Kazakh garment retailers switching to import substitution

ASTANA (TCA) — The volatility of the Kazakh national currency, the tenge, has made local retailers of imported clothing to gradually switch to selling domestically produced garment. As part of this trend, the first store selling women's and children's clothing and jewelry made by Kazakhstani designers has been opened in the capital Astana with the support of the Atameken National Chamber of Entrepreneurs of Kazakhstan, the Chamber reported on its website. Continue reading

Russian-Kyrgyz Development Fund fails to live up to expectations

BISHKEK (TCA) — The work of the Russian-Kyrgyz Development Fund (RKDF) has been criticized not only by MPs and businessmen but also by President of Kyrgyzstan Almazbek Atambayev. If the RKDF does not work in the coming months, it would be necessary to make staff decisions, Atambayev said at a recent news conference. Continue reading