In January retail trade turnover in Ukraine increased by 3% YoY, the Ukrainian State Statistics Service reports. “In January retail trade turnover increased by 3.1% YoY, but dropped by 16.4% MoM,” the report states. The highest increase in retail trade turnover was recorded in Sumy region (9.7%), Kirovohrad region (8.6%), Vinnytsia region (7.7%), the city…
Following internal examination of the situation that led to the breakdown of the first regular flight between Dushanbe and Tashkent, the Somon Air sales manager Alisher Rustamov and other persons responsible for the breakdown of the flight have been fired and Somon Air has offered official apologies to Uzbek partners. An official statement released by…
Kyrgyzstan improved its indicators in logistics efficiency rating, having risen three positions up, the Director of the Pony Express company in Kyrgyzstan Janybek Karymshakov said. According to the World Bank estimates, Kyrgyzstan took 146th place in the logistics efficiency rating. There is an increase in figures. Back in 2014 the republic was on the 149th…
The Guarantee Fund has issued 16 guarantees for 11 million soms within four months to businessmen, Deputy Economy Minister Daniyar Imanaliev reported. According to him, as of today, one of the most problematic and unresolved issues is insufficient loan collateral. Approximately 40-50% of business applications are rejected by commercial banks because of lack of collateral.…
The government of Kyrgyzstan is developing a roadmap for business support. Possibility of start-ups financing is considered within the program, Deputy Economy Minister Daniyar Imanaliev announced. According to him, the program provides for the creation of additional financial instruments, in order for the businessmen to receive more support. In addition, the government is going to…
Kyrgyzstan shall create 45 mobile slaughterhouses in order to provide the planned large volumes of production and export of meat, Deputy Economy Minister Daniyar Imanaliev said. According to him, the government is currently developing a mechanism for concessional lending of export-oriented and import-substituting enterprises. In addition, Kyrgyzstan needs buffer infrastructure for the collection, logistics and…
Kyrgyzstan, using its geographical position and effectively implementing ambitious IT projects, may become “transit hub”, including the countries of Central Asia, the head of Civil Initiative of Internet Policy NGO Tattu Mambetalieva said at the opening of the 6th Forum of Information Technologies (KIT forum). The forum is held in Kyrgyzstan for the 6th time.…