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June 2015

A State Mortgage Company to Be Created in Kyrgyzstan

Monday, June 29, 2015 - 10:18

In Kyrgyzstan, the government will create a mortgage company that will ensure the country's population with affordable housing and, in addition, will contribute to enhancing economic market in the country. This news was reported on June 26, in the press service of the Ministry of Economy, which noted that currently the situation with the provision of housing for the population of Kyrgyzstan could be called difficult.


Geological Exploration of Kazakhstan is Waiting for New Projects

Monday, June 29, 2015 - 09:38

During the current year, the company "Kazgeologiya" intends to implement a number of projects jointly with foreign companies. As noted, the total investment in these projects will amount to about 5.5 million. For example, "Kazgeologiya" together with the transnational company RioTinto will be engaged in the implementation of projects for exploration porphyry copper ores at Korgantas (Karaganda region) and Balkhash-Saryshagan platform.

Pharmaceutical Cluster Established in the South of Kazakhstan

Sunday, June 28, 2015 - 15:53

A pharmaceutical cluster will be established in South Kazakhstan region, according to the document that was signed in Shymkent. Participants to the agreement on this issue are several major medical and pharmaceutical manufacturing companies, research institutes, distribution companies and the Chamber of Entrepreneurs of Kazakhstan. This was reported by the press service of the Chamber, which noted that the core of a new cluster would be represented by the company JSC "Himfarm" under the trademark «Santo Member of Polpharma Group».


Uzbekistan and Tajikistan are Ready to Normalize Relations with Each Other

Sunday, June 28, 2015 - 15:43

On Wednesday, June 24 in Tashkent a regular meeting held by the intergovernmental commission on economic and trade cooperation between Uzbekistan and Tajikistan completed. For the last time the officials of these states met at such a level of six years ago. According to experts, the parties have a good chance to agree on a number of painful issues, such as natural gas supplies and organization of transport link between the two countries.


Residents of Kazakhstan have Imported 2.8 Billion Dollars to Russia

Sunday, June 28, 2015 - 15:30

Over the last six months, from October to April, residents of Kazakhstan have spent more than 150 billion rubles, or 2.8 billion dollars in Russia. This information was announced at a press conference by the chairman of the National Chamber of Entrepreneurs "Atameken" Ablai Myrzahmetov." According to the National Bank of the Republic, during this period about 152 billion rubles have been purchased in exchange offices, which is about 2.8 billion dollars at the exchange rate.

Kazakhstan and Turkmenistan have Delimited the Bed of the Caspian Sea

Sunday, June 28, 2015 - 15:14

On Thursday, June 25 the upper chamber of the Kazakhstan Parliament (Senate) ratified the agreement between Turkmenistan and Kazakhstan concerning the delimitation of the Caspian Sea. This event is extremely important in the process of settlement of issues related to the Caspian Sea, taking into account that delimitation of the seabed between seafaring countries considered to be one of the most difficult processes in the region. Only five states are involved in the settlement process - Russia, Kazakhstan, Turkmenistan, Azerbaijan and Iran.


Kazakhstan will Provide Free Military-Technical Assistance to Kyrgyzstan

Friday, June 26, 2015 - 17:34

On Wednesday, June 24, the Ministry of Defense of Kazakhstan reported on signing an agreement on mutual rendering gratuitous military-technical assistance with Kyrgyzstan. The Defense Ministry also said that the document was signed during the meeting of the heads of the defense ministries of the two states in Astana. At the same time, the Minister of Defense of Kazakhstan Imangali Tasmagambetov noted that bilateral or multilateral joint military exercises in Central Asia within the framework of different scenarios can be considered very appropriate.


Kazakhstan will Issue Eurobonds Worth Two Billion Dollars

Friday, June 26, 2015 - 17:24

Kazakhstan intends to issue Eurobonds worth over two billion dollars, as it was reported in the margins of the next plenary session of the lower house of parliament of the Republic by the Minister of National Economy Erbolat Dosayev. "The amount, depending on them, should be enough for us to finance the budget deficit. In general, it is more than 2 billion dollars," - he added. The Minister also noted that the placement would begin after all of the necessary formalities.


Development of Special Economic Zones in Kazakhstan

Friday, June 26, 2015 - 17:13

In recent years, the total production in special economic zones of Kazakhstan has increased fivefold, reaching the level of about 677 billion tenge. This information was reported at briefing held at the Central Communications Service by the Deputy Chairman of the Management Board of JSC KAZNEX INVEST Almas Aydarov. He also noted that due to the implementation of the state program of industrial-innovative development on the results of the first five-year plan, infrastructure of special economic zones has received an investment of $ 143 billion tenge.

Turkmenistan has Problems with Military Conscription

Friday, June 26, 2015 - 17:02

The armed forces of Turkmenistan are experiencing problems with a manpower level, which is due to the actual breakdown of the spring draft this year. Despite the extension of the spring conscription from 30 June to 25 July, the Army cannot make up for the number of demobilized soldiers. By the beginning of the current recruiting campaign about 20.5 thousand conscripts are subject to demobilization, having served two years required by law. A total number of 18-year-old age recruits and those who by this time had a postponement is not more than 19 thousand people.