New Belarusian Insolvency Law in effect from October 1: Bankruptcy under the new rules
In December 2022, a new Law No. 227-Z was signed, titled "On Insolvency Resolution", aimed at modernizing bankruptcy regulations to align with the current economic landscape in the country.
Priority areas of interaction between Turkmenistan and the World Bank Group were discussed
On October 4, 2023, in the building of the Ministry of Foreign Affairs of Turkmenistan, a meeting was held between the Deputy Minister of Foreign Affairs of Turkmenistan B.Myatiev and the World Bank’s Regional Director for Central Asia Tatiana Proskuryakova.
In Belarus, a procedure has been established for the calculation of dividends to foreign shareholders in Belarusian companies.
On September 15, 2023, the Edict of the President of the Republic of Belarus No. 282 "On Special Accounts" came into effect. This act outlines the procedures for using special accounts during the implementation of restrictive measures which are not in effect nowadays.
In Belarus, completing projects funded by the International financial institutions is underway
On September 8, 2023, the Edict of the President of the Republic of Belarus No. 282 "On Project Completion" came into effect in the Republic of Belarus. This Edict aims to address issues related to the termination of obligations to the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development, and the Nordic Investment Bank.
Changes to credit financing service rules for Belarusian banks
On July 12, 2023, the President of Belarus signed Law No. 282-Z "On Amendments to Laws Regarding Banking Activities"
ADB Expands Support for Turkmenistan
The Asian Development Bank (ADB) is developing a new strategy for Turkmenistan (CPS) that will focus on private sector development, human capital development, and climate change, ADB reports on its official website on Friday, citing the Vice-President Shixin Chen.