Finance

EBRD stimulates local production of medicines in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) is stimulating the local production of pharmaceuticals in Central Asia’s most populous country, Uzbekistan, by extending a senior loan of up to US$5 million to local producer Nika Pharm.

Vigilant bank employees helped uncover counterfeiters

Employees of one of the banks in the capital, during the evening collection and examination, revealed fake coins in the amount of 2,470 pieces with a face value of 2 Euros for a total amount of 4,940 euros. Bank employees immediately filed an application with the Tashkent City Department of Internal Affairs.

Latest News

The license of SFI Management Group for trust management of investment assets was canceled

17/01/2022Read more

ILO downgrades labour market recovery forecast for 2022

17/01/2022Read more

MFAs of Uzbekistan, Turkmenistan hold another round of political consultations

17/01/2022Read more

Uzbekistan boosts economic and social reforms with additional World Bank support

The World Bank’s Board of Executive Directors approved a US$400 million Development Policy Operation (DPO) loan to support the Government of Uzbekistan’s implementation of important economic and social reforms that will accelerate the country’s transition to an inclusive and competitive market economy.

KfW to provide a loan of 30 million euros to Uzbekistan

The German Development Bank (KfW) will provide Uzbekistan with a loan in the amount of about 30 million euros for the implementation of a project on financial support for small and medium-sized businesses.

Central Bank of Uzbekistan to issue new banknotes in denominations of 50,000 soums and 100,000 soums

The Central Bank of Uzbekistan will issue banknotes worth 50,000 soums and 100,000 soums. The new banknotes will be issued into circulation from 22 December 2021.

Amendments and additions are made to the Tax Code

At the twenty-second plenary meeting of the Senate of the Oliy Majlis of the Republic of Uzbekistan, the Law "On Amendments and Additions to the Tax Code of the Republic of Uzbekistan" was discussed.

Law on state budget for 2022 approved by Senate

At the twenty-second plenary meeting of the Senate of the Oliy Majlis, the Law "On the State Budget of the Republic of Uzbekistan for 2022" was discussed.

State budget revenues makes up 116 trillion soums, the established forecast was exceeded by 8.4%

At the twenty-second plenary meeting of the Senate of the Oliy Majlis, the report of the Cabinet of Ministers on the execution of the State budget of the Republic of Uzbekistan for nine months of 2021 was heard.

ADB approves US$162 million loan to modernize railway and boost tourism in western Uzbekistan

The Asian Development Bank (ADB) has approved a US$162 million loan that will electrify 465 kilometers of railway line connecting major urban centers in western Uzbekistan, improving railway services and boosting trade and tourism in the region.

Ministry of Finance hosted a meeting with the representatives of EY

On 10 December, the Ministry of Finance hosted a meeting with the representatives of EY audit and consulting company.

Currency rates from 18/01/2022

$ 1 10824.97 -0.138%
€ 1 12366.45 -0.435%
₽ 1 141.58 -0.632%
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