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ALMATY (TCA) — State officials in oil crisis-hit Kazakhstan have discovered a $20 billion hole on the balance sheet of the National Wealth Fund. Should the state funds be spent this way on, the state coffers will be empty before the end of this decade. A political crisis is looming. In a move to avoid it, the Parliament has applied for snap elections to be held as early as March this year. Continue reading
TASHKENT (TCA) — South Korea company Young Shin Tech plans to organize production of gas cylinders for motor vehicles in Uzbekistan, Novosti Uzbekistana news agency reported. Continue reading
ASTANA (TCA) — Kazakhstan plans to produce 77 million tons of oil in 2016 compared to 79.460 million tons last year, Novosti-Kazakhstan news agency reported with reference to the country’s Energy Minister Vladimir Shkolnik. Continue reading
BISHKEK (TCA) — The Times of Central Asia presents to its readers Stratfor’s Global Intelligence, a weekly review of the most important events that happened in the world — from Europe to Middle East to Russia to Central Asia to Afghanistan to China and the Americas. Continue reading
ALMATY (TCA) — The National Bank of Kazakhstan said that the country’s international reserves, including gold and foreign currency reserves of the National Bank and assets of the National (Oil) Fund, in 2015 decreased by 10.6 percent, from US $102.452 billion down to $91.581 billion. 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
