The EAEU intends to simplify the selection of cooperation projects from Kyrgyzstan. What does this mean?

Владислав Вислоцкий Economy
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The head of the EAEU Coordination Department, Elimbek Kanybek uulu, announced at a press conference in Bishkek that on March 26-27, a meeting of the prime ministers of the EAEU member states will take place in Shymkent (Kazakhstan). This event will discuss a new Regulation on the selection of joint cooperative projects in the field of industry and financial support for their implementation.

It is planned to consider a mechanism for subsidizing interest rates for the creation or modernization of production facilities in the EAEU member countries. This means that the commission will select projects, and the EAEU will finance part of the interest rate from its budget. As a result, special selection criteria will be established for Kyrgyzstan, which will be more simplified and beneficial, taking into account the economic differences and potential of the member states.

Elimbek Kanybek uulu emphasized that the main goal of cooperation is to create sustainable economic chains within the EAEU, which will allow for the development of production and increase the volume of goods produced in the Union.
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