Archives for Uzbekistan

Uzbekistan and Hungary consider cooperation in textile industry

During negotiations between Uztekstilprom Association (Uzbekistan) and Ambassador of Hungary to Uzbekistan Peter Santo and the Association management, the sides discussed supplying high-quality textile products of domestic producers to the Hungarian market. The sides noted the untapped potential in the sphere of mutual trade. During the period of 2017, exports of textile products to Hungary reached $33,800.

Index of Economic Freedom 2018

About the Index of Economic Freedom 2018 The principles of economic freedom are measured in the Index of Economic Freedom, an annual guide published by The Heritage Foundation, Washington’s No. 1 think tank. For over twenty years the Index has delivered thoughtful analysis in a clear, friendly, and straight-forward format. The Index covers 12 freedoms – from property rights to financial freedom – in 186 countries. The 2018 Index  measures economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom: Rule of Law (property rights, government integrity, judicial effectiveness) Government Size (government spending, tax burden, fiscal health) Regulatory Efficiency (business freedom, labor freedom, monetary freedom) Open Markets (trade freedom, investment freedom, financial freedom) Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms, with equal weight being given to each. Rank Country Overall Change Mostly free 7 Estonia 78.8 -0.03 16 Georgia 76.2 +0.2 19 Lithuania 75.3 -0.5 28 Latvia 73.6 -1.2 Moderately free 67 Azerbaijan 64.3 +0.7 78 Kyrgyzstan 62.8 +1.7 41 Kazakhstan 69.1 +0.1 44 Armenia 68.7 -1.6 Mostly unfree 105 Moldova 58.4 +0.4 106 Tajikistan 58.3 +0.1 108 Belarus 58.1 -0.5 150 Ukraine 51.9 +3.8 152 Uzbekistan 51.5 -0.8 Repressed 169 Turkmenistan 47.1 -0.3 Source

Spain to support Uzbekistan in introduction of VAT refund system

Within the framework of the meeting with the director for Institutional Relations and Tourism of Innova Tax Free Group A.Santos, the Spanish side expressed its readiness to develop a shopping tourism development strategy for Uzbekistan, which also provides for the introduction of a system for refunding value added tax in purchasing consumer goods.