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2017-08-08 00:00:00
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Despite being located on the East to West trading route almost since the beginning of all global trade, it has always been a difficult time for small and medium-sized enterprises (SMEs) in Central Asia. This being said, they are now essential to growth in Tajikistan, Turkmenistan, and the Kyrgyz Republic.
Why the struggle? According to sources in the region, finance is hard to come by but this could all change after the EBRD announced plans to release €42 million to SMEs in this region. With the European Union also contributing over €11 million in funds, this could be the light at the end of the tunnel for all SMEs in Central Asia. With the right funds, the companies can expand, improve their service, and reach out to wider markets.
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