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Kazakhstan’s automobile industry on way to recovery

  • Written by TCA

ASTANA (TCA) — In the first half of this year, Kazakhstan’s automobile industry contributed 23.1 billion tenge to the country’s GDP (manufacture of motor vehicles, trailers and semi-trailers), which significantly exceeded the performance of several other sectors of the manufacturing industry, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported with reference to the Ministry of Investment and Development of Kazakhstan.

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Kazakhstanis transfer to abroad more money than they get back

  • Written by TCA

ASTANA (TCA) — The number of money transfers received by residents of Kazakhstan from abroad increased by 130 percent year on year in May. The most popular currencies were the US dollar and Russian ruble, and the main source was Russia, according to Ranking.kz, a monitoring project dealing with the Kazakh economy in the rankings format.

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Kyrgyzstan: MPs clamor for constitutional fixes

  • Written by Anna Lelik

BISHKEK (TCA) — As an initiative to hold a nationwide referendum to pass new constitutional amendments was announced in Kyrgyzstan late last week, we are republishing this article by Anna Lelik, originally published by EurasiaNet.org:

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Kyrgyzstan establishes Guarantee Fund to support lending of SMEs

  • Written by TCA

BISHKEK (TCA) — A Guarantee Fund has been established in Kyrgyzstan, Economy Minister Arzybek Kojoshev said at the Kyrgyz Government meeting on July 29, the Government’s press service said.   

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Switzerland and EBRD support wastewater upgrade in Osh in Kyrgyzstan

  • Written by TCA

BISHKEK (TCA) — The 275,000-strong population of Osh will benefit from a new wastewater plant which has just opened in the second largest city in Kyrgyzstan thanks to financing provided by the European Bank for Reconstruction and Development (EBRD) and the Government of Switzerland, the Embassy of Switzerland in the Kyrgyz Republic and the EBRD said on July 29.

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Afghan government forces 'losing ground' to Taliban — U.S. report

  • Written by TCA

KABUL (TCA) — A new report published by the U.S. Special Inspector General for Afghanistan Reconstruction says the Afghan government lost control of nearly 5 percent of its territory between January and May 2016, despite the delayed U.S. troop withdrawal from the country, RFE/RL reported.

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Stratfor’s Global Intelligence: Week of Aug. 1, 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 investment visa: difficult to obtain and expensive

  • Written by Maria Levina

BISHKEK (TCA) — Kyrgyzstan can attract investors by issuing residence permits for them, says Askar Sydykov, the executive director of the International Business Council (IBC) based in Bishkek.

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Botanical Garden should be revived in Kyrgyzstan, ecologists say

  • Written by Maria Levina

BISHKEK (TCA) — The Bishkek City Administration plans to use part of the Bishkek Botanical Garden for construction of a new road. The project has already been submitted to the Government. If the project is implemented, the areas with flowers and rare plants, the Arboretum Reserve, and, most importantly, the irrigation system of the Botanical Garden will be affected. According to scientists of the Garden, 227 trees and shrubs of 18 species would be cut down.

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Afghanistan becomes WTO member

  • Written by TCA

KABUL (TCA) — Today, July 29, Afghanistan has become the 164th member of the World Trade Organization (WTO).

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Switzerland helps improve health of rural population in Kyrgyzstan

  • Written by TCA

BISHKEK (TCA) — With the support of the Swiss cooperation, village health committees and municipalities have implemented joint projects to improve the health of their population in 32 villages of Issyk-Kul and 25 villages of Jalal-Abad provinces of Kyrgyzstan, the Embassy of Switzerland in the Kyrgyz Republic said.  

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Uzbekistan reports impressive economic growth in first half of 2016

  • Written by TCA

TASHKENT (TCA) — Uzbekistan has maintained sustainable high rates of economic growth in the first half of this year, Uzbekistan’s official Jahon information agency reports with reference to data from the country’s Economy Ministry and State Statistical Committee.

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DBK and Almex to jointly attract foreign investment to Kazakh economy

  • Written by TCA

ASTANA (TCA) — The Development Bank of Kazakhstan and Almex Holding Group have signed an agreement on cooperation in co-financing projects and attracting foreign investments into the economy of Kazakhstan. The document was signed by the Chairman of the Board of DBK Bolat Zhamishev and the Chairman of the Board of Almex Mazhit Yessenbayev, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on July 28.

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Kyrgyzstan to build mountain ski cluster at Issyk-Kul

  • Written by TCA

BISHKEK (TCA) — Given favorable geographical and climatic conditions for the development of mountain skiing and tourism in Kyrgyzstan, the Government has initiated a pilot project of a Mountain Ski Cluster in the Issyk-Kul province, Economy Minister Arzybek Kojoshev said at a meeting held last week in the province’s main city, Karakol, to discuss the project, the Ministry’s press service said.

