Kazakh president voices global initiatives at Astana Economic Forum
ASTANA (TCA) — On May 25 and 26, Kazakhstan’s capital Astana hosted the annual economic and political event, Astana Economic Forum. Continue reading
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EBRD president visits Turkmenistan
ASHGABAT (TCA) — The European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti visited Turkmenistan on 23 May, as part of a trip to three Caspian states – Turkmenistan, Azerbaijan and Kazakhstan. Continue reading
IMF managing director visits Kazakhstan
ASTANA (TCA) — Kazakhstan faces new challenges due to the decline in commodity prices and the slowdown of key regional economies. The Kazakh authorities have taken steps to address these challenges, notably floating the tenge, which will help the economy adjust. Going forward, it will be important to modernize policy frameworks, create more efficient and transparent institutions, and deepen Kazakhstan’s into regional and global markets, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), said in her statement on May 24 at the conclusion of her visit to Kazakhstan. Continue reading
EEU two years later: expansion and unbalance. The case of Kyrgyzstan
LONDON (TCA) — It is almost two years now that Belarus, Kazakhstan, and Russia proceeded with the formation of the Russian-led Eurasian Economic Union (EEU), a step forward from their Customs Union. Armenia and Kyrgyzstan afterwards joined the Union, and as things stand today the EEU is consolidating and trying to transform the principles that hold it together from just good will into a well-regulated system. Continue reading
EBRD president to visit Turkmenistan, Azerbaijan, Kazakhstan to discuss investment
BISHKEK (TCA) — The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, is visiting three Caspian states next week. Continue reading
South Korean investors to buy stakes in three Uzbek banks
TASHKENT (TCA) — Investors from South Korea in 2016 and 2017 will acquire 15-percent stakes in two large joint-stock commercial banks in Uzbekistan — Uzpromstroibank and Asaka Bank, Novosti Uzbekistana news agency reported. Continue reading
