President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting on 24 February to discuss the current state and prospects of developing bilateral investment, trade and economic cooperation with Japan and the Republic of Korea.
The Legislative Chamber of the Oliy Majlis adopted a draft Law of the Republic of Uzbekistan “On Amending the Law of the Republic of Uzbekistan “On Microfinance”.
The Central Bank of Uzbekistan has developed the Anor instant payment system, which allows real-time interbank money transfers between legal entities and individual entrepreneurs and is available 24/7 (without breaks on weekends and holidays days).
A resolution of the President “On organizing the activities of the Ministry to support the makhalla and family of the Republic of Uzbekistan” was adopted.
The Ministry of Finance hosted a World Bank mission led by Ms. Tania Dmytraczenko, Head of Health Nutrition and Population Global Practice.
Within the framework of the large-scale international project “Global Money Week”, organized in order to increase the financial literacy of the population, on 17 February 2020, the Central Bank organized a regular meeting of the working group with the participation of representatives of the Capital Development Agency, Tashkent financial institution, IFC, Agency for the Development of Small Business and Entrepreneurship, Agency for the Development of the Insurance Market and Commercial Banks.
The tax code, which was in force until 1 January 2020, included 380 preferential provisions providing for exemption or having a preferential character.
On 17 February 2020, the Press and Information Agency under the Presidential Administration held a press conference "On the abolition of tax privileges from 2020, as well as full communication to the population and clarification of proposed reforms on tariff regulation".