TASHKENT (TCA) — In order to create favorable conditions for sustainable development of domestic production of high quality finished products, meet the consumer demand of the population, prevent unjustified price rises in the domestic consumer market, and to provide Uzbekistan’s producers with raw materials not produced in the country or produced in insufficient quantities, the President of Uzbekistan has adopted a decision “On measures for further streamlining of foreign economic activity of the Republic of Uzbekistan”, the Jahon information agency reports.

Continue reading

ASTANA (TCA) — Astana is to host the 1st forum of Business Ombudsmen of Kazakhstan and Russia on September 2, the Atameken National Chamber of Entrepreneurs of Kazakhstan reports.

Continue reading

ASTANA (TCA) — Implementation of the State Program of Industrialization gives real results, the First Vice Minister for Investment and Development Alik Aidarbayev told a press conference following the meeting of the Kazakh Government on August 22, the official website of the Prime Minister of Kazakhstan reported.

The Vice Minister noted that the goal of the State Program of Industrialization is diversification of production and growth of the manufacturing sector.

“Our economy, you know, needs diversification. This program has been implemented for several years. The results are obvious. Every year the growth of the manufacturing industry is visible,” the Vice Minister said.

Today the share of the manufacturing industry in Kazakhstan’s GDP is 12 percent and in the economy as a whole 30 percent, Aidarbayev said.

In his words, the manufacturing industry has become the main driver of Kazakhstan’s industrial growth.

Aidarbayev said that in January-May 2017, the export of the manufacturing industry was $6.2 billion, an increase over the previous period by 27.8 percent.

Aidarbayev also said that 40 projects will be implemented with the participation of foreign investors as part of the Industrialization Map.

In addition to the projects of the Industrialization Map, it is planned to implement more than 100 projects in the Special Economic and Industrial Zones for a total of 280 billion tenge, and to provide 6,800 people with new jobs.

BISHKEK (TCA) — A court in Kyrgyzstan has ordered the closure of the private TV channel Sentyabr (September) after ruling that it broadcast extremist content, RFE/RL’s Kyrgyz Service reported.

Continue reading

BISHKEK (TCA) — On August 22, Kyrgyzstan’s dairy company Siut Bulak has been sold to a Swiss investor in Bishkek, Kyrgyz Republic. Siut Bulak, whose products are marketed under the brand Dairy Spring, is one of the top players in the dairy industry in the country, the Embassy of Switzerland in the Kyrgyz Republic said.

Continue reading

TASHKENT (TCA) — The President of Uzbekistan has signed a Decree “On the establishment of the State Fund for Support of Entrepreneurship”. The document is aimed at further strengthening the financial support of private entrepreneurship, especially micro and small enterprises, and creating favorable conditions and opportunities for their accelerated development, the Jahon information agency reports.

Continue reading