The Agency for the Development of Small Business and Entrepreneurship under the Ministry of Economy and Industry is established
According to the Decree of the President of the Republic of Uzbekistan No. UP-5780 dated August 13, 2019 “On additional measures to strengthen the protection of private property and guarantees of property rights, radically improve the organization of work to support entrepreneurial initiatives, as well as expand access of business entities to financial resources and production infrastructure”, the Agency for the Development of Small Business and Entrepreneurship under the Ministry of Economy and Industry was established.
Nurlan Kyshtobaev took part in the signing of agreements between EBRD and Optima Bank
On 21 May 2019, the European Bank for Reconstruction and Development and Optima Bank signed risk participation agreements in the aggregate amount up to USD 20 million. According to these agreements, EBRD will share the risks of up to 50 percent for some loans issued by Optima Bank. Borrowers under the agreements will also have the opportunity to use various technical cooperation programs to familiarise themselves with the best practices of international and local experts.
Legal 500 has recently released its annual rankings of international law firms – Legal 500 EMEA 2019.
As of 1 October, 2018, the rules for submitting company financial statements have changed. First, the reports must be in electronic form and, secondly, they must be signed by an authorized person.
Gulnur Nurkeyeva attended Investment and Financing Innovation Law & Commerce Forum
On 11-14 October 2018 Elite Global Legal Alliance (EGLA) held its Fourteenth General Meeting & Investment and Financing Innovation Law & Commerce Forum
Uzbekistan and Belarus sign contracts worth US$231 million
President of Belarus Alexander Lukashenko paid an official visit to Uzbekistan on 12-13 September 2018.
On September 4, the government submitted to the parliament a bill strengthening the position of the Polish Financial Supervisory Authority (Polish financial regulator) and increasing investor protection.