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