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S&P Global Ratings assigns rating to Uzbekistan at BB- /B
S&P Global Ratings has affirmed the Republic of Uzbekistan's long-term and short-term sovereign credit ratings for foreign and national currency liabilities at the BB-/B level. The rating outlook remains Negative.
FAS proposes to reduce the value of banks' assets to control transactions
In case of exceeding the value of assets, it`s required to obtain the prior consent of the antimonopoly authority for transactions and other actions provided for in articles 27 and 29 of the Federal Law "On Protection of Competition".
The Ministry of Economic Development of the Russian Federation proposed to issue a residence permit for investment
The Ministry of Economic Development of the Russian Federation plans to grant a residence permit to foreign citizens who are investing in Russian business. This bill is aimed at simplifying the stay of investors in the country.
GRATA International assisted in preparation of the EBRD Transition Report
GRATA International assisted European Bank for Reconstruction and Development in preparation of the EBRD Transition Report on the legal and regulatory framework of state-owned companies across the EBRD regions.
UzAuto Motors is planning to issue Eurobonds for USD 300 million
According to the information published on the Unified Portal of Corporate Information, UzAuto Motors is planning to issue Eurobonds in the amount of USD 300 million in 2021 with a maturity of 5-7 years. It is noted that UzAuto Motors will place Eurobonds on the London stock exchange.