198 stories
EU leaders at the summit failed to reach agreement on the draft budget for 2028–2034 worth nearly 2 trillion euros. Austerity advocates led by Germany are demanding spending cuts, Ireland proposed trimming the draft by 140 billion euros, while France insists on new Europe-wide levies. Many countries want the budget approved by the end of 2026.
Kun.uz xabariga ko‘ra, Tula viloyatidan kelgan Belyov olma pastilasi O‘zbekistonda — Organic Food va Fix Price do‘konlarida, shuningdek, Uzum yetkazib berish xizmati orqali sotuvga chiqdi. Ishlab chiqarish XIX asr texnologiyasini saqlab qolgan va kuniga 20–25 tonna olma qayta ishlaydi.
The European Central Bank approved Italian UniCredit exceeding the 30% threshold of Commerzbank's share capital with no upper limit. By the end of the year, the bank expects to obtain about 50% of voting rights and establish control. The deal faces resistance in Germany: the government, which retains a 13.3% stake, is seeking guarantees on jobs and the headquarters in Frankfurt, but Finance Minister Lars Klingbeil called the negotiations constructive.
Rhodium Group senior adviser Noah Barkin said the EU has achieved its greatest unity in years on a tougher trade policy toward China after Germany changed its position. The EU has set an October deadline for addressing the growing trade deficit with China, otherwise tougher measures will follow.
Benchmark partners at TechCrunch Disrupt said that because of AI, conflicts of interest between portfolio companies are becoming inevitable. The trigger was the scandal around Factory and Cognition, where advisor Chris Degnan moved to a direct competitor.
The Asian Development Bank has provided Uzbekistan with a $200 million loan to modernize the electricity distribution system. The agreement was signed on October 15. The program provides for the reconstruction of 60 substations, the introduction of digital control systems, and the creation of conditions for connecting at least 3.3 GW of renewable energy.
A 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.
Telecom Soft held an electronic tender for the procurement of video surveillance equipment for automated road traffic control systems with a starting price of 10 billion 316 million soums. The Chinese company HAC Smart Technologies was declared the winner with a bid of 657 thousand dollars, with HMN Smart at 698 thousand dollars as the reserve. The Kun.uz outlet, citing the Revizor channel, noted that both companies share one office address in Tianjin and have nearly identical websites. The next day, the procurement commission canceled the tender.
On 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.
The Ministry of Education and Science of Uzbekistan has extended until November 1 the deadline for paying contracts and completing enrollment at universities for the 2026/2027 academic year. By this date, at least 25% of the annual amount must be paid under the basic contract and at least 50% under the differentiated contract. The deadline had previously been extended to October 15. Also, starting from the new academic year, a 30% tuition compensation has been introduced for children of pedagogical workers.
From late October, Uzbekistan Airways will increase the number of regular flights on the Tashkent — Kuala Lumpur route to four per week. The airline has published the departure schedule from Tashkent and back, as well as prices: from 3,235,000 soums one way and from 6,357,000 soums for a round trip. Thanks to interline agreements, the route can be booked as a single ticket to other points in Malaysia, including Langkawi and the Malaysian part of the island of Borneo.
The 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.
The Tax Committee of Uzbekistan has put up for public discussion a draft resolution of the Cabinet of Ministers on digital labeling of vegetable oil. If the document is adopted, mandatory labeling may come into force on July 1, 2027. It will cover oils of HS codes 1507–1515: soybean, peanut, olive, palm, sunflower, safflower, cottonseed, coconut, rapeseed and others. The discussion will last until October 24.
Uzbekistan'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.
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.
The 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.
Uzbekistan'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.
Social 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.
