Hey, great Turan, land of lions!
What has become of you? What are these days you endure now?
Oh, glorious cradle of Genghis, Timur, Oghuz, and Attila!
Where have the esteemed seats you once held gone?..
Abdurauf Fitrat

An American politician once said of the current life and fate of the Central Asian region: ‘They are neither post-Soviet nor post-communist countries now’.
Today no specialist knowledge is needed to understand this idea, which suggests that such labels are outdated in the research community. For example, ten to fifteen years ago the political behaviour of Central Asian societies – neighbours for thousands of years – was prone to national separatism, mutual dislike and latent hostility, but today they have undergone a remarkable transformation. Ideologues and ordinary Central Asians only a couple years ago endeavoured to prove their superiority, their antiquity and, for these very reasons, their greater belonging to the historical and cultural heritage of the region. Though they still might hurl some sharp insults at each other, now they have become united neighbours. READ MORE

• EGF Editor  |  Published on EGF: 21.08.2024  |  Markets
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Qodir Djuraev,
Vice Chairman, Committee for International Affairs and Inter-parliamentary Relations, Legislative Chamber of Oliy Majlis of the Republic of Uzbekistan

The World Trade Organization (WTO) is the world’s largest and most influential trade and economic organization, renowned for its capacity to provide a comprehensive legal system for international trade. Critical documents enacted by the organization place responsibility on member states to conduct trade policy according to commonly agreed criteria. The aim is to help producers, exporters, and importers of goods and services operate successfully in the global market. READ MORE

• EGF Editor  |  Published on EGF: 09.08.2024  |  Markets
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According to the IMF's assessment, the nominal GDP of the Republic of Uzbekistan in 2023 increased by 125.6 trillion sums ($10.7 billion) and amounted to 1,192.2 trillion sums ($101.6 billion).
CERR hosted a discussion among experts and academics regarding a study conducted by the Statistics Agency in collaboration with the IMF. The primary goal of this study was to assess the size of the unobserved economy in Uzbekistan and examine its impact on other macroeconomic indicators. READ MORE

• EGF Editor  |  Published on EGF: 05.08.2024  |  Markets
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Bekzod Jurabayev
Chief scientific researcher of the Institute of Legislation and Legal Policy under the President of the Republic of Uzbekistan, Chairman of the Council of Young Scientists of the Institute

Uzbekistan is a country of youth. According to statistical data, about 60% of Uzbekistan's population is under the age of 30. Thus, over 18 million residents of Uzbekistan are young people, and by 2040 this number could reach 25 million. This creates unique opportunities and specific challenges for the state in terms of providing education, employment, and social integration for the youth. On February 21 of this year, a Presidential Decree approved the State Program for the implementation of the "Uzbekistan - 2030" Strategy in the Year of Support for Youth and Business. It outlines a number of tasks aimed at addressing the problems faced by young people and realizing their potential. READ MORE

• EGF Editor  |  Published on EGF: 05.07.2024  |  Markets
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Nilufar Doniyorkhodjaeva,
Head of Department Development Strategy Center,
Tashkent, Uzbekistan

Uzbekistan has been undergoing a transformational journey since it changed political leadership in 2016. The nation is implementing extensive reforms aimed at spanning anti-corruption measures, business climate enhancements, judicial reforms, improving labour conditions, administrative efficiency, protection of human rights, and good governance. READ MORE

• EGF Editor  |  Published on EGF: 22.06.2024  |  Markets
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By Fuad Shahbazov, Baku-based independent regional security and defence analyst

Since its victory in the Second Karabakh War with Armenia in 2020, the Azerbaijani government has begun a massive reconstruction of the former war-torn region. Azerbaijan has demonstrated a firm commitment to reconstructing Nagorno-Karabakh, which was largely neglected and left unattended for three decades. According to the Azerbaijani state media, between 2020 and 2023, the authorities have allocated AZN12 billion to Karabakh's reconstruction/rebuilding process and an additional AZN4 billion AZN in 2024. Overall, the state programme dubbed “Great Return” envisions the allocation of AZN30.5 billion from the state budget between 2022 and 2026. Considering the fact that the reconstruction is a lengthy and costly process, at the first stage, Azerbaijan prioritized the reconstruction of larger urban areas such as Aghdam, Lachin, Shusha, Fuzuli, and Zangilan in order to initiate the steady return of former Azerbaijani IDPs, making those areas economically attractive for potential local and foreign investors. READ MORE

• EGF Editor  |  Published on EGF: 31.05.2024  |  Markets
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Center for Economic Research and Reforms (CERR), together with UNICEF, assessed the level of monetary child poverty in Uzbekistan. The study analyzed the impact of the social protection system on the poverty level. According to the calculations, in the absence of social payments, the child poverty rate in the country would have increased by 1.6 times.

April 1, 2024. The Center for Economic Research and Reforms (CERR), together with the United Nations Children's Fund (UNICEF) in Uzbekistan, conducted an assessment of the level of poverty among the child population, as well as an analysis of the effectiveness of the social protection system. READ MORE

• EGF Editor  |  Published on EGF: 02.04.2024  |  Markets
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Karakalpakstan has a unique and rich cultural heritage. It includes ancient architectural and archaeological monuments, unique folklore, performing arts, ceremonies and customs, as well as traditional handicrafts.

The territory of Karakalpakstan is rich with architectural and archaeological monuments, most of which are defensive constructions, including a number of impressive fortresses along the borders of settlements. The majority of the earliest constructions date back to the IV century B.C., when Ancient Khorezm freed itself from the Achaemenid Empire. READ MORE

• EGF Editor  |  Published on EGF: 20.03.2024  |  Markets
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In the heart of Central Asia, Uzbekistan, a country known for its dazzling architecture and rich history, is emerging as a promising eco-tourism destination.

Eco-tourism in Uzbekistan presents an opportunity to explore the country’s natural beauty while contributing to its sustainable development. As more travelers seek out eco-friendly travel options, Uzbekistan stands as a testament to the power of eco-tourism to transform not just the landscape, but also the lives of the people who call it home. READ MORE

• EGF Editor  |  Published on EGF: 14.03.2024  |  Markets
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One of the key principles of Uzbekistan's economic growth is the widespread and parallel regional development, based on a deep analysis of the socio-economic situation of the country’s regions, including the study of resource base, production, transport-logistics potential, and demand for various high-value-added products.

According to the Ministry of Investment, Industry and Trade, based on the analysis results, regional investment programs (RIP) are formed annually and approved by the Government Commission, implemented with the coordination and support of the Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan. Considering the identification of new opportunities, the list of projects expands throughout the year. READ MORE

• EGF Editor  |  Published on EGF: 27.02.2024  |  Markets
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