Uzpromstroybank’s project "Development and implementation of a budgeting system" in the "SAP Quality Awards" competition, held among the CIS countries, was recognized as the winner in the "Digital Evolution" nomination.
The State Tax Committee of Uzbekistan has developed a draft regulatory legal act providing for the establishment of a mandatory requirement for the annual submission of income and asset declarations by tax officials.
The process of assigning state pensions is being simplified and the system for delivering pensions and benefits will be improved. This is stipulated by the presidential decree "On measures to further simplify the process of assigning state pensions and improve the system for delivering pensions and benefits to citizens."
As part of comprehensive financial sector reforms, the Central Bank of the Republic of Uzbekistan, with technical assistance from World Bank experts, initiated a multi-stage transformation program to expand its supervisory capabilities using innovative technologies and SupTech solutions.
In the first quarter of 2021, foreign companies providing electronic services paid 4.3 billion soums to the state budget of Uzbekistan as value added tax (VAT). This was reported by the State Tax Committee.
On 27 April, the JP Morgan Development Finance Institution (JP Morgan DFI) published its 2020 annual report. This report also specifies the first issuance of local currency denominated Eurobonds of the Republic of Uzbekistan, which was issued on 19 November 2020 with "Development Finance Qualification". According to the assessment, it is marked as an international transaction with a "high level" of influence on development.
In April 2021, goods and services in the consumer market of Uzbekistan increased on average by 1.5%, the State Statistics Committee of Uzbekistan said.
The collected insurance premiums by insurance companies of Uzbekistan in 2020 amounted to 2.34 trillion. soums. This was reported by the State Statistics Committee of Uzbekistan.
The Bank of Russia and the Agency for the Development of the Capital Market of the Republic of Uzbekistan on 23 April 2021 signed an Agreement on the procedure for interaction between the Central Bank of the Russian Federation and the Agency for the Development of the Capital Market of the Republic of Uzbekistan on the placement and circulation of securities.
As of 1 April 2021, the total number of recipients of pensions and benefits in Uzbekistan reached 3.9 million people. This was announced by the executive director of the off-budget pension fund Abdulaziz Khaydarov.