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Russian-Kyrgyz Development Fund fails to live up to expectations

BISHKEK (TCA) — The work of the Russian-Kyrgyz Development Fund (RKDF) has been criticized not only by MPs and businessmen but also by President of Kyrgyzstan Almazbek Atambayev. If the RKDF does not work in the coming months, it would be necessary to make staff decisions, Atambayev said at a recent news conference. Continue reading

Turkmen government reports economic growth in 2015

ASHGABAT (TCA) — Production in Turkmenistan grew 4.8 percent in 2015 as compared with the previous year, with high performance indicators observed in nearly all sectors of the country’s economy. This was said at the Turkmen Government meeting on January 8 that reviewed Turkmenistan’s economic results of 2015, the State News Agency of Turkmenistan reported. The meeting was chaired by President Gurbanguly Berdymukhammedov.   Continue reading

Kyrgyzstan in 2015 and into 2016: hopes and headaches*

BISHKEK (TCA) — Defending the frontier with Afghanistan has become top priority for the three former Soviet republics bordering it in 2015. Whether that frontier could become a frontline or not depends on how much the other two are ready to contribute and how much stability they can maintain to do so. For Kyrgyzstan, the year 2015 is most likely to go into history as the year of the new revolution that never happened and the remarkable survival and strengthening of its parliamentary rule. It was, remarkably, much due to the personal input of President Atambayev, who is behind the party that has the largest faction in both the previous and the new parliament, that dark prophecies of “destabilisation” and “economic failure” failed to materialize, making Kyrgyzstan’s model go in the direction of the French than e.g. of the British one. Given the geopolitical and economic challenges in the region, this may well be a favourable option. Continue reading

Kazakhstan approves list of state companies offered for privatization

ASTANA (TCA) — The government of Kazakhstan has approved a list of state companies to be offered for privatization, Novosti-Kazakhstan news agency reported with reference to the country’s Ministry of National Economy. Continue reading

Tajikistan president visits Saudi Arabia

DUSHANBE (TCA) — Tajikistan President Emomali Rakhmon met with the King of Saudi Arabia Salman bin Abdulaziz Al Saud in Riyadh City on January 3. Continue reading