Ravnak Bank, a private joint-stock commercial bank, received the General License of the Central bank of Uzbekistan No. 29 allowing it to perform operation in foreign currency on 4 June 2007.
On 3 - 8 June 2007, a delegation of Uzbekistan participated in the study tour to learn the system of risk analysis in State Revenues Service of Latvia. The visit was organized by UNDP “Improving Tax Administration n Uzbekistan” Project jointly with International Financial Corporation (IFC).
A seminar on "Supporting competition in economy-in-transition and developing countries" was held on 29 May in Moscow, State Committee of Uzbekistan for Demonopolisation, Support of Competition and Entrepreneurship said.
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.