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LONDON (TCA) — Study material publicised over summer last year by the World Travel & Tourism Council on the development of Central Asia’s tourism sector shows disappointing figures in terms of the contribution from the sector to the region’s overall economic development. Opening up the area for larger numbers of tourists would make transportation and accommodation cheaper, and the destination, which has many interesting things to offer, more competitive. Continue reading
BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) invested a record amount in the Central Asian region in 2015. Last year’s total investment rose 75 per cent to €1.402 billion from €803 million, in 82 different transactions following 71 projects in 2014. This brings the total EBRD financing in Central Asia to just over €10 billion, the Bank said. Continue reading
BISHKEK (TCA) — China has become the 67th member of the European Bank for Reconstruction and Development. Following the completion of all the formalities, the announcement was made after a meeting between the EBRD President Sir Suma Chakrabarti and Chinese Premier Li Keqiang in Beijing on January 15, the EBRD press office said. Continue reading
ASTANA (TCA) — Investors in Kazakhstan no longer need to apply to the government agencies for obtaining approval documents. They can now get all the necessary public services for implementation of investment projects in “one-window” service sectors operating at public service centers (PSC), the press office of Kazakhstan’s Ministry for Investment and Development said. Continue reading
BISHKEK (TCA) — The European Bank for Reconstruction and Development’s (EBRD) President Sir Suma Chakrabarti is visiting Beijing on 15-16 January to finalize the details of China’s EBRD membership and to attend the inauguration ceremony of the Beijing-based Asian Infrastructure Investment Bank (AIIB), the EBRD press office said. Continue reading
ASTANA (TCA) — The plant to produce barite concentrates at the Bestobe deposit in Kazakhstan’s Karaganda province will reach its design capacity in 2018, the Ministry of Investment and Development of Kazakhstan said. Continue reading
