European Journal of Economics, Finance and Business Development
type: channel
description: European Journal of Economics, Finance and Business Development is a scholarly peer reviewed international multidisciplinary Journal. The journal implements double blind peer review for articles. The research manuscript have to pass through the plagiarism check before allotted to the reviewers. The open access journal ensure the quality of published articles. The journal includes wide range of research articles in multidisciplinary areas of Economics, Finance and Business Development. The original review, research, literature, short note, book reviews are welcome to publish in this journal Important information of the Journal: Frequency: 12 issues per Year International License: CC BY Acceptance Status : 1-2 weeks Publication Period : 1-2 weeks ISSN (E): 2938-3633 SJIF 2024: 5.099 Journal Abbreviation: Eur. j. econ. financ. bussiness dev. The scope of the journal is not limited to- Economics Business Development Business Planning Finance Social Work Forensic Science Fashion, Textiles and Luxury Goods Emergency & Disaster Management Food Sciences Museum Studies Real Estate & Property Management
publisher: European Science Publishing
language: en
publication name: European Journal of Economics, Finance and Business Development
issn: 2938-3633
items: EXISTING PROBLEMS IN ENHANCING THE COUNTRY’S INVESTMENT ATTRACTIVENESS FOR ATTRACTING FOREIGN INVESTMENTS AND WAYS TO OVERCOME THEM
items: THE IMPACT OF DIGITAL TRANSFORMATION ON INVESTMENT ATTRACTIVENESS IN UZBEKISTAN: EMPIRICAL ANALYSIS AND REGIONAL COMPARISON
items: ASSESSMENT OF INSOLVENCY AND ITS IMPORTANT ASPECTS
items: FINANCING OF INVESTMENTS IN THE REAL SECTOR OF THE ECONOMY IN DEVELOPED COUNTRIES
items: UZBEKISTAN'S STRATEGY FOR TRANSITIONING TO A "GREEN ECONOMY": EXISTING CHALLENGES AND PROMISING OPPORTUNITIES
items: ASSESSMENT OF THE LEVEL OF USE OF DIGITAL PLATFORMS AND E-COMMERCE SYSTEMS BY SMALL BUSINESSES AND THEIR IMPACT ON THEIR ECONOMIC EFFICIENCY
items: THE CURRENT MECHANISM FOR FINANCING HIGHER EDUCATION INSTITUTIONS
items: IMPLEMENTATION AND IMPROVEMENT OF ENTERPRISE RISK MANAGEMENT (ERM) SYSTEMS IN RETAIL BANKING SERVICES
items: INTERNATIONAL EXPERIENCE IN APPLYING ARTIFICIAL INTELLIGENCE IN THE ECONOMIC AND MANAGEMENT SECTORS: CASE STUDIES OF THE USA, SINGAPORE, SOUTH KOREA, AND ESTONIA
items: EFFICIENCY OF USING STATE BUDGET FUNDS IN SUPPORTING LOW-INCOME POPULATION
items: WАYS TО STRЕNGTHЕN THЕ RЕSОURСЕ BАSЕ IN INСRЕАSING THЕ INVЕSTMЕNT PОTЕNTIАL ОF СОMMЕRСIАL BАNKS
items: TOPICAL ISSUES OF CREDIT MARKET DEVELOPMENT IN UZBEKISTAN
items: ENHANCING INVESTMENT PROCESSES THROUGH ALTERNATIVE FINANCING MECHANISMS IN ASIAN ECONOMIES
items: PROBLEMS AND PROSPECTS OF INTRODUCING “GREEN” SUKUK IN UZBEKISTAN
items: THE ROLE AND EFFECTIVENESS OF THE CORPORATE GOVERNANCE SYSTEM IN SHAPING A COMPANY'S FINANCIAL STRATEGY
items: FINANCING DIGITAL TRANSFORMATION IN EMERGING MARKET SPECIAL ECONOMIC ZONES
items: THE WAYS OF INCREASING THE EFFICIENCY OF MANAGERIAL ACTIVITY IN PRODUCTION ENTERPRISES
items: IMPROVING THE EFFICIENCY OF COMMERCIAL BANKS’ LENDING ACTIVITIES IN THE ERA OF DIGITAL TRANSFORMATION
items: DETERMINANTS OF VENTURE CAPITAL EXPANSION: THE IMPACT OF INSTITUTIONS, ECONOMIC DEVELOPMENT, AND MARKET LIQUIDITY
items: THE THEORETICAL FOUNDATIONS AND HISTORICAL EVOLUTION OF INTERNATIONAL FINANCIAL CENTERS: A COMPREHENSIVE HISTORICAL ANALYSIS
items: FAIR VALUE MEASUREMENT OF INVESTMENT PROPERTY UNDER IAS 40: ISSUES AND PRACTICAL IMPLICATIONS
items: PROSPECTS FOR SUSTAINABLE DEVELOPMENT OF THE AGRO-ECONOMY SECTOR: CHALLENGES AND OPPORTUNITIES
items: THE BENEFITS OF ENHANCING ENERGY EFFICIENCY IN REAL ESTATE OPERATIONS
items: KEY DIRECTIONS FOR RISK MANAGEMENT IMPROVEMENT
items: THEORETICAL FOUNDATIONS OF CORPORATE GOVERNANCE
items: WORLD EXPERIENCE: THE LINKAGE BETWEEN DIGITAL TRANSFORMATION AND GROWTH
items: KEY ISSUES IN THE AUDIT OF FINANCIAL STATEMENTS IN UZBEKISTAN
items: THE ROLE AND IMPORTANCE OF FOREIGN EXPERIENCE IN STRENGTHENING THE REVENUE BASE OF LOCAL BUDGETS
items: ECONOMETRIC MODELING OF THE IMPACT OF MOBILE PAYMENT SERVICES ON CONSUMER BEHAVIOR: AN EMPIRICAL ANALYSIS USING DATA FROM PAYME, CLICK, AND UZUM BANK
items: THE ROLE OF REFLECTION IN CONTINUING PROFESSIONAL DEVELOPMENT IN HIGHER EDUCATION

