LONDON (TCA) — It is almost two years now that Belarus, Kazakhstan, and Russia proceeded with the formation of the Russian-led Eurasian Economic Union (EEU), a step forward from their Customs Union. Armenia and Kyrgyzstan afterwards joined the Union, and as things stand today the EEU is consolidating and trying to transform the principles that hold it together from just good will into a well-regulated system.
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BISHKEK (TCA) — The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, is visiting three Caspian states next week.
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TASHKENT (TCA) — Investors from South Korea in 2016 and 2017 will acquire 15-percent stakes in two large joint-stock commercial banks in Uzbekistan — Uzpromstroibank and Asaka Bank, Novosti Uzbekistana news agency reported.
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ASTANA (TCA) — Kazakhstan and India plan to drastically increase bilateral trade turnover up to $5 billion during the next 2-3 years, Novosti-Kazakhstan news agency reported citing Yerzhan Shaikenov, co-chairman of the Kazakhstan-India Business Council.
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ASTANA (TCA) — Eight subsidiaries of Kazakhstan’s national wealth fund Samruk-Kazyna have signed agreements with the Atameken National Chamber of Entrepreneurs of Kazakhstan on cooperation aimed at supporting domestic producers, Atameken reported on May 19.
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BISHKEK (TCA) — Canada-based Centerra Gold Inc. and Kumtor Gold Company (KGC) have summed up their operating results in the first quarter of 2016 for the Kumtor gold mine in Kyrgyzstan. In the first three months of 2016, KGC produced 86,444 ounces or 2688.7 kg of gold and contributed more than 1.6 billion soms in taxes and mandatory payments to Kyrgyzstan’s state budget, Kumtor Gold Company said on May 19.
