Жаңалықтар

According to the Presidential Decree No.UP-6042 “On additional measures of further development of the export and investment potential of the Republic” dated August 18, 2020 (the “Decree No.UP-6042”), the appointment of the Deputy Prime Minister for Investments and Foreign Economic Relations as the Chairman of the Governmental Commission was envisaged.

On October 7 this year, the World Bank published a new regional economic review. According to this review, Uzbekistan will be one of only two countries in the Europe and Central Asia region that will demonstrate economic growth in 2020.

The international rating agency Fitch Ratings (the “Agency”) has released a regular report on the sovereign credit rating of Uzbekistan. According to the report, Uzbekistan's sovereign credit rating remained unchanged at BB- (stable).

Delegates of the UN General Assembly elected 15 new members of the UN Human Rights Council (the “Council”) on October 13. According to the voting results, Uzbekistan, Russia and Ukraine became members of the Council. The newly elected members of this body will begin their work on January 1, 2021.

The Ministry of Finance of Uzbekistan, together with specialists from relevant ministries and departments, has developed a new edition of the Law of the Republic of Uzbekistan “On public procurement” (“Draft law”). Asian Development Bank and the World Bank also took an active part in the development of the Draft law.

Umguulliin Absolute Advocates LLP, an associate law firm of GRATA International has been selected as a legal advisor of Mongolia Indian Business council and executed Memorandum of Understanding on this collaboration on 17 October, 2020.  Mongolia India Business Council is a non-governmental organization which is incorporated duly in 2016 in Mongolia for promoting business and economic relations of Mongolia and India.