To Be or Not to Be...? Someone’s grief, and someone’s drinking party

Traditions of the Kyrgyz people were being formed with the help of economic, trade, domestic and other relations with kindred and other tribes that were closely related to the geography of their ha...

Iran of the 60s: unsuccessful attempt to reform

After the coup of 19 March 1953 in the socio-political history of Iran there were fundamental changes: the powers of parliament were limited and the absolute power of Mohammad Reza Shah Pahlavi was...

Topic: Regional rivalry in the Middle East.

In the Middle East, Saudi Arabia and the Islamic Republic of Iran are two countries that claim to leadership in the region. With a powerful resources and political potential these countries are the...

Business & Economics, Kyrgyzstan

Russian oil can be feedstock for SOCAR’s refinery in Kyrgyzstan
17.05.2013
Business & Economics|Cental Asia|Kyrgyzstan

Russian oil can be refined at a SOCAR refinery in Kyrgyzstan to be built in Tokmak, president of the Kyrgyz Oil Trader's Association Zhumakadyr Akeneev told Trend on Tuesday.

"We are negotiating with Kazakhstan and Russia on the supply of oil to the refineries," he said.

Akeneev said that it is necessary to solve the last remaining question how to determine the source of feedstock for processing at the plant to launch the oil refinery construction.

He added that Azerbaijan has transferred powers of determining the source of feedstock to the Kyrgyz side.

Rosneft, Manas airport sign contract on fuel supplies
22.04.2013
Business & Economics|Cental Asia|Kyrgyzstan

Kyrgyz JSC Manas airport and Russian national company Rosneft signed a contract on fuel supplies, KyrTAG reported on Monday.

The terms of the contract are not published.

The document was signed within the 15th meeting of the Kyrgyz-Russian intergovernmental commission, held in Moscow.

Earlier Kyrgyz Prime Minister Zhantoro Satibaldiyev met with Rosneft's head Iqor Sechin.

Russia to pay $4.5 million for military objects in Kyrgyzstan
22.03.2013
Business & Economics|Cental Asia|Kyrgyzstan

Russia will pay $4.503 million per year for its military objects located in Kyrgyzstan, KyrTAG reported. This information is indicated in the note, which is a part of the agreement submitted to the Russian State Duma (parliament's chamber) on Russian military base in Kyrgyzstan.

Kyrgyzstan and UAE to discuss perspectives of economic cooperation
04.02.2013
Business & Economics|Cental Asia|Kyrgyzstan

The group from UAE will visit Kyrgyzstan to familiarize with the prospects of expanding trade cooperation between the two countries, Tazabek reported on Monday.

According to the statement, the agreement was reached during the visit of the First vice Prime Minister of Kyrgyzstan Djoomart Otorbaev February, 3 to Abu Dhabi.

As mentioned in the statement, the sides expressed mutual interest in bringing the bilateral relations to a new level, the need to exchange visits and accelerated study and signing of agreements on avoidance of double taxation and investment protection.

Small and medium business hits 40% of Kyrgyz GDP
14.01.2013
Business & Economics|Cental Asia|Kyrgyzstan

Small and medium businesses have attained a 40% share of the Kyrgyz GDP, KyrTAG reported, referring to the draft Sustainable Development Strategy of the Kyrgyz Republic for 2013-2017.

"Small and medium entrepreneurship development in Kyrgyzstan is far from an adequate level", the project says. "The contribution of small and medium business is over 40% of GDP. Around 15% of the total number of the employed population is employed in this sector. But this sector is a major employer in developed countries and it accounts for 60-80% of GDP in them".

Kyrgyzneftegaz suspected of concealing report on deal with Petrofac and causing damage to the state
11.01.2013
Business & Economics|Cental Asia|Kyrgyzstan

Kyrgyzneftegaz is suspected of concealing a report on the deal with Petrofac and causing damages to the state worth more than 22 million soums, KirTAG said on Thursday referencing the press service of the State Service for Combating Economic Crimes under the Kyrgyz government (SSCEC).

"During an operational search conducted by SSCEC employees in the Jalal-Abad region, it was ascertained that Kyrgyzneftegaz JSC failed to provide timely reports to tax authorities on transaction with Petrofac.

Price for gold scrap rises in Kyrgyzstan
09.01.2013
Business & Economics|Cental Asia|Kyrgyzstan

The price for gold scrap has increased in Kyrgyzstan, KirTAG said on Wednesday citing an employee of the www.jewelry.kg website.

"Over the past two years, the cost of gold scrap has increased by an average of $0.25 per gram, with respect to any gold standard. This is due to increase in gold prices all around the world," the employee said.

He said the gold handed in for scrap is mostly of Turkish and Russian production. Attempts to sell fakes have not been observed.

Terms of Kyrgyzgas company’s privatization by Russian Gazprom to be ready in February 2013
21.12.2012
Business & Economics|Cental Asia|Kyrgyzstan

The terms and calculations of the Kyrgyzgas company's property by Russian Gazprom will be introduced in February, 2013, KyrTAG reported on Thursday.

The sides held talks in this regard during the meeting of Kyrgyz President Almazbek Atambayev and head of Russian Gazprom Alexei Miller.

They mulled principal issues of cooperation.

As the result of the meeting, the sides expressed common opinion that the bilateral relations of Kyrgyzstan and Russia in the sphere of energy have good potential for development.

Russia provides Kyrgyzstan with food assistance worth $20 mln since 2008
21.12.2012
Business & Economics|Cental Asia|Kyrgyzstan

Russia has provided Kyrgyzstan with food assistance worth $20 million since 2008, KyrTAG reported on Thursday.

Particularly in 2009 the country received extraordinary assistance worth $2 million from Russia.

Russia also plans to start the implementation of a project on optimization of school food in Kyrgyzstan.

Kyrgyzstan hopes to receive cheaper gas in 2013
18.12.2012
Business & Economics|Cental Asia|Kyrgyzstan

Kyrgyzstan hopes to receive cheaper gas in 2013, 24.kg quoted Deputy General Director of Kyrgyzgas Kuralbek Naskeyev as saying at the press-conference on Monday.

"Kyrgyzstan is in talks (with Kazakhstan and Uzbekistan) to purchase natural gas next year at a lower price," Naskeyev said.

According to Kyrgyzgas Deputy General Director, the negotiations are underway for more than 3 months.