• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Kyrgyzstan MPs blame Government for poor work on EEU integration

BISHKEK (TCA) — The Onuguu-Progress party faction in the Kyrgyz Parliament will seek the Government’s resignation due to its poor work on Kyrgyzstan’s integration into the Eurasian Economic Union (EEU), the faction leader Bakyt Torobaev said on February 16. Earlier this month, the Ata Meken opposition parliamentary faction suggested expressing a vote of no confidence in the Government.

Continue reading

Kazakhstan’s banks merger: a remedy or a pain killer?

ALMATY (TCA) — Recently a minor-scale bank in Kazakhstan named KazInvest ran aground. Now, another one, Delta Bank, is moving towards the brink of bankruptcy. Yet another “junior”, Temirbank, formerly owned by BTA and now controlled by Fortebank, recently defaulted on its coupon repayment schedule as well. In 2016, Temirbank posted a net income of 10.875 billion tenge which turned into a net loss of 4.41134 billion for the full year during the last quarter. During the last three months, equity capital dwindled from 54.5 billion to 39.2 billion tenge. Current asset par value stands close to 357 billion tenge, but it remains unclear what the percentage of exposed assets within that amount is.

Continue reading

Weekly Digest of Central Asia

BISHKEK (TCA) — The Publisher’s note: Central Asia is an important geopolitical area between Europe, Russia and China. It is in Central Asia that world powers have confronted each other for centuries; it is here that China needs to succeed with its new Silk Road Belt for direct access to the Western markets; and it is here that a large wealth of raw materials has its origin. Every week thousands of news appears all over the world in printed and online media and it is quite understandable that many of them may escape the attention of busy readers. At The Times of Central Asia, we strongly believe that more information can better contribute to peaceful development and better knowledge of the region, and for this reason we are presenting this Weekly Digest of Central Asia which compiles what other media have reported during the past week.

Continue reading

Uzbekistan among world’s top 20 countries for cold storage of horticulture products

TASHKENT (TCA) — The U.S. Agency for International Development (USAID)’s Agricultural Value Chains (AVC) program, in close cooperation with the Ministry of Agriculture and Water Resources of Uzbekistan, on February 16 convened a workshop on “Cold Storage in Horticulture: Current State and Perspectives in Uzbekistan.” U.S. Ambassador to Uzbekistan Pamela Spratlen provided opening remarks at the event, which brought together seventy cold store business representatives and over thirty representatives from government, the private sector, and international organizations to showcase the successful development of the Uzbekistan cold storage industry, the US Embassy in Tashkent said.

Continue reading