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    Expert-led masterclass for UWED students on “The German Banking System”

    Expert-led masterclass for UWED students on “The German Banking System”

    On 5 October 2026, a master class entitled “The German Banking System” was organized for second-year students studying “Comparative Law” by Artikova Vasila Agzamovna, Associate Professor of the Department of International Law and Public Law Disciplines. The master class was delivered by Markus Loch, a leading specialist in the banking and financial sectors of Germany, an international consultant, and Country Director of the German Sparkassenstiftung for International Cooperation (DSIK). During the session, the expert provided students with a comprehensive overview of the modern German banking system, focusing on its structure, operating principles, and the legal framework governing financial institutions. Particular attention was paid to Germany’s three-pillar banking system, which comprises private commercial banks, public-law savings banks (Sparkassen), and cooperative banks.  Students showed particular interest in the role of German savings banks in ensuring access to financial services, supporting small and medium-sized enterprises, promoting regional development, and contributing to the principles of the social market economy. From a comparative-law perspective, Markus Loch also addressed banking regulation and supervision, as well as the distribution of powers between national and European financial institutions. He explained the respective roles of the Deutsche Bundesbank, the Federal Financial Supervisory Authority (BaFin), and the European Central Bank (ECB) in maintaining financial stability and supervising credit institutions. Special attention was also given to current challenges facing the banking sector in Germany and the European Union, including the digitalization of financial services, cybersecurity, transparency requirements, and consumer protection. The master class concluded with an interactive discussion, during which students had the opportunity to ask questions about the functioning of German banks and contemporary trends in European banking regulation. The event became an important element of practice-oriented learning within the Comparative Law course, enabling students to connect theoretical knowledge with the practical operation of a foreign legal and financial system.

    Three Generations Meeting Held at the UWED

    Three Generations Meeting Held at the UWED

    A “Three Generations Meeting” was held at the University of World Economy and Diplomacy as part of the “Those We Must Never Forget” series of events. The event brought together representatives of the older generation and labor veterans, public activists, intellectuals, university professors and lecturers, as well as students. The main objective of the meeting was to share the rich life experience and exemplary professional paths of the older generation with young people, strengthen spiritual ties between generations, and further promote patriotism, diligence, humanity, and respect for national values among youth. During the meeting, respected veterans who have made a significant contribution to the development of the country and left a lasting mark on society through many years of dedicated work shared their life stories, professional experiences, and valuable advice with the younger generation. Among the speakers were I. Khaitov, a journalist, historian, member of the Writers’ Union of Uzbekistan, labor veteran and recipient of the “Mehnat shuhrati” Order; G. Khushvakov, labor veteran, professor, recipient of several orders and medals, and retired colonel; M. Adusamatova, Honored Cultural Worker of the Republic of Uzbekistan and recipient of the “Do‘stlik” Order; A. Dehkambaev, labor veteran; M. Irgasheva, recipient of the “Do‘stlik” Order, an outstanding educator and labor veteran; and T. Orazboev, a participant in the war in Afghanistan and recipient of several orders and medals, as well as the first-degree “Mehnat faxriysi” badge. The event was also attended by Hikmat Oktamov, Adviser to the Hokim of Mirzo Ulugbek District and Chairman of the Nuroniy Foundation. In his remarks, he highlighted the important role of senior citizens in public life, their responsibility in educating the younger generation, and the importance of intergenerational solidarity. As part of the event, a ceremony was also held to present certificates to members of the university’s “Qalqon” (“Shield”) group, one of the important initiatives within university life. During the ceremony, the members’ active participation in university life, their contribution to supporting public order and safety, as well as their initiatives aimed at strengthening responsibility, discipline, and patriotism among students were recognized. Certificates were presented to the group members in a ceremonial setting, with wishes for success and new achievements in their future activities. The veterans encouraged young people to pursue quality education, acquire modern knowledge and skills, continuously develop themselves, and make diligence and responsibility important principles of their lives. It was emphasized that making a meaningful contribution to the development of the Motherland is a sacred duty of every individual. Such meetings are of great importance for young people, providing them with an opportunity to learn from the life experience of the older generation, draw inspiration from their example, and strengthen spiritual ties between generations.

