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DUSHANBE (TCA) — Tajikistan’s economic growth is forecast to slow further in 2016, reflecting the need for accelerating reforms to develop competitive industries and exports, and to create jobs, says a new Asian Development Bank (ADB) report. Continue reading
DUSHANBE (TCA) — Urgent reforms are needed to improve Tajikistan’s economic competitiveness and diversification by unleashing the country’s potential for entrepreneurship and creativity. This may be achieved through creating an enabling environment for businesses, particularly for small and medium-sized enterprises that can provide the bulk of the employment the country needs, Chang Ching Yu, Asian Development Bank’s Country Director in Tajikistan, wrote in his article “Tajikistan: Never waste a crisis – see it as opportunity for reform”, published on the ADB official website on March 18. Continue reading
BISHKEK (TCA) — The Kyrgyz Government’s tasks include increasing production and exports and import substitution of agricultural products, Kyrgyzstan Prime Minister Temir Sariyev said on March 14 while reporting on the fulfillment of the Government’s Anti-crisis plan at the meeting of the Parliament’s majority coalition, the governmental press service said. Continue reading
BISHKEK (TCA) — Women entrepreneurs significantly contribute to the development of Kyrgyzstan. According to the National Statistical Committee, women make up 41% of the total employed population of the country and 31.3% of entrepreneurs engaged in small and medium-sized businesses. Continue reading
BISHKEK (TCA) — The fourth meeting of the Russian-Kyrgyz Development Fund (RKDF) Council held in Moscow last month decided to soften the Fund’s lending terms. The decision is extremely important for further development of Kyrgyzstan's economy during the next decade, RKDF Board Chairperson Nursulu Akhmetova said this week in Bishkek. Continue reading
BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) is stepping up its support for small businesses in the Kyrgyz Republic with a new loan in the local currency, som, to First MicroCredit Company (FMCC). Continue reading
