Fitch Ratings has assigned AGROS HAYOT Limited Liability Company (Agros Hayot) an Insurer Financial Strength (IFS) Rating of ‘B+’. The Outlook is Stable.
In order to accelerate the introduction of modern consumer-oriented management methods, the principles of openness, transparency and the market in enterprises with state participation, increase profits by reducing costs, create greater opportunities for private capital to participate in the reform process, reduce state participation in the economy and further improve the competitive environment, Decree of the President of the Republic of Uzbekistan No. UP-6096 of October 27, 2020 “On measures to accelerate the reform of enterprises with State participation and the privatization of State assets” was adopted.
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.
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.
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.
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.
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."
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.
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.