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Macroregional Context

Uzbekistan eliminates double taxation on imports in move toward WTO membership

Uzbekistan's Senate has adopted legislation that dismantles a longstanding practice of applying double customs duty rates to imported goods and services — a regulatory...
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Macroregional Context

Uzbekistan receives International Monetary Fund recommendations for tax system overhaul

The International Monetary Fund has outlined a comprehensive roadmap for reshaping Uzbekistan's taxation framework, aiming to strengthen the country's fiscal position and create a...
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Macroregional Context

Uzbekistan introduces enhanced subsidized lending system for garden cultivation

Starting October 1, Uzbekistan has implemented a new financing framework for projects aimed at creating new gardens and orchards. Subsidized loans will be distributed...
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Macroregional Context

Uzbekistan enacts new law on creative economy to boost architecture, design, and applied arts

Uzbekistan has introduced a new law on the creative economy, which also includes architecture, urban planning, design, and applied arts. The goal of the...
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Macroregional Context

Entrepreneurs to receive incentives for building private schools in Uzbekistan

Entrepreneurs interested in opening private schools in Uzbekistan will be eligible for loans of up to $1.6 million, as announced by President Shavkat Mirziyoyev...
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Macroregional Context

Uzbekistan introduces new land allocation system and tax incentives to boost investment

In response to numerous complaints about difficulties in securing land for construction, President Shavkat Mirziyoyev has unveiled a new system for allocating land plots...
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Macroregional Context

Uzbek banks to halt lending to major state-owned companies and focus on private business

Uzbekistan’s banks will gradually stop providing loans to large state-owned companies and shift their focus to private businesses, President Shavkat Mirziyoyev announced on August...
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Macroregional Context

Uzbekistan’s government allocates $1.7 billion for small business development

In an ambitious move to spur economic growth and innovation, Uzbekistan is set to launch a comprehensive support program for small businesses starting October...
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Macroregional Context

Kazakhstan’s government allocates $3.7 billion for the development of monocities

In a major stride towards socio-economic development, the Government of Kazakhstan has announced a significant investment of approximately 1.7 trillion tenge ($3.7 billion) aimed...
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