Tashkent, Oct. 15 -- The government has adopted a resolution "On measures to organize the activities of joint-stock company "Mortgage Refinancing Company of Uzbekistan".

According to the document, a refinancing credit institution was established with an initial authorized capital worth 25 billion soums.

Ministry of Finance acts as the shareholder on behalf of the state.

One of the main objectives of the company is to provide financial resources based on market principles to commercial banks to meet the needs of the population in affordable housing.

In accordance with the resolution, the company is exempt from payment of the fee for state registration of security issue and the fee for consideration of documents related to the issue of ...