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The Senate of Uzbekistan’s Oliy Majlis Convenes for Second General Session

The Senate of Uzbekistan’s Oliy Majlis Convenes for Second General Session The second plenary session of Uzbekistan’s Senate opened on May 15 in the city of Tashkent. It was attended by the invited members of the Cabinet of Ministers, heads of ministries and other government agencies, representatives of other organizations and mass media.

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In the coming years Uzbekistan intends to carry out a range of measures that would further enhance the financial stability and liquidity of commercial banks, and strengthen their resource capacity

The measures were developed by the Central Bank in cooperation with the Association of Banks and envisage the further streamlining of the regulatory requirements imposed on domestic banks in accordance with international norms and standards, including deposit and credit policies.

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President approves measures to ensure the protection of private property and remove business barriers to their rapid development

On May 15 the President of Uzbekistan signed a decree "On measures to ensure reliable protection of private property, small business and private entrepreneurship, remove barriers to their rapid development."

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Greeting Letters for President Islam Karimov

Congratulatory notes with sincere greetings and warm wishes to Islam Karimov on his election as President of the Republic of Uzbekistan during the vote that took place on 29 March 2015 are continuing to arrive from heads of state and government, international organizations as well as renowned public figures of foreign nations.

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Meetings in MFA

Minister of Foreign Affairs of Uzbekistan Abdulaziz Kamilov received the Principal Deputy Assistant Secretary of State of the United States of America Todd C. Chapman on 14 May 2015.

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Uzbekistan to introduce Basel III standards in 2015-2019

Uzbekistan is planning to introduce standards and recommendations of the Basel committee on banking supervision (Basel III standards) in 2015-2019.

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Capacity of Sebzor street grows to 9,800 cars an hour

Capacity of Sebzor street grew from 3,200 cars an hour to 9,800 cars an hour in the result of construction of the six-lane bridge at the cross roads of Sebzor and Abdulla Qodiriy streets in Tashkent.

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Uzbekistan plans to increase hydrocarbons production

Uzbekistan is planning to increase production of hydrocarbons almost by 2% by 2020 compared to 2014.

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