ALMATY (TCA) — State officials in oil crisis-hit Kazakhstan have discovered a $20 billion hole on the balance sheet of the National Wealth Fund. Should the state funds be spent this way on, the state coffers will be empty before the end of this decade. A political crisis is looming. In a move to avoid it, the Parliament has applied for snap elections to be held as early as March this year.
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BISHKEK (TCA) — On January 22, President of Kyrgyzstan Almazbek Atambayev signed laws on denunciation of agreements between the governments of Kyrgyzstan and Russia on construction and operation of Kambarata-1 hydropower plant (HPP) and the Upper Naryn HPPs cascade. The agreements were signed on September 20, 2012 in Bishkek during the visit of Russian President Vladimir Putin to Kyrgyzstan.
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DUSHANBE (TCA) — Today, January 22, the lower chamber of Tajikistan’s parliament passed amendments to the country’s Constitution according to which incumbent President Emomali Rakhmon, as the Leader of the Nation, may be elected President of Tajikistan an unlimited number of times, Avesta news agency reported.
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BISHKEK (TCA) — Chinese investors show the strongest dynamics of foreign direct investment (FDI) in the Eurasian Economic Union (EEU) countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia). Between 2008 and 2014, China’s FDI stock in the region more than doubled, from $11 billion to $27.1 billion. Over the same period, Japanese FDI reached $14.4 billion and South Korean FDI reached $1.9 billion, according to the report “EEU and Eurasia: Monitoring and Analysis of Direct Investments”, prepared by Eurasian Development Bank’s (EDB) Centre for Integration Studies.
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DUSHANBE (TCA) — Despite the negative impact of external factors on Tajikistan’s economy, the country’s GDP grew six percent in 2015, Tajik Prime Minister Qohir Rasulzoda said on January 21 at the expanded meeting of the Government of Tajikistan that reviewed the results of the country’s social and economic development in 2015 and the main objectives for 2016, the Tajik presidential press service reported.
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DUSHANBE (TCA) — Sean O’Sullivan, Director General of the Asian Development Bank (ADB)’s Central and West Asia Department, on January 19 concluded a two-day visit to Tajikistan, during which he met with Prime Minister Kokhir Rasulzoda and other senior government officials to discuss the country’s development priorities and current economic situation, ADB’s assistance program, and reaffirm ADB’s continued support for national development, the ADB Country Office in Tajikistan said.
