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Signing of the memorandum of cooperation between the Competition Policy and Consumer Rights Research Center and Tashkent State University of Law
As part of the implementation of the Decree of the President of the Republic of Uzbekistan No. PF -5987 , which is aimed at improving legal education and introducing best practices into the country's legal system, on January 22, 2025, a memorandum of mutual cooperation was signed between the Competition Policy and Consumer Rights Research Center under Competition Promotion and Consumer Protection Committee of the Republic of Uzbekistan and Tashkent State University of Law. The document was signed by: On behalf of the Competition Policy and Consumer Rights Research Center – Director of the Center, Olimjon Sadulloyevich Jumaev. On behalf of Tashkent State University of Law – Rector Rustambek Islombekovich. The purpose of signing the memorandum is to develop cooperation in the field of competition policy research, consumer protection and improvement of educational processes in the field of jurisprudence. The parties agreed to jointly implement initiatives aimed at improving the legal framework, increasing the level of consumer protection and developing competition in Uzbekistan. The signing of the memorandum opens up new opportunities for the exchange of experience between academic circles and government agencies , which, in turn, will help strengthen consumer protection, create a healthy competitive environment and improve the level of legal education in the republic.
Regulation of the installment market
Uzbekistan is analyzing the possibility of obliging organizations that provide loans for the purchase of consumer goods with subsequent payment in installments to transfer information about these installments to credit bureaus. This is due to the fact that the debt attracted by buyers remains outside of bank regulation, so they do not have the necessary information about the real credit load of the consumer in case of granting him a loan or microloan. In world practice, if an installment is granted for a period of more than one year and if there is a difference between the amount of the installment and the final payment, it falls under state regulation. The KPMG study indicated that in 2023 the market of POS-financing (payment after receipt of goods) and installment payments in Uzbekistan is estimated in the range of USD 450-500 million.
Apple named most expensive brand in the world
Apple is the world's most valuable brand for 2025, a testament to its ability to balance global reach and investment. The “Brand Finance” platform estimates Apple's brand value at $574.5 billion. According to Brand Finance research, on average, more than 80% of consumers are familiar with the brand in all markets studied, and 45% of consumers would consider using Apple-branded products or services. Apple, whose cross-country reputation score is 7.7 points, is the brand with the highest reputation according to research in several markets among consumer electronics brands. As the company overcomes regulatory challenges and develops new niches, its unique value proposition will remain central to its sustainability.
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