The first B5+1 Forum was held in Almaty from March 13 to 15, 2024, bringing together government representatives from the United States, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, as well as private sector participants. This event was announced by US President Joe Biden as part of the C5+1 Summit in September 2023 and noted in the New York Declaration.
The B5+1 Forum, where “B” stands for business, was created as a private-sector complement to the C5+1 diplomatic platform, strengthening the economic partnership between Central Asian countries and the United States. It aims to stimulate dialogue between the public and private sectors to promote economic development and integration of the region.
The forum discussed key economic opportunities for business in Central Asia and the United States, including improving the business environment, developing regional economic integration, creating competitive markets and attracting foreign investment. Forum participants proposed a number of recommendations aimed at these goals.
With support from the U.S. Department of State, the Centre for International Private Enterprise (CIPE) will continue to play a leading role in the B5+1 Forum's efforts to promote sustainable and inclusive economic growth in the Central Asia region.
Reported by Akchabar (Kyrgyzstan).
Chairman of the Cabinet of Ministers-Head of the Presidential Administration of Kyrgyzstan Akylbek Zhaparov met with Vice President of Open AI Arka Dar. The press service of the Cabinet of Ministers reported this.
The head of the Cabinet of Ministers noted that the government strongly supports Kyrgyz startups engaged in the...
Chairman of the Cabinet of Ministers-Head of the Presidential Administration of Kyrgyzstan Akylbek Zhaparov met with Vice President of Open AI Arka Dar. The press service of the Cabinet of Ministers reported this.
The head of the Cabinet of Ministers noted that the government strongly supports Kyrgyz startups engaged in the...
Kyrgyzstan and Tajikistan agreed on 10.76 more kilometres of the state border, the press service of the Cabinet of Ministers reported.
In accordance with the agreement reached, a regular meeting of topographic working groups and working groups on legal issues of the government delegations of Kyrgyzstan and the Republic of Tajikistan...
Kyrgyzstan and Tajikistan agreed on 10.76 more kilometres of the state border, the press service of the Cabinet of Ministers reported.
In accordance with the agreement reached, a regular meeting of topographic working groups and working groups on legal issues of the government delegations of Kyrgyzstan and the Republic of Tajikistan...
The delegation of Kyrgyzstan, consisting of representatives of the Ministry of Finance, the National Bank and the Guarantee Fund, held two working meetings with the management of the Japan SME Development Agency and representatives of Sumitomo Mitsui Bank.
According to the press service of the Guarantee Fund, during the meeting the...
The delegation of Kyrgyzstan, consisting of representatives of the Ministry of Finance, the National Bank and the Guarantee Fund, held two working meetings with the management of the Japan SME Development Agency and representatives of Sumitomo Mitsui Bank.
According to the press service of the Guarantee Fund, during the meeting the...
Inflation in Kyrgyzstan slowed to 5.1%. The EDB provides such data in its macro-review.
The decline in annual inflation is largely due to high figures a year earlier.
“We believe that from April inflation will decline more slowly as the effects of the high base are exhausted,” EDB analysts noted.
Strong domestic demand...
Inflation in Kyrgyzstan slowed to 5.1%. The EDB provides such data in its macro-review.
The decline in annual inflation is largely due to high figures a year earlier.
“We believe that from April inflation will decline more slowly as the effects of the high base are exhausted,” EDB analysts noted.
Strong domestic demand...
As of March 1, 2024, the total amount of the project “Emergency support for micro-, small and medium-sized enterprises” amounted to 6 billion 249 million 25 thousand 918 som, the press service of the Ministry of Finance of Kyrgyzstan reported.
9,288 entrepreneurs received interest-free loans. Of them:
· in the first category (up...
As of March 1, 2024, the total amount of the project “Emergency support for micro-, small and medium-sized enterprises” amounted to 6 billion 249 million 25 thousand 918 som, the press service of the Ministry of Finance of Kyrgyzstan reported.
