Finance

ADB expands trade finance programme to US$1 billion

The Asian Development Bank (ADB) has expanded its Trade Finance Facilitation Programme (TFFP) to US$1 billion, a move that could generate up to US$15 billion in much-needed trade support by the end of 2013.

Oman and Uzbekistan sign pacts on taxation

The Sultanate of Oman and the Republic of Uzbekistan’s governments signed at Tashkent yesterday, agreements on avoidance of double taxation and evasion of taxation on income and capital, and agreement on encouragement and mutual protection of joint investments between the Sultanate and Uzbekistan, Times of Oman reported.

Latest News

Uzbekistan grows 8.2 million tons of grain and 3.8 million tons of cotton in 2023

09/12/2023Read more

Global collaboration, China leads in alternative energy innovation

09/12/2023Read more

GE Healthcare and global enterprises collaborate to create innovation in medicine, focusing on international exhibition to stimulate supply chains

09/12/2023Read more

Senate ratifies agreement on Uzbek-Japanese investments protection agreement

The Senate of the Oliy Majlis (upper house of parliament) of Uzbekistan approved the law “On ratification of the agreement between the Republic of Uzbekistan and Japan on Liberalization, Encouragement and Protection of Investments”.

Qishloq Qurilish Bank to support construction in rural areas

President of Uzbekistan Islam Karimov signed a resolution on 30 March 2009 on creation of the Qishloq Qurilish Bank (Rural Construction Bank) on the basis of one of the country’s largest banks - Galla Bank.

Pakhta Bank to be reorganized into Agrobank

President of Uzbekistan Islam Karimov signed a resolution on 30 March 2009 on reorganization of Pakhta Bank into Agrobank.

Seminar on improving skills of employees of public finance institutions held

The United Nations Development Programme “Public Finance Reform in Uzbekistan” Project and Agency for Assistance to the Development and Exchange of Economic and Financial Technologies (ADETEF) in partnership with the Ministry of Finance of the Republic of Uzbekistan, are co-hosting this seminar-training.

Fitch rates Uzbekistan’s Microcreditbank at ’B-’

Fitch Ratings has assigned on 18 March Uzbekistan-based Microcreditbank (MCB) a Long-term Issuer Default Rating (IDR) of ’B-’ (B minus) with a Stable Outlook. A full list of rating actions is provided at the end of this comment.

Russia’s ROSNO to open representative office in Uzbekistan

Major Russian insurance group ROSNO plans to open a representative office in Uzbekistan, Prime-Tass reported quoting the group’s CEO Hannes Chopra.

Republic of Korea boosts support for EBRD projects

The Republic of Korea has pledged a Korean Won 6.6 billion (US$4.5 million) increase in its technical cooperation funding to support EBRD projects.

Western Union consumers can now send money from Russia to Uzbekistan in rubles

Western Union, a global leader in international money transfer services, today announced that its customers from Uzbekistan who currently live in Russia can now send money transfers not only in US dollars, but also in Rubles from Russia to Uzbekistan.

Currency rates from 07/12/2023

$ 1 12305.17 +0.128%
€ 1 13278.51 -0.251%
₽ 1 131.98 -1.632%
Other currencies »