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Turkic Council countries set to introduce common customs procedures

BAKU (TCA) — Member countries of the Cooperation Council of Turkic Speaking States (Turkic Council) — Azerbaijan, Kazakhstan, Kyrgyzstan, and Turkey — are currently preparing for signing a protocol on the application of common customs procedures and standards. Continue reading

EBRD president to visit Turkmenistan, Azerbaijan, Kazakhstan to discuss investment

BISHKEK (TCA) — The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, is visiting three Caspian states next week. Continue reading

Central Asia’s ‘Karabakhs’ may be even more dangerous than the original

BISHKEK (TCA) — As Kyrgyzstan and Uzbekistan have been involved in tensions concerning disputed border areas in the Ferghana Valley, a densely populated region shared by Kyrgyzstan, Tajikistan and Uzbekistan, we are republishing an article by Paul Goble, entitled “Central Asia’s ‘Karabakhs’ may be even more dangerous than the original”, originally published by the Jamestown Foundation’s Eurasia Daily Monitor, which draws a parallel between the Caucasus and Central Asia. The article is below:      Continue reading

Central Asia banks: some bankrupt, others near collapse

ALMATY (TCA) — Today in Central Asia several banks bearing fancy names and based in fancy offices have multiplied in places like minor-size former Soviet republics with no economic achievement to speak of — all over among local banks from Dushanbe to Baku in the former USSR’s “soft belly” stretching from the Pamir to the Caucasus. In this regard, only Kyrgyzstan and Uzbekistan have kept aloof from cash trouble up till now. Continue reading

Kazakhstan to produce locomotives for Azerbaijan, looks to Iran

ASTANA (TCA) — Kazakhstan’s plant to assemble electric locomotives, EKZ, located in Astana, has signed a contract on assembly and delivery of 50 freight locomotives to Azerbaijan Railways, Director General of Alstom Henri Poupart-Lafarge said in Astana on February 26, the official website of the Prime Minister of Kazakhstan reported. Continue reading

Iran’s opening-up: southern comfort for Central Asia

LONDON (TCA) — Amidst the wildest speculations that predominantly Shiite Iran might emerge as a powerful buffer to keep Sunnite extremism at bay for Central Asia and take the shape of a regional power broker, realities speak a different language. For the moment, Iran needs everybody else’s help a lot more than anybody else needs Iran’s. But where politics face a long haul, trade might have a unique and immediate opportunity – especially where the landlocked Central Asian former Soviet republics are concerned. Continue reading