REFORMS

Since the beginning of income tax reforms in early 2019 in Azerbaijan, there has been an increase of up to 283,000 in the total number of employment contracts, including an increase of more than 233,000 in the number of employment contracts in the non-oil private sector, referring to Azerbaijani Economy Minister Mikayil Jabbarov’s message on Twitter.

Source: https://en.trend.az/business/finance/3544081.html 

Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov met with World Bank (WB) Regional Director for South Caucasus Sebastian Molineus, Trend reports on March 31 with reference to the CBA.

WB Country Manager for Azerbaijan Sarah Michael also took part in the meeting.

Rustamov stressed the importance of long-term cooperation with the WB in the field of socio-economic development of Azerbaijan.

Uzbekistan Reforms its National Bank for Foreign Trade (Uznatzbank) in accordance with a Decree of the President of the Republic (http://uza.uz/ru/documents/o-merakh-po-preobrazovaniyu-unitarnogo-predp… ).

Uzbekistan will use Eurobonds as a tool for positioning and valuing the country on the international market, said the head of the International Finance Corporation's representative agncy in Tashkent, Zafar Khashimov, at the presentation of the report on the diagnosis of the private sector in Uzbekistan on February 18, 2019.

Korzinka.uz founder - Zafar Khashimov, comments on the statement of investment adviser Rainer Michael Price that after issuing Eurobonds, Uzbekistan may be in crisis in emerging markets.

The entrepreneur called this “utter nonsense” and noted that bonds for $ 300 million and even several times more, could do nothing for the Uzbek economy in either a positive or a negative direction.