Kochkor-Ata Mayor’s Office intends to spend over 14 million soms on repair of three roads. Mayor’s Office budget will provide 1, 756.8 million for the widening of Pioneer Street. Reconstruction of Pioneer and Sadovaya Streets will cost 12,353.4 million soms. (24.kg/Business World Magazine)Details
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Kazakhstan and Mongolia may launch new flights, PM Karim Massimov said. At the government’s meeting the PM tasked the Ministry of Investments and Development to consider the issue of launching Bayan-Olgii-Almaty and Bayan-Olgii-Ust-Kamenogorsk routes. The Ministry of Agriculture was entrusted with a task to consider an opportunity of delivering meat to Semipalatinsk Meat Processing Plant…Details
The International Monetary Fund cut its forecast for growth of the Kyrgyz economy in 2016 to 2.2%. After a difficult start of the year, the pressures on the economy of Kyrgyzstan are beginning to moderate, helped by a stabilizing regional context. In the first half of 2016, overall and non-gold growth reached -2.3% and 1.2%…Details
British magazine “The Banker” included the International Bank of Azerbaijan (IBA) in the TOP-1000 of the most powerful and financially sustainable banks in the world. According to the ranking, the IBA is among TOP-25 of the best banks within the Central and Eastern Europe region based on assets volume, capital adequacy, ROA and ROE. “The…Details
The Eurasian Development Bank predicts 1.5% slowdown in the Kyrgyz economy. Tight monetary conditions may restrain economic growth in the Kyrgyz Republic. The slow pace of gold production’s increase is among the deterrent internal factors. Weakening of som exchange rate in the fourth quarter of 2015 helped smooth the increasing pressure by improving the trade…Details
Xinjiang Silu Changlong Investment Co., Ltd (China) is planning to create a food transport-logistic center in Bukhara region of Uzbekistan. Currently, the Chinese company is developing the project in cooperation with the Ministry of Economy of Uzbekistan. Within the project, it is planned to create a modern logistics center, two plants for processing of fruits…Details
The Board of the Central Bank of Uzbekistan kept the refinancing rate at the level of 9% APR. The regulator said that the Board of the Central Bank adopted the decision on keeping the refinancing rate at 9% APR. The Central Bank said that the decision was adopted based on tasks, determined in main direction…Details