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BISHKEK (TCA) — Yesterday, January 11, the exchange rate of the Kyrgyz currency, the som, weakened against the US dollar, to 76.3 soms per $1, against the background of the weakening Kazakh tenge and Russian rouble. 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
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
BISHKEK (TCA) — Here below is an analysis by Stratfor’s analyst Eugene Chausovsky that explores the past, present and future of the confrontation between Russia and the West on the Eurasian landmass. This article is focused on Central Asia. Continue reading
ALMATY (TCA) — Kazakhstan's national currency, the tenge, has reached a new low against the US dollar. Continue reading
ASTANA (TCA) — The government of Kazakhstan has approved a list of state companies to be offered for privatization, Novosti-Kazakhstan news agency reported with reference to the country’s Ministry of National Economy. Continue reading
