Uzbekistan and Asian Development Bank to Strengthen Insolvency System Reform
Read more
UzDaily
uzdaily.uz

Uzbekistan and Asian Development Bank to Strengthen Insolvency System Reform

The Ministry of Justice of Uzbekistan announced plans to expand cooperation with the Asian Development Bank (ADB) in improving the national insolvency system.

Discussions on further steps for reforming this sector took place on August 27. The meeting was held by Muzaffa Ikramova, Deputy Minister of Justice of Uzbekistan, and Christina Park, Assistant General Advisor of the ADB for Legal and Political Reforms.

The main focus was on harmonizing insolvency legislation with international standards. The parties also considered the possibility of involving foreign specialists to prepare and analyze draft laws.

Another area of cooperation will be the professional training of employees of the Agency for Insolvency and judicial administrators. Specifically, participants discussed organizing educational programs for them abroad.

Furthermore, the topic of digitizing procedures related to insolvency cases was addressed at the meeting. As part of this initiative, the parties intend to launch a Unified electronic platform covering relevant procedures.

Following the negotiations, both sides confirmed their readiness to continue the reform of the insolvency system based on international experience and to expand practical cooperation between Uzbekistan and the ADB in this field.

Similar stories

Azerbaijan President Ilham Aliyev noted the rapid pace of Uzbekistan's development
Read more
uzdaily.uz

Azerbaijan President Ilham Aliyev noted the rapid pace of Uzbekistan's development

Azerbaijan President Ilham Aliyev stated that Uzbekistan is demonstrating rapid development. He emphasized the expansion of bilateral ties, growth in trade and economic cooperation, the development of energy projects, and interaction within the framework of the Organization of Turkic States. These remarks were made during an interview ahead of his upcoming state visit to Uzbekistan, as reported by UzA.

According to Aliyev, relations between Azerbaijan and Uzbekistan have reached the highest level in recent years—the level of allied relations. He noted that over the past five years, both countries have held fifteen high-level mutual meetings. The upcoming trip will be Aliyev's third state visit to Uzbekistan in five years and his seventh visit overall.

Aliyev recalled that during visits in 2024 and 2025, the countries signed a declaration on deepening strategic partnership and a treaty on allied relations. The Supreme Intergovernmental Council between Azerbaijan and Uzbekistan has been operational since 2023.

Regarding trade and economic interaction, Aliyev reported that the volume of bilateral trade in 2025 more than tripled compared to the previous year, reaching 795 million US dollars. In the period from January to May 2026, this figure increased by 33% year-on-year, amounting to 144 million US dollars.

He also mentioned the Azerbaijan-Uzbek investment company, established three years ago with a capital of 500 million US dollars, as well as the work of the Intergovernmental Commission, which has held 15 meetings.

Aliyev spoke about cooperation in the energy sector, including the joint venture Neftgaztexnologiya, operating since 2016, and the company Yaşıl Dəhliz Birliyi, founded in 2025 to implement the Azerbaijan-Central Asia green energy corridor project. According to Aliyev, transit cargo flow between the two states grew by 6.7% in 2025 to 1.4 million tons. In January-June 2026, transit volumes increased by 12.2%, reaching 675,000 tons.

Furthermore, he noted that as of July 13, 2026, over 10,700 Chevrolet cars and 275 Isuzu buses had been produced in Uzbekistan. Azerbaijani investment projects are also being implemented in Uzbekistan, including the construction of The Ritz-Carlton hotel in Tashkent by PASHA Holding.

Aliyev separately highlighted cultural and humanitarian cooperation, which includes holding cultural days by both countries, media forums, NGO forums, and launching a joint grant competition for NGOs in 2026. He also noted an increase in the number of Uzbek tourists visiting Azerbaijan: from 46,000 people in 2024 to 62,000 in 2025 and 44,000 in the period from January to August 2026. The kinship ties between several cities of the two countries were also mentioned.

In terms of multilateral cooperation, Aliyev stressed the significance of the XII Summit of the Council of Heads of State of the Organization of Turkic States, which took place in Gabala. He also emphasized Azerbaijan's participation in the format of consultative meetings of Central Asian Heads of State, which took place at the seventh meeting in Tashkent in November 2025. In Aliyev's opinion, this effectively expanded the 'C5' format to 'C6'.

In conclusion of the interview, Aliyev congratulated the people of Uzbekistan on the upcoming 35th anniversary of the country's state independence and wished it peace, prosperity, and further success.

Uzbekistan and Kazakhstan Discussed the Development of Bilateral Cooperation
Read more
uzdaily.uz

Uzbekistan and Kazakhstan Discussed the Development of Bilateral Cooperation

The Chairman of the Senate of Uzbekistan, Tanzila Narbaeva, held a meeting with the Ambassador of Kazakhstan to Uzbekistan, Yurali Tugzhanov, to discuss areas of bilateral interaction between the countries.

During the negotiations, parliamentary ties, as well as political, trade, economic, cultural, and humanitarian relations between Uzbekistan and Kazakhstan were addressed. The parties noted that the friendly and brotherly relations between the two states continue to strengthen thanks to warm ties between the heads of state.

Special attention was paid to inter-parliamentary cooperation. Participants emphasized the importance of further exchange of experience in the fields of lawmaking and parliamentary control, as well as in working with territorial Keneshes, implementing Sustainable Development Goals, combating corruption, and ensuring gender equality.

Narbaeva and Tugzhanov also exchanged views on the current constitutional reform in Kazakhstan and the new parliamentary model of the country. It was noted that the new Constitution of Kazakhstan will enter into force on July 1, 2026.

According to the materials presented at the meeting, the parliament of Kazakhstan will function as a unicameral Kurultai, and the first elections are scheduled for August 23.

Uzbekistan and Japan Discuss Expanding Agricultural Cooperation
Read more
uzdaily.uz

Uzbekistan and Japan Discuss Expanding Agricultural Cooperation

The Ministry of Agriculture of Uzbekistan reported that Uzbekistan and Japan are discussing plans to increase interaction in the agricultural sector, including defining priority areas and new initiatives.

Tashkent, Uzbekistan

Deputy Minister of Agriculture Alisher Shukurov met with a delegation from the Japan International Cooperation Agency (JICA) to discuss the development of this sector. A central point of the negotiations was attracting new projects that could be supported by preferential loans from the Japanese government under the Official Development Assistance (ODA) program.

During the meeting, the parties examined issues of modernizing the agrarian sector, implementing advanced technologies, and increasing investment partnership. Key tasks were identified for Uzbekistan's agriculture, such as improving production efficiency, rational use of water resources, expanding the application of modern agricultural technologies, and increasing the competitiveness of agricultural products.

Representatives of the two countries studied the possibilities of applying Japanese experience in Uzbek farming. After the meeting, representatives from Uzbekistan and JICA confirmed their readiness to continue strengthening cooperation and jointly implementing planned agricultural projects.

Popular