The Ministry of Finance has developed a new edition of the National Accounting Standard of the Republic of Uzbekistan (NSBU No. 4) “Inventories”. The draft document was discussed on the portal of draft regulatory legal acts of the Republic of Uzbekistan and finalized on the basis of proposals and comments.
The volume of cross-border transfers received in Uzbekistan made up US$2.4 billion, decreasing by US$156 million or 6% compared to the same period of the previous year. This was reported by the Central Bank of Uzbekistan.
Uzbekistan may attract new loans worth US$200 million to modernize the health care system and the sanitary-epidemiological service.
The State Tax Committee of Uzbekistan adopted the “Regulation on the conduct of tax audits”.
Asian Development Bank (ADB) President Masatsugu Asakawa and Uzbekistan’s Deputy Prime Minister, Minister of Investments and Foreign Trade, and ADB Governor Sardor Umurzakov today discussed ADB’s ongoing support for Uzbekistan’s fight against the coronavirus disease (COVID-19) pandemic and the bank’s portfolio of projects in the country.
In order to ensure the full functioning of the Humo payment system integrated with Mastercard, Visa, UnionPay and others, the Central Bank of the Republic of Uzbekistan upgraded the entire complex of IT equipment manufactured by the world famous IBM used in head office of the bank.
On 9 July 2020, an intergovernmental agreement on mutual promotion and protection of investments between Uzbekistan and Turkey entered into force.
On 9 July 2020, a protocol on amendments and additions to the intergovernmental Agreement on Avoiding Double Taxation of Income from 8 May 1996, signed during the visit of the President of the Republic of Uzbekistan to the Republic of Turkey on 25 October 2017, entered into force.
On 11 July 2020, in a video conference format, a ceremony of signing a loan agreement with the World Bank for a total of US$500 million for the implementation of a project to modernize agriculture in Uzbekistan was held.