Uzbekistan to sell state-owned shares in two commercial banks
TASHKENT (TCA) — The government of Uzbekistan has offered for sale state-owned stakes in the country’s two commercial banks, the Novosti Uzbekistana news agency reported. Continue reading
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World Bank and AIIB sign first co-financing framework agreement
BISHKEK (TCA) — World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin Liqun on April 13 signed the first co-financing framework agreement between the two institutions. Continue reading
Kazakhstan the largest recipient of World Bank funds in Europe, Central Asia
ASTANA (TCA) — Kazakhstan has become the largest country in Europe and Central Asia in terms of attraction of investments from the World Bank which have now reached $6.8 billion, First Deputy Minister of National Economy of Kazakhstan Marat Kussainov said on April 13, the official website of the Prime Minister of Kazakhstan reported. Continue reading
Kazakh parliament concerned about lack of long money for business
ASTANA (TCA) — The current deficit of tenge liquidity and lack of credit resources in the national currency was the subject of the Kazakh parliament’s address to Prime Minister Karim Masimov and National Bank Chairman Daniyar Akishev, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on April 13. Continue reading
Strengthening of tenge may harm Kazakh economy — National Bank
ALMATY (TCA) — A sharp strengthening of the Kazakh national currency, the tenge, which may occur due to growing supply of US dollars in the domestic currency market and low demand for dollars, would negatively affect Kazakhstan’s balance of payments and economy, the country’s National Bank said on April 11. Continue reading
Kyrgyz business and government need better understanding
BISHKEK (TCA) — Entrepreneurship is an important driver of economic growth in Kyrgyzstan. In 2015, the share of small and medium-sized enterprises (SMEs) in the country’s GDP was 40.5%. Continue reading
