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BISHKEK (TCA) — Chinese investors show the strongest dynamics of foreign direct investment (FDI) in the Eurasian Economic Union (EEU) countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia). Between 2008 and 2014, China's FDI stock in the region more than doubled, from $11 billion to $27.1 billion. Over the same period, Japanese FDI reached $14.4 billion and South Korean FDI reached $1.9 billion, according to the report “EEU and Eurasia: Monitoring and Analysis of Direct Investments”, prepared by Eurasian Development Bank's (EDB) Centre for Integration Studies. Continue reading
DUSHANBE (TCA) — Despite the negative impact of external factors on Tajikistan’s economy, the country’s GDP grew six percent in 2015, Tajik Prime Minister Qohir Rasulzoda said on January 21 at the expanded meeting of the Government of Tajikistan that reviewed the results of the country’s social and economic development in 2015 and the main objectives for 2016, the Tajik presidential press service reported. Continue reading
DUSHANBE (TCA) — Sean O’Sullivan, Director General of the Asian Development Bank (ADB)’s Central and West Asia Department, on January 19 concluded a two-day visit to Tajikistan, during which he met with Prime Minister Kokhir Rasulzoda and other senior government officials to discuss the country's development priorities and current economic situation, ADB’s assistance program, and reaffirm ADB’s continued support for national development, the ADB Country Office in Tajikistan said. Continue reading
ALMATY (TCA) — Kazakhstan’s chief banker has said the National Bank of Kazakhstan is not planning any restrictions on operations with cash foreign currency in the country, Novosti-Kazakhstan news agency reported. Continue reading
ASTANA (TCA) — Entrepreneurs from Uzbekistan are interested in growing fruit orchards in southern Kazakhstan, Novosti-Kazakhstan news agency reported citing Nurzhan Altayev, deputy chairman of the National Chamber of Entrepreneurs of Kazakhstan. Continue reading
ASTANA (TCA) — US retail chain Wal-Mart has shown interest in ecologically clean food products from Kazakhstan, Novosti-Kazakhstan news agency reported citing Nurzhan Altayev, deputy chairman of the National Chamber of Entrepreneurs of Kazakhstan. Continue reading