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January 17, 2014


January 17, 2014


Special currency regime to operate in Navoi FIEZ.. 2


Magic of Archeologists. 3


A Timeless Art. 4



Press-service of MFA of the Republic of Uzbekistan


Special currency regime to operate in Navoi FIEZ

In Navoi free industrial economic zone (FIEZ) will be introduced a special currency regime.

The relevant Regulations have been approved by the Resolution of the Cabinet of Ministers of Uzbekistan on December 25, 2013.

The document defines the functioning of a special currency regime in Navoi FIEZ.

These regulations apply only to activities undertaken by business entities, registered by Navoi FIEZ Directorate solely in Navoi FIEZ.

According to the document, Parties in Navoi FIEZ (hereinafter- Parties) may choose authorized banks and are entitled to open foreign currency accounts in one or several authorized Uzbek banks.

Parties may also have accounts in foreign banks with the permission from the Central Bank of Uzbekistan in accordance with legislation.

Their funds in foreign currency should be in accounts in authorized banks and may be used by them independently.

Proceeds in foreign currency, including from exports of goods (works, services) shall be credited to their accounts within authorized banks.

Parties are permitted to carry out within Navoi FIEZ settlements and payments in foreign currency in accordance with agreements and contracts between them.

Parties have the right to pay in foreign currency for goods, works and services from other economic entities – residents of the Republic of Uzbekistan.

In addition, participants can use convenient terms and forms of payments for exported and imported goods.

Business entities – residents of the Republic of Uzbekistan, non Parties, have the right to sell goods, works and services to Parties for foreign currency.

On foreign currency accounts of Parties in authorized Uzbek banks can be credited funds in foreign currency:

– on foreign trade payments;

– on payments within contracts signed with Parties.

– purchased through authorized Uzbek banks

– cash in foreign currency received by Parties in cases prescribed by legislation ;

– added to charter fund (authorized capital) of Parties in manner prescribed by law;

– on loans and foreign investments in accordance with the legislation, and payments related to their implementation ;

– payments on debit and credit cards;

– non-trade payments in cases prescribed by law;

– received in the form of grants from abroad in accordance with legislation;

– transferred from other accounts of account holder;

– in other cases not prohibited by law.

Funds in foreign accounts of Parties in authorized Uzbek banks at account holder request may be:

– transferred for payments related to current international operations;

– transferred to accounts of Parties in accordance with agreements and contracts;

– transferred to accounts of other economic entities – residents of the Republic of Uzbekistan in return for supply of goods, works and services;

– used to pay commission on foreign currency transactions to authorized bank, for payment of expenses related to employees business trips outside Uzbekistan (including in cash) in prescribed manner;

– used for repayment of loans, interest;

– transferred on expenses for including in charter capital (authorized capital) of legal entities in accordance with legislation;

– sold to servicing bank on the territory of Uzbekistan;

– used to pay salaries of Parties’ non-resident staff;

– transferred to Parties other accounts, opened in other authorized Uzbek banks;

– used for non-trade payments in cases prescribed by law;

– used in other cases established by legislation.

All movement of funds through Parties accounts, opened in banks abroad, should be carried out in accordance with Uzbek laws, on the basis of which has been granted permission to open foreign bank accounts.

Parties can buy and sell foreign currency in domestic market through authorized banks by submitting an application and related documents in manner established by law.

Regulations also prescribe procedure of accounting and export and import contracts fulfillment.

Control over the correctness of Parties’ currency transactions shall be carried out by state tax agencies of Uzbekistan in accordance with legislation.

Authorized banks shall submit to the Central Bank of Uzbekistan reports on foreign exchange operations on the territory of Navoi FIEZ in the form and terms established by the Central Bank of the Republic of Uzbekistan.

Parties, who violate the requirements of the Regulations and the legislation on currency regulation, shall be held responsible in the manner prescribed by law.

(Source: “Business” newspaper)



Magic of Archeologists

Over the past 50-60 years archeological finds obtained during excavations in Central Asia, have presented the science with enormous discoveries. Selungur, Chashma, So’kh-South Farghona, Ko’lbuloq – Angren – their geological ages are about 1.5 million years.

Today, archeology is moving with rapid strides. On the basis of diverse the workers of this field of science have been defended not a few theses, and lots of books written. Head of the Tashkent branch of the Institute of Archeology at the Academy of Sciences of Uzbekistan Abdulhamid Anarbaev is among those scholars dedicated his life to archeology.

– What are the achievements of the Institute over the past year?

– Uzbek archeology for many years is on the focus of scientific circles abroad. We have our place in the system of archeological investigation. Since independence it has been managed to reach a wider arena of activity. Over the past year more than 15 joint expeditions were organized with partners from France, Italy, Japan, Germany and other countries in Europe and Asia. Recently, two contracts have been concluded, one with South Korea, whose main objective is the Great Silk Road, and second – with the Beijing University of Archeology. Works are to begin soon.

