International Monetary Fund is responsible for the development of tax policy in Uzbekistan
The International Monetary Fund (IMF) will develop a “road map” in the near future, the press service of the Ministry of Finance.
At the meeting held at the meeting, the IMF experts suggested that Uzbekistan establish a bureau for work with large taxpayers, introduce business approaches and technologies in tax administration, and create working offices in the regions for taxpayers of the standard regime.
Credit rating of Uzbekistan is expected at the level of Georgia, Ukraine and Ghana
It is expected that after the placement of Eurobonds, Uzbekistan will receive a rating at the level of BB or BB-.
It is expected that the rating will be obtained to create a benchmark for subsequent corporate emissions, and it is expected to be at the level of BB or BB- along with countries such as Ukraine, Georgia and Ghana.
Paynet announced a partnership with Bitfury
The founder of Paynet and LeBazar, chairman of the Public Council on ICT Development Botir Arifjanov announced partnership with Bitfury, a multi-disciplinary company. Bitfury, founded in 2011, is the largest industrial bitcoin miner with offices in San Francisco, Washington, Hong Kong, London, Amsterdam.
According to Paynet, the implementation of block-technologies in commercial projects and payment systems in Uzbekistan is already being discussed.
Uzbek free economic zone Angren triples number of new enterprises
Over 15 new projects worth more than $300 million, including $78 million in the form of direct foreign investments, will be implemented in 2018 in the territory of the Angren free economic zone (FEZ), a source in the FEZ directorate told Trend.
The investors with the volume of investment from $300,000 to $3 million receive benefits for a period of three years, the investor with the volume of investments from $3 million to $5 million – for a period of five years, from $5 million to $10 million – for a period of seven years, and more than $10 million – for a period of 10 years.
The assets of banks decreased by $ 170 million
The foreign currency and deposits of Uzbekistan increased in the first quarter by $ 425 million.
In the first quarter, the currency and deposits increased from $ 14.3 billion to $ 14.7 billion, showing an increase of $ 425 million.
The analysis by sectors shows that the assets of banks decreased from $ 2.9 billion to $ 2.7 billion (a decrease of $ 170 million), mainly due to a reduction in foreign currency in correspondent accounts of banks in Uzbekistan in foreign banks (from 2.3 billion dollars to 2.1 billion dollars).
Open discussion of investment proposals of foreign investors are held weekly
On July 12, the first meeting of foreign and local investors will be held in the Crystal Ballroom of the International Hotel.
The purpose of such meetings is to widely inform about the available resource, industrial and investment potential of the Republic, as well as to establish and deepen a direct and constructive dialogue between local and foreign investors, state and economic management bodies, and other participants in the investment process.
Meetings will be held in an open door format in which all interested parties can take part: foreign and domestic investors, representatives of diplomatic missions of foreign countries in the Republic of Uzbekistan, heads of state and economic management bodies.
Please click on the link to fill in the application for the meeting. https://invest.gov.uz/en/forma-zayavki
Uzbekistan to grow its own tea
Uzbekistan intends to become a serious player in the tea market in the next few years. In four regions of the country – Navoi, Tashkent, Jizzakh and Surkhandarya, industrial plantations to grow tea with a total area of 283 hectares will be established. By 2025, Uzbekistan will annually produce 189 tons of tea.