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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) — The year 2016 will not be less difficult than last year as external risks continue to persist, Kyrgyzstan’s Economy Minister Arzybek Kojoshev told a news conference on the country’s results in 2015 and tasks for 2016, the press service of the Economy Ministry said. Continue reading
TASHKENT (TCA) — Vietnam’s Petrovietnam Exploration & Production (PVEP) has suspended geological prospecting for oil and gas in Uzbekistan, Novosti Uzbekistana news agency reported. Continue reading
BISHKEK (TCA) — On January 22, President of Kyrgyzstan Almazbek Atambayev signed laws on denunciation of agreements between the governments of Kyrgyzstan and Russia on construction and operation of Kambarata-1 hydropower plant (HPP) and the Upper Naryn HPPs cascade. The agreements were signed on September 20, 2012 in Bishkek during the visit of Russian President Vladimir Putin to Kyrgyzstan. Continue reading
ASTANA (TCA) — Kazakhstan plans to produce 77 million tons of oil in 2016 compared to 79.460 million tons last year, Novosti-Kazakhstan news agency reported with reference to the country’s Energy Minister Vladimir Shkolnik. Continue reading
ASHGABAT (TCA) — Production in Turkmenistan grew 4.8 percent in 2015 as compared with the previous year, with high performance indicators observed in nearly all sectors of the country’s economy. This was said at the Turkmen Government meeting on January 8 that reviewed Turkmenistan’s economic results of 2015, the State News Agency of Turkmenistan reported. The meeting was chaired by President Gurbanguly Berdymukhammedov. Continue reading
