• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12915.9
    • RUB162.44
    • EUR14658.25
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +26°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan World Money Central Asia

    ‘A region we can’t ignore’: Henrik Hololei on trade, stability, and post-Ukraine engagement

    ‘A region we can’t ignore’: Henrik Hololei on trade, stability, and post-Ukraine engagement

    “Over the last two and a half years, we’ve witnessed an unprecedented rise in interest from Brussels and EU member states toward Central Asia,” stated Henrik Hololei, EU Hors Classe, in an interview with Daryo. Hololei elaborated on the European Union’s aims in the region, stressing that as Central Asia, particularly Uzbekistan, becomes increasingly significant in today’s geopolitical context, EU efforts are focusing on connectivity, critical raw materials, and sustainable development.

    Hololei explained, “There’s been a steady flow of high-level visits from European leaders, including the Chancellor of Germany and the Presidents of France, Italy, and Germany, which signals a peak in EU engagement here.” This intensifying focus, he noted, demonstrates the EU’s commitment to fostering a stronger partnership in a region he described as essential to Europe’s future.

    The War in Ukraine as a Catalyst for Engagement

    Hololei acknowledged that recent global conflicts, particularly the war in Ukraine, have accelerated Europe’s engagement with Central Asia. “The conflict in Ukraine has acted as a catalyst, underscoring the urgency of diversifying Europe’s partnerships and supply chains,” he explained.

    As traditional trade routes and energy supplies from Eastern Europe have been disrupted, Central Asia’s strategic position as a link between Europe and Asia has become increasingly attractive. “It’s clear that Central Asia offers an alternative corridor and stable partnerships that can help meet Europe’s needs during this challenging time,” Hololei stated.

    Hololei highlighted that this shift in priorities has led Europe to explore the Trans-Caspian Transport Corridor with new urgency.

    “We’re actively working with Central Asian partners to develop secure and efficient connections, bypassing volatile regions while creating mutual economic opportunities,” he said.

    Investing in Resources and Infrastructure

    At the core of the EU’s Global Gateway Strategy is an emphasis on sustainable, mutually beneficial partnerships with Central Asian nations. This initiative supports areas like energy transition, climate resilience, health, and education, with a key component focusing on digital and physical connectivity.

    Hololei detailed, “We’re developing projects that not only improve infrastructure but also include digital solutions, such as an ambitious satellite project to bring internet access to remote areas.”

    Regarding critical raw materials, Hololei commented, “The cooperation in critical raw materials is perhaps our newest area of engagement, yet it holds the highest potential. Central Asian nations like Kazakhstan and Uzbekistan are rich in rare earth elements, and we aim to help them retain added value locally through refining and manufacturing, creating jobs and boosting economic resilience.”

    Hololei contrasted the EU’s approach with what he called “corrosive capital” seen in some other investments. “Corrosive capital only seeks to extract resources without supporting local development. Such investments may bring short-term gains but often leave countries burdened with debt,” he warned. “The EU, on the other hand, aims to foster true partnerships, helping to build local industries and retain value in the country.”

    Enhancing Connectivity: The Trans-Caspian Transport Corridor

    One major infrastructure project, the Trans-Caspian Transport Corridor, aims to link Europe and Central Asia via a secure trade route. The EU has outlined more than 40 projects worth around $18.5bn that are needed to make this corridor operational.

    “We’re developing this corridor with Central Asian partners, and while challenges exist—such as cross-border logistics and affordability—there’s strong determination to succeed,” Hololei said. He highlighted digital solutions like electronic freight documents and streamlined border crossings as essential components to accelerate trade along this route.

    Stability in Central Asia: A Key Advantage

    Hololei emphasized that Central Asia’s stability sets it apart in today’s turbulent global landscape. “This is one of the most stable regions currently,” he remarked, noting the strong tradition of cooperation between Central Asian nations. “Even when disputes arise, like recent border issues between Kyrgyzstan and Tajikistan, they’ve been resolved through diplomacy.”

    He pointed out that stability makes Central Asia an attractive choice for investment, adding, “Compared to many parts of the world, Central Asia’s stability and cooperative nature create a reliable environment for long-term partnerships. Of course, there’s work to be done to enhance the business climate, but the foundation here is solid.”

    Toward Regional Integration?

    When asked about the possibility of a common market in Central Asia, Hololei expressed optimism while acknowledging challenges. “The region shares a common history and a stable environment, but much of its connectivity has been oriented north-south due to the legacy of Soviet-era infrastructure,” he observed.

