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BISHKEK (TCA) — The economies of Europe and Central Asia (ECA) continue to face difficult headwinds in an increasingly complex and uncertain global economic environment, with short-term prospects differing substantially across countries, according to a new World Bank report. Continue reading
DUSHANBE (TCA) — The World Bank Board of Executive Directors has approved the financing of US$10 million from the International Development Association for the Tajikistan Real Estate Registration Project, which will support the implementation of a unified registration system for immovable property, which should contribute toward the development of property market in Tajikistan, the World Bank said. Continue reading
ALMATY (TCA) — Today in Central Asia several banks bearing fancy names and based in fancy offices have multiplied in places like minor-size former Soviet republics with no economic achievement to speak of — all over among local banks from Dushanbe to Baku in the former USSR’s “soft belly” stretching from the Pamir to the Caucasus. In this regard, only Kyrgyzstan and Uzbekistan have kept aloof from cash trouble up till now. Continue reading
BISHKEK (TCA) — The agreement to provide a US $100 million investment credit from the Eurasian Fund for Stabilization and Development (EFSD) for the rehabilitation of the Toktogul hydro power plant (Phase 2) has taken effect late in March. In the near future, the Kyrgyz Ministry of Economy will begin to prepare tender documents to arrange procurement for the project. Procurement will be effected using international bidding procedures, the press office of the Eurasian Development Bank (EDB) said. Continue reading
ASTANA (TCA) — A joint communique was signed on March 31 in Astana at the meeting of the Consultative Council of the Kazakh-Hungarian Investment Fund of direct investments, the official website of the Prime Minister of Kazakhstan reported. Continue reading
ASTANA (TCA) — The Asian Development Bank (ADB) and Kazakhstan’s Tsesnabank on March 31 signed an agreement under which the Trade Finance Program (TFP) will provide guarantees in support of Tsesnabank’s trade finance operations, the ADB Country Office in Kazakhstan said. Continue reading
