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KABUL (TCA) — The High Representative of the European Union for Foreign and Security Policy and Vice–President of the European Commission, Federica Mogherini, and the Minister of Finance of the Islamic Republic of Afghanistan, Eklil Hakimi, on February 18 in Munich signed a Cooperation Agreement on Partnership and Development (CAPD), in the presence of Afghanistan President Ashraf Ghani, the European External Action Service said. Continue reading
BISHKEK (TCA) — Belarus and Afghanistan plan to set up joint food processing ventures, Belarus’ BelTA information agency reported with reference to the Belarusian Agriculture and Food Ministry. Continue reading
DUSHANBE (TCA) — US Ambassador to Tajikistan Elisabeth Millard last week attended an opening ceremony for a new commercial greenhouse in Ghayrat village near Qurghonteppa. Several key stakeholders also attended the event, including Hidirzoda Makhfirat Umar, Deputy Governor of Tajikistan’s Khatlon Province, the US Embassy in Dushanbe reported. Continue reading
BISHKEK (TCA) — The Onuguu-Progress party faction in the Kyrgyz Parliament will seek the Government’s resignation due to its poor work on Kyrgyzstan’s integration into the Eurasian Economic Union (EEU), the faction leader Bakyt Torobaev said on February 16. Earlier this month, the Ata Meken opposition parliamentary faction suggested expressing a vote of no confidence in the Government. Continue reading
ALMATY (TCA) — Recently a minor-scale bank in Kazakhstan named KazInvest ran aground. Now, another one, Delta Bank, is moving towards the brink of bankruptcy. Yet another “junior”, Temirbank, formerly owned by BTA and now controlled by Fortebank, recently defaulted on its coupon repayment schedule as well. In 2016, Temirbank posted a net income of 10.875 billion tenge which turned into a net loss of 4.41134 billion for the full year during the last quarter. During the last three months, equity capital dwindled from 54.5 billion to 39.2 billion tenge. Current asset par value stands close to 357 billion tenge, but it remains unclear what the percentage of exposed assets within that amount is. Continue reading
BISHKEK (TCA) — The Publisher’s note: Central Asia is an important geopolitical area between Europe, Russia and China. It is in Central Asia that world powers have confronted each other for centuries; it is here that China needs to succeed with its new Silk Road Belt for direct access to the Western markets; and it is here that a large wealth of raw materials has its origin. Every week thousands of news appears all over the world in printed and online media and it is quite understandable that many of them may escape the attention of busy readers. At The Times of Central Asia, we strongly believe that more information can better contribute to peaceful development and better knowledge of the region, and for this reason we are presenting this Weekly Digest of Central Asia which compiles what other media have reported during the past week. Continue reading
