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ASTANA (TCA) — Kazakhstan should keep the inflow of foreign investments in the manufacturing sector as investments are declining in other sectors of the country’s economy, Yerlan Khairov, the chairman of the Investment Committee of the Kazakh Ministry of Investment and Development, said at a media briefing on February 16, the official website of the Prime Minister of Kazakhstan reported. Continue reading
TEHRAN (TCA) — Iran has said it needs $200 billion in investments to revamp its oil industry, the country’s PressTV news agency reported. Continue reading
ALMATY (TCA) — The deficit of the balance of payments of Kazakhstan for 2015 is preliminarily estimated at US $5.3 billion compared to a surplus of $6 billion in 2014. The reason is the country’s decreasing exports, Novosti-Kazakhstan news agency reported with reference to the country’s National Bank. Continue reading
ALMATY (TCA) — Kazakhstan’s currency is in a very bad shape. There are various reasons for that, and although President Nazarbayev advises his citizens not to buy imported goods, people on the street feel the pinch and try to switch to dollars as much as they can. The crash in global prices of oil and other commodities has already brought Russia and Azerbaijan currencies to their lowest level losing more than 50%. Kazakhstan is not doing any better with the tenge moving, in about two years, from about 150 tenges per dollar to the incredible low level of close to 400 and the situation has much to do with the ever shifting National Bank policies. Continue reading
DUSHANBE (TCA) — Iran has announced the official launch of its gas oil export to neighboring Tajikistan for the first time in the history of relations between the two countries, Iran’s Mehr News Agency reported on February 3. Continue reading
LONDON (TCA) — Amidst the wildest speculations that predominantly Shiite Iran might emerge as a powerful buffer to keep Sunnite extremism at bay for Central Asia and take the shape of a regional power broker, realities speak a different language. For the moment, Iran needs everybody else’s help a lot more than anybody else needs Iran’s. But where politics face a long haul, trade might have a unique and immediate opportunity – especially where the landlocked Central Asian former Soviet republics are concerned. Continue reading
