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LONDON (TCA) — China, and to lesser extents Russia, have been unloading coffers full of billions to spread their wings over Central Asia. The par value of the assets which have been taken by the generous-looking fund providers has changed dramatically and regretfully for the worse. That there can be no investments without returns is something the Chinese have known from the start, the Russians are realising that right now, and Central Asian states would realise that soon. Continue reading
BISHKEK (TCA) — A container train linking China and Iran departed from Yiwu City in east China's Zhejiang Province loaded with Chinese small commodities on January 28, Xinhua reported. Continue reading
BISHKEK (TCA) — A representative of China has addressed the European Bank for Reconstruction and Development (EBRD) Board of Directors as a shareholder for the first time, less than two weeks after the country formally became the EBRD’s 67th member, the EBRD press office reported on January 28. Continue reading
BISHKEK (TCA) — In its 2015 Corruption Perceptions Index (CPI) released on January 27, Transparency International ranked 168 countries based on perceived levels of public-sector corruption. The most corrupt countries in Central Asia, according to the index, were Afghanistan (ranked 166th), Turkmenistan (156th), and Uzbekistan (153rd). Continue reading
BISHKEK (TCA) — The World Bank has lowered its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. Low oil prices hit oil-producing countries in Central Asia, mainly Kazakhstan, and Russia. Continue reading
TEHRAN (TCA) — Iran’s mining sector now attracts more foreign investors, with companies from China and Europe lining up to take part in one of the least developed industries in the resource-rich country as Iranian President Hassan Rouhani is visiting Italy and France between January 25 and 27, Iran’s PressTV news agency reported. Continue reading
