Financial Times names Uzbekistan one of the new 'mini-middle powers'
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Financial Times names Uzbekistan one of the new 'mini-middle powers'

The Financial Times has included Uzbekistan in the group of new 'mini-middle powers' alongside Kazakhstan and Azerbaijan. These countries are increasing their regional influence due to their geographical location, the presence of trade routes, and their ability to engage with multiple global centers of power.

Carnegie Russia Eurasia Center expert Zaur Shiriyev defines 'mini-middle powers' as states that, while not shaping the global agenda, possess significant influence in specific strategic areas. Shiriyev presented this view in his article for the Financial Times.

According to the specialist, this group of countries avoids choosing between Russia, China, and Western powers; instead, they simultaneously develop partnerships with different sides. This multi-vector approach gives them greater freedom to make independent decisions and reduces the risk of excessive dependence on any single major state.

A key factor driving the growth of influence is the development of transport infrastructure. Kazakhstan and Azerbaijan are already actively involved in the functioning of the Middle Corridor, which connects Asia and Europe bypassing Russia. Uzbekistan is also gradually integrating into this route, opening up new opportunities for expanding foreign trade.

Another important area is the Caspian corridor of green energy. Azerbaijan, Kazakhstan, and Uzbekistan are working on creating infrastructure that will eventually ensure the transmission of renewable energy from Central Asia to Europe via Azerbaijan.

The article's author argues that it is incorrect to view Central Asia solely as an arena of confrontation between Russia, China, and the West. Uzbekistan, Kazakhstan, and Azerbaijan interact with Russia, China, Turkey, the European Union, and the United States, guided primarily by their economic and political interests.

The influence of these states, according to the expert, is determined not so much by their military or economic might as by control over critical resources, transport arteries, and diplomatic capabilities. Consequently, it is becoming increasingly difficult for major global actors to achieve their goals in the region without engaging with these countries.

For Uzbekistan, additional advantages include its population size and geographical location, which allow the country to simultaneously build trade and diplomatic ties with various centers of power and strengthen its status in Central Asia.

Previously, the President of Kyrgyzstan, Sadyr Japarov, announced that before the start of construction of the China—Kyrgyzstan—Uzbekistan railway, he personally visited Moscow to discuss the project with Vladimir Putin. According to the Kyrgyz leader, the Russian side supported the project after this meeting, allowing China to proceed with its implementation.

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A key innovation is the 'counter-guarantee' mechanism, designed to solve the problem of insufficient collateral. Now, when applying for a loan up to 10 billion soums, an entrepreneur only needs to provide collateral for 25% of the required amount; the remaining 75% is guaranteed by the state in conjunction with the Entrepreneurship Guarantee Company and commercial banks.

Three specialized programs operate to support projects at various stages. The 'Business Start' program, with a budget of 100 billion soums, is intended for novice entrepreneurs and uses AI to prepare documentation, offering ready-made business plans and unsecured loans up to 200 million soums. The 'Business Lift' program has been developed for existing enterprises, and the 'Business Yuksilish' program is provided for companies aiming to expand.

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The conditions for selling state property are significantly improving. The required down payment has been reduced from 30% to 15%, and a 25% discount is offered if the object is paid for in full within six months. If half the amount is paid in advance, the remaining debt can be repaid over seven years without interest accrual. Auction periods are also halved, and the starting price of an unsold state asset will gradually decrease to 10% of the initial cost if it is not sold within three months.

The head of state emphasized that the goal is not just to issue loans, but to form a comprehensive system that ensures support for the entrepreneur from the very beginning of their activity until they become a large business. It was previously noted that the total number of entrepreneurs in Uzbekistan exceeds 1.2 million people.

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In the first half of 2026, 338.9 trillion soums were invested in the economy and social sphere of Uzbekistan. This figure exceeds the amount invested during the same period last year by 17.5%.

The largest volume of investment was directed to the industrial, agricultural, and construction sectors. According to data from the National Committee on Statistics, industry became a priority area for investors, accumulating 100.5 trillion soums.

Following in terms of funding volume were agriculture, forestry, and fisheries with an amount of 32.9 trillion soums, as well as construction, which received 32.5 trillion soums. Another 29.9 trillion soums was allocated to the production and distribution of electricity, gas, steam, and air conditioning.

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