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…
Kyrgyz Ministry of Finance for the first time has issued seven-year government treasury bonds (T-bills) valued at 500 million soms, its press service reported. It is noted that the seven-year T-bills issue was held in the execution of the Medium-Term Public Debt Management Strategy. According to the document, the Ministry of Finance will increase the…
Kyrgyz citizens will able to get mortgage loans on Affordable housing program in the middle of 2017, the Chairman of the State Mortgage Company Bakytbek Shamkeev said. According to him, the State Mortgage Company has signed an agreement with the Ministry of Finance at 2.5 billion soms. Last year, 1 billion soms was provided. However,…
In Q1-3 2016 the volume of private transfers of funds from Kyrgyzstan to Russia amounted to $133 million, according to the Central Bank of the Russian Federation. In January-September 2016 CIS countries transferred $1 billion 72 million to Russia, down by $38.9 million YoY. In 2015 the volume of private transfers to Russia from CIS…