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Nilufar Karimova
tafs uz · Economy

Nilufar Karimova

Nilufar Karimova — tafs uz coverage of economy. News, key facts and context in English, Uzbek and Russian.

Editorial pseudonym. These names are tafs uz editorial pseudonyms. Portraits are illustrations; profiles identify the publication’s topic bylines rather than individual journalists’ biographies. The tafs uz editorial desk is responsible for the publications.

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Economy

Uzbekistan to reduce customs fee for international courier shipments by 20% from November 1, 2026

By Presidential Decree PQ–368 of October 12, 2026, goals for the development of Uzbekistan's transport and logistics system for 2026–2030 are set: logistics center capacity of at least 40 million tons, service exports of $3.5 billion, transit of 18.5 million tons. From November 1, 2026, the fee for processing international courier shipments is reduced by 20%. Tax incentives are provided for logistics centers and exemption from duties on imports of components for automakers.

Nilufar Karimova
2 min read
Economy

Uzbekistan proposes raising heating and hot water tariffs by about 30% from November 1, 2026

Uzbekistan's Ministry of Construction and Housing and Communal Services has put up for public discussion a draft resolution on new centralized heat supply tariffs. From November 1, 2026, tariffs in Tashkent may rise by about 30%, and from 2028 they are to be indexed annually based on inflation, but by no more than 10%. The discussion will run until October 28.

Nilufar Karimova
3 min read
Economy

Uzbekistan proposes paying over 1 million needy families 1 million soums each ahead of the heating season

The National Agency for Social Protection has published a draft presidential decree: in November 2026, more than 1 million 17 thousand families are planned to receive one-time assistance of 1 million soums. It is also proposed to raise the basic electricity norm for non-gasified areas, expand compensation for electricity, gas and coal, and from 1 November introduce new tariffs for heating and hot water.

Nilufar Karimova
4 min read
Economy

Uzbekistan reduces customs fee for courier shipments and exempts logistics centers from taxes until 2040

A resolution of the President of Uzbekistan PQ-368 dated October 12, 2026 approved measures to develop the transport and logistics system for 2026–2030. From November 1, 2026, the customs fee for processing international courier shipments is reduced by 20% — from 2% to 1.6% of the BRV (from 8,800 to 7,040 soums per kg). Logistics centers are exempt from land tax and property tax until 2040, customs benefits are provided for equipment and components, and the number of dry ports will grow from 24 to 30.

Nilufar Karimova
3 min read
Economy

The Eurozone Debt Map Has Flipped: Belgium Borrows Like Greece, France Pays More Than Italy

Fourteen years after the euro crisis, the old map of debtors and creditors no longer works: the yield on Belgium's ten-year bonds (4.29%) has almost caught up with Greece's (4.35%), while France pays more than Italy. Experts link this to deteriorating fiscal policy in the 'core' and the recovery of the former periphery. Against the backdrop of record borrowing in 2027, refinancing risks are growing, the IMF and analysts warn.

Nilufar Karimova
5 min read
Economy

Competition violations worth 10 billion soums identified in Uzbekistan's public procurement

The Committee for the Development of Competition and Protection of Consumer Rights reported violations of legislation in public procurement worth about 10 billion soums. Violations were identified in organizations of six regions, including road and medical institutions, a boarding school, and forestry. Cases have been initiated, mandatory instructions issued, and in certain cases materials were sent for legal assessment.

Nilufar Karimova
2 min read
Economy

Uzbekistan explained why the basic electricity norm for non-gasified areas is proposed to be raised to 350 rather than 500 kWh

Deputy Minister of Economy and Finance Khurshed Mustafaev at a press conference on 14 October explained the proposal to raise the basic electricity consumption norm for the heating season from 200 to 350 kWh: according to analysis, 60% of residents of non-gasified areas consume up to 300 kWh in winter. The norm will affect about 4 million households without gas and over 600 thousand with unstable gas supply. No comparative calculations for the 500 kWh option were presented.

