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Central Asia

Participants and guests of Elders’ Council to visit military-tactical exercise

Preparations for the Elders' Council of Turkmenistan are being finalized in Lebap province. The forum will bring together Turkmen elders, farm specialists and representatives of scientific-research establishments as well as related ministries and organizations.

Marchenko: Inflation rate in Kazakhstan to increase by 2% in 2009 due to devaluation

The rate of inflation in Kazakhstan will be increased by 2% in 2009 because of devaluation (previous projections were 9% to 11%), said the Chairman of the National Bank of Kazakhstan Grigory Marchenko.

EBRD supports expansion of leading Uzbek cable producer

The EBRD is providing a US$5 million loan to Andijan Cable, one of the leading cable manufacturers in Uzbekistan and Central Asia, the EBRD said in a press release on Tuesday, 3 March 2009.

Kyrgyzstan considers property tax moratorium

A new draft bill on property tax moratorium is likely to be submitted to the Parliament today, the minister for Kyrgyz Economic Development and Trade Akylbek Japarov said during the Ak Zhol fraction’s session on Wednesday.

Turkmenistan to increase maternity allowances

Deputies of the national parliament of Turkmenistan have prepared a number of amendments to social welfare laws, including an amendment providing for increasing the maternity allowance.

PM Masimov, representatives of JP Morgan discussed perspectives of Kazakh economy development

Prime Minister of Kazakhstan Karim Masimov and representative of JP Morgan discussed perspectives of Kazakh economy development, reports press service of the Prime Minister.

Uzbekistan plans to increase tractors export in 2009

"Tashkent tractor factory" plans to double the export of tractors in 2009 and increase this index to US$ 10 million.

Russian company to dispose radioactive waste in Turkmenistan

The President of Turkmenistan Gurbanguly Berdymuhammedov signed a decree on movement and storage of radioactive waste from two large industrial enterprises, the “Khazar” chemical plant and “Balkanabat” iodine plant.

EBRD to actively participate in Osh-Batken-Isfana road construction

European Bank of Reconstruction and Development intends to take active part in the construction of Osh-Batken-Isfana road, the EBRD transport department consultant Christopher Uzi.

Kazakhstan invests USUS$4.76 billion to stabilize banking system

The Kazakh government invested 716 billion KZT (US$4.76 billion) to prop up the banking system, two-thirds of a planned bailout, leaving US$27 million in reserve.

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