Useful articles

NEW YORK, March 24, 2011 — Global Finance magazine has named the “Best Emerging Market Banks in Asia” in an exclusive survey to be published in the May 2011 issue. Global Finance editors—with input from industry analysts, corporate executives and banking consultants—selected the best emerging market bank in the region and in 20 countries. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

“We remain in an unusually challenging environment for banks and their customers,” says Joseph Giarraputo, publisher of Global Finance. “More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence.”

Projects to be implemented under Investment Programm of the Republic of Uzbekistan for 2010, adopted by Resolution of the President of the Republic of Uzbekistan - PD-1455.

UK Government introduces visa rules to fast-track settlement for high-value investors and entrepreneurs.

The tax policy in Uzbekistan has become an effective lever for the accelerated development of small businesses and private entrepreneurship in the country.
This was stated at a press conference organized for national and international media.
 

The Economist’s analytical division - Economist Intelligence Unit - a respected British magazine has published a list of countries economies of which will grow at the fastest pace in 2011.
 

The history of Uzbek arts and crafts lasts for many centuries, and as result our country has developed truly unique artistic tradition. Almost all types of crafts existed in Uzbekistan since ancient times. Even in the deep ancientry the people living in Central Asia burned clay, drew on the bones, created hardware, weaved carpets and fabrics to decorate their homes and clothes.
The Great Silk Road immensely contributed to the wide international recognition of Uzbek folk crafts. For many centuries caravans were carrying goods between the West and the East through the territory of the present-day Uzbekistan. A substantial part of these goods was produced by the craftsmen. In the 7th century in his "Records of the travel to the Western regions" the Buddhist monk Xuan Zang noted that "Samarkand craftsmen were much more skillful than the craftsmen from the other countries".
Eventually, the unique Uzbek art schools had appeared, where each craft center was developing its own style and original design and technology. Rishtan ceramics, Urgut embroidery, Bukhara golden sewing, Margilan satin, Karakalpak and Khorezm jewelry, Chust scull-caps, Pap encrusted knives became famous.
 

In terms of the UZEX trading volume, the past week has been one of the most successful periods since the beginning of the year.
In particular, the goods turnover has made 72,1 bln Uzbek soums in the UZEX Unified Electronic System of Trading (versus 52,3 bln Uzbek soums within the previous week). This is the second highest average weekly result over the past months. The historical maximum (72,7 bln soums) was registered during the trading period from August 9 throughout August 13, 2010.
 

In this review we provide extensive coverage of changes in retail consumer prices in Uzbekistan.
Review includes the following categories of common consumer expenditures:
Consumer food products, consumer non-food products, services, tariffs on travel and transportation, retail prices for gasoline and diesel, financial indicators.
 

By the results of stock trades on Republican stock exchange «Toshkent» (UZSE) on 23 August– 27 August the volume of deals with shares increased in sum terms by 1.3 times comparing to the previous period and made 204.2 mln. sum (USD 126.7 th. CBU rate).

There was no repo deals this week.

Total volume of deals with shares increased by 1.3 times comparing to the previous period and made USD 126.7 th. CBU rate.

Volume of deals with shares of banks made up 119.9 mln. sum (USD 74.4 th. CBU rate).

Leader in terms of volume in banking sector for the period was shares of Hamkor Bank. Total volume of deals made up 119.6 mln. sum (USD 74.2 th. CBU rate).

Among other traded shares of last period there were shares of Hamkor bank and Ipoteka bank.

Education is a factor of utmost importance for human development and it plays a core role in tackling fundamental challenges facing mankind. Statistical data confirms that the poverty level in a country is directly correlated with its level of education.
Poorer countries have less financial resources to spend on education. In turn, the level of education influences the country’s capacity to increase its labor productivity and the creative abilities of its population, and consequently the level of economic development. Currently, all over the world, the most competitive economies are focused on “building and selling knowledge” and the creation of products with high added value.