LONDON (TCA) — The dream of operating a railways system from China to Europe via Kyrgyzstan and Uzbekistan seems to have taken a detour since the present situation shows that with the exception of Kazakhstan, the other Central-Asian post-Soviet republics find themselves on the losing end of China’s rail expansion scheme – due to various “realities”.
BISHKEK (TCA) — Foreign direct investments amounted to $818.8 million in 2015 in Kyrgyzstan, 12.6% more than in 2014, Prime Minister of Kyrgyzstan Temir Sariyev said on March 31. Of this amount, $120 million was received due to tenders for development of two major gold fields, Jerooy and Terekkan-Perevalnoye.
ALMATY (TCA) — Today in Central Asia several banks bearing fancy names and based in fancy offices have multiplied in places like minor-size former Soviet republics with no economic achievement to speak of — all over among local banks from Dushanbe to Baku in the former USSR’s “soft belly” stretching from the Pamir to the Caucasus. In this regard, only Kyrgyzstan and Uzbekistan have kept aloof from cash trouble up till now.
BISHKEK (TCA) — The agreement to provide a US $100 million investment credit from the Eurasian Fund for Stabilization and Development (EFSD) for the rehabilitation of the Toktogul hydro power plant (Phase 2) has taken effect late in March. In the near future, the Kyrgyz Ministry of Economy will begin to prepare tender documents to arrange procurement for the project. Procurement will be effected using international bidding procedures, the press office of the Eurasian Development Bank (EDB) said.
ASTANA (TCA) — A joint communique was signed on March 31 in Astana at the meeting of the Consultative Council of the Kazakh-Hungarian Investment Fund of direct investments, the official website of the Prime Minister of Kazakhstan reported.
ASTANA (TCA) — The Asian Development Bank (ADB) and Kazakhstan’s Tsesnabank on March 31 signed an agreement under which the Trade Finance Program (TFP) will provide guarantees in support of Tsesnabank’s trade finance operations, the ADB Country Office in Kazakhstan said.
