SCADA and EMS systems will be implemented in Uzbekistan
In accordance with the Presidential Resolution No.PP-4699 “On measures for the widespread introduction of the digital economy and e-government” dated April 28, 2020, a project for the implementation of dispatch control and data collection (SCADA) and energy management (EMS) systems are envisaged.
The special commission will be engaged in the development of exports and attraction of investments in Uzbekistan
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.
The World Bank maintains a positive outlook for the economy of Uzbekistan
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.
Fitch maintains Uzbekistan's credit rating at BB-
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).
22.10.2020
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.
A new edition of the Law of the Republic of Uzbekistan “On public procurement” has been drafted
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.