Viewing results 1 - 6 of 1684
BISHKEK (TCA) — Official statistics and overall public opinion tell that foreign direct investment in Kyrgyzstan is declining and there is no investment at all in small and medium enterprises (SME). Kyrgyzstan has to react and the Government should understand that due to different factors such as international crisis, currency problems, cashless Russia, and Eurasian Economic Union membership, the country needs a new industrial approach with income from the China trade being replaced with local production and processing. Continue reading
BISHKEK (TCA) — Canada-based Centerra Gold Inc., the largest Western-based gold producer in Central Asia which is also developing the Kumtor gold deposit in Kyrgyzstan, on February 4 announced that the Mongolian Parliament had passed a resolution setting the state ownership interest in the Gatsuurt Project at 34% and authorizing the Mongolian government to complete negotiations with Centerra on the terms of such ownership. Continue reading
BISHKEK (TCA) — The Kyrgyz Government plans to offer its shares of a major player in the country’s telecommunication market, Alpha Telecom CJSC (MegaCom brand), for sale through auction. The state owns 100% of the company’s shares. The company covers 98 percent of the country with mobile communication and has more than three million subscribers. Continue reading
ALMATY (TCA) — Kazakhstan’s currency is in a very bad shape. There are various reasons for that, and although President Nazarbayev advises his citizens not to buy imported goods, people on the street feel the pinch and try to switch to dollars as much as they can. The crash in global prices of oil and other commodities has already brought Russia and Azerbaijan currencies to their lowest level losing more than 50%. Kazakhstan is not doing any better with the tenge moving, in about two years, from about 150 tenges per dollar to the incredible low level of close to 400 and the situation has much to do with the ever shifting National Bank policies. Continue reading
BISHKEK (TCA) — That was said at the February 4 news conference by Kyrgyzstan Deputy Economy Minister Kylychbek Jakypov and Ambassador Cesare de Montis, head of the EU Delegation to the Kyrgyz Republic. Continue reading
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
