The State Competition Committee received the World Bank mission in Uzbekistan to discuss small business support through the Small Business Development Guarantee Fund. Held under the World Bank’s Modern Economy-backed Job Expansion and Skill Development Project, the meeting reviewed small businesses’ efficiency and praised the setting up of the Guarantee Fund. Specialists said they were…
Labor minister A. Abduhakimov received the World Bank mission, led by Afrah al-Ahmadi, senior specialist on private sector Christopher David Miller, senior economists of the World Bank Mohamed Ihsan Ajwad and Oleksiy Sluchinskiy. The purpose of the meeting was extensive consultation on the concept, scope and content of the components of the project initiated by…
The Ministry of economy of the Republic of Uzbekistan held a meeting with the President of the European Bank for reconstruction and development Suma Chakrabarti. EBRD delegation was informed in detail about the achievements of the socio-economic development of the country in recent years, in particular about large-scale economic reforms aimed at further structural transformation…
The international ratings agency Fitch Ratings expects that the Azerbaijani economy will grow by 0.2% in 2017, says the agency’s report on Azerbaijan that was made public at the sixth annual meeting in Baku on March 16. It should be noted that the country’s GDP decreased by 3.8% in 2016. Meanwhile, experts forecast the resumption…
The Bishkek mayor’s office plans to raise the salaries of local government employees, Vice Mayor Ernis Zarlykov declared at the regular session of the City Council on March 16. According to him, the mayor ordered to analyze the general policy of payment to workers of local self-government. “Today, sweepers, librarians and others receive a small…
“The Russian-Kyrgyz Development Fund has become an elite business fund,” Bakyt Torobayev, leader of Onuguu Progress faction, said at a meeting of Parliament on March 16. According to him, now the fund works for the interests of certain persons. Initially, it was created in order to adapt the economy of Kyrgyzstan to the norms of…
The European Union is ready to provide all-round support to Belarus in developing small and medium-sized enterprises (SMEs), Head of the European Union Delegation to Belarus Andrea Wiktorin said at the presentation of the peer review project “Upgrading SME Capacity Through Business Support Services in Belarus” on March 15. Andrea Wiktorin emphasized the urgency of…