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Investors from Iran to grow grain crops, raise sheep in Kazakhstan’s Aktobe

  • Written by TCA

ASTANA (TCA) — Investors from Iran are planning to grow grain crops in Kazakhstan’s Aktobe province, Novosti-Kazakhstan reported with reference to the press service of the province’s governor.

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China to build a hydro power plants cascade in Kyrgyzstan

  • Written by TCA

BISHKEK (TCA) — China’s State Power Investment Corporation plans to build a cascade consisting of four hydro electric power plants on the Naryn river near Kazarman in Kyrgyzstan’s Jalal-Abad province, the Kyrgyz governmental press service said after the meeting of Kyrgyz Deputy Prime Minister Oleg Pankratov with the company’s representatives.   

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FAO training helps to increase rural investment in Central Asia

  • Written by TCA

BISHKEK (TCA) — A project of the Food and Agriculture Organization of the United Nations (FAO) has assisted five countries (Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkey) in preparing high-quality rural investment project proposals, and increasing the number of feasible and sustainable rural investments designed to improve incomes, the FAO Regional Office for Europe and Central Asia said on April 4.

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New World Bank project to strengthen property market in Tajikistan

  • Written by TCA

DUSHANBE (TCA) — The World Bank Board of Executive Directors has approved the financing of US$10 million from the International Development Association for the Tajikistan Real Estate Registration Project, which will support the implementation of a unified registration system for immovable property, which should contribute toward the development of property market in Tajikistan, the World Bank said.

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Kyrgyzstan takes back Issyk-Kul resorts from Uzbekistan

  • Written by TCA

BISHKEK (TCA) — The Government of Kyrgyzstan at the closed-door meeting on April 4 decided to take back from Uzbekistan four resorts at Kyrgyzstan’s Lake Issyk-Kul, Kyrgyz media reported with reference to the Government’s press service.

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U.S. supports efforts to restore Aral Sea

  • Written by TCA

ALMATY (TCA) — Mark Moody, U.S. Consul General in Almaty, Kazakhstan, observed notable progress toward the restoration of the Northern section of the Aral Sea during his visit to the Aral region from March 31 to April 2, the U.S. Consulate General in Almaty said.

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Turkey considers investment opportunities in Kazakhstan’s Pavlodar region

  • Written by TCA

ASTANA (TCA) — Investors from Turkey visited Kazakhstan’s Pavlodar region to find business partners and consider investment opportunities in the region, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on its website on April 4.

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Polymetal acquires gold deposit in Kazakhstan

  • Written by TCA

ASTANA (TCA) — Polymetal International plc has entered into a binding agreement with Kazzinc LTD, a subsidiary of Glencore plc, for the acquisition of Orion Minerals LLP, the holding company for the Komarovskoye gold deposit in Kazakhstan, Polymetal said on April 4.

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Kazatomprom and ConverDyn launch joint uranium marketing initiative

  • Written by TCA

ASTANA (TCA) — Kazakhstan’s national atomic company Kazatomprom and US’s ConverDyn have signed a cooperation agreement that provides a framework for the world’s largest uranium producer and the leading provider of UF6 conversion services to jointly offer uranium in the form of natural uranium hexafluoride (UF6) to global utilities, Kazatomprom said on April 4.  

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Kazakhstan opens trading house in Afghanistan

  • Written by TCA

ALMATY (TCA) — Kazakhstan has opened its first trading house in Kabul in an effort to expand bilateral trade with Afghanistan.

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U.S. and Central Asia: prosperity through partnership

  • Written by TCA

BISHKEK (TCA) — On April 4-6, representatives of the five Central Asian nations and the United States are meeting to promote jobs, prosperity, and stability for the people of Central Asia. They will work together to enhance a spirit of cooperation and foster an open environment for international trade and investment through two efforts: the U.S.–Central Asian Trade and Investment Framework Agreement (TIFA) Council Meeting, and the C5+1 Economic and Regional Connectivity working group, the U.S. Embassy in Bishkek said.

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United States supports tourism development in Karakol in Kyrgyzstan

  • Written by TCA

BISHKEK (TCA) — The newly created destination management organization, Destination Karakol, unveiled plans last week to develop and promote the greater Karakol area as an appealing, year-round tourism destination in Kyrgyzstan’s Issyk-Kul province. This initiative is supported by the United States through the USAID Business Growth Initiative, the USAID BGI Project said.

