Nilufar Karimova — tafs uz coverage of economy. News, key facts and context in English, Uzbek and Russian.
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The CAC 40 index fell 1.1% after mass protests in France over the rising cost of living. According to Anadolu, around 2,400 people were detained and around 1,000 police officers and firefighters were injured. The pan-European STOXX 600 dropped 0.63%, and the eurozone banking sector lost 1.4%.
Nilufar KarimovaAccording to China's National Bureau of Statistics, industrial production in September increased 5.5% year-on-year, beating market expectations (5.4%) and accelerating from 5.2% in August. Retail sales grew 1.1% versus a forecast of 0.5%, reaching 4.24 trillion yuan.
Nilufar KarimovaAt the sixth international HAT Treasury Summit in Athens, financial experts discussed how consumers and companies should act amid high inflation, rate volatility and geopolitical uncertainty. Advice: caution with major purchases, expense control and hedging risks for businesses.
Nilufar KarimovaCemil Kazancı, chairman of the board of the Turkish company Aksa, said after a meeting with President Shavkat Mirziyoyev on October 16 that the company expects to sign agreements within a week on managing the distribution power grids of three regions, expanding the operations it began in Samarkand region.
Nilufar KarimovaThe BIST 100 index opened on Monday at 11,745.68 points, up 0.20%, after falling 2.89% on Friday. The US dollar stood at 49.5525 liras, gold at $4,180.50 per ounce, and Brent at $107.22.
Nilufar KarimovaAccording to Eurostat, eurozone inflation in September stood at 3.8%, with energy prices up 18.8% year-on-year. Euronews publishes an overview of pressure on consumers and European Commission measures and launches an anonymous reader poll on whether the EU's response is sufficient.
Nilufar KarimovaAccording to the logistics service ATI.SU, in the third quarter of 2026 the number of requests for export freight transportation from Uzbekistan grew by 29%, and rates by 10%. Demand for delivery to Belarus increased by 80%, to Russia by 25%. Import transportation showed fluctuations: a decline in July-August and a 39% rise in September.
Nilufar KarimovaA BBC Panorama investigation found that some companies in the supported exempt accommodation (SEA) system receive housing benefits for vulnerable residents without providing the required support. In Birmingham alone, the DWP paid out £410m in the last financial year; the city has more than 34,000 SEA residents. Journalists documented adverts for 'ghost residents' on social media, a £1.8m write-off by one of the largest providers, and residents' complaints about a lack of help.
Nilufar KarimovaAt the second Central Asian Oil and Gas Forum in Tashkent, an initiative was discussed to link Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan with more than 3,000 km of gas pipelines. The idea's author, Kazakh expert Askar Ismailov, estimates the cost at $5 billion and capacity at 20 billion cubic meters of gas per year. Financing and agreements between governments have not yet been announced.
Nilufar KarimovaChina's GDP grew 4.5% year-on-year in Q3 2026, beating forecasts (4.4% per an AFP survey) and accelerating from 4.3% in Q2. Growth was driven by exports, especially high-tech products, amid weak domestic demand, a downturn in the property market and falling investment. The trade surplus for the nine months reached $938 billion, heightening friction with the EU and the US.
Nilufar KarimovaOn October 16, Shavkat Mirziyoyev met with participants of the Council of Investors in the fuel and energy sector. Sinoma Energy Conservation announced the completion of its first solar power plant project with a battery storage system in the Navoi region, while China Energy International and CAMCE noted plans to expand cooperation.
Nilufar KarimovaPresident Shavkat Mirziyoyev, at a meeting with energy sector investors, said that in addition to the nuclear power plant under construction in Jizzakh, a second and third nuclear plant are planned. He linked this to growing uranium production: according to the Geology Committee, in 2025 it reached 7 thousand tons, with 15 thousand tons planned by 2030.
Nilufar KarimovaAt a meeting between Shavkat Mirziyoyev and fuel and energy sector investors, EDF Vice President Cedric Le Bouch announced that the 1,600 MW Syrdarya-2 combined-cycle power plant will come online this winter. Also, 75% of work at the Surkhandarya thermal power plant has been completed, a memorandum on a wind power plant in Bukhara region has been signed, and interest in modernizing power grids has been declared.
Nilufar KarimovaHead of Saudi ACWA Power Muhammad Abunayyan, after meetings with President Shavkat Mirziyoyev, announced a $1.5 billion contract for a 1 GW round-the-clock generation project and plans to provide $3.5 billion in direct investments in 2027. In November, a visit by a delegation of more than 50 Saudi companies is expected.
Nilufar KarimovaOver the past 10 years, Uzbekistan's trade turnover with Central Asian countries grew from 2.5 to almost 8.5 billion dollars, while the region's mutual trade reached about 11 billion dollars. Economist Javlon Vakhobov sees potential in integrating the seven regions of the Fergana Valley, with a population of about 18 million people, into unified production chains.
Nilufar KarimovaOn October 16, the first meeting of the Investors' Council in the fuel and energy sector was held in Tashkent. President of Uzbekistan Shavkat Mirziyoyev met with executives of companies from Azerbaijan, the UK, the UAE, China, Turkey, Saudi Arabia and Oman. The discussions covered the development of deposits on the Ustyurt plateau, green energy, thermal power plants, a logistics hub in the Andijan region, and preparations for the visit of US Secretary of State Marco Rubio.
Nilufar KarimovaAccording to Visual Capitalist data based on IMF statistics and the UN Comtrade database, in 2000 the EU was the leading trade partner among the trio 'China — US — EU' in 112 of 175 economies, and the US in 53. By 2025, the leadership had shifted: China became the top partner in 92 countries, the EU in 55, and the US in 32. China's external goods trade grew from $470 billion in 2000 to $6.4 trillion in 2025.
Nilufar KarimovaDeputy Minister of Economy and Finance Khurshed Mustafayev said that from 2023 to 2025 the average monthly electricity consumption per subscriber fell from 212 to 184 kWh (−13%), and gas from 431 to 342 cubic meters (−21%). Deputy Director of the National Agency for Social Protection Jamshid Abruev explained the shift to targeted support by the fact that the previous subsidies benefited higher-income families more. Over a year and a half, about 470 thousand families received compensation totaling 156 billion soums.
Nilufar Karimova
