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FEATURES OF TOURISM INFRASTRUCTURE MANAGEMENT
Shukhrat Ruziyev

This article is devoted to the features of tourism infrastructure management, the features of using tourism enterprise management, tourism center management, public management, cooperative management, regional management, as well as management models of international corporations in tourism infrastructure management.

12/31/2023
  • PDF (Uzbek)
47-52 204 157
TOURISM INFRASTRUCTURE MANAGEMENT IN UZBEKISTAN: TRENDS, FACTORS AND ECONOMETRIC ASSESSMENT
Olim Astanakulov , Muslimaxon Soxibova

The rapid development of the tourism industry is generating deep structural changes in the management of tourism infrastructure in Uzbekistan. This article provides a systematic analysis of the key components of tourism infrastructure, its development trends, and interactions with major economic factors. The study comparatively examines statistical data from 2016-2024 on the expansion of hotel capacity, improvements in transport and logistics systems, growth in investment flows, formation of regional tourism clusters, and service quality enhancements. Moreover, the impact of infrastructure development on tourism demand, the impulse of state policies and reforms on the sector, as well as pandemic-related disruptions and post-pandemic recovery dynamics, are assessed using econometric models. The findings contribute to the development of practical recommendations aimed at modernizing tourism infrastructure, increasing international tourist inflows, improving regional infrastructure efficiency, and ensuring sustainable economic growth.

11/28/2025
  • PDF (Uzbek)
19-30 171 134
IMPROVING THE EFFICIENCY OF WATER MANAGEMENT THROUGH PUBLIC-PRIVATE PARTNERSHIPS
Mansur Matkarimov

This article examines current issues related to improving the management efficiency of water management facilities through public-private partnerships (PPPs). It analyzes existing problems with water infrastructure, insufficient funding, and low levels of management effectiveness. Particular attention is paid to opportunities for attracting private investment, implementing modern technologies, and improving the quality of services provided through PPPs. It is demonstrated that the development of public-private partnerships facilitates the modernization of water management facilities, reduces the burden on the state budget, and ensures the sustainable development of the sector.

03/31/2026
  • PDF (Uzbek)
162-168 153 61
MANAGEMENT OF INVESTMENT PROJECTS BASED ON TIME AND EFFICIENCY ASSESSMENT
Askarjon Khojamurodov, Furqat Esanboyev

This research paper sheds light on how time and efficiency factors are evaluated in the process of managing investment projects. The main focus is on the opportunities to obtain economic benefits by increasing efficiency and shortening project implementation periods during the project life cycle. This topic is very relevant today and is considered as one of the main criteria for successful implementation of projects and increasing their economic efficiency. Decision-making on investment projects is often time-constrained and requires effective planning and management.
Theoretical and practical aspects of project management were studied in the research. In particular, efficiency criteria were analyzed to increase the time-saving opportunities and profitability of the projects. The impact of time management on the project economy has been thoroughly studied, and the possibilities of obtaining economic benefits by reducing the time in the implementation of various projects have been considered. The study analyzes the factors necessary to improve the effectiveness of project management, including the optimal allocation of financial resources, manpower and technological infrastructure. The impact of proper planning and effective use of time in project management on the investment process is shown using practical examples. In addition to theoretical foundations, examples based on Uzbekistan and international experience are presented in the work

09/30/2024
  • PDF (Uzbek)
209-216 190 84
INNOVATION MANAGEMENT OF REAL ESTATE FACILITIES
Amirxon Majidоv

Based on the program of rapid development of the national economy and ensuring high growth rates of the New Development Strategy of Uzbekistan for 2022-2026, determined by the President of our country Mirziyoyev, and in order to ensure its implementation, the quality of property value assessment, including the market value of real estate in the insurance process who mentioned the necessity and urgency of improving research on increasing efficiency. The situation in the real estate market for the first half of 2022 was analyzed by the Center for Economic Research and Reforms. The volume of sales on the real estate market in Uzbekistan increased by 6%. According to the results of the analysis, 126,000 real estate sales contracts were signed in Uzbekistan in the first half of 2022, which is 6% more than in the same period of 2021 (119,000). Therefore, improving the management of real estate objects on the basis of digital technologies is one of today's priority tasks. This article describes the role of trust management in improving the efficiency of real estate management and their introduction to the national real estate market.

