Against the background of the effective anti-crisis policy pursued in the EU in response to the COVID-19 pandemic, as well as deeper economic problems in the US, the euro is strengthening, the exchange rate of which against the dollar has increased from 1.10 (April of this year) to 1.18 dollars (beginning of August of this year).
Against the background of the COVID-19 pandemic and the global economic recession, gold prices continue to grow rapidly, breaking the US$2,000 mark per troy ounce. Since the beginning of the year, the price of gold has increased by more than 30%, and in July - by 11%.
Capital Market Development Agency (CMDA) is working on creation of a community of investment and financial analysts.
The President of Uzbekistan signed a law to amend and supplement 11 legislative acts, including the laws "On joint stock companies and protection of shareholders’ rights", "On limited and additional liability companies" and "On the securities market".
The United States government’s interagency team continues to help Uzbekistan build and develop a capital market.
The total volume of transactions concluded in the first half of 2020 on all trading platforms of the Uzbek Republican Commodity and Raw Materials Exchange (UzEX) made up 25.4 trillion soums, which is 22% higher than the same indicator for the 1st half of 2019.
The Presidential Decree “On Additional Measures to Further Develop the Competitive Environment and Reduce State Participation in the Economy” was adopted.
Last week, the initial issue of shares of Mega Pro Business (Tashkent), which became a joint stock company, was put on depositary account. The state registration of the issue of shares was carried out on 29 June 2020. The initial authorized capital of the company is 29.24 billion soums. Head of the company is Akhmatakhunov Eldor Tolkunbaevich.
In order to ensure efficient operations and optimize the business processes of the Uzbek Republican Currency Exchange, a quality management system has been developed and implemented that meets the requirements of the international standard ISO 9001:2015.
Uzbekistan Capital Market Development Agency provided the American financial company Bluestone Financial Group Inc. licenses for the right to provide the services of an investment intermediary, an investment adviser and a trustee for investment assets.