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BISHKEK (TCA) — Official statistics and overall public opinion tell that foreign direct investment in Kyrgyzstan is declining and there is no investment at all in small and medium enterprises (SME). Kyrgyzstan has to react and the Government should understand that due to different factors such as international crisis, currency problems, cashless Russia, and Eurasian Economic Union membership, the country needs a new industrial approach with income from the China trade being replaced with local production and processing. Continue reading
ASTANA (TCA) — The first meeting of the Kazakhstan-Iran Business Council was held as part of the Kazakhstan-Iran business forum in Tehran on February 7 and 8. Continue reading
DUSHANBE (TCA) — The results of the high frequency survey Listening to Tajikistan covering the period of September to November 2015 were published on February 8 on the World Bank Tajikistan website. The survey aimed at measuring the impact of the economic slowdown in 2015 on households in Tajikistan was initiated by the World Bank in May 2015, with the opening of the high season for many workers from Tajikistan working abroad. Continue reading
ASTANA (TCA) — More than 32 thousand work permits were given to foreign nationals in Kazakhstan last year, according to the country’s Ministry of Health and Social Development, the official website of the Prime Minister of Kazakhstan reported on February 8. Continue reading
ASTANA (TCA) — The standoff between Turkey and Russia is a big problem for Kazakhstan, Kazakh President Nursultan Nazarbayev said last Saturday during his meeting with Turkish Prime Minister Ahmed Davutoglu in Astana, Novosti-Kazakhstan news agency reported. Continue reading
BISHKEK (TCA) — The Anticorruption Business Council of the Kyrgyz Republic will begin a review of laws that may impact effective protection of property rights of businesses and citizens. The primary goal of the initiative is to reduce the risk of corruption within judicial, fiscal, and law enforcement bodies that affect citizens and business. The project is being implemented with the support of the United States through the United States Agency for International Development (USAID), in partnership with the United Kingdom Department for International Development (DFID), the US Embassy in Bishkek said on February 4. Continue reading
