ICD and JSC “Hamkorbank” sign US$12m agreement

Tashkent, Uzbekistan (UzDaily.com) — The Islamic Corporation for the Development of the Private Sector, the private sector arm of IDB Group, will provide US$12 million of financial resources to JSC “Hamkorbank” to finance SMEs in Uzbekistan.The document was signed during IDB 42nd Annual Meeting which took place in Jeddah, Saudi Arabia. The collaboration will focus

Business activity in Uzbekistan. January 2017.

In January 2017 index of business activity (IBA)calculated by the Center for Economic Research, comprised: · 1269 points, compared to January 2015 (the beginning of the evaluation of IBA for the new methodology – is 1,000 Index in January 2015), and increased by 26.9%. · 1166 points, as compared with January 2016 (16.6% growth). ·