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News about economy: events, facts and developments on tafs uz.

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Uzbekistan enters the world's top 5 countries in poverty reduction

Uzbekistan has been recognized as one of the world's leaders in poverty reduction, entering the top 5 countries by this indicator. Over nine months of 2026, the poverty rate fell by 2.2 percentage points, and the number of poor families decreased by 184 thousand. The republic accounts for 60% of the region's success in this area. Minister of Employment Marat Zhurayev presented World Bank data, noting that 824 thousand people found permanent jobs and the incomes of 4.14 million citizens were raised.

Javlon Tursunov

28 Oct 2026 · 20:062 min read

US national debt exceeds $40.5 trillion

According to the US Treasury Department, the country's national debt has reached a record $40.528 trillion. In the two months since crossing the $40 trillion mark, the debt has grown by more than half a trillion dollars, and over ten years it has more than doubled.

28 Oct 2026 · 08:371 min read

Business Trips to Uzbekistan Grew by 10.8%, with Afghan Citizens Leading

The National Statistics Committee reported a 10.8% increase in the number of business trips to Uzbekistan over the nine months of 2026. Citizens of Afghanistan remain the main participants in commercial exchange, accounting for more than 90% of all visits made for business purposes.

28 Oct 2026 · 00:051 min read

Consumer confidence in France falls to a 13-year low

In October, France's consumer confidence index dropped five points to 80 — its lowest level since June 2013. The reasons cited are protests, fears over unemployment and rising prices. The data was published by the national statistical institute.

27 Oct 2026 · 15:132 min read

Ahead of the US midterms: growth is up, but voters don't trust the economy

BBC describes a dilemma familiar to Trump: economic indicators are solid, but prices keep rising, and voters judge the economy by personal experience. We look at how the 2026 situation differs from Biden's and what measures the White House is discussing. BBC describes a dilemma familiar to Trump: economic indicators are steady, but prices keep rising, and voters judge the economy by personal experience. We examine how the 2026 situation differs from Biden's and what measures the White House is discussing.

27 Oct 2026 · 14:483 min read

Business confidence in Germany rose in October: the ifo index reached 90.2 points

The ifo business climate index in Germany rose to 90.2 points in October 2026 from 89.9 in September — the sixth consecutive month of growth. In manufacturing, both indicators returned to positive territory for the first time in more than three years, while analysts point to lingering risks.

27 Oct 2026 · 03:032 min read

Ukraine's Prime Minister Announced Billions in Smuggling Disguised as Humanitarian Aid

Head of the Ukrainian government Serhiy Koretsky said that smuggling through humanitarian aid schemes has reached billions in volume. Earlier, he estimated damage to businesses since the beginning of 2026 at $7.7 billion, while Daily Mail, citing Boris Johnson, wrote about a cigarette smuggling scheme depriving the budget of almost £200 million.

27 Oct 2026 · 02:592 min read

UK Budget: John Healey prepares a package of measures under strict secrecy

Chancellor of the Exchequer John Healey is preparing a Budget he will present on Wednesday at around 13:00 in the House of Commons. Preparations are taking place amid unprecedented secrecy, even though the economy is growing faster than forecast: inflation stood at 3.5% in September, while borrowing costs are higher than expected. Key decisions concern borrowing, welfare spending and fiscal rules. Chancellor of the Exchequer John Healey is preparing a budget that he will present on Wednesday at around 13:00 in the House of Commons. The preparations are taking place amid unprecedented secrecy, even though the economy is growing faster than forecast: inflation stood at 3.5% in September, while borrowing costs are higher than expected. Key decisions concern borrowing, welfare spending and fiscal rules.

26 Oct 2026 · 05:474 min read

Apollo economist: AI is not yet delivering financial returns to companies outside the tech sector

Torsten Slok, chief economist at Apollo Global Management, said that despite massive investment, artificial intelligence has not improved the profits and productivity of S&P 500 companies outside the tech sector. He is skeptical about the chances of a quick turnaround.

