Investor's Newsletter for January 2009: Uzbekistan

In this issue:

3 Laws & Legislations
3-4 Politics and Economics
3 Russia, Uzbekistan enjoy close stances on world issues
3 Uzbekistan approves agreement to avoid double taxation with Saudi Arabia
3 Over 90 billion sums spent in Surkhandarya in 2008 State program
4 Belarus President affirms economic cooperation agreement with Uzbekistan
4 Uzbek head: Crisis impedes possible uranium supplies to Russia
4 Uzbekistan offers up to 31 bln. cubic meters of gas to Russia
4 Uzbek government supports exporters
5 Banking
5 RAVNAQ-BANK's assets make up 18.04bn soums
5 Turon Bank's deposits reach 20bn soums
5 CBU replaces licenses of Ipoteka Bank, UzKDB Bank
5 Four banks become open joint-stock banks
5 Euroasia Insurance BDS Lising
5 InfinBank: new term deposits in foreign currency
5 HR News
6-7 Corporate News
6 Uzbekneftegaz increases production of gas, petroleum
6 Samarkand companies export over US$10 m-worth goods
6 Oxus Gold says Amantaytau operations on track
7 Uzbekistan to put into operation 7 new uranium deposits
7 Uzbektelecom, Afgan Telecom sign inter-operator agreement
7 UzCarlsberg to increase beer production in 2009
7 Uzkimyosanoat to spend US$291m to modernization
7 IPO and M&A news
8-9 UzSE & Last month market leaders
10 Tenders list