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Saudi Arabia to provide $108 million for Tajik road project

DUSHANBE (TCA) — Saudi Arabia through the Islamic Development Bank will provide $108 million to Tajikistan for the reconstruction of two road sections Kulyab-Shuroabad and Shkev-Kalai Khumb of the Kulyab - Kalai Khumb motor road, Avesta news agency reported with reference to Tajikistan’s Transport Ministry. Continue reading

Kyrgyzstan will not experience power outages — PM

BISHKEK (TCA) — There will be no power outages in Kyrgyzstan during the ongoing repair works at the Toktogul hydroelectric power plant, Prime Minister Temir Sariyev has said. Continue reading

Russia’s Gazprom to increase gas purchases from Uzbekistan

TASHKENT (TCA) — Russian gas giant Gazprom in 2016 will increase natural gas purchases from Uzbekistan, Russia’s TASS news agency reported citing Gazprom Chairman Alexei Miller.   Continue reading

Inflation exceeded 13% in Kazakhstan in 2015

ASTANA (TCA) — Inflation in Kazakhstan reached 13.6 percent in 2015, the official website of the Prime Minister of Kazakhstan reported with reference to the Statistics Committee of the Ministry of National Economy of Kazakhstan. Continue reading

Uzbekistan to set up new JV for geological exploration

TASHKENT (TCA) — Uzbekistan’s state oil and gas company Uzbekneftegaz will set up a joint venture on a parity basis with a foreign investor for geological exploration of investment blocks Sechankul, Akdjar, and Chimbai, as well as for development of Urga, Akchalak, and Chandyr deposits, the company’s press service said.      Continue reading

President promises economic breakthrough for Uzbekistan

TASHKENT (TCA) — In 2016 the economy of Uzbekistan will receive an equivalent of US $17.3 billion of capital investment, 23.5 percent of which will be foreign investments, Uzbek President Islam Karimov said in his New Year address to the nation. Continue reading