All financial assets must now be accounted for
President Vladimir Putin signed law No. 291-FZ of 31.07.2020, which establishes the obligation of residents to report on the movement of not only cash, but also other financial assets on accounts in foreign banks and other financial market organizations.
Overview of the legislation of the Republic of Belarus
In accordance with this act, the BelCCI is granted the right to register, change data, and revoke registration in the REX system. As a result of its implementation, the exporter will receive a unique registration number by which it will be possible to check the validity of the registration, the date of its receipt and other information subject to the exporter's permission.
The Head of the Financial Monitoring Service adopted the Order #2 on Approval of the Procedure of Identification and Verification of a Customer by the Accountable Enterprise
The Head of the Financial Monitoring Service adopted the Order #2 on Approval of the Procedure of Identification and Verification of a Customer by the Accountable Enterprise and the Order #1 on Approval of the Rule on Record-keeping, Storage and Reporting of the Information on the Transaction by the Accountable Enterprise to the Financial Monitoring Service of Georgia
Parliament of Georgia adopted the law on changes to the Law on Securities Market
On 29 June 2020, Changes to the Law on Securities Market was published on the website of the Legislative Herald of Georgia.
Asian Development Bank projects slowdown in economic growth of Uzbekistan in 2020
Asian Development Bank (the “ADB”) has reconsidered its economic growth projections for Uzbekistan in 2020 by decreasing the projection from 4,7% to 1,5%. ADB has adjusted and updated the economic growth forecasts due to the pandemic, which has decreased the volume of foreign trade and money transfers. Forecasts of the World Bank and European Bank for Reconstruction and Development regarding Uzbekistan's economic growth for 2020 coincide, amounting to a GDP growth of 1,5%.
Uzbekistan plans to issue Eurobonds worth USD 500 million
Uzbekistan plans to issue Eurobonds in national currency equivalent to USD 500 million in the domestic market. Based on the budget requirements, Eurobonds denominated in UZ equivalent to USD 500 million, can be placed this year and the same amount next year.