Agency for the Development of the Insurance Market under the Ministry of Finance suspended licenses of several insurance companies for violations.
In April, a citizen of B.R., having registered 443 checks in the amount of 1.8 billion soums, accumulated 18,183,656 soums of cashback. Of these, 152 checks of the AA enterprise in the amount of 1.6 billion soums, for which cashback in the amount of 16,485,000 soums was credited.
A meeting was held at the Central Bank of the Republic of Uzbekistan with the Chairman of the National Bank of Tajikistan, Kholikzoda Khokim Hikmatullo.
Last week, the World Bank’s Board of Executive Directors approved a $15 million concessional credit for Uzbekistan. It will finance a five-year project to support the Government’s efforts in restructuring and privatizing state-owned commercial banks, strengthening financial preparedness for natural disasters, establishing a development bank, and improving export and trade financing instruments for local enterprises.
According to the State Statistics Committee, in January-May 2022, the increase in prices in the consumer sector in Uzbekistan amounted to 5.5%, with an average monthly value of 1.1%. In annual terms (relative to May 2021), the increase in consumer prices reached 11.0%.
Since May 2022, a bilateral exchange of information has been established between the “UzASBO” software package of the Information Technology Center of the Ministry of Finance and the “UZCARD” information system of the unified republican processing center.
A training seminar was held at the Central Bank with the participation of Olga Kazakevich, an international expert of the World Trade Organization (WTO).
Within the framework of the 36th Plenary meeting of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) at the Central Bank of the Republic of Uzbekistan, a meeting was held between the leadership of the Central Bank and Chairman of the EAG Yury Chikhanchin.
The EBRD is promoting green technologies in Uzbekistan’s agribusiness sector by organising a financial package of up to US$6.3 million to Milk Euro Food, a Chirchik-based producer of butter and spreads. Up to US$750,000 of the loan amount will be provided by the TaiwanICDF.