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In Uzbekistan the Free economic zone "Andijan-farm" was established
A government resolution was adopted on measures to organize the activities of the Andijan-farm free economic zone.
A new version of the law “On Advertising” is being developed
The Antimonopoly Committee of the Republic of Uzbekistan, together with the Institute for Problems of Legislation and Parliamentary Studies under the Oliy Majlis of the Republic of Uzbekistan, is developing a draft law of the Republic of Uzbekistan “On Advertising” in a new edition.
The best investment proposals of investors to be placed on the territory of modern business centers “Business city”
The Government of Uzbekistan approved the Regulation on the procedure for selecting the best investment proposals of investors for placement on the territory of modern business centers “Business city” and providing them with land plots.
Russia will help Uzbekistan in the modernization and development of airports
Uzbekistan and Russia are intensifying cooperation and are moving from discussing substantive issues to the plane of their implementation. The Prime Ministers Abdulla Aripov and Dmitry Medvedev agreed on this, reports Rossiyskaya Gazeta.
Uzbekneftegaz and Tatneft signed an agreement on exploration work in Uzbekistan
On May 15, 2019, the joint-stock company Uzbekneftegaz and the Russian oil company Tatneft signed an agreement on exploration in Uzbekistan.
Uzbekistan ‘BB-’ Long-Term and ‘B’ Short-Term Ratings Affirmed
S&P Global affirmed ‘BB-’ long-term and ‘B’ short-term ratings of Uzbekistan.
Uzbekistan simplified business liquidation procedures
Presidential resolution “On measures to simplify the process of liquidation of business entities” was adopted.
Navoi region becomes a free economic zone
According to the decree, the territory of Navoi region is defined as a free economic zone for innovative, high-tech, export-oriented and import-substituting industries for the period up to 1 January 2030, with the possibility of further extension in due course.
The provision on the procedure for granting subsidies for the construction of new hotels approved
The Government approved the Regulation on the allocation of subsidies from the State budget to compensate part of investors’ expenses for the construction and equipping of new hotels, as well as financing organizations on the basis of franchising agreements.
Uzbekistan and Italy sign agreements on the implementation of projects for USD 300 million
On 7 May 2019, the Uzbek-Italian Business Forum was organized jointly with the Italian Union of Chambers of Commerce, Industry, Craft and Agricultural Unioncamere with the participation of business circles of Uzbekistan and Italy.