No. 3 (2025) Economic Development and Analysis

This article analyzes the concept of financial derivatives, their types and practical application. It also presents the level of development of the derivatives market in Uzbekistan, existing problems and the author's proposals for their elimination. The study highlights the importance of derivatives for the economy, their role in risk management and the opportunities they create for investors. The author proposes important measures to improve the legislative framework, create infrastructure and attract investors to develop the financial derivatives market in Uzbekistan.

Ushbu maqolada tijorat banklarining depozit va kreditlari YIM ga nisbatan tendensiyasi va maqsadli ko‘rsatkichlar bo‘yicha amaldagi holati tahlil qilingan. Tijorat banklari balansidagi depozit va kredit ko‘rsatkichlari statistik va qiyosiy tahlil qilinib, ularning mutanosibligini ta’minlash orqali bank riskini minimallashtirish bo‘yicha ilmiy takliflar hamda amaliy tavsiyalar shakllantirilgan.

The article discusses the valuation of real estate oбjects for accounting purposes. The methods of valuation of real estate oбjects are shown using international financial reporting standards.

The article analyzes modern approaches to improving the risk management system in commercial banks of Uzbekistan. It provides specific statistical data on commercial banks for the period of 2022–2025. Definitions are given for credit, market, operational, liquidity, reputational, and compliance risks encountered in banking activities and practices, along with proposed measures to prevent these risks in the Uzbekistan market. In this regard, methods for risk reduction are suggested through the implementation of artificial intelligence and machine learning technologies, as well as integrated solutions that encompass international standards, technological innovations, and the development of human capital to enhance the financial stability of banks.

В данной статье проанализирован зарубежный опыт внедрения налогового администрирования для крупных налогоплательщиков, в результате которого разработаны предложения и рекомендации по вопросам совершенствования налогового законодательства Республики Узбекистан, а также по дальнейшему совершенствованию налогового администрирования для крупных налогоплательщиков.

Национальная экономика имеет большое значение в социально-экономическом развитии каждой страны, она является ключевым фактором экономического роста, создания рабочих мест, повышения благосостояния населения и обеспечения устойчивого развития. В данной статье представлена информация о роли инвестиций и инноваций в развитии национальной экономики.

This article studies the role of capital market participants in the transition to a green economy, the role of the capital market in the transition to a green economy, the importance of green financial instruments and their approaches to types. The role of green investors in the capital market, the functions of capital market participants in the transition to a green economy, and the share of green bonds in the international green bond market by type are analyzed. Based on the analysis, relevant conclusions are given.

This article analyzes the role and importance of green investments in the development of the green economy in Uzbekistan. It explores the opportunities for implementing green investments to promote environmentally friendly economic activities, develop renewable energy sources, and introduce ecological technologies. Furthermore, existing green investment projects in Uzbekistan are examined, the main barriers to their expansion are analyzed, and appropriate conclusions and recommendations are provided.

This study examines the system of social support for the population in the Republic of Uzbekistan through statistical analysis. The country’s social protection policy is aimed at improving the population’s living standards, increasing employment, and reducing poverty, where official statistical data are of critical importance in assessing its effectiveness. During the research, methods of descriptive and trend analysis were applied using open-access data provided by the Statistical Agency of the Republic of Uzbekistan, the Ministry of Finance, the United Nations (UN), and the World Bank.

This аrticle "privаtizаtion, nаtionаlizаtion аnd public-privаte pаrtnership" prepаred to fаmiliаrize yourself with the regulаtion аnd privаtizаtion of the public-privаte pаrtnership sector, the essence of the science of nаtionаlizаtion аnd its foundаtions, the development of industries, аttrаcting the unemployed to work, аnd functionаl tаsks. The designаtion is widely publicized. The eаrth hаs аlwаys occupied а speciаl plаce in the history of mаnkind, аnd the аttitude towаrds it hаs not lost its significаnce to this dаy. It is аnаlyzed thаt mаn hаs аlwаys tried аnd struggled to own lаnd, use it for economic purposes аnd obtаin а source of income.

This article examines the benefits of use of business intelligence systems to improve the efficiency of management and control over accounting of production costs at enterprises engaged in the production of products.

Econometric modeling is of great importance in ensuring the effective development of agroclusters and assessing their impact on economic processes. This article considers the theoretical and practical aspects of using panel data in analyzing and optimizing the activities of agroclusters. Since panel data takes into account time and territorial factors, it allows studying the short- and long-term dynamics of agroclusters. The article analyzes econometric approaches such as the use of simultaneous systematic models, solving the endogeneity problem using this modeling method, and applying cointegration methods. The research results serve as a scientific and practical basis for ensuring the sustainable development of agrocluster networks, making effective management decisions, and optimizing inter-cluster integration processes.

