Finance

UZCARD privatization process starts in Uzbekistan

The process of privatization of the Unified Republican Processing Center LLC (UZCARD) has begun in Uzbekistan.

Central Bank of Uzbekistan hosts a meeting with a member of the Board of Directors of Cerberus Capital Management, LP and Qatar Sovereign Fund

A meeting was held at the Central Bank with a member of the Board of Directors of Cerberus Capital Management, LP and Qatar Sovereign Fund, Professor Zalmay Khalilzad.

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A meeting of the heads of emergency departments of Central Asian takes place in Dushanbe

06/10/2022Read more

International round table “Reform of tax and customs policy, as well as digitalization of revenue administration” continues its work in Samarkand

06/10/2022Read more

The World Society to republish a copy of the manuscript of the Spanish medieval author Clavijo

06/10/2022Read more

IFC helps Uzbekistan’s Ipoteka-Bank boost lending for smaller businesses, women entrepreneurs

IFC is providing a financing package to one of Uzbekistan’s leading banks to boost access to finance for the country’s thousands of micro, small and medium enterprises (MSMEs) and narrow the financing gap, especially for women entrepreneurs.

Uzbekistan to allocate 20 trillion soums for the implementation of small business projects

Uzbekistan will allocate 20 trillion soums for the implementation of small business projects. This was stated by the President of Uzbekistan Shavkat Mirziyoyev during a dialogue with entrepreneurs.

Uzbekistan to reduce VAT rate to 12% from 2023

From 1 January 2023, Uzbekistan will reduce the value added tax rate to 12 percent. This was stated by the President of Uzbekistan Shavkat Mirziyoyev during a dialogue with entrepreneurs.

Tashkent is preparing for the next meeting of the Council of the Interbank Association of the Member States of the Shanghai Cooperation Organization

On 23 August, within the framework of Uzbekistan’s chairmanship of the Shanghai Cooperation Organization (SCO), Tashkent will host the 18th meeting of the Council of the Interbank Association (IBC) of the organization’s member states, Dunyo news agency reported.

The number of insurance organizations increased by 27% in Uzbekistan

As of 1 July 2022, there are 42 insurance companies operating in Uzbekistan licensed to carry out insurance activities (an increase of 27% compared to the 1st half of 2019). Of these, 34 operate in the field of general insurance and 8 in life insurance.

Issues of improving the compliance system in banks were discussed

On 16 and 18 August this year, the Central Bank of Uzbekistan, together with consulting companies KPMG and E&Y, organized training events on the topic "Improving the compliance system in commercial banks".

NBU attracts a syndicated loan in the amount of €100 million from a consortium of foreign banks

The National Bank for Foreign Economic Affairs of the Republic of Uzbekistan (NBU), together with the leading Swiss bank Credit Suisse AG, successfully held a road show for institutional investors by presenting an information memorandum on activities and achievements of the National Bank.

An educational loan will be allocated for studying courses in the field of ICT

A Presidential resolution “On additional measures to expand opportunities for mastering modern knowledge and professions” was adopted.

Currency rates from 30/09/2022

$ 1 11014.01 +0.129%
€ 1 10674.78 +1.671%
₽ 1 191.80 +1.875%
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