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A new small industrial zone has been created in the Tashkent region
The Resolution of the Cabinet of Ministers No.ПКМ-657 “On measures to create a small industrial zone in the Yangiyul district of the Tashkent region” (the “Resolution No.ПКМ-657”) provides for the opening of a small industrial zone with an area of 36 hectares.
The activities of enterprises with a state share will be transparent
In accordance with the Resolution of the Cabinet of Ministers No.674 “On measures to improve the system of disclosure of information on business entities with state participation and state unitary enterprises” dated October 30, 2020 the following proposals of the Agency for State Assets Management, the Ministry of Information Technologies and Development of Communications as well as the Ministry of Economic Development and Poverty Reduction were approved.
Measures to reduce the shadow economy will be taken in Uzbekistan
The Presidential Decree No.УП-6098 “On organizational measures to reduce the shadow economy and improve the efficiency of tax authorities” dated October 30, 2020 (the “Decree No.УП-6098”) provides for measures to reduce the share of the shadow economy in the country.
New responsible person for RES of the Ministry of Energy of the Republic of Uzbekistan has been appointed
Abdullajon Otaboev has been appointed Head of the Department for Development of Generation Based on Renewable Energy Sources of the Ministry of Energy.
National Venture Fund is being created in Uzbekistan
On November 3, 2020, the Cabinet of Ministers adopted a Resolution “On measures to organize the activities of the National Venture Fund “UzVC”” No.ПКМ-684.
Fitch Ratings assigned “BB- (EXP)” rating to debut Eurobonds of Ipoteka-Bank
Fitch Ratings has assigned an expected Long-term rating of 'BB- (EXP)' to the upcoming issue of Ipoteka-Bank's senior unsecured US dollar-denominated Eurobonds.