EXISTING PROBLEMS IN ENHANCING THE COUNTRY’S INVESTMENT ATTRACTIVENESS FOR ATTRACTING FOREIGN INVESTMENTS AND WAYS TO OVERCOME THEM
type: item
description: This article examines the existing problems in enhancing the country’s investment attractiveness for attracting foreign investments and analyzes possible ways to overcome them. The study investigates the role of investment attractiveness in ensuring sustainable economic growth, industrial modernization, export expansion, and technological development. Particular attention is paid to institutional reforms, infrastructure development, macroeconomic stability, digital transformation, and regional investment disparities influencing foreign investment inflows into Uzbekistan. The research also identifies the main economic and organizational factors limiting investment attractiveness and evaluates practical mechanisms for improving the investment climate. Based on international experience and current economic reforms, scientific conclusions and practical recommendations aimed at increasing the efficiency of foreign investment attraction have been developed.
subject: Articles
  topic: section
subject:
  topic: keywords
  value: Investment attractiveness, foreign investments, foreign direct investment, investment climate, institutional reforms, infrastructure development, macroeconomic stability, digital economy, regional disparities, innovation policy, economic modernization, investment environment, sustainable economic growth.
creator: Ochilov Bobur Bakhtiyor ugli
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-05-28
publication date: 2026-05-28
starting page: 8
ending page: 18

THE IMPACT OF DIGITAL TRANSFORMATION ON INVESTMENT ATTRACTIVENESS IN UZBEKISTAN: EMPIRICAL ANALYSIS AND REGIONAL COMPARISON
type: item
description: This article empirically examines the impact of digital transformation on Uzbekistan's investment attractiveness using correlation-regression analysis methods. Based on official data from UNCTAD, the World Bank, and IT Park for the period 2018–2023, a very strong relationship was established between the number of IT Park residents and IT services exports (r = 0.994, p < 0.001), and between fintech companies and online payments (r = 0.998, p < 0.001). However, the relationship between FDI and internet coverage was found to be statistically insignificant (p > 0.05), indicating that investment decisions depend not only on infrastructure but more so on the quality of the institutional environment. Regional comparison (Uzbekistan, Kazakhstan, Georgia) reveals that Uzbekistan leads the region in IT export growth (+1,114%, 2018–2023), yet lags behind neighboring countries in the FDI/GDP ratio (2.4%) and institutional indicators.
subject: Articles
  topic: section
subject: Digital transformation, investment attractiveness, foreign direct investment, IT sector, correlation-regression analysis, regional comparison.
  topic: keywords
creator: Zaripov X. Z.
creator: Yakubova Y. R.
creator: Masharipova X. M.
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-05-21
publication date: 2026-05-21
starting page: 1
ending page: 7

ASSESSMENT OF INSOLVENCY AND ITS IMPORTANT ASPECTS
type: item
description: This article describes the problematic aspects of assessing the current and future state of financial capabilities of enterprises, their ability to fulfill financial obligations, timely repayment of debts, cash flow, and their analytical conclusions, as well as important aspects of international practice and its application in Uzbekistan. It also identifies important areas for early detection of economic insolvency and combating it.
subject: Articles
  topic: section
subject: Economic insolvency, bankruptcy, insolvency, financial instability, financial condition, financial performance, economic insolvency
  topic: keywords
creator: Matnazar Yusupovich Rakhimov
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-30
publication date: 2026-04-30
starting page: 102
ending page: 108

FINANCING OF INVESTMENTS IN THE REAL SECTOR OF THE ECONOMY IN DEVELOPED COUNTRIES
type: item
description: Based on the experience of developed countries, the article tried to reveal the peculiarities of financing investments in the real sector of the economy, that is, fixed capital. The study revealed that in countries where the share of fixed capital investments in GDP decreased, global trends, economic conditions and changes in economic structure were more pronounced, while in countries where the share of investments in GDP increased, active public investment policy, post-pandemic recovery strategy, trends in transition to a capital-intensive growth model were identified. Also, at the end of the study, relevant conclusions and recommendations are given.
subject: Articles
  topic: section
subject: Investment, real investments, venture capital, investment funds, capital market, credit, bonds, government grants, inflation, economic situation.
  topic: keywords
creator: Umaraliyev Sanjar Sultanalievich
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-30
publication date: 2026-04-30
starting page: 93
ending page: 101

