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IRAN GRANTS KYRGYZSTAN 50 MILLION-EURO EASY-TERM CREDIT

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MOSCOW, April 21 (RIA Novosti) - Iran has extended to Kyrgyzstan an easy-term credit line of 50 million euros 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, the Kyrgyz news agency Kabar reports.

It was said at the meeting that "there is a perspective for a real increase in bilateral trade turnover through creating more favorable conditions for joint entrepreneurial activities".

At the present time, trade turnover between Kyrgyzstan and Iran stands at 200 million dollars.

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.

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