Finance

Uzpromstroybank takes part in the international investment conference "Uzbekistan Investor Day"

On 24 November 2020, an international online investment conference “Uzbekistan Investor Day” was held, organized by the Capital Market Development Agency together with the international investment bank Wood & Co.

Ministry of Finance of Uzbekistan prepares a draft on the main directions of tax policy for 2021

The Ministry of Finance of the Republic of Uzbekistan prepared a draft Law of the Republic of Uzbekistan “On amendments and additions to some legislative acts of the Republic of Uzbekistan in connection with the adoption of the main directions of tax policy for 2021”.

Latest News

Special Representative of Uzbek President meets with Russian Ambassador

28/11/2020Read more

Republican Special Commission allowed the operation of computer gaming centers

27/11/2020Read more

Scientists of Uzbekistan develops a technology for bacteriostatic treatment of medical masks

27/11/2020Read more

Central Bank: how to counteract corruption and the shadow economy

Today, the Central Bank hosted a seminar on combating corruption and the shadow economy, as well as its prevention, with the participation of representatives of the General Prosecutor’s Office and the Anti-Corruption Agency, employees of the Central Bank and commercial banks.

The Ministry of Finance to direct part of the funds from the new eurobonds to the development of family entrepreneurship

The Ministry of Finance of Uzbekistan will allocate 1 trillion soums, attracted through the placement of Eurobonds, to three banks for the development of family entrepreneurship.

Fitch Assigns Ipoteka-Bank’s Debut Eurobonds Final ‘BB-’ Rating

Fitch Ratings has assigned Ipoteka-Bank’s US$300 million 5.5% debut Eurobond placement due in 2025 a final rating of ‘BB-’. The bank is using the proceeds mainly for extending foreign-currency facilities to local borrowers in Uzbekistan.

PSB provides loan for US$299m to NGMK

Promsvyazbank provided one of the world’s largest gold producers to the Navoi Mining and Metallurgical Plant (NGMK) with a revolving credit line in the amount of US$200 million to finance the company’s investment projects. This was reported by the press service of PJSC Promsvyazbank (PSB).

Central bank launches an instant payment system

In order to create wide opportunities for legal entities and individual entrepreneurs, in February this year, the Central Bank launched an Instant Payments System, which allows payments to be made online around the clock.

State Tax Committee launches a system for registration of electronic contracts

The State Tax Committee of Uzbekistan (STC) has launched a system for registering electronic contracts. This was reported by the press service of the committee.

International cooperation in the field of accounting and auditing considered

On 19 November 2020, the XVII meeting of the Coordinating Council on Accounting of the Member States of the Commonwealth of Independent States (CIS) was held. In connection with the situation continuing in the world due to the coronavirus pandemic, this meeting was held in the format of a video conference.

VEB.RF announces expansion of cooperation in financing projects in the oil and gas industry of Uzbekistan

VEB.RF, in a consortium with Russian partner banks, is ready to work out financing of the second stage of the program to increase hydrocarbon production being implemented in Uzbekistan. The total volume of loans planned for attraction is estimated at US$650 million, according to the corporation’s website.

Currency rates from 24/11/2020

$ 1 10414.86 +0.230%
€ 1 12344.73 +0.408%
₽ 1 136.69 +1.749%
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