ASTANA (TCA) — France’s Alstom and the Kazakh national railway company Kazakhstan Temir Zholy (KTZ) have closed the deal of Alstom’s acquisition of an additional 25% in the EKZ joint venture (JV), created in 2010 by Alstom, KTZ and Transmashholding (TMH) to produce electric locomotives in Kazakhstan, Alstom said on February 11.
DUSHANBE (TCA) — The demand for real estate, especially for housing, and motor vehicles has been declining in Tajikistan, Avesta news agency reported.
ASHGABAT (TCA) — The first regular container train running from China through Kazakhstan and Turkmenistan to Iran on February 10 entered Iran through Turkmenistan’s Serahs rail station, the State Information Agency of Turkmenistan reported.
TEHRAN (TCA) — Iran has said it needs $200 billion in investments to revamp its oil industry, the country’s PressTV news agency reported.
DUSHANBE (TCA) — An International Monetary Fund (IMF) staff mission, led by Mr. Paul Ross, visited Tajikistan from February 1 to 10 to discuss the country’s macroeconomic policies and the structural reform agenda.
BISHKEK (TCA) — Official statistics and overall public opinion tell that foreign direct investment in Kyrgyzstan is declining and there is no investment at all in small and medium enterprises (SME). Kyrgyzstan has to react and the Government should understand that due to different factors such as international crisis, currency problems, cashless Russia, and Eurasian Economic Union membership, the country needs a new industrial approach with income from the China trade being replaced with local production and processing.
