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BISHKEK (TCA) — As Kyrgyzstan faces state budget deficit the Government is trying to raise budget revenues at the expense of the citizens. In February 2016, compulsory insurance of residential real estate and motor transport will be introduced in Kyrgyzstan. Continue reading
LONDON (TCA) — Study material publicised over summer last year by the World Travel & Tourism Council on the development of Central Asia’s tourism sector shows disappointing figures in terms of the contribution from the sector to the region’s overall economic development. Opening up the area for larger numbers of tourists would make transportation and accommodation cheaper, and the destination, which has many interesting things to offer, more competitive. Continue reading
BISHKEK (TCA) — The Government of Kyrgyzstan has developed an affordable housing program until 2020 for public-sector employees. Continue reading
BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) invested a record amount in the Central Asian region in 2015. Last year’s total investment rose 75 per cent to €1.402 billion from €803 million, in 82 different transactions following 71 projects in 2014. This brings the total EBRD financing in Central Asia to just over €10 billion, the Bank said. Continue reading
BISHKEK (TCA) — Small and medium enterprises account for around 40 percent of GDP in Kyrgyzstan, Deputy Economy Minister of Kyrgyzstan Daniyar Imanaliyev said at the January 13 roundtable on the development of small and medium business, said the press service of the Economy Ministry. 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
