Uzbekistan to start producing potato chips
TASHKENT (TCA) — This year Uzbekistan will start production of potato chips. The project will be implemented at East West Invest enterprise in Tashkent, Novosti Uzbekistana reported. Continue reading
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Kyrgyzstan to privatize major mobile operator
BISHKEK (TCA) — The Kyrgyz Government plans to offer its shares of a major player in the country’s telecommunication market, Alpha Telecom CJSC (MegaCom brand), for sale through auction. The state owns 100% of the company’s shares. The company covers 98 percent of the country with mobile communication and has more than three million subscribers. Continue reading
EBRD and FT to hold Central Asia Investment Forum in Istanbul
BISHKEK (TCA) — On 18 February 2016, the FT-EBRD Central Asia Investment Forum: Forging relationships for growth will bring together leading investors, policymakers, economists and experts in Central Asia, including Mongolia, to discuss the future of the region and the prospects for investment, the EBRD press office said. Continue reading
EU’s enhanced preferences could help attract investors to Kyrgyzstan
BISHKEK (TCA) — That was said at the February 4 news conference by Kyrgyzstan Deputy Economy Minister Kylychbek Jakypov and Ambassador Cesare de Montis, head of the EU Delegation to the Kyrgyz Republic. Continue reading
Iran’s opening-up: southern comfort for Central Asia
LONDON (TCA) — Amidst the wildest speculations that predominantly Shiite Iran might emerge as a powerful buffer to keep Sunnite extremism at bay for Central Asia and take the shape of a regional power broker, realities speak a different language. For the moment, Iran needs everybody else’s help a lot more than anybody else needs Iran’s. But where politics face a long haul, trade might have a unique and immediate opportunity – especially where the landlocked Central Asian former Soviet republics are concerned. Continue reading
Korea’s LG Chem cancels $4.2 billion project in Kazakhstan
ASTANA (TCA) — LG Chem, South Korea’s largest chemical company, said it has decided to scrap a plan to jointly build a $4.2 billion petrochemical plant in Kazakhstan due to the continued slump in global oil prices, The Korea Times reported late in January. Continue reading
