Kazakhstan Supports Renewable Energy for Economic Diversification
Kazakhstan's 2020 Strategic Development Plan states that the use of renewable resources and energy sources is an effective method to diversity the country's economy. Kazakhstan is therefore creating incentives to develop wind power, solar and geothermal energy, and to introduce new technologies that will effectively use the country's water resources to provide the population with drinking water.
Blocking of VPN-services and anonymisers in Russia: Legal developments
On 27 June 2017, the Order dated 24 May 2017 became effective which sets the criteria for assessing materials and/or information required to take decisions by the Federal Service for Supervision of Communications, Information Technology, and Mass Media (Roskomnadzor), Ministry of Internal Affairs of Russia, Federal Tax Service of the Russian Federation and Rospotrebnadzor on the inclusion of domain names and(or) pages indexes of Internet sites, as well as network addresses that allow identifying Internet sites containing prohibited information, in the Unified Register of Domain Names and(or) Page Indexes of Internet Sites, as well as Network Addresses allowing to Identify Internet Sites that Contain Information Prohibited for Dissemination in the Russian Federation.
On 1 July 2017, amendments to the Federal Law 'On Privatisation of the State and Municipal Property' and the Federal Law 'On the Procedure for Foreign Investment in Business Entities of Strategic Importance for National Defense and State Security' became effective, according to which offshore companies and legal entities controlled by an offshore company or a group of entities, which includes an offshore company are not permitted to purchase state and municipal property in Russia.
From 1stof July 2017, a large amendment to Czech Insolvency Act No. 182/2006 Coll., comes into effect.This amendment regulates many aspects of insolvency proceedings, from protection against frivolous insolvency petitions through corporate insolvency assessment, to debt relief.
Appeal commission considering appeals on results of tax and customs audits as well as notifications on elimination of violations
Please be advised that on 27 June 2017 the regulation on the Appeal commission of the Ministry of finance of the Republic of Kazakhstan, which will be operating from 1 July 2017, was officially published.
Amendments to foreign currency exchange regulations in Uzbekistan
Resolution of the Cabinet of Ministers as of June 30, 2017 No. 449 introduced the market rate of foreign exchange for certain transactions in the over-the-counter foreign exchange market.