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US promotes sales of Kyrgyz decorative stone in international markets

BISHKEK (TCA) — Three leading stone processing companies from the Kyrgyz Republic attended one of the largest industry events dedicated to stone, marble and ceramics - Middle East Stone 2016 in Dubai, United Arab Emirates, USAID said on June 15. More than 230 companies showcased their products and 12,000 visitors attended for live demonstrations and networking opportunities. The United States through USAID sponsored the participation of the three Kyrgyz companies to promote exports of Kyrgyz construction materials. Continue reading

ICSID dismisses Turkish company’s claim against Turkmenistan

ASHGABAT (TCA) — The International Centre for Settlement of Investment Disputes (ICSID) has dismissed the claim of private Turkish company Içkale Inşaat Limited against Turkmenistan for the amount of USD 537 million and EUR 26.7 million. Continue reading

Kyrgyzstan consumes more electricity, builds no new generating facilities

BISHKEK (TCA) — If the country lacks generation capacity it is necessary to increase electricity import, Kyrgyzstan Prime Minister Temir Sariyev said on February 26 at the Government meeting to consider an anti-crisis program developed by the Economy Ministry and measures to support business in the current difficult economic conditions. Continue reading

Foreign investment in Kazakhstan’s economy on the decline

ASTANA (TCA) — Kazakhstan should keep the inflow of foreign investments in the manufacturing sector as investments are declining in other sectors of the country’s economy, Yerlan Khairov, the chairman of the Investment Committee of the Kazakh Ministry of Investment and Development, said at a media briefing on February 16, the official website of the Prime Minister of Kazakhstan reported. Continue reading

Russian-Kyrgyz Development Fund expanding activities

BISHKEK (TCA) — The Chairperson of the Russian-Kyrgyz Development Fund (RKDF) Nursulu Akhmetova this week told the media about the results, new directions and prospects of the Fund activities. Continue reading

State Mortgage Company starts operating in Kyrgyzstan

BISHKEK (TCA) — The Government of Kyrgyzstan has developed an affordable housing program until 2020 for public-sector employees. Continue reading