News

With aim to develop a tourism industry, including accelerating the implementation of investment projects for the construction of modern hotels and similar accommodation facilities, attracting foreign direct investment in the development of the hotel industry in the country, the President of the Republic of Uzbekistan has enacted two specific bylaws – the Decree of the President of the Republic of Uzbekistan No. UP-5611 “On Additional Measures for Accelerated Development of the Tourism Industry” (the “Decree No. UP-5611”) and the Resolution of the President of the Republic of Uzbekistan No. PP-4095 (the “Resolution No. PP-4095”) were issued on 5 January 2019.

A draft Regulation was published on regulation.gov.uz, according to which the activity of free economic zones will be regulated.

President of Uzbekistan Shavkat Mirziyoyev signed a decree on creation of a free economic zone “Andijon-farm”.

Navoi Mining and Metallurgical Combine (the "NGMK") will be reorganized into a joint stock company and will cease to be a state enterprise.

The decree of the President of Uzbekistan "On additional measures to ensure the further development of the economy and improve the efficiency of economic policy" approved the "Road map" of the main directions of structural reforms of the Republic of Uzbekistan for the period of 2019-2021, developed with the participation of the World Bank and other international financial institutions

Uzbekistan will introduce additional categories of visas for certain groups of foreign citizens.

Uzbekistan has published Law No. ЗРУ-508 of 24 December 2018, which includes amendments in relation to the tax and budget policy for 2019.

Uzbekistan will provide an opportunity for citizens of 76 countries of the world to receive electronic entry visas from 1 February 2019.

According to the presidential decree "on additional measures to accelerate the development of tourism in the Republic of Uzbekistan", for citizens of 109 countries obtaining a residence permit is simplified.

On 5 December 2018, AHK Azerbaijan organised the AHK-Impuls event for its member companies at Hyatt Meeting and Conference Centre. The current event was dedicated to the ongoing reforms in the labour market in Azerbaijan and was attended by the honorary guest speaker Mr Sahil Babayev, Minister of Labour and Social Protection of Population of the Republic of Azerbaijan.