Finance

The total external debt of Uzbekistan as of 1 October 2020 reaches US$29.3 billion

The main factors that influenced the formation of indicators of the balance of payments of the Republic of Uzbekistan for 9 months of 2020 were changed in the internal and external conditions associated with the ongoing COVID-19 pandemic, which led to a decrease in foreign trade turnover, a slowdown in global business activity and an increase in financial risks.

Uzbekistan improves the conditions for obtaining a mortgage loan

The President of Uzbekistan Shavkat Mirziyoyev signed a decree, which envisages the tasks of expanding mortgage lending mechanisms, allocating subsidies to people in need of improving housing conditions, as well as the wide involvement of private contractors in the field of housing construction

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Key priorities of the work of diplomatic representatives of Uzbekistan abroad were discussed

17/01/2021Read more

Streets to be closed in Samarkand due to eco-marathon

17/01/2021Read more

Vatican appoints new Ambassador to Uzbekistan

17/01/2021Read more

Finance Ministry publishes main directions of tax policy for 2021

According to the press service of the Ministry of Finance, the main directions of tax policy for 2021 envisage the preservation of the main tax rates for VAT (15%), income tax (15%, for certain categories 20%), tax income of individuals (12%), property tax of legal entities (2%), land tax for agricultural land (0.95%), social tax (economic entities - 12% and budgetary organizations - 25%), turnover tax (base rate 4%).

From 2021, car owners will be able to buy electronic insurance policies

A government resolution “On additional measures to improve the procedure for the provision of electronic insurance services” was adopted.

Fitch Affirms Three Private Uzbek Banks

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of three Uzbekistan-based private banks: Joint Stock Innovation Commercial Bank Ipak Yuli (IY) and PJSB Trustbank (TB) at 'B' and of JSCB Universal Bank (UB) at 'B-'. The Outlooks are Stable.

SEMURG INSURANCE receives a license

n accordance with the order of the Agency for the development of the Insurance Market the Ministry of Finance of the Republic of Uzbekistan, a joint venture the society with limited liability "SEMURG INSURANCE" issued a license of series SF №00004 from 04 December 2020.

Uzpromstroybank discusses the implementation of "green" financing instruments with the EBRD

Uzpromstroybank held a meeting with a delegation of the European Bank for Reconstruction and Development (EBRD), headed by Managing Director of Financial Institutions Francis Malizh.

IFC places a new issue of Samarkand bonds to support Ipoteka-Bank

As part of joint work with the International Finance Corporation (IFC) to transform the Joint-Stock Commercial Mortgage Bank Ipoteka-Bank and support its subsequent privatization, IFC has placed a new issue of Samarkand bonds, nominated in Uzbek soums, in the amount of more than 363 billion soums (equivalent to US$35 million) on the London Stock Exchange.

ADB US$93 million loan to boost skills development and inclusive growth in Uzbekistan

The Asian Development Bank (ADB) today announced that it has approved a US$93 million loan to help enhance competitiveness in Uzbekistan and boost inclusive growth by improving market-relevant skills development for young people and unemployed job seekers.

The Regulation on the procedure for changing the conditions for payment of taxes by taxpayers by local government bodies was approved

The Government resolution approved the Regulation on the procedure for changing the conditions of taxpayers’ payment by local government bodies.

Currency rates from 12/01/2021

$ 1 10473.20 +0.227%
€ 1 12796.16 +0.268%
₽ 1 141.29 +0.598%
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