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Economy

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

Uzbekistan's Ministry of Construction and Housing and Communal Services has put up for public discussion a draft government resolution on raising heating and hot water supply tariffs for the population across the country from November 1, 2026. For consumers of Veolia Energy Tashkent, a 30% tariff increase is proposed: thermal energy — 203,636 soums per Gcal, heating — 314 soums per square meter per day, hot water by meter — 11,607 soums per cubic meter. The rationale is the gradual alignment of tariffs with cost price.

3 min read
Economy

The State Put 49.07% of the Uzbek-Chinese UzXCMG Plant in Urgench Up for Auction

The 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.

3 min read
Economy

UzPost corporate documents indicate transfer of state share package into trust management of WB INT EXPORT despite AUGA statements

An 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.

3 min read
Economy

Violations worth nearly 10 billion soums revealed in Uzbekistan's public procurement

The 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.

2 min read
Economy

New Benefits Proposed for Greenhouse Owners in Uzbekistan: 50% Tax Reduction

President 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.

1 min read
Economy

Uzbekistan proposes raising the price of liquefied gas 2.5-fold and compensating the difference to those in need

Uzbekistan'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.

4 min read
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.

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.

3 min read
Economy

Saneg's licenses for oil fields in Uzbekistan revoked due to failure to meet conditions — head of the State Assets Management Agency

Director of the State Assets Management Agency (SAMA) Sohibjon Murodov said on October 8 that Saneg's licenses for the use of oil fields have been revoked because the fields were not put into operation and the license conditions were not met. He did not specify the number of revoked licenses. The transfer of more than 100 fields to the company in 2019 is linked to the criminal case against the former head of Uzbekneftegaz, Bakhodirzhon Sidikov, who rejects the charges.

3 min read
Economy

State Labor Inspectorate identified 132 violations during the cotton season and recovered over 8.8 billion soums

Uzbekistan's State Labor Inspectorate reported that as of October 10, 145 monitoring checks of labor law compliance during the cotton harvest season revealed 132 violations, including 3 cases of forced labor and 86 cases of work without employment contracts. Fines totaling 172.8 million soums were imposed, and pickers were paid 8 billion 870.6 million soums.

1 min read
Economy

Uzbekistan proposes annual indexation of heating tariffs of no more than 10%

Uzbekistan's Ministry of Construction and Housing and Communal Services has put forward for discussion a draft resolution providing for annual indexation of centralized heat supply tariffs from 2028, effective May 1, taking inflation into account but by no more than 10%. A tariff increase is also proposed from November 1, 2026 — in Tashkent by approximately 30%.

3 min read
Economy

UK banks brace for tax rises in autumn budget

According to the BBC, Chancellor John Healey is considering options to increase the tax burden on the banking sector ahead of the budget. The four biggest banks earned about £15bn in six months; under discussion are reversing the cut to the profits surcharge, raising the bank levy, or a moratorium on loss carry-forwards. The industry warns of risks to competitiveness.

3 min read
Economy

Uzbekistan establishes a procedure for direct commissioning of a number of important facilities

A government resolution of Uzbekistan dated October 12, 2026 No. 560 introduced amendments to the administrative regulation for the provision of state services for the acceptance of completed construction facilities and issuance of permits for their operation. Acceptance will be carried out directly on the basis of acts of the state acceptance commission and working commissions of customers, with a mandatory control inspection by the Accounts Chamber (Inspectorate of State Financial Control).

1 min read
Economy

Construction licenses planned to be issued in 2–3 days instead of 2–3 months

The Ministry of Construction and Housing and Communal Services has submitted to the Government a draft resolution on digitalizing licensing in the construction sector. It provides for abolishing the requirement to submit up to 30–40 documents, automatic data retrieval through interagency integration, and reducing application review times by 50–60%. This was announced by the head of the ministry's information service, Saidnosir Usmanov.

1 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.

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.

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.

5 min read