Uzbekistan received US$16.9 billion in remittances in 2022, Chairman of the Central Bank of Uzbekistan Mamarizo Nurmuratov said at a press conference on 26 January.
Moody’s Investors Service ("Moody’s") today took rating actions on 7 Uzbek banks. These follow the upgrade of Uzbekistan’s sovereign rating to Ba3 (stable outlook) from B1 (positive outlook), and raising of the country’s local and foreign currency ceilings to Ba1 and Ba3 from Ba2 and B1, respectively, on 20 January 2023.
In 2022 the European Bank for Reconstruction and Development (EBRD) invested almost US$900 million (€839 million) in 26 projects in Uzbekistan, making it the leading recipient of its funding in Central Asia for the third year running. Investments were made in sectors ranging from renewable energy to banking.
At a meeting on 26 January 2023, the Board of Governors of the Central Bank of Uzbekistan kept the policy rate unchanged, at 15 percent per annum
In January-December 2022, 269.9 trillion soums of investments in fixed assets were disbursed and, compared to 2021, this amounted to 100.9%.
IPMI experts analyzed the level of competition in the banking system of Uzbekistan.
Kirill Mayevsky, who previously served as a member of the Bank’s Supervisory Board, has been appointed as the new Chairman of the Board of Kapitalbank.
In 2022, 72,348 legal entities operating in the manufacturing sector paid 39 trillion soums in taxes. Of these, slightly less than half (17.5 trillion soums) falls on 20 taxpayers. The taxes they paid make up 1/6 of their trade turnover (101.3 trillion soums), and the amount of tax benefits they applied is 2.6 trillion soums, the Tax Service said.
A meeting was held between the management of the Central Bank of the Republic of Uzbekistan and the experts of the World Bank within the framework of World Bank’s technical mission on the introduction of а bank resolution mechanism and the improvement of the deposits guarantee system.
A meeting was held at the Central Bank with representatives of the Bank of Korea, a research group of the Korea Institute for the Development of International Cooperation as part of a cooperation program on mutual knowledge exchange, the Central Bank reports.