News Daily

The Times

News from Asia

  • Written by Media Outreach
BISHKEK, KYRGYZSTAN - Media OutReach Newswire - 19 August 2025 - Wildberries, a leading digital platform in Eurasia, has signed an agreement with Kyrgyzstan's Bakai Bank and the Russia-Kyrgyzstan Development Fund to advance the development of small and medium-sized businesses in the country.

The agreement is aimed at supporting domestic entrepreneurship in Kyrgyzstan, promoting women's entrepreneurship and unlocking Kyrgyzstan's export potential by engaging local entrepreneurs in cross-border e-commerce, including via the Wildberries platform.

Under the agreement, Wildberries will offer free training and assistance for Kyrgyz entrepreneurs who are launching their sales with Wildberries, in addition to helping with product promotion on the marketplace. The Russia-Kyrgyzstan Development Fund will provide informational and organizational support for the project, while Bakai Bank will offer favorable lending terms to project participants.

"We have been working in Kyrgyzstan since 2017—we see how fast e-commerce is growing in the country and are ready to invest our resources in innovation and infrastructure development," said Rafael Abramyan, Director of International Business Development at the united company Wildberries & Russ. "Currently, we are focused on actively involving Kyrgyz businesses in cross-border e-commerce and creating a modern, largest-ever logistics center in Kyrgyzstan, which together will become drivers of e-commerce growth in the country."

Sales of Kyrgyzstan-based sellers increased by 53% year-on-year on the Wildberries marketplace in the first six months of 2025, with the number of local sellers on the platform growing by 37% during the same period. Kyrgyz sellers on the platform tend to be young and more often female.

The agreement marks the first step toward the upcoming launch of the Growth Platform project in Kyrgyzstan—an international initiative co-organized by Wildberries that trains and assists sellers who are entering its marketplace. In June 2025, Wildberries announced the launch of the Growth Platform in Uzbekistan and is expanding the initiative to further markets.

Hashtag: #Wildberries

The issuer is solely responsible for the content of this announcement.

Read more

Why Compact Designs of Caravan Travel Transform Short Getaways

A caravan makes exploring Australia more flexible. For many Australians, a compact and practical setup makes short breaks easier, more comfortable and far more spontaneous. The layout inside significantly impacts how comfortable, organised and enjoyable your travels become.  Travellers often compare... Read more

7 Situations Where GPR Scanning Can Prevent Costly Construction Mistakes

Construction projects often rely on accurate information before excavation, drilling, coring or demolition begins. While plans, utility records and visual inspections provide valuable guidance, they don't always reveal what's hidden beneath the surface. Unknown utilities, reinforcement, voids or buried structures... Read more

Key Terms to Review Before Signing a Business Lease

A business lease can be a large financial commitment, and the terms buried in the fine print can affect your operation for years. It can be tempting to skim past the legal detail once you’ve found premises you like, but... Read more

When Should You Speak to Bankruptcy Lawyers About Debt Problems?

Debt problems rarely appear without warning, yet many people wait far longer than they should before seeking legal advice about their situation. By the time the decision is made to consult with bankruptcy lawyers, the available options are often more... Read more

Top Electrical Safety Tips from Inner West Sydney Electricians

While it may not be the most exciting subject to discuss, having an electrically safe home is definitely one of the most critical. Knowing the basics could help you avoid accidents and ensure your home remains in good condition, whether... Read more

When to Escalate a Debt Recovery Matter to Legal Action

Knowing when to transition from informal debt collection efforts to formal legal proceedings is a decision that many creditors find difficult to navigate. Acting too early can damage commercial relationships, while waiting too long can reduce the likelihood of recovery... Read more