• KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 109

Turkey to Step up Investment in Uzbekistan’s Production of Footwear

Turkish footwear manufacturers are ready to invest $1 million in the manufacture of leather, footwear and fur goods in Tashkent's Ahangaran district. Discussions between the head of Layki, a leader in the Turkish footwear and textile market, and Fakhriddin Boboevoy, chairman of the Uzcharmsanoat Association, focused on the company's bid for land, the schedule and format of subsequent conferences, technological issues and the exchange of best practices. Previous plans announced by the Uzcharmsanoat Association included the establishment of a leather and footwear production complex in the small industrial zone of Ahangaran comprising 26 projects with a total value of $30 million. The Turkish company Warboots, which has already committed $50 million to an enterprise to produce military footwear, has declared an interest in production at Ahangaran. Through an initial investment of $15 million, the enterprise will create 4,000 jobs for local residents. Other Turkish companies are likewise, keen to set up operations in the Ahangaran zone. The Gratto brand is conducting a feasibilty study for a tannery which will export products to Italy and other Commonwealth of Independent States (CIS) countries, and the Uzbek company Magna Sport is in talks with Turkey's Bursa Eldiven Sanayi to produce industrial gloves. The Turkish brand Myfit is liaising with Uzbek enterprises for the production of its licensed goods under an outsourcing system and preliminary agreements have been reached on the creation of product samples and the supply of raw materials. Uzbek industrialists, together with the Turkish company El Taban are due to begin production of next-generation shoe soles, with the initial cost of the project set at $2.1 million. Given the country's wide availability of raw materials, inexpensive labour and easy access to global markets, players in South Korea, Italy, Russia, China and Germany are also actively interested in embarking on joint projects with Uzbekistan's leather industry.

Turkmenistan and Turkey to Collaborate on Export of Natural Gas to Europe

Turkmenistan and Turkey are to collaborate on a project that will pave the way for transportation of Turkmen natural gas through Turkey to European markets. A declaration of intent on cooperation in the field of hydrocarbon resources, alongside a memorandum on natural-gas partnership between the Turkmen State Concern Türkmengaz and the Ministry of Energy and Natural Resources of Turkey, were signed by Turkish President Recep Tayyip Erdogan and Turkmenistan's Chairman of the People's Council, Gurbanguly Berdimuhamedov at a meeting on the margins of the Antalya Diplomatic Forum on March 1st. The export of Turkmen gas to Europe will necessitate the construction of a gas pipeline across the Caspian Sea to Azerbaijan; a project revisited since the 1990s but not yet implemented. Diversification of natural-gas export routes remains a pressing issue for gas-rich Turkmenistan. Today, China is the largest importer of Turkmen gas, transported by pipeline via Uzbekistan and Kazakhstan. Smaller volumes of Turkmen gas are exported to Russia. Turkmenistan continues to work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project to transport natural gas to South Asia. After years of delays in the construction of the Afghan section due to funding and security issues, Turkmen and Afghan authorities are now close to advancing the project.

