Traditionally, lending conditions have favored large enterprises, with financing channels such as bank branches and ATMs primarily catering to their r...
Money
This represents a substantial increase of 130.3% compared to the figures recorded in 2022.
This substantial surge in volumes is attributed to three key transactions involving METQ, TBMZ, and BNGA shares. These transactions accounted for 74.6...
The five Central Asian states' combined turnover reached $11 bn in 2023, a 2.5-fold increase over the previous decade. The largest contributor to this...
In 2023, firms engaged in exports were granted $53.1 mn in aid, which enabled them to ensure exports worth $3.2 bn. Nevertheless, not all industries a...
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%.
Among the top 10 large taxpayers, the state's share amounted to a substantial UZS 8.7 trillion ($694mn).
Uzbekistan has experienced an increase in PPP projects, with more than 400 infrastructure projects, valued at around $16bn.
Fines were imposed on three banks, while six other banks and one mortgage financing company were issued warnings indicating that further measures and
The Central Bank of Uzbekistan stated that the decrease in international reserves is due to “seasonal factors” typically seen in January and February....
The collaboration between the Agency and Tether will focus on several key areas, including the development of blockchain technology, stable tokens, an...
Uzbekistan witnessed a rise in its gross domestic product (GDP) per capita in 2023, reaching UZS 29,2mn, equivalent to approximately $2,496.
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.
The investment strategy includes contributions from multiple countries, led by China with $19.98bn, and focuses on a variety of sectors including rene...
Historically, such achievements weren't sufficient to propel a retail enterprise into the upper echelons alongside financial institutions and industri...
In recent years, Uzbekistan has been striving to revitalize its economy and attract foreign investment.
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....
Of the total investment, $4.1bn is earmarked for industries, while $3.1bn is allocated to bolster regional economies
From Andijan's GRP of UZS 68.2 trillion ($5.5bn) to Tashkent City's staggering UZS 181.9 trillion ($14.7bn) GRP, each area contributes uniquely to the...
The total capital of commercial banks has reached UZS 97.08 trillion ($7.9bn) as of January 1, 2024, showcasing 22% growth.
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%.
Payment organizations will also be mandated to include a description of measures taken to comply with sanctions-related risk management requirements w...
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
By mid-year, the annual price index could escalate to 9%, before stabilizing within the 8–9% range by the year-end.
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.
Uzbekistan stands among the world's top ten exporters of fresh onions, with annual exports ranging from 200,000 to 250,000 tons.
In Uzbekistan, Sellty offers a range of features and functionalities.
The meeting highlighted the potential for mutually beneficial cooperation, with implications extending beyond the immediate placement of goods.
The company is poised to finalize this significant deal by the end of January.
The aggressive growth in the number of trades is attributed to the enhanced IT infrastructure of the JETT application.
The finance and insurance sector claimed the highest average salary at UZS 13.3mn ($1,074), followed closely by the information and communication sect...
The program provides a range of financial support mechanisms, including loans, interest-free loans, grants, and leasing.
This represents a notable increase of 19% compared to the previous year.
The analysis categorized financial institutions into two groups: 11 small banks and 17 large banks.
Atabek Nazirov, UzDIF CEO, anticipates a growing demand for green investments in Uzbekistan, given the government's policy on promoting a green econom...
In addition to the regional office, the bank also discussed forming new promising projects.
