ARHAT Audit, Uzbek auditor-consulting group, signed a five-year contract on partnership and interaction with FinExpertise, Russian auditor-consulting group, a press release of the Uzbek company said on 27 April.
Uzbekistan introduced tax consultation and determined authorized body regulating tax consultation. Uzbek Finance Ministry was entrusted as authorized body of tax consultation.
Aggregate capital of Uzbek commercial banks increased by 15.1% year-on-year to 1.1 trillion soums as of 1 April 2007.
Uzbekistan has increased minimal requirements on authorized capitals of local insurance companies. The decree of Uzbekistan’s president Islam Karimov “On further reforming and development of the insurance services market” envisages this measure.
Navoi branch of Ipoteka Bank plans to double the volume of credits, issued to construction and purchase of habitations, in 2007.
Samarkand Bank and IShONCh Interbank Insurance Company signed a general agreement to develop partnership relations and mutual beneficial cooperation in presenting complex banking and insurance services to clients.
Uzbek Justice Ministry registered a regulation “On order on use of tax preferences on purchase of shares of commercial banks and receive of dividends on them” on 20 March.
On 23 April, the World Bank Uzbekistan Country Office hosted a ceremony for recipients of the 2007 Small Grants Award. The World Bank allocated US$35,000 to seven Uzbek projects within its Small Grants Programme.