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The Central Bank has introduced a limit on the number of bank cards
The Central Bank has introduced a limit on the number of bank cards issued to one person. Reported, that temporary rules to be in effect from January 1 to December 31, 2025. Earlier, the regulator announced the establishment of a limit of 20 cards per person, including virtual and co-branded cards. At the same time, no more than 5 bank cards can be opened in one bank. It is supposed, that restrictions will optimize banks' work in issuing cards and strengthen control over their use. After completing the development of the initiatives, the Central Bank plans to submit it for discussion with the public and the media.
JSC Uzbekistan Railways increases ticket prices for regular (sleeper) passenger trains
JSC Uzbekistan Railways announced an increase in the price of regular (sleeper) passenger trains by 10.5% of the tariff part of the ticket price from February 1, 2025. The increase is explained in the announcement of the joint-stock company as the need to partially cover the costs of passenger transportation by rail, infrastructure, electricity, fuel, and transportation costs, as well as the renewal of the fleet of passenger cars, improve the operation of railway stations in accordance with new modern requirements, and ensure high-quality service for passengers.
Deutsche bank and Rabobank hit with EU antitrust charge over bond cartel
Reuters reports that the EU antitrust regulator has accused Deutsche Bank and Rabobank of participating in a cartel in the government bond market. According to the watchdog, the two banks coordinated prices and trading strategies on sovereign, government-backed, and government-guaranteed Eurobonds between 2005 and 2016. The European Commission has sent both banks a corresponding indictment. The regulator can fine the companies up to 10% of their global turnover for violating antitrust laws. Before the European Commission decides, the banks can defend themselves in closed hearings and writing. In recent years, the European Commission has fined more than a dozen banks millions of euros for falsifying benchmark indices and participating in cartels.
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