Year: 2020

The COVID-19 pandemic that swept the globe in 2020 and triggered a global crisis is likely to radically change life around the world. In addition, the pandemic equally threatens countries with different economic situations and political systems and forces them to take security measures. The pandemic, which has completely disrupted the economic processes in the countries of the world, as well as its negative impact on strategies developed at the national level, now require a wide range of discussions, scientific and practical recommendations and political decisions.

Based on the foregoing and in pursuance of the Decree of the President of the Republic of Uzbekistan No.PD-5953 dated 03.02.2020 “On the State Program for the Implementation of the Strategy of Action in Five Priority Areas of Development of the Republic of Uzbekistan in 2017-2021 in the Year of Development of Science, Education and the Digital Economy”, Resolutions of the Cabinet of Ministers of the Republic of Uzbekistan No. 981-f of January 29, 2019 and No. 56-f of February 7, 2020 and Order of the Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan No. 116 of February 13, 2020, in the Tashkent State Economic University on December 10-11, 2020, an international scientific online conference was held on the topic “Action strategy of the Republic of Uzbekistan: macroeconomic stability, investment activity and prospects for innovative development”.

The conference is a major international scientific event, the main goal of which is to develop scientific, methodological and practical proposals and recommendations for the implementation of advanced, modern approaches to the formation of a competitive environment, a new approach to economic sectors affected by the global pandemic.

Discussions at the conference were held in the following sections:

Strategy of actions in five priority directions of development of the Republic of Uzbekistan for 2017-2021 as an example of the responsibility of state policy;

Reducing the impact of the pandemic on the economy using electronic digital technologies in government and real sector organizations;

Increasing the number of jobs due to the rapid development of the private sector, ensuring healthy competition, doing business and a favorable investment climate;

Achievement of high rates of economic growth through liberalization of monetary and fiscal policy and diversification of the economy.

Based on the sections highlighted at the conference, the following important issues were discussed in detail.

Main issues discussed:

socio-economic trends and events in the world economy, their impact on the national economy;

human capital: ways to increase it and international calculation methods;

comprehensive and balanced socio-economic development of regions, effective and optimal use of their potential;

modernization and accelerated development of agriculture;

comprehensive targeted measures to liberalize the foreign exchange market;

carrying out economic policy in accordance with international standards, with the aim of liberalizing foreign trade and creating an effective market economy;

reducing government intervention in the economy, increasing the role and importance of the private sector in the economy.

The conference was attended by Deputy Prime Minister of the Republic of Uzbekistan for financial and economic issues and poverty reduction, heads of top organizations, such as the Ministry of Finance of the Republic of Uzbekistan, the Ministry of Innovative Development of the Republic of Uzbekistan, the Ministry of Economic Development and Poverty Reduction of the Republic of Uzbekistan, the Ministry of Employment and labor relations of the Republic of Uzbekistan, the Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan, the State Tax Committee of the Republic of Uzbekistan, the Development Strategy Center, University rectors. Scientists, university leaders and experts from about 20 countries, including the USA, Germany, Russia, South Korea, Indonesia, Malaysia, Poland and Kazakhstan, also took part in the conference.

In turn, the conference served as a platform for the exchange of experience between leading experts.


IT Park is launching several competitions in nine areas in various directions.

The competitions will be aimed at the implementation of projects that can subsequently be introduced into the public sector and thereby help the development and digitalization of Uzbekistan.

Projects areas are:

1. Agriculture;

2. Banking sphere;

3. Construction;

4. Transport;

5. Healthcare;

6. Education;

7. Energy;

8. Land resources, geodesy, cartography, state cadaster;

9. Geology, mineral resources.

What do we expect from the participants?

A digital solution that will help digitalize the economy: application, service, device, etc.

Stages of conducting:

Stage 1: competition and selection of the best projects;

Stage 2: acceleration of projects within the framework of interaction and close cooperation with state bodies in the fields;

Stage 3: implementation of the best projects in the sphere of economy and financing.

Registration for stage 1 is open until December 16!

Registration and detailed information is on the website:

For reference:

Each sector of the economy has its own directions for submitting projects.

Detailed information is on the website: 

Apply and get a chance to get prizes and go to the acceleration program at IT Park, according to the results of which, projects will be funded and implemented in the socio-economic sectors of Uzbekistan.

Tashkent State University of Economics (Uzbekistan) and Saitama University (Japan) signed Memorandum of Understanding. According to the agreement, both side will exchange teachers and students for developing bilateral relations between countries and sharing the best experience and knowledge .

