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Uzbekistan: Wage Arrears Hint at Economic Troubles

Companies in Uzbekistan have shelled out around half a billion dollars in fines after failing to pay salaries to their staff.

This is the latest indication that the country is grappling with economic problems which are absent from the rosy official picture of steady growth.

Firms were slapped with fines worth a total of 1.5 billion sum ($500 million at the official exchange rate) last year for wage arrears owed to employees, Russian state news service Sputnik reported this week.

The fines resulted from 1,300 complaints filed with the State Legal Labor Inspection service, Sputnik said.

The wage arrears were generally the result of a lack of funds at the organization in question, an unnamed labor inspection official. Other reasons included organizations holding money back to make a profit on interest, and simple bureaucratic hitches in making payments.

The revelation suggests that companies may be ailing in the face of the economic crisis that is gripping Central Asian — although the government is in denial about the impact of the region-wide crisis on Uzbekistan.

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Uzbekistan: Wage Arrears Hint at Economic Troubles

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