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BISHKEK (TCA) — The economy of Kyrgyzstan has fallen by 10.7% in January compared to 2015. The Government explained the decline in GDP by reduced gold production at the Kumtor gold mine due to mining in an ore area with low gold content. Continue reading
BISHKEK (TCA) — The Chairperson of the Russian-Kyrgyz Development Fund (RKDF) Nursulu Akhmetova this week told the media about the results, new directions and prospects of the Fund activities. Continue reading
BISHKEK (TCA) — Kyrgyzstan still holds on to overall economic growth – in contrast to its other major-size partners within the EEU namely Russia, Kazakhstan and Belarus, which have suffered from considerable contractions through the year 2015. In this country, the main question is not just growth, but how to adjust the breakdown of the national economy in such a manner that the staggering 40 per cent of the population consisting of deprived citizens can get the opportunity to improve their lives. Continue reading
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
DUSHANBE (TCA) — The European Bank for Reconstruction and Development (EBRD), in partnership with the Pilot Program for Climate Resilience (PPCR) of the Climate Investment Funds, held an event to mark the formal launch of CLIMADAPT, the Tajikistan Climate Resilience Financing Facility, on February 3 in Dushanbe. CLIMADAPT aims to help Tajik households, businesses and farmers cope with the effects of climate change and to support the country’s transition towards a green economy, the EBRD press office said. Continue reading
BISHKEK (TCA) — Corruption, a lack of governmental transparency, and an unpredictable legal and regulatory environment are key constraints to business in Kyrgyzstan, according to a survey released on January 29 by the International Finance Corporation (IFC), a member of the World Bank Group. Continue reading
