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ADB to provide $500 million for rural housing program in Uzbekistan

TASHKENT (TCA) — The Asian Development Bank (ADB) has approved a results-based loan of $500 million to support the construction of up to 29,000 new affordable housing units in nine regions across Uzbekistan as part of the State Affordable Rural Housing Program, ADB’s country office in Uzbekistan said on June 1. Continue reading

World Bank releases Afghanistan’s first Subnational Doing Business report

KABUL (TCA) — Entrepreneurs in Afghanistan can obtain a permit for setting up a business with relative ease, but they face considerable hurdles in other areas which are important for a firm to start up and operate, says the World Bank Group’s Subnational Doing Business in Afghanistan 2017 report, released this week. Continue reading

Kyrgyzstan to repair Prosecutor General’s Office building burned in April 2010

BISHKEK (TCA) — The Bishkek municipality has decided to repair the building of Kyrgyzstan’s Prosecutor General's Office that was burned down during the violent change of power in April 2010. The total area of the building located in downtown Bishkek, near the Central Square, is 4,650 square meters. It is planned to strengthen the carcass of the building, repair the roof, partitions, and the internal and facade parts. Continue reading

Kazakhstan’s economy enters growth phase in Q1 2017

ASTANA (TCA) — The Government of Kazakhstan on April 18 reviewed the country’s socio-economic development results for the 1st quarter of 2017, the official website of the Prime Minister of Kazakhstan reported. Continue reading

Uzbekistan creating new housing and construction bank

TASHKENT (TCA) — A new joint-stock commercial housing and construction savings bank, Poytakht Bank, is to be set up in Tashkent, the Jahon information agency reports. Continue reading

Polish companies explore investment opportunities in Kazakhstan’s Atyrau region

ASTANA (TCA) — Large construction companies of Poland are interested in investing in projects in Kazakhstan’s western Atyrau region, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on March 28. Continue reading