    Central Asia has become a more predictable region

    Central Asia has become a more predictable region

    Central Asia is becoming a more predictable region amid global instability, Senator Sodyq Safoev stated. He called for elevating Consultative Meetings to a new institutional level. According to him, further rapprochement among the region's countries requires strengthening trust and shared values. On October 1, First Deputy Chairman of the Senate of the Oliy Majlis, rector of UWED Sodyq Safoev spoke in Baku at the Regional Forum of the CAMCA (Central Asia, Mongolia, Caucasus, Afghanistan) Network, which unites the countries of Central Asia and the Caucasus, as well as Mongolia and Afghanistan. He stated that amid the international crisis, Central Asia is becoming a more predictable and attractive region, but for further development, it needs to strengthen cooperation, regional identity, and trust. Gazeta provides the main quotes from his speech. "Being a crossroads is the destiny of Central Asia" Speaking about the role of Central Asia and the region, Sodyq Safoev noted that the perception of Central Asia as a crossroads is not new. "Being a crossroads is perhaps the destiny of Central Asia. Since ancient times, this region has connected various macro-regions. It has changed its borders, structure, dominant religion, and languages many times," he noted. However, today, according to him, the world itself is at a crossroads: "What is happening in the world today is unusual, and Central Asia and the CAMCA region, being at the center of this space, are experiencing the influence of the main global trends. Therefore, the analysis of current and unfolding events in the region, as well as its future, must be considered in a broader global context." According to Sodyq Safoev, the world is in a state of polycrisis, meaning the simultaneous occurrence of several catastrophic events. He noted that he had never observed such a situation in his lifetime. "One crisis follows another: bloody wars, sanctions, supply chain disruptions, and other shocks. Added to this is the lack of trust between the world's leading players and the increasingly widespread acceptance of the use of force, which, in my opinion, is a very alarming phenomenon. Last year, countries worldwide spent 2.7 trillion dollars on armaments, while 1 billion people around the world live in difficult conditions," Sodyq Safoev emphasized. In his assessment, this indicates a transformation of the global order. "It manifests in the disregard for international law and in fragmentation. At the same time, the main crisis lies in the fact that the world is not becoming less interconnected: globalization has not been canceled, and there is no process of deglobalization. However, trust and mutual understanding between states and key players are disappearing. This is a very dangerous combination: interconnectedness is growing, while trust is disappearing." In his speech, the senator noted the need for collective action and joint efforts to confront global challenges. "But at the same time, the ability of such large international organizations and institutions as the UN to respond to these challenges is at a critically low level. Unfortunately, this crisis will not end tomorrow or in the coming years. The world is just entering a long period of transformation, and the countries of the region must have a joint response," he said. Central Asia as a More Predictable Region Sodyq Safoev noted that despite the gloomy picture of global development, opposite trends are observed in Central Asia and the broader CAMCA region. "While multilateral diplomacy is declining worldwide, multilateral diplomacy in our region, on the contrary, is strengthening year by year. If previously Central Asia was defined differently, mainly through its proximity to major regional or global powers, today the region is increasingly perceived not just as a post-Soviet space, not as 'just another stan,' and not as something intermediate, but as a space that connects major markets and major players." The senator also focused on the concept of being landlocked ("not having access to the sea") and emphasized that Central Asia is gradually transforming from a landlocked region into a land-linked region, that is, a region connected to other spaces. "If fragmentation is observed in the transatlantic community, the Islamic world, the Arab world, and other spaces, then in the CAMCA region, on the contrary, forces of attraction are emerging that bring countries closer together." Sodyq Safoev linked these processes, in particular, to the renewal of Uzbekistan's foreign policy under the leadership of President Mirziyoyev. "Today, a steady trend toward consolidating cooperation is observed in Central Asia. But we are not necessarily talking about integration. Perhaps today we should refrain from using the word 'integration,' as it is too strong. However, deeper and closer cooperation is indeed developing," he noted. Speaking about the region's priorities, Sodyq Safoev primarily highlighted investments in education and the future. "It is necessary to strengthen partnerships between universities and the academic community, as well as to ensure that students get to know each other not from a distance or solely through books, but directly, by looking into each other's eyes." He also noted that personnel training is one of the main growth challenges facing the countries of the region today. "We need to raise a new generation of civil servants who understand the modern economy, the modern management system, and are sufficiently qualified to meet the requirements of the new era," he noted. The senator mentioned that over the past 10 years, the number of universities in Uzbekistan has tripled. "But creating a university does not mean that we have already created a school capable of competing with the world's best universities. This will take time. Because a university never emerges from scratch all at once," he clarified. Sodyq Safoev also emphasized the importance of direct ties between citizens and public diplomacy. According to him, it is necessary to strengthen ties between civil societies and NGOs, and to develop cultural exchanges and tourism. He also mentioned the idea of joint tourism products that could connect Azerbaijan and Central Asia, Georgia and Uzbekistan, and other destinations. Safoev also proposed a new term that he has been using frequently lately—expert diplomacy. "Alongside traditional diplomacy, parliamentary diplomacy, and public diplomacy, it is necessary to increasingly develop expert diplomacy today. CAMCA is precisely an example of such expert diplomacy," he noted. "The modern world is too complex to be entrusted solely to foreign ministries and governments. A link between expert communities is necessary, and not just of one country, but an interdisciplinary and international expert community of the region that could intellectually support the further development of the CAMCA space," the senator said. www.gazeta.uz