For reference: Saitama University (埼玉大学 Saitama Daigaku abbreviated 埼大 Saidai) is a Japanese national university located in a suburban area of Sakura-ku, Saitama City capital of Saitama Prefecture in Tokyo Metropolitan Area.

The University has five faculties (schools) for undergraduate education -Liberal Arts, Education, Economics, Science, and Engineering- and four graduate schools -Cultural Science, Education, Economic Science, and Science and Engineering-, all offering programs leading to doctorates as well as master’s degrees. The total enrollment in the university is more than 8,500 with more than 500 overseas students pursuing undergraduate and postgraduate studies .

Key statistics: Type: National University Established: 1949 QS World University Ranking: #801-1000


Today’s reform process requires further cooperation with foreign higher education institutions, involvement of foreign professors and teachers in education, organization of joint educational programmes. As a result, a memorandum of understanding was signed between Tashkent State University of Economics (TSUE) and the London School of Economics and Political Science (LSE) during today’s online event.

The negotiations were attended by:

  • Professor Paul Kelly, Dean of EMFSS (Economics, Management, Finance and Social Sciences) Programmes
  • Professor David Webb, Academic Head, LSE Extended Education
  • Ms. Elizabeth Aitken, Director of Extended Education
  • Doctor Francesco Nava, Academic Director, EMFSS Programmes
  • Mr. Miles Davies, Senior Business Development Manager.

Foreign compatriot Khamid Irgashev, ACA, ACCA who is Assistant Professor of Faculty of Accounting and Finance, Hult International Business School expressed his views within the framework of this cooperation. At the same time, he works as a foreign advisor and expert at Tashkent State University of Economics.

Rector of Tashkent State University of Economics Professor Kongratbay Sharipov, Vice-rector for Academic Affairs Doctor Mansur Eshov spoke at the negotiations. The event was moderated by the Dean of the faculty of International Tourism Nozima Zufarova. The meeting was attended by Vice-Rector for Scientific Affairs and innovations Gulnora Abdurahmanova, Vice-rector for Youth Affairs Sadriddin Khudoykulov and deans of other faculties.

As a result of signing this memorandum, both parties agreed to work together towards offering University of London (UoL) academic programmes with academic direction from London School of Economics and Political Science (LSE) at Tashkent State University of Economics. As part of this joint program, it is intended to launch the following joint undergraduate programs at Tashkent State University of Economics for academic year starting 2021/2022:

– Accounting and finance;

– Economics;

–  Banking and finance;

–  Management and Digital Innovation

For information. London School of Economics and Political Sciences was founded in 1895 and is the leading educational institution in the field of economics, which is a member of University of London. The educational institution ranks 27th in the world ranking of higher educational institutions and is famous for the fact that it has provided many Nobel Prize winners in the field of Economics.

The University of London University of London was founded in 1836 year and about 50 thousand students study there. Its composition includes 17 leading and prestigious universities in the UK, including London School of Economics and Political Sciences.

It gives us a great pleasure to inform you that Khamid Irgashev, our foreign compatriot and Assistant Professor in Accounting and Finance faculty at Hult International Business School in UK, has joined our academic team.

Khamid Irgashev commences his work as a foreign consultant and expert at TSUE.

In addition, he will work as a foreign professor in Accounting department providing practical assistance in improving knowledge capacity and in-depth learning in the subject areas of “Corporate Financial Reporting” and “International Financial Reporting Standards”.

Khamid Irgashev also carries out his teaching activities efficiently at both London School of Economics and Fordham University in the field of accounting and financial reporting.

He is a full member of professional associations of the Academy of Higher Education in UK (HEA), the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW).

Having started his professional career at PwC’s UK office and gaining considerable experience in advising various financial and non-financial institutions in the field of accounting and auditing, Khamid Irgashev has been working in the field of higher education for the past decade.

He was awarded “Accounting Professor of Year” title at Hult International Business School in 2016, 2018, 2019 and 2020. He was also awarded “Beacon Exemplar Certificate of Excellence” award at Fordham University in 2020. His co-authored online course (MBA Essentials) for London School of Economics has been recognized as the most successful online course at university.

The ongoing pandemic has implications on all spheres of life of people and organizations, indicating the need to accelerate change, develop new technologies and introduce innovations. During a pandemic, unprecedented changes happen in people’s lives, in their habits and preferences. This in turn rendering an impact to related industries. Our proposal for mitigating the effects of the pandemic is Startup Initiatives.

