Mirziyoyev Reviews Economic Performance, Business Support

Tashkent, Uzbekistan (UzDaily.com) — President of Uzbekistan Shavkat Mirziyoyev reviewed a report on measures to ensure projected economic indicators for the first quarter of 2026 and to mitigate the impact of global market instability on the national economy.

According to the report, industrial production increased by 7.7% in January–February, while the services sector expanded by 15.4%. Exports reached US$3.5 billion, and foreign investment inflows totaled US$8.3 billion. To stimulate socio-economic development in nine regions, an additional 2.3 trillion soums and US$500 million were allocated.

Local budgets of 33 districts and 330 mahallas under the “New Uzbekistan” program received 3.9 trillion soums. Another 37 challenging districts and 903 mahallas were provided with 3.9 trillion soums, along with 1.3 trillion soums from local sources. At the initial stage, 1 trillion soums were allocated for the implementation of 283 priority projects.

By the end of the year, 1.2 trillion soums is planned to be directed toward infrastructure development along busy streets, waterfronts, and roadside areas. An additional 450 billion soums will be allocated to improve tourist-friendly mahallas, while 150 billion soums will fund the creation of 50 industrial microcenters across 400 mahallas.

The report highlighted that escalating global tensions are putting pressure on economic stability, trade routes, and import prices. Officials were instructed to proactively assess risks and adopt scenario-based planning, with particular focus on maintaining inflation within 6–6.5%.

Rising global oil prices and their impact on transport and petrochemical costs, including polyethylene and polypropylene prices, were also discussed. Authorities were tasked with ensuring timely food imports, improving logistics operations, and utilizing alternative trade routes. Addressing business concerns related to raw materials, market access, and financing was emphasized as a priority.

Special attention was given to transport and logistics support for exporters. The President instructed to strengthen cooperation with neighboring countries, organize food exports via air transport, and introduce preferential tariffs for entrepreneurs.

Foreign investment also remained a key focus. Amid global uncertainty, officials were tasked with daily monitoring of each project and maintaining direct dialogue with investors. The meeting also reviewed business lending trends and support measures for the banking and construction sectors.

Mirziyoyev stressed that despite positive economic dynamics, officials must remain vigilant, promptly identify risks, act on clear plans, and respond swiftly to emerging challenges. Specific instructions were issued to contain inflation, ensure industrial and export targets, accelerate investment projects, and address potential issues in the banking system and construction programs.