The Government of Uzbekistan approved the Regulation on the Agency for Attracting Foreign Investment under the Ministry of Investments and Foreign Trade.
Visa, together with Orient Finans Bank and TEZCARD, announced expansion of coverage of non-cash payments in public transport in Uzbekistan. Now payment for travel with contactless Visa cards has become available to residents and guests of the city of Ferghana.
The Government of Uzbekistan approved a Regulation of the organization of implementation of the automated system "Control and monitoring the implementation of investment projects”.
Uzpromstroybank and IFC, based on the results of the analysis, developed a new business model of the bank, which is aimed at reforming the bank on the basis of modern requirements.
In January-June 2019, the average monthly nominal accrued wages in the Republic of Uzbekistan made up 2.09 million soums (including wage supplements, remunerations, incentive payments, compensation payments and unearned the time, as well as the tax on income earned from individuals, social insurance contributions and to the trade union fund). The growth made 30.1% compared to the same period of 2018.
Fitch Ratings has assigned Uzbekistan-based Ipoteka-Bank (Ipoteka) Foreign and Local Currency Long-Term Issuer Default Ratings (IDRs) of ‘BB-’. The Outlook on the IDRs is Stable. The agency has also assigned the bank a Viability Rating (VR) of ‘b’. A full list of rating actions is at the end of this rating action commentary.
By decision from 20 July 2019, the Board of the Central Bank kept the refinancing rate unchanged at 16% per annum.
First Deputy Chairman of the Senate of the Oliy Majlis Sodik Safoyev held talks with the Vice President of the World Bank Group Ceyla Pazarbasioglu with participation of leading experts of the International Finance Corporation.
Deputy Prime Minister of the Republic of Uzbekistan - Minister of Finance Jamshid Kuchkarov held a meeting with the World Bank Vice President for Europe and Central Asia, Cyril Muller, who is in Uzbekistan on an official visit.