The Kyrgyzstan Ministry of Finance recently condemned last week's violent protests in the northern Issyk-Kul Province, calling them "a simple struggle for power" and not in "the interests of the people."
Hundreds of protesters in the provincial capital of Karakol demanded the nationalization of the country's largest gold mine, Kumtor, operated by Canada's Centerra Gold.
Ten suspects were charged on Oct. 11 with hooliganism, assaulting authorities, hostage-taking and making death threats in connection with the protests.
The protesters briefly took a government envoy hostage and threatened to burn him alive if their demands were not met, but police dispersed the protesters and rescued the hostage.
The following day, police dispersed hundreds of protesters who were blocking a highway in the province.
The Kyrgyz parliament is currently negotiating a new deal with Centerra Gold.
- National Bank of Ukraine removes restrictions on foreign-currency transactions, investment metals
- Black Sea Trade & Development Bank visits Azerbaijan to boost business relationships
- VTB Bank finances three new planes for SunExpress airline
- National Bank of Ukraine makes it easier for businesses to invest abroad
- National Bank of Ukraine eases lending regulations for deposit guarantee funds to other banks
- Black Sea Trade and Development Bank, Russian Federal Corp. for SMEs support business growth
- Oleg Demidov named commercial director for Rosbank Factoring
- Eurasian Development Bank sells bonds on Kazakhstan Stock Exchange
- EY World Entrepreneur of the Year event to name world's top entrepreneur
- ACBA-CREDIT AGRICOLE, Microsoft parter for Armenian digital business technology seminar