25.05.2021
On April 21, the President of the Republic of Uzbekistan approved the Resolution “On additional measures to improve the business support system and further improve the business climate” No.ПП-5087 (the “Resolution No.ПП-5087”).
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.
25.05.2021
On February 3, the President of the Republic of Uzbekistan adopted the Strategy of Actions on the five Priority Areas of Development of the Republic of Uzbekistan in 2017-2021 (the “Strategy”).
JSC “Uzbekgeologorazvedka” is being established in Uzbekistan
According to the Resolution of the President of the Republic of Uzbekistan “On additional measures to actively attract investment in the field of geology, transformation of industry enterprises and expanding the mineral resource base of the republic”
In Uzbekistan, owners and/or operators that failed to comply with special requirements for processing of citizens’ personal data will be included in the special State register
On April 29, the Cabinet of Ministers of the Republic of Uzbekistan under the Resolution No.255 approved the Regulation “On the procedure of State control over the compliance with the special conditions of processing of personal data of citizens of the Republic of Uzbekistan” (the “Regulation”).
23.05.2021
On April 22, 2021, the Law of the Republic of Uzbekistan “On public procurement” No.ЗРУ-684 (the “Law No.ЗРУ-684”) in a new edition was adopted which comes into force on July 22, 2021. The Law No.ЗРУ-684 introduces a number of amendments and additions to the terms, authority of the authorized bodies, and the types of procurement procedures for public procurement.
28.04.2021
The Decree of the President of the Republic of Uzbekistan “On Measures for Further Development of the Capital Market” No.УП-6207 dated on 13 April 2021 (the “Decree No.УП-6207”) defined the main directions of development of the capital market.
Airports in Uzbekistan will be reconstructed and upgraded based on PPPs
The Resolution of the President “On measures for the development of public-private partnership in airport management of Uzbekistan” No.ПП-5042 dated on March 29, 2021, which provides private partners in the implementation of projects for the reconstruction, modernization, operation and management of airports with 3-year exemptions from taxation
Major agreements on key oil and gas projects of Uzbekistan were signed
Signing of major agreements in the oil and gas sector of Uzbekistan was held on 6 April 2021. Between the Ministries of energy, Finance of the Republic of Uzbekistan, JSC “Uztransgaz” and VEB.RF, “Gazprombank” and JSC “EKSAR” signed a memorandum on mutual understanding on the organization of financing of the project “Modernization of gas transportation system”.
28.04.2021
In order to increase the efficiency of the energy sector, a new strategy for the development of renewable and hydrogen energy in the Republic of Uzbekistan will be elaborated by the Resolution of the President “On measures for the development of renewable and hydrogen energy in the Republic of Uzbekistan” No.ПП-5063 dated on 9 April 2021 (the “Resolution No.ПП-5063”).