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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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Kazakhstan and EU agree to extend cooperation

  • Written by TCA

ASTANA (TCA) — Kazakhstan President Nursultan Nazarbayev met with European Commission President Jean-Claude Juncker in Brussels on March 30. The meeting focused on ratification of the EU-Kazakhstan Enhanced Partnership and Cooperation Agreement signed in December 2015 and sanctions against Russia that affect Kazakhstan, RFE/RL reported.  

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Turkish company plans to build waste processing plant in Osh in Kyrgyzstan

  • Written by TCA

BISHKEK (TCA) — A Turkish-German company plans to build a waste utilization plant in the southern Kyrgyz city of Osh, the press service of the Kyrgyz Economy Ministry said.

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Japan’s One Village One Product model to cover more regions in Kyrgyzstan

  • Written by TCA

BISHKEK (TCA) — The Japan International Cooperation Agency (JICA) and the Economy Ministry of Kyrgyzstan have signed a protocol for a project to spread the Issyk-Kul model of the One Village One Product (OVOP) movement to other regions in Kyrgyzstan, the ministry said.

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Kazakhstan attracts investors through diplomats

  • Written by TCA

ASTANA (TCA) — Astana hosted a meeting of the Diplomatic Business Club, which was established with the support of Atameken National Chamber of Entrepreneurs of Kazakhstan and the country’s Ministry of Foreign Affairs. The event presented investment projects of Kazakhstan’s Aktobe region to heads of diplomatic missions accredited in Kazakhstan, the Atameken NCE reported on its website on March 28.

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Security cameras, metal detectors to be installed in Tajik mosques

  • Written by TCA

DUSHANBE (TCA) — Authorities in Tajikistan will install security cameras and metal detectors in all mosques in the country’s capital, Dushanbe, the office of the city mayor said on March 29.

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Kumtor gold mine has little effect on glaciers in Kyrgyzstan, experts say

  • Written by Maria Levina

BISHKEK (TCA) — An expert group has concluded that the impact of the Kumtor gold mine on the reduction of the Ak-Shyyrak glaciers is “negligible”. According to experts, the glaciers had begun to melt down long before the Kumtor mine started operation, and the warming climate was the main reason for that.

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Italian business exploring opportunities in Kazakhstan’s Mangistau region

  • Written by TCA

ASTANA (TCA) — Businessmen from Italy met with business circles of Kazakhstan’s western Mangistau province, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on its website on March 28.

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Tenge stabilizing in Kazakhstan

  • Written by TCA

ASTANA (TCA) — The situation on the currency market is stabilizing in Kazakhstan, the National Bank Chairman Daniyar Akishev said during his meeting with Kazakhstan President Nursultan Nazarbayev on March 28, Novosti-Kazakhstan news agency reported.   

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Russia grants $2m to support agro production, tourism at Issyk-Kul in Kyrgyzstan

  • Written by TCA

BISHKEK (TCA) — The government of Russia has allocated US $2 million of grant funds for the project of the United Nations Industrial Development Organization (UNIDO) “Development of production industries in the Issyk-Kul province of Kyrgyzstan and strengthening of their ties with the tourist sector,” the Russian Embassy in Bishkek said on March 28.   

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Kyrgyzstan’s former State Secretary charged with attempt to seize power

  • Written by TCA

BISHKEK (TCA) — Kyrgyzstan’s former State Secretary Dastan Sarygulov has been charged with an attempt to seize power in the country, said the press office of the State Committee for National Security.    

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Almaty to host workshop on radicalization in Central Asia

  • Written by TCA

ASHGABAT (TCA) — Representatives from Central Asian countries, observer states, regional and international organizations, as well as relevant experts, counter-terrorism practitioners, and civil society from across the region will gather in Almaty, Kazakhstan, between March 29 and 31 to discuss the worldwide growing trend of radicalization and its realities in the region, said the UN Regional Center for Preventive Diplomacy for Central Asia (UNRCCA), based in Ashgabat, Turkmenistan.  

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