Friday, 21, February, 2020

Finances

Dairy products consumers across Uzbekistan will enjoy a greater variety of cheeses by a popular local producer Tillo Domor following its expansion supported by the EBRD and Hamkorbank.

The Minister of Innovative Development of Uzbekistan, Ibrohim Abdurahmanov hosted a delegation led by the president of the Venture Fund Council of the  Union of Chambers and Commodity Exchanges of Turkey, Göktekin Dinçerler, the ministry said.

On November 8, at the Ministry of Investments and Foreign Trade was held a meeting with the director of financial operations at the Export-Import Bank of the Republic of Korea, Chang Yong-soo, the ministry said.

The EBRD believes the economy of Central Asia’s most populated state will continue its strong showing in 2020.

The President Shavkat Mirziyoyev signed the new version of the Banks and Banking Activities Bill into Law on November 5, with immediate effect.

President Shavkat Mirziyoyev ordered to cut inflation to 9.5% in 2022, said the head of State Budget Department at the Ministry of Finance, Jamshid Abruev at the presentation of the draft Citizens’ Budget on Friday.

The EBRD is expanding its regional presence in Central Asia’s most populated region by opening an office in Andijan, one of the largest municipalities in east Uzbekistan.

Uzbekistan president Shavkat Mirziyoyev has agreed reform aimed at modernising the Tashkent Stock Exchange and increase its free float to 10% of GDP by 2025, FDI Intelligence said.

President Shavkat Mirziyoyev signed the Currency Regulation Bill into Law which allows individuals to carry 100 million soums, or US$ 10,600 out of Uzbekistan without any permits.

The Uzbekistan Deputy Finance Minister Odilbek Isakov, during the visit to the United States, held a meeting with Deputy Assistant Secretary for Technical Assistance Policy of the U.S. Department of the Treasury, Larry McDonald.