Finance and Investment

17.07.2019

AIIB to allocate $600 million for infrastructure development of Bukhara region, Uzbekistan

Minister of Investment and Foreign Trade Sardor Umurzakov held a meeting with the Asian Infrastructure Investment Bank (AIIB) president Jin Liqun in Luxembourg.

During the meeting, an unprecedentedly high rate of mutual cooperation was noted, referring to both accelerated progress on ongoing projects and great prospects for expanding partnership, in connection...

Minister of Investment and Foreign Trade Sardor Umurzakov held a meeting with the Asian Infrastructure Investment Bank (AIIB) president Jin Liqun in Luxembourg.

During the meeting, an unprecedentedly high rate of mutual cooperation was noted, referring to both accelerated progress on ongoing projects and great prospects for expanding partnership, in connection...

17.07.2019

Greenback shifts from downward to upward – same causes cited

The dollar rose against a basket of currencies on Tuesday as surprisingly strong growth in U.S. retail sales in June soothed jitters about the American economy and trimmed expectations the Federal Reserve may embark on a deep interest rate cut later this month.

The greenback strengthened versus the euro due to...

The dollar rose against a basket of currencies on Tuesday as surprisingly strong growth in U.S. retail sales in June soothed jitters about the American economy and trimmed expectations the Federal Reserve may embark on a deep interest rate cut later this month.

The greenback strengthened versus the euro due to...

16.07.2019

Legal entities now classified as large taxpayers in Uzbekistan

At the Ministry of Justice, a provision was passed on the establishment of criteria for classifying legal entities as large taxpayers.

According to the provision, the category of large taxpayers includes:

- enterprises producing goods subject to excise tax;

- banks and their branches, commodity, stock and currency exchanges;

- “Navoi MMC” and “Almalyk...

At the Ministry of Justice, a provision was passed on the establishment of criteria for classifying legal entities as large taxpayers.

According to the provision, the category of large taxpayers includes:

- enterprises producing goods subject to excise tax;

- banks and their branches, commodity, stock and currency exchanges;

- “Navoi MMC” and “Almalyk...

16.07.2019

US dollar, euro, rouble up against Uzbek soum

The Central Bank (CB) of Uzbekistan has established new exchange rates of foreign currencies for the purpose of accounting, statistical and other reporting on foreign exchange transactions, as well as calculation of customs and other obligatory payments, which will be effective from July 16, 2019.

In accordance with the CB report,...

The Central Bank (CB) of Uzbekistan has established new exchange rates of foreign currencies for the purpose of accounting, statistical and other reporting on foreign exchange transactions, as well as calculation of customs and other obligatory payments, which will be effective from July 16, 2019.

In accordance with the CB report,...

16.07.2019

Greenback unmoved as trade enters dog day season

The dollar was little changed to slightly higher on Monday in thin summer trading, with the greenback’s upside potential hampered by expectations the Federal Reserve will cut interest rates at next week’s policy meeting.

Investors expect the Fed to reduce its key rate by 25 basis points and make another cut...

The dollar was little changed to slightly higher on Monday in thin summer trading, with the greenback’s upside potential hampered by expectations the Federal Reserve will cut interest rates at next week’s policy meeting.

Investors expect the Fed to reduce its key rate by 25 basis points and make another cut...


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