– What are the plans for this year?

– The first is a set of archaeological sites that is preparation of the cards of landmarks and their evaluation. Last year a law was approved on the protection of such monuments, which count more than eight thousand in the territory of Uzbekistan, dating back from the Stone Age to the 17th century. Only in Andijon region was discovered more than 50 monuments, which previously were unknown. And, for example, in Samarqand region there are over 100 of them.

– Why are they kept unknown?

– There are those monuments barely possible to identify on the surface. Another thing is the major monuments such as Afrosiyob, where everything is on the surface. And sometimes you look at barrow and think that nothing special. We begin to study the terrain, sometimes make satellite images. If nothing on the surface – remove the top layer, clean it, and then dig. And suddenly discover monuments.

– And which of the finds discovered last year was the oldest?

– I tell you something interesting. 10 years ago in Tashkent region were found the remains of ancient man. All these years, studies were carried out, including genetic. And curiously, according to science, man, named Neanderthal died out more than 70,000 years ago. And from 50 to 70 thousand years ago, as it turned out, on the territory of modern Uzbekistan lived Homo sapiens, whose genetic code contains an admixture of Neanderthal ancestors. Until last year, scholars believed that the earliest of our ancestors were still unknown. Now it appears that Neanderthals did not die out completely, and participated in the development of modern man… As early as in the middle ages, in Samarqand, in Kofirqal’a, that is the country residence of the Samarqand rulers of that period, for the first time was found the Cuman gold coin. This is also a great event.

– And what about the sensational story with a mammoth?

– This is another story in the area of Angren. Because of the sudden mudslide in 20 km southeast of Ohangaron next to the village Ovjazsoy animal bones were washed up on the surface. Locals informed the local authorities about this. Our colleague Konstantin Krokhmal was send there. He saw a mammoth in these remains. Earlier in different locations had been found small bone fragments, but no one could say with certainty that this was the legendary ancient giant. And, now… The approximate date of the remains is 1,700,000 – 1,800,000 years. So, about two million years ago, mammoths inhabited here. Longstanding dispute on this subject is exhausted. Not far from that place the tools of ancient man were found, by which one can suppose that people lived next to the giants.

– What else can you tell about the discoveries of archeologists of Uzbekistan?

– It is possible to tell endless story. For example, in the Farghona Valley in the 9th, 10th, 11th centuries there were two kinds of manufacturing Damascus steel. Yes, it was manufactured partly here, and only sold in Damascus, hence the name. At the same time, local craftsmen at toughening could reach 1,600-1,700 degrees in Fahrenheit – unreal temperature for that time. Technology did reach our days. Probably in the future we will be able to solve this riddle?

– What else do you expect from this year?

– I would like to strengthen our technical capabilities. They are well enough, but always there is a wish to have something more. And in general, written sources give an idea about the peoples who lived on the territory of Central Asia, the most for the last 2,000 years. Until the 9th century we to 90 percent rely on archaeological finds. But scholars dream to reconstruct the history from the very beginning. We should work hard for that. As archeology is a magic, a mystery, for which it is necessary to work hard, freeze from cold, and broil in the sun. But all who want to become a real magician should experience all the challenges of this difficult profession.

(Source: “Uzbekistan Today” newspaper)



A Timeless Art

Over a hundred antique pieces of glass, metal and elephant ivory, as well as photos of some of them are put on display at the exhibition in the Ikuo Hirayama International Caravansarai of Culture of the Academy of Arts of Uzbekistan.

Residents and guests of the capital have seen the unique collection of rarities in the first days of the new year in two halls of the Caravansarai of Culture.

“It is rather impressive to witness this historical event. All these masterpieces were created more than one-two thousand years ago,” commented a historian Tatyana Doroshenko. “We come here with my students of the department of history of the National University of Uzbekistan specially to see the exhibition. The young people study thoroughly each of the exhibit, admire with their subtlety and fine work.”

Distinctive items, represented in the exhibition even today are the study object for many celebrated archeologists of the country. Each of the pieces is the historical, cultural find telling the people of present day about the rich heritage of their forefathers, fragility and at the same time incredible power of the art.

The patterned glassware, massive metal accessories and household utensils – each of the exhibits ‘tells’ its story.

“It is extremely interesting to study the archeological finds. Therefore, I try not to miss similar exhibitions,” says a future designer, student at the Kamoliddin Behzod National Institute of Arts and Design, Setora Mahmudova. “Together with my peers I explored each exhibit, and we learnt much new about the history of our home land. But the most important is the decorations and patterns of articles of past times remain topical even today. In particular, these are geometric ornaments, popular in the medieval, early ethnic patterns and even elements of currently trendy ‘high-tech’ technology.”

(Source: “Uzbekistan Today” newspaper)