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BISHKEK (TCA) — Defending the frontier with Afghanistan has become top priority for the three former Soviet republics bordering it in 2015. Whether that frontier could become a frontline or not depends on how much the other two are ready to contribute and how much stability they can maintain to do so. For Kyrgyzstan, the year 2015 is most likely to go into history as the year of the new revolution that never happened and the remarkable survival and strengthening of its parliamentary rule. It was, remarkably, much due to the personal input of President Atambayev, who is behind the party that has the largest faction in both the previous and the new parliament, that dark prophecies of “destabilisation” and “economic failure” failed to materialize, making Kyrgyzstan’s model go in the direction of the French than e.g. of the British one. Given the geopolitical and economic challenges in the region, this may well be a favourable option. Continue reading
ALMATY (TCA) — Kazakhstan's national currency, the tenge, has reached a new low against the US dollar. Continue reading
TASHKENT (TCA) — Starting from 1 January 2016, foreign managers of Uzbekistan’s joint stock companies have been exempted from the income tax for private individuals, Novosti Uzbekistana news portal reported. Continue reading
BISHKEK (TCA) — Economic growth could resume modestly in Central Asia if there is a stabilization of commodity prices, according to the World Bank’s January 2016 Global Economic Prospects. Continue reading
ASTANA (TCA) — Inflation in Kazakhstan reached 13.6 percent in 2015, the official website of the Prime Minister of Kazakhstan reported with reference to the Statistics Committee of the Ministry of National Economy of Kazakhstan. Continue reading
TASHKENT (TCA) — In 2016 the economy of Uzbekistan will receive an equivalent of US $17.3 billion of capital investment, 23.5 percent of which will be foreign investments, Uzbek President Islam Karimov said in his New Year address to the nation. Continue reading
