Finance

Average level of consumer prices and tariffs in Uzbekistan increases by 1.5% in November

In November 2020, the average level of consumer prices and tariffs in Uzbekistan increased by 1.5%, the State Statistics Committee of Uzbekistan said.

Fitch Affirms Kafolat’s IFS at ‘BB-’

Fitch Ratings has affirmed Uzbekistan-based Kafolat Insurance Company JSC’s Insurer Financial Strength (IFS) Rating at ‘BB-’. The Outlook is Stable.

Latest News

Abdulla Aripov receives the Minister of Industry and Trade of Russia

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What opportunities does GSP + provide for the textile industry of Uzbekistan?

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Adham Ikramov elected as President of the WCC-APR for 2021-2024

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Symbiotics provides a loan for US$12m to Ipak Yuli Bank

The Swiss investment company Symbiotics signed a loan agreement with Ipak Yuli Bank on the allocation of a credit line for about US$12 million in national currency equivalent.

Uzbekistan makes the first to translate the text of International Financial Reporting Standards

In accordance with the resolution of the President of the Republic of Uzbekistan from 24 February 2020 No. PP-4611, in order to introduce international financial reporting standards (IFRS) on the territory of the Republic of Uzbekistan, the Ministry of Finance translated into the state language the terms used in the text of IFRS documents, and studied by an expert commission. The use of terms in the translation of IFRS documents into the state language is of no small importance.

Medical insurance fund is being created in Uzbekistan

From 1 December 2020, according to the resolution of the President of 12 November 2020, the State Health Insurance Fund will be formed in Uzbekistan.

Banks of Uzbekistan issues 24.48 million plastic cards

The number of bank plastic cards in circulation as of 1 November 2020 is more than 24.48 million units. This was reported by the press service of the Central Bank of Uzbekistan.

Over 9,000 entrepreneurs in Central Asia completes the EBRD development programs

The European Bank for Reconstruction and Development has begun to respond to the crisis associated with the COVID-19 pandemic since the beginning of this year. In an accelerated fashion, existing tools have been adapted and expanded and new initiatives developed to address the immediate threat posed by the virus.

Banks allowed to identify customers by driver’s license

By the decision of the Central Bank of Uzbekistan, individuals are allowed to use a new driver’s license and passports without registration stamps when identifying in banks.

ADB provides a loan for the implementation of the Sustainable Solid Waste Management project

The Government of Uzbekistan identified measures to implement the project "Sustainable Solid Waste Management". The Asian Development Bank (ADB) has allocated a loan of US$60 million.

Uzpromstroybank takes part in the international investment conference "Uzbekistan Investor Day"

On 24 November 2020, an international online investment conference “Uzbekistan Investor Day” was held, organized by the Capital Market Development Agency together with the international investment bank Wood & Co.

Currency rates from 01/12/2020

$ 1 10427.38 +0.120%
€ 1 12473.23 +1.041%
₽ 1 137.48 +0.578%
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