Banks are obliged to provide the consumer or his authorized representative with one original copy of the agreement on the day of signing the agreement on banking services, as well as to disclose complete and reliable information about the services…
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Why GDP goes up but life quality goes down?
For many years, economists have measured the progress of peoples ‘ development by GDP growth, believing that if the aggregate of end-use products created in society is greater, then the nation will live better. However, the size and rate of…
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Uzbekistan: foreign brokers must have local offices or partners to issue Eurobonds of Uzbek issuers
Foreign investment banks “will have to open a representative office in Uzbekistan or find a licensed local partner” and create a consortium with it, according to new rules that could be approved as early as this month, Bahadir Abibullayev said.
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National Bank of Uzbekistan to be reformed
The Bank will be transformed from a State Unitary Enterprise (SUE) into a joint stock company (JSC). Due to this, in the future it will be possible to attract investors in the development of the Bank, as the State Unitary…
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Global debt could reach $255 trillion by year-end
The total debt of states, companies and the population today is estimated at $250 trillion. This amount is almost three times the size of global GDP, and if you divide it among all the men, women and children living on…
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Abdulla Abdukadirov: Uzbekistan`s main rate will not go down
In conclusion, Abdulla Abdukadirov noted that taking into account the state of execution of the state budget this year and the planned changes in the field of state borrowing and fiscal policy, the probability of reducing the main rate is…
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Abdulla Abdukadirov: Pros and cons of listing international bonds by Uzpromstroybank
According to the economist, entering the international borrowing market is certainly a positive signal of confidence in our economy. But borrowing, in general, can turn into problems if the funds are spent inefficiently.
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Uzbek Central Bank moves to inflation targeting and says good bye to preferential interest rates
The document was adopted in order to expand the use of market mechanisms and instruments of economic regulation to ensure macroeconomic stability, as well as to radically improve the effectiveness of monetary policy.
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Uzbekistan plans to sell shares in Uzbekneftegaz and NMMC – Reuters
Uzbekistan may soon sell shares of a number of major state-owned companies, including the energy company Uzbekneftegaz and Navoi Mining and Metallurgical Plant, said Reuters citing a statement by S. Bekenov, Director of the Agency for State Assets Management.
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Best Finance Minister of 2019, Jamshid Kuchkarov: Inflation this year can be quite high
Minister of Finance of the Republic of Uzbekistan Jamshid Kuchkarov during the discussion of the draft “On State Budget for 2020” said that inflation this year may be quite high.
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