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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
OSH, Kyrgyzstan (TCA) — A United Nations park was opened in the southern Kyrgyz city of Osh on May 5. Located in Cheryomushki residential neighborhood, the park includes a children playground and a library, said the press service of the Osh municipality. Continue reading
BISHKEK (TCA) — Asian Development Bank (ADB) President Takehiko Nakao and Asian Infrastructure Investment Bank (AIIB) President Liqun Jin signed a memorandum of understanding (MoU) in Frankfurt, Germany on May 2 on the sidelines of ADB’s 49th Annual Meeting of the Board of Governors, ADB said. Continue reading
BISHKEK (TCA) — European sanctions on Russia and Russian counter sanctions on Europe, as well as new sanctions of Russia on Turkey, have forced European and Turkish manufacturers to find new ways to stay in the Russian market. A new model of export oriented cooperation between Russia and former Soviet States is now taking shape with the purpose to produce in Russia and in several Eurasian Economic Union (EEU) member countries. The new initiative “Made with Italy” is being promoted by the Italian Ministry of Economic Development as a new way of transferring technological know-how and other forms of cooperation to countries that enjoy the benefits of their membership of the EEU and are free from any form of sanctions. Continue reading
BISHKEK (TCA) — The demand for finance for major infrastructure and development projects in Asia and the Pacific shows no sign of slowing as regional economies seek ways to address moderating economic growth, inequality, and significant environmental risks, says the Asian Development Bank (ADB)’s 2015 Annual Report (2015 AR), released on April 22. Continue reading
BISHKEK (TCA) — The Kyrgyzstan-United Arab Emirates economic forum on April 14 in Bishkek gathered representatives of governments and business communities of the two countries. Continue reading
