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ASTANA (TCA) — At the initiative of the Trade Committee of the Atameken National Chamber of Entrepreneurs of Kazakhstan a business meeting was held last week with a delegation of representatives of farms from the Osh region of southern Kyrgyzstan. The meeting was organized to build a partnership between Kyrgyz farmers and commercial enterprises of the Kazakh capital, Astana, for the early supply of fruit and vegetables and signing of long-term supply contracts, the National Chamber of Entrepreneurs of Kazakhstan said on its website. 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
ASTANA (TCA) — On February 11 the Senate of Kazakhstan’s Parliament ratified the free trade agreement between the Eurasian Economic Union member states and Vietnam. 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
ASTANA (TCA) — The first meeting of the Kazakhstan-Iran Business Council was held as part of the Kazakhstan-Iran business forum in Tehran on February 7 and 8. Continue reading
ALMATY (TCA) — The deficit of the balance of payments of Kazakhstan for 2015 is preliminarily estimated at US $5.3 billion compared to a surplus of $6 billion in 2014. The reason is the country’s decreasing exports, Novosti-Kazakhstan news agency reported with reference to the country’s National Bank. Continue reading
