uzbekistan has so far provided 1,580 homes and 334 public institutions with free electricity-generating systems. A further 1,197 households are expected to receive the equipment by May 2027. The program, known as Yorqin Xonadon (“Bright Home”), is being implemented by Uzbekistan's Ministry of Energy, Saudi energy company Acwa, and China Southern Power Grid International. According to information provided to The Times of Central Asia by Acwa, the initiative was launched in April 2023. About 65% of the new installations are intended for Karakalpakstan, an autonomous republic in northwestern Uzbekistan that has been severely affected by the drying of the Aral Sea. Each home receives solar panels with a capacity of approximately 3 kilowatts (kW) and a battery with a storage capacity of 4.8 kilowatt-hours (kWh). During the day, the system generates electricity, while stored energy can be used in the evening or when sunlight is insufficient. How well this setup meets a particular family's needs depends on its electricity consumption and the season. Program participants can reduce their electricity bills and receive payments for surplus power supplied to the grid. According to the Ministry of Energy, more than 45,000 people received a total of 209.2 billion soums (approximately $17.8 million) for electricity supplied to the grid in 2025. While the initiative could help recipients reduce their electricity bills, its contribution to the country's overall energy needs will be small. The 2,777 household installations planned under the program would together provide about 8.3 megawatts (MW) of generating capacity. Based on the country's solar potential, these systems could generate approximately 12–13 million kWh annually, less than 0.02% of the 86.7 billion kWh produced nationwide in 2025. The estimate excludes installations at public institutions, for which capacity figures have not been provided. Uzbekistan's electricity consumption is rising, while natural gas remains the country's main source of power. Large solar and wind farms generated 10.5 billion kWh of electricity in 2025. Although Yorqin Xonadon will make only a small contribution to national electricity generation, it could help thousands of low-income households reduce their energy bills.

2 weeks ago