Finance
Finance
“Po’ytakht Bank” to Increase Charter Capital to 500 Billion Soums
JSC Po’ytakht Bank plans to increase its charter capital from 100 billion to 500 billion soums.
Abror Turgunov Appointed as Acting Chairman of the Board of “Po’ytakht Bank”
A new head has been appointed at Po’ytakht Bank, according to the bank’s announcement on the Unified Corporate Information Portal.
AIIB Allocates US$173.4 Million for Reconstruction of Local Roads in Karakalpakstan and Khorezm Region
The Asian Infrastructure Investment Bank (AIIB) has approved financing of US$173.4 million for a project to reconstruct the network of …
Uzbekistan Considers Cashback for Home Purchases to Reduce Shadow Economy
Uzbekistan is considering the introduction of a cashback mechanism for home purchases. This topic was discussed on August 29 during …
SCO Countries Agree to Establish Development Bank
Member states of the Shanghai Cooperation Organization have agreed to establish a Development Bank. The decision was set out in …
Inflation in Uzbekistan Reaches 0.4% in August, 8.8% Year-on-Year
In August 2025, the consolidated Consumer Price Index (CPI) in Uzbekistan rose by 0.4% month-on-month, reaching 4.5% since December 2024 …
Winners of the Second Season of the “Initiative Budget” Receive 3.2 Trillion Sums
On 31 August, voting concluded on the portal “Open Budget” for projects of the second season of 2025 under the …
Uzbekistan’s Public Debt Exceeds US$43 Billion as of 1 July 2025
Uzbekistan’s public debt amounted to US$43.37 billion as of 1 July 2025, according to data from the Ministry of Economy …
Uzbekistan Updates “Initiative Budget”: Introduces Partnership-Based Financing for Social Projects
The President of Uzbekistan has signed a decree aimed at further improving the mechanisms of the “Initiative Budget.”
Anvarjon Gafforov Appointed Head of Uzbekistan’s National Reinsurance Company
Anvarjon Gafforov has been appointed as the head of the National Reinsurance Company (NRCS). He previously served as the CEO …