Monday, 27, September, 2021

Finances

US$ 40.7 million will be provided for the reconstruction of two sections of the M39 Tashkent-Termez highway with a total length of 21 km, the Dec. 31 Resolution of the Cabinet of Ministers stipulated.

From January 1, Uzbek joint-stock companies, commercial banks, insurance companies and legal entities in the category of large taxpayers are required to keep accounting on the basis of IFRS and from the end of 2021 will prepare financial statements on the basis of IFRS.

Dairy products producers will have a greater variety of packaging at their disposal following the installation of a modern production line by Midas Plastics financed by the EBRD and Hamkorbank.

The Asian Development Bank (ADB) and “Nur Navoi Solar” Foreign Enterprise Limited Liability Company (NNS) signed loans of up to $17.5 million for a 100-megawatt (MW) solar power plant that will be the first public–private partnership renewable energy project in Uzbekistan. The project will play a catalytic role in improving access to affordable and reliable renewable energy in rural parts of the country.

The European Bank for Reconstruction and Development (EBRD) is financing a 100 MW solar photovoltaic plant in the Navoi region of Uzbekistan, one of the first two privately owned renewable energy projects in the country.

The Minister of Finance Timur Ishmetov spoke about the risks for achieving the projected targets of the 2021 state budget revenues and expenditures.

The UK government has approved technical assistance to begin the phase II of the study of the Tashkent international financial district concept (TIFC), the Uzbek Capital Market Development Agency said.

Uzbekistan total external debt as of October 1, 2020 amounted to US$ 29.3 billion, recording 19.7% or US$ 4.8 billion increase to the beginning of 2020, the Central Bank’s Balance of payments, international investment position and external debt of the Republic of Uzbekistan publication said.

As the demand for affordable medical goods fuelled by the outbreak of the Covid-19 pandemic has grown immensely in Uzbekistan, the EBRD is stepping up efforts to support local manufacturers in Central Asia’s most populated state.

The Government of Uzbekistan selected Nephroplus, one of Asia’s largest and fastest growing dialysis companies, as the winning bidder today in a competitive international bidding process designed to increase patients’ access to quality dialysis treatment.