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ASTANA (TCA) — In accordance with the Land Code of Kazakhstan, agricultural land in the country will not be handed over to foreigners and repatriates to Kazakhstan, or for private ownership. It can only be rented for up to 25 years, Deputy Chairman of the Committee for Construction, Housing and Utilities Services and Land Management under the Ministry of National Economy of Kazakhstan, Baurzhan Smagulov, told a media briefing on April 19, the official website of the Prime Minister of Kazakhstan reported. Continue reading
TASHKENT (TCA) — The government of Uzbekistan has offered for sale state-owned stakes in the country’s two commercial banks, the Novosti Uzbekistana news agency reported. Continue reading
ASTANA (TCA) — Kazakhstan’s national oil and gas company KazMunayGas (KMG) expects to maintain its oil production this year at last year’s level despite oil production decrease plans in Kazakhstan, Novosti-Kazakhstan news agency reported citing KMG head Sauat Mynbayev. Continue reading
TASHKENT (TCA) — Uzbekistan is selling state shares in the country’s largest chemical and cement plants — Navoiazot (Navoi Nitrogen) and Kyzylkumcement, said Uzbekistan’s State Committee for Privatization, Demonopolization and Competition Development. Continue reading
BISHKEK (TCA) — The Kyrgyz Government plans to offer its shares of a major player in the country’s telecommunication market, Alpha Telecom CJSC (MegaCom brand), for sale through auction. The state owns 100% of the company’s shares. The company covers 98 percent of the country with mobile communication and has more than three million subscribers. 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
