Uzbekistan: business forum held in Tashkent

The regions of Uzbekistan and Tatarstan held a business forum in Tashkent. The event saw Deputy Prime Minister-Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov, President of the Republic of Tatarstan Rustam Minnikhanov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Uzbekistan Oleg Malginov and mayor of the Tashkent…

Tajikistan: ADB approves $25-million grant to help procure COVID-19 vaccines

The Asian Development Bank (ADB) has approved a $25-million grant to help the Government of Tajikistan procure and deploy coronavirus disease (COVID-19) vaccines and strengthen the country’s capacity to implement its vaccination program. “COVID-19 vaccines save lives and are vital to accelerating the economic recovery in Tajikistan and elsewhere,” said ADB President Masatsugu Asakawa. “Through…

Kyrgyzstan: investment inflow down in Q1 2021

Compared to the first quarter of 2020, inflow of foreign direct investment to Kyrgyzstan decreased by almost a quarter, the National Statistical Committee reported. The inflow of investments in January-March compared to the same period in 2020 decreased by 24.4% and amounted to $112.1 million. There was a decrease in the inflow of all components,…

Latvia: grey economy reaches 25.5%

Last year grey economy in Latvia increased by 1.6% YoY, reaching 25.5% of the country’s GDP, as reported by Stockholm School of Economics in Riga business center director Arnis Sauka at a press-conference dedicated to grey economy. He said that the grey economy had increased since 2021 and this was not a good thing. “If…