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Digital transformation in Central and South Asia

  • Written by TCA

ALMATY (TCA) — The World Bank’s new ‘World Development Report 2016: Digital Dividends’ was launched on February 17 at the Kazakh-Britain Technical University in Almaty, Kazakhstan. Discussion of the report helps catalyze a shared vision for digital transformation among Central and South Asia government leaders, experts, and practitioners, the World Bank said.

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Istanbul hosting EBRD-FT Central Asia Investment Forum

  • Written by TCA

ISTANBUL (TCA) — The European Bank for Reconstruction and Development (EBRD) and the Financial Times are gathering investors, policymakers and experts in Istanbul to discuss investment opportunities and challenges in Central Asia, including Mongolia. The event is taking place on 18 February in Istanbul, Turkey, a major regional hub with strong commercial links with Central Asia.

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China invests in automobile production in north Kazakhstan

  • Written by TCA

ASTANA (TCA) — China Machinery Company has so far invested $5 million in the production of JAC cars in the industrial zone in Kazakhstan’s northern Kostanai province, the province’s Governor Arkhimed Mukhambetov said at a briefing in Astana on February 16, the official website of the Prime Minister of Kazakhstan reported.

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Foreign investment in Kazakhstan’s economy on the decline

  • Written by TCA

ASTANA (TCA) — Kazakhstan should keep the inflow of foreign investments in the manufacturing sector as investments are declining in other sectors of the country’s economy, Yerlan Khairov, the chairman of the Investment Committee of the Kazakh Ministry of Investment and Development, said at a media briefing on February 16, the official website of the Prime Minister of Kazakhstan reported.

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European Union reaffirms support to Kyrgyzstan and Tajikistan

  • Written by TCA

BISHKEK (TCA) — The European Union (EU) held its Cooperation Council meetings with Kyrgyzstan on February 15 and Tajikistan on February 16 in Brussels.

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World Bank expands project to support rural livelihoods in Tajikistan

  • Written by TCA

DUSHANBE (TCA) — The Minister of Finance of Tajikistan, Abdusalom Qurboniyon, and the World Bank Country Manager for Tajikistan, Patricia Veevers-Carter, late last week signed an agreement on the allocation of additional financing for the Tajikistan Environmental Land Management and Rural Livelihoods Project. The additional financing of US$2.83 million was approved by the World Bank Board of Executive Directors in June 2015, the World Bank said.

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Germany grants 54 million euros for development assistance to Tajikistan

  • Written by TCA

DUSHANBE (TCA) — Agreements on financial and technical cooperation between the governments of Tajikistan and Germany were signed in Dushanbe last week, Avesta news agency reported with reference to the Tajik Ministry of Economic Development and Trade.

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Kazakh government reviews implementation of anti-crisis measures

  • Written by TCA

ASTANA (TCA) — On February 15 Kazakhstan’s Prime Minister Karim Massimov held a meeting of the Government to discuss implementation of the President's instructions given at the enlarged session of the Government of Kazakhstan on February 10, 2016, the official website of the Prime Minister reported.

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Turkmenistan to amend constitution to extend president's term

  • Written by TCA

ASHGABAT (TCA) — Turkmen state media are reporting that a "public discussion" of constitutional amendments aimed at extending the President's term of office and dropping the age limit for presidential candidates has been launched in Turkmenistan.

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World Bank helps Tajikistan strengthen country’s climate resilience

  • Written by TCA

DUSHANBE (TCA) — The Minister of Finance of Tajikistan, Abdusalom Qurboniyon, and the World Bank Country Manager for Tajikistan, Patricia Veevers-Carter, on February 12 signed an agreement to finance the Climate Adaptation and Mitigation Program for Aral Sea Basin (CAMP4ASB). Under this regional program, financing for Tajikistan includes US$9 million from the International Development Association, the World Bank said.

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US embassy launches campaign to celebrate 25 years of US-Kazakh relations

  • Written by TCA

ASTANA (TCA) — The U.S. Mission to Kazakhstan has announced the 25th anniversary campaign celebrating relations between the United States and Kazakhstan, highlighting achievements in a range of areas and featuring three main themes: innovation, friendship, and partnership.

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Kazakhstan may open a trade mission in Iran

  • Written by TCA

ASTANA (TCA) — The Ministry of Investment and Development in conjunction with the Ministry of Foreign Affairs and the National Chamber of Entrepreneurs of Kazakhstan are considering the opening of a trade mission of Kazakhstan in Iran, Chairman of Industrial Development and Industrial Safety Committee at the Ministry of Investment and Development, Amaniyaz Yerzhanov, told a media briefing in Astana on February 12, the official website of the Prime Minister of Kazakhstan reported.  

