Finance
Finance
EBRD invests over 397 million euros in 12 projects in Uzbekistan in 2018
After the adoption of the new Strategy of Uzbekistan in 2018, the EBRD signed 12 projects worth almost 400 million euros during 2018, which was …
Fitch Affirms 3 Private Uzbek Banks
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of three private Uzbek banks, Joint Stock Innovation Commercial Bank …
Government makes changes to the Single Wage Scale
The Government of Uzbekistan has made changes to the Single Wage Scale.
An Uzbek-American seminar “Features of exporting domestic products to the USA” takes place
On 10 January 2019, an Uzbek-American seminar on the theme “Features of exporting domestic products to the USA” was held …
Fitch Upgrades Kafolat to ‘BB-’; Outlook Stable
Fitch Ratings has upgraded Uzbekistan-based Kafolat Insurance Company JSC (Kafolat)’s Insurer Financial Strength (IFS) Rating to ‘BB-’from ‘B+’. The Outlook …
Uzbekistan-Based Orient Finans Bank Outlook Revised To Positive On Strengthening Capitalization; ‘B-/B’ Ratings Affirmed
S&P Global Ratings revised its outlook on Uzbekistan-based Orient Finans Bank (OFB) to positive from stable. The ‘B-’ long-term and …
Economic Crimes Department receives right to get information, constituting banking secrets
The Economic Crimes Department of the General Prosecutor’s Office of Uzbekistan received the right to obtain information, constituting banking secrets.
NBU signs loan agreement with Raiffeisenbank Germany for 300 million euros
On the eve of the state visit of the President of the Republic of Uzbekistan to the Federal Republic of …
Senate of Oliy Majlis approves sample and design of a banknote of 100,000 soums
The Senate of Oliy Majlis approved a sample and design of a banknote with a face value of 100,000 (one …
Uzbekistan BICRA Group Revised To ‘8’ On Improved Economic Risk Assessment
Following a recent review of the Banking Industry Country Risk Assessment (BICRA) for Uzbekistan, S&P Global Ratings revised its economic …