Kazakh National Bank forecasts inflation rate in the country to decrease to 6.5-7% in 2017, and to begin to smoothly enter the target range of 5-7% in 2018, the bank said in a message. “Slowdown of inflation will occur on account of a decrease in inflation expectations, an enhancement of stability and predictability of the…
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, 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.…
The Islamic Corporation for Development of the Private Sector (ICD) intends to establish the investment fund in Tajikistan to support small and medium-sized enterprise (SME) business there, according to the National Bank of Tajikistan (NBT). This issue was reportedly discussed on February 17, at the meeting of the NBT head Jamshed Nourmahmadzoda with the ICD…
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…