The Ministry of Finance has issued a new general insurance license (non-life) to Aria Sugurta. It is believed to be part of the Akfa Group of companies.
https://mf.uz/en/news-mf-jx/item/1029-vydana-litsenziya-novoj-strakhovoj-kompanii.html
https://mf.uz/en/news-mf-jx/item/1029-vydana-litsenziya-novoj-strakhovoj-kompanii.html
mf.uz
New insurance company license issued - Ministry of Finance of the Republic of Uzbekistan
In accordance with the order of the Agency for the development of the insurance market under the Ministry of Finance of the Republic of Uzbekistan, "ARIA SUG'URTA TASHKILOTI" limited liabi...
Uzbekistan plans to build an e-commerce giant based on Uzbekistan Postal Service.
https://podrobno.uz/cat/economic/v-uzbekistane-na-baze-natsionalnoy-pochty-sozdadut-svoy-variant-kitayskoy-alibaba/
https://podrobno.uz/cat/economic/v-uzbekistane-na-baze-natsionalnoy-pochty-sozdadut-svoy-variant-kitayskoy-alibaba/
Podrobno.uz
В Узбекистане на базе Национальной почты создадут свой вариант китайской Alibaba
В Узбекистане на базе Национальной почты создадут свой вариант китайской Alibaba.
JSC Bukhara Tamirlash Mexanika Zavodi (BTMZ) announced the results of 2019:
* Total assets increased by 8.1% y-o-y and amounted 47.5 billion UZS;
* Total equity increased by 13.1% up to 33 billion UZS;
* Total liabilities decreased by 1.8% and equaled 14.5 billion UZS;
* Revenue decreased by 8.2% to 34 billion UZS;
* EBIT increased by 2.8% and equaled 8.2 billion UZS;
* Net profit decreased by 11.6% to 5.8 billion UZS;
* Estimated P/B ratio at the level of 5,300 UZS per share - 0.76
* Estimated P/E ratio at the level of 5,300 UZS per share - 4.3
* Total assets increased by 8.1% y-o-y and amounted 47.5 billion UZS;
* Total equity increased by 13.1% up to 33 billion UZS;
* Total liabilities decreased by 1.8% and equaled 14.5 billion UZS;
* Revenue decreased by 8.2% to 34 billion UZS;
* EBIT increased by 2.8% and equaled 8.2 billion UZS;
* Net profit decreased by 11.6% to 5.8 billion UZS;
* Estimated P/B ratio at the level of 5,300 UZS per share - 0.76
* Estimated P/E ratio at the level of 5,300 UZS per share - 4.3
JSC Dori-Darmon (ex DDAK) announced the results of 2019:
* Total assets decreased by 23.3% y-o-y and amounted 243.8 billion UZS;
* Total equity declined by 39.8% to 62.9 billion UZS;
* Total liabilities increased by 18% and reached 180.8 billion UZS;
* Sales decreased by 21.2% and amounted 57.1 billion UZS;
* EBIT equaled to 492 million UZS;
* Net loss amounted to 48 billion UZS;
* Estimated P/B ratio at the level of 4,300 UZS per share - 1.37
* Total assets decreased by 23.3% y-o-y and amounted 243.8 billion UZS;
* Total equity declined by 39.8% to 62.9 billion UZS;
* Total liabilities increased by 18% and reached 180.8 billion UZS;
* Sales decreased by 21.2% and amounted 57.1 billion UZS;
* EBIT equaled to 492 million UZS;
* Net loss amounted to 48 billion UZS;
* Estimated P/B ratio at the level of 4,300 UZS per share - 1.37
China Daily on Uzbekistan’s ancient cities along the Silk Road.
http://global.chinadaily.com.cn/a/202010/06/WS5f7bf381a31024ad0ba7d4c1.html
http://global.chinadaily.com.cn/a/202010/06/WS5f7bf381a31024ad0ba7d4c1.html
China Daily
A Silk Road pearl shines
The modern cities of Uzbekistan, a country steeped in history, sparkle under the bright sun like pearls scattered along the ancient Silk Road thousands of years ago.
“Golden crossover” has now happened in Uzbekistan - deposit rates had crossed the dividend yield curve and the spread between them is expected to continue to widen.
https://www.intellinews.com/afc-capital-uzbekistan-s-golden-cross-193522/
https://www.intellinews.com/afc-capital-uzbekistan-s-golden-cross-193522/
Intellinews
AFC CAPITAL: Uzbekistan’s “Golden Cross”
A “golden cross” is a chart technical analysis term in the investment industry referring to when the short-term moving average of a ...
Uzbekistan sold 31.7 tones of gold in August
https://www.reuters.com/article/gold-central-banks/central-banks-sold-gold-in-august-as-price-rally-stalled-idINL8N2GY28I
https://www.reuters.com/article/gold-central-banks/central-banks-sold-gold-in-august-as-price-rally-stalled-idINL8N2GY28I
U.S.
CORRECTED-Central banks sold gold in August as price rally stalled
The world's central banks sold more gold in August than they bought, the World Gold Council (WGC) said on Wednesday, ending a year and a half-long run of monthly gold accumulation and helping stall a rapid rise in gold prices.
Russian Gazprom didn't purchased natural gas in Uzbekistan at least in first half of 2020, while it was 3.3 billion c.m. in 1H2019
https://www.interfax.ru/business/730307
https://www.interfax.ru/business/730307
Интерфакс
"Газпром" полностью прекратил покупку газа в Узбекистане
"Газпром" с начала 2020 года (как минимум до конца июня) прекратил покупки природного газа в Узбекистане, сообщается в меморандуме нового выпуска еврооблигаций "Газпрома", основанного на данных за первые 6 месяцев 2020 года.
