News
Humo's payment system will be privatized.
The Central Bank has introduced a limit on the number of bank cards
JSC Uzbekistan Railways increases ticket prices for regular (sleeper) passenger trains
Deutsche bank and Rabobank hit with EU antitrust charge over bond cartel
Attracting PayPal, Google Pay and Apple Pay to Uzbekistan
In Uzbekistan, it is planned to launch payment services PayPal, Apple Pay , Google Pay and others. The Central Bank of the Republic was instructed to hold negotiations with these companies by the end of this year and establish their integration with the payment systems of Uzbekistan. This is provided for by the Cabinet of Ministers Desicion of September 18 on the effective use of the country's tourism potential. According to the Desicion, in order to create favorable conditions for tourists and form effective business processes by the end of 2024, the Central Bank, together with the Ministry of Digital Technologies and the Tourism Committee, must hold negotiations with international payment companies PayPal, Alipay , UniPay , Apple Pay and Google Pay and establish their integration with payment systems and banking services in Uzbekistan.
M/A in the energy sector
The world energy sector saw merger and acquisition activity in 2024, driven by changing market dynamics and strategic shifts. Although total deal value declined to $26 billion from $60 billion in 2023, 2024 stood out for notable consolidations and acquisitions. Significant deals included major players such as Diamondback Energy, ConocoPhillips, EQT Corporation, Expand Energy, and Sunoco LP, demonstrating the sector's strategic focus on growth and efficiency. Looking ahead to 2025, the energy market is set for further transformation, with geopolitical uncertainties, regulatory changes, and technological innovations likely to present new opportunities and challenges for the entire industry.
A roundtable discussion was held on the topic of anti-corruption compliance.
In accordance with the approved annual internal audit plan for 2024 of the Committee for Competition Development and Consumer Protection of the Republic of Uzbekistan, starting from December 10 of this year, a comprehensive study of the activities of the Kashkadarya Regional Department, provision of practical assistance and elimination of deficiencies in the course of work is being carried out. At the same time, the head of the Internal Audit, Anti-Corruption and Law Enforcement Practice Department of the Committee A. Khakimov held a round table on the topic "Compliance with anti-corruption legislation by employees of the system". During the round table, the main causes, mechanisms and phenomena of corruption, international foundations, tools, interrelated topics, conflicts of interest: definitions, examples, practical research, as well as human resources and risk management were discussed.
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