News

On 12 August of this year a video conference was held under the chairmanship of the President of Uzbekistan dedicated to the development of industries in regions and the expansion of production of competitive products. During the meeting, the President instructed to create industrial clusters in each region, including scientific, innovative, design, financial, engineering and investment organizations.

The State Customs Committee has approved the Regulation “On the application of the Convention on Temporary Admission (Istanbul, 26 June 1990)”. The Regulation defines the procedure for the convention on temporary import in customs control and customs clearance of goods on the customs border of Uzbekistan.

On 25 July of this year, the Resolution of the President of the Republic of Uzbekistan “On measures of organization of the activity of the Service of Sanitary and Epidemiological well-being and public health of the Republic of Uzbekistan” No.ПП-4790 (the “Resolution No.ПП-4790”) and the Decree of the President of the Republic of Uzbekistan “On measures of mitigating the coronavirus pandemic, fundamental development of the system of sanitary and epidemiological well-being and protection of health of the population” No.УП-6035 (the “Decree No.УП-6035”) were adopted. These legal acts focus on further improvement of the activity of the Sanitary and Epidemiology Service (the “SES”).

On July 24, the President signed a Decree “On additional measures of further improvement of the functioning of courts and increase of the efficiency of justice” No.УП-6034 (“Decree No.УП-6034”).

According to the Presidential Decree “On additional measures to reduce the dependence of economic sectors on fuel and energy products by increasing the energy efficiency of the economy and using available resources” No.ПП-4779 dated 10 July, 2020, it was established that from 1 August, the tariff for guaranteed electricity purchase of newly introduced solar, wind, and biogas power plants, micro and small hydroelectric power plants with a capacity of up to 1 MW, is set at the second group of consumers. At the moment, it is UZS 450 for 1 kW per hour, including VAT.

On 27 July, the President of the Republic of Uzbekistan held a meeting to discuss the ongoing work to reduce the shadow economy. In that regard, the President has instructed to develop a methodology for calculating the rating of corruption and the shadow economy for state bodies, enterprises and regions.

According to the analysis of international experts, the modernization of existing airports in Uzbekistan will require an average of USD 800 million. In this regard, it was instructed to develop jointly with the World Bank the terms of reference for transferring the airports of Tashkent, Bukhara, Fergana, and Urgench to the management based on a “package principle”. This principle means the transfer of unprofitable airports along with profitable ones.

Uzbekistan News feed July-August 2020

The Legislative Chamber of the Republic of Uzbekistan held its ordinary meeting on 21 August 2020.

The Central Bank of the Republic of Uzbekistan has adopted Regulation “On the procedure and conditions for admission to banking activities” No.352 dated 30 June 2020 (the “Regulation No.352” in order to bring the permitting and licensing procedures in the banking sector in compliance with the requirements of the amended Laws “On Central Bank of the Republic of Uzbekistan” and “On banks and banking”. The Regulation No.352 optimizes and merges several regulatory legal acts governing this sphere.