UZBEKISTAN'S STRATEGY FOR TRANSITIONING TO A "GREEN ECONOMY": EXISTING CHALLENGES AND PROMISING OPPORTUNITIES
type: item
description: This article analyzes Uzbekistan's transition process to a green economy, strategic directions, existing challenges and development prospects. The research examines the country's efforts in developing renewable energy sources, reducing greenhouse gas emissions and ensuring sustainable economic growth. According to 2024 statistical data, Uzbekistan has increased green energy production capacity to 2.4 gigawatts and achieved an 18% share of renewable energy. The article presents the main obstacles to the green economy transition, including financial constraints, technological deficiencies and institutional weaknesses. Research results indicate that international cooperation and investments play a crucial role in Uzbekistan's green transformation.
subject: Articles
  topic: section
subject: Green economy, renewable energy, sustainable development, climate change, greenhouse gases, environmental strategy.
  topic: keywords
creator: Abdukarimov Qamariddin Isroiljon o'g'li
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-30
publication date: 2026-04-30
starting page: 86
ending page: 92

ASSESSMENT OF THE LEVEL OF USE OF DIGITAL PLATFORMS AND E-COMMERCE SYSTEMS BY SMALL BUSINESSES AND THEIR IMPACT ON THEIR ECONOMIC EFFICIENCY
type: item
description: This study examines the level of utilization of digital platforms and e-commerce systems by small businesses and evaluates their impact on economic efficiency. In the context of the modern digital economy, small and medium-sized enterprises increasingly adopt digital technologies such as online marketplaces, social media marketing tools, cloud-based accounting systems, digital payment solutions, and logistics management platforms to improve their operational performance. The research highlights that the integration of digital platforms enables small businesses to automate business processes, reduce operational costs, expand market access, and strengthen customer engagement.
subject: Articles
  topic: section
subject: Small business, digital platforms, e-commerce, economic efficiency, digital payments, digital transformation, competitiveness.
  topic: keywords
creator: Anvarova Muqaddas Makhamadjonova
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-05-01
publication date: 2026-05-01
starting page: 78
ending page: 85

THE CURRENT MECHANISM FOR FINANCING HIGHER EDUCATION INSTITUTIONS
type: item
description: Modernization of the higher education system in our country, ensuring its economic independence, as well as improving the mechanisms of financing from extra-budgetary funds, is of urgent importance. In this regard, the need for accurate and effective accounting of the financial activities of higher education institutions, in particular, their income and expenses, and the use of advanced methods of accounting and financial analysis is increasing. Higher education institutions receive income from various sources in the implementation of their activities - the state budget, grants, income from paid-contract education, sponsorship, and other services. At the same time, their expenses are also multifaceted and are directed to the organization of the educational process, scientific research, development of the material and technical base, advanced training of personnel, and other areas. Therefore, it will be possible to ensure the economic stability of educational organizations by in-depth study of the scientific and theoretical foundations of accounting for income and expenses, their classification, development and implementation of modern mechanisms of financial accounting and reporting.
subject: Articles
  topic: section
subject: Higher education, income, expenditure, budget organization, budget expenditures, budget system, fiscal year, extrabudgetary funds.
  topic: keywords
creator: Rustamova Shokhida Tulkunovna
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-28
publication date: 2026-04-28
starting page: 70
ending page: 77

IMPLEMENTATION AND IMPROVEMENT OF ENTERPRISE RISK MANAGEMENT (ERM) SYSTEMS IN RETAIL BANKING SERVICES
type: item
description: This article examines the issues of implementing and improving Enterprise Risk Management (ERM) systems in retail banking services. In the context of rapid digital transformation and increasing complexity of financial operations, retail banks are exposed to a wide range of risks, including credit, operational, liquidity, and fraud-related risks. Effective management of these risks requires an integrated and systematic approach. The study analyzes the theoretical foundations of ERM, international best practices, and modern approaches to integrated risk management in the banking sector. Particular attention is given to the development of a comprehensive ERM framework that ensures coordination among different risk categories and enhances decision-making processes. In addition, the paper identifies key challenges in the implementation of ERM systems in the banking practice of Uzbekistan and proposes practical recommendations for their improvement. The findings of the study contribute to strengthening risk management systems in retail banking and improving the overall stability and efficiency of financial institutions
subject: Articles
  topic: section
subject: Retail banking services, enterprise risk management, ERM, retail banking risk, integrated risk management, credit risk, operational risk, fraud risk, risk assessment, banking system stability.
  topic: keywords
creator: Karimova Sh. Z.
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-27
publication date: 2026-04-27
starting page: 61
ending page: 69

INTERNATIONAL EXPERIENCE IN APPLYING ARTIFICIAL INTELLIGENCE IN THE ECONOMIC AND MANAGEMENT SECTORS: CASE STUDIES OF THE USA, SINGAPORE, SOUTH KOREA, AND ESTONIA
type: item
description: Artificial intelligence (AI) has rapidly evolved from a narrow research field into a general-purpose technology reshaping productivity, competitiveness, and the organization of public administration. This article examines the international experience of applying AI in the economic and management sectors through four distinctive case studies: the United States, Singapore, South Korea, and Estonia. Each of these economies has pursued a different model of AI deployment, reflecting its size, industrial structure, administrative tradition, and strategic priorities. The United States represents a market-driven, private-sector-led ecosystem with the deepest pool of capital and frontier research. Singapore illustrates a compact, centrally orchestrated "whole-of-economy" strategy anchored in strong governance and talent cultivation. South Korea has anchored its approach in industrial AI, using manufacturing transformation and sovereign computing capacity to offset demographic decline. Estonia exemplifies the full integration of AI into e-government and public-service delivery, building on more than two decades of digital statehood. The article compares policy frameworks, flagship initiatives, adoption indicators, and governance arrangements, and draws conclusions relevant to other economies seeking to harness AI for sustainable growth and public-sector modernization.
subject: Articles
  topic: section
subject: policy frameworks, flagship initiatives, adoption indicators, and governance arrangements
  topic: keywords
creator: Kuchkarov Abdulahad Maratovich
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-27
publication date: 2026-04-27
starting page: 51
ending page: 60

