Finance

Impact of recent changes in global financial and commodity markets to Uzbekistan`s economy

On 9 March, a meeting of leaders and senior officials of the Ministry of Economy and Industry, the Ministry of Finance and the Central Bank of the Republic of Uzbekistan was held to discuss the impact of recent changes in global financial and commodity markets to Uzbekistan`s economy.

14 banks of Uzbekistan provide loans for the purchase of housing in the primary market

In accordance with the Decree of the President of the Republic of Uzbekistan dated 28 November 2019 No. UP-5886, citizens who wish to purchase an apartment in an apartment building in the primary market can, in the new order, contact these commercial banks to obtain mortgage loans.

Latest News

UNESCO holds virtual ministerial dialogue on COVID-19

31/03/2020Read more

National Mining Pool is being created in Uzbekistan

31/03/2020Read more

Gas well commissioned at Yujny Kemachi field

31/03/2020Read more

Rating-Agentur Expert RA confirmed at ‘BB-’ the ratings of Uzbekistan

Rating-Agentur Expert RA confirmed the sovereign government credit rating (SGC) of Uzbekistan at ‘BB-’ (Sufficient level of creditworthiness of the government) and at ‘BB-’ (Sufficient level of creditworthiness of the government) in foreign currency.

Central Bank issued permission to create a digital bank ANOR BANK

On 9 March 2020, the Banking Supervision Committee of the Central Bank of the Republic of Uzbekistan decided to issue preliminary permission to create a digital bank, ANOR BANK Joint-Stock Company in the city of Tashkent, Uzbekistan.

Uzpromstroybank signs a loan agreement to attract a credit line for US$100 million

Uzpromstroybank (Uzbek Industrial and Construction Bank) signed a loan agreement to attract a credit line of the ICBC Standard Bank PLC in the equivalent of US$100 million.

A new tax debt collection system is proposed in Uzbekistan

The State Tax Committee has developed a draft resolution "On approval of the Regulation on the procedure for transferring to the state body the compulsory execution of the decision of the tax authority on the collection of tax debt from the debtor’s property."

EBRD’s portfolio of ongoing investment projects in Uzbekistan exceeds US$1 billion

On 5 March, Minister of Investment and Foreign Trade Sardor Umurzakov met with President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti, during which the parties discussed issues of bilateral cooperation, results of joint activities in 2019, the current state of ongoing projects and prospects for expanding cooperation in 2020.

Central Bank of Uzbekistan keeps the basic rate at 16% per annum

By a decision from 5 March 2020, the Board of the Central Bank kept the basic rate at 16% per annum

Shavkat Mirziyoyev receives EBRD delegation

On 5 March, President of the Republic of Uzbekistan Shavkat Mirziyoyev received the delegation of the European Bank for Reconstruction and Development, led by the President of this financial institution, Suma Chakrabarti.

The issue of improving the position of Uzbekistan in international ratings and indices were discussed in the meetings in London

In order to communicate the results of large-scale reforms realized in the country to reputable British think tanks and compilers of international ratings and indices, Deputy minister of finance of the Republic of Uzbekistan Odilbek Isakov met in London with the leadership of the British export credit agency “UKEF”, as well as representatives of research institutions “Economist Intelligence Unit”, “Legatum” Institute, and “Henry Jackson Society”.

Currency rates from 25/03/2020

$ 1 9532.74 +0.130%
€ 1 10220.05 -3.332%
₽ 1 119.99 -7.856%
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