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.
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.
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”.
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.
President of Uzbekistan Islam Karimov signed a resolution on 30 March 2009 on reorganization of Pakhta Bank into Agrobank.
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 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.
Major Russian insurance group ROSNO plans to open a representative office in Uzbekistan, Prime-Tass reported quoting the group’s CEO Hannes Chopra.
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, 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.