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The long-term credit rating of Uzbekistan remains at «B1» level with stable forecast
The ongoing reforms of the Republic of Uzbekistan in 2017-2021 allowed to keep stable rating "B1" in the international rating agency Moody`s Investors Service (hereinafter - “Agency”).
GRATA International Russian team in Pravo.ru-300 «Recommended Lawyers»
Along with its rankings of law firms, the leading Russian rating directory Pravo.ru-300 has released a list of the best legal experts in 29 practice areas. This year over 900 top lawyers were included in the recommendations list. Among the country’s best lawyers are 6 members of GRATA’s Russian team.
GRATA International in Pravo.ru-300 International rankings
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.
The President of the National Bank of Georgia adopted the Order on the Approval of the Rule on Insider Trading, Illegal Disclosure of Insider Information and Market Manipulation
On 8 October 2020, Order of the President of the National Bank of Georgia on the approval of the Rule on Insider Trading, Illegal Disclosure of Insider Information and Market manipulation was published on the website of the Legislative Herald of Georgia.
Parliament of Georgia adopted the new law on Rehabilitation and Collective Satisfaction of Creditors
On 18 September 2020, new law on Rehabilitation and Collective Satisfaction of Creditors was published on the website of the Legislative Herald of Georgia.
On 3 September 2020, Order of the President of the National Bank of Georgia on the approval of the regulation on Payment Card
On 3 September 2020, Order of the President of the National Bank of Georgia on the approval of the regulation on Payment Card Instrument was published on the website of the Legislative Herald of Georgia.
GDP growth of Uzbekistan in 2020
The January issue of the World Bank’s report “World Economic Situation and Prospects” (WESP), justified the forecast of GDP growth of Uzbekistan for 2020 and amounted to 0.6%.
Period of the law "On full deposit insurance" is extended
The President of the Republic of Azerbaijan Ilham Aliyev had issued a Decree on approval the Law on Amendments to the Law “On full deposit insurance” that was adopted by Milli Mejlis. (December 18, 2020).
The NCFM suspended the activities of 5 non-bank credit organizations
The Administrative Council of the National Commission on the Financial Market suspended for three years the activities of non-bank credit institutions Credit Market, Microcapital, E-Cash and Rosst-X on the basis of decisions of the general meetings of shareholders of these organizations, as well as non-bank credit organization Realty Capital - in accordance with the decision of the only associated person of this non-bank credit organization.
Fitch assigned 'BB-' final rating to Ipoteka-Bank's debut Eurobonds in Uzbekistan
Fitch Ratings assigned Ipoteka-Bank's debut Eurobond issue of USD 300 million with a 5.5% interest rate maturing in 2025 with a final rating of 'BB-'. Ipoteka-Bank uses proceeds from the issue mainly for lending in foreign currency to local borrowers in Uzbekistan.