25 Oct 2026 · 22:092 min read

UAE and Benin sign Comprehensive Economic Partnership Agreement in Abu Dhabi

UAE President Sheikh Mohamed and President of Benin Romuald Wadagni attended the signing of the Comprehensive Economic Partnership Agreement in Abu Dhabi. After ratification, the agreement will reduce or eliminate customs duties and improve market access. Non-oil trade between the two countries reached $2.15 billion in 2025, up 65%.

25 Oct 2026 · 21:462 min read

IMF: Uzbekistan among the countries with the highest economic growth forecast for 2026

According to an infographic by the Voronoi platform based on IMF forecasts, the global economy will grow by 3.1% in 2026. Alongside Asian and African states, Uzbekistan appears in the list of countries with the highest expected GDP growth. Guyana is expected to lead with 22.3% growth driven by the expansion of its oil sector.

25 Oct 2026 · 19:502 min read

Nigerian President Tinubu officially launches re-election campaign

Nigerian President Bola Tinubu announced the start of his campaign for a second term at a rally in Kaduna State. The election will be held in January 2027. The campaign will take place against the backdrop of a cost-of-living crisis caused in part by the removal of fuel subsidies, as well as security problems.

25 Oct 2026 · 07:443 min read

Russians' inflation expectations fell sharply in October — inFO survey for the Central Bank

According to a survey by inFO commissioned by the Bank of Russia, Russians' inflation expectations fell noticeably in October: annual inflation per the Central Bank's data declined from 15.1% to 14.5%. Expectations for a year ahead are 13.2%, for five years — 12.2%. Among those with savings, expectations fell to 11.6%, among those without — to 14.6%.

Javlon Tursunov

23 Oct 2026 · 22:382 min read

Necmeddin Bilal Erdogan: Turkey's economy grew by an average of 5.5% per year over 23 years

At the Verona Eurasian Economic Forum in Istanbul, Necmeddin Bilal Erdogan stated that over 23 years of Recep Tayyip Erdogan's rule, the Turkish economy grew by an average of 5.5% per year, despite geopolitical crises. He also spoke about a multipolar world, the Mecca Pact, and Western double standards.

23 Oct 2026 · 22:112 min read

Shokhin expects the Central Bank to keep the key rate unchanged at the October 23 meeting

RSPP head Alexander Shokhin believes that the Bank of Russia will keep the key rate unchanged at its October 23 meeting, and a return to cuts is possible only next year. Analysts surveyed by Gazeta.Ru also expect the rate to remain at 14%.

23 Oct 2026 · 06:431 min read

19th Verona Eurasian Economic Forum Opens in Istanbul

The 19th Verona Eurasian Economic Forum began its work in Istanbul at the Çırağan Palace. The two-day event is attended by representatives from more than 30 countries, including Turkish Finance Minister Mehmet Şimşek and Russian Deputy Foreign Minister Alexander Grushko. The forum's theme is 'The Challenges of a Changing World and a Changing Economy'.

Javlon Tursunov

23 Oct 2026 · 05:041 min read

UK National Debt Exceeds £3 Trillion for the First Time

The United Kingdom's national debt has exceeded £3 trillion ($4 trillion) for the first time, Reuters reports citing data for September. The budget deficit reached £97.8 billion — £6 billion more than expected, but £4.4 billion less than the 2025 level.

23 Oct 2026 · 00:381 min read

Azerbaijan bets on diversification: beyond oil — agro-industry, green energy and pharmaceuticals

Reducing dependence on oil remains a key element of Azerbaijan's economic strategy. In the Business Horizons program, Deputy Director of the Entrepreneurship Development Fund (ABDF) Yasin Jalilov named the processing of agricultural products, green energy and pharmaceuticals as promising areas. Sales of the Sumgait Chemical Industrial Park in the first half of 2025 exceeded 572 million euros, while exports of agricultural products from January to July 2026 grew by almost 23%.

Javlon Tursunov

22 Oct 2026 · 19:061 min read