Finance
Finance
Uzbekistan Considers Cashback for Home Purchases to Reduce Shadow Economy
Uzbekistan is considering the introduction of a cashback mechanism for home purchases. This topic was discussed on August 29 during an open dialogue with representatives …
SCO Countries Agree to Establish Development Bank
Member states of the Shanghai Cooperation Organization have agreed to establish a Development Bank. The decision was set out in …
Inflation in Uzbekistan Reaches 0.4% in August, 8.8% Year-on-Year
In August 2025, the consolidated Consumer Price Index (CPI) in Uzbekistan rose by 0.4% month-on-month, reaching 4.5% since December 2024 …
Winners of the Second Season of the “Initiative Budget” Receive 3.2 Trillion Sums
On 31 August, voting concluded on the portal “Open Budget” for projects of the second season of 2025 under the …
Uzbekistan’s Public Debt Exceeds US$43 Billion as of 1 July 2025
Uzbekistan’s public debt amounted to US$43.37 billion as of 1 July 2025, according to data from the Ministry of Economy …
Uzbekistan Updates “Initiative Budget”: Introduces Partnership-Based Financing for Social Projects
The President of Uzbekistan has signed a decree aimed at further improving the mechanisms of the “Initiative Budget.”
Anvarjon Gafforov Appointed Head of Uzbekistan’s National Reinsurance Company
Anvarjon Gafforov has been appointed as the head of the National Reinsurance Company (NRCS). He previously served as the CEO …
Uzbekistan’s Insurance Market Grows 46% in the First Half of 2025
In the first half of 2025, insurance companies in Uzbekistan collected premiums totaling 6.23 trillion soums, representing a 46% increase …
The volume of microfinance services in Uzbekistan nearly doubled in the first half of 2025
In the first half of 2025, the total amount of microfinance services provided by credit institutions reached 66.9 trillion soums, …
The Uzbek Soum Continues to Strengthen
As of 28 August 2025, the Uzbek soum has further strengthened against the U.S. dollar, with the American currency trading …