04/30/2025
  • PDF (Uzbek)
319-324 175 93
PROBLEMS OF INFRASTRUCTURE DEVELOPMENT OF TOURISM INDUSTRIES IN UZBEKISTAN
Dilfuzа Sаidоvа

In this article, the directions of implementation of the process of development of the infrastructure of tourism networks, the principles of innovative management mechanisms of the infrastructure of tourism networks, and the interrelationships between the problems of the development of the infrastructure of tourism networks and the directions of their elimination are analyzed.

07/31/2024
  • PDF (Uzbek)
180-185 175 72
EMPIRICAL ASSESSMENT OF THE EFFECTIVENESS OF MANAGEMENT MECHANISMS IN DIVERSIFICATION OF TOURISM TYPES
Dilfuza Saidova

In this scientific article, the effectiveness of management mechanisms in diversifying tourism types is analyzed theoretically and empirically. The study examined the dynamics of change in the tourism structural structure based on data from 2020-2024 and applied the Gerfindal–Hirschman Index (TDI) and the Shannon entropy index (EDI) to assess the degree of diversification. Also, the relationship between tourism revenues and infrastructure investments, public-private partnership projects and digital marketing costs was evaluated on the basis of correlation and regression analysis. Empirical results have shown that there is a strong positive correlation between the level of tourism diversification and economic growth. Increased diversification index has been found to accelerate revenue growth. Management intensity and efficiency ratios have confirmed that resource utilization has increased over the years. The results of the study were scientifically substantiated that a comprehensive management approach and institutional coordination in the field of Tourism ensure sustainable economic growth

04/30/2026
  • PDF (Uzbek)
204-214 76 52
ASSESSING THE QUALITY OF DISTANCE LEARNING IN UZBEKISTAN BASED ON INTERNATIONAL DIGITAL EDUCATION STANDARDS AND IMPROVING METHODOLOGICAL MANAGEMENT MECHANISMS
Rustam Yaxshiboyev

In recent years, distance learning has become an integral part of Uzbekistan’s education system, yet a unified methodological framework for assessing its quality against international norms has not been established. This article proposes an analytical model for assessing distance learning quality based on international digital education standards (ISO/IEC 40180, ISO 21001, IMS Global/1EdTech, SCORM and xAPI, Quality Matters, OpenupEd, and the European Standards and Guidelines — ESG). The model is expressed as an integral quality index (SI) combining six dimensions: content and curriculum quality, instructional design, technological infrastructure and interoperability, learner support and engagement, assessment and learning outcomes, and quality management. The study draws on a systematic review of the literature, a comparative analysis of international standards, and secondary data. The analysis shows that national distance learning platforms (EDUUZ, the digital resources of IT-Park University) are advancing rapidly in content and technology but lag behind international norms in instructional design, learning analytics, and continuous quality management. A continuous-improvement mechanism is proposed that links quality assessment with methodological management. The findings are of practical value to educational institutions, accreditation bodies, and regulators.

06/30/2026
  • PDF (Uzbek)
142-148 60 30
THE IMPORTANCE OF INNOVATIVE PROJECTS IN THE FIELD OF PUBLIC UTILITIES
Mirjalol Matkomilov, Dilfuza Berdiyeva

This article analyzes the importance of innovative projects in municipal services. Based on the experience of the world and Uzbekistan, the study examines the economic, environmental, and social benefits of introducing innovative technologies. Innovative projects, including smart cities, digital management, energy efficiency, and waste recycling, analyze the possibilities of effective resource management, environmental protection, and population well-being through such approaches as smart cities, and digital management. The article also discusses the existing infrastructure, and financial and technological constraints in introducing innovative technologies and provides recommendations for solving these problems.

