BISHKEK (TCA) ‚ÄĒ Kyrgyzstan should move from the re-export of Chinese products to the development of its own clothing industry regardless of whether it will enter the Customs Union and Eurasian Economic Union or not.
25/11/2014 Kazakhstan metallurgical companies looking to new sales markets in East Asia and Arab countries
ASTANA (TCA) ‚ÄĒ Metallurgical companies of Kazakhstan now have to look for new sales markets for their products in East Asian and Arab countries, Novosti-Kazakhstan reported citing Nikolai Radostovets, executive director of the Kazakhstan Association of Mining and Metallurgical Enterprises.
BISHKEK (TCA) ‚ÄĒ The governments of Kyrgyzstan and Russia yesterday signed an agreement establishing the Kyrgyz-Russian Development Fund aimed at modernizing and developing the economy of Kyrgyzstan and assisting in the country‚Äôs integration with the Eurasian Economic Union.
BISHKEK (TCA) ‚ÄĒ False alarm: Kazakhstan and Kyrgyzstan are NOT going to be included in Russia‚Äôs political agenda through their membership of the Eurasian Economic Union, taking off as of January 1, 2015, China is NOT going to lose its export market for manufactured goods either in member- or in non-member states of Central Asia, and there are NO threats of internal political turmoil in sight either in Kazakhstan or Kyrgyzstan as a result of their EEU membership.
24/11/2014 IMF warns construction of Rogun power plant may cause ‚Äėrisks‚Äô to Tajikistan state budget
DUSHANBE (TCA) ‚ÄĒ Construction of the Rogun hydro power plant in Tajikistan may cause ‚Äúsubstantial risks‚ÄĚ to the country‚Äôs state budget, Jonathan Dunn, an International Monetary Fund (IMF) mission head, told a news conference in Dushanbe last week.
BISHKEK (TCA) ‚ÄĒ The OSCE Centre in Bishkek, in cooperation with the Economy Ministry of Kyrgyzstan, last week launched the Systematic Regulatory Review project with the aim of assisting the country‚Äôs government in conducting regulatory reforms, governing private economic activity and combating corruption.
24/11/2014 Central Asia plays important role as a bridge between Asia and Europe, says OSCE Chairperson-in-Office in regional visit
BISHKEK (TCA) ‚ÄĒ Central Asia plays an important role as a bridge between Asia and Europe, the OSCE Chairperson-in-Office and Swiss Foreign Minister Didier Burkhalter said as he concluded a four-day visit to the Central Asian republics of Turkmenistan, Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan, from 19 to 22 November 2014.
21/11/2014 Kyrgyzstan switching to digital broadcasting
BISHKEK (TCA) ‚ÄĒ A test of DVB-S2 satellite broadcasting standard has been launched in Kyrgyzstan. To connect to the satellite, local broadcasting companies have to sign an agreement with the national telecom operator Kyrgyztelekom which has exclusive rights to provide satellite TV services with the Eutelsat Communications equipment. This project started in July 2014.
BISHKEK (TCA) ‚ÄĒ The National Institute of Strategic Studies of the Kyrgyz Republic in cooperation with the International Affairs Committee of Kyrgyzstan‚Äôs Parliament will organize an international conference, ‚ÄúJoint development and prosperity of countries along the Great Silk Road‚ÄĚ, to take place in Bishkek on November 28.
BISHKEK (TCA) ‚ÄĒ US, Israeli, and German companies have supplied Central Asian states with sophisticated surveillance technology that gives them extensive possibilities to monitor the communications of government opponents, civil activists, journalists, and other citizens, according to a report released by Privacy International, a UK-based watchdog committed to fighting for the right to privacy across the world.
DUSHANBE (TCA) ‚ÄĒ The Justice Ministry of Tajikistan is considering amendments to the Law ‚ÄúOn non-governmental associations‚ÄĚ that provide for state control over grants received by Tajik non-governmental organizations (NGOs), Avesta information agency reported.
BISHKEK (TCA) ‚ÄĒ Praised for their riches in ‚Äúresources‚ÄĚ and its ‚Äústeady economic development‚ÄĚ due to ‚Äúreforms‚ÄĚ, Central Asia‚Äôs former Soviet republics are still struggling with rampant poverty problems.
DUSHANBE (TCA) ‚ÄĒ The International Monetary Fund (IMF) says that economic growth in Tajikistan is expected to decline in 2015 and beyond due to the adverse external environment‚ÄĒparticularly in Russia‚ÄĒand the slow pace of structural reforms, though it will receive some support through closer economic ties with China and South Asia.