9,288 entrepreneurs received interest-free loans. Of them:
· in the first category (up...
The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings worldwide, with the Bank of Japan seemingly on the brink of ending negative rates and the focus on how many rate cuts the Federal Reserve projects.
Apart from Japan and the United States,...
The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings worldwide, with the Bank of Japan seemingly on the brink of ending negative rates and the focus on how many rate cuts the Federal Reserve projects.
Apart from Japan and the United States,...
Meder Mashiev was appointed Deputy Minister of Natural Resources, Ecology and Technical Supervision — Director of the Kyrgyz Geological Service, the press service of the Cabinet of Ministers reported.
The order was signed by the Chairman of the Cabinet of Ministers Akylbek Zhaparov.
Meder Mashiev replaced Emil Osmonbetov, who was relieved of...
Meder Mashiev was appointed Deputy Minister of Natural Resources, Ecology and Technical Supervision — Director of the Kyrgyz Geological Service, the press service of the Cabinet of Ministers reported.
The order was signed by the Chairman of the Cabinet of Ministers Akylbek Zhaparov.
Meder Mashiev replaced Emil Osmonbetov, who was relieved of...
Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major global central banks including the U.S. Federal Reserve this week.
Spot gold was down 0.3% to $2,149.50 per ounce, as of 0738 GMT. U.S. gold futures fell 0.4% to $2,153.70.
"A...
Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major global central banks including the U.S. Federal Reserve this week.
Spot gold was down 0.3% to $2,149.50 per ounce, as of 0738 GMT. U.S. gold futures fell 0.4% to $2,153.70.
"A...
Prices of iron ore futures rebounded on Monday after upbeat data in top consumer China renewed hopes for a pick-up in steel demand in coming weeks and as some traders liquidated their short positions.
The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 recouped lost ground and ended daytime...
Prices of iron ore futures rebounded on Monday after upbeat data in top consumer China renewed hopes for a pick-up in steel demand in coming weeks and as some traders liquidated their short positions.
The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 recouped lost ground and ended daytime...
London copper eased on Monday while prices in Shanghai hit a record high as fears of tight supply countered demand outlook uncertainty.
Three-month copper on the London Metal Exchange dipped 0.5% to $9,036 per metric ton by 0709 GMT, while the most-traded May copper contract on the Shanghai Futures Exchange SCFcv1 closed up...
London copper eased on Monday while prices in Shanghai hit a record high as fears of tight supply countered demand outlook uncertainty.
Three-month copper on the London Metal Exchange dipped 0.5% to $9,036 per metric ton by 0709 GMT, while the most-traded May copper contract on the Shanghai Futures Exchange SCFcv1 closed up...
In the Kochkor district of the Naryn region, they plan to create a solar power plant with a capacity of 100 to 150 MW under a public-private partnership project.
As reported by the PPP Centre, the Ministry of Energy of Kyrgyzstan, with the support of the PPP Centre, the Ministry of...
In the Kochkor district of the Naryn region, they plan to create a solar power plant with a capacity of 100 to 150 MW under a public-private partnership project.
As reported by the PPP Centre, the Ministry of Energy of Kyrgyzstan, with the support of the PPP Centre, the Ministry of...
To prepare the state irrigation network for the 2024 growing season, structural units of the Water Resources Service carried out repairs and mechanized cleaning of inter-farm canals with a length of 197.4 kilometres.
Also, 22 hydraulic structures, 5 hydrometric posts, 15 pumping stations were repaired, 2 pumping units were replaced and...
To prepare the state irrigation network for the 2024 growing season, structural units of the Water Resources Service carried out repairs and mechanized cleaning of inter-farm canals with a length of 197.4 kilometres.
Also, 22 hydraulic structures, 5 hydrometric posts, 15 pumping stations were repaired, 2 pumping units were replaced and...
Chicago wheat rose on Monday, recovering from last week's losses as Russia’s weekend attacks on Ukrainian ports supported prices.
