Monday, 12, October, 2026

Business

The Ministry of Investment, Industry and Trade and Russia's Wildberries signed an investment agreement on Oct. 6 to build a Class A logistics complex in the country, the ministry's press service told TASS.

Pakistan's WaterCon company plans to establish a 500-hectare olive plantation in Yangiobod district, Jizzakh province. The project envisages growing olives, processing them and exporting the finished products under the Made in Uzbekistan brand.

Five of the nine seats on the supervisory board of Uzbekistan's national postal operator, O'zbekiston pochtasi (UzPost), have gone to people linked to the Russian e-commerce group Wildberries & Russ (RWB), even as the state asset manager says the company has not been privatized.

Uzbekistan's state-owned banks must move away from traditional collateral-based lending and start assessing the actual cash flow of businesses, President Shavkat Mirziyoyev said today at a meeting in Andijan.

Affiliate marketing has changed significantly over the past few years. What was once mostly associated with referral links, discount codes, and product recommendations has grown into a much broader performance-based industry. Today, affiliate marketing brings together advertisers, publishers, media buyers, content creators, influencers, agencies, and technology companies that help businesses reach new customers.

President Shavkat Mirziyoyev, who is visiting Karakalpakstan, on Friday took part in project commissioning and a launching ceremony for new projects, his press service said.

President Shavkat Mirziyoyev and South Korean Prime Minister Han Duck-soo opened a joint business forum, drawing more than 300 government officials and business executives, including leaders from top financial institutions, industrial giants, and trading companies.

The Justice Ministry announced that a national business census will take place from October 15 to November 30, 2026.

President Shavkat Mirziyoyev chaired a government meeting on Friday to discuss Tashkent city's development, investment, employment, and infrastructure in neighborhoods.

President Shavkat Mirziyoyev and Serbian President Aleksandar Vučić have convened a high-level joint business forum to chart a new course for bilateral economic relations.

Uzbekistan is set to ease penalties for businesses that violate digital labeling regulations, following a presidential decree aimed at implementing outcomes from the sixth dialogue with business leaders.

Businesses in Uzbekistan will soon be able to obtain collateral-free loans of up to 5 billion soums. At today’s government meeting on advancing poverty reduction and income growth efforts, President Shavkat Mirziyoyev sharply criticized the project-management skills of neighborhood-level bankers and assistants to local mayors.

Solward is pleased to announce that Muborak Kambarova has joined the firm as a Partner. Her appointment marks an important step in the firm’s development as one of Central Asia’s leading legal advisers and further strengthens its capabilities in banking & finance, capital markets and corporate matters.

Uzbekistan has scrapped a number of customs requirements starting September 1, 2026, as part of an effort to create a more business-friendly environment for businesses.

The European Union continues to grant duty-free access for more than 6,000 categories of Uzbek goods, Umidjon Azamkhojaev, director general of Uzbekexpertiza said.

Uzbekistan has increased the ceiling on cash payments for goods and services and, for the first time, tied that threshold to an inflation-adjusted benchmark rather than a fixed sum — a change officials say responds directly to concerns raised by business leaders frustrated by a payment system deployed earlier this year as part of a broader campaign against the shadow economy.

President Shavkat Mirziyoyev has signed a decree overhauling the way state agencies inspect and penalize small businesses, responding to nearly 14,000 complaints entrepreneurs raised during his sixth open dialogue with the business community.

Centrum Holding, Uzbekistan's largest private logistics group, plans to launch an initial public offering (IPO) in the first quarter of 2027. Founder and CEO Abdulaziz Abdurakhmanov made the announcement in an interview with the television channel Uzbekistan 24 following a state awards ceremony.

Attracting international capital into Uzbekistan's energy sector will require further liberalization of electricity prices, full-scale implementation of RAB-based regulation, and a clearer legislative framework, according to Marius Dan, Central Asia CEO of Templeton Global Investments. He made the remarks on August 24 at the Silk Road Finance & Technology Forum in Tashkent.

Azerbaijani companies are preparing to invest in the development of gold and other ore deposits, geological exploration, silver ore processing, and rare earth metal extraction in Uzbekistan. The projects are part of a broader package of agreements signed with the Azerbaijani side, the press service of the Ministry of Investments, Industry and Trade reported.