Iran grants EUR 50 mm credit to Kyrgyzstan

Apr 22, 2005 02:00 AM

Iran has extended to Kyrgyzstan an easy-term credit line of EUR 50 mm for investment projects.
This was said at the meeting between acting President and Prime Minister of Kyrgyzstan Kurmanbek Bakiev and Iranian Ambassador in Bishkek Golyam Reza Bageri. It was said at the meeting that "there is a perspective for a real increase in bilateral trade turnover through creating more favourable conditions for joint entrepreneurial activities".

At the present time, trade turnover between Kyrgyzstan and Iran stands at $ 200 mm.
Bakiev assured the Iranian ambassador that all the earlier agreements and accords concluded between the two governments would be fulfilled in full measure. He also noted that Iran and Kyrgyzstan are in constructive interaction and supporting each other's initiatives in different international organizations and forums.

Bageri said that Iran is going to realize in Kyrgyzstan two large projects -- the building of 2,000 apartments in Bishkek and setting up a commercial-cum-industrial township on an area of 200 hectares.

Source: PetroEnergy Information Network
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