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Domestic drugs account for 20% of Kazakhstan’s pharmaceutical market

ASTANA (TCA) — Domestically produced drugs account for 20 percent of the pharmaceutical market of Kazakhstan, the official website of the Prime Minister of Kazakhstan reported citing Deputy Chairman of LLP SK-Pharmacy Maxim Kasatkin. Continue reading

Stratfor’s Global Intelligence: Week of Jan. 4, 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

Government suggests legalizing gambling business in Kyrgyzstan

BISHKEK (TCA) — The Ministry of Economy of Kyrgyzstan has proposed to allow casinos and slot machines in the country. The initiative was opposed by the public and some MPs. Continue reading

Kyrgyzstan’s largest hydro power plant suffers serious problems

BISHKEK (TCA) — The Toktogul hydro power plant (HPP) located in the south of Kyrgyzstan recently suffered two accidents. To help find causes of the accidents and cope with their consequences, Russian energy specialists arrived in Kyrgyzstan. Continue reading

Kazkommertsbank buys shares of Turkey’s Sekerbank

ALMATY (TCA) — A Share Purchase Agreement was signed on December 30 between Kazakhstan’s Sovereign Wealth Fund Samruk-Kazyna (SK) and Joint Stock Company Kazkommertsbank (KKB) regarding the purchase of 224,353,416.49 shares in Şekerbank T.A.Ş. by KKB which represents 19.37 percent of the share capital of Şekerbank, the press service of KKB said. Continue reading

EBRD finances public transport in Khujand in Tajikistan

DUSHANBE (TCA) — The European Bank for Reconstruction and Development (EBRD) is financing the purchase of up to 100 new buses for the largest city in northern Tajikistan, Khujand, a regional capital with a population of 165,000. Continue reading