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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”.
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.
The territory of “Jizzakh” free economic zone is expanding due to eight new regional small industrial zones
On August 1, 2019, the Cabinet of Ministers adopted Resolution No. 643 "On measures to support the development of entrepreneurship and the expansion of industrial production in the Jizzakh region."
The Asian Development Bank will support a public-private partnership project for the construction of a photovoltaic station
On August 16, 2019, the Ministry of Energy of the Republic of Uzbekistan signed an agreement on the provision of consulting services with the Asian Development Bank on a project to build a number of photovoltaic stations with a total capacity of up to 1000 MW on a public-private partnership (PPP) basis.
Excise tax for compressed gas, alcohol and tobacco will increase
New excise tax rates are established by the Decree of the President of the Republic of Uzbekistan dated July 24, 2019 No. UP – 5771 “On measures to further improve the regulation of production and realization of certain types of excisable goods”.
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.