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Uzbekistan and Saudi Arabia have signed agreements for the total amount of USD 2 billion
Ministry of Energy of the Republic of Uzbekistan and Saudi Arabian energy company ACWA Power have signed agreements for the total amount of USD 2 billion.
A draft procedure for conducting field tax audits has been published
Per article 139 of the Tax Code "On-site tax inspection", the State Tax Committee has published a draft resolution "Regulation on the procedure for conducting on-site inspections".
Privatization of large enterprises expected in Uzbekistan
In Uzbekistan, a draft Presidential Decree "On additional measures to reduce the state's participation in the economy" was published for discussion.
Uzbekistan established a new procedure for the construction of external advertising
The Cabinet of Ministers of the Republic of Uzbekistan has approved the regulation "On the Procedure for the Construction of External Advertising Facilities (Constructions)", which will enter into force on March 21, 2020 (the "Regulation").
Senate of the Republic of Uzbekistan approved eight laws and rejected the Law on international commercial arbitration
During the second plenary session of the Senate of the Oliy Majlis several laws were discussed, with eight draft laws being approved and one rejected. Senators rejected the Law “On International Commercial Arbitration”.
Navoi Mining and Metallurgical Combine is being reorginized in Uzbekistan
The Decree of the President of the Republic of Uzbekistan No. 4629 dated March 6, 2020 “On the Measures of Reorganization of the state enterprise Navoi Mining and Metallurgical Combine.
Uzbekistan has announced the quarantine regime
Starting from March 16, 2020 Uzbekistan has introduced the quarantine regime throughout its entire territory in order to protect its citizens from Coronavirus (COVID-19).