Жаңалықтар

According to the Presidential Decree “On additional measures to reduce the dependence of economic sectors on fuel and energy products by increasing the energy efficiency of the economy and using available resources” No.ПП-4779 dated 10 July, 2020, it was established that from 1 August, the tariff for guaranteed electricity purchase of newly introduced solar, wind, and biogas power plants, micro and small hydroelectric power plants with a capacity of up to 1 MW, is set at the second group of consumers. At the moment, it is UZS 450 for 1 kW per hour, including VAT.

On 27 July, the President of the Republic of Uzbekistan held a meeting to discuss the ongoing work to reduce the shadow economy. In that regard, the President has instructed to develop a methodology for calculating the rating of corruption and the shadow economy for state bodies, enterprises and regions.

According to the analysis of international experts, the modernization of existing airports in Uzbekistan will require an average of USD 800 million. In this regard, it was instructed to develop jointly with the World Bank the terms of reference for transferring the airports of Tashkent, Bukhara, Fergana, and Urgench to the management based on a “package principle”. This principle means the transfer of unprofitable airports along with profitable ones.

Uzbekistan News feed July-August 2020

The Legislative Chamber of the Republic of Uzbekistan held its ordinary meeting on 21 August 2020.

The Central Bank of the Republic of Uzbekistan has adopted Regulation “On the procedure and conditions for admission to banking activities” No.352 dated 30 June 2020 (the “Regulation No.352” in order to bring the permitting and licensing procedures in the banking sector in compliance with the requirements of the amended Laws “On Central Bank of the Republic of Uzbekistan” and “On banks and banking”. The Regulation No.352 optimizes and merges several regulatory legal acts governing this sphere.