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BISHKEK (TCA) — The European Bank for Reconstruction and Development’s (EBRD) President Sir Suma Chakrabarti is visiting Beijing on 15-16 January to finalize the details of China’s EBRD membership and to attend the inauguration ceremony of the Beijing-based Asian Infrastructure Investment Bank (AIIB), the EBRD press office said. Continue reading
ASTANA (TCA) — The Development Bank of Kazakhstan has allocated 11 billion tenge from the National Fund of Kazakhstan to support Kazakhstan’s car-making industry by lending to private individuals for the purchase of vehicles, the official website of the Prime Minister of Kazakhstan reported with reference to the Bank. Continue reading
BISHKEK (TCA) — On January 12 the National Bank of the Kyrgyz Republic issued licenses to Kompanion Bank CJSC to conduct banking operations in national and foreign currencies. Continue reading
ASHGABAT (TCA) — Authorities in Turkmenistan have restricted the use of hard currencies in the country. Banks in Turkmenistan have stopped selling US dollars but they still buy them, the Alternative News of Turkmenistan website reported on January 12. Continue reading
BISHKEK (TCA) — The work of the Russian-Kyrgyz Development Fund (RKDF) has been criticized not only by MPs and businessmen but also by President of Kyrgyzstan Almazbek Atambayev. If the RKDF does not work in the coming months, it would be necessary to make staff decisions, Atambayev said at a recent news conference. Continue reading
BISHKEK (TCA) — Yesterday, January 11, the exchange rate of the Kyrgyz currency, the som, weakened against the US dollar, to 76.3 soms per $1, against the background of the weakening Kazakh tenge and Russian rouble. Continue reading
