Uzbek banks have been exempted from the customs payments on the plastic cards, payment terminals, software, automated teller machines, information self-service kiosks, and other equipment and materials used in servicing of payments made by means of plastic cards, imported by commercial banks and the Common General Republican Processing Centre.
On 19 September, the Legislative Chamber of Oliy Majlis of the Republic of Uzbekistan held a meeting on the legal framework for and the conception of documents on integration of the mandatory insurance of auto-civil liability (MIACL) of the vehicle owners into practice in Uzbekistan.
A roundtable meeting on "Improvement of the institutional system for export promotion: possibilities and prospects of establishing Eximbank in Uzbekistan" was held on 19 September at Grand Orzu Hotel in Tashkent.
The National Bank of Uzbekistan for Foreign Economic Activity (NBU) and the Russian Bank for Development and Foreign Economic Activity signed an agreement on long-term economic cooperation and strategic partnership.
UNDP’s project “Public Finance Reform in Uzbekistan” has been continuously supporting the initiatives, focused on promotion of interests and protection of rights of businessmen, auditors and accountants, as well as making substantial contribution to the market reforms development in Uzbekistan by actively participating in this process and assisting the development of tax counseling in Uzbekistan.
During Fiscal Year 2007, the World Bank Group committed some US$6 billion in loans, credits, equity investments and guarantees to its members and to private business in the Europe and Central Asia (ECA) region. The recipients are using these funds in more than 130 projects designed to overcome poverty and enhance growthâ€”for example, by improving education and health services, promoting private sector development, building infrastructure, and strengthening governance and institutions.
A four-day workshop on “Performance Based Budgeting and Mid-term Budget Framework” took place in the conference hall of “Panorama-Grand” Hotel in Samarkand on 10-13 September 2007. The workshop was jointly organized by the World Bank Institute and UNDP Projects “Public Finance Reform in Uzbekistan” and “Support to Uzbekistan’s Welfare Improvement Strategy”.
Uzbekistan received US$504 million in remittances from Russian in the first half of 2007, UzReport.com reported.
In the first half of 2007 nominal money incomes of the Uzbek population increased by 28% as compared to the first half of 2006 and amounted to 7,321.3 billion soums, money expenditures and savings - by 30.7% and 7,328.5 billion soums respectively.