Regulatory developments in the
legislation of the Republic of
Uzbekistan in October 2019
On 22 October, 2019, the President of Uzbekistan signed a new edition of the Law “On currency regulation”.
An agreement was signed on
cooperation with IFC in
Uzbekistan
The Ministry of Finance signed an agreement with the International Finance Corporation (hereinafter referred as IFC), a member of the World Bank Group, to provide consulting services to Uzbekistan on structuring and competitive bidding for a public-private partnership (hereinafter referred as PPP) project for the construction of a 1300 megawatt combined cycle gas plant in the Syrdarya region.
29.10.2019
The President of Uzbekistan Shavkat Mirziyoyev signed a resolution to approve an agreement on the interaction of the customs authorities of the CIS member states in the field of protection of intellectual property rights.
The program "Financing micro -
small and medium enterprises" to be launched in Uzbekistan
The Ministry of Investment and Foreign Trade, together with the German federal government represented by the KfW Development Bank, plans to launch the financial sector program “Financing Micro, Small and Medium Enterprises (MSMEs)” in the second half of 2020.
29.10.2019
By Presidential Decree from 17 January 2019, an investment visa was introduced for individuals who made foreign investments, and per the amendments introduced, the procedure for issuing this visa and related benefits was established.
Medical cluster will be built in
Jizzakh region of Uzbekistan
The Cabinet of Ministers of the Republic of Uzbekistan adopted a Resolution dated 2 October, 2019, No.PKM-838 “On measures to create a modern medical cluster in the Gallaaral district of Jizzakh region”.
29.10.2019
The President of the Republic of Uzbekistan adopted a Resolution dated 16 September, 2019, No.PP-4453 “On measures for the further development of light industry and stimulation of finished goods production”.
29.10.2019
In addition to the previously planned increase of excise duty for alcohol and tobacco products, in accordance with the Decree of the President of Uzbekistan dated 26 September, 2019 No.UP-5837 “On measures for further improvement of tax policy of the Republic of Uzbekistan” rates for oil products, gas, mobile communications and polyethylene granules will increase.
29.10.2019
In accordance with the Resolution of the Cabinet of Ministers of Uzbekistan dated 21 September, 2019, No.PKM-794, measures for the socio-economic development of Bukhara region for 2019–2023 were identified.
29.10.2019
The World Bank included Uzbekistan in the list of TOP-20 improvers that have made the most significant reforms to facilitate the business.