Finance

Liability for violation of the procedure for ensuring the openness of the budget process established

The President of Uzbekistan Shavkat Mirziyoyev signed a law “On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan in Connection with Improving the Budget Process”.

Anti-Crisis Fund under the Ministry of Finance is abolished

From 1 January 2021, the Anti-Crisis Fund under the Ministry of Finance, created in March to mitigate the effects of the pandemic, is being abolished. The corresponding resolution was signed by the President.

Latest News

Two vehicles collide in Mirzo Ulugbek district

20/01/2021Read more

Uzbekneftegaz: Appointment to a leading position takes place

20/01/2021Read more

A meeting takes place with Ambassador of India to Uzbekistan

20/01/2021Read more

Salaries, allowances and scholarships to increase by 10% from 1 February

On 30 December, President of Uzbekistan Shavkat Mirziyoyev signed a resolution on the implementation of the law on the state budget of Uzbekistan for 2021.

Director of the Department of Budgetary Policy in Education, Science and Culture of the Ministry of Finance of Uzbekistan appointed

Adham Eshchanov has been appointed as director of the Department of budgetary policy in the fields of education, science and culture of the Ministry of Finance of the Republic of Uzbekistan.

TRUST-INSURANCE receives a license

In accordance with the order of the Agency for the development of the insurance market the Ministry of Finance of the Republic of Uzbekistan, the limited liability company "TRUST INSURANCE" issued a license of series SF №00008 from 25 December 2020 for the implementation of voluntary classes 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 and 17 General insurance industry.

EBRD and Hamkorbank help set up new production line in Samarkand

Dairy products producers will have a greater variety of packaging at their disposal following the installation of a modern production line by Midas Plastics financed by the EBRD and Hamkorbank.

SHARQ-SUG’URTA has been granted a license

TashkenIn accordance with the order of the Agency for the development of the insurance market the Ministry of Finance of the Republic of Uzbekistan, the limited liability company "SHARQ-SUG’URTA" issued license SF series No. 00007 from 25 December 2020, for the implementation of voluntary and compulsory insurance (except compulsory insurance of civil liability of vehicle owners compulsory insurance of civil liability of employers and compulsory insurance of civil liability of the carrier) in the classes 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 and 17 of the general insurance industry.

The volume of trade finance transactions of the Sberbank Group amounted to about US$55 billion

Sberbank summed up the results of work in the direction of trade finance in 2020. The total amount of trade finance and documentary transactions since the beginning of the year amounted to a record US$54.5 billion, while the volume of transactions in domestic trade grew by 70% over the year.

First Deputy Executive Director of the State Health Insurance Fund appointed

The Government of Uzbekistan with its resolution appointed the first deputy executive director of the State Health Insurance Fund.

Freedom Finance’s Data Breach Marginally Increases Risks To Strategy Of Building Commission Income

S&P Global Ratings said that Freedom Holding Corp.’s capital and earnings in the fiscal year ending 31 March 2021, should stay resilient despite a recent data breach at its main operating company in Russia, Investment Co. Freedom Finance LLC (Freedom RU; B-/Positive/B).

Currency rates from 19/01/2021

$ 1 10500.81 +0.264%
€ 1 12682.88 -0.885%
₽ 1 142.66 +0.970%
Other currencies »