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Press-center

19.08.2021
13:35

The REC Group develops partnership cooperation in Kyrgyzstan

At the plenary session “New challenges and opportunities for business partnership in the EAEU countries” held  within the framework of the III Kyrgyz-Russian Business Forum, Azer Talibov, Chairman of the Management Board of EXIMBANK OF RUSSIA JSC, said the REC Group actively develops partnership cooperation.

“Russian-Kyrgyz Development Fund is our main partner in Kyrgyzstan. Together we have identified promising areas for trade and economic cooperation, which include motor car manufacturing, rail car manufacturing, consumer goods manufacturing, production of agricultural machinery and rolling stock, and hydraulic power industry,” Azer Talibov. According to him, in February 2018, EXIMBANK OF RUSSIA JSC signed a framework loan agreement with the Fund. Within the framework of this loan agreement, the project for the supply of construction equipment has already been implemented.

“Currently, The REC Group and the Fund are actively working on a number of joint projects in various industries, including the delivery of gondola cars, shunting locomotives and rails under the contracts to be concluded with Kyrgyz Railways JSC. Exporters will be determined based on the results of tenders for the purchase of the specified products,” the Chairman of the Management Board of EXIMBANK OF RUSSIA JSC shared the plans.

Moreover, on the sidelines of the Forum, it is planned to sign 2 agreements with the REC Group aimed at effective cooperation and providing comprehensive support to companies of both countries to achieve tangible results.