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Central Asia

Kazakhstan likely to reduce oil export duty to US$ 139

Kazakhstan is supposed to reduce export duties on crude oil from US$ 210 to US$ 139 per ton and for fuel oil – from US$ 130 to US$ 95. Sauat Mynbayev, Energy and Mineral Resources Minister announced this on the Government telephone conference today.

In 2008 usage of international investments changes

In first 3 quarters the structure of international investments in Uzbekistan changed a lot- fuel and energy sphere started to get them twice less, and investments in geologic exploration increased in 201 times.

Taking Kyrgyz labor migrants home may turn into emergency operation, if Russia’s economy shrinks

“Shrinking in scale of certain industry sectors in Russia might lead to extradition of labor migrants with planes of the Russian Ministry of Emergencies or Air Force aircrafts,” Anatoly Hodorovsky, a Russian economist said to the Radio Liberty.

Gurbanguly Berdimuhamedov meets with South Korean business circles

On November 6, during the business lunch in the Dynasty Hall of the fashionable Shilla Hotel, the residence of the Turkmen President, Gurbanguly Berdimuhamedov has received representatives of the business elite of the Republic of Korea.

Kazakh National Pension Fund changes

Recently during a meeting of Accumulative Pension Fund (APF) UlarUmit shareholders a decision on Fund equity capital increase from 440 million tenge to 4.84 billion tenge was made. This means a ten-fold increase.

Uzbekistan population increases

Number of Uzbek population increased by 355,500 or 1.3% from the beginning of the year to 27.3 million, according to official data of the Uzbek State Property Committee.

Russia, Kyrgyzstan to sign energy bills

Russia and Kyrgyzstan elaborate a range of energy bills to be signed, the Russian Ambassador to Kyrgyzstan Valentin Vlasov told reporters today.

Russian – Turkmen trade turnover to reach 6.5 billion dollars in 2008

The trade turnover between Turkmenistan and Russian may reach 6.5 billion U.S. dollars in 2008, said Viktor Zubkov, the Deputy Chairman of Russian and the co-chairman of the Turkmen – Russian Intergovernmental Commission on Trade and Economic Cooperation.

Astana Locomotive Assembly Plant to be put into commission in 2009

Four investment projects are being developed in country’s railway sector at present. Askar Mamin, “Kazakhstan Temir Zholy” JSC President announced this during his working trip to Karaganda today. Work is conducted under a commission of Nursultan Nazarbaev, Kazakh President.

Kyrgyzstan on the brink of currency crisis

“Kyrgyzstan is actually on the brink of currency crises. Significant worsening of economical situation is expected in February-March 2009,” Akylbek Japarov, the Kyrgyz Minister of Economic Development and Trade told at the government session on November 4, 2008.

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