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Business & Economics

21.01.2017

On January 16, President of Turkmenistan Gurbanguly Berdimuhamedov visited the city of Turkmenbashi in Balkan Province to inspect the construction site of the International seaport. According to the government press service, the total construction cost of the new port will exceed half a billion dollars. The total construction time is 3.5 years; the project will be completed in December 2017.

 

21.01.2017

On January 19, Prime Minister of Kyrgyzstan Sooronbai Jeenbekov held a regular meeting of the government, which aimed to discuss the challenges and plans within the framework of further integration in the EEU (Eurasian Economic Union). According to the press service of the Kyrgyz government, the head of the Cabinet of Ministers gave instructions to the state authorities regarding further deepening of Kyrgyzstan's integration in the Eurasian Economic Union.

21.01.2017

Turkmenistan has started filling the major pipeline “East – West” with natural gas. In the very near future, the gas will be delivered to consumers in Balkan and Ahal provinces of the country. To date, the 150-kilometer section “Shatlyk – Tejan – Kaka” has successfully passed the hydraulic tests. According to representatives of the oil and gas complex of Turkmenistan, the high reliability of the pipeline was also confirmed at its western section “Gumdag – Belek.”

 

20.01.2017

The Asian Development Bank has updated the program for providing financial assistance to Tajikistan in the period 2017-2019. According to the bank's press release, the funds allocated to the country will be spent on solving major issues. These include improvement of the infrastructure (especially the condition of roads), establishment of a favorable investment climate in the republic, as well as maintaining food security. In addition, attention will also be paid to development of the energy sector.

 

20.01.2017

The President of the Republic of Uzbekistan Shavkat Mirziyayev signed the decree “On measures aimed at further simplifying and accelerating the process of sales of state property for the purpose of using them for entrepreneurship.” As reported by the State Committee on De-monopolization, Privatization and Development of Competition of the republic, the main purpose of the decree is to create favorable conditions for development of private enterprises in Uzbekistan.

 

20.01.2017

In the territory of Yashnabad and Almazar districts of the Uzbek capital Tashkent, plans are afoot to create two innovative specialized technology parks in the near future. The corresponding draft decree was developed by the Ministry of Economy of the Republic, in accordance with the initiative of President Shavkat Mirziyoev, which he had put forward during the election campaign in November 2016.

20.01.2017

In 2016, Tajikistan's state budget received TJS407 million (about $52 million at the official rate) less revenue than in 2015. Deputy head of the Customs Service under the Government of the Republic Hurshed Karimzod reported this information during the recent press conference in Dushanbe. According to him, these losses amounted to 9.6 percent and were associated with the shortfall of customs payments planned for 2016.

 

In total, TJS3.8 billion were collected in the budget, although the target figure was $4.2 billion (about $537.7 dollars).

 

19.01.2017

The Asian Development Bank plans to allocate $100 million to Uzbekistan for construction of a solar power plant in the country. Its installed capacity will be 100 MW. The power plant will be located in the south of the country, in Sherabad District of Surkhandarya Province. According to the press service of the bank, “the second solar energy project of provides for the redundancy of $100 million. This will be done in the framework of the bilateral cooperation between the ADB and Uzbekistan in the period till 2020,” the bank informs.

 

19.01.2017

The oil refinery “Junda” located in the Kyrgyz town of Kara-Balta will now receive oil from Russia custom-free. The delivered raw material shall be used for production of combustive and lubricating materials intended for the domestic market of the Kyrgyz Republic. Deputy Prime Minister Oleg Pankratov made this statement during the recent meeting of the Committee on Fiscal and Economic Policy of the National Parliament.

 

18.01.2017

In Uzbekistan, plans are afoot to build an excavator plant. The facility will be commissioned in 2018, on the basis of the wagon-wheel workshops of the unitary enterprise “Uztemiryulmashtamir.” The total cost of this project is approximately $30 million. Worth noting, this industrial site was planned for construction and commissioning in 2017 in Syrdarya Province (the city of Yangiyer). The company did not report what was the reason for such a transfer of the plant's construction site and schedule.