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KABUL (TCA) — A survey by the Afghanistan Chamber of Commerce and Industry (ACCI) shows that problems facing Afghan businesses continue and optimism for investments in the country has declined, TOLOnews agency reports.
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TASHKENT (TCA) — President of Uzbekistan Shavkat Mirziyoyev on August 8 in Tashkent received the President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun, who was on a working visit to Uzbekistan.
TASHKENT (TCA) — Under the new president, Uzbekistan has embarked upon perhaps the most important economic reform, aimed at making the national currency freely convertible. The plan, if implemented, would help the country attract more foreign investment, as investors would have the possibility to freely exchange their profit in Uzbekistan for hard currency and take it out of the country. We are republishing this article by Gregory Gleason on the issue, originally published by EurasiaNet.org:
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TASHKENT (TCA) — Investments in fixed assets in Uzbekistan totaled 26.6 trillion soums (US $7.5 billion) in January-June 2017, an 8.3-percent increase on-year, the Jahon information agency reported.
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BISHKEK (TCA) — Eurasian Development Bank (EDB) and Kyrgyzstan’s Aiyl Bank have signed a Loan Agreement to finance small and medium businesses in the Kyrgyz Republic, EDB said on August 8.
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ASHGABAT (TCA) — Azerbaijan is Turkmenistan’s main neighbor in the Caspian Sea region, Turkmen President Gurbanguly Berdymukhammedov said during his official visit to Baku on August 8, the State News Agency of Turkmenistan reports.
During his talks with Azeri President Ilham Aliyev, Berdymukhammedov spoke about transport initiatives in the Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey and Turkmenistan-Azerbaijan-Turkey formats. Turkmenistan also welcomes the project of Baku-Tbilisi-Kars transport corridor that will connect the railway networks of Azerbaijan, Georgia and Turkey. This project that will promote the development of trade in the region is now close to completion.
Berdymukhammedov noted that in January-June 2017, trade between Turkmenistan and Azerbaijan had increased up to 40 percent as compared to the same period of 2016, saying that the existing mutual opportunities had not been used in full and the current level of the trade partnership does not reflect the real potential of the two countries.
Berdymukhammedov emphasized that Turkmenistan and Azerbaijan need to launch large-scale projects of industrial cooperation, interaction in the services and agricultural sectors.
The President of Turkmenistan also suggested intensifying the partnership between the business circles of Turkmenistan and Azerbaijan, by opening of Trade Houses in Baku and Ashgabat and establishing a Turkmenistan-Azerbaijan Business Council.
