• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10676 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10676 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10676 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10676 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10676 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10676 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10676 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10676 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
06 February 2026

Viewing results 1 - 6 of 4

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...

China Steps Into the Central Asian Power Vacuum

China’s footprint in Central Asia is growing rapidly, with the number of joint projects and strategic initiatives expanding across the region. Analysts attribute this shift to the waning influence of both Russia and the United States. Kazakhstan: From Agriculture to Atomic Energy In recent months, China has significantly deepened its cooperation with Kazakhstan. As The Times of Central Asia recently reported, on July 24, the Kazakh Ministry of Finance announced a pilot project with China involving unmanned freight trucks crossing the Bakhty (Kazakhstan) and Pokitu (China) border points. The initiative, known as "Smart Customs," will employ autonomous guided vehicles (AGVs) and implement a unified electronic customs declaration system recognized by both countries. Further institutional cooperation had earlier emerged on July 23, with the launch of the China-Central Asia Poverty Reduction Cooperation Center and the China-Central Asia Education Exchange and Cooperation Center in Urumqi, Xinjiang. These centers aim to deepen collaboration on poverty alleviation and education, priorities reaffirmed during the second China-Central Asia Summit in Astana, where 24 bilateral agreements were signed during President Xi Jinping’s visit. Meanwhile, China is asserting itself in Kazakhstan’s energy sector. On June 14, the China National Nuclear Corporation (CNNC) was announced as the leader of a consortium to build a new nuclear power plant in Kazakhstan. Although Russia's Rosatom is slated to construct the country's first nuclear plant, logistical and financial setbacks at its Akkuyu project in Turkey have led some experts to suggest that CNNC may ultimately be responsible for Kazakhstan’s inaugural facility. Meanwhile, as previously reported by The Times of Central Asia, transit routes through Russia are seeing multiple problems, with Kazakhstan temporarily suspending oil exports via the Black Sea ports of Novorossiysk and Yuzhnaya Ozerovka due to newly enforced Russian regulations. At land borders, new entry procedures for foreign citizens, including Kazakhs, have led to massive traffic jams. China’s Strategic Pivot According to sociologist Gulmira Ileuova, China's assertive role is a response to the diminishing presence of both Russia, distracted by the war in Ukraine, and the United States, which has scaled back developmental efforts. In March, President Donald Trump signed an executive order curtailing the global operations of the United States Agency for International Development (USAID), leading to the suspension of several NGO and media initiatives in Central Asia. “China is rapidly filling the vacuum,” Ileuova noted in an interview with The Times of Central Asia. “Beijing is transitioning from economic engagement to ideological influence, promoting narratives of social harmony and a shared future.” Ileuova anticipates that a broad ideological campaign, comparable to the "One Belt, One Road" infrastructure initiative, may follow, amplifying China’s soft power in the region. Rather than emphasizing democratic values, Chinese cooperation projects often focus on poverty alleviation, which finds greater resonance among Central Asian populations. Xi Jinping’s Repeated Visits Signal Priority As previously stated, Chinese President Xi Jinping visited Kazakhstan on June 16 for the Second China-Central Asia Summit in Astana, during which leaders signed the Astana Declaration and a treaty on “eternal good-neighborliness.” According to political...

Uzbekistan Engages Elders in Poverty Alleviation Efforts

In a unique initiative, Uzbekistan is involving community elders as mentors to support poor families. This program, outlined in a decree by President Shavkat Mirziyoyev, seeks to reduce poverty and enhance living conditions for disadvantaged populations. Empowering Through Mentorship Under the “From Poverty to Prosperity” program, elders will mentor families in agricultural practices, promoting self-sufficiency through farming. The initiative also assists families in renting mobile stores and obtaining equipment to start small businesses. In addition to economic support, the program encourages healthy living. Mentors will educate families about balanced diets, physical activity, and disease prevention. Elders will also engage citizens in community service and address child-rearing issues within impoverished households. This approach combines the efforts of the state, society, and active citizens, creating a unique model of community-driven poverty alleviation in Uzbekistan. Comprehensive Anti-Poverty Measures The “From Poverty to Prosperity” program aims to lift 500,000 people out of poverty by the end of 2024 and an additional 1 million in 2025. In September 2024, Mirziyoyev approved initiatives focused on entrepreneurship, vocational training, and infrastructure development in low-income areas. In 2025, $1.6 billion will be allocated to infrastructure projects, including installing water pumps and solar panels in 300 underdeveloped neighborhoods. These measures aim to unlock the potential of citizens while encouraging personal responsibility for wellbeing.

Uzbekistan Targets Economic Growth and Poverty Eradication

According to a report newly published by the US Department of State, titled “2024 Investment Climate Statements: Uzbekistan”, the country aims to develop its economy, work towards eliminating poverty and  achieve above-average income status by 2030. The government regards foreign direct investment as key to attaining its goals, and increasing interest has been expressed by American investors. Although challenges remain, Uzbekistan has the potential to become a regional economic leader thanks to its large and growing population, rich natural resources, and developed infrastructure. Bilaterally landlocked, the economy largely depends on trade with regional neighbors and thus, Uzbekistan cannot provide stable employment for its rapidly growing population of 37 million. State policy aims to ensure social stability and stabilize growth rates by directing public and private investments to areas that will create new jobs and strengthen the country’s economic sovereignty. The Government of Uzbekistan (GOU) manages investment flows through annual and mid-term investment programs, mainly concerning developments in infrastructure, industrialization, and natural resource projects. The current National Investment Program for 2023-2025 comprises nearly 800 projects worth $55.4 billion. Medium-term targets for 2030 are eradicating poverty and becoming a high-middle-income country. Foreign ownership and the control of airlines, railways, long-distance telecommunication networks, and other sectors related to national security require special GOU permission. By law, because foreign nationals cannot obtain a license or tax permit for individual entrepreneurship in Uzbekistan, they cannot be self-employed and must be employed by a legally recognized entity. The law in Uzbekistan states that local companies with at least 15% foreign ownership can qualify as having a foreign investment. The minimum fixed charter-funding requirement for a company with foreign investment is 400 million UZS (USD 1 equals 12,500 UZS as of March 2024). Minimum charter funding requirements can differ for business activities subject to licensing. For example, that for banking activities is 100 billion UZS; for microcredit organizations, 2 billion UZS; for pawnshops, 500 million UZS; for production of ethyl alcohol and alcoholic beverages,10,000; for lotteries, 200 million UZS; and for tourism operators, 400 BCRs; Base Calculation Rates (BCR) (one BCR equals 340,000 UZS or about $27, as of March 2024). Foreign investment in media enterprises is limited to 30%. The government closely monitors foreign investment in strategic sectors such as mining, energy, transport, banking, and telecommunications. There is no straightforward screening process, and some laws are designed to protect domestic industry and limit foreign competition, such as banning 529 imported goods in 2021. The ban applies when there are at least two domestic suppliers but no restrictions are imposed on US investors. Uzbekistan has laws to protect entrepreneurs and investors, including “On Competition” and “On Investments.” However, the rules can be complex and sometimes contradictory. In some cases, businesses must comply with government decisions that are unavailable to the public. Foreign investors often seek benefits through Presidential Decrees to avoid such issues, though these can be easily revoked. The regulatory system reform is still in progress. The government’s “Uzbekistan 2030” development strategy includes a range of...