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Central Asia

Korea to expand energy Ties With Algeria, Turkmenistan

President Lee Myung-bak met with Algerian and Turkmen leaders separately Friday to discuss closer cooperation in natural resources and infrastructure development on the sidelines of the opening ceremony of the Beijing Olympics, Cheong Wa Dae said.

KICB to receive $5 million for development of private sector

International Finance Corporation signed agreement with Kyrgyz Investment and Credit Bank on granting $5 million for expansion of small and mid sized business in remote areas of the country.

Kazakhstan asks China Development Bank to invest US$ 75 million more in Moinak Hpp

The Kazakh of Energy and Mineral Resources Ministry is asking China Development Bank (CDB) to increase funds for construction of the Moinak hydro-power plant on the Charyn river in the Almaty region.

ADB grants $30 million for drinking water supply in Kyrgyz villages

August 11. Asian Development Bank intends to allocate $30 million for the project rendering infastructure services on the level of populated areas, the ADB press service reports.

OECD forecasts top economies to slow further

The world's leading developed economies are set to slow more sharply in the months ahead, according to the Organization for Economic Cooperation and Development's indicators of future activity.

Turkmenistan offers China more gas

Turkmen President Gurbanguly Berdymukhammedov on Friday proposed that China increase gas purchases to 40 billion cubic meters per year from the currently agreed 30 bcm through a planned pipeline, The Moscow Times reported citing Turkmen media.

China-Kazakhstan trade turnover to reach US$ 15 billion by 2008: Nazarbaev

President of Kazakhstan Nursultan Nazarbaev met with President of the People’s Republic of China Hu Jintao on August 7, reported Kazinform with reference to President's press office.

Uzbekistan starts fight against illegal imports

Uzbekistan has adopted amendments to legislation to reduce the duty-free imports of essentials by half - from US $50 to US $25.

Kazakhstan businessmen ready to invest in construction of four hydroelectric power stations in Kyrgyzstan

Kazakhstan businessmen are ready to invest in construction of four small hydroelectric power stations on the territory of Kyrgyzstan. General Director of Open Society Chakan, Nurdin Kozhogulov.

International exhibition “Turkmenagro” – 2008 opens in Ashgabat

The first agricultural exhibition and conference of international scale in the history of Turkmenistan "TurkmenAgro - 2008" opened at the "Sergi Kosgi" exhibition center in Ashgabat.

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