BISHKEK (TCA) — Kumtor Gold Company, which is developing Kyrgyzstan’s Kumtor gold mine, presented results for the first quarter of 2016 at a press conference on May 27 in Bishkek.
LONDON (TCA) — The Shanghai Cooperation Organization, also known as the Shanghai Six, is becoming Shanghai Eight with the now formalized entry of India and Pakistan. For Central Asia’s former Soviet republics, it means that their troublesome neighbor Afghanistan is now sealed from the south, and the two new SCO member states will have less excuses to stand by should the Afghan civil war spill over towards the north.
ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) believes that the Astana International Financial Centre (AIFC) will serve as an anchor for reform and the development of the domestic financial sector, EBRD President Sir Suma Chakrabarti said in a speech at Kazakhstan Foreign Investors’ Council in Astana on May 27, which he co-chaired with Kazakhstan President Nursultan Nazarbayev.
BISHKEK (TCA) — Recently an Italian delegation was in Kazakhstan to find ways and means to cooperate with Kazakh companies to produce in Kazakhstan with Italy as the main partner for the export to Russia. A similar trend is in process in Kyrgyzstan, while European and Turkish companies are already very active in developing new joint ventures with manufacturing and processing plants in Russia, Belarus and other countries. The objective is everywhere the same — a continuation of business relations and trade with the important market of Russia. European exporters are fully aware of the damage they have been suffering in the last 18 months following the European sanctions and Russian counter sanctions, and they are trying to keep the business relations built during many years of cooperation with the Russian market.
ASTANA (TCA) — At a press conference during the Astana Economic Forum on May 26, UN Assistant Secretary-General, UN Development Programme (UNDP) Assistant Administrator and Director of the Regional Bureau for Europe and CIS (RBEC) Cihan Sultanoglu praised Kazakhstan’s determination to green its economy and purposeful work which the country carries out in this area, the UNDP in Kazakhstan reported.
ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) is signing projects worth over €350 million in Kazakhstan this week with investments that improve the quality of public services for the population, raise food quality standards and help combat climate change, the EBRD Press Office said.
