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Kazakhstan acquires company in Serbia

ASTANA (TCA) — Kazakhstan’s Zhol Zhondeushi Company LLP has purchased the Serbian company ZGOP a.d. (Novi Sad), the only company performing capital overhaul and construction of railways in Serbia, the Ministry for Investments and Development of Kazakhstan said. Continue reading

Bishkek city major challenges: taxes, transport and roads

BISHKEK (TCA) — The capital of Kyrgyzstan, Bishkek, is playing an important role in the country's economy, accounting for 38.6% of the national GDP and 15.5% of industrial production. Foreign direct investment in Bishkek was 58.7% of the country’s total FDI in 2016, Vice Prime Minister of Kyrgyzstan Oleg Pankratov said on January 25 at the Bishkek municipality’s meeting to review the city’s socio-economic results for 2016. Continue reading

Chinese company to build a major road in Afghanistan

KABUL (TCA) — On January 8, a Chinese construction firm signed a contract to build a key road in Afghanistan, China’s Xinhua news agency reports. Continue reading

Chinese company reconstructs roads in Tajik cities

DUSHANBE (TCA) — December 19 saw the official ceremony to launch the second phase of the project to reconstruct motor roads in the Tajik cities of Kurgan-Tyube and Kulob, Avesta news agency reported. Continue reading

ADB to upgrade highways, improve road safety in Kashkadarya, Uzbekistan

TASHKENT (TCA) — The Asian Development Bank (ADB) has approved a $198 million loan to help upgrade and widen 77 kilometers of the existing Karshi-Shakhrisabz-Kitab highway in Kashkadarya province, southeast of Uzbekistan, to improve tourism, mobility, as well as domestic and international trade, ADB’s Country Office said. Continue reading

Road safety for key thoroughfare of Dushanbe in Tajikistan

DUSHANBE (TCA) — The European Bank for Reconstruction and Development (EBRD) and road safety organisation Eastern Alliance for Safe and Sustainable Transport (EASST) are teaming up with other partners for a road safety project in Tajikistan’s capital Dushanbe where a major international motorway will soon come into operation, the Bank said. Continue reading