Startups play a vital role in developing technology and driving innovation. At the present stage of economic development innovative entrepreneurship (startups) is rightfully considered the most significant driving force of socio-economic development.

In the year of the development of digital economy the “Startup Initiatives” support programme taking into account the pandemic will be held completely online for the first time. This format is a great practice for all participating teams and a practical step towards digitalization.

One area that will be seriously impacted by the pandemic will be employment, as the economic restructuring is underway and as the economy revives, some jobs may simply disappear. Therefore, this year the Startup Initiatives program will become a platform for the exchange of knowledge and developing specialists and technological projects for the new economic realities, ie. business transformation by forcing collaboration between science, education and manufacturing.

Changing conditions and consumer preferences during the pandemic are leaving a serious imprint on the business processes and infrastructure of enterprises and organizations, forcing them to further reduce costs and look for new ways of working to stay afloat. By generating feedback in the form of requests for new technologies and innovations, the program plans to help businesses and organizations reduce costs, digitize key business processes, and find talent to solve problems.

This year, the work of the program will be organized in all regions of the republic, including Tashkent city and Republic of Karakalpakstan, and will be carried out in cooperation with the Ministry for the Development of Information Technologies and Communications, the Ministry of Higher and Secondary Specialized Education, the Ministry of Innovative Development, the Agency on Youth Issues of Uzbekistan, the “Yoshlar-kelajagimiz” Foundation, the Center for Support of Youth Entrepreneurship of Uzbekistan, the Chamber of Commerce and Industry of Uzbekistan, the Technological Park of Software and Information Technologies (IT Park) and their territorial divisions in the regions.

Based on the results of the final presentations of projects the 40 best projects across the country will receive targeted grants of up to 50 million soums for the implementation of their startups (up to 3 projects from each region and up to 10 projects in Tashkent). Grants are allocated by the “Yoshlar-kelajagimiz” Foundation and the United Nations Development Program in Uzbekistan thanks to funds allocated by the Government of Japan.

Launch of a programme  01.10.2020
Evaluating applications 30.09.2020
Deadline for applications 16.09.2020

Additional information on the support program, project selection criteria and requirements for participants is available on Applications are accepted until September 16, 2020.

Call for applications 17.08.2020

“Startup initiatives” support programme has been in running for 5 years and this year being implemented under the “Promotion of youth employment in Uzbekistan” UNDP and MELR joint project funded by the Government of Russian Federation.

For additional information: 90 317-39-59, Usmon Rakhimjanov, Task manager on promoting youth entrepreneurship, “Promoting youth employment in Uzbekistan” project.

TOBB ETÜ Tashkent, established as part of the cooperation agreement signed between TOBB and Uzbekistan Chamber of Commerce and Industry during the visit of the President of Uzbekistan Shavkat Mirziyoyev to Turkey in February, will be accepting its first students in 2020-2021 Academic Year. TOBB ETÜ Tashkent which will operate as a non-state university under Tashkent State University of Economics will start its first term on September 14, 2020 with two undergraduate programs: E-Commerce and Technology Management and International Business and Entrepreneurship. Applications for TOBB ETÜ Tashkent will continue between 09-30 July 2020. The entrance exam will be held on August 15, 2020. You may find the application form here. Please select “Tashkent” in question 4 (Select Campus). 📨 For any questions please contact 🌐

From 15th-17th September,TSUE jointly with IAMO will hold an international scientific-practical conference on ” SUSTAINABLE AGRICULTURAL DEVELOPMENT AND REGIONAL COOPERATION FOR INCLUSIVE GROWTH IN CENTRAL ASIA”, and which has been approved by the Decree of the Cabinet of Ministers of the Republic of Uzbekistan, № 56-F from February 7th, 2020.

📑 Domain of scientific articles (Sections of the conference)

✅ Food security provision in conditions of the COVID-19 pandemic.

✅ Factors of impact to the formation of favorable agribusiness environment and value chain.

✅ Supporting of agro-food industry: optimization of state expendi-tures, diversification and directions for increasing investment appeal.

✅ Integration of Education-Research and industry at agri-food sector and new tendencies in international area.

✅ Directions for efficient usage of digital technologies and production resources in agricultural sector.

BENEFITS OF OUR JOINT DEGREE PROGRAMME Students will study in joint programme that provided by IMC Krems and TSUE. After graduation graduates will gain two diplomas, both uzbek and austrian diplomas. – Two diplomas (local and foreign) – European quality Education – Foreign and local expert teachers/instructors – ECTS credit module system (60 and 180 ECTS) – Internships at International Organizations – Student exchange programmes