Asian Development Bank said that the economy of Uzbekistan will increase by 8% in 2008 and 2009. The bank published its Asian Development Outlook 2008 Update (ADP Update), which raises projected GDP growth for 2008 from 7.8% to 8.0% and for 2009 from 7.2% to 8.0%.
Whereof $303.16,9mln are direct foreign investments, $12.7 thousand - portfolio investments, $22.52mln - technical aid and grants and $1.378,503,4bln - other sources, Kyrgyz National Statistics Committee reported.
Kyrgyzstan’s Minister for Industry, Energy and Fuel Resources Saparbek Balkibekov offered to stretch daily power blackouts up to 10 hours. It was announced at the selective session of government in the White House Monday.
Fixed capital investment in Kazakhstan in January-August 2008 increased 9.7% to 2.175 trillion tenge (119.48 tenge/$1 on September 15, 2008), the State Statistics Agency told Interfax.
More than US$ 5 billion were allocated for development of fuel and energy complex in 2009, said Bahyt Sultanov, on Thursday during presentation of the bill on the Republican budget for 2009 - 2011 in Majilis of Parliament of Kazakhstan.
“Inflation slowdown is expected in Kyrgyzstan in the end of 2008,†Akylbek Japarov, the Kyrgyzstan’s Minister of Economy Development and Trade said last Friday.
The ministry of energy and industry and the ministry of construction materials industry of Turkmenistan will sign a contract with Turkish company Imeks InÅŸaat Makina Elektrik Konstrksiyon Sanayi LTD.ÅžTI.
All regions in Uzbekistan started picking cotton in September - the country's main crop, and this is being done in a very unusual situation for the government.
