Finance

TRUST-INSURANCE receives a license

In accordance with the order of the Agency for the development of the insurance market the Ministry of Finance of the Republic of Uzbekistan, the limited liability company "TRUST INSURANCE" issued a license of series SF №00008 from 25 December 2020 for the implementation of voluntary classes 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 and 17 General insurance industry.

EBRD and Hamkorbank help set up new production line in Samarkand

Dairy products producers will have a greater variety of packaging at their disposal following the installation of a modern production line by Midas Plastics financed by the EBRD and Hamkorbank.

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Chairperson of the Senate meets with residents of Beruniy and Turtkul districts

24/01/2021Read more

Further steps to reform the energy sector of Uzbekistan discussed

24/01/2021Read more

Two SZE and Investment Agreements were signed for two wind farms located in Bukhara and Navoi regions

24/01/2021Read more

SHARQ-SUG’URTA has been granted a license

TashkenIn accordance with the order of the Agency for the development of the insurance market the Ministry of Finance of the Republic of Uzbekistan, the limited liability company "SHARQ-SUG’URTA" issued license SF series No. 00007 from 25 December 2020, for the implementation of voluntary and compulsory insurance (except compulsory insurance of civil liability of vehicle owners compulsory insurance of civil liability of employers and compulsory insurance of civil liability of the carrier) in the classes 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 and 17 of the general insurance industry.

The volume of trade finance transactions of the Sberbank Group amounted to about US$55 billion

Sberbank summed up the results of work in the direction of trade finance in 2020. The total amount of trade finance and documentary transactions since the beginning of the year amounted to a record US$54.5 billion, while the volume of transactions in domestic trade grew by 70% over the year.

First Deputy Executive Director of the State Health Insurance Fund appointed

The Government of Uzbekistan with its resolution appointed the first deputy executive director of the State Health Insurance Fund.

Freedom Finance’s Data Breach Marginally Increases Risks To Strategy Of Building Commission Income

S&P Global Ratings said that Freedom Holding Corp.’s capital and earnings in the fiscal year ending 31 March 2021, should stay resilient despite a recent data breach at its main operating company in Russia, Investment Co. Freedom Finance LLC (Freedom RU; B-/Positive/B).

Uzbekistan plans to attract $7.5 billion FDI in 2021

Uzbekistan plans to attract foreign direct investment in the amount of US$7.5 billion in 2021, the Ministry of Investment and Foreign Trade of Uzbekistan said in a statement.

The assets of the banks of Uzbekistan makes up 350.47 trillion soums

Assets of commercial banks in Uzbekistan as of 1 December 2020 made up 350.47 trillion soums, which is 28.5% more compared to the beginning of 2020, according to the data of the Central Bank.

National Bank of Uzbekistan sign loan agreements with VEB.RF and Roseximbank to attract credit lines

The National Bank of Uzbekistan for Foreign Economic Activity signed loan agreements with the State Development Corporation VEB.RF and Roseximbank to attract credit lines worth 4.8 billion Russian rubles.

State budget of Uzbekistan for 2021 approved

Uzbekistan has approved the state budget for 2021. This was reported by the Ministry of Finance of Uzbekistan.

Currency rates from 19/01/2021

$ 1 10500.81 +0.264%
€ 1 12682.88 -0.885%
₽ 1 142.66 +0.970%
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