Nilufar Karimova — tafs uz coverage of economy. News, key facts and context in English, Uzbek and Russian.
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The Central Bank of Uzbekistan, based on the results of the third quarter of 2026, compiled an anti-ranking of banks based on 12,307 customer complaints. Hayot Bank topped the list with an index of 5.71. InFinBank and Ipoteka bank left the anti-ranking, while Hayot Bank and Turonbank entered it for the first time.
Nilufar KarimovaAccording to data cited by Kun.uz, over 10 million foreign tourists came to Uzbekistan in nine months. Kyrgyzstan led in visitor numbers with 2,844,201 people, followed by Kazakhstan and Tajikistan. The three Central Asian countries account for about 73% of the total flow.
Nilufar KarimovaUzbek President Shavkat Mirziyoyev met with the chairman of the board of directors of Oman's Voltamp Energy, Sayyid Ayman al-Busaidi, at the first meeting of the Investors' Council in the fuel and energy sector. The parties agreed to implement the company's current and new projects based on a 'roadmap'; key topics are the construction of solar photovoltaic power plants and the production of high-voltage transformers.
Nilufar KarimovaActor and entrepreneur Mark Wahlberg presented at TechCrunch Disrupt in San Francisco the concept of Municipal Gym — the first club, spanning 32,000 square feet, will open in December near Las Vegas. The project is positioned as an affordable alternative to expensive longevity clubs: for $99, they promise three blood tests and an hour with a doctor, while competitors charge tens of thousands of dollars per year.
Nilufar KarimovaTürkiye's Trade Minister Ömer Bolat said at Innovation Week in Istanbul that the average export value per kilogram rose to $1.73, and to $2.11 excluding low-tech goods. In the defense industry the figure reached $61.5 per kilogram. The share of high-tech exports grew from 30.4% in 2002 to 43.7% by the end of 2025.
Nilufar KarimovaTurkish President Recep Tayyip Erdogan, speaking at the Türkiye Innovation Week 2026 event in Istanbul, said that in 2025 the country exported defense and aerospace products worth more than $10 billion to 180 countries and regions. He also announced a goal of creating 100,000 tech startups by 2030 and commented on the investment fund investigations.
Nilufar KarimovaAt a press conference after the EU summit in Brussels, European Commission President Ursula von der Leyen called for changing the energy consumption model, saying that dependence on imported oil and gas added €106 billion ($119 billion) in costs without any additional energy. Gas prices rose by about 140% since late February, diesel doubled. Short-term measures were agreed, including the release of 100 million barrels of oil and diesel over four months under the IEA's coordination.
Nilufar KarimovaTurkish Airlines and CFM International have signed a memorandum for the supply of over 300 LEAP-1B engines for up to 150 Boeing 737 MAX aircraft and long-term maintenance of a fleet of more than 600 engines, including the AJet fleet. The agreement also provides for the creation of an MRO center for LEAP engines in Turkey.
Nilufar KarimovaShavkat Mirziyoyev met with the head of Turkey's Cengiz Holding Mehmet Cengiz and the chairman of Saudi ACWA Muhammad Abunayyan. They discussed the construction of thermal power plants, modernization of power grids, and expansion of cooperation in energy, geology, infrastructure, and high technologies.
Nilufar KarimovaRising energy prices amid the Iran conflict are intensifying inflationary pressure in major economies. The Fed, ECB and Bank of Japan raised rates in September, while the Bank of England held them, but three committee members voted for an increase. Economist Hugh Dixon warns of possible stagnation of growth and recessions in several G7 economies by 2027.
Nilufar KarimovaDeputy Minister of Construction and Housing and Communal Services Ozoda Zhurayeva said that disconnecting apartments from central heating in order to switch to individual boilers is prohibited by Cabinet of Ministers Resolution No. 194 of July 5, 2014. The ban is explained by the need to keep the building's common system operational. The question was prompted by a proposal to raise heating and hot water tariffs by an average of 30% from November 1, 2026.
Nilufar KarimovaA representative of Uzbekistan's Ministry of Energy stated at a press conference on October 14 that in the upcoming autumn-winter season, power outages will be linked only to scheduled repair works, about which residents are warned in advance. The ministry also reported that complaints about electricity supply nearly halved in 2025.
Nilufar KarimovaFrance and Germany, on the sidelines of the EU summit in Brussels, agreed a joint position on the auto industry: a 90% reduction in CO2 emissions from new cars by 2035 without offsetting the remaining 10%, and requirements for European origin of components. The deal was welcomed by Merz, Macron, Volkswagen and the VDA, but to enter into force it needs the support of other EU countries and the European Parliament.
Nilufar KarimovaThe Central Bank of Uzbekistan set the dollar rate for October 17 at 12,055.90 soums (+44.25), the euro at 13,572.53 soums (+109.87), and the ruble at 144.16 soums (+0.99). All three currencies became more expensive against the soum.
Nilufar KarimovaAccording to the Turkish Statistical Institute, new home sales in Turkey in September rose 3.9% year-on-year to 51,519, while overall housing sales fell 9.3% to 142,390. Sales to foreigners increased 9.9% to 2,167, with Russian citizens leading.
Nilufar KarimovaIn the Habib Abdullayev mahalla, together with Uzsanoatqurilishbank, the needs of local entrepreneurs are being studied and their business ideas are turned into practical projects. An example is a confectionery and bakery shop that received about 100 million soums and increased production by 30–40%.
Nilufar KarimovaDeputy Minister of Economy and Finance Khurshed Mustafayev stated that after tariff reforms the population has switched to saving: average electricity consumption per subscriber decreased from 212 to 184 kWh per month (by 13%), and gas — from 431 to 342 cubic meters (by 21%).
Nilufar KarimovaAt a dialogue with fuel and energy sector investors, Shavkat Mirziyoyev announced the preparation of 12 projects worth $850 million to localize imported energy equipment, as well as the creation of an industrial zone in the Jizzakh region for producing goods for the nuclear power plant under construction.
Nilufar Karimova
