Finance and Investment

13.09.2019

Reducing VAT rate by 5% will cut revenues to the Uzbek state budget by 10 trillion soum per year

Reducing the rate of value added tax (VAT) by 5% will reduce revenues to the state budget by 10 trillion soums per year, which is about 2% of GDP, the Ministry of Finance reported. 

It was earlier reported that the head of state instructed the Ministry of Finance to develop concrete...

Reducing the rate of value added tax (VAT) by 5% will reduce revenues to the state budget by 10 trillion soums per year, which is about 2% of GDP, the Ministry of Finance reported. 

It was earlier reported that the head of state instructed the Ministry of Finance to develop concrete...

13.09.2019

Finance Ministry of Uzbekistan, Russian Federal Treasury sign cooperation plan for 2019-2020

A delegation of the Finance Ministry of Uzbekistan held meetings with the Federal Treasury of the Russian federation within the framework of the IV Moscow financial forum, the ministerial press service reports. 

The delegation of Uzbekistan was led by the Deputy Minister of Finance Shakhruh Sharakhmetov.

Since 2017, a Memorandum on technical...

A delegation of the Finance Ministry of Uzbekistan held meetings with the Federal Treasury of the Russian federation within the framework of the IV Moscow financial forum, the ministerial press service reports. 

The delegation of Uzbekistan was led by the Deputy Minister of Finance Shakhruh Sharakhmetov.

Since 2017, a Memorandum on technical...

13.09.2019

Uzbekistan’s state budget to be replenished with 16.5 trillion soum

At a press conference on September 11, Deputy Chairman of the Customs Committee of Uzbekistan Gafurjon Shukurov said that in 2019, it is planned to replenish the state budget with 16.5 trillion soum at the expense of customs duties. 

Shukurov noted that in January-August 2019, customs duties worth 9.9 trillion soum...

At a press conference on September 11, Deputy Chairman of the Customs Committee of Uzbekistan Gafurjon Shukurov said that in 2019, it is planned to replenish the state budget with 16.5 trillion soum at the expense of customs duties. 

Shukurov noted that in January-August 2019, customs duties worth 9.9 trillion soum...

13.09.2019

ADB assistance in financing projects through the issue of offshore bonds discussed

On 12 September 2019, a meeting was held at the Central Bank with an ADB delegation led by Treasurer Pierre Van Petegham, during which issues of expanding cooperation of the Republic of Uzbekistan in the issue of bonds in national currency on international capital markets were discussed.

During the meeting, the...

On 12 September 2019, a meeting was held at the Central Bank with an ADB delegation led by Treasurer Pierre Van Petegham, during which issues of expanding cooperation of the Republic of Uzbekistan in the issue of bonds in national currency on international capital markets were discussed.

During the meeting, the...

13.09.2019

Euro edges down following ECB intervention

The euro skidded below $1.10 on Thursday after the European Central Bank cut interest rates and unexpectedly relaunched a quantitative easing programme as well to boost the region’s economy.

Investors had expected a rate cut at Thursday’s meeting but there was some uncertainty as to whether policymakers would restart a QE...

The euro skidded below $1.10 on Thursday after the European Central Bank cut interest rates and unexpectedly relaunched a quantitative easing programme as well to boost the region’s economy.

Investors had expected a rate cut at Thursday’s meeting but there was some uncertainty as to whether policymakers would restart a QE...


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