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BISHKEK (TCA) — The Eurasian Development Bank (EDB) and Kyrgyzstan’s Aiyl Bank have entered into a US $10 million framework agreement to finance SME projects. The document was signed on October 11 by Dmitry Ladikov-Roev, Managing Director for Assets and Liabilities at the EDB, and Murat Akimov, Chairman of the Board at Aiyl Bank. Continue reading
BISHKEK (TCA) — Kyrgyzstan should create a competitive economy applying innovative technologies and open to attract investments, Kyrgyz President Sooronbai Jeenbekov said at a meeting with representatives of the business community on September 17. Continue reading
ASTANA (TCA) — The European Bank for Reconstruction and Development said it is providing a financial package of up to US$ 45 million to Bank CenterCredit, a long-term financial partner in Kazakhstan with 19 branches and over 100 outlets across the country. Continue reading
BISHKEK (TCA) — The Eurasian Development Bank (EDB) and Halyk Bank Kyrgyzstan entered into framework agreements for a total of US $5 million to support trade finance and SME finance programs. The instruments were signed on 8 August by Dmitry Ladikov-Roev, Managing Director for Assets and Liabilities at the EDB, and Aikyn Kabulov, Chairman of the Management Board at Halyk Bank Kyrgyzstan. The trade finance agreement is the EDB’s first transaction of this kind in Kyrgyzstan. Continue reading
TASHKENT (TCA) — Strengthening its support for the private sector in Uzbekistan, the European Bank for Reconstruction and Development (EBRD) is providing a synthetic local currency loan of up to US$ 5 million to DAVR Bank. This is the first EBRD loan to the bank aimed at expanding access to finance for local micro, small and medium-sized enterprises (MSMEs). Continue reading
ASHGABAT (TCA) — Promoting foreign trade activity and raising awareness of the opportunities and challenges associated with exports was the goal of a workshop in Ashgabat, the capital of Turkmenistan, organised by the European Bank for Reconstruction and Development (EBRD) with EU donor funding and in partnership with the EU Project “Support for Further Sustainable Agriculture and Rural Development in Turkmenistan – Phase III”, the EBRD said on June 28. Continue reading
