Finance

Representative office of Kyongnam Bank begins operations in Uzbekistan

The Central Bank of the Republic of Uzbekistan accredited the representative office of Kyongnam Bank (Republic of Korea).

It is proposed to determine the bank for the issuance of pensions and benefits in Uzbekistan based on the results of the tender

It is proposed to determine a bank for issuing pensions and benefits in Uzbekistan on a tender basis. The Ministry of Finance of Uzbekistan published a draft presidential resolution “On measures to simplify the process of assigning state pensions to citizens and improving the system for issuing pensions and benefits to them”.

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Enterprises of Uzbekistan produce industrial products worth 91.5 trillion soums

19/04/2021Read more

Uzbekistan is dynamically developing cooperation with ACWA Power

19/04/2021Read more

Transformation of the enterprise of the aviation industry considered

19/04/2021Read more

The Central Bank does not plan to withdraw from circulation the banknotes in denominations of 1,000 soums

The Central Bank of Uzbekistan does not plan to withdraw banknotes of 1,000 soums from circulation. This was announced by Fazliddin Bozorov, Director of the Department of Organization of Cash Circulation of the Central Bank.

Triodos Investment Management issues a credit line to Ipak Yuli Bank

On 11 March 2021, funds for expanding access to financial services Triodos Fair Share and Triodos Microfinance, managed by Triodos Investment Management BV, signed an agreement with Ipak Yuli Bank on the provision of loan funds in the amount of 10 million euro, equivalent in Uzbek soums.

The Board of the Central Bank decides to keep the base rate at the level of 14.0% per annum

On 11 March 2021, the Board of the Central Bank decided to keep the basic rate unchanged, at 14.0% per annum.

The Central Bank decides to keep the base rate at 14.0% per annum

The Board of the Central Bank of the Republic of Uzbekistan today decided to keep the base rate unchanged at the level of 14.0% per annum.

Uzbekistan, Spain discuss financing joint projects

Representatives of the Ministry of Industry, Trade and Tourism of Spain, the Spanish Fund for the Internationalization of Enterprises FIEM, the agricultural corporation WES, the Ministry of Investments and Foreign Trade of Uzbekistan, JSCB Uzsanoatqurilishbank and Agrobank held virtual talks.

AM Best assigns a Financial Strength Rating of B to Uzbekinvest

AM Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of “bb” to Uzbekinvest Export-Import Insurance Company, JSC (Uzbekinvest) (Uzbekistan). The outlook assigned to these Credit Ratings (ratings) is stable.

Uzpromstroybank supports green economy in Uzbekistan

On 4 March, Uzpromstroybank organized a press tour to enterprises in the city of Tashkent in order to familiarize media workers (media) with projects launched on the basis of the "green" financing mechanism.

The virtual conference "International Bonds, Loans and Derivatives-Russia and the CIS 2021" was held

On 3 March, Deputy Minister of Finance of the Republic of Uzbekistan Odilbek Isakov took part in the virtual conference “International Bonds, Loans and Derivatives – Russia and the CIS 2021”, organized by GFC Media Group.

Currency rates from 20/04/2021

$ 1 10525.64 +0.128%
€ 1 12670.77 +0.630%
₽ 1 138.40 -0.166%
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