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Union of Farmers of Kazakhstan against lease of farmland by foreigners

  • Written by TCA

ASTANA (TCA) — The Union of Farmers of Kazakhstan has spoken against leasing of Kazakh agricultural land by foreigners because it doubts the transparency of such procedure, Novosti-Kazakhstan news agency reported.   

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National-currency deposits in Kazakhstan banks up 44%

  • Written by TCA

ALMATY (TCA) — From the beginning of this year, deposits in the national currency, the tenge, in Kazakhstan banks have increased by 43.8 percent while foreign-currency deposits have decreased by 12 percent, the press service of the National Bank of Kazakhstan said.

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Turkmen central bank stops currency conversion for local companies

  • Written by TCA

ASHGABAT (TCA) — From July 25, the Central Bank of Turkmenistan has fully stopped currency conversion for companies and organizations of all forms of ownership, Alternative News of Turkmenistan reported with reference to its sources in the Turkmen government.

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Russian FM speaks about possible EEU-ASEAN integration

  • Written by TCA

BISHKEK (TCA) — Speaking at a news conference on the sidelines of the annual ASEAN high-level events that took place in Vientiane, Laos on July 26, Russian Foreign Minister Sergey Lavrov spoke about prospects of holding negotiations between the Eurasian Economic Union and ASEAN as an organization.

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Salted apricot kernels Uzbekistan’s most expensive agricultural export item

  • Written by TCA

TASHKENT (TCA) — According to the directorate of the 1st International Fruit and Vegetable Fair which was recently held in Tashkent, the most expensive agricultural export product from Uzbekistan is salted apricot kernels, whose price per ton varies between $3,100 and $4,000, Novosti Uzbekistana news agency reported.  

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Kyrgyzstan and WFP launch skills training for food security

  • Written by TCA

BISHKEK (TCA) — The United Nations World Food Programme (WFP) and the Government of the Kyrgyz Republic on July 26 agreed to develop training courses and coaching services related to techniques in agriculture, to improve the knowledge, livelihoods and food security of the poor and vulnerable across the country, the WFP Kyrgyzstan said.  

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Korea to start new healthcare project in Uzbekistan

  • Written by TCA

TASHKENT (TCA) — Director of KOICA Uzbekistan Office Im Jeong Hee and the Deputy Minister of Health of Uzbekistan Laziz Tuychiev have signed a protocol on the implementation of a new project “Creation of a center of excellence of medical personnel of the Children’s Diversified Medical Center and the 4th-level highly specialized multidisciplinary clinic” in Tashkent, the Jahon information agency reported.  

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UN reports record high level of civilian casualties in Afghanistan

  • Written by TCA

KABUL (TCA) — A UN report on Afghanistan published on July 25 shows a record number of civilian casualties since counting began in 2009, with 5,166 civilians recorded killed or maimed in just the first six months of this year, of whom almost one-third were children. The total civilian casualty figure recorded by the UN between 1 January 2009 and 30 June 2016 has risen to 63,934, including 22,941 deaths and 40,993 injured, the UN Assistance Mission in Afghanistan (UNAMA) said.

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Labor migration from Tajikistan to Russia reportedly down

  • Written by TCA

DUSHANBE (TCA) — Tajik officials say the number of Tajik migrant workers who left to Russia and other countries in the first half of 2016 has dropped by nearly 7 percent compared to the same period last year, RFE/RL's Tajik Service reported.

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Uzbekistan and France discuss further cooperation

  • Written by TCA

TASHKENT (TCA) — The regular, sixth meeting of the Uzbek-French Intergovernmental Commission on Trade and Economic Cooperation was held in Tashkent last week, the Jahon Information Agency reported. Representatives of ministries and agencies, firms and companies of the two countries operating in the fields of economy, trade, investment, oil and gas, banking and finance, engineering, aviation, natural resources, agriculture and water resources, geology, pharmaceuticals, information technology and telecommunications participated in the meeting.

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Fitch upgrades ratings of 4 state-controlled Uzbek banks

  • Written by TCA

TASHKENT (TCA) — Fitch Ratings has upgraded the Long-Term Foreign-Currency Issuer Default Ratings (IDRs) of Uzbek Industrial and Construction Bank (Uzpromstroybank, UPSB), Asaka Bank, Agrobank, and Microcreditbank (MCB) to ‘B’ from ‘B-’ with Stable Outlooks, the Jahon information agency reported with reference to the ratings agency.  

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