Saturday, 18, January, 2025
Saturday, 18, January, 2025
The Binance cryptocurrency exchange will launch operations in Uzbekistan through a local partner, the National Agency for Prospective Projects (NAPP) said.
In 2024 the EBRD set an investment record in Uzbekistan by signing 34 projects the amount of €938 million (US$ 960 million). The country once again became the leading recipient of the Bank’s funding in Central Asia. 55 per cent of the Bank’s investments were supporting green economy projects.
The World Bank has released a new report providing an in-depth analysis of Uzbekistan's services sector, a key driver of economic growth. The report highlights the sector's challenges and opportunities, and recommends reforms required for its liberalization and modernization, leading to increased labor productivity, jobs, and investment, thereby contributing to sustained growth.
On January 9, 2025, at the Ministry of Health of Uzbekistan was held a ceremony of signing grant contracts within the framework of the Japanese Government’s "Grant Assistance for Grassroots Human Security Projects". H.E. Mr. Hatori Takashi, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Uzbekistan attended and signed the agreement.
On December 27, President Shavkat Mirziyoyev signed a decree extending the deadlines for privatization of several government-owned banks.
The European Bank for Reconstruction and Development (EBRD) will provide a $66.4 million in a loan to the National Electric Networks of Uzbekistan for a power transmission line (PTL) project, the EBRD’s press service said.
The World Bank has approved $3.5 million in financing for Uzbekistan in the form of a payment guarantee to support the country’s development of renewable energy. This support will secure the obligations of the state-owned National Electric Grid of Uzbekistan JSC to purchase electricity from a new 100-megawatt (MW) solar power plant to be constructed and operated by Voltalia (France) in the Khorezm province.
The Asian Development Bank (ADB) has been appointed as a transaction advisor to the Ministry of Preschool and School Education and the Ministry of Economy and Finance to support the delivery of high-quality preschool education via public–private partnerships (PPPs) in Jizzakh, Kashkadarya, Surkhandarya and Tashkent provinces in Uzbekistan. ADB is already providing similar advisory services for developing 100 preschools in the Samarkand province.
The National Agency for Perspective Projects (NAPP) issued order setting licenses fees for crypto asset circulation service providers Tuesday, the Ministry of Justice said.
President Shavkat Mirziyoyev at the government meeting on Monday instructed the Uzbek banks to increase the share of SMEs in their loan portfolio, presidential press service said.
The Asian Infrastructure Investment Bank (AIIB) has approved USD 250 million in financing to support the acceleration of Uzbekistan’s climate transition towards a green, inclusive, and resilient economy.
The BOD of the Central Bank decided to keepthe interest rate unchanged at 13.5 percentage points per annum at its meeting today.
President Shavkat Mirziyoyev got acquainted with the programs for the transformation of metallurgical enterprises and their plans for 2025 on Monday.
Uzbekistan ranks first in Central Asia and the Caucasus and 33rd in the world in the global crypto asset adoption index. This follows from a study of the digital financial assets (DFA) market conducted by RISE Research in conjunction with Freedom Horizons with the participation of KPMG Caucasus and Central Asia, Heemera, the Astana International Financial Center, the National Payment Corporation of Kazakhstan and Mastercard.
The Asian Development Bank (ADB) has approved a $250 million in a loan to support the Government of Uzbekistan’s efforts to strengthen the institutional framework for the climate transition and accelerate climate change mitigation action.
Governor of the Central Bank Mamarizo Nurmuratov commented the adoption of restrictions on online loans in Uzbekistan at a press conference on Firday.
According to the main scenario projections of the Central Bank, the volume of remittances to Uzbekistan will grow by 25-30% this year, by 9-11% in 2025, by 9-12% in 2026, and by 10-15% in 2027. In recent years, the depreciation of the ruble exchange rate has been cited as the main risk affecting the decrease in the volume of transfers.
The Central Bank at its BOD meeting today decided to keep the interest rate at 13.5% with an aim to curb inflation and achieve its target at 5% in the medium term, the press service of the Central Bank said in a report.
In January-September 2024, the volume of money remittances to Uzbekistan increased by 34.8%, to reach $11.62 billion (in nine months of 2023, it stood at $8.4 billion), the governor of the Central Bank Mamarizo Nurmuratov announced at a press conference today.
Share of cash in the total money supply decreased even more in January-September, the Central Bank said in a review on cash circulation.