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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 still holds on to overall economic growth – in contrast to its other major-size partners within the EEU namely Russia, Kazakhstan and Belarus, which have suffered from considerable contractions through the year 2015. In this country, the main question is not just growth, but how to adjust the breakdown of the national economy in such a manner that the staggering 40 per cent of the population consisting of deprived citizens can get the opportunity to improve their lives. Continue reading
BISHKEK (TCA) — The government of Kyrgyzstan will focus on agriculture development, Prime Minister Temir Sariyev said in the Kyrgyz parliament on February 11. Continue reading
ASTANA (TCA) — On February 11 the Senate of Kazakhstan’s Parliament ratified the free trade agreement between the Eurasian Economic Union member states and Vietnam. Continue reading
ASTANA (TCA) — Kazakhstan President Nursultan Nazarbayev has proposed declaring 2016 the “year of deepening economic relations of the Eurasian Economic Union (EEU) with third countries and key integration associations”. Continue reading
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
