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Central Asia

IMF highly assesses results of Uzbek economic development

The Board of Executive Directors of International Monetary Fund (IMF) held meeting in Tashkent on July 14 dedicated to discussions of the IMF personnel's report on the outcomes of consultations with the Republic of Uzbekistan in line with the article IV of the IMF Charter in 2008.

Delegation of Chelyabinsk region to visit Turkmenistan

A delegation of Chelyabinsk region will attend the Russian national exhibition in Ashgabat from August 29 to 31, the UralPolit.ru information agency reports.

IFC to help banks in Central Asia develop mortgage lending programs

IFC, a member of the World Bank Group, has launched the Central Asia and Azerbaijan Mortgage Lending Advisory Project, which focuses on serving the banking sector in Azerbaijan, Kazakhstan, Kyrgyzstan, and Tajikistan.

Vimpelcom gets new GSM frequency in Kazakhstan

The Kazakh subsidiary of Russia's Vimpelcom has gained state permission to use the higher-quality GSM-1800 frequency in the Central Asian state, the company said on Monday.

Baltika to invest 15 million euro in Uzbek brewer

Baltic Beverages Holding (BBH) will invest 15 million euro to develop a brewery in Uzbekistan, Yevgeny Shevchenko, general director of the Sarbast Plus LLC, a joint venture in which BBH is the majority owner.

Gazprom agrees to pay more for Turkmenistan gas

Russian gas giant Gazprom has signed an agreement with Turkmenistan raising the price it pays for gas from the Central Asian nation starting in 2009, a company spokesman told AFP on Friday.

Russia will invest in development of Central Asian railways

Russian Railways OJSC will invest 112 billion roubles in development of infrastructure to increase the volume of transportation with Central Asian countries.

Gazprom agrees to pay more for Turkmenistan gas

Russian gas giant Gazprom has signed an agreement with Turkmenistan raising the price it pays for gas from the Central Asian nation starting in 2009.

Iran, Kazakhstan to boost cooperation in power sector

Iran’s Power Industry Syndicate and Kazakhstan's Electricity Grid Operating Company (KEGOC) have signed a memorandum of understanding to boost cooperation, reported Teheran Times.

Tax inspection workers to enlarge budget of Nukus on 227 million sums

Tax inspection workers enlarged city budget of Nukus city on 227 million sums (approximately US $ 172494) from the beginning of this year.

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