11/29/2024
  • PDF (Uzbek)
180-184 184 108
DEVELOPMENT OF ELECTRONIC COMMERCE INFRASTRUCTURE: DIGITAL ECONOMY AND ITS MECHANISMS
Ubaydullo Bozorov

In this article, the mechanisms of digital economy and e-commerce infrastructure development are studied, and the main aspects of e-commerce and digital economy, which are entering every field today, are analyzed. is information that can be used a lot. The Internet is a global network in which the scope of use of resources is not limited, as well as the possibility of storing them thanks to cloud technologies

05/31/2024
  • PDF (Uzbek)
60-66 222 105
ISSUES OF DEVELOPMENT OF FINANCIAL DERIVATIVES IN UZBEKISTAN
Munisaxon Abbosova

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.

03/28/2025
  • PDF (Uzbek)
9-12 293 172
TRENDS IN EFFECTIVE MANAGEMENT OF TOURISTIC RESOURCES AND THEIR IMPLEMENTATION IN UZBEKISTAN
Muslimaxon Soxibova

Tourism is one of the most important sectors in the global economy,  it contributes to economic growth in countries around the world. Moreover, the development of tourism in the country improves investment, infrastructure and service market. The hospitality industry highly affects the global economyʼs GDP and provides jobs еar after еar. That is why many countries are making considerable efforts to develop tourism. Currently, Uzbekistan is paying special attention to improving this area. For this reason, it is important to explore trends in tourism management and identify prospective directions. This article is devoted to the tourism resource management trends in the global economy, as well as methods of implementation in Uzbekistan.

02/27/2025
  • PDF (Russian)
178-187 161 80
CURRENT PROBLEMS AND SOLUTIONS OF HOUSING AND COMMUNAL SERVICES IN THE CONDITIONS OF GREEN ECONOMY DEVELOPMENT
Sherzod Najmiddiniv, Dilfuza Berdiyeva

This article analyzes the main problems in the housing and communal economy management system and the possibilities of their solution in the context of the green economy. Comprehensive information is provided about the practical importance of the green economy, its important role in maintaining environmental stability and increasing energy efficiency. The article also considers ways to improve the housing and communal economy by using international experience and implementing innovative management approaches. As a result of the research, effective ways of innovative development in the conditions of the green economy are recommended, and their positive impact on society and ecology is evaluated as a result of their use in the housing and communal economy.

11/29/2024
  • PDF (Uzbek)
204-208 146 89
ANALYSIS OF PROJECTS IMPLEMENTED ON THE BASIS OF PUBLIC-PRIVATE PARTNERSHIP IN UZBEKISTAN
Javohir Abdullayev

In this scientific article, public-private partnership (PPP) projects that serve to ensure effective cooperation between the state and private sector, develop infrastructure, and improve the quality of public services are analyzed and projects planned to be implemented in the future are described.

07/31/2024
  • PDF (Uzbek)
215-220 165 75
ANALYSIS OF STATISTICAL RESEARCH OF THE GASTRONOMIC TOURISM MARKET IN THE REPUBLIC OF UZBEKISTAN
Ekaterina Salieva

The purpose of this article is to identify the potential for the development of gastronomic tourism in the Republic of Uzbekistan based on the analysis of statistical data. Research methods include statistical data analysis, SWOT analysis. The results of the study. Uzbekistan has a rich potential for the development of gastronomic tourism, due to its unique cuisine, historical and cultural heritage, as well as a favorable climate. Gastronomic tourism in Uzbekistan is at the stage of development, but shows positive growth dynamics. The share of income from gastronomic tourism in the total GDP of Uzbekistan is about 2%. The problems hindering the development of gastronomic tourism include a lack of infrastructure, a shortage of qualified personnel, and limited information for foreign tourists. It has been revealed that gastronomic tourism can become one of the leading directions of the tourism industry in Uzbekistan, subject to state support and competent management. For the development of gastronomic tourism, it is necessary to develop tourist infrastructure; improve the skills of personnel; actively promote the gastronomic potential of Uzbekistan on the international market; develop new gastronomic routes; preserve and popularize traditional recipes and cooking technologies.

