Nepal
Investment Talks and MoUs Signed as Nepal, Russia Explore Trade Expansion
In a significant move to boost economic cooperation, the Confederation of Nepalese Industries (CNI) and a visiting business delegation from the Russian Chamber of Commerce and Industry held discussions on expanding trade and business ties between Nepal and Russia on Wednesday. The talks focused on exploring investment opportunities and strengthening bilateral relations. During the business […]
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Nepali Businesses Face IP Challenges
Nepal’s business landscape is grappling with a surge in intellectual property rights (IPR) violations, posing significant challenges for domestic industrialization and attracting foreign direct investment (FDI). As the country commemorates World Intellectual Property Day, government officials and industry experts have raised concerns over the alarming rise in trademark, patent, and design infringements, underscoring the need […]
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Finance Minister Pun and World Bank Agree on Upper Arun Hydroelectric Project
Nepal’s Finance Minister, Barsaman Pun, currently in America, has secured a crucial agreement with senior World Bank officials in Washington DC regarding the financial management of the 1,063 MW Upper Arun Semi-reservoir Hydroelectric Project in Sankhuwasabha. According to a press statement from the Finance Minister’s secretariat, Minister Pun and Martin Raiser, Vice President for South […]
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Nepal Hosts First International LGBTIQ Tourism Conference
Nepal made history by hosting its inaugural international LGBTIQ tourism conference in Kathmandu. The event, spearheaded by Sunil Babu Pant, Asia’s first openly gay former parliamentarian, aimed to spotlight Nepal’s strides towards inclusivity and economic empowerment for the LGBTIQ community. Once marred by biases and discrimination, Nepal has undergone a remarkable transformation, with the legal […]
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Over 550,000 Acquire Overseas Work Permits in Nepal
Approximately 550,000 individuals have secured work permits for overseas employment until April 12 of the current fiscal year 2023/24. During the period from March 14 to April 12, 70,933 workers obtained work permits, indicating a steady flow of individuals seeking opportunities abroad. According to Kabiraj Upreti, Director at the Department of Foreign Employment, out of […]
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Nepal Finance Minister Urges US Investors for Opportunities
Finance Minister Barshaman Pun, currently in the US, has captured the attention of American investors towards Nepal. He urged them to explore investment prospects. During a roundtable discussion organized by the US Chamber of Commerce in Washington on Wednesday, Finance Minister Pun emphasized the need for investors to identify opportunities in Nepal. Anjali Kaur, Deputy […]
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World Bank to Lead Funding for 1,063 MW Upper Arun Hydropower Project in Nepal
In a significant development, the World Bank has agreed “in principle” to spearhead the financing efforts for the ambitious 1,063 MW Upper Arun hydropower project in Sankhuwasabha, Nepal, announced the Finance Ministry on Friday. The Upper Arun project, situated along the Arun River in eastern Nepal, is projected to require an investment of $1.71 billion. […]
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Nepal Finance Minister Advocates for Increased World Bank Support in Washington Meeting
Nepal’s Finance Minister, Barsa Man Pun, recently met with Akihiko (Aki) Nishio, Vice President of Development Finance, and Guangzhe Chen, Vice President for Infrastructure, at the World Bank in Washington. During the meeting, Minister Pun expressed gratitude to Vice Chairman Akihiko (Aki) Nishio for agreeing to host the 21st meeting of the International Development Association […]
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Tech Peak Nepal 2024 Sparks Excitement in Kathmandu’s IT Sector
Tech Peak Nepal 2024, a premier event dedicated to Nepal’s thriving IT sector, commenced in Kathmandu, uniting over 200 national and international experts, professionals, and government officials on a single platform. The event, jointly organized by the Confederation of Nepalese Industries (CNI), NAS-IT, and the American Chamber of Commerce in Nepal (AMCHAM), highlighted the imperative […]
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Nepal-Bangladesh Commerce Talks Set to Bolster Economic Relations
Nepal and Bangladesh are gearing up for a commerce secretary-level meeting in Kathmandu, focusing on fortifying economic ties and regional connectivity. However, the long-awaited bilateral Preferential Trade Agreement (PTA) won’t be addressed during the discussions, according to informed sources. The two-day meeting, to be chaired by Commerce Secretary Dinesh Kumar Ghimire from Nepal and Commerce […]
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