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BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) on 19 April held an environmental workshop in Kyrgyzstan’s Issyk-Kul region for small and medium-sized enterprises (SMEs) to share information about successful advisory projects supported by the Bank and stimulate further activity in this area. This is in response to the needs and concerns expressed by the Issyk-Kul government and local resorts to reduce costs and preserve the ecological situation in the region. Continue reading
ASTANA (TCA) — Kazakhstan’s Aktobe province is second after the capital city, Astana, in terms of creation of a favorable business climate, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported with reference to a study conducted by the Institute of Economic Research under the Ministry of National Economy of Kazakhstan. Continue reading
BISHKEK (TCA) — The Russian-Kyrgyz Development Fund (RKDF) has launched a lending program for small and medium-sized enterprises through Kyrgyz commercial banks. For SMEs, the interest rate will be 5% per annum for up to $1 million loans. Continue reading
ASTANA (TCA) — The current deficit of tenge liquidity and lack of credit resources in the national currency was the subject of the Kazakh parliament’s address to Prime Minister Karim Masimov and National Bank Chairman Daniyar Akishev, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on April 13. Continue reading
BISHKEK (TCA) — Entrepreneurship is an important driver of economic growth in Kyrgyzstan. In 2015, the share of small and medium-sized enterprises (SMEs) in the country’s GDP was 40.5%. Continue reading
BISHKEK (TCA) — The newly created destination management organization, Destination Karakol, unveiled plans last week to develop and promote the greater Karakol area as an appealing, year-round tourism destination in Kyrgyzstan’s Issyk-Kul province. This initiative is supported by the United States through the USAID Business Growth Initiative, the USAID BGI Project said. Continue reading