EFFICIENCY OF USING STATE BUDGET FUNDS IN SUPPORTING LOW-INCOME POPULATION
type: item
description: This study examines the efficiency of utilizing state budget funds in supporting low-income populations. The research focuses on analyzing the allocation mechanisms, targeting accuracy, and socio-economic impact of public expenditures aimed at poverty reduction and social protection. Particular attention is given to the effectiveness of budgetary programs, including social transfers, subsidies, and welfare initiatives, in improving the living standards of vulnerable groups. The study also explores existing challenges such as resource misallocation, administrative inefficiencies, and lack of transparency. Based on comparative analysis and empirical observations, the paper proposes recommendations to enhance the efficiency, accountability, and sustainability of public spending. Strengthening monitoring systems, improving targeting mechanisms, and adopting digital tools are identified as key factors for increasing the overall impact of state budget support.
subject: Articles
  topic: section
subject: State budget, low-income population, social protection, public expenditure efficiency, poverty reduction, social assistance, welfare programs, budget allocation, economic policy, social support.
  topic: keywords
creator: Sharoxmatov Abduraxim Abdulamitovich
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-23
publication date: 2026-04-23
starting page: 42
ending page: 50

WАYS TО STRЕNGTHЕN THЕ RЕSОURСЕ BАSЕ IN INСRЕАSING THЕ INVЕSTMЕNT PОTЕNTIАL ОF СОMMЕRСIАL BАNKS
type: item
description: This аrtiсlе аnаlyzеs thе impоrtаnсе оf grееn finаnсing аnd sustаinаblе finаnсе соnсеpts in thе mоdеrn finаnсiаl systеm, thеir rоlе in thе invеstmеnt асtivitiеs оf соmmеrсiаl bаnks, аnd thеir impасt оn есоnоmiс аnd еnvirоnmеntаl еffiсiеnсy. In thе соntехt оf сlimаtе сhаngе аnd nаturаl rеsоurсе sсаrсity, thе nесеssity оf implеmеnting еnvirоnmеntаlly rеspоnsiblе finаnсiаl instrumеnts in thе bаnking systеm is substаntiаtеd. Thе аrtiсlе highlights thе есоnоmiс еssеnсе оf instrumеnts suсh аs grееn dеpоsits, grееn lоаns, аnd grееn bоnds, thеir rоlе in risk mаnаgеmеnt, invеstmеnt pоrtfоliо divеrsifiсаtiоn, аnd thе implеmеntаtiоn оf ЕSG prinсiplеs. Аlsо, thе prасtiсе оf grееn finаnсing аnd its dynаmiсs аrе аnаlyzеd оn thе ехаmplе оf JSСB “Uzprоmstrоybаnk” аnd trеnds аnd prоspесts in this dirесtiоn аrе shоwn. Thе rеsults оf thе аrtiсlе соnfirm thаt grееn finаnсе instrumеnts fоr bаnks аrе а strаtеgiс tооl fоr еnsuring sustаinаblе dеvеlоpmеnt.
subject: Articles
  topic: section
subject: Grееn finаnсе, sustаinаblе finаnсе, ЕSG prinсiplеs, grееn dеpоsits, grееn lоаns, grееn bоnds, соmmеrсiаl bаnks, invеstmеnt асtivitiеs, risk mаnаgеmеnt, sustаinаblе dеvеlоpmеnt.
  topic: keywords
creator: Аbduvаliyеv Sаnjаr Аbdurаhmаnоviсh
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-21
publication date: 2026-04-21
starting page: 26
ending page: 35

TOPICAL ISSUES OF CREDIT MARKET DEVELOPMENT IN UZBEKISTAN
type: item
description: The credit market is one of the main segments of the national financial market. It ensures the flow of credit resources, and credit is an important factor in ensuring economic growth while maintaining macroeconomic stability. This article identifies current issues related to the development of the credit market in Uzbekistan and develops research proposals aimed at addressing these challenges. Specifically, it substantiates the need to develop the credit market by improving the credit market regulation system and reducing the state's share in the regulatory capital of commercial banks.
subject: Articles
  topic: section
subject: Credit, credit market, credit resources, commercial bank, interest rate, refinancing policy, key rate.
  topic: keywords
creator: Javlanova Shakhnoza Djalolitdinovna
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-21
publication date: 2026-04-21
starting page: 36
ending page: 41