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Kyrgyz fruit and vegetables will be delivered to Astana supermarkets

  • Written by TCA

ASTANA (TCA) — At the initiative of the Trade Committee of the Atameken National Chamber of Entrepreneurs of Kazakhstan a business meeting was held last week with a delegation of representatives of farms from the Osh region of southern Kyrgyzstan. The meeting was organized to build a partnership between Kyrgyz farmers and commercial enterprises of the Kazakh capital, Astana, for the early supply of fruit and vegetables and signing of long-term supply contracts, the National Chamber of Entrepreneurs of Kazakhstan said on its website.

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U.S. government launches new health and nutrition program in Tajikistan

  • Written by TCA

DUSHANBE (TCA) — The United States government, through the United States Agency for International Development (USAID), has announced a new health and nutrition program that will operate in Tajikistan’s western Khatlon Province.

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Stratfor’s Global Intelligence: Week of Feb. 15, 2016

  • Written by Stratfor

BISHKEK (TCA) — The Times of Central Asia presents to its readers Stratfor’s Global Intelligence, a weekly review of the most important events that happened in the world — from Europe to Middle East to Russia to Central Asia to Afghanistan to China and the Americas.

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Kyrgyzstan’s economy shows growth, people show growing discontent

  • Written by Maria Levina

BISHKEK (TCA) — The economy of Kyrgyzstan has fallen by 10.7% in January compared to 2015. The Government explained the decline in GDP by reduced gold production at the Kumtor gold mine due to mining in an ore area with low gold content.

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Russian-Kyrgyz Development Fund expanding activities

  • Written by Maria Levina

BISHKEK (TCA) — The Chairperson of the Russian-Kyrgyz Development Fund (RKDF) Nursulu Akhmetova this week told the media about the results, new directions and prospects of the Fund activities.

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European and Central Asia universities are closer thanks to TuCAHEA

  • Written by TCA

PISA, Italy (TCA) — After three and a half years of activity TuCAHEA, a large-scale Tempus project financed by the European Commission and coordinated academically and scientifically by the University of Pisa (Italy), is coming to completion. Its ambitious aim was to create the bases and define the parameters for reforming the normative and organizational frameworks of Central Asia’s university systems, making them compatible with each other, and aligning them with the European system, the University of Pisa said on its website on February 11.

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Kyrgyzstan prioritizes agriculture development

  • Written by TCA

BISHKEK (TCA) — The government of Kyrgyzstan will focus on agriculture development, Prime Minister Temir Sariyev said in the Kyrgyz parliament on February 11.  

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Kazakhstan ratifies EEU free trade agreement with Vietnam

  • Written by TCA

ASTANA (TCA) — On February 11 the Senate of Kazakhstan’s Parliament ratified the free trade agreement between the Eurasian Economic Union member states and Vietnam.

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Nazarbayev proposes deepening EEU economic relations with third countries

  • Written by TCA

ASTANA (TCA) — Kazakhstan President Nursultan Nazarbayev has proposed declaring 2016 the “year of deepening economic relations of the Eurasian Economic Union (EEU) with third countries and key integration associations”.

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Alstom increases stake in JV producing locomotives in Kazakhstan

  • Written by TCA

ASTANA (TCA) — France’s Alstom and the Kazakh national railway company Kazakhstan Temir Zholy (KTZ) have closed the deal of Alstom’s acquisition of an additional 25% in the EKZ joint venture (JV), created in 2010 by Alstom, KTZ and Transmashholding (TMH) to produce electric locomotives in Kazakhstan, Alstom said on February 11.   

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Falling remittances push housing and car prices down in Tajikistan

  • Written by TCA

DUSHANBE (TCA) — The demand for real estate, especially for housing, and motor vehicles has been declining in Tajikistan, Avesta news agency reported.

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First container train from China enters Iran through Turkmenistan

  • Written by TCA

ASHGABAT (TCA) — The first regular container train running from China through Kazakhstan and Turkmenistan to Iran on February 10 entered Iran through Turkmenistan’s Serahs rail station, the State Information Agency of Turkmenistan reported.  

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Iran’s oil industry needs $200 billion in investments

  • Written by TCA

TEHRAN (TCA) — Iran has said it needs $200 billion in investments to revamp its oil industry, the country’s PressTV news agency reported.  

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