    A high-level conference titled “Dialogue of the Turkic World: A Common Future, a Common Vision” was held at UWED

    A high-level conference titled “Dialogue of the Turkic World: A Common Future, a Common Vision” was held at UWED

    On September 29 of this year, a high-level conference titled “Dialogue of the Turkic World: A Common Future, a Common Vision” was held at the University of World Economy and Diplomacy (UWED). The event, organized as part of the preparations for the 13th Summit of the Council of Heads of State of the Organization of Turkic States to be held in Ankara, was attended by representatives from the diplomatic and academic spheres, as well as the media. The conference, organized by the Directorate of Communications of the Presidential Administration of the Republic of Turkey in cooperation with UWED, discussed the preservation of the common historical and cultural heritage, which serves as a crucial foundation for cooperation within the Turkic world, as well as contemporary global and regional processes. During the dialogue, special attention was paid to the regional and global situation, economic and political connectivity, digital transformation, and the effective use of artificial intelligence capabilities. An exchange of views also took place on ensuring security in the information space, combating disinformation and digital manipulation, and elevating information exchange between the Turkic states to a new level. In their speeches, Sodyq Safoev, First Deputy Chairman of the Senate of the Oliy Majlis and Rector of UWED, and Ufuk Ulutaş, Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to Uzbekistan, emphasized the importance of further developing the strategic partnership between Uzbekistan and Turkey, as well as cooperation among the Turkic states. Burhanettin Duran, Head of the Directorate of Communications of the Presidential Administration of the Republic of Turkey, sent a video message to the conference participants. The main session, moderated by Yusuf Özhan, Deputy Director General and Editor-in-Chief of the Anadolu Agency, was attended by Rector of Cappadocia University Hasan Ali Karasar, Deputy Advisor to the President of Uzbekistan and Director of the International Institute for Central Asia Javlon Vakhabov, and Dean at Ankara Hacı Bayram Veli University Fırat Purtaş, who shared their analytical views on the prospects for cooperation within the Turkic world. Following the discussions, a number of proposals and initiatives aimed at developing cooperation in the fields of information, education, and digital technologies were put forward. It is expected that the opinions and recommendations expressed at the conference will serve to meaningfully enrich the agenda of the upcoming 13th Summit of the Council of Heads of State of the Organization of Turkic States in Ankara.