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Cental Asia

03.07.2017

On June 20, Ashgabat hosted a regular meeting of the Security Council of Turkmenistan chaired by President Gurbanguly Berdimuhamedov. The main theme of the event was developing transport corridors and ensuring international transport security. As noted during the meeting, taking into account Turkmenistan's geographical location and sufficiently high rates of development of its national economy, in the future the country can become a transcontinental strategic link that connects the economic systems of several regions.

 

02.07.2017

On June 23, the EBRD (European Bank for Reconstruction and Development) signed two agreements providing for loans to one of the commercial banks of Kazakhstan, KassaNova, and for micro-financing of the KMF organization, in the amount of $11 million each. These documents were signed by President of the EBRD Suma Chakrabarti; the Kazakh signatories were chairman of the board of KMF Shalkar Zhusupov and chairperson of the board of KassaNova Sholpan Nurumbetova.

02.07.2017

Over the last 12 years, poverty in Tajikistan has declined by over 50 percent. According to the recent report of the World Bank, in the period 2003-2015, the poverty level fell from 73 to 31 percent in Tajikistan. In general, poverty has declined significantly; however, its level still remains high. According to the World Bank, 13 percent of Tajikistan's population live below the poverty line, and this figure has not changed since 2009. With that, 81 percent of the poor live in rural areas.

 

02.07.2017

The capital of Turkmenistan is hosting the Culture Week 2017, which is timed to coincide with the Day of the Workers of Culture and Art. This event was held for the first time in 2013, in the territory of the National Tourist Zone “Avaza.” Then it was gradually introduced in other regions of the country, presenting all the diversity of the historical and cultural heritage of the regions.

02.07.2017

The 14th Eurasian Media Forum took place in the capital of Kazakhstan. The event began on June 22 and ended on June 24. More than 500 delegates representing 60 countries of the world took part in the 2017 forum. Together they discussed the topical issues for the entire world community, such as: the Syrian crisis, the concept of “green economy,” security in social networks and information attacks.

02.07.2017

The administrative center of Sughd Province of Tajikistan, the city of Khujand, hosted the fourth trade fair “Sughd 2017.” This traditional event is intended to demonstrate the achievements of the region, which has been recognized as the most economically developed province of the country. The event is also a platform for development of international cooperation in the field of investment and business.

 

02.07.2017

Kazakhstan intends to build a gas power plant of a new type. This opportunity is currently being studied by the Eurasian Resource Group (ERG). The news was reported during a meeting of the Council of Foreign Investors by the chairman of the board of managers of this structure, Alexander Mashkevich, on June 22. “In terms of the prospects for waste-less production, we are currently conducting a research regarding the construction of an electric power station that uses ferro-alloy gas as a fuel, which is a by-product of the production of ferro-alloys,” he said.

 

02.07.2017

President of Kazakhstan Nursultan Nazarbayev appealed to foreign investors with a proposal to consider the possibilities of investing in the exploration of lithium reserves in the territory of the republic and subsequent organization of its extraction. He voiced this while delivering a speech at the 30th regular plenary meeting of the Council of Foreign Investors. “Today, the world is actively developing technologies that use rare earth metals. As follows from the experts' assessment,, by 2025 the demand for lithium can grow threefold, or up to 550,000 tons per year.

01.07.2017

By 2020, Kazakhstan plans to establish a facility for production of soda ash, which will ensure the supply of glass of Kazakhstan's own production. The project will be implemented in the territory of Kyzylorda Province within the framework of the second five-year period of industrial and innovative development (2015-2019).

01.07.2017

President Shavkat Mirziyoyev has approved the framework agreement between Uzbekistan and the EBRD (European Bank for Reconstruction and Development) that provides for operations related to the Environmental Rehabilitation Account for Central Asia. Worth recalling, this document was signed during President of the EBRD Sum Chakrabarty's visit to Tashkent on March 16, 2017. It provides for cooperation between the bank and Uzbekistan in the field of recovery of the environment affected by the extraction and enrichment of uranium.