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TASHKENT (TCA) — Investors from South Korea in 2016 and 2017 will acquire 15-percent stakes in two large joint-stock commercial banks in Uzbekistan — Uzpromstroibank and Asaka Bank, Novosti Uzbekistana news agency reported. Continue reading
ASTANA (TCA) — Banks in Kazakhstan will get 200 billion tenge (more than $610 million) from the Common Saving Pension Fund to on-lend the money to domestic businesses, Novosti-Kazakhstan news agency reported with reference to the country’s National Bank. Continue reading
ASTANA (TCA) — Public procurement specialists from across Europe and Central Asia gathered in the Kazakh capital Astana on May 17 to share experiences and best practices in public procurement reforms. They discussed and promoted cross regional cooperation in public procurement and good governance at the 12th Procurement, Integrity, Management and Openness (PRIMO) Forum, the World Bank reported. Continue reading
DUSHANBE (TCA) — The European Bank for Reconstruction and Development (EBRD) is partnering with the government of Tajikistan to finance further improvements in solid waste management in Khujand, the main city in the country’s north. Continue reading
BISHKEK (TCA) — Economies across the European Bank for Reconstruction and Development (EBRD) regions are showing modest signs of an upturn after five consecutive years of slowdown, but the recovery expected for 2016 is slightly weaker than forecast six months ago, the EBRD Press Office said. Continue reading
BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) and Asian Infrastructure Investment Bank (AIIB) have agreed to deepen cooperation between the two organisations as they promote economic development and investment across countries where they are both active, the EBRD said. Continue reading