ENHANCING INVESTMENT PROCESSES THROUGH ALTERNATIVE FINANCING MECHANISMS IN ASIAN ECONOMIES
type: item
description: This study examines the role of alternative financing mechanisms in enhancing investment processes in Asian economies, with particular focus on countries such as China, Japan, and South Korea. The research explores how non-traditional financial instruments—including venture capital, crowdfunding, peer-to-peer lending, and private equity—contribute to improving access to capital, increasing investment efficiency, and supporting economic growth. The paper analyzes theoretical approaches and empirical trends related to the development of alternative financing in the region, highlighting the impact of financial technologies and institutional frameworks. In addition, the study identifies key challenges such as regulatory gaps, risk management issues, and uneven development of financial infrastructure across countries. The findings suggest that the integration of alternative financing mechanisms with traditional financial systems, along with strong institutional support and digital innovation, plays a crucial role in enhancing investment activity in Asian economies.
subject: Articles
  topic: section
subject: Asian economies, alternative financing, investment processes, crowdfunding, venture capital, peer-to-peer lending, private equity, FinTech, financial innovation, investment efficiency.
  topic: keywords
creator: Bobokulov Akmal Muborakbekovich
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-21
publication date: 2026-04-21
starting page: 17
ending page: 25

PROBLEMS AND PROSPECTS OF INTRODUCING “GREEN” SUKUK IN UZBEKISTAN
type: item
description: This article based on data from the World Bank and official national sources, a comparative analysis has been conducted on the structure, terms, yields, and allocation of proceeds of green bonds and sukuk in international practice. These findings provide an important theoretical and practical foundation for the development of the green sukuk market in Uzbekistan. The results of the study indicate that, despite the significant potential of green sukuk to attract capital and finance environmentally sustainable projects, several challenges remain in their implementation. In particular, risks such as greenwashing, the high cost of financial instruments, currency mismatches, and the insufficient development of the regulatory and legal framework constitute major barriers. The experience of Uzbekistan and developed countries demonstrates that properly structured and institutionally supported green sukuk, in compliance with Sharia principles, can serve as an effective instrument for mobilizing investment. In conclusion, it should be emphasized that the successful introduction of green sukuk in Uzbekistan requires the deepening of institutional reforms, ensuring transparency, improving the regulatory framework in line with international standards, and integrating this instrument into the country’s public financial policy.
subject: Articles
  topic: section
subject:
  topic: keywords
  value: Green sukuk, green economy, public–private partnership (PPP), Developing countries; Special Purpose Vehicle (SPV), ESG investment; Greenwashing; Public debt; SDG bonds; Sustainability-linked finance, Climate Bonds Initiative.
creator: Aminova Nilufar Umarboy qizi
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-20
publication date: 2026-04-20
starting page: 10
ending page: 16

THE ROLE AND EFFECTIVENESS OF THE CORPORATE GOVERNANCE SYSTEM IN SHAPING A COMPANY'S FINANCIAL STRATEGY
type: item
description: This article examines the role and effectiveness of the corporate governance system in shaping a company's financial strategy. The study analyzes corporate governance mechanisms, the involvement of the Chief Financial Officer (CFO) in strategic and operational decision-making, financial risk management, and resource utilization. The research demonstrates that an effective corporate governance system contributes to enhanced financial stability, the rational allocation of resources, and increased market competitiveness.
subject: Articles
  topic: section
subject: Corporate governance, financial strategy, Chief Financial Officer (CFO), risk management, resources, effectiveness, strategic decisions, investments, stability, competitiveness.
  topic: keywords
creator: Karieva Gulnora Abdullaevna
creator: Umarov Sardorbek
creator: Eshkuvatova Rakhshona
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-04-10
publication date: 2026-04-10
starting page: 1
ending page: 9

FINANCING DIGITAL TRANSFORMATION IN EMERGING MARKET SPECIAL ECONOMIC ZONES
type: item
description: This paper examines the critical issues surrounding the financing of digital transformation initiatives within Special Economic Zones (SEZs) in emerging markets. It identifies key challenges such as inadequate infrastructure, limited access to capital, regulatory uncertainties, and a lack of skilled human resources that hinder the successful implementation of digital projects. The study explores various financing mechanisms, including public-private partnerships, venture capital, green finance, and international development aid, and analyzes their suitability for SEZs. Furthermore, it discusses the potential of emerging financial technologies (fintech) to bridge financing gaps and accelerate digital adoption. The paper concludes by offering policy recommendations aimed at creating a more conducive financial ecosystem for digital transformation in these strategic economic enclaves.
subject: Articles
  topic: section
subject: Digital economy, special economic zones, investment projects, financing, digital technologies, innovative financing.
  topic: keywords
creator: Egamov Otabek Erkinboy oglu
creator: Hamidova Faridakhon Abdulkarim qizi
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-03-31
publication date: 2026-03-31
starting page: 69
ending page: 72

THE WAYS OF INCREASING THE EFFICIENCY OF MANAGERIAL ACTIVITY IN PRODUCTION ENTERPRISES
type: item
description: This study examines methods for increasing the efficiency of managerial activity in production enterprises under conditions of uncertainty. Modern production systems operate in dynamic economic environments characterized by incomplete information, market fluctuations, and political and technological risks. Managerial efficiency depends on the ability to anticipate, evaluate, and mitigate these uncertainties through a combination of classical management principles, innovative technologies, and human-centric approaches. The research employs a mixed-methods design, combining surveys, interviews, and secondary data analysis to evaluate current managerial practices, identify efficiency-enhancing strategies, and assess the impact of uncertainty on decision-making. Key findings highlight the importance of adaptive management, predictive and preventive measures, integration of digital technologies, strategic flexibility, and participative decision-making. A synergetic approach that combines quantitative and qualitative analyses is recommended to optimize managerial performance, ensure sustainable growth, and maintain a competitive advantage in production enterprises.
subject: Articles
  topic: section
subject:
  topic: keywords
  value: Managerial efficiency, production enterprises, uncertainty, adaptive management, decision-making, digital technologies, synergetic approach, strategic flexibility, predictive measures, performance monitoring.
creator: Karieva Gulnora Abdullaevna
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-03-26
publication date: 2026-03-26
starting page: 61
ending page: 68

