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ASTANA (TCA) — Assets worth 588 billion tenge (around US $1.6 billion) had been legalized during the ongoing property legalization campaign in Kazakhstan as of end-January 2016, Novosti-Kazakhstan news agency reported citing Finance Minister Bakyt Sultanov. Continue reading
ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) is continuing to support the Green Economy drive in Kazakhstan by financing a new, cleaner and more energy-efficient gas-fired electricity generating plant in Atyrau, a harbour city on the Caspian Sea and a regional capital in western Kazakhstan. Continue reading
BISHKEK (TCA) — “Major geopolitical shifts and internal dynamics are setting the stage for possible increased great-power competition in Central Asia between Russia and China at a time when the region is becoming less hospitable to the projection of U.S. power and to the promotion of democracy. U.S. policy will need to adapt to these changes in order to bring Washington’s ambitions in Central Asia into better alignment with limited U.S. interests and means,” reads the paper entitled “U.S. POLICY TOWARD CENTRAL ASIA 3.0”, published by CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE on January 25. Continue reading
ASTANA (TCA) — Kazakhstan President Nursultan Nazarbayev has set the task to fully meet the country’s need for fuel with domestic oil products only by 2018, Novosti-Kazakhstan news agency reported. Continue reading
BISHKEK (TCA) — In its 2015 Corruption Perceptions Index (CPI) released on January 27, Transparency International ranked 168 countries based on perceived levels of public-sector corruption. The most corrupt countries in Central Asia, according to the index, were Afghanistan (ranked 166th), Turkmenistan (156th), and Uzbekistan (153rd). Continue reading
BISHKEK (TCA) — The World Bank has lowered its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. Low oil prices hit oil-producing countries in Central Asia, mainly Kazakhstan, and Russia. Continue reading
