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Central Asia

Economy Stabilization Plan discussed in Almaty

Discussion on Joint Action Plan of the Government, National Bank and Financial Supervision Agency on stabilization of economy and financial system for 2009-2010 was organized today in Almaty. Roundtable organizers are Almaty municipal affiliate of the People’s Democratic Party Nur Otan.

EBRD lends Uzbek Leasing US$3 million for private sector development

Small and medium-sized businesses of Uzbekistan will significantly benefit from the loan of US$3 million extended by the European Bank for Reconstruction and Development (EBRD) to Uzbek Leasing Company for the period of five years.

Kyrgyz Parliament allows energy companies to restructure 3.269bln debt

Sixty-six members of parliament voted in support of the allowing energy companies to restructure a 3.269 billion debt for unpaid taxes and loans. The initiative was totally supported by the Ak Zhol fraction, while communists and social-democrats refused to vote for it.

Turkmen Delegation Learns International Information Communication Technologies Experience in Latvia

A delegation of Turkmenistan has recently returned from a 10-day study tour of Latvia which was organized by the UNDP Project “Information Sharing in Turkmenistan for Sustainable Human Development” (InfoTuk)”.

Kyrgyzstan to inquire Uzbekistan about reasons of gas price rise, Chudinov says

“The Kyrgyz government positioned itself on the negotiations over Uzbek natural gas delivery, asking to explain why the gas costs have doubled,” Igor Chudinov, the Kyrgyz Prime Minister said during the TV call-in show in Bishkek Wednesday.

Kazakh GDP to grow on 1-3% in 2009-2010

“As a result joint action plan implementation of the Government, National Bank and Financial Supervision Agency, the real growth rate of Kazakh GDP in 2009-2010 is will reach 1-3 % per year,” Arman Abenov.

Uzbek-Polish trade turnover rises 12 times in 2004-07

Trade turnover between Uzbekistan and Poland increased 12 times in 2004-2005. Export of Poland to Uzbekistan rose 2.5 times and Uzbekistan to Poland grew 20 times, according to statistics of Poland.

Special working group meets in Astana to discuss Caspian Sea legal regime

A delegation of Turkmenistan is attending the 24th meeting of the Special Working Group for drafting a convention on the legal status of the Caspian Sea at the level of deputy foreign ministers.

Electricity blackouts cost Kyrgyzstan 60bln or 6 percent of GDP growth

Electricity blackouts cost Kyrgyzstan about 60 billion soms or 6 percent out of GDP growth, the Minister of Economic Development and Trade Akylbek Japarov said Tuesday at the session of economy, budget and finances committee of parliament.

Convention on double taxation avoidance signed by Kazakhstan and United Arab Emirates

"Governments of Kazakhstan and the United Arab Emirates will sign convention on double taxation avoidance and tax avoidance prevention as for revenue-based levies,” Yerzhan Ashikbayev, Kazakh Foreign Ministry official representative informed about this today at the briefing in Astana.

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