Harsh Turkish condemnation of Xinjiang cracks Muslim wall of silence

BISHKEK (TCA) — Turkey has called on Beijing to respect the rights of Uyghurs, a Turkic ethnic minority living in China’s northwestern Xinjiang Uyghur Autonomous Region, and to close the so-called re-education camps where up to a million Uyghurs are reportedly held. "We invite the Chinese authorities to respect the fundamental human rights of Uighur Turks and to close the internment camps. We call on the international community and the Secretary General of the United Nations to take effective measures in order to bring to an end this human tragedy in Xinjiang," spokesman for the Turkish Foreign Ministry Hami Aksoy said in a statement published on the ministry's website on February 9. We are republishing the following article on the issue, written by James M. Dorsey*: In perhaps the most significant condemnation to date of China’s brutal crackdown on Turkic Muslims in its north-western province of Xinjiang, Turkey’s foreign ministry demanded this weekend that Chinese authorities respect human rights of the Uighurs and close what it termed “concentration camps” in which up to one million people are believed to be imprisoned. Calling the crackdown an “embarrassment to humanity,” Turkish Foreign Ministry spokesman Hami Aksoy said the death of detained Uighur poet and musician Abdurehim Heyit had prompted the ministry to issue its statement. Known as the Rooster of Xinjiang, Mr. Heyit symbolized the Uighurs’ cultural links to the Turkic world, according to Adrian Zenz, a European School of Culture and Theology researcher who has done pioneering work on the crackdown. Turkish media asserted that Mr. Heyit, who was serving an eight-year prison sentence, had been tortured to death. Mr. Aksoy said Turkey was calling on other countries and United Nations Secretary-General Antonio Guterres to take steps to end the “humanitarian tragedy” in Xinjiang. The Chinese embassy in Ankara rejected the statement as a “violation of the facts,” insisting that China was fighting separatism, extremism and terrorism, not seeking to “eliminate” the Uighurs’ ethnic, religious or cultural identity. Mr. Aksoy’s statement contrasted starkly with President Recep Tayyip Erdogan’s declaration six months earlier that China was Turkey’s economic partner of the future. At the time, Turkey had just secured a US$3.6 billion loan for its energy and telecommunications sector from the Industrial and Commercial Bank of China (ICBC). The Turkish statement constitutes the first major crack in the Muslim wall of silence that has enabled the Chinese crackdown, the most frontal assault on Islam in recent memory. The statement’s significance goes beyond developments in Xinjiang. Like with Muslim condemnation of US President Donald J. Trump’s decision last year to recognize Jerusalem as the capital of Israel, Turkey appears to want to be seen as a spokesman of the Muslim world in its one-upmanship with Saudi Arabia and to a lesser degree Iran. While neither the [Saudi] kingdom or Iran are likely to follow Turkey’s example any time soon, the statement raises the stakes and puts other contenders for leadership on the defensive. The bulk of the Muslim world has remained conspicuously silent with...

Turkey to host Afghanistan and Pakistan for Afghan peace talks

KABUL (TCA) — Turkish President Recep Tayyip Erdogan says his country will host the leaders of Pakistan and Afghanistan as part of efforts to end the Afghan Taliban's 17-year insurgency, RFE/RL reported. Continue reading

Nazarbayev urges Turkish companies to invest in Kazakhstan

ASTANA (TCA) — Kazakhstan President Nursultan Nazarbayev during his visit to Turkey met with the heads of the largest Turkish companies in Ankara on September 13, Kazakh Invest National Company for Investment Support and Promotion reported. Continue reading

Kazakhstan attracts $1.7 billion of investments from Turkey

ASTANA (TCA) — Kazakhstan and Turkey signed 24 agreements on investment, trade and economic cooperation at an investment forum in Ankara on September 12. The projects with Turkish capital are aimed first of all at development of the non-resource sector of the Kazakh economy, providing more than 3,000 new jobs. “Today Turkey is on the second place in terms of the number of companies with foreign capital in Kazakhstan. Growing number of Turkish companies in our country is one of the basic factors contributing to exchange of capital, best practices and technologies between our countries,” said First Deputy Prime Minister of Kazakhstan Askar Mamin, who opened the investment forum. Kazakhstan and Turkish companies have signed 24 commercial documents for a total amount of around US $1.7 billion. The documents are aimed at implementation of different investment projects. For instance, in Kazakhstan’s Zhambyl region it is planned to build a factory for production of soda ash (Na2CO3), which is used in metallurgical, chemical and glass making industries, with a total cost of 270 million US dollars and with creation of 350 jobs. According to an agreement reached between Kazakh Invest National Company for Investment Support and Promotion and Eksen Group, the Turkish investor plans to build a new financial, social and business center – Downtown Almaty – in Almaty city at a cost of 300 million US dollars. Downtown Almaty will accommodate business centers, premium class apartments and JW Marriot hotel, Kazakh Invest said. Administration of Kazakhstan’s Turkestan region and DAL Holding signed the Agreement on construction of a greenhouse facility at a cost of $200 million with creation of 700 jobs. “We can speak of strengthening of expansion trend of large Turkish holdings on the market of Kazakhstan. Whereas traditional industries to where Turkish investors came in the past were hotel business and production of construction materials at the level of small and medium business, today major Turkish companies open such new industries as mining and metallurgy, agriculture, agricultural chemistry, metallurgy, treatment industry and much more,” said Saparbek Tuyakbayev, chairman of Kazakh Invest National Company Board of Directors. The Turkish side emphasized that Turkish investors are interested in expansion of their production in Kazakhstan due to the country’s political stability, a favorable investment climate, and access to markets of the Eurasian Economic union, Central Asia, and West China.