TASHKENT (TCA) — The Asian Development Bank (ADB) has approved a $100 million loan that will be extended to four financial institutions for on lending to small businesses—the backbone of Uzbekistan’s economy, the ADB Country Office said.
KABUL (TCA) — Afghan President Ashraf Ghani has welcomed Washington’s decision to slow down U.S. military withdrawal from Afghanistan, RFE/RL reported.
BISHKEK (TCA) — As of 31 May 2016 Kyrgyzstan’s state debt amounted to US $3.944 billion, including $3.698 billion of foreign debt and $246 million of internal debt, the country’s Finance Ministry said.
TASHKENT (TCA) — Polaris Technologies (the Artel trademark) has announced the start of production of two Samsung refrigerator models in Uzbekistan, Novosti Uzbekistana news agency reported.
ASTANA (TCA) — A meeting of Kazakhstani producers with Michael Roberts, the head of the consulting company Roberts Group, a representative of the US retail company Wal-Mart Stores Inc, operating under the trade mark Walmart, was held at the initiative of the Atameken National Chamber of Entrepreneurs of Kazakhstan. Mr. Roberts arrived in Kazakhstan to explore the possibilities of trade and economic cooperation with Kazakhstan, Atameken reported on its website.
BISHKEK (TCA) — The Aravan Agro Service more than doubled its potato yield and profits in 2016 by partnering with the United States through the USAID Agro Horizon project. Moving to early potato production with high quality seeds and training on effective sales and marketing techniques allowed this cooperative of 217 farmers to increase production from 10 to 25 tons per hectare and sell their produce at significantly higher prices, the US Embassy in Bishkek said on July 6.
