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BISHKEK (TCA) — The economy of Kyrgyzstan has fallen by 10.7% in January compared to 2015. The Government explained the decline in GDP by reduced gold production at the Kumtor gold mine due to mining in an ore area with low gold content. Continue reading
BISHKEK (TCA) — The Chairperson of the Russian-Kyrgyz Development Fund (RKDF) Nursulu Akhmetova this week told the media about the results, new directions and prospects of the Fund activities. Continue reading
ASTANA (TCA) — France’s Alstom and the Kazakh national railway company Kazakhstan Temir Zholy (KTZ) have closed the deal of Alstom’s acquisition of an additional 25% in the EKZ joint venture (JV), created in 2010 by Alstom, KTZ and Transmashholding (TMH) to produce electric locomotives in Kazakhstan, Alstom said on February 11. Continue reading
TEHRAN (TCA) — Iran has said it needs $200 billion in investments to revamp its oil industry, the country’s PressTV news agency reported. Continue reading
BISHKEK (TCA) — Official statistics and overall public opinion tell that foreign direct investment in Kyrgyzstan is declining and there is no investment at all in small and medium enterprises (SME). Kyrgyzstan has to react and the Government should understand that due to different factors such as international crisis, currency problems, cashless Russia, and Eurasian Economic Union membership, the country needs a new industrial approach with income from the China trade being replaced with local production and processing. Continue reading
ASTANA (TCA) — The first meeting of the Kazakhstan-Iran Business Council was held as part of the Kazakhstan-Iran business forum in Tehran on February 7 and 8. Continue reading
