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BISHKEK (TCA) — The latest row leading to the Kyrgyz Government’s resignation has been a perfect example of the negligence with which the outgoing cabinet treated the country’s urgent economic problems. Since the outgoing PM was a technocrat from outside of the three-party parliamentary coalition, the partnership remains intact with no outlook on so-called snap elections. But the problems faced by the new team need a much better approach than till now. Continue reading
BISHKEK (TCA) — The Russian-Kyrgyz Development Fund (RKDF) has launched a lending program for small and medium-sized enterprises through Kyrgyz commercial banks. For SMEs, the interest rate will be 5% per annum for up to $1 million loans. Continue reading
BISHKEK (TCA) — The European Union Film Festival jointly organized by the Delegation of the European Union to the Kyrgyz Republic and the Embassies of the EU Member States will open its doors on 20 to 24 April 2016 at the Ala-Too cinema in Bishkek. Continue reading
BISHKEK (TCA) — Kazakhstan is the richest country in the Commonwealth of Independent States (CIS) according to The Richest Countries in the World, the ranking prepared by the Global Finance Magazine. Continue reading
ASTANA (TCA) — The World Bank Board of Directors has approved a US $5 million grant by the Global Environment Facility for providing technical support to the Government of Kazakhstan and the local insurance market to help address the effects of climate change on the national economy through the development of an advanced insurance market infrastructure, the World Bank said. Continue reading
TASHKENT (TCA) — The government of Uzbekistan has offered for sale state-owned stakes in the country’s two commercial banks, the Novosti Uzbekistana news agency reported. Continue reading
