Uzbekinvest and Nippon Export & Investment Insurance Agency (NEXI) signed a memorandum of understanding during the Uzbek-Japanese Business Forum in Tashkent.
The only active insurance company in Uzbekistan specialized in life insurance, UzbekInvest Hayot has announced the increase of its authorized capital to the level of 1.5 billion soums.
On 24-25 October 2007, the Area-Based Development Program (ABD) held presentations of two microcredit products in Nihan and Kitab districts of Kashkadarya region. The products were designed within the ABD Program initiated by the United Nations Development Programme (UNDP) and will be provided to dehkan and farming entities of the above districts through Kashkadarua regional department of Business Women Association.
Heads of the Eurasian Economic Community (EurAsEC) member states are planning to sign a protocol on creation of the single insurance market by spring 2008.
On 23 October 2007, United Nations Development Program (UNDP) and Mikrokreditbank signed Cooperation Agreement. The Cooperation Agreement was signed within the framework of Area-Based Development Programme initiated by UNDP with an aim to foster socio-economic development in the rural areas of Uzbekistan.
The assets of Ravnaqbank made up 15.4 billion soums as of 1 October 2007, the bank’s marketing department said.
Four workshops dedicated to explanation and discussion of the main provisions envisaged in the draft New Revision of Tax Code of the Republic of Uzbekistan were held in the Legislative Chamber of Oliy Majlis on 26-29 October this year.
MicroCreditBank issued over 115,600 plastic cards as of 1 October 2007 or in creased by 15.5% year-on-year, the press service of the bank said.