Finance
Finance
Central Bank: how to counteract corruption and the shadow economy
Today, the Central Bank hosted a seminar on combating corruption and the shadow economy, as well as its prevention, with the participation of representatives of …
The Ministry of Finance to direct part of the funds from the new eurobonds to the development of family entrepreneurship
The Ministry of Finance of Uzbekistan will allocate 1 trillion soums, attracted through the placement of Eurobonds, to three banks …
Fitch Assigns Ipoteka-Bank’s Debut Eurobonds Final ‘BB-’ Rating
Fitch Ratings has assigned Ipoteka-Bank’s US$300 million 5.5% debut Eurobond placement due in 2025 a final rating of ‘BB-’. The …
PSB provides loan for US$299m to NGMK
Promsvyazbank provided one of the world’s largest gold producers to the Navoi Mining and Metallurgical Plant (NGMK) with a revolving …
Central bank launches an instant payment system
In order to create wide opportunities for legal entities and individual entrepreneurs, in February this year, the Central Bank launched …
State Tax Committee launches a system for registration of electronic contracts
The State Tax Committee of Uzbekistan (STC) has launched a system for registering electronic contracts. This was reported by the …
International cooperation in the field of accounting and auditing considered
On 19 November 2020, the XVII meeting of the Coordinating Council on Accounting of the Member States of the Commonwealth …
VEB.RF announces expansion of cooperation in financing projects in the oil and gas industry of Uzbekistan
VEB.RF, in a consortium with Russian partner banks, is ready to work out financing of the second stage of the …
Visa Expands Fast Track Program to Enable Next Generation of Fintechs to Rebuild the Global Economy
The COVID-19 pandemic has created major financial challenges for businesses and consumers alike. As money management becomes increasingly digital, fintechs …
The Ministry of Finance places eurobonds for US$555 million and 2 trillion soums
The Ministry of Finance of Uzbekistan has placed two tranches of international bonds (eurobonds) in the amount of US$555 million …