Kyrgyzstan: government to finance start-ups

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: 45 mobile slaughterhouses needed to export more meat

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…

Ukraine: car imports down in 2016

In 2016 Ukraine imported almost 122,954 motor vehicles, totaling more than $1.9 billion. This is reported by UkrAutoprom (Ukrainian Motor Vehicle Manufacturers Association) on its website. In contrast to the previous year, Ukraine’s car imports increased by one third in 2016, while foreign currency expenses for their purchase rose by 74%. Most imports consisted of…

Uzbekistan: airways to fly to Burgas and Barcelona

Uzbekistan Airways is planning to launch charter flights to Burgas and Barcelona this summer. Charter flights aim at popularizing and realizing Uzbekistan’s tourism potential on Bulgaria and Spain’s markets. Recent charters to Bulgaria in summer 2016 and the Maldives in winter 2016-2017 have brought more foreign tourists to Uzbekistan and showed that Uzbek citizens were…

Uzbekistan: small business development fund to have 100 billion soums in authorised capital

The February 10 Presidential Resolution established the Small Business Development Guarantee Fund, a joint-stock company with offices across the regions. The document aims at supporting small business by opening access to commercial banks’ credits. The funds will help procure equipment, expand product range, and promote small businesses’ role in the socio-economic development. The fund’s authorized…

Ukraine: Ukrnafta to use UAH 360 million to intensify production in 2017

PJSC Ukrnafta plans in 2017 to invest UAH 360 million in intensification of hydrocarbon production, the press service of the company has said. According to its data, this year Ukrnafta plans to purchase 248 sections of electric submersible pumps, as well as submersible motors, gas separators, hydraulic protection, extension cables, submersible cables, submersible telemetry systems,…

Turkmenistan to develop market economy

Turkmen President Gurbanguly Berdimuhamedov during his inauguration ceremony held in Rukhiyet Palace in Ashgabat on February 17, named the support and development of entrepreneurship and market relations in different sectors of the country’s economy as one of the main objectives. A presidential election was held on February 12, in Turkmenistan. Gurbanguly Berdimuhamedov, who has been…

Ukraine: share of nuclear energy up

Ukraine has significantly increased the share of the nuclear energy in the overall energy balance of the country, president of Ukraine Petro Poroshenko stated at a meeting of the National Security and Defense Council (NSDC). “I am pleased to inform that we have increased the share of nuclear energy in the overall energy balance. From…