There have been taken steps to boost private investment and further build confidence in the business community in Uzbekistan
The President of the Republic of Uzbekistan adopted Decree “On regular reforms to create conditions for stable economic growth by improving the business environment and developing the private sector” No.УП-101 dated April 8, 2022 (the – “Decree No.УП-101”).
On the adoption of the Law of the Kyrgyz Republic “On virtual assets”
On January 21, 2022, the President of the Kyrgyz Republic signed the Law of the Kyrgyz Republic "On virtual assets". The purpose of the Law is to regulate relations arising from the turnover of virtual assets, that is, their creation, issue, storage and circulation.
There have been adopted the Law “On insurance activities” in new edition in Uzbekistan
On November 23, 2021, the President of Uzbekistan signed the Law “On insurance activities” No.ЗРУ-730 (the “Law No.ЗРУ-730”), which enters into force after 3 (three) months.
06.12.2021
On December 2, 2021, GRATA International held the final international online conference: "Public-private partnership and infrastructure development in Eurasia: recent changes in legislation, main problems and opportunities" for this year.
New measures to financially support exporting companies are introduced in Uzbekistan
In accordance with the Decree of the President of the Republic of Uzbekistan “On additional measures to stimulate exporting enterprises” No.УП-6306 (the “Decree No.УП-6306”) dated September 7, 2021, starting from October 1, 2021, the following are approved
On July 7, 2021 President of the Republic of Azerbaijan adopted a Decree “On new division of economic regions in the Republic of Azerbaijan” dated July 7, 2021, #1386
The purpose of this Decree is to rearrange economic regions of the country in order to increase the efficiency of economic management after the liberation of the occupied territories of the Republic of Azerbaijan.
06.08.2021
IFRL1000 released the third of four groups of rankings that represent IFLR1000's 31st edition which focused on identifying best firms and lawyers in financial and corporate, as well as project development practices across the globe.
GRATA Beijing participated in the SCO International Conference in the People's Republic of China
On June 30, 2021, the SCO International Conference was held in Beijing on the topic: "Investment potential of the Central Asian countries - opportunities and prospects for the realization of joint projects within the SCO."
Standard & Poor’s improved Uzbekistan’s rating forecast to «stable»
The world-rating agency Standard & Poor's (the “Agency”) in its last report maintained Uzbekistan's sovereign rating at "BB-" level, but improved the forecast for the country from "negative" to "stable".
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.
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.
10.03.2021
A leading Russian law firms rating directory Pravo-300 released the results of its first ever research of legal markets of CIS countries. The main goal of Pravo-300 International is to provide an overview of the regional legal market, identify main players and help Russia law firms find reliable partners for projects in the local jurisdictions.