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last updated on 18 July 2024 | reading time approx. 4 minutes
Uzbekistan's development has been stable in recent years and the outlook for the country is encouraging. The government is implementing a series of reforms to improve the investment climate, diversify the economy and promote the development of the private sector. Uzbekistan's economic growth is expected to reach 5.5 percent in 2023 and remain at this level in 2024 and 2025. Uzbekistan has adopted the "New Uzbekistan Development Strategy for 2022-2026", which includes a number of initiatives and goals to improve all aspects of the country and society. Uzbekistan is actively adapting to climate change, which can help accelerate economic growth and improve living standards. Uzbekistan is also actively addressing environmental issues, including the transition to a green economy and the use of renewable energy sources. One of the main priorities of the strategy is to improve the business environment. These reforms are already bearing fruit and are expected to have a positive impact on the country's economy in the coming years.
Michael Quiring
Attorney at Law (Germany)
Partner, Office head
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Rödl & Partner in Uzbekistan