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.…
Combined heat and power plants have been transferred to the economy mode under the order of the Kyiv mayor, due to which the capital will have enough coal by the end of the heating season, chief of staff at Kyiv City State Administration Volodymyr Bondarenko has stated. “Of the three combined heat and power plants…
Ukrenergo in 2016 saw net profit rise 3.7 times (by UAH 2.192 billion), to UAH 3.012 billion compared to 2015, the company said on its website. Its net income in the reporting period increased by 32% (by UAH 1.74 billion), to UAH 7.174 billion, while gross profit rose by 43.1% (by UAH 1.503 billion), to…
The Central Bank of Azerbaijan (CBA) raised 47.7 million mantas at a deposit auction, the CBA said. The CBA was ready to receive 150 million manats for deposit, however, the demand was less than supply. The weighted average interest rate on deposit transactions at the auction was 14.87%. The CBA started holding deposit auctions in…