UNIStream, an international money transfer system, said on 23 October that its turnover in Uzbekistan increased by 97% year-on-year [from US$142 million in the third quarter of 2007] to US$281 million in the third quarter (July-September) of 2008.or increased by 97% compared to the same period of 2007.
President of Uzbekistan Islam Karimov signed on 22 October 2008 a decree to increase salaries, pensions, stipends and social allowances in the country.
Specialists of Uzbekistan State Tax Committee in Samarqand region are improving their knowledge on new edition of Tax Code of Uzbekistan at two seminars, which opened on Tuesday, 21 October.
VTB plans to provide US$500 million to its subsidiaries abroad. "VTB plans to provide its subsidiary banks about US$500 million in October to support their stable operation," a source at the bank told Interfax.
The conference on the state of the insurance market and strategies of its development was held at the Legislative Chamber of Oliy Majlis of Uzbekistan. It was organized by the parliament’s Committee for labor and social issues and the State insurance inspection under the Finance ministry, UzA reported.
Shareholders of Galla Bank joint-stock commercial bank decided to issue new shares to increase its authorized capital.
Pakhta Bank joint-stock commercial bank will double its charter capital through emission of additional shares. The shareholders of the bank adopted a corresponding decision.
Uzbek President Islam Karimov signed a resolution to approve a protocol to agreement between the Government of Uzbekistan and the Government of the Kyrgyz Republic on restructuring public debt of Kyrgyz Republic before Uzbekistan from 2 July 2003.
The EBRD is providing a US$4.6 million loan to support the expansion of the Uzbek PET producer Tarleplast. Because of increasing demand for its products the company is planning to install two additional production lines and to procure the raw material for its production directly from suppliers.