Traditionally, lending conditions have favored large enterprises, with financing channels such as bank branches and ATMs primarily catering to their r...
Finance
This represents a substantial increase of 130.3% compared to the figures recorded in 2022.
In February 2024 alone, the reserves saw an increase of $10.3 mn compared to January, and a year-to-date increase of $87.3 mn. Meanwhile, Uzbekistan’s...
The bank enhanced the quality of its loan portfolio, reducing the share of problem loans to 1.65%.
The collaboration between the Agency and Tether will focus on several key areas, including the development of blockchain technology, stable tokens, an...
Since 2018, the Central Bank of Uzbekistan has introduced gold coins to the public, followed by gold bars two years later.
Throughout 2023, the price of gold in Uzbekistan experienced notable volatility.
In adherence to a risk-sharing agreement between the two financial institutions, the EBRD shoulders 50% of the risk associated with the $1.1 mn loan e...
With NPLs hitting UZS 20 trillion ($1.6 bn) by February 1, 2024, marking a significant jump from January figures, UZS 3.4 trillion ($272 mn)
The price of one Bitcoin token soared to $56,430, a notable increase from the previous day's rate of $51,330,
Effective from July 1, 2024, lenders will be mandated to ensure that borrowers' debt burden does not exceed 60% of their income.
Historically, such achievements weren't sufficient to propel a retail enterprise into the upper echelons alongside financial institutions and industri...
Following closely behind, Russia constitutes 18.3% of Uzbekistan's foreign trade volume.
Humo facilitated a staggering 1.62 bn transactions over the course of the year.
The President of Uzbekistan underscored concerns over declining export volumes in two key industries and four regions of the country compared to 2022....
TBC Group welcomed Oliver Hughes, former CEO of the Tinkoff group, as the head of international business.
These funds will be utilized to provide targeted concessional loans in the national currency, with an interest rate set at 4%.
As reported by the Tashkent Stock Exchange, Garant Bank presently has 2.3 bn securities in circulation, held by various shareholders.
Meanwhile, a diverse array of private and commercial banks presents a mixed picture in terms of NPL percentages
Over the past four years, Uzbekistan has consistently grappled with budget deficits surpassing established limits.
Additionally, on February 6, the board of the exchange announced the inclusion of Ohangaronshifer shares in the quotation list.
The World Bank has highlighted the adverse impact of the escalating debt burden and defaults on household welfare and economic stability.
The company is poised to finalize this significant deal by the end of January.
This represents a notable increase of 19% compared to the previous year.
As of January 22, the value of the world's largest cryptocurrency stood at $39,452.
In his New Year greetings, President Shavkat Mirziyoyev pledged an increase in wages, pensions, scholarships, and allowances for 2024.
The SQB delegation engaged in meetings with European financial entities, including Raiffeisenbank, OeEB, OeKB, Societe Generale, Commerzbank, Helaba,
Commercial banks, particularly those under state control, often engage in practices to minimize the visibility of NPL, contributing to an underestimat...
Criticizing the director of the Agency for State Asset Management (SAMA), Akmalkhon Ortikov, Mirziyoyev highlighted discrepancies in the fulfillment o...
Avesta Equity Index January 2024 report reveals strong Uzbekistan market performance, robust company growth, and global outperformance amid structural...
The World Bank anticipates positive economic growth for Uzbekistan and the ECA region, but geopolitical uncertainties pose potential risks to sustaine...
Uzbekistan's electrical industry achieves UZS 23.8 trillion production, $1 bn exports, and significant investments, signaling robust growth, with ambi...
The Central Bank of Uzbekistan's December actions, encompassing restrictions, fines, and exclusions, reaffirm its commitment to robust financial overs...
Uzbekistan's Central Bank aims to balance credit access and debt prevention, fostering responsibility in lending for financial stability.
The USD/UZS exchange rate in Uzbekistan has seen significant fluctuations, emphasizing the need for careful economic monitoring and informed decision-...
The introduction of the tax-free system in Uzbekistan began in January 2023, with counters operational at five airports: Tashkent, Samarkand, Bukhara,...
Uzbekistan's top 20 service sector taxpayers play a vital role, contributing substantially to the nation's fiscal well-being and economic stability
The priority line for Turan is set at up to $5mn, with a quota line up to $40mn, increasing to $100mn by the end of 2024.
Uzbekistan's recent actions against energy theft, administrative violations, and quality control underscore the government's commitment to accountabil...
The meeting served as a platform to review the key outcomes of multilateral cooperation in 2023 and deliberate on the priority tasks for the forthcomi...
Uzbekistan's robust export growth, especially in agriculture, textiles, and services, highlights its dynamic role in global trade, fostering economic
Mastercard is actively collaborating with Uzbekistan to boost tourism, focusing on card acceptance, contactless payments, small businesses, and digita...
Uzbekistan's thriving foreign trade, marked by a 26% increase, showcases economic strength and global partnerships, propelling sustained growth and re...
Uzbekistan's inflation forecasts show regional and occupational variations, with entrepreneurs adapting to diverse factors, while overall expectations...
Uzbekistan's 2024-2026 budget report outlines robust growth, strategic projects, and economic resilience, reflecting a nation committed to sustainable...
Uzbekistan navigates global uncertainties with proactive policies, anticipating stable growth through strategic reforms and diversified initiatives fo...
The Central Bank's decision reflects cautious optimism amidst inflation challenges, maintaining a tight monetary policy to ensure long-term economic s...
The regulatory action by NAPP prevents Omad Sug'urta from entering into new insurance contracts or renewing existing ones during the suspension period...