Nilufar Karimova — tafs uz coverage of economy. News, key facts and context in English, Uzbek and Russian.
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A study by the Deutsche Bank Research Institute, 'Mapping the World's Prices 2026,' compares couples' disposable income after paying rent for a three-room apartment in the city center. Among 28 European cities, Zurich (€9,140) and Geneva (€8,783) lead, while Lisbon (€253) and Istanbul (€353) close the list. In 11 cities, rent exceeds one net salary.
Nilufar KarimovaKun.uz explained the taxation procedure when individuals sell land plots in Uzbekistan. The tax is paid by the seller; income is defined as the excess of the sale price over the purchase price (or over the cadastral value if documents are absent). No tax or declaration is required if the plot has been owned for more than 36 months.
Nilufar KarimovaThe Uzbek soum has been losing value against the dollar for nine consecutive trading sessions: from October 3 to 16, the rate rose from 11,772.95 to 12,011.65 soums (+238.7 soums, about 2%). Economist Mirkomil Kholboev links this to the dollar's strengthening on the global market amid the US Federal Reserve's policy tightening, and also names three possible domestic factors, emphasizing that there is no confirming data yet.
Nilufar KarimovaUzenergoinspektsiya reported that from January to September 2026 it recorded 2,795 cases of illegal consumption of electricity and gas with damage exceeding 825 billion soums. Also, 4,196 administrative protocols were drawn up, excessive payments were recalculated for entrepreneurs, and the sale of more than 7.4 thousand tonnes of low-quality fuel was prevented at gas stations.
Nilufar KarimovaA Cabinet of Ministers resolution of Uzbekistan dated October 13 excluded signs with a company's name and type of activity from outdoor advertising objects — an advertising place passport is no longer required for them. Advertising on legal entities' own vehicles has also been simplified, deadlines for short-term advertising and a procedure for dismantling structures have been established.
Nilufar KarimovaUzbekistan has clarified the procedure for granting a 30% discount on contract-based tuition to the children of educators. The benefit applies at state higher education institutions in full-time study, is arranged via kontrakt.edu.uz, and applies to each eligible child of an educator.
Nilufar KarimovaVladimir Putin signed a decree placing the Russian assets of Tarkett, registered in Serbia, as well as several other foreign companies, under temporary management. According to DW, Tarkett has 34 plants, two of which are located in Russia. Reuters describes the measures as a retaliatory campaign against sanctions.
Nilufar KarimovaA presidential decision has set the timeframe for state registration of economic units: from October 15 to November 30, 2026. Legal entities, individual entrepreneurs, farms, the self-employed, and unregistered subjects are subject to registration. The data will be used only for statistical purposes, with results to be published by September 1, 2027.
Nilufar KarimovaOn 13 October, the Cabinet of Ministers of Uzbekistan adopted a resolution easing requirements for outdoor advertising. Signs with a business's name and type of activity on entrepreneurs' buildings are not considered advertising and do not require an advertising place passport. Advertising on transport has been simplified, deadlines for short-term advertising clarified, and the procedure for forced dismantling specified. The changes were reported by the Competition Committee.
Nilufar KarimovaThe European Investment Bank intends to expand financing of cross-border infrastructure projects in Central Asia. EIB Vice-President Marek Mora, in an interview with Euronews during a visit to Astana, spoke about support for the Kambar-Ata-1 HPP, loans for Kazakhstan's roads and financing conditions, including environmental standards and a 'win-win' for European industry.
Nilufar KarimovaUzbekistan's Migration Agency announced the recruitment of 124 workers for a major Turkish construction company. Salaries range from 37.5 to 55 thousand Turkish lira per month (approximately $760–1115). Applications are accepted until October 16, 2026.
Nilufar KarimovaThe growth of online purchases in the UK — 27.3% of all retail sales in August versus 18.1% in 2019 — has pushed even Primark, which for years refused to sell online, to launch home delivery. Shoppers explain the shift by the inconvenience of offline shopping, size ranges and prices, while analysts warn that the returns policy will be the decisive factor.
Nilufar KarimovaUzbekistan's Competition Committee reported that following an audit, about 22 billion soums in unjustified utility charges were recalculated for citizens who temporarily lived away from their permanent registration. Data on some subscribers was outdated, and new subscribers were not entered into the system. The Committee proposed integrating billing systems with migration databases and monthly recalculation for subscribers abroad.
Nilufar KarimovaThe state's 49.07% stake in the charter fund of the UzXCMG joint venture has been put up for electronic auction on the E-auksion platform. The starting price of the stake is 140.53 billion soums, with the auction scheduled for October 19. The plant, founded in 2014 by Uzbekistan Railways and China's XCMG, improved its financial performance in 2025, but posted a loss again in the first quarter of 2026.
Nilufar KarimovaAn extract from the minutes of the general meeting of shareholders of 'Uzbekiston Pochtasy' (UzPost) dated September 21, 2026 references trust management agreement No. 01/3-94 dated December 30, 2025, under which WB INT EXPORT (a subsidiary of Wildberries) manages the state share package and holds shareholder rights. This contradicts the statement of AUGA head Sokhibjon Murodov on October 8 that no trust management agreement exists. Five of the nine seats on the supervisory board were taken by representatives linked to Wildberries & Russ.
Nilufar KarimovaThe Antimonopoly Committee of Uzbekistan, following a review of public procurement, identified violations related to restriction of competition in a number of contracting organizations. The total value of these procurements amounted to nearly 10 billion soums. Violations were recorded in the Andijan, Fergana, Jizzakh, Namangan, Navoi and Samarkand regions.
Nilufar KarimovaPresident Shavkat Mirziyoyev reviewed a presentation on the introduction of 'green' technologies in greenhouse farming. It is proposed that by 2030 land and property taxes for household greenhouses be reduced by 50%, they be exempted from turnover tax, half of electricity costs be compensated, and grants and preferential loans be allocated for the modernization and construction of greenhouses.
Nilufar KarimovaUzbekistan's Ministry of Economy and Finance has put up for public discussion a draft resolution raising the retail price of liquefied gas for the population from 2,000 to 5,000 soums per kilogram including VAT. For socially vulnerable families, a compensation of 3,000 soums per kilogram is provided, but no more than 20 kg per month. The introduction date differs between the document and the explanations: October 1 or November 1, 2026.
Nilufar Karimova
