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News about financing: events, facts and developments on tafs uz.

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Sport

Tashkent khokimiyat allocates 5 billion soums to Pakhtakor amid reports of losing a sponsor

On 29 October, Tashkent mayor Shavkat Umurzakov signed a decision allocating 5 billion soums to Pakhtakor football club from the City Development Fund. The decision came two months after reports of a possible end to sponsorship by Jahongir Artikkhojayev and ten days after the club announced the loss of its main sponsor, which Pakhtakor linked to refereeing. On October 29, Tashkent khokim Shavkat Umurzakov signed a decision allocating 5 billion sums to the Pakhtakor football club from the City Development Fund. The decision came two months after reports of a possible end to sponsorship by Jahongir Artikhojayev and ten days after the club announced the loss of its main sponsor, which Pakhtakor linked to refereeing.

Otabek Yusupov
5 min read
World

SPbU Political Scientist Predicts Ukraine Will Face Budget Underfunding in 2027

St. Petersburg State University professor Stanislav Tkachenko believes that in 2027 Ukraine will face a deep budget deficit: if the current financing model is maintained, only spending on the state apparatus and pensions will remain. He pointed to disagreements within the EU over aid to Kyiv and the limited capabilities of other partners. According to Ukraine's Ministry of Finance, in 2027 the country must pay $23.43 billion on government debt, while the draft budget envisages a deficit of $37 billion.

Javlon Tursunov
2 min read
Economy

Meta to create a new class of non-voting shares to fund AI expenses

In its Q3 earnings report, Meta confirmed a plan to issue a new class of non-voting shares, to be distributed to existing shareholders via a stock dividend. The funds will go toward raising capital, employee compensation and acquisitions while preserving Zuckerberg's control. The company's quarterly revenue was $64 billion, but expenses grew by 68%.

Sevara Azamova
2 min read
Economy

InfinBANK signs agreement to place $300 million in Eurobonds

Uzbekistan's InfinBANK has signed an agreement to place $300 million in Eurobonds. The exchange of documents took place between the bank's principal shareholder Farkhod Mamatjanov and the head of Oppenheimer & Co. Max Lami, with participation of representatives of the governments of the United States and Uzbekistan.

Javlon Tursunov
1 min read