05/31/2024
  • PDF (Russian)
633-643 265 200
ANALYSIS OF THE CURRENT MECHANISM FOR MANAGING PUBLIC PROCUREMENT
Sherzod Rizakulov

The article examines the specific features of the functioning of the current mechanism for managing public procurement in the Republic of Uzbekistan. A comprehensive analysis of the regulatory and legal framework, organizational structure, and procedural components of the procurement system has been conducted, covering the stages of planning, tendering, contract conclusion, and monitoring of contract implementation. The study identifies key challenges affecting the efficiency of public procurement, including a low level of automation, limited competition, weak coordination among procurement entities, and a formal approach to assessing actual needs. Special attention is given to issues of digitalization, procedural transparency, and the introduction of modern methods of control and evaluation. Based on the findings, several directions for improving the existing mechanism are proposed, such as the development of electronic infrastructure, the institutionalization of risk management practices, and the enhancement of personnel qualifications. The results obtained may be used for reforming the procurement system and forming a more sustainable model for managing budgetary resources.

02/27/2026
  • PDF (Russian)
296-302 150 72
THE ECONOMIC SIGNIFICANCE OF CUSTOMS SERVICES IN FOREIGN ECONOMIC ACTIVITY
Shoira Ismatullayeva

This article analyzes the economic significance of customs services and their role in supporting entrepreneurship in Uzbekistan amid expanding trade flows and increasingly complex supply and logistics chains. The relevance of the study is explained by growing demands for faster customs clearance, greater transparency and security, the need to improve the risk management system, and the wider adoption of digital solutions. The research approach combines a review of relevant academic literature, an analysis of regulatory and legal documents, and descriptive–dynamic comparative analysis based on official statistics. The results indicate rising concentration in the structure of imports and exports and an increase in associated risks, thereby substantiating policy directions focused on risk-based control, automation, and the reduction of the “human factor.” The author interprets customs authorities as a strategic trade infrastructure and provides practical recommendations. The study’s scientific contribution lies in systematizing the mechanisms through which customs services facilitate trade, identifying key indicators, and proposing areas for improving practical reform measures.

12/29/2025
  • PDF (Uzbek)
110-121 177 171
FEATURES OF SUSTAINABLE DEVELOPMENT OF CITIES OF DIFFERENT ADMINISTRATIVE RANKS IN THE REPUBLIC OF UZBEKISTAN
Yulduz Salimova

In this article, taking into account the identified problems in the development of cities of different administrative ranks, special measures of urban policy are proposed for cities of different ranks. These include: the formation of agglomerations; the transfer of administrative, educational, production facilities outside the city and the transfer of management functions to other structures; the creation of innovative, science-intensive and high-tech activities, innovation-technology clusters; the interaction of nearby territories with cities based on innovative forms of management; the creation of satellite cities; the development of industrial, social, transport, engineering service functions and sectors based on specialization; the development of mechanisms for transferring investments, labor and production resources.

06/30/2025
  • PDF (Russian)
206-219 224 93
THE IMPACT OF PILGRIMAGE TOURISM ON THE ECONOMY OF UZBEKISTAN: KEY INDICATORS AND CURRENT TRENDS
Shokhida Mustayeva

Pilgrimage tourism is one of the promising areas of tourism development in the Republic of Uzbekistan. The article examines the main indicators and trends in the development of pilgrimage tourism in Uzbekistan, as well as its socio-economic consequences. The purpose of the study is to identify the role of pilgrimage tourism in the economy of the Republic of Uzbekistan, to determine the main indicators and trends in the development of this area of tourism. The ideas of the study are that pilgrimage tourism has significant potential for the development of the economy of Uzbekistan, creating jobs and improving the standard of living of the population.


