Finance
Finance
Uzbekistan Senate Approves Joining New Development Bank
Uzbekistan’s Senate has approved accession to the New Development Bank, enabling expanded access to financing for infrastructure and sustainable development projects.
Ipoteka Bank CEO to Step Down on 1 July
Sandro Rtveladze will leave his position as chairman of Ipoteka Bank OTP Group on July 1 after leading a major …
EDB Invests US$70 Million in Uzum Fintech
The Eurasian Development Bank has provided a US$70 million loan to Uzbekistan’s Uzum ecosystem to expand fintech infrastructure and digital …
Hamkorbank Appoints New Acting Chairman of Management Board
Hamkorbank has appointed Rafal Juszczak as acting chairman of the management board, replacing long-serving chief Bakhtiyorjon Zhurayev in a leadership …
EDB Proposes Eurasian Transport Network Framework
Eurasian Development Bank proposes a transport “framework” aimed at boosting Eurasian transit capacity by up to 40% through interconnected trade …
Business Proposes Separate VAT Threshold for Marketplaces in Uzbekistan
Uzbekistan’s Foreign Investors Council discussed raising the VAT threshold for marketplace sellers from 1 to 5 billion soums to address …
Uzbekistan Senate Approves New VAT Rules for E-Commerce
Uzbekistan’s Senate has approved amendments introducing VAT obligations for foreign e-commerce firms and tightening regulation of digital trade.
Eurasian Development Bank Opens Office in Uzbekistan
The Eurasian Development Bank opened a representative office in Uzbekistan and plans to invest up to US$1.5 billion in the …
Uzbekistan Considered for New Development Bank Membership
Russia’s Finance Minister said Uzbekistan is among countries considered for membership in the New Development Bank alongside Colombia and Ethiopia.
Tashkent to host 5th CIS Islamic banking & finance forum
AlHuda Centre of Islamic Banking and Economics (CIBE), a globally recognized Advisory, Consultancy, and Capacity-Building Organization in Islamic finance, has …