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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
Regulation of the installment market
Apple named most expensive brand in the world
WB: Uzbekistan needs to reduce the influence of monopolies.
China's antitrust regulator tighten control in 2025
China's State Administration for Market Regulation (SAMR) has announced that it will tighten control of international affairs and cross-border acquisitions in the semiconductor sector in 2025. In December, 2024 SAMR also announced an investigation into Nvidia chipmaker company for allegedly violating China's antitrust laws and failing to honor commitments made when it bought Israeli switch and network adapter maker Mellanox Technologies for USD 6.9 billion. Beijing approved the deal on the condition that Nvidia not discriminate against Chinese companies. SAMR also added that on 2025 it plans to tighten measures to combat irrational competition in the solar energy sector, as well as in electric vehicles and lithium batteries.
Humo's payment system will be privatized.
“National Interbank Processing Center” JSC will be privatized by “Paynet” JSC. The amount of the transaction, according to the results of the bidding, amounted to $65 million, and the consultant for privatization was the international company “Deloitte”. At the same time JSC “Paynet” undertook obligations to implement measures aimed at maintaining and ensuring stable and uninterrupted operation of the payment system “Humo”, as well as the protection of confidential information of system users. The results of privatization were approved by the decision of the State Commission for Privatization and Coordination of Privatization of State Assets.
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.
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