The Kazakh-Belgian business forum with the participation of more than 60 officials and representatives of business communities of Kazakhstan, Belgium and Luxembourg was organized on March 12 in Brussels by the Embassy of Kazakhstan in Brussels, as well as the BEСI (Brussels) and BeNeLux (Astana) Chambers of Commerce. While greeting the participants, Ambassador of Kazakhstan
Kazakhstan intends to sign an agreement with Kyrgyzstan on the promotion and protection of investments, KazTAG information agency reported on March 12. “To approve the draft agreement between the government of the Republic of Kazakhstan and the Cabinet of Ministers of the Kyrgyz Republic on the promotion and mutual protection of investments,” says the draft
The U.S. Agency for International Development (USAID) announced the launch of the Business Support Project, a groundbreaking initiative aimed at fostering sustainable and inclusive economic growth in Uzbekistan. The launch event on March 5 marked the beginning of a five-year journey towards enhancing the competitiveness of small and medium enterprises across four key sectors: information
On March 6, the Organisation for Economic Co-operation and Development (OECD), the European Union (EU) and the Asian Development Bank (ADB), in cooperation with the Government of Uzbekistan, launched the “Roadmap for Sustainable Investment Policy Reforms (RSIPR)” Project funded by the EU and ADB. The project will provide a comprehensive assessment of the investment framework currently
The European Bank for Reconstruction and Development (EBRD) says it is providing fresh funds and creating new growth opportunities for women-owned and managed businesses in Uzbekistan by offering a loan of up to US$ 6 million (€ 5.5 million equivalent) to Uzbek Leasing International (Uzbek Leasing). The loan to Uzbek Leasing is extended under the EBRD’s Central Asian Women in
On March 5, the European Union (EU) and the UNDP held the handover ceremony of equipment to the Research Institute of Fisheries to support more sustainable fish farming practices in Uzbekistan. The provided equipment will help to reduce water consumption, improve water quality and energy efficiency in the fish farms, and, in turn, support the welfare of fish, the Delegation of the European Union
The World Bank and the IFC, the private sector arm of the World Bank Group, on March 1 organized the first Conference on Elevating Global Access through E-Commerce (E-GATE) in Tajikistan. In Central Asia, e-commerce is emerging as a powerful tool to tap into global markets for locally made products, modernize traditional supply chains, and foster
The European Bank for Reconstruction and Development (EBRD) says it is promoting green lending in the Kyrgyz Republic by adding three partner banks to its US$ 50 million Green Economy Financing Facility III (KyrSEFF III). Demir Kyrgyz International Bank, FINCA Bank Kyrgyzstan, Kyrgyz Investment and Credit Bank have agreed to engage in lending to small and medium-sized businesses and households across the country.
Kyrgyzstan President Sadyr Japarov on February 28 participated in a ceremony to launch the construction of an automobile assembly plant in the country’s northern Chui region. The plant will assemble electric vehicles, commercial and passenger cars, and special equipment. It is a joint project of the Kyrgyz government, local enterprises, and the Chinese company China
During a working visit to Geneva, Deputy Prime Minister–Minister of Foreign Affairs of Kazakhstan, Murat Nurtleu on February 28 met with the leadership of the Swiss companies INOKS Capital, Stadler Rail, Воѕсhung and MSC. The parties discussed current and new investment projects in Kazakhstan in the priority areas of the national economy – agriculture, mechanical
