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...

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...

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

05.07.2017

By the end of 2018, the enterprise “Uzmetkombinat” plans to be able to fully to provide the machine-building industry of Uzbekistan with fastening details. This will be possible after the commissioning of a new production facility, which will be established in accordance with the presidential decree of June 23, 2017. The total cost of this project is $31.57 million, and the annual output of finished products will reach 5,000 tons.

 

05.07.2017

The capital of Kazakhstan has hosted a meeting of representatives of the National Managing Company “KazAgro” and ADB (Asian Development Bank). The parties expressed their readiness to expand cooperation in developing the agro-industrial complex of the republic. According to the press service of KazAgro, the meeting was attended by the Chairman of the Board of KazAgro, Nurlybek Malelov, and ADB Deputy President Divakar Gupta.

05.07.2017

Over the next ten years, Turkmenistan plans to intensify the development of the gas chemical industry. Deputy Prime Minister for the Fuel and Energy Complex Maksat Babayev made such a statement during the presentation of a number of specific projects to the government members. In particular, there will be reconstructed the natural gas processing plant and the facility for production of liquefied gas located at the Bagadzha deposit (Lebap Province).

04.07.2017

Uzbekistan will increase the volume of gas condensate supplies from Turkmenistan to the Bukhara oil refinery. The NHC “Uzbekneftegaz” reported the news, referring to the agreement reached during the visit of Uzbek president Shavkat Mirziyoyev to Turkmenistan in May 2017. Then the representatives of the two countries signed the PSA (Production Sharing Agreement) envisaging the participation of “Uzbekneftegaz “in development of the Turkmen sector of the Caspian Sea shelf.

 

03.07.2017

Kyrgyzstan has managed to find an investor for the project for construction of the Upper Naryn cascade of hydroelectric power stations in the territory of the republic. President Almazbek Atambayev made this statement while delivering a speech to summarize his official visit to Moscow. “We were able to find an investor in the Upper Narynsky cascade. At the end of July, an appropriate agreement will be signed,” Atambayev said. Worth recalling, Russia was supposed to be the investor initially.

 

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

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.