Finance and Investment

23.05.2019

Uzbekistan-based Ipoteka Bank affirmed At ‘B+/B’; outlook stable

S&P Global Ratings affirmed its ‘B+/B’ long- and short-term issuer credit ratings on Uzbekistan-based Ipoteka Bank. The outlook remains stable.

“The affirmation reflects our view that over the next 12-18 months Ipoteka Bank will maintain its solid market position and good asset quality, and will continue playing an important role for...

S&P Global Ratings affirmed its ‘B+/B’ long- and short-term issuer credit ratings on Uzbekistan-based Ipoteka Bank. The outlook remains stable.

“The affirmation reflects our view that over the next 12-18 months Ipoteka Bank will maintain its solid market position and good asset quality, and will continue playing an important role for...

23.05.2019

Greenback preserves strong position amidst US vague monetary policy

The U.S. dollar held near a one-month high on Wednesday amid heightened trade tensions between the United States and China and ahead of the release of Federal Reserve meeting minutes which may provide more clues on why the central bank stood pat on interest rates earlier this month.

At its May...

The U.S. dollar held near a one-month high on Wednesday amid heightened trade tensions between the United States and China and ahead of the release of Federal Reserve meeting minutes which may provide more clues on why the central bank stood pat on interest rates earlier this month.

At its May...

22.05.2019

Central Bank of Uzbekistan: Inflation rate in Q1 was lower than expected

During Q1 2019, the inflation rate in Uzbekistan was lower than expected and was influenced by seasonal factors from the supply of certain types of food, the expansion of the taxable base of VAT and a slight weakening of the national currency, the Central Bank report says.

The inflation rate was...

During Q1 2019, the inflation rate in Uzbekistan was lower than expected and was influenced by seasonal factors from the supply of certain types of food, the expansion of the taxable base of VAT and a slight weakening of the national currency, the Central Bank report says.

The inflation rate was...

22.05.2019

Citizens sold banks $612 million in Q1 2019

In Q1 2019, gross demand for foreign currency amounted to $2.7 billion, and the growth rate was 30.4% compared to the same period of the previous year, the press service of the Central Bank reports.

According to the regulator, in the reporting period, the volume of contributions by the Central Bank...

In Q1 2019, gross demand for foreign currency amounted to $2.7 billion, and the growth rate was 30.4% compared to the same period of the previous year, the press service of the Central Bank reports.

According to the regulator, in the reporting period, the volume of contributions by the Central Bank...

22.05.2019

Uzbek-Emirates Investment Company exempt from taxes for 10 years

A Presidential decree on measures to organize activities of the Uzbek-Emirati Investment Company has been adopted. This is reported by the Ministry of Justice.

The LLC Uzbek-Emirates Investment Company with an authorized capital of $10 million was established on March 24, 2019. It is envisaged that its authorized capital will be...

A Presidential decree on measures to organize activities of the Uzbek-Emirati Investment Company has been adopted. This is reported by the Ministry of Justice.

The LLC Uzbek-Emirates Investment Company with an authorized capital of $10 million was established on March 24, 2019. It is envisaged that its authorized capital will be...


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