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BISHKEK (TCA) — Arrested former Kyrgyz President Almazbek Atambayev has been remanded in custody until August 26 while an investigation has been launched into his wife's activities. Continue reading
TASHKENT (TCA) — For the first time in Uzbekistan’s history, the share of investment in the country’s gross domestic product has exceeded 38 percent. In previous years, this figure had not reached 25 percent, President Shavkat Mirziyoyev said at a government meeting on August 14 to discuss the results of socio-economic development in the country in the first half of 2019 and priority tasks for the second half of the year, the president’s official website reported. It was said that this year, declared as the Year of Active Investments and Social Development in Uzbekistan, large-scale efforts are underway to attract and develop investments, primarily foreign direct investment. In the first half of the year, indicators of the development of foreign direct investment grew 2.7-fold, while funds drawn from international financial institutions increased 3.7-fold. During the period, the country’s gross domestic product increased by 5.8 percent and industrial production grew 6.9 percent. The president stressed the need for a radical reform of the banking system, introduction of new types of banking services and improving their quality. In the first six months of the year, inflation amounted to 5.6 percent and did not exceed forecast indicators. The president also spoke about boosting the role of manufacturing industry in the economy. “Over the past year, the share of industry in gross domestic product has grown from 26 to 30 percent, but this still does not correspond to the scale of the reforms we started,” Mirziyoyev said.
BISHKEK (TCA) — The former British Ambassador to Kyrgyzstan, Robin Ord-Smith, has been appointed the country’s business ombudsman, according to a decree signed by Kyrgyz Prime Minister Mukhammedkalyi Abylgaziyev on August 15, the Government’s website reported. Continue reading
KABUL (TCA) — The UK and the European Union have reaffirmed their support to the Afghan presidential elections scheduled for September 28 amid hopes and skepticism concerning a possible peace deal between the US and the Taliban and a week after the hardline group warned Afghan citizens to avoid attending election campaign gatherings as Taliban fighters have been ordered to target campaign rallies throughout the country, Afghan broadcaster TOLOnews reported. Continue reading
TASHKENT (TCA) — In a bid to boost its tourism industry, Uzbekistan, starting from 1 January 2020, will introduce 30-day visa-free travel for tourists from 20 more countries, mostly in Central America, and partly compensate the expenses of tour operators and charter flight organizers if they bring in foreign tourists to the Central Asian country. The moves are stipulated by a presidential decree issued this week. Continue reading
TASHKENT (TCA) — President of Uzbekistan Shavkat Mirziyoyev signed a new law on August 13 which allows the privatization of non-agricultural land for the first time in the country's history, Xinhua news agency reported. Continue reading
