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Kazakhstan in 2015 and into 2016: hopes and headaches*

ALMATY (TCA) — The year 2015 is bound to stay on people’s memories in Kazakhstan as the year everybody expected the curtain to fall – on people’s heads, that is. The current year, with the country’s national currency held by the fortunes of a ghost that keeps refusing to return into its bottle, unless cash flows are restored to durable levels. To allow this to happen, the government has resorted to what remarkably looks like Russia’s notorious stock-for-loans scheme worked out by the tandem Gaidar/Chubais in the mid-1990s. Will it work out this time? Continue reading

Uzbekistan’s GDP to grow 7.5% in 2016 — World Bank

TASHKENT (TCA) — The gross domestic product (GDP) of Uzbekistan is expected to grow by 7.5 percent in 2016, according to the World Bank’s Global Economic Prospects published on January 6, the Jahon information agency reported. Continue reading

Tajik hydro power projects may provide irrigation water to neighbors

DUSHANBE (TCA) — Construction of new hydro power plants on the Panj River in Tajikistan would help provide irrigation water for around two million hectares of farmland in downstream Central Asian countries and in Afghanistan, Avesta news agency reported with reference to Tajikistan’s energy-sector authorities. Continue reading

Azerbaijan to help improve energy saving in Uzbek oil and gas sector

TASHKENT (TCA) — Azerbaijan’s state energy company SOCAR and Uzbekistan’s national oil and gas company Uzbekneftegaz plan to establish a joint venture to introduce energy-saving technologies to the Uzbek oil and gas industry during the first six months of 2016, AzerNews reported. Continue reading

ADB approves record $27 billion in 2015 to meet Asia’s development needs

BISHKEK (TCA) — The Asian Development Bank’s (ADB) operations—comprising approvals of loans and grants, technical assistance, and co-financing—reached an all-time high of $27.15 billion in 2015, an increase of about 19% over the $22.89 billion in 2014, the ADB said.   Continue reading

Stratfor’s Global Intelligence: Week of Jan. 11, 2016

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. Continue reading