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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
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
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
