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BISHKEK (TCA) — The Anticorruption Business Council of the Kyrgyz Republic will begin a review of laws that may impact effective protection of property rights of businesses and citizens. The primary goal of the initiative is to reduce the risk of corruption within judicial, fiscal, and law enforcement bodies that affect citizens and business. The project is being implemented with the support of the United States through the United States Agency for International Development (USAID), in partnership with the United Kingdom Department for International Development (DFID), the US Embassy in Bishkek said on February 4. Continue reading
BISHKEK (TCA) — An International Monetary Fund (IMF) mission led by Mr. Edward Gemayel visited Kyrgyzstan during January 29 to February 4 to discuss recent economic developments, government policies and economic prospects in the context of a challenging regional environment. The discussions also prepared the ground for the second review mission under the Fund supported Extended Credit Facility, tentatively scheduled for April 2016, the IMF said. Continue reading
BISHKEK (TCA) — The decision of the European Union to grant GSP+ status to the Kyrgyz Republic opens up new potential of economic relations between the two partners and offers opportunities for Kyrgyzstan to increase and diversify its export and strengthen its economy, the European Union’s Delegation to the Kyrgyz Republic said on February 2. Continue reading
BISHKEK (TCA) — Gulnur Januzakova from the village of Kurbu in Kyrgyzstan’s Issyk-Kul province delivers valerian roots grown in her garden to Germany. She started growing this medicinal herb on an area of 100 square meters and received a first harvest of 280 kilograms. She expects to gather the same harvest this year. Continue reading
BISHKEK (TCA) — Corruption, a lack of governmental transparency, and an unpredictable legal and regulatory environment are key constraints to business in Kyrgyzstan, according to a survey released on January 29 by the International Finance Corporation (IFC), a member of the World Bank Group. Continue reading
BISHKEK (TCA) — Remittances from Kyrgyz labor migrants abroad decreased by 37 percent in 2015 compared with 2014, Kyrgyzstan’s National Bank said. In 2014, labor migrants sent home $2.17 billion and only $1.41 billion for 9 months of 2015. Continue reading
