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Economies in Central Asia countries credited with positive reforms, WB report says

ALMATY (TCA) — Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan implemented a total of 12 reforms across nine business regulatory areas during the past year. Kazakhstan carried out seven regulatory reforms – the most among the Central Asian countries – thereby creating a better environment for entrepreneurs. Uzbekistan undertook three such reforms, while Kyrgyzstan and Tajikistan implemented one each, the World Bank Group’s annual ease of doing business assessment says. Continue reading

New fiberglass plant launched in Uzbekistan’s Jizzakh special industrial zone

TASHKENT (TCA) — A new plant manufacturing heat-insulating fiberglass material has been commissioned in Uzbekistan’s Special Industrial Zone Jizzakh with Chinese investments, the Jahon information agency reports. Continue reading

Construction industry in Kyrgyzstan: corruption and unaffordable housing

BISHKEK (TCA) — It seems that Kyrgyzstan’s State Agency for Architecture and Construction (Construction Agency) is interested in corruption continued, a Government anti-corruption experts group says. Continue reading

Kazakhstan housing prices go up

ASTANA (TCA) — Prices of new and existing housing went up by 13.6 percent and 10.6 percent year on year respectively in Kazakhstan in June 2016. New housing cost KZT 252,700 per square metre and existing housing was worth KZT 191,400 per square metre (KZT 1=$343 on Aug. 17). The difference in prices on the primary and secondary property markets (25%) did not practically change over the past year (22-23% now), Ranking.kz reports. Continue reading

Construction woes in Kyrgyzstan

BISHKEK (TCA) — A draft law "On the reconstruction and development of the historical center of the Bishkek city” has been submitted for public discussion. According to the initiator of the bill, MP Omurbek Tekebayev, the new law is aimed at streamlining the construction of new modern buildings in Bishkek based on a single integrated architectural plan. Continue reading

EU and Slovak Republic funds boost residential energy efficiency in Kyrgyzstan

BISHKEK (TCA) — Many of the countries where the European Bank for Reconstruction and Development (EBRD) invests are known for their high energy consumption. Kyrgyzstan is no exception. It faces a legacy of inefficient energy use and many residential buildings are dilapidated, the EBRD press office reported.   Continue reading