Uzbekistan news for August 20, 2010

In this issue:

2 Corporate news
2 New joint venture producing speedometers founded in Navoi FIEZ
2 Central Bank suspends licenses of two credit unions
2 Uzagrosugurta undertakes insurance liabilities worth 409 trillion soums
2 Tayanch credit union's portfolio up 34% in 1H 2010
3 Industry news
3 Uzbek cars among bestsellers in Russia
3 Oil May Fall as Economic Recovery Slows, Stockpiles Climb, Survey Shows
4 Politics and Economics
4 Uzbekistan’s retail trade turnover reaches 9.588 trln soums in 1H
4 Volume of market services in Uzbekistan reaches 14.686 trln soums in 1H
4 Small Businesses Association to be created in Uzbekistran
4 Upcoming events
5 UzSE
6 Tenders list
7 Expert’s opinion
9 Corporate announcement
10 AFS Research productline
11 AFS Research services

Oil May Fall as Economic Recovery Slows, Stockpiles Climb, Survey Shows

Crude oil may fall next week on signals that the U.S. economic recovery is slowing, bolstering stockpiles, a Bloomberg News survey showed.
Seventeen of 44 analysts, or 39 percent, forecast crude oil will decline through Aug. 27. Fourteen respondents, or 32 percent, predicted that futures will increase, and 13 projected there would be little change. Last week, 56 percent of analysts forecast a drop.
 

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