In Uzbekistan, heating and hot water tariffs for the population are planned to be increased from November 1, 2026, according to a draft government resolution put up for discussion by the Ministry of Construction and Housing and Communal Services. In Tashkent, Veolia Energy Tashkent tariffs are proposed to rise by 30%: heat energy to 203,636 soums per Gcal, heating to 314 soums per day per square meter, and metered hot water to 11,607 soums per cubic meter. The draft also revises tariffs for heat supply enterprises in Karakalpakstan and all regions.
In November 2026, it is planned to allocate one-time material assistance of 1 million soums to needy families. It is also proposed to expand the criteria for receiving compensation for electricity and natural gas, and to increase the base consumption norm of electricity in certain regions. This is stated in the draft presidential decree placed for public discussion . According to the draft, assistance will be provided not only to families included in the Social Register, but also to families wh
Uzbekistan has 21 million 255 thousand hectares of pastures, but only 40 percent are used effectively. Khokims must restore 620 thousand hectares this year and 3.7 million hectares next year. Projects in Navoi and Kashkadarya regions, funding from lease revenues, 448 new wells, 323 irrigation facilities, and free 49-year leases of public pastures are planned.
According to the draft, during the 2026/2027 heating season, including November of the current year, a one-time financial assistance of 1 million soums will be allocated to families in need, with funds transferred to citizens' social or bank cards by November 30, 2026. Assistance will go to families in the Social Registry, as well as families meeting income criteria (not exceeding twice the MCE per capita) based on 'mahalla seven' conclusions, families with single elderly and disabled persons, and families with orphaned children. In non-gasified areas, the basic electricity norm will be raised from 200 kWh to 350 kWh. For residents of multi-story buildings with centralized heating, the income criterion is set at twice the MCE in Karakalpakstan and the regions, and three times in Tashkent. Additional lists will prioritize families who lost a breadwinner, families with disabled members, and families caring for disabled children, not exceeding 50 percent of Registry families per district. Compensation periods for electricity and gas will be extended until April 1, 2028, and coal assistance until January 1, 2029. New centralized heating and hot water tariffs are expected from November 1, 2026, with tariffs gradually reaching cost level by 2030, alongside measures to cut thermal energy costs by up to 15 percent and implement 'Billing' software by the end of 2026.
Higher profits at four of the biggest US banks offered fresh signs of economic resilience , as consumers continued repaying their debts and businesses kept investing heavily in AI. But even as JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs reported higher profits than a year ago, they warned about the long-term impact of higher interest rates and the pressure rising prices could put on consumers if inflation is not brought under control. JPMorgan Chase, the largest US bank by assets,
The Competition Committee identified violations related to restriction of competition in public procurement worth nearly 10 billion soums across several regions, including Andijan, Fergana, Jizzakh, Namangan, Navoi and Samarkand. Special commissions initiated proceedings against the procuring organizations, instructions were issued to eliminate the violations, and in some cases materials were sent to the relevant authorities for financial penalties and legal assessment.
Greek Finance Minister and Eurogroup President Kyriakos Pierrakakis has announced a 30% increase in the heating allowance. He said: "In a difficult economic climate, with the energy crisis testing the resilience of households across the globe, our priority is to ease the pressure on families. That is why we are proceeding with dual support for heating oil: a direct subsidy at the pump, which will immediately reduce the price, and a 30% increase in the heating allowance compared with last year,
The Tax Committee has put up for public discussion a draft Cabinet of Ministers resolution on digital labeling of vegetable oil. If adopted, mandatory labeling may come into force on July 1, 2027. The requirements will apply to oils under HS codes 1507–1515, including soybean, peanut, olive, palm, sunflower, safflower, cottonseed, coconut and rapeseed oils. Labeling will be done via barcoded stickers on consumer packaging, with producers and traders required to connect to the Asl Belgisi national system operated by CRPT Turon. Selling unlabeled oil will be considered a violation of trade rules. Public discussion runs until October 24.
