The State Tax Committee continues to publish clarifications regarding the application of benefits indicated by Presidentialdecree No. UP-6029 "On additional measures to support the population, business entities, catering, trade and services to reduce the negative impact of the coronavirus pandemic" from 20 July 2020.
On 23 July 2020, in the format of a video conference, negotiations were held between the Deputy Prime Minister of the Republic of Uzbekistan - Minister of Investment and Foreign Trade Sardor Umurzakov and Vice President of the World Bank for Europe and Central Asia Anna Bjerde.
The Board of the Central Bank adopted a decision to keep the base rate unchanged at 15% per annum.
Uzpromstroybank successfully passed an audit and received a certificate of compliance with the data security standards of the PCI DSS payment card industry version 3.2.1.
The coronavirus pandemic will push fiscal financing needs in the Commonwealth of Independent States (CIS) and Black Sea region to record high levels in 2020, Fitch Ratings says in a new report. However, policy improvements, availability of official financing, oil exporters’ savings and strengthened domestic markets have provided near-term support.
Foreign company Kito Investments Pte. Ltd. plans to sell 18.6% of shares of the authorized capital in JSCB "Savdogar".
On 22 July 2020, the working meeting between Deputy Prime Minister - Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov and Vice President of the World Bank for Europe and Central Asia Anna Bjerde took place in the format of videoconference.
A campaign from UzAuto Motors and Agrobank started on 17 July. As part of the campaign, a number of UzAuto Motors car models are available to customers on favorable terms of lending with an interest rate of 21% per annum for a period of 3 to 4 years.
The Decree of the President of Uzbekistan "On additional measures to support the population, business entities, catering, trade and services to reduce the negative impact of the coronavirus pandemic" was adopted.
In the period from January to June 2020, the total volume of utilized foreign investment made up US$4.8 billion, including foreign direct investment - US$3.2 billion and foreign loans under a state guarantee - US$1.6 billion.