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DUSHANBE (TCA) — Urgent reforms are needed to improve Tajikistan’s economic competitiveness and diversification by unleashing the country’s potential for entrepreneurship and creativity. This may be achieved through creating an enabling environment for businesses, particularly for small and medium-sized enterprises that can provide the bulk of the employment the country needs, Chang Ching Yu, Asian Development Bank’s Country Director in Tajikistan, wrote in his article “Tajikistan: Never waste a crisis – see it as opportunity for reform”, published on the ADB official website on March 18. Continue reading
BISHKEK (TCA) — The fourth meeting of the Russian-Kyrgyz Development Fund (RKDF) Council held in Moscow last month decided to soften the Fund’s lending terms. The decision is extremely important for further development of Kyrgyzstan's economy during the next decade, RKDF Board Chairperson Nursulu Akhmetova said this week in Bishkek. Continue reading
TASHKENT (TCA) — Uzbekistan’s Navoi Free Industrial and Economic Zone (FIEZ) has attracted more than $40 million of foreign direct investments from China, Singapore, South Korea, India, Italy, the UAE, and Great Britain, Novosti Uzbekistana news portal reported. Continue reading
ALMATY (TCA) — Production of paper from technical (non-narcotic) hemp within the framework of import substitution policies was discussed last week at a meeting of the Secretariat of the Manufacturing Industry Committee of the Atameken National Chamber of Entrepreneurs of Kazakhstan. Continue reading
ASTANA (TCA) — Chinese Ambassador to Kazakhstan Zhang Hongwei last week met with Kazakh media to talk about plans of creation of new Kazakh-Chinese joint ventures and transfer of production facilities from China to Kazakhstan, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on its website. Continue reading
TASHKENT (TCA) — Last year some 4.8 thousand companies with foreign investments operated in Uzbekistan, and the country registered 494 new companies with foreign investment, including 330 in the capital Tashkent, Novosti Uzbekistana news portal reported. Continue reading
