Saturday, 28, May, 2022

Finances

Financial sanctions will be applied from 1 September against companies for anticompetitive actions. This is provided for by the presidential decree on improving the business environment of April 8.

The Central Bank of Uzbekistan has set new foreign exchange rates, which will be effective from April 11 this year, the Bank said.

The Central Bank of Uzbekistan has set new foreign exchange rates, which will be effective from April 8 this year, the Bank said.

In Q1 of 2022 the Central Bank increased the volume of foreign exchange interventions by 19% compared to the same period last year, the Bank said in a report.

Uzbekistan’s growth is expected to slow in 2022 due to lower investment and remittances from the Russian Federation before rising slightly in 2023, while green financing can support the country’s transition to a greener economy, a new Asian Development Bank (ADB) report says.

The Central Bank of Uzbekistan has set new foreign exchange rates, which will be effective from April 7 this year, the Bank said.

The Central Bank of Uzbekistan has set new foreign exchange rates, which will be effective from April 5 this year, the Bank said.

The European Bank for Reconstruction and Development is moving ahead with its plans to exclude the Russian Federation and Belarus from receiving funding for projects.

Fitch Ratings has affirmed Uzbekistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.

The Asian Infrastructure Investment Bank (AIIB) and the Republic of Uzbekistan have signed a USD108-million loan to electrify the Bukhara-Miskin-Urgench-Khiva railway line.

On March 24, the President signed the Measures implement the project "Tax Administration Reform with the participation of the World Bank" decree.

The Central Bank of Uzbekistan has set new foreign exchange rates, which will be effective from March 31 this year, the Bank said.

Russia proposed to use the yuan as a reserve currency in the CIS. According to Leonid Anfimov, "the dollar’s era is over and it will significantly lose its domination by 2025."

The Government of Uzbekistan and the French Development Agency (FAD) on March 25 signed two agreements to work together to develop water infrastructure in Navoi, Kitab and Shakhrisabz and inclusive and climate-friendly investment finance in the livestock sector, the FAD said in a statement.

On March 24, Shavkat Mirziyoyev signed the Measures to implement the project “Tax Administration Reform” with the participation of the World Bank Decree. 

IFC is making a new investment in one of Uzbekistan’s leading banks which aims to help businesses, including those owned by women, recover from the economic shock of the COVID-19 pandemic, resume operations, and adapt to the post-crisis environment.

A trade finance deal between the European Bank for Reconstruction and Development (EBRD) and four local banks in Uzbekistan will better enable private domestic businesses, including small and medium-sized enterprises (SMEs), to import necessary goods, services and equipment and to export their products. 

The Central Bank presented the publication “Balance of Payments, International Investment Position and External Debt of the Republic of Uzbekistan” for 2021.

The Central Bank of Uzbekistan has set new foreign exchange rates, which will be effective from March 28 this year, the Bank said.

The stakes of commercial banks in the United Republican Processing Center LLC (electronic funds transfers system - UzCard) will be handed over to the State Assets Management Agency (SAMA) within a month. This is stipulated in the President’s March 18 decree on the further reduction of state participation in the economy and the expediting the privatization.