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The establishment of state-owned companies was restricted In Uzbekistan

President Shavkat Mirziyev has signed decree «On additional measures for further development of competitive environment and reduction of state participation in economy». On 1 October, companies with State participation, affiliated persons and State ...

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Tourism will be supported by new benefits and subsidies

President Shavkat Mirziyoyev signed the decree «On additional measures for the development of the tourism industry with strict observance of the requirements of the enhanced regime of sanitary and epidemiological security». ince August 1, the «open ...

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The Central Bank will take steps to maintain an acceptable interest policy in banks

A macroeconomic analysis shows that, amid expectations that inflation will decline to 11-12.5 percent by the end of this year, and to 9 percent by the end of 2021, banks will set interest rates on deposits up to 23 percent enhances interest rate ...

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Business support

The Decree of the President «On the next measures to support the population and business subjects during the coronavirus pandemic» has been adopted. According to the Decree, for the period from 1 June to 1 September 2020, property and land taxes ...

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Digital economy

President Shavkat Mirziyoyev signed a decree “On measures for the widespread adoption of the digital economy and e-government” The main tasks are defined: the formation of a digital economy, providing for an increase in its share in the country’s ...

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Blockchain Valley

A project of the Uzbekistan Blockchain Valley will be at the National Agency for Project Management This kind of experimental valley that provide special legal regimes to their participants for testing digital technologies and developing ...

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Uzbekistan adopted anti-crisis measures

President Shavkat Mirziyoyev signed a decree “On priority measures to mitigate the negative impact of the coronavirus pandemic and global crisis on the national economy”. In accordance with the Decree, the Anti-Crisis Fund in the amount of 10 ...

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Credit rating at BB-

Rating-Agentur Expert RA confirmed the sovereign government credit rating (SGC) of Uzbekistan at ‘BB-’ (Sufficient level of creditworthiness of the government) and at ‘BB-’ (Sufficient level of creditworthiness of the government) in foreign ...

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On Free Economic Zones

The law on Special Economic Zones was signed on February 17 by the President of Uzbekistan Shavkat Mirziyoyev. The law shall come into force 3 months after signing, after which the old Law on Free Economic Zones of 1996 will lose it. The new law ...

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Licensing and permit issuance to be radically improved

On February 17, President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting on the priority tasks of radically improving the licensing and issuing permits in the field of entrepreneurship. It is pointed out that is necessary to ...