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DUSHANBE (TCA) — Although it will take years to complete the project, the idea is to have two of the six turbines of the Rogun hydro power plant in Tajikistan start producing electricity for sale by 2018 to raise funding to complete it. The first turbine is to go into service in August 2018, followed by the second one in October of the same year, the online magazine “We Build Value” of Italian company Salini Impregilo reported on July 6. Continue reading
TASHKENT (TCA) — The Asian Development Bank (ADB) has approved a $100 million loan that will be extended to four financial institutions for on lending to small businesses—the backbone of Uzbekistan’s economy, the ADB Country Office said. Continue reading
KABUL (TCA) — Afghan President Ashraf Ghani has welcomed Washington’s decision to slow down U.S. military withdrawal from Afghanistan, RFE/RL reported. Continue reading
BISHKEK (TCA) — As of 31 May 2016 Kyrgyzstan’s state debt amounted to US $3.944 billion, including $3.698 billion of foreign debt and $246 million of internal debt, the country’s Finance Ministry said. Continue reading
TASHKENT (TCA) — Polaris Technologies (the Artel trademark) has announced the start of production of two Samsung refrigerator models in Uzbekistan, Novosti Uzbekistana news agency reported. Continue reading
ASTANA (TCA) — A meeting of Kazakhstani producers with Michael Roberts, the head of the consulting company Roberts Group, a representative of the US retail company Wal-Mart Stores Inc, operating under the trade mark Walmart, was held at the initiative of the Atameken National Chamber of Entrepreneurs of Kazakhstan. Mr. Roberts arrived in Kazakhstan to explore the possibilities of trade and economic cooperation with Kazakhstan, Atameken reported on its website. Continue reading