ALMATY (TCA) ‚ÄĒ A combined bank resulting from consolidation of Alliance Bank, Temirbank, and ForteBank will have the brand name of ForteBank, Alliance Bank head Timur Isatayev told a news conference yesterday. In his words, consolidation of the three banks is planned to be completed by the end of this year.
BISHKEK (TCA) ‚ÄĒ Editor‚Äôs note: The following article published by EurasiaNet clarifies the position of the Kyrgyz Government on several issues. Kyrgyzstan‚Äôs Prime Minister, Mr. Djoomart Otorbaev, in a pragmatic approach considers closer ties with Russia as the only valid alternative in the present circumstances. In the meantime he counts on more political stability to reach the next election with some positive results, although inflation will continue to rise and the Kyrgyz currency, as well as the Russian rouble, will continue its downward trend against the US dollar, negatively affecting remittances from Kyrgyz migrants in Russia. All this looks more like a wait and see policy with very little action inside the country and no positive initiative to attract foreign direct investment as well as to settle the numerous international claims that Kyrgyzstan is facing in various foreign arbitration courts.
19/11/2014 Italy‚Äôs Eni to extend its activities to developing hydrocarbon fields in Turkmen sector of Caspian Sea
ASHGABAT (TCA) ‚ÄĒ The Turkmen State Agency for Management and Use of Hydrocarbon Resources, Turkmenistan‚Äôs State Oil Concern Turkmenneft, and Eni‚Äôs CEO Claudio Descalzi yesterday signed an addendum to the Production Sharing Agreement (PSA) with respect to the onshore Nebit Dag Area located in West Turkmenistan. The agreement was signed in the presence of Turkmenistan President Gurbanguly Berdymukhammedov and Italian Prime Minister Matteo Renzi, who was on an official visit to Turkmenistan.
DUSHANBE (TCA) ‚ÄĒ The European Bank for Reconstruction and Development (EBRD) will finance Tajikistan‚Äôs first ever hypermarket under the Auchan brand in Dushanbe as well as provide a loan of US $5 million for on-lending to micro and small businesses in Tajikistan. The investment documents were signed yesterday during EBRD President Sir Suma Chakrabarti‚Äôs visit to the Tajik capital Dushanbe.
ASTANA (TCA) ‚ÄĒ Development of sustainable fisheries and aquaculture as part of the green economy promotion in the Aral Sea region is the topic of the OSCE-supported training seminar that began yesterday in Kyzyl-Orda, Kazakhstan.
- 18/11/2014 Kazakhstan to harvest over 17 million tons of grain this year 
- 18/11/2014 Russia‚Äôs MTS and Uzbekistan discontinue international arbitration 
- 18/11/2014 EBRD and Tajikistan extend cooperation 
- 18/11/2014 Kyrgyzstan‚Äôs business community calls on the country‚Äôs leaders to resolve international disputes by negotiations 
- 17/11/2014 Kyrgyzstan and Russia in a new defence agreement to fight ISIL 
- 17/11/2014 Kyrgyzstan hosts conference on pasture management in Central Asia 
- 17/11/2014 JICA co-finances power plant construction in Uzbekistan 
- 17/11/2014 Turkmenistan, Afghanistan, Pakistan and India establish landmark TAPI pipeline company 
- 14/11/2014 USAID launches new program to fight tuberculosis in Kyrgyzstan 
- 14/11/2014 Kazakhstan‚Äôs National Bank developing new payment system for the country 
- 14/11/2014 Kazakhstan‚Äôs ForteBank and Temirbank to consolidate with Alliance Bank after approval of its restructuring 
- 13/11/2014 Jerooy gold deposit: the state imposes obligations but guarantees no protection for investors 
- 13/11/2014 Uzbekistan to attract $700 million from Arab financial institutions 
- 13/11/2014 Kazakhstanis intend to legalize properties worth $416 million 
- 13/11/2014 Iranian province ready to invest $100 million in agricultural projects in Kyrgyzstan 
- 12/11/2014 Uzbekistan and US strengthening economic cooperation 
- 12/11/2014 Nazarbayev announces new economic program for Kazakhstan 
- 12/11/2014 Kyrgyzstan seeks electricity imports from Turkmenistan 
- 11/11/2014 Central Asia to protect its borders from drugs and contraband but also from ISIL and terrorism 
- 11/11/2014 Kazakhstan‚Äôs national oil and gas company KazMunayGas issues $1.5 billion Eurobonds