Finance
Finance
Remittances to Uzbekistan increased by 32% to US$3.3 billion in Q1 2025
In the first quarter of 2025, the volume of money transfers to Uzbekistan reached US$3.3 billion. This represents a 32% increase compared to the same …
The Central Bank of Uzbekistan fined six banks, three pawnshops, and two microfinance organizations
In April 2025, the Banking Supervision Committee under the Central Bank held eight sessions, during which 45 issues were reviewed …
EDB developed a macroeconomic model to forecast Uzbekistan’s economy
The Eurasian Development Bank (EDB) has presented a newly developed macroeconomic model designed to analyze current conditions and forecast future …
Sergey Gimadiev appointed as Chairman of the Board at Apex Bank
Sergey Gimadiev has been appointed Chairman of the Board of Apex Bank. The announcement was published on the Unified Corporate …
EBRD and EU expand funding support for MSMEs in Central Asia and Mongolia
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are increasing access to financing for micro, …
Fitch: Banking reform in Uzbekistan is progressing, but sector risks remain high
Since its inception in 2020, the banking reform in Uzbekistan has made significant progress, according to the rating agency Fitch …
Sharp decline of the Uzbek soum: External factors exert pressure
As of 15 May 2025, the U.S. dollar is trading at 12,983 Uzbek soums. This marks a sharp weekly depreciation …
EBRD provides Davr Bank with US$15 million to support private business in Uzbekistan
The European Bank for Reconstruction and Development (EBRD) continues to support the development of the private sector in Uzbekistan by …
EBRD allocates US$25 million to support youth entrepreneurship in Uzbekistan
Young entrepreneurs in Uzbekistan will gain new opportunities for growth through a US$25 million (EUR 21.9 million) credit line provided …
Strategic Reforms Agency refutes rumors of pension system privatization
The Strategic Reforms Agency has addressed public discussions circulating on social media regarding proposals for pension system reform.