Finance and Investment

09.06.2023

Debt of legal entities on loans in foreign currency in EAEU decreases in 1Q 2023

According to the results of the first quarter of 2023, in the countries of the Eurasian Economic Union, there is a decrease in the debt of legal entities on loans in foreign currency and an increase in debt on loans in the national currency compared to the same period in...

According to the results of the first quarter of 2023, in the countries of the Eurasian Economic Union, there is a decrease in the debt of legal entities on loans in foreign currency and an increase in debt on loans in the national currency compared to the same period in...

09.06.2023

Head of International Monetary Fund names three drivers of economic growth in Uzbekistan

IMF Managing Director Kristallina Georgieva took part in an informal dialogue at the Central Bank of Uzbekistan. She positively assessed the economic prospects of Uzbekistan in the medium term. The head of the IMF identified three drivers of economic growth.

The first driver is the implementation of reforms in the past....

IMF Managing Director Kristallina Georgieva took part in an informal dialogue at the Central Bank of Uzbekistan. She positively assessed the economic prospects of Uzbekistan in the medium term. The head of the IMF identified three drivers of economic growth.

The first driver is the implementation of reforms in the past....

09.06.2023

It becomes more difficult for Russian companies to purchase foreign electronics

Russian companies are facing blocking payments for electronic equipment through banks in a number of friendly jurisdictions. According to sources in the electronics market, financial institutions in Armenia, Kazakhstan and Hong Kong have often blocked transactions from legal entities from Russia under the TN VED code 8542 over the past...

Russian companies are facing blocking payments for electronic equipment through banks in a number of friendly jurisdictions. According to sources in the electronics market, financial institutions in Armenia, Kazakhstan and Hong Kong have often blocked transactions from legal entities from Russia under the TN VED code 8542 over the past...

09.06.2023

Banks of Uzbekistan report results of 1Q 2023

Spot got acquainted with the financial statements of banks in Uzbekistan for the first quarter of 2023 and found out that almost all of them approached April in positive territory.

Many banks are state-owned and in fact are more development organisations than financial companies. They receive extensive support from the state,...

Spot got acquainted with the financial statements of banks in Uzbekistan for the first quarter of 2023 and found out that almost all of them approached April in positive territory.

Many banks are state-owned and in fact are more development organisations than financial companies. They receive extensive support from the state,...

09.06.2023

Uzbek Central Bank sets USD exchange rate at 11,453.01 soum

As of June 7, the dollar exchange rate on the currency exchange slightly decreased, to 11,453.01 soum (-9.21). At the same level, the cost of the American currency was set by the Central Bank.

Commercial banks of Uzbekistan buy American currency at 11,405–11,460 soum. They sell for 11,465–11,520 soum.

Futures on the...

As of June 7, the dollar exchange rate on the currency exchange slightly decreased, to 11,453.01 soum (-9.21). At the same level, the cost of the American currency was set by the Central Bank.

Commercial banks of Uzbekistan buy American currency at 11,405–11,460 soum. They sell for 11,465–11,520 soum.

Futures on the...


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