Finance
Finance
President of Uzbekistan signs law regulating foreign exchange operations and activities of factoring organizations
President of the Republic of Uzbekistan Shavkat Mirziyoyev has signed a law introducing amendments and additions to a number of legislative acts.
Strategic reforms and ADB support: New lending program discussed in Tashkent
A meeting was held at the Agency for Strategic Reforms with representatives of the Asian Development Bank (ADB) mission to …
Soum recovers some losses, but external risks remain significant
The Uzbek soum has moderately recovered against the US dollar. However, it is worth noting that the correlation with the …
Uzbekistan and KfW sign agreements for €26.5 million to support MSMEs
The Ministry of Economy and Finance of Uzbekistan and the German Development Bank (KfW) have signed a new package of …
Fitch Ratings positively evaluates transfer of shares of three state banks to Franklin Templeton Management
Fitch Ratings has welcomed the transfer of shares in the Business Development Bank, Microcreditbank, and People’s Bank to the National …
Uzbekistan's banks allowed to directly sell unsold assets at market price
Starting from 1 May 2025, banks that are more than 50% state-owned, as well as investment companies affiliated with them, …
EBRD to provide €20 million to Uzbek cable manufacturer
The European Bank for Reconstruction and Development (EBRD) will provide a loan of up to €20 million to the joint …
Alif issues first sukuk of US$5 million as part of US$50 million program
Alif has successfully issued a sukuk worth US$5 million. This was announced by the company’s CEO, Nuriddin Lafizov, on his …
The Central Bank of Uzbekistan registers four more microfinance organizations
The Central Bank of Uzbekistan has added four more companies to the registry of microfinance organizations. This decision was made …
EBRD provides loan to UzCarlsberg for working capital
The European Bank for Reconstruction and Development (EBRD) has provided UzCarlsberg, a subsidiary of Carlsberg Group, with a loan of …