Finance

ISHONCH PLYUS HAMKOR MIKROKREDIT TASHKILOTI receives a license

According to the Decree of the Board of the Central Bank 9/2 dated 1 May 2021, the limited liability company ISHONCH PLYUS HAMKOR MIKROKREDIT TASHKILOTI was issued a license to carry out the activities of a microcredit organization. This was reported by the press service of the Central Bank.

Uzbek Finance Minister holds online meeting with EBRD officials

On 6 May, the Minister of Finance of the Republic of Uzbekistan Timur Ishmetov held a meeting with representatives of the European Bank for Reconstruction and Development in the format of a video conference.

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Uzpromstroybank becomes the winner of the international competition "SAP QUALITY AWARD-2021"

Uzpromstroybank’s project "Development and implementation of a budgeting system" in the "SAP Quality Awards" competition, held among the CIS countries, was recognized as the winner in the "Digital Evolution" nomination.

State Tax Committee proposes to introduce mandatory declaration of income and assets of tax officials

The State Tax Committee of Uzbekistan has developed a draft regulatory legal act providing for the establishment of a mandatory requirement for the annual submission of income and asset declarations by tax officials.

Uzbekistan is dramatically changing the system of payment of pensions

The process of assigning state pensions is being simplified and the system for delivering pensions and benefits will be improved. This is stipulated by the presidential decree "On measures to further simplify the process of assigning state pensions and improve the system for delivering pensions and benefits to citizens."

The supervisory system of the Central Bank to be improved with the help of SupTech

As part of comprehensive financial sector reforms, the Central Bank of the Republic of Uzbekistan, with technical assistance from World Bank experts, initiated a multi-stage transformation program to expand its supervisory capabilities using innovative technologies and SupTech solutions.

Foreign IT companies paid 4.3 billion soums to the state budget of Uzbekistan

In the first quarter of 2021, foreign companies providing electronic services paid 4.3 billion soums to the state budget of Uzbekistan as value added tax (VAT). This was reported by the State Tax Committee.

JP Morgan Development Finance Institution reflected Uzbekistan’s local currency Eurobond transaction in its 2020 annual report

On 27 April, the JP Morgan Development Finance Institution (JP Morgan DFI) published its 2020 annual report. This report also specifies the first issuance of local currency denominated Eurobonds of the Republic of Uzbekistan, which was issued on 19 November 2020 with "Development Finance Qualification". According to the assessment, it is marked as an international transaction with a "high level" of influence on development.

Goods and services in the consumer market of Uzbekistan increases by 1.5%,

In April 2021, goods and services in the consumer market of Uzbekistan increased on average by 1.5%, the State Statistics Committee of Uzbekistan said.

Collected insurance premiums in 2020 reaches 2.34 trillion. soums

The collected insurance premiums by insurance companies of Uzbekistan in 2020 amounted to 2.34 trillion. soums. This was reported by the State Statistics Committee of Uzbekistan.

Currency rates from 10/06/2021

$ 1 10571.40 +0.156%
€ 1 12887.59 +0.296%
₽ 1 146.43 +0.805%
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