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Central Asia

Another strong quake rocks Alai region, Kyrgyzstan

Another strong quake rocked the Alai region of Osh oblast, Kyrgyzstan Thursday, October 24, 2008, press service of the Kyrgyz emergencies ministry reported.

Two new textile factories construction launched in Turkmenistan

Yesterday Gurbanguly Berdymuhamedov, the president of Turkmenistan, participated in the laying of foundation stone of two new textile industries as well as opening and putting to operation of fist panne velvet factory.

Agroinvest.kz-2008 Forum opens

The 1st international agricultural investment forum " Agroinvest.kz -2008" opened in Astana. “Approximately Kazakhstan economy equals to US$ 100 billion.

Uzbekistan and UAE creates investment company with authorized fund US 1.25 billion

Government of Uzbekistan together with the Fund of Reconstruction and Development and Arab company "Dubai holding" signed the Agreement about creating joint investment company "Uzemirateholding" October 22.

Two new textile factories construction launched in Turkmenistan

Yesterday Gurbanguly Berdymuhamedov, the president of Turkmenistan, participated in the laying of foundation stone of two new textile industries as well as opening and putting to operation of fist panne velvet factory.

Kyrgyzstan ranks 111th in World Press Freedom rating 2008

Reporters without Borders released its annual report Worldwide Press Freedom Index 2008, which witnesses that Kyrgyzstan climbed one position up, as compared to the last year and ranked 111 among 173 states.

World financial crisis may hamper Kyrgyz tourism activity

Financial turmoil that recently hit the developed countries is likely to cause decrease of number of tourists willing to visit Kyrgyzstan, the World Bank expert John Lukomnik said.

Inflation in Kazakhstan slows down

According to official data of Kazakh Statistics Agency inflation in Kazakhstan in September 2008 was equal to 0.6%. Chairman of National Bank Anvar Saidenov informed about this in Almaty on October 21.

Uzbekistan to increase production of food crops

The President of Uzbekistan signed a decree on October 20 on measures to optimize the crop lands and increasing production of food crops.

Gurbanguly Berdymuhamedov establishes Stabilization Fund of Turkmenistan

Yesterday during the meeting of Cabinet of Ministers, Gurbanguly Berdymuhamedov, the president of Turkmenistan, announced the establishment of Stabilization Fund of Turkmenistan, with a purpose to avoid negative impact on national economy of world economic and financial crisis.

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