The Ministry of Finance of the Republic of Uzbekistan successfully priced its inaugural US$1 billion which was formed by a dual US$500mm 4.750% tranche due February 2024 and a US$500mm 5.375% due February 2029.
For yet another consecutive year, GRATA International enters the leading legal rankings and continues to be among the most outstanding law firms in Central Asia and the Caspian region.
Uzbekistan introduces visa-free regime for citizens of Germany from 15 January
From 15 January 2019, Uzbekistan will introduce a visa-free regime for German citizens visiting Uzbekistan for tourism for 30 days, the press service of the State Committee for Tourism said in a statement.
Uzbekistan introduces a visa-free regime for citizens of another 45 countries from 1 February
Uzbekistan introduces a visa-free regime for a period of 30 days for citizens of another 45 countries of the world from 1 February 2019.
Measures taken to improve the activities of NAPU
President of Uzbekistan Shavkat Mirziyoyev signed a decree “On measures to further improve the activities of the National Agency for Project Management” on 10 January.
President divides the State Committee on Competition into three bodies
On 14 January, President of Uzbekistan Shavkat Mirziyoyev signed a decree “On measures to fundamentally improve the system of state assets management, antitrust regulation and the capital market”
Fitch assigns Uzbekistan first long-term issuer rating
Fitch Ratings assigned Uzbekistan a long-term issuer default rating in local and foreign currency at BB-, the rating outlook is “stable", Trend reports on Dec. 21 referring to the agency’s press service.
Promotion of tourism in Uzbekistan
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.
Draft Regulation on Free Economic Zones Published
A draft Regulation was published on regulation.gov.uz, according to which the activity of free economic zones will be regulated.
Uzbekistan establishes FEZ “Andijon-Farm”
President of Uzbekistan Shavkat Mirziyoyev signed a decree on creation of a free economic zone “Andijon-farm”.