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OSCE, Kyrgyzstan agree on extending operations of OSCE Academy in Bishkek

  • Written by TCA

BISHKEK (TCA) — OSCE Chairperson-in-Office and Germany’s Foreign Minister Frank-Walter Steinmeier and Kyrgyzstan’s Foreign Minister Erlan Abdyldaev on March 31 signed an agreement on extending the current operating modalities and academic independence of the OSCE Academy in Bishkek.

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Stratfor’s Global Intelligence: Week of April 4, 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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Foreign investments depend on political stability in Kyrgyzstan

  • Written by Maria Levina

BISHKEK (TCA) — Foreign direct investments amounted to $818.8 million in 2015 in Kyrgyzstan, 12.6% more than in 2014, Prime Minister of Kyrgyzstan Temir Sariyev said on March 31. Of this amount, $120 million was received due to tenders for development of two major gold fields, Jerooy and Terekkan-Perevalnoye.

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Loan agreement on rehabilitation of Kyrgyzstan’s Toktogul HPP takes effect

  • Written by TCA

BISHKEK (TCA) — The agreement to provide a US $100 million investment credit from the Eurasian Fund for Stabilization and Development (EFSD) for the rehabilitation of the Toktogul hydro power plant (Phase 2) has taken effect late in March. In the near future, the Kyrgyz Ministry of Economy will begin to prepare tender documents to arrange procurement for the project. Procurement will be effected using international bidding procedures, the press office of the Eurasian Development Bank (EDB) said.

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Kazakh-Hungarian Investment Fund starts working in Kazakhstan’s agriculture

  • Written by TCA

ASTANA (TCA) — A joint communique was signed on March 31 in Astana at the meeting of the Consultative Council of the Kazakh-Hungarian Investment Fund of direct investments, the official website of the Prime Minister of Kazakhstan reported.

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ADB expands trade finance program in Kazakhstan

  • Written by TCA

ASTANA (TCA) — The Asian Development Bank (ADB) and Kazakhstan’s Tsesnabank on March 31 signed an agreement under which the Trade Finance Program (TFP) will provide guarantees in support of Tsesnabank’s trade finance operations, the ADB Country Office in Kazakhstan said.  

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Kyrgyz prime minister names key investment attraction measures

  • Written by TCA

BISHKEK (TCA) — Speaking in the parliament on March 31, Kyrgyzstan’s Prime Minister Temir Sariyev outlined key measures aimed at the country’s economic development, the government’s press service reported.

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German FM discusses regional issues with Kyrgyzstan president

  • Written by TCA

BISHKEK (TCA) — Germany’s Foreign Minister Frank-Walter Steinmeier, who is also the chairman in office of the Organization for Security and Cooperation in Europe (OSCE), discussed bilateral ties and regional and international issues with Kyrgyzstan President Almazbek Atambayev in Bishkek on March 31.

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Tourism development program presented in Kyrgyzstan

  • Written by Maria Levina

BISHKEK (TCA) — Kyrgyzstan’s Tourism Development Program until 2020, presented on March 30, aims at creation of favorable conditions for tourism and increase of its share in GDP by at least 7% and increase of the annual number of foreign tourists by 20%.

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Tajikistan needs to focus on competitive industries and exports - ADB

  • Written by TCA

DUSHANBE (TCA) — Tajikistan’s economic growth is forecast to slow further in 2016, reflecting the need for accelerating reforms to develop competitive industries and exports, and to create jobs, says a new Asian Development Bank (ADB) report.

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Kazakhstan to reform approach to attracting investment

  • Written by TCA

ASTANA (TCA) — Kazakhstan will drastically reform the approach to attracting investments, the country’s Minister of National Economy Yerbolat Dossayev said at a press conference with members of the National Commission for modernization and implementation of the Nation’s Plan "100 concrete steps" on March 30, the official website of the Prime Minister of Kazakhstan reported.  

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German foreign minister starts Central Asia tour in Uzbekistan

  • Written by TCA

TASHKENT (TCA) — Germany’s Foreign Minister Frank-Walter Steinmeier, who is also the chairman in office of the Organization for Security and Cooperation in Europe (OSCE), is visiting Uzbekistan, Kyrgyzstan and Tajikistan from 29 March to 1 April and holding talks with the countries’ political leaders in all three capitals. Steinmeier is also meeting representatives of civil society in the Central Asian countries, the German Foreign Ministry said.

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