Dilnoza Rahimova — tafs uz coverage of economy. News, key facts and context in English, Uzbek and Russian.
Publisher · tafs uz →136 stories
According to the Credit Information Analytical Center, as of October 1, 2026, 2,841,475 people have set a self-ban on obtaining loans — over three months their number grew by 10.4%. The service, launched on June 6, is free of charge and is designed to protect citizens from having loans taken out by fraudsters without their knowledge.
Dilnoza RahimovaThe Agency for External Labor Migration, together with the Slovak company Penta Hospitals International, is recruiting doctors, nurses and male nurses to work in Czechia, Slovakia and Poland. Salary — from 2,200 euros for doctors and from 1,800 euros for nurses and male nurses. Language training and living expenses are covered by the agency.
Dilnoza RahimovaA Visa survey for the Pay and Get Paid 2026 report, supported by Ipak Yuli Bank, showed that Uzbekistan's MSBs actively use digital payments, yet only 37% of companies use integrated solutions combining payments and business management. At the same time, 55% find a universal solution attractive, and among users of such platforms satisfaction stands at 70%.
Dilnoza RahimovaUzbekistan's antitrust authority has preliminarily approved the acquisition by VEON UZB Holding Ltd of 100% of shares in Rubicon Wireless Communication (the Perfectum brand). The deal was announced on October 19 for about $207 million, including $93 million of debt. Approval conditions: keeping Perfectum as an independent operator for at least 3 years, unchanged 5G FWA tariffs for 12 months, speeds of no less than 300 Mbit/s, protection of subscribers' data and freedom to switch to other operators.
Dilnoza RahimovaThe Agency for Industrial Cooperation and Public Procurement has put up for discussion a draft resolution under which exporters with a local production certificate will be able to obtain a certificate of origin within one working day, while the basic fee for issuance will drop from 35% to 24% of the BSV. The discussion will last until November 3.
Dilnoza RahimovaBBC Verify examines Donald Trump's claims of economic success: GDP is growing faster than IMF forecasts, but inflation has risen to 3.7%, job creation has slowed, and the budget deficit has reached $2 trillion. Tariffs and the war with Iran, economists estimate, have pushed prices up, while the benefits of tax cuts have gone to the wealthiest.
Dilnoza RahimovaTech companies led heavy losses on Asian exchanges on Tuesday as investors ignored a Wall Street rebound amid growing concerns about the AI investment boom ahead of earnings reports. Seoul and Tokyo were hit hardest — SK hynix, Samsung and Kioxia lost value again. Oil is also rising on threats in the Strait of Hormuz.
Dilnoza RahimovaAccording to the Statistics Committee of Uzbekistan, as of October 1, 2026, the country had 4,851 joint ventures and 17,178 foreign enterprises — 28.2% more than a year earlier. By the number of enterprises with their capital, China leads (6,649), followed by Russia (3,690) and Turkey (2,410).
Dilnoza RahimovaSwiss pharmaceutical giant Roche announced a freeze on all future investment decisions in Germany. Head of Roche Germany Daniel Steiner linked the move to government policies that have undermined the industry's trust. The criticism came on the opening day of the government's investment summit in Berlin.
Dilnoza RahimovaAfter declining at the start of Monday's trading, energy prices reversed upward. Brent futures topped $110 per barrel, reaching their highest level since mid-May, while WTI rose 2% to $103.5. European gas and heating oil also became more expensive.
Dilnoza RahimovaA groundbreaking ceremony for a data center complex in Ankara took place in the Başkent industrial zone. The project is being implemented by a joint venture of Ronesans Holding and Digital Realty. The first facility will require $450 million for basic infrastructure and $900 million for cooling and IT systems, while total investment across all phases will reach $4.1 billion.
Dilnoza RahimovaOn October 19, President of Uzbekistan Shavkat Mirziyoyev took part in the second meeting of the American-Uzbekistan Business and Investment Council in Samarkand. The event was attended by US Secretary of State Marco Rubio and Special Representative of the US President Sergio Gor. Mirziyoyev named mineral processing, energy, data centers, AI implementation, and personnel training as priority areas.
Dilnoza RahimovaThe Made for Germany alliance of 147 companies and investors presented the Reinventing Growth report: according to its estimates, Germany could attract €2.9–4.1 trillion in investments by 2035 across five strategic areas — from AI to defense. Members of the initiative plan to invest more than €850 billion in 2025–2028.
Dilnoza RahimovaOn October 19, President of Uzbekistan Shavkat Mirziyoyev in Samarkand received the President and CEO of Franklin Templeton Jenny Johnson, as well as the Chairman of the Board and CEO of Wabtec Rafael Santana. They discussed the results of the first international IPO of the National Investment Fund, which raised about $700 million, and possible deliveries of locomotives with long-term maintenance involving US financial institutions.
Dilnoza RahimovaOn October 19, the President of Uzbekistan held separate meetings with the heads of the American companies Franklin Templeton, Wabtec and Traxys. They discussed the transformation of state-owned enterprises and IPO preparation, locomotive fleet renewal and service centers, as well as projects in the field of critical minerals. Earlier, during the visit of the American delegation, 54 agreements worth $12 billion were signed.
Dilnoza RahimovaRepresentatives of the Appraisers Society of Uzbekistan Zebuniso Isanova and Shukhrat Abduvakhobov raised objections to the draft law on mass real estate valuation. In their view, the result of a mass valuation cannot be automatically applied to transactions, collateral and compensation upon expropriation: an undervalued figure is beneficial for tax purposes but may deprive the owner of part of the compensation, while an overvalued one may harm the payer. The experts proposed limiting mass valuation to tax purposes and enshrining the owner's right to an independent report.
Dilnoza RahimovaAt the Mondial de l'Auto motor show in Paris, 25 of the 60 exhibiting automakers were Chinese. The brands Zeekr, Changan, Denza and AITO are entering the European market. The event takes place against the backdrop of trade disputes between the EU and China: the sides concluded an agreement restricting the export of Chinese hybrids to the EU, while Chinese companies are setting up production in Europe to circumvent tariffs.
Dilnoza RahimovaChairman of the board of 'Issiklikta'minoti' Ilkhom Turaev announced that from 2027 the company will begin switching to hybrid heating systems using multiple energy sources under its programs. A long-term strategy for the sector's development until 2032 is being developed with World Bank support, considering electrification, geothermal energy and solar panel scenarios.
Dilnoza Rahimova
