By the end of 1992, 50 industrial enterprises had been sold, 12 of which were partially or fully privatized. The total value of these enterprises amounted to about 2 billion rubles. In the trade and public catering sector, over 140 enterprises were privatized during the year. At the same time, the autonomy of enterprises that retained state status was expanding. In 1992, over 1,000 trade and public catering enterprises gained legal autonomy and opened bank accounts; in the household services sector, 286 workshops and studios were established.
In 1992, M. M. Birman founded the company "Tyumenconcert". An important event in the musical life of the region was the production of the opera "Aleko", which was timed to coincide with the 100th anniversary of S. Rachmaninoff’s birth. The artistic direction of the performance was carried out by V. A. Orlov, an Honoured Artist of Russia.
At the end of the 20th century, new factories began operating: ones producing mineral wool, welding electrodes, pharmaceutical products, and polyethylene pipes. Every fifth disposable syringe was manufactured in Tyumen.