"Digital Uzbekistan 2030" strategy signed by President and will introduce sufficient measures for developing of IT infrastructure, especially in providing of state services. Within next three years it's planned to increase Internet connection of cities and villages to 95%, introduce 400 IT decisions and services in social sphere and other
https://lex.uz/pdfs/5031048
https://lex.uz/pdfs/5031048
IFC provided $60 million to SMEs in Uzbekistan during the 2020 fiscal year
http://www.uzdaily.com/en/post/60446
http://www.uzdaily.com/en/post/60446
UzDaily.uz
IFC Continues to Support Private Sector Development in Uzbekistan
IFC, a member of the World Bank Group, kept supporting private sector growth in Uzbekistan throughout the past year, helping to cushion the impact of the COVID-19 pandemic on businesses, while sustaining the economy and protecting jobs.
WB updated forecasts for Uzbekistan's economy:
- GDP growth forecasted at 0.6% in 2020, 4.8% in 2021 and 5.3% in 2022;
- Infltion rate keeps decreaseing to 12.9% in 2020 to 10.6% in 2021 and 8.9% in 2022;
- governmental debt to increase up to 38.3% of GDP until 2023;
https://openknowledge.worldbank.org/bitstream/handle/10986/34518/9781464816437.pdf
- GDP growth forecasted at 0.6% in 2020, 4.8% in 2021 and 5.3% in 2022;
- Infltion rate keeps decreaseing to 12.9% in 2020 to 10.6% in 2021 and 8.9% in 2022;
- governmental debt to increase up to 38.3% of GDP until 2023;
https://openknowledge.worldbank.org/bitstream/handle/10986/34518/9781464816437.pdf
Presystem Universal LLC announced planned sale of 4,979,306 ordinary shares or 1,38% of equity in JSCB Trastbank (TRSB) at 1,500 UZS per share. Latest market transaction with shares made at 7,200 UZS.
https://www.uzse.uz/boards/2130
https://www.uzse.uz/boards/2130
A budget of US$300 million has been set for the construction of three important road links.
https://www.worldhighways.com/wh8/news/uzbekistan-road-improvements-planned
https://www.worldhighways.com/wh8/news/uzbekistan-road-improvements-planned
World Highways
Uzbekistan road improvements planned
A series of key road improvements is planned for Uzbekistan.
A new fiber-optic cable production plant, built in Jizzakh region, plans to manufacture 50,000 km of cable in 2021.
https://www.telecompaper.com/news/global-optical-communication-uzbekistan-starts-building-cable-plant-in-jizzax--1356797
https://www.telecompaper.com/news/global-optical-communication-uzbekistan-starts-building-cable-plant-in-jizzax--1356797
Telecompaper
Global Optical Communication Uzbekistan starts building cable plant in Jizzax
Global Optical Communication Uzbekistan (GOC-UZ) has started construction of a fibre-optic cable production plant in the free economic area in the city of Jizzax. GOC-UZ is a joint venture by Korean companies Global Optical Communication Co Ltd, Uni Asset…
Over the next ten months Germany's Tractebel will be reviewing and preparing an assessment of the hydropower sector of Uzbekitan.
https://www.openpr.com/news/2151537/hydropower-masterplan-massive-potential-for-uzbekistan
https://www.openpr.com/news/2151537/hydropower-masterplan-massive-potential-for-uzbekistan
openPR.com
Hydropower masterplan: Massive potential for Uzbekistan
Uzbekistan s economy is growing and in parallel with that its energy consumption The government is therefore looking to invest in a reliable and sustainable power supply A number of hydropower plants are already in operation and more are to ...
Canadian Condor Petroleum to invest $1 billion into development of gas deposits in Gazli region
According to 2Q20 financial report, company have about $14.2 million of equity, $12.2 million of cash and $0.92 million of revenues for xix month of 2020
https://www.gazeta.uz/ru/2020/10/08/condor-petroleum/
According to 2Q20 financial report, company have about $14.2 million of equity, $12.2 million of cash and $0.92 million of revenues for xix month of 2020
https://www.gazeta.uz/ru/2020/10/08/condor-petroleum/
Газета.uz
Канадская компания инвестирует более $1 млрд в месторождения в Газли
Канадская Condor Petroleum планирует инвестировать более 1 млрд долларов в эксплуатацию газовых месторождений в Бухарской области.
Kursiv journal wrote about new listing requirement of RSE with comments from Avesta Investment Group
https://www.kursiv.uz/news/biznes/2020-10/birzha-toshkent-vvodit-novye-pravila-listinga
https://www.kursiv.uz/news/biznes/2020-10/birzha-toshkent-vvodit-novye-pravila-listinga
Fitch Ratings has affirmed Uzbekistan's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.
https://www.fitchratings.com/research/sovereigns/fitch-affirms-uzbekistan-at-bb-outlook-stable-09-10-2020
https://www.fitchratings.com/research/sovereigns/fitch-affirms-uzbekistan-at-bb-outlook-stable-09-10-2020
Fitch Ratings
Fitch Affirms Uzbekistan at 'BB-'; Outlook Stable
Fitch Ratings-London-09 October 2020: Fitch Ratings has affirmed Uzbekistan's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BB-' wit