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March 2015

Construction of a Large Automobile Plant in Kazakhstan is Postponed

Saturday, March 28, 2015 - 10:38

Construction and commissioning of a large automobile plant belonging to the company “Asia Auto Kazakhstan” in Ust-Kamenogorsk is postponed to 2018. The news was reported to the press by the government of the East Kazakhstan region. Earlier, there had been reports about the commissioning of a new car plant in 2016, but for various reasons deadlines had to be postponed.

Belarusian Service Center will Be Opened in Turkmenistan before the End of the Year

Saturday, March 28, 2015 - 10:18

In December of this year a service center for Belarusian machinery will be opened in the Turkmen capital Ashgabat. This information was reported by the chairman of the Council of Belarus (the upper house of the National Assembly) Mikhail Myasnikovich during his meeting with the President of Turkmenistan Gurbanguly Berdimuhamedov held on Thursday, March 26th. In this regard, it is worth recalling that the construction of this service center for Belarusian machinery has entered its final stage and it is scheduled for completion in the third quarter of this year.

The EU Intends To Resume Negotiations on Gas Supplies with Turkmenistan

Friday, March 27, 2015 - 09:54

In the coming months, the Deputy President of the European Commission for Energy Maroš Šefčovič is planning to start talks with Turkmenistan on the construction of the Trans-Caspian pipeline for delivery of natural gas in the Southern Gas Corridor. This was reported to media by the Head of the EU Delegation in Turkmenistan Daniilidis Denis, who recalled the functions of M.Shafchovich include efforts to create an energy alliance.

Pre-Election Campaigning is Launched in Kazakhstan

Friday, March 27, 2015 - 08:56

Pre-election campaigning of candidates in the framework of the upcoming presidential elections has been launched in Kazakhstan, according to a representative of the Central Election Commission. "Starting from today, one of the most interesting stages of the presidential election campaign - namely, the pre-election campaign starts in the country. It will end up on April 24 at 24:00 local time," - Tatiana Okhlopkova, a member of the CEC said in a press conference.

Uzbekistan to Invest 3.5 Billion Dollars in Transport Infrastructure

Thursday, March 26, 2015 - 19:01

In the period from 2015 to 2019 in Uzbekistan about $ 3.5 billion will be invested on the development of road transport infrastructure. The news was reported to the press on Wednesday, March 25, by the representative of the Ministry of economy, who recalled that for 2015-19 years, in accordance with the decree of President Islam Karimov a program of development and further modernization of road transport and engineering infrastructure is approved. In its framework it is planned to construct and reconstruct roads that are part of the Uzbek national highway.

A New City will Be Established in Tajikistan

Thursday, March 26, 2015 - 18:48

In Tajikistan, it is planned to establish a new city, which will be located on the territory of Sughd region. The news was told media representatives by the President Emomali Rahmon, who also noted that the new settlement would be called Saygun - after the river that flows near the future city. "In just a few years a desert terrain around the city will turn into parks and gardens blooming" - he said.

 

Ashgabat Hosts Two International Business Forums

Tuesday, March 24, 2015 - 11:38

Last week Turkmen capital Ashgabat hosted the Turkmen-Korean business forum, which was jointly organized by the Chamber of Commerce of the Republic and the Korean Association of International Trade. During the event, a meeting of representatives of several ministries and departments of Turkmenistan, Union of Industrialists and Entrepreneurs of the country with a delegation from South Korea took place.

Microfinance Company of Kyrgyzstan Received the Dutch Investment

Tuesday, March 24, 2015 - 09:37

The Kyrgyz microfinance company "Financial group "Companion" managed to increase its authorized capital from 650.4 million to 1 billion som by attracting investment from Dutch funds. The news was reported on Monday, March 23 at press conference by representatives of the company, which indicated that the Dutch Development Bank (FMO) had become the owner of 17.5 percent of shares of "Capital Group". The main activity of the Dutch side is to provide loans to developing countries, capital and guarantees to companies belonging to the private sector.

Money Remittances of Uzbek Labor Migrants from Russia are Decreasing

Tuesday, March 24, 2015 - 09:02

During 2014 slightly more than $ 19 billion had been transferred from Russia to other CIS countries, which is 12 percent or 2 billion 672 million dollars less than in 2013. This information was published on Friday, March 20 by the Central Bank of the Russian Federation, which noted that the volume of remittances decreased in all of the Commonwealth countries except Kazakhstan. In the latter case, the amount of remittances has increased even more - up to 577 million compared to $ 561 million in the year before last (then was an increase of 2.8 percent).

 

Results of LUKOIL Activity in Uzbekistan and its Prospects for the Coming Years

Tuesday, March 24, 2015 - 08:36

According to the results of the year 2014, the Russian company LUKOIL has increased the size of their investment in Uzbekistan by 28 percent in comparison with 2013. This is stated in a regular statistical report of the concern, which also says that, in monetary terms, this figure has reached 838 million dollars. "The aggregate amount of capital expenditures for exploration and subsequent production in Uzbekistan has increased to 838 million dollars from 657 million dollars at the end of 2013" – so it is stated in the materials of the company.