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October 2016

Tajikistan Launches Construction Of The Rogun HPP Dam

Monday, October 31, 2016 - 20:25

On October 29, Tajikistan witnessed the official ceremony of the beginning of construction of the Rogun hydroelectric dam; the event was attended by President Emomali Rahmon. He gave the signal to start the works, sitting behind the wheel of a bulldozer and working personally for one hour and a half in the Vakhsh river bed to change its direction, which would create a reservoir for a hydroelectric power station.

Russia Terminates The Lease Of Kazakhstan's Emba Range

Monday, October 31, 2016 - 19:04

The Russian-Kazakh Intergovernmental Protocol on termination of a number of agreements regarding the conditions of the lease and the use of the Emba range located in the Kazakh territory has been signed by Russian Defense Minister Sergei Shoigu. According to the press service of the department, the Protocol was prepared in order to further implement the agreements between the presidents of Russia and Kazakhstan on optimizing the testing ranges leased by Russia from Kazakhstan.


ENPF Assets May Be Transferred In Foreign Management

Monday, October 31, 2016 - 18:40

The assets owned by the Kazakh Single Accumulative Pension Fund (ENPF) may be transferred in external asset management by foreign managers by mid-2017. Nurjan Tursunhanov, head of the Office of pension assets, announced the news at a press conference in Almaty. According to him, there will be transferred those assets that are denominated in the foreign currencies purchased by the ENPF.


The Progress Of Development Of Public-Private Partnership In Kazakhstan

Monday, October 31, 2016 - 15:42

In Kazakhstan, there is a growing interest towards the use of public-private partnership in various spheres of economic activity. This fact was stated during the recent press conference at the Central Communications Office by Sholpan Sapargali, Deputy Chairman of the Board of the JSC “Kazakh Center for Public-Private Partnerships” under the Ministry of the National Economy, and by Deputy President of the Center Aidos Cobet.

Uzbek And Kazakh Business Representatives Discussed Interregional Cooperation

Monday, October 31, 2016 - 14:15

A delegation of representatives of business circles of Aktobe and Kyzylorda provinces of Kazakhstan headed by deputy heads of these regions has visited Uzbekistan to participate in the Tenth International Industry Fair and Cooperation Exchange. In the process of exploring the technological capabilities and production potential of Uzbekistan, the entrepreneurs held a series of meetings and negotiations with the industrialists of the country.

New Horizons Of Uzbek-Russian Cooperation Discussed In Tashkent

Monday, October 31, 2016 - 00:00

During the Tashkent-based conference “Uzbekistan and Russia: new horizons of cooperation,” the participants discussed the results of joint activities in the field of business, the results of bilateral economic cooperation, the joint educational, scientific and cultural projects. The event was dedicated to the 25th anniversary of the Commonwealth of Independent States (CIS) and the establishment of diplomatic relations between Russia and Uzbekistan.

11 Uzbek Banks Included In The Top 200 Largest Banks Of The CIS

Sunday, October 30, 2016 - 23:46

11 commercial banks of Uzbekistan have been included in the list of the 200 largest banks in the CIS countries, which was prepared by the Russian rating agency “RIA Rating.” This study was conducted by the agency's experts in the banking sector of the CIS countries. Its 2015 results were used to draw up a rating of the 200 largest banks in the CIS. This is the sixth report of the kind prepared by experts of “RIA Rating.”


TALCO Formally Charged With Concealment Of Over A Billion Dollars

Sunday, October 30, 2016 - 21:32

In its report regarding the financial, production and economic activities of the state enterprise “TALCO” in the period 2010 to mid-2016, the Tajik Ministry of Finance informed that the Tajik aluminum company hid revenues totaling TJS3.8 billion (approximately $1.1 billion). However, “TALCO” denies the fact of concealment of funds that was published in the analytical report.

Kazakhstan Facing Waste Disposal Problems

Sunday, October 30, 2016 - 20:34

Every year, about one billion tons of garbage and wastes of various origins are accumulated in Kazakhstan. Head of the Department of Waste Management of the Ministry of Energy of Kazakhstan Jean Nurbekov announced this information on October 27, while delivering a speech at the first Astana-based open Eurasian Business Forum on Recycling and Renewable Energy titled “Green Energy & Waste Recycling Forum.”


Kazakhstan May Ban Spring Hunting

Sunday, October 30, 2016 - 17:35

The Ministry of Agriculture of Kazakhstan is considering the possibility of complete prohibition of spring waterfowl hunting. A number of media reported the news, citing the words of deputy head of the Department of hunting and wildlife territorial inspection of West Kazakhstan Province Zakaria Turaliev. In particular, he noted that the numbers of most of the waterfowl species tend to decline steadily. Since spring hunting takes place during the breeding season, it is one of the reasons that many species of birds disappear.