Uzbekistan ‘BB-’ Long-Term and ‘B’ Short-Term Ratings Affirmed
S&P Global affirmed ‘BB-’ long-term and ‘B’ short-term ratings of Uzbekistan.
Uzbekistan simplified business liquidation procedures
Presidential resolution “On measures to simplify the process of liquidation of business entities” was adopted.
Navoi region becomes a free economic zone
According to the decree, the territory of Navoi region is defined as a free economic zone for innovative, high-tech, export-oriented and import-substituting industries for the period up to 1 January 2030, with the possibility of further extension in due course.
The provision on the procedure for granting subsidies for the construction of new hotels approved
The Government approved the Regulation on the allocation of subsidies from the State budget to compensate part of investors’ expenses for the construction and equipping of new hotels, as well as financing organizations on the basis of franchising agreements.
A ban on research and development of radioactive elements (uranium) in Kyrgyzstan
Since June 2, 2019, a ban has been imposed on carrying out works on license areas provided for the purpose of geological study and the development of radioactive elements (uranium).
On May 29, the deputies of the Jogorku Kenesh of the Kyrgyz Republic approved the draft law “On Public-Private Partnership”
Was approved A new version of the law “On Public-Private Partnership” in the second reading.