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BISHKEK (TCA) — Continued soft commodity prices and the recession in Russia have further dampened the growth outlook for Central Asia, with the earlier 2016 forecast of 2.1% trimmed to 1.7%, and 2017 cut to 2.7% from 2.8%. The slump in revenues from hydrocarbon exports are affecting fiscal consolidation efforts in Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan, while lower remittances, particularly from Russia, continue to hurt domestic consumption in the Central Asia region, says a new Asian Development Bank (ADB) report. Continue reading
LONDON (TCA) — Has the failed coup attempt in Turkey been a warning sign that its controversial head of state should behave? Or has it been an attempt by hardliners dissatisfied that he was starting to show signs of behaviour? What it has demonstrated is that a nation suffering from severe personality splits remains unpredictable and its future course, either with or without Erdoğan, unclear. For Central Asia’s regimes, it means that they have to remain on the alert on all levels while keeping their heads cool. Continue reading
BISHKEK (TCA) — The Times of Central Asia presents to its readers Stratfor’s Global Intelligence, a weekly review of the most important events that happened in the world — from Europe to Middle East to Russia to Central Asia to Afghanistan to China and the Americas. Continue reading
BISHKEK (TCA) — The visit of Germany’s Federal Chancellor Angela Merkel to Bishkek this week, part of a tour in the region which also included Mongolia as the end destination to join a summit of Eurasian heads of government (including Russia’s Dmitry Medvedev and China’s Li Ke-qiang), has not gone unnoticed in Germany. In Kyrgyzstan, President Atambayev has seized the opportunity to boost his own profile. Substance and tangible results of the visit, however, look hard to distinguish. Continue reading
ISTANBUL (TCA) — An attempted military coup in Turkey appeared to be failing as Turkish President Recep Tayyip Erdogan returned to Instanbul early Saturday and told crowds of supporters he's "not going anywhere," RFE/RL reported. Continue reading
LONDON (TCA) — Recep Erdoğan’s “mea culpa” and his attempts to get Turkey back on the political scene have been met with mild tolerance – but with less enthusiasm than he might have hoped for. The maneuver could restore “business as usual” between the former USSR and Turkey, but the latter is now under close watch by virtually everybody and “rebuilding mutual trust” is no matter of words but of deeds, the ball remaining in Turkey’s camp. Continue reading
