Finance
Finance
Moody’s Ratings upgrades Uzbekinvest’s local currency IFSR to Ba2 from Ba3; stable Outlook
Moody’s Ratings (Moody’s) has upgraded the local currency (LC) Insurance Financial Strength Rating (IFSR) of Uzbekinvest a.s. (Uzbekinvest) to Ba2 from Ba3 and its Baseline …
UzCard and Elkart to integrate systems in two phases
The national payment system of Kyrgyzstan, "Elkart," is preparing for integration with Uzbekistan's payment system UzCard. This was reported by …
PLAS Forum Retail Central Asia-2024 kicks off in Tashkent
On 20 November 2024, the two-day International PLAS Forum Retail Central Asia, the largest event in the field of trade …
ADB approves US$250 million loan to support Uzbekistan’s green, inclusive, and resilient economic growth
The Asian Development Bank (ADB) has approved a US$250 million policy-based loan to support the Government of Uzbekistan’s efforts to …
TBC Uzbekistan makes major investment in core infrastructure with launch of own processing centre
TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, unveils its own payments processing centre. Building out this essential …
High-rating entrepreneurs to be rewarded with new stimulus measures
President of Uzbekistan Shavkat Mirziyoyev has signed a law amending the country’s Tax Code.
EBRD may allocate up to US$200 million to support Uzbekistan’s "green" growth
The European Bank for Reconstruction and Development (EBRD) may allocate up to US$200 million to Uzbekistan to support the country’s …
Uzbekistan signs memorandum of understanding with Croatia in deposit guarantee sector
Representatives of the Deposit Guarantee Fund of Uzbekistan participated in the annual conference of the International Association of Deposit Insurers …
Kaspi.kz exits the privatization process of Humo
The Kazakhstani company Kaspi.kz has announced its exit from the process of privatizing the National Interbank Processing Center Humo. This …
Soum: Stability as a sign of economic resilience
As of 15 November, the Uzbek soum remains remarkably stable against the US dollar, with the exchange rate consolidating around …