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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
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.
Tenders worth 7.2 billion soums were canceled voluntarily
Competition Promotion and Consumer Protection Committee regularly monitors compliance with the requirements of the legislation in procurement carried out by government customers in the regions of our republic (Bukhara, Fergana, Andijan, Jizzakh, Navoi, Namangan, Syrdarya, Tashkent regions and the Republic of Karakalpakstan) based on the information and applications received. on a special information portal.Including, In the case of the Bukhara region210 million soums from the Zhandorsky district medical association;Using the example of the Fergana region2 units worth 340 million soums from the Kuva district medical association;In the case of the Andijan regionThe Academic Lyceum at the Andijan State Medical Institute has about 212 million soums;Using the example of the Jizzakh regionMore than 318 million soums from the Jizzakh branch of the Republican Center for Emergency Medical Care;In the case of the Republic of KarakalpakstanMFU "Kum aul" of the city of Nukus has about 257 million soums;In the case of the Syrdarya region3 State Enterprise "Saykhunabad District Road Maintenance Enterprise" for about 4.2 billion soums;In the example of the Navoi region3 sports schools in sports and athletics under the Navoi Regional Department of Youth Policy and Sports worth 1.1 billion soums;In the case of the Namangan regionMore than 309 million soums from the Namangan District Department of Preschool and School Education;In the case of the Tashkent regionBekabad City Department of Preschool and School Education has been allocated about 283 million soumsDuring the tender for the selection of the best offers, non-compliance with the requirements of the Law "On Competition" was revealed, that is, actions were identified that limited or could lead to a restriction of competition in the tender. Also, in the analyzed public procurements, violations of the requirements of the relevant article of the Law "On Public Procurement" were found. As a result of the inspection by the Competition Promotion and Consumer Protection Committee , in order to eliminate the above violations, the tenders were voluntarily cancelled by the customers.
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