In the context of the modern global economy, the accelerated adoption of cutting-edge innovative technologies across key economic sectors, social domains, and other areas of activity in the Republic of Uzbekistan emerges as a pivotal factor for ensuring sustainable and dynamic development. The rapid transformation of all facets of the country’s societal and governmental life necessitates systematic support for ongoing reforms, grounded in the latest innovative ideas, developments, and technological solutions. These efforts are aimed at achieving a qualitative leap, positioning Uzbekistan among the leaders of global civilization amidst the trends of digitalization and the transition to a knowledge-based economy. The high relevance of this topic stems from the need to adapt international best practices to Uzbekistan’s national context to establish an effective innovation ecosystem. This study examines diverse approaches to state support for innovation activity implemented in economically advanced and dynamically developing countries. Drawing on this analysis and considering the specifics of Uzbekistan’s national economy and current socio-economic challenges, the authors propose recommendations to enhance the mechanisms of state-driven stimulation of innovation processes in the Republic of Uzbekistan. The suggested directions focus on strengthening the country’s competitiveness within the global landscape.

The article examines the issues of improving the organizational and economic mechanism for the effective development of the hotel services market in the context of implementing the strategy for the development of sustainable tourism, as well as the accelerated development of the tourism sector and turning it into one of the promising sectors of the national economy. The main aspects of the development of the hotel industry are studied, proposals and recommendations are given.

Further development of the field of housing construction, improvement of mechanisms for attracting investments, further improvement of the standard of living of our country, is one of the reforms that are consistently carried out in our country today. At the heart of this article lies the expansion of the economy of our country, the reduction of the unemployment rate through the development of the construction sector in our country, the further improvement of the living well-being of our population, the increase of gross domestic product and economic development.

The article discusses the growing importance of the informatization sector in the economy of Uzbekistan. The development of information technologies and their integration into the economic system play an important role in ensuring the country's economic growth, increasing efficiency and competitiveness. Informatization allows to further simplify and accelerate economic processes through the introduction of modern technologies, especially in the areas of public administration, business and education. In particular, the digital economy, e-commerce, online services, as well as the use of databases and artificial intelligence technologies allow to achieve effective resource management and optimize production and service processes. The development of informatization also affects the improvement of the business environment, the creation of new jobs and ensuring economic stability. The article discusses the integration of information technologies into the economy, digital transformation processes and related economic results. The report also analyzes the opportunities and challenges arising from the transition of Uzbekistan to a digital economy.

This article discusses the demographic dividend. It examines the theoretical views of scientists on the demographic dividend, the advantages and benefits of the demographic dividend, the stages of obtaining it, and the factors, causes, and directions that are important for achieving the demographic dividend.

This article analyzes the current state of the tourism sector in Uzbekistan, the level of development of its infrastructure facilities, and their impact on tourism growth. The article also examines the role of infrastructure elements such as the transport system, hotel services, information and communication technologies, and public safety in the development of tourism and their interconnections. Additionally, it highlights the positive changes that can be achieved in the tourism sector through the improvement of infrastructure and addresses the problems that await solutions.

This article examines approaches to optimizing capital requirements for insurance companies in Uzbekistan. It analyzes existing regulatory frameworks and international standards, including Solvency II. The study explores risks associated with insufficient capitalization and proposes measures to improve capital and reserve management mechanisms. The research aims to adapt advanced regulatory practices to the national insurance market, ensuring its sustainable development.

In this article, the economic importance of real estate, the fact that real estate taxation increases the competitiveness of property and has an important place in determining the tax base, are developed based on the analysis, and relevant recommendations are developed.

This article analyzes the importance of ESG principles in project financing, their impact on business and investment decisions, as well as the benefits of sustainable financing mechanisms. The article provides information on the importance of rating agencies and the ratings they provide through the effective implementation of ESG principles.

The article analyzes the measures taken under the "New Uzbekistan" Development Strategy for 2022–2026 to attract investments. It provides quantitative data on the dynamics of foreign and local investments, their efficiency, and distribution. The article examines Uzbekistan-China investment cooperation, the dynamics of foreign direct investments, portfolio investments, and external loans attracted to fixed capital as of 2023. Additionally, it presents an analysis of investment distribution across regions and the top investor countries.

This research is aimed at improving the mechanism for improving the competitiveness of personnel in the service sector, analyzing the skill level, innovative approaches and professional development of employees of the industry and identifying effective strategies for making them competitive. The study explores factors of human resources capacity building – education, training, motivation and innovative management systems through interviews of industry professionals, surveys and analysis of available literature.

Which generations should companies and sellers in e-commerce adapt to? This question is becoming increasingly relevant in the face of rapid digital technology development and changing consumer habits. Dividing society into generations helps us better understand people born in the same historical period and identify their cultural and social behavior patterns. In the age of technology, special attention is given to Generations Y, Z, and Alpha, who are considered "digital natives" and are exerting an increasing influence on the market. These consumer groups have unique values, perspectives, and lifestyles, making them key players in e-commerce. The aim of this article is to explore how companies can adapt their strategies to effectively engage with these generations.

В статье рассматривается вопрос совершенствования стратегического планирования на текстильных предприятиях по результатам организации эффективных взаимоотношений с поставщиками ресурсов с целью снижения издержек и обеспечения бесперебойности производства.