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

21.06.2017

Bishkek, the capital of Kyrgyzstan, has seen the completion of construction of a new large canning plant that will export its products: primarily to Russia and other EEU countries. Annually, the plant will produce over 100 tons of pickled canned vegetables and fruit juices, most of which will go to Russia and Kazakhstan. “We have already assembled all the necessary modern equipment of Italian manufacturers, and we have the opportunity to process the full range of vegetables and fruits that grow in Kyrgyzstan,” said Oleg Vandaev, the technical director of the new plant.

20.06.2017

At present, enterprises that are part of the national holding company “Uzpahtasanoatzksport” (including cotton plants) are replacing traditional outdoor lamps with self-powered lamps powered by solar panels. In total, 1,200 units of outdoor lamps will be replaced at the NHC enterprises throughout the country. According to local publications, “Energosila” (Russia) supplied solar cells for this project.

 

20.06.2017

In 2016, the revenue part of the republican budget of Kazakhstan was KZT7.7 trillion, which exceeded the 2015 indicator by 24 percent. About KZT2.31 trillion (30 percent) of this amount accounted for the share of transfers. Finance Minister Bakhyt Sultanov voiced these figures while delivering a speech at the joint session of the chambers of the Kazakh parliament on June 19. According to him, the expenditure part of the 2016 budget was approximately KZT8.5 trillion.

 

20.06.2017

On June 11-14, two events took place within the framework of the international exhibition EXPO 2017 held in Astana: the eighth international energy forum: “Pursuing the interests of sustainable development” and the ministerial conference “Ensuring Sustainable Energy Development.” They were participated by a total of over 1,000 experts representing over 50 countries of the world.

19.06.2017

This week, Uzbekistan intends to increase the state shares invested in the authorized capitals of commercial banks by $500 million in aggregate. This will be done in accordance with the decree signed several days ago by the president of the republic, Shavkat Mirziyoyev. This decision was made with a view to improving the financial stability of the national banking system and further supporting the process of capitalization of commercial banks, which will allow them to expand their participation in financing many investment projects and in supporting the entrepreneurship.

19.06.2017

In the coming months, the issue of gasification of the city of Astana will be resolved. Mayor of the capital of Kazakhstan Aset Isekeshev gave this promise while delivering a speech at the session of the Astana Economic Forum titled “Sustainable and smart cities of the future.” The head of the city said, “We have come very close to making a decision regarding the gasification of Astana. Many economic issues have already been worked out, including logistics. The decision will be made in the near future, and we are expecting a positive result.

19.06.2017

During the recent Astana Economic Forum held in the capital of Kazakhstan, its participants discussed such key topics as sustainable economic growth, global infrastructure and trade, green economy and innovations. Within two days of the forum's work (June 15-16), discussions were held regarding the current trends in the development of the world economy and the strengthening of global cooperation.

19.06.2017

Uzbekistan is considering the possibility of becoming the operator of the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline that is currently under construction. The chairman of the board of the national holding company “Uzbekneftegaz,” Alisher Sultanov, reported the news during the meeting of the International Press Club. “Most likely, we will become the operator of this project. Our Turkmen colleagues are holding a selection contest for an operator that would be able to organize the work across the entire pipeline (about 1,735 km).

18.06.2017

Uzbekistan has approved the program of modernization of the republic's coal industry in the coming years. The reason for the adoption of this document was a number of serious shortcomings discovered in the work of the state monopoly “Uzbekugol.” The main of them are: the weak production discipline; the ineffective operation of the company's equipment; the serious lag in the modernization of capacities, which leads to a lack of progress in the implementation of many investment projects.

 

18.06.2017

In July 2017, the Shymkent oil refinery (Kazakhstan) will start producing high-octane grades of gasoline. The press service of the leadership of South-Kazakhstan Province reported the news on June 14. According to the report, the Shymkent refinery will soon complete the first stage of modernization and reconstruction of the enterprise. In particular, this stage included building and commissioning an isomerization unit for light gasoline fractions, and equipping it with a preliminary hydrotreating unit for hydrocarbon feedstock.