Central Bank of Uzbekistan issued new licenses to new financial institutions in line with Uzbek legislation.
An Association of Professional Insurance Market Participants has been established in Uzbekistan and will start working at the beginning of June, the State Service for Insurance Supervision of the Republic of Uzbekistan.
A draft law on compulsory third-party liability (CTPL) insurance has been prepared in the Republic of Uzbekistan. The draft may be passed this autumn, Olim Ikramov, head of the State Service for Insurance Supervision within the Ministry of Finance of Uzbekistan, said.
During 25 May - 1 June 2007, the delegation from Uzbekistan, consisting of the representatives of the President’s office of the Republic of Uzbekistan, General Prosecutor’s office, Ministry of Finance, State Tax Committee, Central Bank, as well as OSCE and UNDP representatives has undertaken a study tour to Turkey in order to learn the successful Turkish experience in identification, interception, and prevention of financial and business crimes.
A management team from the Asian Development Bank visited Uzbekistan recently as part of efforts to further strengthen ADB’s already solid partnership with Tashkent.
The Asian Development Bank and the Government of Kyrgyz have signed an agreement on a US$20 million assistance package to boost land productivity and profitability in rural Kyrgyz Republic.
Top-level delegation of the Asian Development Bank (ADB) paid a visit to Uzbekistan on 4 June to discuss the possibilities of developing and strengthening cooperation.
The 12th meeting of the Coordination Council of the Heads of Tax Services of CIS and the 21st meeting of the Council of Heads of Tax Services of the Eurasian Economic Community were held on 1 June in Kazan. The heads of tax agencies of 12 countries came to participate in the meetings, RIA Novosti reported.
Interbank Trading System issued the decision to admit the subordinated bonds of the Capital Bank to circulation in the ITS system on 23 May 2007.