IMPROVING THE EFFICIENCY OF COMMERCIAL BANKS’ LENDING ACTIVITIES IN THE ERA OF DIGITAL TRANSFORMATION
type: item
description: The rapid advancement of digital technologies has transformed the banking sector, offering commercial banks new opportunities to improve the efficiency of their lending activities. Digital transformation enables banks to streamline credit evaluation, enhance risk assessment, and optimize loan processing operations. This paper explores how commercial banks can leverage digital tools—including artificial intelligence, big data analytics, blockchain, and digital lending platforms—to increase lending efficiency and profitability while minimizing risks. The study also examines the challenges posed by technological integration, regulatory compliance, and cybersecurity, highlighting strategies to overcome these obstacles. Findings suggest that banks that strategically adopt digital solutions can significantly enhance their lending processes, improve customer experience, and maintain competitive advantage in the digital era.
subject: Articles
  topic: section
subject: Commercial banks, lending efficiency, digital transformation, credit risk management, digital lending, financial technology, operational optimization.
  topic: keywords
creator: Dilnoza Xaitboyeva
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-03-25
publication date: 2026-03-25
starting page: 56
ending page: 60

DETERMINANTS OF VENTURE CAPITAL EXPANSION: THE IMPACT OF INSTITUTIONS, ECONOMIC DEVELOPMENT, AND MARKET LIQUIDITY
type: item
description: This study examines the determinants of venture capital development with a focus on institutional quality, economic development, and market depth of countries. Using unbalanced panel data across countries, the analysis applies advanced econometric techniques, including the Mundlak (Correlated Random Effects) approach, to account for unobserved heterogeneity and distinguish between within- and between-country effects. The results show that GDP per capita and stock market activity positively influence venture capital investment, highlighting the importance of economic development and exit opportunities. While the within-country effect of the rule of law appears negative, its between-country (mean) effect is positive and statistically significant, suggesting that countries with consistently stronger institutional environments attract higher levels of venture capital in the long run. Overall, the findings emphasize that venture capital development is primarily driven by structural differences in institutional quality and market conditions rather than short-term changes. The study provides important policy implications, particularly for emerging economies, underscoring the need to strengthen legal systems, develop exit markets, and support risk-sharing financial mechanisms.
subject: Articles
  topic: section
subject: Venture capital, institutional quality, exit markets, M&A, IPO, contract enforcement, investor protection.
  topic: keywords
creator: Nilufar Babanazarova
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-03-25
publication date: 2026-03-25
starting page: 45
ending page: 55

THE THEORETICAL FOUNDATIONS AND HISTORICAL EVOLUTION OF INTERNATIONAL FINANCIAL CENTERS: A COMPREHENSIVE HISTORICAL ANALYSIS
type: item
description: The emergence and development of international financial centers (IFCs) represent one of the most significant phenomena in the global economic landscape. This article traces the theoretical evolution of the concept of international financial centers from the early twentieth-century notion of “world cities” to contemporary understandings of global financial hubs. The research examines the historical trajectory of major financial centers from medieval Italian city-states through contemporary global hubs, identifying critical factors that have determined their rise, dominance, and occasional decline. The findings reveal that successful IFCs are characterized by the concentration of international capital, liberal regulatory frameworks, advanced telecommunications infrastructure, and the presence of multinational corporations and financial institutions. The article concludes by synthesizing these theoretical and historical insights into a comprehensive definition of international financial centers and their role in the global economy.
subject: Articles
  topic: section
subject: Finance, international financial center, world city, global city, financial hub, capital markets, urban economics.
  topic: keywords
creator: J. J. Xamitillayeva
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-03-23
publication date: 2026-03-23
starting page: 35
ending page: 44

FAIR VALUE MEASUREMENT OF INVESTMENT PROPERTY UNDER IAS 40: ISSUES AND PRACTICAL IMPLICATIONS
type: item
description: This article examines the fair value measurement of investment property in accordance with International Accounting Standard (IAS) 40. Investment property represents an important category of assets that can significantly influence the financial position and performance of companies. The study analyzes the theoretical foundations of fair value measurement and its role in improving the transparency and reliability of financial reporting. Particular attention is paid to the advantages and challenges associated with the application of the fair value model in practice. The research also discusses common issues faced by companies in determining the fair value of investment property, including the lack of active markets, valuation subjectivity, and the availability of reliable market data. In addition, the paper considers the practical implications of fair value measurement for financial decision-making and financial reporting quality. Based on the analysis, several recommendations are proposed to improve the reliability and effectiveness of investment property valuation under IAS 40.
subject: Articles
  topic: section
subject: Investment property, IAS 40, fair value measurement, financial reporting, valuation methods, accounting standards, financial transparency.
  topic: keywords
creator: Makhmudov Jamshed Ashrafovich
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-03-18
publication date: 2026-03-18
starting page: 27
ending page: 34

