Dilnoza Rahimova — tafs uz coverage of economy. News, key facts and context in English, Uzbek and Russian.
Publisher · tafs uz →136 stories
The Central Bank of Uzbekistan set the exchange rates for October 15: the dollar rose by 49.81 soums to 11,963.16, the euro rose by 61.7 to 13,390.36, and the ruble fell by 0.06 to 142.33 soums. The dollar has been getting more expensive for the eighth trading day in a row; earlier it gained 14.26 soums in a single day.
Dilnoza RahimovaTashkent will host three exhibitions under the Messe Frankfurt license: Automechanika Tashkent 2026 and events on commercial transport and construction equipment. Participation of 503 companies from 19 countries is expected, exhibition area of 25,000 m², and more than 20,000 professional visitors. Shell is the main partner of Automechanika Tashkent for the third year in a row.
Dilnoza RahimovaThe International Monetary Fund raised its forecast for Uzbekistan's GDP growth for 2026 from 6.8% to 7.8%, and for 2027 from 6% to 6.5%. The updated estimates are contained in a report published on October 12. The Fund also revised its forecasts for inflation, unemployment and the current account deficit.
Dilnoza RahimovaFollowing the attack on Aramco's headquarters in Dhahran, for which Yemeni Houthis claimed responsibility, IMF Managing Director Kristalina Georgieva warned of negative consequences for the global economy. Brent crude rose above $106, Lufthansa suspended flights to Riyadh, and the IMF forecasts a 3.3% contraction in Saudi Arabia's economy this year.
Dilnoza RahimovaUK GDP rose 0.1% in August against forecasts of a 0.1% decline. Growth over three months was 0.7%. Chancellor John Healey called it a sign of economic resilience ahead of the 28 October budget. The services sector stayed flat, construction shrank, and programming and AI contributed to growth.
Dilnoza RahimovaThe developer of the Claude models showed 46% quarterly revenue growth and a second consecutive adjusted profitable quarter. The company plans an IPO in November with a valuation of up to $2 trillion, which would be a record, surpassing SpaceX's listing. Growth is nonetheless slowing, and annual revenue may fall short of investor expectations.
Dilnoza RahimovaThe Ministry of Economy and Finance has published a draft resolution on liberalizing the liquefied gas market: by May 1, 2027, proposals on free pricing must be prepared, a pilot with private suppliers is underway in Andijan region, privatization of LPG-Trade and retail sale of cylinders are planned. The retail price is proposed to be raised from 2,000 to 5,000 soums per kg with compensations for those in need.
Dilnoza RahimovaDonald Trump announced a temporary suspension of part of the sanctions against Russia and the start of imports of Russian diesel, promising a rapid price decline. Experts surveyed by Deutsche Welle believe that high prices are driven by the war in Iran and shipping disruptions, and that the promised supply volumes are too small to affect the market.
Dilnoza RahimovaThe minutes of the extraordinary shareholders meeting of UzPost dated September 21 showed that the state stake of 92.9% of shares was transferred to trust management of WB INT EXPORT (a Wildberries subsidiary) under a contract dated December 30, 2025. Earlier, the head of the State Assets Management Agency (SAMA) Sokhibjon Murodov claimed that no trust management contract existed. The meeting did not approve a 100 billion soums loan from Wildberries, but elected a supervisory board with a majority of Wildberries representatives.
Dilnoza RahimovaPortugal's draft state budget for 2027 (OE2027) provides for updated income tax brackets, a rise in the minimum wage to 970 euros, pension indexation of about 3%, increased social benefits and housing measures. At the same time, from the 2027/2028 academic year tuition fees at public universities are set to be unfrozen. The draft still needs to pass parliamentary approval and receive the president's signature.
Dilnoza RahimovaUpdated on: October 14, 2026 / 9:28 AM EDT / CBS News President Trump campaigned in 2024 on promises to lower Americans' cost of living, vowing to push gasoline prices below $2 a gallon and to deliver 2% mortgage rates. Two years later, consumers face sharply higher costs for many of the necessities he pledged to make more affordable. Less than a month before the midterm elections , the gap between Mr. Trump's promises and the financial realities facing many Americans is fueling voter frustrat
Dilnoza RahimovaShareholders of PJSC PIK Specialized Developer approved the delisting and termination of the company's public status. In September, the majority shareholder Nedvizhimye Aktivy, holding just over 98%, demanded a buyout of the remaining shares at 551.4 rubles each — the same price as the April offer. The register of shareholders is fixed as of October 20. The beneficiaries of Nedvizhimye Aktivy are not disclosed, though companies affiliated with Sergei Gordeev owned about 15% of PIK at the end of 2024.
Dilnoza RahimovaThe Portuguese government announced, after Wednesday's cabinet meeting, that German carrier Lufthansa will become TAP's new shareholder as part of the reprivatisation of the Portuguese airline. "The government is successfully bringing to a close the first phase of the privatisation of our national airline. A process conducted with strict respect for competition, a stringent approach to negotiations and complete transparency vis-à-vis the Portuguese public," Portuguese prime minister Luís Monten
Dilnoza RahimovaRussia's broad money base increased by 1.4812 trillion rubles, or 4.7%, in September 2026 to 32.9777 trillion rubles, according to the Bank of Russia. Since the start of the year it has grown 7.5%. The annual growth rate accelerated to 18.5% as of October 1. Cash in the money base rose 1.6% in September and 14.3% since January, with its annual growth reaching 20.9%, the highest since October 2023, while its share in the money base fell to 67.4%. Funds on credit institutions' correspondent accounts rose 38.2%, while their deposits with the Central Bank fell 13.2%.
Dilnoza RahimovaNetflix is cutting about 1,000 jobs, roughly 6% of its workforce, in its largest layoffs since 2022. Co-CEOs Greg Peters and Ted Sarandos announced the cuts in an email to employees, citing the need for discipline in prioritizing people and resources. Most layoffs will affect product development, technology, legal, and HR divisions. Netflix had about 16,000 full-time employees at the end of 2025, and its market capitalization has fallen nearly 25% since the start of 2026.
Dilnoza RahimovaSelf-employed individuals in Uzbekistan can now sell their goods on the Ozon marketplace. More details are available at the provided link.
Dilnoza RahimovaFrom January to August 2026, spending by Russian state companies on landline phones more than tripled to 118 million rubles, Vedomosti reports. Market participants link the demand to mobile internet shutdowns affecting almost 80% of the country, the switch to domestic PBX systems, and the search for secure communication channels.
Dilnoza RahimovaPreviously, only individual entrepreneurs and legal entities could sell on the Ozon marketplace in Uzbekistan. Now self-employed individuals can also sell there — all product categories are available to them, as well as sales models under the FBS and FBO schemes (advertising).
Dilnoza Rahimova
