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ASTANA (TCA) — Kazakhstan has become the largest country in Europe and Central Asia in terms of attraction of investments from the World Bank which have now reached $6.8 billion, First Deputy Minister of National Economy of Kazakhstan Marat Kussainov said on April 13, the official website of the Prime Minister of Kazakhstan reported. Continue reading
ASTANA (TCA) — The current deficit of tenge liquidity and lack of credit resources in the national currency was the subject of the Kazakh parliament’s address to Prime Minister Karim Masimov and National Bank Chairman Daniyar Akishev, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on April 13. Continue reading
ALMATY (TCA) — A sharp strengthening of the Kazakh national currency, the tenge, which may occur due to growing supply of US dollars in the domestic currency market and low demand for dollars, would negatively affect Kazakhstan’s balance of payments and economy, the country’s National Bank said on April 11. Continue reading
BISHKEK (TCA) — Entrepreneurship is an important driver of economic growth in Kyrgyzstan. In 2015, the share of small and medium-sized enterprises (SMEs) in the country’s GDP was 40.5%. Continue reading
ASHGABAT (TCA) — Turkmenistan President Gurbanguly Berdymukhammedov has sacked the country’s economy and trade ministers as well as the chief of the tax service, RFE/RL reported. Continue reading
BISHKEK (TCA) — There is something about economic forecasts proclaimed by institutions such as the International Monetary Fund and the World Bank: in cases they are mildly positive, realities that follow them tend to be better, and in cases they are mildly negative, realities turn out to be worse. Forecasts and subsequent realities concerning Central Asia in this context appear not just unexceptional, but even exemplary. Continue reading
