Uzbekistan has established a Guarantee Fund for small business development. The President of the Republic of Uzbekistan signed the corresponding decree on February 10. The State Committee of the Republic of Uzbekistan for privatization, demonopolization and development of competition acts as the main founder of the fund, while the Association of Banks of Uzbekistan, Chamber…
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…
The Ministry of foreign economic relations, investments and trade held a meeting with representatives of the delegation of the Korean Federation of textile industries (KOFOTI) and the Korean Institute of Industrial Technology (KITECH). During the meeting, detailed information about the benefits and preferences created for foreign investors, particularly in the textile sector, as well as…
Compared with 2015, the number of complaints about the public procurement process in Kyrgyzstan increased by 40%, the MP Ulan Primov said. According to him, the Accounting Chamber reveals most of the shortcomings in the regional departments of capital construction. MP is sure that the growth in complaints of public procurement suggests an increase in…
With external pressures subsiding, economic indicators of Kyrgyzstan have improved, but the recovery remains modest. The head of the International Monetary Fund mission Edward Gemayel said, following his visit to the Kyrgyz Republic. IMF mission visited Bishkek on February 9-15. The specialists took stock of the latest economic developments and discussed progress on economic reforms.…
The European Union has allocated to Kyrgyzstan a grant financial assistance for the development of regions. The agreement was signed in Brussels within the working visit of Almazbek Atambayev. The first tranche of EUR10 million is to be spent on the development of agriculture in Jalal-Abad region. EU will allocate EUR 72 million for 7…
In January-September 2016 the level of the shadow economy in Ukraine totaled 35% of official GDP, down by 5 YoY. This is stated in a report developed by the Ministry of Economic Development and Trade. According to the ministry, the process of de-shadowing became possible due to certain factors: relative macroeconomic stability; business climate improvement…