Japan shows interest in development of Iran’s port
TEHRAN (TCA) — A new report says Japan is seeking to play a part in the development of the southeastern Iranian port of Chabahar, Iran’s PressTV news agency reported on May 8. Continue reading
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ADB and AIIB sign MoU to strengthen cooperation for sustainable growth
BISHKEK (TCA) — Asian Development Bank (ADB) President Takehiko Nakao and Asian Infrastructure Investment Bank (AIIB) President Liqun Jin signed a memorandum of understanding (MoU) in Frankfurt, Germany on May 2 on the sidelines of ADB’s 49th Annual Meeting of the Board of Governors, ADB said. Continue reading
EBRD becomes shareholder of Globaltruck Kazakhstan
ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) is supporting better regional integration — one of its core strategic priorities — by strengthening trade and transportation along the ancient Silk Road trade routes. Continue reading
Central Asia reviving old cooperation schemes with Iran
LONDON (TCA) — With the recent removal of the sanctions on Iran, Europe and the former Soviet republics have jumped on the platform to announce “breakthrough” deals on the occasion. Today most of those “new” deals are in fact a lot older, and it will take several years before a concrete benefit will be achieved both for Central Asia and Iran. Today Iran needs every bit of cash to cope with its huge socioeconomic problems while Central Asia access to the sea and alternative export routes has always been of high priority. Continue reading
Kazakhstan to complete modernization of Shymkent refinery by end-2017
ASTANA (TCA) — Modernization of Shymkent oil refinery and Shardara hydro power plant (HPP) will be completed by the end of 2017, the CEO of Sovereign Wealth Fund Samruk-Kazyna, Umirzak Shukeyev, said during his visit to the Fund’s objects in South Kazakhstan region. Continue reading
Tajikistan seeks loan from AIIB for road project
DUSHANBE (TCA) — The government of Tajikistan is negotiating a first loan from the Asian Infrastructure Investment Bank (AIIB), Avesta news agency reported with reference to the country’s Finance Ministry. Continue reading
