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Working with the new refinancing rate
On March 1, 2023, the refinancing rate of the National Bank of the Republic of Belarus was lowered to 11% per annum (previously it was 11.5%). According to the National Bank, the rate will drop to 10.5% per annum from April 3rd (
On accepting payments for state and municipal services in non-cash form
For the purposes of switching to non-cash payments and settlements, introducing digital payments, developing other tools for accepting payments, achieving transparency in money circulation and reducing the share of the shadow economy in the Kyrgyz Republic, protecting consumer rights, by Resolution of the Cabinet of Ministers of the Kyrgyz Republic and the National Bank of the Kyrgyz Republic dated December 16, 2022
On establishing the terms for the formation of the minimum authorized capital of participants in the securities market
In order to increase the level of financial stability and competitiveness of financial organizations, a resolution of the Cabinet of Ministers “On Certain Issues in the Sphere of the Securities Market” was adopted.
On the adoption of the Law of the Kyrgyz Republic "On Renewable Energy Sources"
The law establishes the legal, organizational, economic and financial framework, mechanisms for regulating relations between the state, producers, suppliers and consumers of renewable energy sources, equipment for production, installations using renewable energy sources.
GRATA International China shortlisted for Asian Legal Business China Law Awards 2022
We are pleased to announce that two of GRATA International Beijing office’s successful projects have been shortlisted as deal category finalists at the 19 th Annual SSQ ALB China Law Awards 2022 - the pre-eminent legal awards in China.
Uzbekistan takes measures to support the capital market
Resolution of the President “On additional measures to introduce effective mechanisms to support the capital market” No.ПП-90 dated January 17, 2022 (the “Resolution No.ПП-90”) establishes that from April 1, 2022 to December 31, 2024
There have been taken steps to boost private investment and further build confidence in the business community in Uzbekistan
The President of the Republic of Uzbekistan adopted Decree “On regular reforms to create conditions for stable economic growth by improving the business environment and developing the private sector” No.УП-101 dated April 8, 2022 (the – “Decree No.УП-101”).
On the adoption of the Law of the Kyrgyz Republic “On virtual assets”
On January 21, 2022, the President of the Kyrgyz Republic signed the Law of the Kyrgyz Republic "On virtual assets". The purpose of the Law is to regulate relations arising from the turnover of virtual assets, that is, their creation, issue, storage and circulation.
There have been adopted the Law “On insurance activities” in new edition in Uzbekistan
On November 23, 2021, the President of Uzbekistan signed the Law “On insurance activities” No.ЗРУ-730 (the “Law No.ЗРУ-730”), which enters into force after 3 (three) months.
GRATA International Law Firm held online conference on PPPs in Eurasia
On December 2, 2021, GRATA International held the final international online conference: "Public-private partnership and infrastructure development in Eurasia: recent changes in legislation, main problems and opportunities" for this year.
New measures to financially support exporting companies are introduced in Uzbekistan
In accordance with the Decree of the President of the Republic of Uzbekistan “On additional measures to stimulate exporting enterprises” No.УП-6306 (the “Decree No.УП-6306”) dated September 7, 2021, starting from October 1, 2021, the following are approved
On July 7, 2021 President of the Republic of Azerbaijan adopted a Decree “On new division of economic regions in the Republic of Azerbaijan” dated July 7, 2021, #1386
The purpose of this Decree is to rearrange economic regions of the country in order to increase the efficiency of economic management after the liberation of the occupied territories of the Republic of Azerbaijan.