The Senate [upper house] of Oliy Majlis of Uzbekistan [parliament] approved a State Budget for 2008 on Friday, 30 November 2007. Senate is holding the twelfth plenary session today.
A roundtable on "Challenges and Prospects of coordination of the activities of state bodies in the filed of combating money laundering" was held in the conference hall of the Business Center of Navoi Mining and Smelting Combine (NMSC) on 28 November 2007.
A delegation led by the Deputy Prime Minister, the Ministry of Finance and Economy of South Korea O-kyu Kwon and the Chairman of the Export-Import Bank of Korea (Korea Eximbank) Cheon-Sik Yang will pay an official visit to Tashkent on 12 December this year.
Central Bank of Uzbekistan said on its website that it registered office of Export-Import Bank of Korea in Tashkent in line with the resolution of the Cabinet of Ministers and local legislation.
The Committee for Budget and Economic Reforms of Senate of Oliy Majlis held a meeting on 28 November to discuss the main macro-economic indicators, different aspects of taxation and budget policies and parameters of the State Budget for 2008.
Uzbekistan received about US$330 million in remittances from Russia in the second quarter of 2007, Russia’s banker.ru reported quoting the president of Russian Banks Association Garegin Tosunyan.
Capital Bank, Uzbek private commercial bank, said it fully placed the seventh emission of shares for 3 billion soums.
The first nine months of 2007 are characterized by the activation of insurance market, stipulated by the entrance of new players and increase of growth rates of the sector, according to specialists of SAIPRO company’s financial analysis and rating department.
IFC, the World Bank, and the International Housing Finance Program of the University of Pennsylvania’s Wharton School recently conducted a four-day workshop to enable more than 50 executives of state agencies and commercial banks in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan to review global innovations of housing finance systems, IFC said in its press release on 26 November.
According to a new report Paying Taxes 2008 launched today by the World Bank, IFC, and PricewaterhouseCoopers Uzbekistan is among reformers which made it easier to pay taxes in 2006/2007; however, the country still ranks 159 in the world in terms of ease of paying taxes.