During the period of 1-5 October, 2007 the delegation from Uzbekistan consisting of the representatives of the President’s office, General Prosecutor’s office, Ministry of Finance, State Tax Committee, Central Bank and UNDP, has undertaken a study-tour to France in order to learn French experience in combating money laundering.
UNDP is implementing a number of various projects in which use of Information and Communication Technologies and innovative approaches is considered to be an important prerequisite for country’s development. “Improving Tax Administration in Uzbekistan” is one of such projects. It is focused on introduction of the modern information technologies into the work of tax departments. In order to increase considerably the effectiveness and output of tax information collection and processing, it is important to equip tax bodies with up-to-date ICT.
On 2 October the senior management of UzbekInvest Hayot (life insurance) Subsidiary Company met with the Account Executive of the Munich Re Life Reinsurance Eastern Europe/Central Asia (Munich Re Life E.E.C.A.) Pavel Krasnov.
Central Bank of Uzbekistan replaced the license of Bank Credit-Standard in connection with reorganization of Bank Credit-Standard from private joint stock commercial bank to open joint commercial bank.
Central Bank of Uzbekistan issued licenses to two companies in Tashkent to carry out activities of pawnshops.
Central Bank of Uzbekistan issued a license to Sabr to carry out activity of micro credit organization.
Fitch Ratings has today assigned Uzbekistan-based Pakhta Bank (PB) ratings of Long-term Issuer Default (IDR) ’B-’ (B minus) with Stable Outlook, Short-term IDR ’B’, Individual ’D/E’, Support ’5’ and Support Rating Floor ’B-’ (B minus).
The management of Uzbekinvest national export-import insurance company met with the Director of International Business Department of NCS Pte Ltd of Singapore (insurance, healthcare) Lau Ting Sek on 24 September.
Kapitalbank joint-stock commercial bank is one of the most dynamically developing banks in Uzbekistan, demonstrating stable growth of assets and capital.