In 2018, the volume of remittances of individuals transferred from Russia to Uzbekistan through payment systems made up US$2.9 billion, according to the data of the Central Bank of Russia.
Micro, small and medium enterprises (MSMEs) across Uzbekistan’s Ferghana Valley will benefit from a new rural enterprise development project approved on March 21 by the World Bank’s Board of Executive Directors. The project will be supported by a US$200 million loan from the International Bank for Reconstruction and Development (the World Bank Group’s member).
The Board of Governors of the International Development Fund (OFID) of the Organization of Petroleum Exporting Countries (OPEC) provided Uzbekistan with a loan of US$54 million, the press service of the Ministry of Foreign Affairs of Uzbekistan said in a statement.
During the visit of a delegation of the Republic of Uzbekistan to London (United Kingdom) on 21 March 2019, Uzpromstroybank (Uzbek Industrial and Construction Bank) and the European Bank for Reconstruction and Development (EBRD) signed several agreements.
Barkhoyotjon Sattorov was appointed as Chairman of the Board of Hi-Tech Bank. Powers of the board member of Hi-Tech Bank Sherzod Khamdamov were terminated.
President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting today on speeding up the implementation of investment projects and work on attracting direct investment.
On 20 March 2019, a memorandum of cooperation was signed between Buyuk Kelajak and Uzagrolizing JSC.
Due to systematic violations related to transactions on the currency exchange (UzRVB), a number of commercial banks temporarily, until clarification of circumstances, were excluded from participation in the auction (Hamkorbank, Turkiston Bank, HiTech Bank, Universal Bank, Invest Finance Bank, Ipak Yuli Bank, Savdogarbank, Trust Bank, Asia Alliance Bank).
The Government of Uzbekistan adopted a resolution “On measures to further improve the compulsory insurance of civil liability of vehicle owners”.
An annual National Exhibition of financial and banking services, equipment and technologies BankExpo-2019 will be held on 11-13 April at the NEC Uzexpocentre. The exhibition will bring together leading commercial and state banks of Uzbekistan, insurance, leasing, investment and IT companies.