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BISHKEK (TCA) — Bank loan interests are high in Kyrgyzstan, despite the fact that the discount rate of the National Bank of the Kyrgyz Republic has decreased since 2017 to 4.25% — which is a rather low level. Continue reading
NUR-SULTAN (TCA) — At a press conference on May 22, Kazakhstan’s Deputy Minister of National Economy Yermek Alpyssov reported on the development of small and medium-sized businesses in the country and the support measures provided under the state program Business Roadmap 2020, the official website of the Prime Minister of Kazakhstan reported. Continue reading
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
