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LOW-CARBON TRANSFORMATION OF THE ENERGY SECTOR AS A FACTOR IN THE SUSTAINABLE DEVELOPMENT OF UZBEKISTAN’S ECONOMY
Jamshidbek Rasulkulov

The article examines the transition to low-carbon energy as a fundamental condition for the sustainable development of the national economy of the Republic of Uzbekistan. It considers theoretical approaches to energy transformation, international trends in renewable energy development, and the specific features of Uzbekistan’s decarbonization policy. Based on official statistical data, the study analyzes electricity production dynamics, changes in the share of green generation, investment processes, and institutional constraints within the national energy market. The results indicate that between 2020 and 2024, the share of green energy in Uzbekistan’s electricity generation increased from 7.5% to 15.7%, while the estimated volume of low-carbon electricity generation grew by more than 2.5 times

06/26/2026
  • PDF (Russian)
770-778 58 24
THE ROLE OF FUEL AND ENERGY ENTERPRISES IN THE NATIONAL ECONOMY
Ilyosbek Gofurov

This article examines the strategic role of fuel and energy enterprises in the economic development of Uzbekistan, focusing on their contribution to macroeconomic stability and energy security. The research highlights the importance of oil, gas, coal, and electricity as essential resources for sustaining industrial growth and improving living standards. Particular attention is paid to the dynamics of investment flows, modernization processes, and the integration of renewable energy sources into the national energy system. A comprehensive methodological framework was employed, combining statistical analysis, comparative assessment, and expert interviews. The results show that the fuel and energy sector remains a major contributor to GDP growth and export potential, while challenges such as low energy efficiency, outdated production capacities, and insufficient investment persist

09/19/2025
  • PDF (Uzbek)
108-113 226 97
ENERGY DYNAMICS AND ECONOMIC GROWTH IN CENTRAL ASIAN TRANSITION ECONOMIES: A PANEL DATA ANALYSIS (1990–2024)
Indira Khadjieva

This study examines the determinants of economic growth across five Central Asian transition economies; Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan; over the period 1990–2024, with particular focus on the role of energy consumption. Using a panel dataset of 170 observations drawn from World Bank indicators, the analysis integrates energy consumption, financial development, industrialization, and trade openness into a unified panel data framework. Given a non-standard Hausman test result stemming from high intra-class correlation, the fixed-effects model is adopted as the preferred specification on theoretical grounds, with random-effects estimates reported for comparative transparency. The fixed-effects results reveal that financial development is the strongest and most consistent driver of within-country GDP per capita growth, followed by industrialization measured by manufacturing value-added. Energy consumption exerts a significant positive effect, consistent with the growth hypothesis of the energy-growth nexus, though its modest coefficient suggests diminishing returns within countries over time. Trade openness, by contrast, is negatively associated with GDP per capita, reflecting the adverse consequences of poorly sequenced liberalization in economies with limited institutional capacity and export diversification. These findings contribute original empirical evidence on the energy-growth nexus in the post-Soviet Central Asian context, offering policy-relevant insights for financial sector deepening, industrial upgrading, energy efficiency investment, and strategic trade integration across the region

05/23/2026
  • PDF
210-223 94 46
ECONOMIC NATURE OF DIGITAL TRANSFORMATION IN THE ENERGY SECTOR AND EVALUATION METHODS
Jahongir Mahmudov

The article examines the economic essence of digital transformation in the energy sector and analyzes methods for assessing its economic efficiency. The study substantiates the impact of digital technologies on energy companies, including cost reduction, minimization of energy losses, improvement of production efficiency, and enhancement of investment attractiveness. The concepts of digitization, digitalization, and digital transformation are compared, and their economic content is revealed. The main evaluation methods of digital transformation projects are analyzed, including the KPI system, scenario analysis, cost–benefit analysis, investment appraisal tools (NPV, IRR, payback period), and the integrated efficiency assessment model.

12/09/2025
  • PDF (Uzbek)
418-422 111 78
ANALYSIS OF THE STATE OF PRODUCTION OF ELECTRICITY BY HYDROELECTRIC POWER PLANTS
Mashal Saidov

This article provides a comprehensive analysis of the state of electricity production by hydroelectric power plants for the period 2020-2024. The study examined the role of hydropower in the national energy system, the dynamics of production, the changes in installed power and the performance indicators of the use of power. Also, the role of hydropower in ensuring the stability of the power grid, its leading role among renewable energy sources and risk factors associated with seasonal variability of Water Resources were highlighted. Scientific and practical proposals have been developed aimed at sustainable development of the hydropower sector, ensuring energy security and increasing the share of environmentally friendly energy sources

03/16/2026
  • PDF (Uzbek)
657-666 91 72
KEY INDICATORS OF THE SERVICE SECTOR IN THE REPUBLIC OF UZBEKISTAN, ITS STATISTICAL ANALYSIS, AND WAYS TO IMPROVE IT
Gulam Ernazarov

The article reveals the essence of the service sector, studies its main indicators and development prospects. The role and importance of the service sector in the national economy, its share in GDP and main indicators are also statistically analyzed.

08/04/2025
  • PDF (Uzbek)
246-254 151 70
THE SERVICE SECTOR IN UZBEKISTAN, ITS ECONOMIC AND STATISTICAL ANALYSIS AND PROSPECTS
Gulam Ernazarov

The article reveals the essence of the service sector, conducts an economic analysis and examines its main indicators and development prospects. An economic and statistical analysis of the role and importance of the service sector in the national economy, its share in GDP and key indicators is also given.

07/04/2025
  • PDF (Uzbek)
866-872 161 88
ORGANIZATIONAL AND ECONOMIC MECHANISMS OF REGIONAL DEVELOPMENT OF INDUSTRIAL NETWORKS
Anvar Rakhimov

In the article, the organizational and economic mechanisms of territorial development of industrial sectors are one of the current topics, as well as the opinions of a number of scientists aimed at improving them. The organizational and economic mechanisms of regional development of industrial sectors are shown schematically, and the structure of regional specialization of the industrial sector is shown. The dependence of industrial development on natural resources, the schedule of mutual energy supply of industries, the connection of industry with telecommunications and information technologies (ICT) are highlighted, and conclusions and proposals are given.

11/21/2024
  • PDF (Uzbek)
152-160 167 122
ECONOMIC SECURITY MODELS AND DIGITAL ECONOMY STRATEGIES OF DEVELOPED COUNTRIES
Mardonbek Makhmudov

At the turn of the 20th and 21st centuries, the global economy was dominated by developed countries, primarily located in Europe and North America. Economic development in the G7 (later G8) countries was determined by the efficient use of natural resources and long-term scientific and technological progress. Resource and energy efficiency were paramount in these countries. For example, the United States experienced significant growth in production throughout the 20th century. At the same time, despite industrial development, high prices were due to the expansion of the service sector and the emergence of new industries based on the scientific and technological revolution

01/28/2026
  • PDF (Uzbek)
186-190 139 75
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