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ALMATY (TCA) — The Trade Committee of the Atameken National Chamber of Entrepreneurs of Kazakhstan on February 19 held a meeting with the participation of state bodies and entrepreneurs on the development of "Business on Wheels" project as a way to earn during the crisis in Kazakhstan. Continue reading
ASTANA (TCA) — The Development Bank of Kazakhstan has conducted a stress test to see the ability of borrowers to perform if the exchange rate of the Kazakh tenge falls down to 500 tenge per dollar, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported. Continue reading
BISHKEK (TCA) — Theoretically, Kyrgyzstan may withdraw from the Eurasian Economic Union (EEU) with Armenia, Belarus, Kazakhstan, and Russia as its regulations allow its member countries to do so, but the country would not have any good alternative, Kyrgyz Deputy Prime Minister Oleg Pankratov told a press conference in Bishkek. Continue reading
BISHKEK (TCA) — Kyrgyzstan’s imperfect legislation does not help attract investment in the country and even scares investors away, said experts at the recent roundtable to discuss the investment climate in the country. Continue reading
DUSHANBE (TCA) — Tajikistan’s Finance Minister Abdusalom Qurboniyon and the World Bank Country Manager for Tajikistan, Patricia Veevers-Carter, on February 17 signed an agreement to finance the Public Finance Management Modernization Project II (PFM-II). The project is financed from the International Development Association in the amount of US$10 million and from the United Kingdom Department for International Development (DFID) in the amount of US $9.8 million, the World Bank said. Continue reading
ASTANA (TCA) — Kazakhstan should keep the inflow of foreign investments in the manufacturing sector as investments are declining in other sectors of the country’s economy, Yerlan Khairov, the chairman of the Investment Committee of the Kazakh Ministry of Investment and Development, said at a media briefing on February 16, the official website of the Prime Minister of Kazakhstan reported. Continue reading