    Hololei explained that Central Asian countries currently favor a looser cooperative model through the CA5 grouping but that the EU stands ready to support them, however they decide to integrate. “It’s up to these nations to decide, and we’re here to assist, whether through individual partnerships or regional collaboration.”

    A Positive Future for EU-Uzbekistan Relations

    In closing, Hololei described Central Asia’s stability and cooperative spirit as offering a promising investment climate amid global uncertainties.

    “Stability and a positive example of cooperation set Central Asia apart,” he noted, encouraging investors to recognize this unique opportunity. With Uzbekistan nearing WTO accession and in continued negotiations with the EU, Hololei expressed confidence in a forthcoming EU-Uzbekistan agreement.

    “We’re here to stay, and we look forward to a thriving partnership with Uzbekistan and Central Asia as a whole,” he concluded.

    Hololei’s message is clear: a collaborative, sustainable future awaits, where Central Asia and the EU can grow together through strategic, equitable partnerships.

    13.11.2024, 11:10   Comments (0)   2082
    Facebook Twitter LinkedIn Telegram Email
    #EU in Uzbekistan#European Economic days tahskent#EUROUZ#ukraine russia#trade routes middle corridor#china debt
    Tawney Kruger

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Central Asia’s path to sustainable growth highlighted at Caspian Policy Center forum

    16.10.2024, 17:54

    EU launches "EU-Tabassum" project to empower young women and promote gender equality in Uzbekistan 

    30.10.2024, 09:00

    ‘A natural match’: experts praise Uzbekistan-South Korea rare metals partnership

    31.10.2024, 13:28

    InvestPro Uzbekistan Tashkent 2024: Unlock investment opportunities in a rapidly growing market 

    30.10.2024, 15:04

    Uzbekistan's exports to EU hit $1.05bn, marking 33% y/y increase in 9M24

    31.10.2024, 15:29

    European Economic Days 2024 in Uzbekistan: Strengthening EU-Uzbekistan Business Ties

    31.10.2024, 11:30

    EBRD allocates $54.6mn for Voltalia’s solar power project in Uzbekistan's Khorezm region

    01.11.2024, 17:00

    UNDP and Uzbekistan conduct training to strengthen insurance industry

    05.11.2024, 09:30

    Von der Leyen: EU-Uzbekistan relations strengthened by trade growth, €10bn corridor investment, and rare earth metals partnership

    06.11.2024, 19:59

    European Economic days showcase EU-Uzbekistan economic partnerships across key sectors

    06.11.2024, 20:50

    EU and Uzbekistan to sign strategic partnership roadmap for critical raw materials use

    07.11.2024, 09:30

    Benelux Chamber of Commerce launches in Uzbekistan

    07.11.2024, 10:49
    ×Lightbox Image
     

    Recommended

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24

    Uzbekistan to host 59th ADB Annual Meeting in Samarkand for second time

    8 May, 11:26

    Uzbekistan sees rise in cross-border travel as outbound tourism jumps 20%

    7 May, 12:38
     
     
     

    Latest news

    Kyrgyzstan launches construction of four small hydropower plants in Kara-Suu district

    Kyrgyzstan | 25 May, 17:16

    Kazakhstan to host $250mn soft drink plant by Carlsberg and PepsiCo

    Kazakhstan | 25 May, 14:14

    EU, Uzbekistan engage private sector to boost Trans-Caspian trade corridor

    Uzbekistan | 25 May, 11:00

    Uzbekistan to launch 10-year strategy to protect children from violence

    Uzbekistan | 24 May, 15:53

    Uzbekistan’s life expectancy hits 75.1 years in 2024 amid declining birth and marriage rates

    Uzbekistan | 24 May, 12:33

    Uzbekistan signs space-tech agreement to strengthen environmental oversight

    Uzbekistan | 24 May, 10:00

    Kazakhstan’s steel output climbs 9.1% y/y in Jan–Apr 2025

    Kazakhstan | 23 May, 17:08

    Pakistan, Afghanistan agree to boost diplomatic ties after Beijing meeting

    Afghanistan | 23 May, 14:48

    Kazakhstan gears up for 93 renewable energy projects by 2030

    Kazakhstan | 23 May, 13:31

    Uzbekistan’s President Mirziyoyev participates in joint business forum with Slovenia’s president

    Uzbekistan | 23 May, 12:07
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.