Nilufar Karimova
4 min read
Economy

Jordan positions itself as a 'safe gateway' for investors, counting on partnership with the EU

Jordan's Investment Minister Tareq Abu Ghazala said the country has demonstrated to investors a 'resilient economy' and is becoming a 'safe gateway' for neighboring countries. Amman seeks to turn its €3 billion partnership with the European Union into a major economic opportunity, attracting European investment in energy, infrastructure, technology and logistics.

Nilufar Karimova
1 min read
Economy

Ukraine will be paying off debts until 2061: TASS calculations based on Finance Ministry data

According to TASS calculations based on data from Ukraine's Finance Ministry, payments to the IMF and the World Bank will amount to about 128.86 billion dollars — until 2057 in dollars and until 2061 in euros. As of August 31, 2026, the public debt reached 215.55 billion dollars. The budget deficit for 2027 is estimated at approximately 96 billion dollars, or 37% of GDP.

Nilufar Karimova
2 min read
Economy

Ramp raises $1.85 billion at a $60 billion valuation and deepens its AI products

Fintech company Ramp announced a $1.85 billion funding round at a $60 billion valuation — just four months after a $750 million round at a $44 billion valuation. The round was co-led by Dragoneer, Thrive Capital, Founders Fund, Sands Capital and Avenir Growth. Ramp reported annual revenue of over $2 billion and an expansion of its business into AI: agents in products, a corporate card for AI agents, model routing and the Glass workspace.

Nilufar Karimova
3 min read
Economy

Uzbekistan plans to reduce heating costs by 30–40% by 2030

Deputy Minister of Economy and Finance Khurshid Mustafayev said that the cost of centralized heating is planned to be reduced by 30–40% through modernization and loss reduction. The draft resolution provides for an annual cost reduction of at least 15%, tariff indexation from 2028, and new tariffs from November 1, 2026.

Nilufar Karimova
2 min read
Economy

US EV Sales Grow for Third Straight Quarter After Tax Credit Repeal

According to Cox Automotive, EV sales in the US have grown for three consecutive quarters and reached 6.1% of the market — the best figure since the third quarter of 2025. Toyota, Rivian and Subaru lead the way, while Tesla sales fell 20% year over year, though it retains more than half of the market. Analysts compare the situation with Germany's market recovery after subsidies were scrapped in 2023.

Nilufar Karimova
2 min read
Economy

More than 1 billion soums taken from citizens identified in medical institutions of Karakalpakstan, Samarkand and Syrdarya regions

The Committee for the Development of Competition and Protection of Consumer Rights of Uzbekistan reported violations in the formation of prices for paid medical services in Karakalpakstan, Samarkand and Syrdarya regions. More than 1 billion soums were unreasonably or excessively collected from consumers. Cases have been initiated, orders for the return of funds have been issued, and tariffs for a number of services have been reduced by an average of 16.22%.

Nilufar Karimova
3 min read
Economy

Interpol website no longer displays the wanted notice for Anorbank founder Kahramonjon Olimov

The Interpol website no longer displays a Red Notice for Uzbek entrepreneur Kahramonjon Olimov, who was declared internationally wanted by Uzbekistan at the end of September. Olimov is a co-owner of private Anorbank: according to the Unified State Register, he owns 49.4% of the bank's shares. Anorbank and the Central Bank of Uzbekistan previously stated that the shareholder's situation does not affect the bank's operations.

Nilufar Karimova
3 min read
Economy

Amid the situation surrounding its shareholder, ANORBANK increased its assets to 20.3 trillion soums

In September, ANORBANK founder Kahramonjon Olimov drew media attention: The Insider reported a possible staged kidnapping in France, and a red notice about his search appeared on the Interpol website, disappearing by October 15. Meanwhile, the bank reported asset growth to 20.32 trillion soums over the first nine months of 2026 and approved an additional share issuance of 100 billion soums.

Nilufar Karimova
2 min read