GRATA Belarus took part in the German-Belarusian Economic Club
On June 9, 2021, Natalia Zhuk, Senior Associate at GRATA International, Belarus, spoke at the German-Belarusian Economic Club with a detailed analysis of the novels regarding the legislative regulation of export and import operations in connection with the adoption of a new version of the law on foreign exchange regulation and foreign exchange control in Belarus.
GRATA International in IFLR1000’s banking and finance rankings
IFRL1000 has released its first of four group rankings as part of its 31st edition. Practice areas covered by this release include asset finance, banking and finance, bank lending, financial restructuring, financial services regulatory, and project finance.
The Central Bank of Uzbekistan has reviewed the rules of emission and using bank cards
On April 3, the Central Bank of Uzbekistan has approved a new Regulation “On the rules of emission and using bank cards within the territory of the Republic of Uzbekistan” (the “Regulation”). The Regulation was adopted by the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No.3294.
The President of the Republic of Uzbekistan adopted the Resolution “On measures for further improvement of the system of capital market regulation”
The Capital Market Development Agency (the “Agency”) is abolished in accordance with the Resolution of the President “On Measures for Further Improvement of the Capital Market Regulatory System” No.ПП-5073 dated 13 April 2021 (the “Resolution No.ПП-5073”). The Ministry of Finance has succeeded to all rights, obligations and treaties of the Agency.
New refinance rate
April 21, 2021, the refinance rate of the National Bank has been set at 8.5% per annum (previously the rate was 7.75% per annum).
Submission of information on the income of individuals - a single database
On April 10, 2021, a resolution of the Council of ministers came into force, which defined the functioning of the AIS accounting of personal income. The owner of the AIS will be the Ministry of Taxation.