Dilnoza Rahimova — tafs uz coverage of economy. News, key facts and context in English, Uzbek and Russian.
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On October 13, the president of Uzbekistan signed resolution PQ-371 on the development of greenhouse farms based on “green” technologies. The document provides for zero VAT and profit tax rates, a reduced social tax, subsidies for electricity and equipment, as well as preferential loans for family entrepreneurship.
Dilnoza RahimovaSocial media spread videos claiming an interest-free installment plan with no down payment for Chevrolet Damas, Cobalt, Tracker and Onix. UzAuto Motors' press service told Gazeta.uz that the company has no such sales plans and urged people not to spread unverified information. At the same time, since October 7 the company has been selling Cobalt and Damas in installments without banks, with down payments of 50% and 30% respectively.
Dilnoza RahimovaUzbekistan's Ministry of Construction and Housing and Communal Services has put up for public discussion a draft government resolution on raising heating and hot water supply tariffs for the population across the country from November 1, 2026. For consumers of Veolia Energy Tashkent, a 30% tariff increase is proposed: thermal energy — 203,636 soums per Gcal, heating — 314 soums per square meter per day, hot water by meter — 11,607 soums per cubic meter. The rationale is the gradual alignment of tariffs with cost price.
Dilnoza RahimovaDirector of the State Assets Management Agency (SAMA) Sohibjon Murodov said on October 8 that Saneg's licenses for the use of oil fields have been revoked because the fields were not put into operation and the license conditions were not met. He did not specify the number of revoked licenses. The transfer of more than 100 fields to the company in 2019 is linked to the criminal case against the former head of Uzbekneftegaz, Bakhodirzhon Sidikov, who rejects the charges.
Dilnoza RahimovaUzbekistan's State Labor Inspectorate reported that as of October 10, 145 monitoring checks of labor law compliance during the cotton harvest season revealed 132 violations, including 3 cases of forced labor and 86 cases of work without employment contracts. Fines totaling 172.8 million soums were imposed, and pickers were paid 8 billion 870.6 million soums.
Dilnoza RahimovaUzbekistan's Ministry of Construction and Housing and Communal Services has put forward for discussion a draft resolution providing for annual indexation of centralized heat supply tariffs from 2028, effective May 1, taking inflation into account but by no more than 10%. A tariff increase is also proposed from November 1, 2026 — in Tashkent by approximately 30%.
Dilnoza RahimovaAccording to the BBC, Chancellor John Healey is considering raising taxes on the banking sector in the 2026 budget. Options under discussion include reversing the corporation tax surcharge cut from 3% back to 8%, raising the bank levy, or a moratorium on loss carry-forwards. The four biggest banks earned around £15bn in six months; the industry warns of a threat to competitiveness.
Dilnoza RahimovaA government resolution of Uzbekistan dated October 12, 2026 No. 560 introduced amendments to the administrative regulation for the provision of state services for the acceptance of completed construction facilities and issuance of permits for their operation. Acceptance will be carried out directly on the basis of acts of the state acceptance commission and working commissions of customers, with a mandatory control inspection by the Accounts Chamber (Inspectorate of State Financial Control).
Dilnoza RahimovaA draft presidential decree put forward for public discussion provides for one-time financial aid of 1 million soums in November 2026, expanded eligibility criteria for compensation for electricity, gas and coal, an increased baseline electricity consumption norm, and new heating tariffs.
Dilnoza RahimovaThe Ministry of Construction and Housing and Communal Services has submitted to the Government a draft resolution on digitalizing licensing in the construction sector. It provides for abolishing the requirement to submit up to 30–40 documents, automatic data retrieval through interagency integration, and reducing application review times by 50–60%. This was announced by the head of the ministry's information service, Saidnosir Usmanov.
Dilnoza RahimovaThe Uzenergoinspektsiya inspection reported that over nine months of 2026, 2,795 cases of illegal use of energy resources were identified: 129.1 million cubic meters of gas and 226.4 million kWh of electricity, with damage amounting to 825.3 billion soums. Also, 7,435 tons of low-quality fuel were seized and recalculations were carried out for entrepreneurs.
Dilnoza RahimovaDeputy Minister of Economy and Finance Khurshed Mustafayev stated that from May 1, 2028, centralized heating tariffs in Uzbekistan will be indexed annually taking inflation into account, but by no more than 10%. According to him, a rigid link to current inflation would require revision if the economic situation changes. A similar mechanism has already been applied to electricity and gas tariffs since the beginning of 2026.
Dilnoza RahimovaUzbekistan's Cabinet of Ministers on October 9 approved the procedure for conducting a business census (PCM-557). It will cover legal entities, individual entrepreneurs, dehkan farms, the self-employed and unregistered entities as of October 1, 2026. Results will be published by September 1, 2027.
Dilnoza RahimovaPresident Shavkat Mirziyoyev signed a resolution (PP-371) on October 13 on developing greenhouse farms based on “green” technologies. From November 1, 2026 to April 1, 2030, greenhouses with heat-saving coverings and energy-efficient heating will be subsidized 50% of the cost of electricity in October–March. Tax incentives, compensation for solar panels, and preferential Central Bank loans are also being introduced.
Dilnoza RahimovaJio Platforms, the digital arm of Mukesh Ambani's Reliance Industries, has announced an IPO of up to $3.2 billion — potentially the largest public offering in India's history. Subscriptions open on October 21, and the company's valuation could reach about ₹10.3 trillion (~$108.3 billion).
Dilnoza RahimovaUzbekistan and the ADB signed a $200 million loan agreement to modernize electricity distribution networks: upgrading 60 substations, digital management systems, reducing losses and emissions, and integrating at least 3.3 GW of renewable energy. The project became the ADB's first energy project under the mutual reliance mechanism with the World Bank. Later in October, the World Bank will consider additional financing of $100 million.
Dilnoza RahimovaThe Committee for Competition Development reported that following inspections, nearly 800,000 citizens of Uzbekistan had their unjustified utility debts recalculated, amounting to approximately 22 billion sums. Charges were applied, in particular, for waste removal during periods when residents were temporarily absent. The Committee proposed integrating billing systems with migration registration databases and introducing monthly recalculations for subscribers abroad.
Dilnoza RahimovaThe Agency for Management of State Assets has put part of the old campus of the Nizami National Pedagogical University near the Chilanzar metro station in Tashkent up on E-auksion. The lot includes buildings with a total area of 1,818 square meters on a 1.43-hectare plot with a starting price of 207.24 billion soums. The auction is scheduled for October 26. The buyer is required to establish a non-state educational institution and receive the facilities no later than the end of 2029.
Dilnoza Rahimova
