In connection with the entry into force of the Law of the Republic of Uzbekistan “On Payments and Payment Systems”, a number of regulatory legal acts of the Central Bank were submitted to the Ministry of Justice for state registration in the prescribed manner.
S&P Global Ratings affirmed its ‘B/B’ long- and short-term issuer credit ratings on Uzbekistan-based Turon Bank. The outlook is stable.
On 13 March, the Ministry of Finance of the Republic of Uzbekistan held a presentation of the taxation procedure for projects financed by international financial institutions (IFIs) and foreign government financial organizations (IFO), within the framework of the new version of the Tax code.
According to amendments to the Law on the Microfinance Law, the microcredit borrower is provided with a microloan in an amount not exceeding 300 million soums.
Uzbekistan’s substantial reform programme to modernize the local insurance sector is ambitious and is unlikely to achieve its targets swiftly, Fitch Ratings says in a newly published report.
The Asian Development Bank (ADB) today announced a US$6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic.
In order to mitigate possible negative consequences for businesses related to the repayment of loans in the context of the spread of coronavirus infection, the Central Bank recommended to all commercial banks:
On the morning of 17 March, the State Tax Committee (STC) recorded 1,635 appeals. Most of all, people complain about the increase in prices for potatoes (497), flour (306) and vegetable oil (63).