Uzbekistan will establish a center to assist businesses in accessing international financial markets.
The President urged businesses to seek resources from abroad, looking beyond just bank loans.
07:34, 21 Dec
According to the CEIR, the average rental price for housing in Tashkent has decreased by over 10%.
In the capital, the average rental price for housing has decreased by 10.7% compared to last year. The most significant price drops over the year were observed in the Uchtepa district (down by 14.5%), Yashnabad district (down by 14.3%), and Yunusabad district (down by 13.8%). This information is provided by the Center for Economic Research and Reforms following their analysis of the residential real estate market.
09:45, 19 Dec
Umid Abidkhojaev and Ilkhom Umrzakov have been appointed as Deputy Ministers of Economy and Finance.
New leaders have also been appointed to the Treasury Service Committee and the Pension Fund.
07:34, 18 Dec
Utility bills and taxes will now be considered in the credit history of bank customers.
State banks have been tasked with establishing microfinance and factoring institutions.
07:34, 17 Dec
In November, the Central Bank imposed penalties on eight banks.
In November of this year, the Central Bank of Uzbekistan imposed penalties on 8 banks, 7 payment organizations, and 12 microfinance institutions. This information was provided by the press service of the financial regulator.
09:45, 15 Dec
How did food prices change in December?
In December 2024, experts from the Institute of Macroeconomic and Regional Studies under the Cabinet of Ministers of the Republic of Uzbekistan (IMRI) conducted another monitoring of food prices for 21 items in the largest supermarkets in Tashkent.
09:45, 14 Dec
Ministry of Economic Development: Starting in 2025, school textbooks will be provided for free.
The Ministry of Economy and Finance has addressed the circulating information online regarding the return of rental fees for school textbooks in the upcoming year.
09:45, 13 Dec
The Central Bank has maintained the key interest rate at 13.5% per annum.
The Central Bank of Uzbekistan has maintained its key interest rate at 13.5% per annum. This decision was made on Thursday, December 12th.
09:45, 12 Dec
The President of Uzbekistan has outlined goals to boost employment and foster the development of new industries in the Navoi region.
On December 7, President Shavkat Mirziyoyev of the Republic of Uzbekistan held a meeting to discuss the effective utilization of additional resources in the Navoi region, strategies for increasing employment levels, and attracting investments.
09:45, 08 Dec
The official exchange rate of the tenge set by the Central Bank has hit a two-year low.
Kazakhstan's authorities attribute the weakening of the national currency to the strengthening of the dollar, fluctuations in oil prices, and the volatility of the ruble.
07:34, 03 Dec
In the past 10 months, Uzbekistan has received remittances totaling $12.6 billion.
The volume of money transfers to Uzbekistan from January to October 2024 reached $12.6 billion, marking a 34% increase compared to the same period last year. This information is derived from the Central Bank of the country's brief overview of currency operations conducted by individuals.
13:54, 01 Dec
The Central Bank clarified how many bank cards one citizen can open.
The Central Bank of Uzbekistan has addressed reports regarding restrictions on the number of bank cards that can be issued to a single individual.
09:44, 30 Nov
How the official exchange rate of the dollar changed in November.
The Uzbek som has been gradually depreciating for the fourth consecutive month. In November, the national currency lost 90 soms, marking a 4.26% decline since the beginning of the year.
07:34, 29 Nov
The Central Bank's exchange rate for the ruble has dropped to its lowest level since March 2022.
The official exchange rate of the tenge has dropped to levels not seen since spring 2023, falling below 25 soms.
07:33, 29 Nov
Uzbekistan's currency exchange data is now accessible on Bloomberg.
Bloomberg clients can access quotes and indicators for the currency and money markets.
07:34, 28 Nov
The official exchange rate of the ruble has dropped to its lowest point in the past 15 months.
Since June 20, the Russian currency has depreciated by over 20% and is currently trading at around 120 soms.
07:34, 28 Nov
The draft budget for citizens for 2025 has been released. What are the key highlights?
A reduction in the deficit to 3% of GDP is anticipated due to relatively low growth in expenditures.
07:34, 23 Nov
The Tashkent Stock Exchange has integrated its IT infrastructure with Bloomberg.
Quotes, order books, and key metrics will be transmitted in real-time.
07:33, 23 Nov
For the first time in a year, the official exchange rate of the dollar has surpassed 100 rubles.
Since June 20, the Uzbek som has strengthened against the Russian ruble by over 15%. The exchange rate set by the Central Bank is at its lowest level since October 23, 2023.
07:33, 20 Nov
The Global Green Growth Institute will provide Uzbekistan with a grant of $6.5 million.
France will allocate $200,000 for a report on Sustainable Development Goals across various regions.
07:33, 17 Nov
The EBRD may allocate up to $200 million to Uzbekistan for green growth initiatives.
The UN will also secure $400,000 for the "just" energy transition program.
07:34, 16 Nov
What is the current state of Uzbekistan's automotive market? Insights from the CEIR study reveal key findings and trends.
In October, the automotive market in Uzbekistan experienced a notable decline in activity, particularly in the passenger car segment, where annual sales figures saw a significant drop. In contrast, the electric vehicle segment is showing growth.
09:44, 15 Nov
Used cars are becoming cheaper in Uzbekistan, according to research findings from IMRI.
The Institute of Macroeconomic and Regional Research under the Cabinet of Ministers (IMRI) conducted an analysis of car prices in Uzbekistan's secondary market based on the results from October.
09:45, 13 Nov
Masdar will build a 1,000 MW wind power plant in Uzbekistan.
At the COP-29 conference taking place in Baku, the capital of Azerbaijan, the Ministry of Energy of Uzbekistan and Masdar (UAE) have signed a contract for the construction of a 1000 MW wind power plant in the Uchquduq district of the Navoi region, as reported by UzA.
09:45, 13 Nov
In October, the Central Bank purchased foreign bonds worth $65 million.
The volume of securities in the regulator's international reserves has tripled, surpassing $100 million.
07:35, 09 Nov
Trump's victory generated $64 billion in profits for the world's ten richest individuals, according to Bloomberg.
The primary beneficiary was Elon Musk, whose fortune increased to $290 billion in just one day.
07:34, 08 Nov
In October, the volume of securities in the Central Bank's international reserves tripled.
The press service of the regulator, Spot, announced that the sharp increase in value is attributed to the purchase of additional bonds.
07:34, 08 Nov
Uzbekistan's currency sales by its citizens surpassed purchases by $4.8 billion, according to the Central Bank.
Since the beginning of the year, foreign direct investment has increased by 1.6 times, reaching $8 billion.
07:34, 05 Nov
"We have overly liberalized online banking," stated Mamarizo Nurmuratov.
The Central Bank intends to maintain the recently implemented restrictions on the issuance of online loans beyond April 2025.
07:34, 05 Nov
In December, testing will commence for Uzbekistan's first energy storage system.
In Fergana, the first energy storage facility in Uzbekistan is being constructed, marking a significant advancement towards establishing a 150 MW energy storage system. This unique project is being implemented by the Chinese company China Gezhouba Group Overseas Investment Co., Ltd., which has made direct investments of $144 million. The company has already proven its expertise in over 30 countries, focusing on electricity generation and the construction of alternative power plants.
09:45, 01 Nov
