New state program on project
financing in Russia
The Government of the Russian Federation by its resolution No. 158 of 15 February 2018 approved:
- the Project Finance Factory program which provides for financing of investment projects on the basis of syndicated loan agreements (hereinafter - the 'Program');
- the Rules for Granting Subsidies from the Federal Budget to Compensate for Costs Associated with the Provision of Loans and Credits under the Project Financing Factory Mechanism (hereinafter - the 'Rules').
- the Project Finance Factory program which provides for financing of investment projects on the basis of syndicated loan agreements (hereinafter - the 'Program');
- the Rules for Granting Subsidies from the Federal Budget to Compensate for Costs Associated with the Provision of Loans and Credits under the Project Financing Factory Mechanism (hereinafter - the 'Rules').
Uzbekistan review - market
opportunities 2018
Uzbek government continues its strive to transform country's legislation and make Uzbekistan more open to foreign investment and international trade.
19.02.2018
On 5 February 2018, Federal Law No. 16-FZ on the introduction of amendments to the Federal Law 'On the Fundamental Principles of Tourist Activities in the Russian Federation' and the Code of the Russian Federation 'On Administrative Offenses' was signed ('Law No. 16-FZ'). Law No. 16-FZ provides, inter alia, for obligatory classification of hotels, ski trails, and beaches and is aimed at improving the legal regulation in the provision of hotel services.
New territories of priority
socio-economic development in
Russia
In December 2017 and early February 2018, the Government of the Russian Federation adopted a number of decisions on the establishment of territories for priority socio-economic development (TPSED) in several regions of Russia
Upcoming Changes in Foreign
Exchange Legislation: branches of foreign companies’ settlements
will be converted into Tenge
In keeping with GRATA’s practice of informing clients of important legal developments that might influence their business, we would like to draw your attention to some important upcoming legislative developments regarding the foreign exchange regulation and foreign exchange control.
31.01.2018
Any company can and shall make a choice at a certain stage of its development. We made our choice and decided to penetrate regions. Now, it has been almost 3.5 years since we have expanded our presence all over Kazakhstan, but we faced many difficulties that we would like to note and share our experience with other consulting firms dealing with legal issues. This article is aimed to encourage firms to contribute in the regions’ development.