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BISHKEK (TCA) — The work of the Russian-Kyrgyz Development Fund (RKDF) has been criticized not only by MPs and businessmen but also by President of Kyrgyzstan Almazbek Atambayev. If the RKDF does not work in the coming months, it would be necessary to make staff decisions, Atambayev said at a recent news conference. Continue reading
ASTANA (TCA) — Carmeuse Group, the Belgian transnational corporation which is one of the world’s leading manufacturers of high-quality special building materials, plans to build a plant to produce more than 500 thousand tons of premium-quality technological lime per year in the Osakarov district of Kazakhstan’s Karaganda province, the Ministry of Investment and Development of Kazakhstan said on January 11. Continue reading
ASHGABAT (TCA) — Production in Turkmenistan grew 4.8 percent in 2015 as compared with the previous year, with high performance indicators observed in nearly all sectors of the country’s economy. This was said at the Turkmen Government meeting on January 8 that reviewed Turkmenistan’s economic results of 2015, the State News Agency of Turkmenistan reported. The meeting was chaired by President Gurbanguly Berdymukhammedov. Continue reading
ALMATY (TCA) — The year 2015 is bound to stay on people’s memories in Kazakhstan as the year everybody expected the curtain to fall – on people’s heads, that is. The current year, with the country’s national currency held by the fortunes of a ghost that keeps refusing to return into its bottle, unless cash flows are restored to durable levels. To allow this to happen, the government has resorted to what remarkably looks like Russia’s notorious stock-for-loans scheme worked out by the tandem Gaidar/Chubais in the mid-1990s. Will it work out this time? Continue reading
TASHKENT (TCA) — The gross domestic product (GDP) of Uzbekistan is expected to grow by 7.5 percent in 2016, according to the World Bank’s Global Economic Prospects published on January 6, the Jahon information agency reported. Continue reading
BISHKEK (TCA) — The Asian Development Bank’s (ADB) operations—comprising approvals of loans and grants, technical assistance, and co-financing—reached an all-time high of $27.15 billion in 2015, an increase of about 19% over the $22.89 billion in 2014, the ADB said. Continue reading