«Telecom Soft» LLC held an electronic selection for the purchase of video surveillance equipment for automated traffic control systems with an initial price of 10 billion 316 million soums. The Chinese company «HAC Smart Technologies» won with a bid of $657,000 (7.76 billion soums), while «HMN Smart» was recorded as the reserve winner with $698,000 (8.24 billion soums). The «Revizor» channel noted that both companies have their head offices at the same address in Tianjin, China, and their websites are nearly identical, yet the commission found no conflicts of interest. «Telecom Soft» was registered in September 2023 and is majority-owned by «Uzbektelecom» (82.54%).
In Uzbekistan, competition rule violations in government procurement worth about 10 billion soums were identified. The Committee for the Development of Competition and Protection of Consumer Rights found violations in seven organizations across the Andijan, Fergana, Jizzakh, Namangan, Navoi and Samarkand regions, including district road and medical institutions, a boarding school for children with hearing impairments, and forestry. During tenders, the requirements of Article 29 of the Law 'On Competition' were not observed. Cases were opened, mandatory orders issued, and in some cases materials were sent to relevant authorities for possible fines and legal assessment.
The director of the State Assets Management Agency, Sohibjon Murodov, had denied at an October 8 press conference that «Oʻzbekiston pochtasi» was transferred to Wildberries' trust management. However, a corporate document published on October 11 — an excerpt from the minutes of the shareholders' extraordinary general meeting of September 21, 2026 — mentions a trust management agreement dated December 30, 2025, under which WB INT EXPORT LLC, Wildberries' Uzbek branch, acts as trustee of the state's shareholding and holds all shareholder rights. It had also demanded the election of a new supervisory board including its five proposed candidates.
The licenses previously granted to Saneg for the use of oil fields in Uzbekistan have been revoked because the license conditions were not fulfilled and the fields were not put into operation, said State Assets Management Agency director Sohibjon Murodov. He explained that the fields themselves were not privatized — only subsoil-use licenses were granted — and noted that the right to issue hydrocarbon licenses has been moved to auctions since 2023–2024. Saneg's website says the company holds rights to 103 oil and gas fields. The transfer of over 100 fields from Uzbekneftegaz to Jizzakh Petroleum (Saneg) in 2019 was linked to a $2.68 billion project to boost oil production, but production fell short of targets, and the transfer became an episode in a criminal case against former Uzbekneftegaz chief Bakhodirjon Sidikov, who denies the charges.
The State Labor Inspectorate conducted 145 monitoring operations during the cotton harvest season and identified 132 violations of labor legislation, including forced labor, poor working conditions, untimely payments, and missing labor contracts. Fines totaling 172.8 million soums were imposed, and pickers were paid 8.87 billion soums owed to them. Monitoring will continue.
Reports on social media claimed that Chevrolet Damas, Cobalt, Tracker and Onix cars were being sold with no down payment on installment terms. UzAuto Motors' press service denied these reports, stating that no such sales plan exists for any model. The company asked the public and social media users not to spread unverified and misleading false information. Earlier, from October 7, UzAuto Motors began selling the Cobalt and Damas on installments without bank participation, with down payments of 50% and 30% respectively, noting that the number of cars was limited.
Ukraine plans to repay its debts to international financial institutions by 2061. TASS, calculating based on data from Ukraine's Ministry of Finance, reported that the country's total payments to the IMF and the World Bank will amount to about $128.86 billion. Ukraine's state debt has grown significantly, and the 2027 budget deficit is estimated at about $96 billion, or 37% of GDP.
In September 2026, the committee held its 8th meeting, reviewing 37 issues and adopting relevant decisions. Of these, 21 concerned registration and licensing, including registration of amendments to the charters of credit institutions, recording microfinance organizations in the register, accreditation, and issuing a license to a payment organization. Permissions to acquire shares in the charter funds of credit institutions and candidates for members of banks' supervisory boards and management, as well as key personnel, were also considered. Another 16 issues concerned the financial condition of credit and payment organizations, including compliance with Central Bank directives and prudential ratios, and the results of inspections at banks and non-bank credit organizations. Issues of testing within the financial services 'regulatory sandbox' were also reviewed. The names of the fined banks and the fine amounts were not disclosed.