PROSPECTS FOR SUSTAINABLE DEVELOPMENT OF THE AGRO-ECONOMY SECTOR: CHALLENGES AND OPPORTUNITIES
type: item
description: The sustainable development of the agro-economy sector is increasingly recognized as a key determinant of national food security, rural welfare, and adaptation to global climate change. In Uzbekistan and many other developing economies, agriculture remains a dominant sector, yet it faces structural, environmental, and financial challenges that threaten its long-term stability. This article investigates the prospects of sustainable development in the agro-economy, with a specific focus on Uzbekistan’s agricultural transformation between 2018 and 2024. The study applies a mixed methodological framework, combining econometric modeling, statistical analysis, SWOT assessment, and scenario-based forecasting to examine productivity growth, irrigation efficiency, export diversification, and the transition to organic farming. Empirical findings indicate that the adoption of digital agriculture technologies (AgroTech, AI, IoT) and the establishment of agro-clusters have contributed to improvements in yield, market access, and resource management. However, persistent issues such as excessive water consumption, limited renewable energy integration, and insufficient access to green finance continue to slow progress. Comparative analysis with international best practices from the European Union, China, and Turkey highlights both opportunities and gaps in Uzbekistan’s agricultural policies. The paper concludes by recommending strategic policy measures that include the promotion of green financing instruments, expansion of renewable energy in rural areas, strengthening of value chains, and the development of climate-resilient farming practices. These measures are expected to foster a competitive, inclusive, and sustainable agro-economy that is aligned with the United Nations Sustainable Development Goals (SDGs).
subject: Articles
  topic: section
subject: Sustainable agriculture, agro-industrial development, value chain integration, climate-smart agriculture, water-use efficiency.
  topic: keywords
creator: Eshdavlatov Murotali Baxodirovich
creator: Xudayberdiyeva Filyura Mirzamashrabovna
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-03-16
publication date: 2026-03-16
starting page: 16
ending page: 26

THE BENEFITS OF ENHANCING ENERGY EFFICIENCY IN REAL ESTATE OPERATIONS
type: item
description: This article analyzes the economic, environmental, and social benefits of improving energy efficiency in the operation of real estate buildings. The study assesses the effectiveness of modern energy-saving technologies, energy-efficient construction materials, and management mechanisms. It substantiates the potential to reduce operating costs, minimize environmental impact, and increase the market value of real estate properties.
subject: Articles
  topic: section
subject: Real estate, energy efficiency, building operation, energy-saving technologies, operating costs, sustainable development.
  topic: keywords
creator: Урунбаев Сапарбек Саматович
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-03-14
publication date: 2026-03-14
starting page: 7
ending page: 15

KEY DIRECTIONS FOR RISK MANAGEMENT IMPROVEMENT
type: item
description: This article examines the key directions for improving risk management systems in modern financial and corporate environments. The increasing complexity of global economic relations, digital transformation, and financial market volatility require organizations and financial institutions to develop more effective risk management frameworks. The research analyzes international practices in risk management, particularly focusing on developed economies, and evaluates the current state of risk management implementation in Uzbekistan. The study identifies the main challenges affecting risk management efficiency, including technological risks, regulatory challenges, and organizational barriers. Through comparative analysis and statistical review, the article highlights the importance of integrated risk management strategies, digital tools, and institutional reforms. The findings indicate that organizations adopting advanced risk governance structures demonstrate higher resilience and financial sustainability. The article concludes with practical recommendations aimed at strengthening risk management systems through improved regulatory frameworks, adoption of modern analytical technologies, and enhanced professional training. The results may contribute to improving decision‑making processes and strengthening financial stability at both institutional and national levels.
subject: Articles
  topic: section
subject: Risk management, enterprise risk management, financial stability, risk governance, digital risk analytics, banking sector.
  topic: keywords
creator: Misirov Iskandar Abduvalievich
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-03-07
publication date: 2026-03-07
starting page: 1
ending page: 6

THEORETICAL FOUNDATIONS OF CORPORATE GOVERNANCE
type: item
description: The article examines the theoretical and practical aspects of corporate governance as one of the key concepts in the modern global economy. The economic essence, objectives, and functions of corporate governance in the context of globalization and the development of corporate structures are analyzed. Special attention is given to major corporate governance theories, including agency theory, stakeholder theory, transaction cost theory, resource dependence theory, and political theory. The paper also discusses conflicts of interest between shareholders and managers and highlights the role of corporate governance in increasing investment attractiveness and improving corporate performance.
subject: Articles
  topic: section
subject: Corporate governance, agency theory, stakeholders, transaction cost theory, resource dependence, political theory, corporate structure.
  topic: keywords
creator: Jalilov Arslon Khoshimovich
creator: Uktamova Zakro Nuriddin qizi
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-02-25
publication date: 2026-02-25
starting page: 34
ending page: 38