Corn rose partly on worry about dryness in the U.S. while large Brazilian export supplies weakened soybeans.
Chicago Board of Trade most-active wheat rose 1.4% to $5.36-1/4 a bushel at 1146 GMT. Wheat fell...
Chicago wheat rose on Monday, recovering from last week's losses as Russia’s weekend attacks on Ukrainian ports supported prices.
Corn rose partly on worry about dryness in the U.S. while large Brazilian export supplies weakened soybeans.
Chicago Board of Trade most-active wheat rose 1.4% to $5.36-1/4 a bushel at 1146 GMT. Wheat fell...
Two leading companies in the production of alcoholic and non-alcoholic beverages, Baltika (Russia) and Abdysh-Ata (Kyrgyzstan), entered into a historic agreement on strategic cooperation in Kyrgyzstan.
This partnership, designated as the Union of Brewing Leaders, is a significant step for both companies, which will mark the beginning of a large joint...
Two leading companies in the production of alcoholic and non-alcoholic beverages, Baltika (Russia) and Abdysh-Ata (Kyrgyzstan), entered into a historic agreement on strategic cooperation in Kyrgyzstan.
This partnership, designated as the Union of Brewing Leaders, is a significant step for both companies, which will mark the beginning of a large joint...
Oil prices ticked up on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening.
Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI)...
Oil prices ticked up on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening.
Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI)...
The Ministry of Emergency Situations of Kyrgyzstan issued a weather alert.
The ministry reports that, according to the Hydrometeorological Service, avalanches, snow drifts, glaze ice are expected from March 18 to March 19 in the mountainous regions of the country and on the 55-115th kilometres of Myrza-Ake — Kara-Kulzha — Alaikuu...
The Ministry of Emergency Situations of Kyrgyzstan issued a weather alert.
The ministry reports that, according to the Hydrometeorological Service, avalanches, snow drifts, glaze ice are expected from March 18 to March 19 in the mountainous regions of the country and on the 55-115th kilometres of Myrza-Ake — Kara-Kulzha — Alaikuu...
Vladimir Putin has been re-elected as Russia’s president, according to the official results of the country’s presidential vote, published on Monday by its Central Election Commission (CEC).
Putin has claimed 87.28% of the vote, a record share of votes, winning his fifth term in office by a landslide. Putin’s candidacy was supported...
Vladimir Putin has been re-elected as Russia’s president, according to the official results of the country’s presidential vote, published on Monday by its Central Election Commission (CEC).
Putin has claimed 87.28% of the vote, a record share of votes, winning his fifth term in office by a landslide. Putin’s candidacy was supported...
The Russian stock market starts the new week cautiously on Monday, March 18, trading takes place near zero levels. Despite the fact that the three-day presidential elections were relatively calm and predictable, market participants are in no hurry to buy Russian shares.
As a result, at 14.45 Moscow time, the Moscow...
The Russian stock market starts the new week cautiously on Monday, March 18, trading takes place near zero levels. Despite the fact that the three-day presidential elections were relatively calm and predictable, market participants are in no hurry to buy Russian shares.
As a result, at 14.45 Moscow time, the Moscow...
Sovcomflot reported according to IFRS for 2023. The results were impressive.
Year-on-year data:
• Time charter equivalent revenue increased by 42% to $2.04 billion;
• Adjusted EBITDA showed an increase of 52% and increased to $1.57 billion;
• Profitability according to adjusted EBITDA at 68% against 55% a year earlier;
• Net profit showed an...
Sovcomflot reported according to IFRS for 2023. The results were impressive.
Year-on-year data:
• Time charter equivalent revenue increased by 42% to $2.04 billion;
• Adjusted EBITDA showed an increase of 52% and increased to $1.57 billion;
• Profitability according to adjusted EBITDA at 68% against 55% a year earlier;
• Net profit showed an...