The research contributes to the development of theoretical knowledge about pilgrimage tourism in Uzbekistan. The practical significance of the study lies in the fact that its results can be used to develop strategies for the development of pilgrimage tourism in Uzbekistan, as well as to improve the efficiency of management of this tourism area.
The methodological basis of the research is the economic and sociological approaches. The research uses methods such as statistical data analysis, including correlation and regression analysis; analysis of official legal documents and scientific literature, generalization, forecasting.
As a result of the study, the following main results were obtained. In 2022, about 313.9 thousand pilgrims visited the country, which is about 6% of the total number of international tourists. Revenues from pilgrimage tourism in 2022 amounted to 125.6 million dollars, which is about 1.52% of the GDP of the Republic of Uzbekistan. According to the forecast for 2023, the incoming tourist flow to the Republic of Uzbekistan will grow to 7 million people, the number of pilgrim tourists will amount to 420 thousand people. Then the income from pilgrimage tourism in 2023 It will amount to $168 million, and the total revenue from tourism will amount to $ 2.8 billion. Using correlation analysis, a direct noticeable correlation was revealed between employment in the tourism sector and income from tourism. Pilgrimage tourism is one of the promising areas of tourism development in Uzbekistan. The results of the study contribute to the development of theoretical knowledge about pilgrimage tourism in Uzbekistan. The results of the study can be used to develop strategies for the development of pilgrimage tourism in Uzbekistan, as well as to improve the efficiency of management of this area of tourism. In particular, the study can be used to improve the regulatory framework governing activities in the field of pilgrimage tourism; development of infrastructure for pilgrimage tourism; promotion of pilgrimage tourism in foreign markets.

05/31/2024
  • PDF (Russian)
560-569 609 175
GENERATIVE ARTIFICIAL INTELLIGENCE IN ECONOMIC SECTORS: ASSESSING IMPLEMENTATION EFFICIENCY AND ENSURING TECHNOLOGICAL SECURITY
Durdona Abdukaxxorova

This article examines the role of generative artificial intelligence in the digital transformation of economic sectors, with a particular focus on assessing implementation efficiency and ensuring technological security. The study argues that generative AI is becoming a strategic tool for improving productivity, operational speed, decision-making quality, and innovation capacity across manufacturing, finance, logistics, public administration, and other sectors. At the same time, the article emphasizes that the benefits of generative AI are accompanied by serious technological risks, including data leakage, model misuse, privacy violations, unreliable outputs, and cybersecurity vulnerabilities. The research is based on a qualitative comparative analysis of recent open-access academic and institutional sources, including OECD, World Bank, NIST, and sector-specific studies. The findings show that the effectiveness of generative AI should be evaluated through a dual framework that combines economic performance indicators with technological security criteria. The article concludes that sustainable implementation requires not only digital infrastructure and organizational adaptation, but also strong governance mechanisms, human oversight, and continuous risk monitoring.

04/30/2026
  • PDF
9-14 93 83
THE ECONOMIC CONTENT OF FINANCIAL PLANNING
Jamshid Pardayev

In this article, financial planning is an important component of the economic management system, which directly affects the socio-economic development of society. Its main content is to direct available financial resources to specific goals, their effective use and ensure economic stability. Through financial planning, the state budget, enterprise finances and population incomes are harmonized, proportionality is maintained in the distribution of resources and the opportunity to develop priority areas is created. The social significance of financial planning is manifested in increasing the standard and quality of living of the population, supporting social sectors (education, healthcare, infrastructure, etc.), reducing poverty and ensuring employment. Economically, it serves macroeconomic stability, improving the investment climate, and increasing the competitiveness of the national economy.