WORLD EXPERIENCE: THE LINKAGE BETWEEN DIGITAL TRANSFORMATION AND GROWTH
type: item
description: This paper examines how digital transformation shapes economic growth by changing productivity dynamics, firm behavior, public service efficiency, and the allocation of capital and labor. Drawing on international experience, the study frames digital transformation as a systemic shift that combines infrastructure (broadband, cloud, data centers), adoption (digital skills, e-commerce, automation), and governance (competition policy, cybersecurity, data protection, and digital public platforms). The central argument is that growth effects depend less on technology availability and more on diffusion quality: complementary investments in human capital, management practices, and institutions determine whether digital tools translate into higher total factor productivity and inclusive gains. The paper also highlights common bottlenems: unequal connectivity, skill gaps, low trust in digital services, and weak interoperability across public and private systems, which can slow diffusion and widen regional and sectoral disparities. The analysis positions Uzbekistan’s reform trajectory within these global patterns and proposes a policy-informed lens for assessing which digital levers most reliably generate growth, employment upgrading, and resilience in emerging economies.
subject: Articles
  topic: section
subject:
  topic: keywords
  value: digital transformation, economic growth, productivity, total factor productivity, ICT infrastructure, diffusion, innovation, platform economy, digital skills, e-government, competitiveness, data governance, cybersecurity, inclusive development, structural change.
creator: Juraboyeva Sevara Alijon qizi
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-02-24
publication date: 2026-02-24
starting page: 26
ending page: 33

KEY ISSUES IN THE AUDIT OF FINANCIAL STATEMENTS IN UZBEKISTAN
type: item
description: This article is devoted to the features of conducting an audit of financial statements prepared in accordance with international standards in Uzbekistan, in which the relevance of studying this topic, the level of study, the features of organizing an audit of financial statements prepared in accordance with international standards, the opportunities achieved in the implementation of IFRS and AAS in practice, issues to be studied in the process of auditing transactions made after the date of preparation of financial statements, the differences in the audit of financial statements prepared using parallel accounting (conversion) and transformation methods, and practical recommendations for improving this process are formulated.
subject: Articles
  topic: section
subject:
  topic: keywords
  value: Financial statement audit, international auditing standards, international financial reporting standards, financial reporting standards, fraud, misrepresentation of financial statements, errors and omissions in financial statements, reliability of financial statements, users of financial statements, parallel accounting (conversion) method, transformation method.
creator: Isroil Ismoilovich Meliev
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-02-22
publication date: 2026-02-22
starting page: 19
ending page: 25

THE ROLE AND IMPORTANCE OF FOREIGN EXPERIENCE IN STRENGTHENING THE REVENUE BASE OF LOCAL BUDGETS
type: item
description: This article analyzes the theoretical and methodological aspects of strengthening the revenue base of local budgets, as well as the experience of foreign countries in this field. In particular, mechanisms such as fiscal decentralization, increasing the share of local taxes, digitalization of tax administration, and diversification of non-tax revenue sources are examined. The study also develops practical recommendations based on institutional factors and the possibilities of adapting advanced foreign practices to national conditions. The research findings contribute to ensuring the financial independence of local budgets and promoting the sustainable socio-economic development of regions.
subject: Articles
  topic: section
subject: Local budget, revenue base, fiscal decentralization, local taxes, tax administration, non-tax revenues, transfers, budget sustainability, foreign experience, financial independence.
  topic: keywords
creator: Sharopov Dilshodjon Rakhmatullaevich
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-02-20
publication date: 2026-02-20
starting page: 10
ending page: 18

ECONOMETRIC MODELING OF THE IMPACT OF MOBILE PAYMENT SERVICES ON CONSUMER BEHAVIOR: AN EMPIRICAL ANALYSIS USING DATA FROM PAYME, CLICK, AND UZUM BANK
type: item
description: This article investigates the impact of mobile payment services on consumer behavior through an econometric modelling approach. Using empirical data from Payme, Click, and Uzum Bank – the three leading digital payment platforms in Uzbekistan – the research evaluates how the intensity of mobile transaction usage influences consumer spending patterns and adoption decisions. A multiple regression model and logistic estimation techniques are employed to identify statistically significant determinants shaping behavioral shifts towards digital financial services. The results demonstrate that transaction frequency, service convenience, perceived security, and digital infrastructure quality are key drivers of consumer behavior transformation. The findings contribute to the growing literature on fintech adoption in emerging markets and provide policy-relevant insights for strengthening digital financial ecosystems.
subject: Articles
  topic: section
subject: Mobile payments; consumer behavior; econometric modelling; digital finance; fintech adoption; regression analysis; Uzbekistan.
  topic: keywords
creator: Muminova Makhbuba Abduvafayevna
creator: Qudratova Gulshoda
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-02-18
publication date: 2026-02-18
starting page: 1
ending page: 9

THE ROLE OF REFLECTION IN CONTINUING PROFESSIONAL DEVELOPMENT IN HIGHER EDUCATION
type: item
description: Reflective practice has become a central mechanism within Continuing Professional Development (CPD) frameworks in higher education. It enables educators to evaluate teaching practices, identify growth areas, and align professional learning with institutional demands andstudent expectations. This article examines the conceptual foundations of reflection, its pedagogical value, and its challenges within CPD systems, drawing from scholarly literature to argue that reflective engagement both individualizes and democratizes academic development.
subject: Articles
  topic: section
creator: Ug’iloy Xakimova
rights: Copyright (c) 2026 https://creativecommons.org/licenses/by-nc/4.0
date: 2026-02-04
publication date: 2026-02-04
starting page: 39
ending page: 41