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BISHKEK (TCA) — Loans to small and medium-sized enterprises (SMEs) in the Kyrgyz Republic will become more widely available to a greater number of domestic firms following the signing of a four-year Risk Sharing Facility (RSF) between the European Bank for Reconstruction and Development (EBRD) and Optima Bank of Kyrgyzstan. Continue reading
BISHKEK (TCA) — The Head of the OSCE Programme Office in Bishkek, Ambassador Pierre von Arx, together with local authorities, members of the Kyrgyz Parliament and entrepreneurs, last week opened two new Entrepreneurship Support Centres (ECS) in the cities of Jalal-Abad and Batken in southern Kyrgyzstan, the OSCE Programme Office in Bishkek said on May 21. Continue reading
NUR-SULTAN (TCA) — Micro, small and medium-sized companies in Kazakhstan will benefit from a syndicated loan of up to US$ 50 million arranged by the European Bank for Reconstruction and Development (EBRD) for the country’s largest micro-finance organisation, KMF, the Bank said on April 16. Continue reading
BISHKEK (TCA) — The University of Central Asia’s (UCA) School of Professional and Continuing Education (SPCE) organised an event on March 28 where 30 alumni of UCA’s entrepreneurship programme pitched business project ideas and competed for financial awards. The eight best pitches received grants from the United States Agency for International Development (USAID) for further business development. Winning projects include bakery and pastry shops, souvenir production, women’s clothing, and furniture businesses. Continue reading
TASHKENT (TCA) — Micro, small and medium enterprises (MSMEs) across Uzbekistan’s Ferghana Valley will benefit from a new rural enterprise development project approved last week by the World Bank’s Executive Directors. The project will be supported by a US$ 200 million loan from the International Bank for Reconstruction and Development. Continue reading
DUSHANBE (TCA) — Small and medium enterprises (SMEs) across Tajikistan will gain greater access to finance, thanks to a newly passed reform in secured transactions. Financing for banks and SMEs alike will become easier, less risky and less costly, thereby helping boost the country’s business and investment environment, the World Bank said on February 1. Continue reading
