• KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 9

The Belt and Road through Eurasia: who wins and how?

BISHKEK (TCA) — The countries of Central Asia, especially Kazakhstan, may significantly benefit from China’s Belt and Road initiative aimed to create transport and transit routes from Asia to Europe. But such benefits may turn out to be not as big as expected. We are republishing this article by Nathan Hutson on the issue, originally published by EurasiaNet.org: Continue reading

Kazakhstan hosts OECD Eurasia Week 2017

ALMATY (TCA) — On October 24, Prime Minister of Kazakhstan Bakytzhan Sagintayev took part in the opening ceremony of the Organization for Economic Cooperation and Development (OECD) Eurasian Week 2017 forum in Almaty and addressed the participants with a welcoming speech, the official website of the Prime Minister of Kazakhstan reported. Continue reading

Kazakhstan participates in Eurasian Economic Forum in Verona, Italy

ASTANA (TCA) — Kazakh Invest, the national agency for attracting investments in Kazakhstan, is taking part, for the first time, in the X Eurasian Economic Forum in Verona (Italy) on October 19-20. The organizers of this annual business event are the Conoscere Eurasia Association, the Roscongress Foundation, and the St. Petersburg International Economic Forum. The main theme for discussion this year is ‘Greater Eurasia as a driving force in the current international geopolitical and economic context’. The event’s agenda focuses on key problems concerning economic development in Greater Eurasia, including such themes as EU–EEU cooperation, the development of the energy, financial, transport, and infrastructure sectors, inter-regional cooperation, and information and digital technologies. Acting Chairman of the Board of Kazakh Invest Birzhan Kaneshev spoke about the prospects of investing in the economy of Kazakhstan, as well as the work of the national company to attract foreign investment and support investors, the official website of the Prime Minister of Kazakhstan reported. "Kazakhstan is the link between the largest markets of Eurasia. Kazakhstan's membership in the EEU (Eurasian Economic Union) provides additional opportunities for investors to enter the market with more than 180 million consumers," Kaneshev said. Kaneshev highlighted the possibilities of ten Special Economic Zones (SEZ) of Kazakhstan, which have already become a center for attracting international investment in the country. SEZs provide unique privileges for investors, such as central and regional support, special tax and customs regimes, ready infrastructure and simplified rules for hiring foreign employees. The Forum is attended by Mayor of Verona Federico Sboarina, President of the Foundation for Worldwide Cooperation Romano Prodi (Prime Minister of Italy 1996–1998, 2006–2008; President of the European Commission 1999–2004); Chairman of the Board of Directors at Rosneft Gerhard Schröder (German Federal Chancellor 1998-2005); State Secretary of the Union State of Russia and Belarus Grigory Rapota; Glencore International CEO Ivan Glasenberg (Switzerland); Chairman of the Board at Eni, President of BusinessEurope, and Chairman and CEO of Marcegaglia Holding Emma Marcegaglia; Pirelli Executive Vice Chairman and CEO Marco Tronchetti Provera; Banca IMI President Gaetano Miccichè; Leonardo CEO Alessandro Profumo; and Swan Insights Managing Director and Executive Director of the Big Data Analytics Lab at Bisnode Marcus Hartman, among others. “The Verona Forum is ten years old. It began as a purely Russian–Italian event, which addressed such issues as the development of bilateral trade and economic relations. A decade later, the Forum has turned into a major European platform, where big business discusses key issues related to economic cooperation in Greater Eurasia, from Lisbon to Vladivostok. I would venture to say that there is simply no other event like it in the Old World,” Conoscere Eurasia Association President Antonio Fallico said.

Kazakhstan a key hub along Eurasian transport corridor — deputy FM

ASTANA (TCA) — Thanks to projects like the New Silk Road and the Eurasian Economic Union, major transit routes between Europe and China now run through Kazakhstan, Kazakh Deputy Foreign Minister Roman Vassilenko said at the EU-Eurasia-China Business Summit that opened in Athens, Greece on October 9. He said that Kazakhstan is the largest country on the planet that has no access to the open sea. But rather than accept this as a disadvantage, Kazakhstan has decided to use its location in the heart of Eurasia to unlock trade routes for the benefit of the country and the world, the Kazakh foreign ministry reported on its website. “Our aim is to enhance our own transport and transit capabilities, stimulate the growth of trade flows across the country and ensure our competitiveness in the global services market. This will in turn make it easier and quicker to trade between east and west, to create employment and opportunity along the route and spread regional and global prosperity,” Vassilenko said, adding that this is why Kazakhstan has been actively implementing its Nurly Zhol program, which is aimed at modernizing the country’s transport infrastructure. Nurly Zhol is designed to turn Kazakhstan into a key Eurasian transport and logistics hub, connecting the North, South, West and East. Another major project that shares similar goals and ambitions to the Nurly Zhol program is China's Belt and Road initiative, Vassilenko said, as both projects are aimed at facilitating trade, eliminating barriers, ensuring transit and developing a reliable transport and logistics infrastructure. He said that over 2,500 kilometres of new railways and 4,000 kilometres of new roads, including the Western China – Western Europe highway, which will be completed this year, have been or are being built across Kazakhstan. This has been coupled with the new logistics infrastructure needed for a massive increase in freight. Container traffic across Kazakhstan from China westwards and from Europe eastwards has increased by 100 times in five years, to 2016. Around 25 massive freight trains every week now pass through Kazakhstan from China to Europe. Rail container traffic from China to Europe and backwards across Kazakhstan has already doubled between 2015 and 2016 but is expected to increase almost eight fold again by 2020. Kazakhstan already accounts for 70 percent of transit traffic passing from China to Europe and vice versa, Vassilenko said. An important element of the Eurasian transcontinental corridor is the Kazakh-Chinese terminal in the Chinese seaport of Lianyungang. The port is the main point of consolidation of cargo flows to and from Kazakhstan and the key transit port for shipment of goods to and from East and South-East Asia. In addition, special economic zone Khorgos in the east of Kazakhstan on the border with China and Aktau seaport in the west on the Caspian Sea are important logistic gates for the new Silk Road. From Aktau, raw materials and goods flow not just to Europe but also Russia in the north and Iran to the south. The Kazakh Deputy...

One Belt, One Road: A plan for Chinese dominance and authoritarianism

BISHKEK (TCA) — Beijing is being criticized for the lack of transparency when it comes to One Belt, One Road plan, designed to establish China’s dominance in Eurasia — from Pakistan to Central Asia and beyond. We are publishing this article by James M. Dorsey* on the issue: Continue reading

2017 annual forecast: Eurasia

BISHKEK (TCA) — We are presenting to our readers Stratfor’s forecast for this year for the vast continent of Eurasia, with a particular focus on Russia and Central Asia: Continue reading

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