On ratification of the Agreement between the Government of the Republic of Belarus and the Government of the United Kingdom of Great Britain and Northern Ireland on International Road Transport.
LAWASIA held the 32nd Conference: Harmonisation through Synergy
On November 5-8, 2019, the LAWASIA Conference in Hong Kong was held.
GRATA International took part in the VII Belarusian Forum of Corporate Lawyers in Minsk
The law firm GRATA International was represented by a senior associate Olga Velishkevich, who was a speaker in the section “Trade schemes with offshores: practice and taxation with amendments ‘2019” on subject “Problems of opening accounts for non-residents around the world. New KYC Standards”.
On 22 October, 2019, the President of Uzbekistan signed a new edition of the Law “On currency regulation”.
The program "Financing micro - small and medium enterprises" to be launched in Uzbekistan
The Ministry of Investment and Foreign Trade, together with the German federal government represented by the KfW Development Bank, plans to launch the financial sector program “Financing Micro, Small and Medium Enterprises (MSMEs)” in the second half of 2020.
The credit-rating Agency of Belgium Credendo has dramatically improved its valuation of the political and economic situation in Uzbekistan.
Law of the Republic of Azerbaijan “on Insurance activity”
Pursuant to the newly introduced changes in the Law of the Republic of Azerbaijan on “Insurance activity” (Insurance Law), a new article was added to the Civil Code of the Republic of Azerbaijan (Civil Code).
On the implementation of virtual cash register
In order to improve the online cash register, the Law of the Kyrgyz Republic No. 39 of April 13, 2018 introduced a change to the Tax Code of the Kyrgyz Republic in terms of the definition of a "virtual cash register ", which provides for the use of smartphones or computers along with the hardware cash register after the installation of the relevant software.
The control and monitoring system for the implementation of investment projects is started in Uzbekistan
The Regulation of organization the implementation and operation of the Automated Information System “Control and Monitoring the Implementation of Investment Projects” was approved in accordance with the Resolution of the Cabinet of Ministers dated July 22, 2019 No. 616 “On organizational measures for the implementation and operation of the information system in the field of monitoring and monitoring the implementation of investment projects”.
Regulatory developments in the legislation of the Republic of Uzbekistan
Since July 1, 2019, changes came into force that will affect customs regulation, licensing, public procurement, investor relations, corruption risk assessment and many different sectors.
The Central Bank keeps the refinancing rate at 16% per annum
By decision from 20 July 2019, the Board of the Central Bank kept the refinancing rate unchanged at 16% per annum.