02/27/2026
  • PDF (Uzbek)
168-177 139 95
THE IMPACT OF ESG DISCLOSURE ON BANK PROFITABILITY AND MARKET VALUE IN EMERGING ECONOMIES: THE CASE OF UZBEKISTAN
Mashkhurbek Jalalov

This study investigates the impact of Environmental, Social, and Governance (ESG) disclosure on bank profitability and market value in Uzbekistan an underexplored emerging economy in Central Asia undergoing rapid financial and sustainability reforms. Using a panel dataset of 22 commercial banks from 2015 to 2024, we construct a hand-collected ESG disclosure index through systematic content analysis of annual and sustainability reports, supplemented by financial data from the Central Bank of Uzbekistan. Net profit margin serves as the primary measure of profitability, while Tobin’s Q and market capitalization proxy for market value. Employing fixed effects, random effects, and System Generalized Method of Moments (GMM) estimators to address endogeneity and unobserved heterogeneity, we find that higher ESG disclosure is significantly associated with improved bank profitability. Notably, this relationship is driven almost exclusively by the governance (G) pillar, while environmental (E) and social (S) disclosures show no statistically significant effects highlighting the context-specific materiality of ESG dimensions in transitional economies. Robustness checks, including lagged specifications, sub-sample analyses by ownership type, and alternative ESG measures, confirm the reliability of our findings. The results suggest that in Uzbekistan’s institutional environment characterized by ongoing corporate governance reforms and nascent green finance infrastructure transparency in board oversight, risk management, and anti-corruption mechanisms enhances operational efficiency and stakeholder trust, thereby boosting net margins. Our study contributes to the limited literature on ESG-finance linkages in Central Asia and challenges universalist assumptions about ESG materiality by demonstrating that governance remains the most financially relevant pillar in early-stage reform contexts. The findings carry important implications for regulators, bank managers, and international investors: prioritizing credible governance disclosure offers a strategic pathway to both financial performance and market legitimacy. As Uzbekistan advances its National Strategy for Green Economy Development, this research provides empirical grounding for sequenced, institutionally attuned ESG integration in the banking sector.

12/29/2025
  • PDF
128-146 138 92
THE ESSENCE, CONTENT, AND FORMS OF INNOVATIVE ACTIVITIES IN EDUCATIONAL INSTITUTIONS
Ma’ruf Gafurov

This article provides an in-depth analysis of the essence and content of innovative activities in educational institutions, their role in the modern pedagogical process, and their impact on the quality of education. Innovative activity is presented as a complex process aimed at enhancing educational effectiveness through the introduction of new ideas, advanced technologies, and methods by teachers into the pedagogical process. The study examines, on a scientific basis, the advantages, practical effectiveness, and influence on student development of various innovative forms implemented in educational institutions, such as digital technologies, interactive methods, modular learning, project-based approaches, and STEAM integration. Furthermore, organizational and methodological factors influencing the implementation of innovative activities, the professional competencies of teachers, the technical infrastructure of educational institutions, and management mechanisms are analyzed. The results of the article demonstrate that the effective implementation of innovative approaches plays a crucial role in improving the quality of the educational process, encouraging students’ creative thinking, and developing modern competencies.

12/29/2025
  • PDF
84-90 166 0
THE IMPORTANCE OF EXTENDED PRODUCER RESPONSIBILITY IN THE CIRCULAR ECONOMY
Zokir Sodikov

This article analyzes the theoretical foundations and practical significance of the Extended Producer Responsibility (EPR) concept, which is an important component of the circular economy. The study highlights the role of EPR policies in reducing waste, promoting efficient use of resources, and fostering environmentally sustainable production. The introduction of this concept in the context of Uzbekistan is substantiated as being crucial for transitioning to a circular economy model, developing waste recycling infrastructure, and enhancing the environmental responsibility of producers.

11/28/2025
  • PDF (Uzbek)
204-211 222 99
DEVELOPMENT OF GREEN FINANCE INFRASTRUCTURE AND CREATION OF INNOVATIVE PRODUCTS IN COMMERCIAL BANKS
Ulugʻbek Mahmudov

This article analyzes the prospects for developing green finance products and creating innovative products in commercial banks. The research results indicate that green loans, ESG investments, and green bonds serve as essential tools for ensuring environmental, social, and economic sustainability in banking activities. Additionally, improving ecological risk management systems, cooperation with state and international financial institutions, and engaging young professionals and innovative ideas have been identified as key strategic directions.

11/28/2025
  • PDF (Uzbek)
136-141 157 75
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