Finance

Fitch Affirms Kafolat’s IFS at ‘BB-’; Outlook Stable

Fitch Ratings has affirmed Uzbekistan-based JSC Insurance Company Kafolat’s Insurer Financial Strength (IFS) Rating at ‘BB-’. The Outlook is Stable.

Banks, when conducting banking operations on the basis of available expenses, charge a commission - Central Bank

As previously reported, from 1 October 2019, in accordance with international practice, a procedure was introduced for withdrawing funds from international payment cards through ATMs in the country exclusively in national currency - “soums”.

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Svetlana Radzivil wins license for Tokyo Olympic Games

15/10/2019Read more

New EU Central Asia strategy discussed by international experts

15/10/2019Read more

Investment potential of Uzbekistan presented in Shanghai

15/10/2019Read more

The program "Financing micro - small and medium enterprises" to be launched

The Ministry of Investment and Foreign Trade, together with the German federal government represented by the KfW Development Bank, plans to launch the financial sector program “Financing Micro, Small and Medium Enterprises (MSMEs)” in the second half of 2020.

Employees involved in attracting grants to be encouraged

The Presidential Decree “On Measures to Improve Mechanisms for Raising External Gratis Assistance and Work with Donors” has been adopted.

Senate approved the Law of the Republic of Uzbekistan “On banks and banking activities” in the new edition

Senate of Oliy Majlis of Uzbekistan approved the Law of the Republic of Uzbekistan “On banks and banking activities” in the new edition.

ADB and Uzbekistan discuss draft loan agreements for US$200 million

In order to develop the mortgage market of Uzbekistan and create a sustainable system of long-term mortgage financing based on market principles, Presidential resolution from 13 May 2019, on Additional Measures for the Development and Expansion of the Mortgage Market, was adopted lending ”, which approved the Roadmap for the development of the mortgage lending system in the Republic of Uzbekistan for 2019-2021.

The total volume of foreign currency transactions of legal entities and individuals in the domestic foreign exchange market makes up US$24.3 billion.

For 9 months of 2019, the total volume of currency transactions of legal entities and individuals in the domestic foreign exchange market made up US$24.3 billion, which is 1.3 times higher than the corresponding period of the previous year (US$18.3 billion). This was reported by the press service of the Central Bank.

The Senate approves the Law “On currency regulation” in the new edition

The Senate approved the Law of the Republic of Uzbekistan “On currency regulation” in the new edition.

A working meeting with a delegation of the US Treasury was held at the STC

A working meeting was held at the State Tax Committee with a delegation from the US Treasury consisting of Deputy Director of the Office of Technical Assistance W. Remington and tax consultant F. Fink.

STC representatives presents information on reforms and transformations in the tax sphere

On 10 October, Gaidar readings on the topic: “Tax reforms in the CIS countries: lessons and prospects” were held at the Academy of Public Administration under the President of the Republic of Uzbekistan. Such readings have already taken place in more than 35 cities of the Russian Federation and the CIS countries. Uzbekistan was no exception.

Currency rates from 15/10/2019

$ 1 9455.24 +0.232%
€ 1 10438.58 +0.817%
₽ 1 147.25 +1.029%
Other currencies »