Monthly review for August 2009: Uzbekistan

In this issue:

2 Laws & Legislations
2-3 Politics and Economics
2 Moody's outlook for Uzbek banking system is negative
2 Uzbekistan sets new import duties for vehicles
3 Senate adopts amendments to Tax Code on gas PSA
3 Uzbekistan introduces new import duties
3 Uzbekistan utilizes investments for 6.026trln soums in 1H
4 Banking
4 Uzbekistan-based Halk Bank ‘B/B’ ratings assigned; outlook stable
4 Fitch affirms Uzbekistan’s OJSCB "Hamkorbank" at ‘B-’; outlook stable
4 Kapitalbank outlook revised to negative on diminishing cash flows in core transfer business
4 Uzbek President binds commercial banks to issue bonds for the total value of 110 billion sums
4 Agrobank's aggregate capital up by 31%, assets by 35% in 1H 2009
5 HR News
5-6 Corporate News
5 GM Uzbekistan increases car output by 0.2% in 1H
5 Navoi mining-and-metallurgical integrated works to invest US $53
million into gold ore processing
5 Revenue of Uzbektelecom increases by 15.8% in 1H
5 MAN Nutzfahrzeuge, Uzavtosanoat create venture in Samarkand
6 Development of Nishan gas condensate field starts in Uzbekistan
6 Uzbekiston Temir Yollari to modernize casting and mechanical plant
6 Uz-SeMung’s net income makes up 2.1bn soums in 2008
6 IPO and M&A news
6 Upcoming events
7-8 UzSE & Last month market leaders
9 Tenders list
10 AFS-Research news