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Uzbekistan uses investments for US$5.9bn in 1H 0

us_dollarsSource:Uzbekistan Daily

Total volume of investments into fixed capital in Uzbekistan made up over 12.08 trillion soums in national currency in January-June 2013, which rose by 10.5% year-on-year, the State Statistics Committee of Uzbekistan said.

In the US dollar equivalent, the figure made up US$5.9 billion with the growth rate of 11.5% year-on-year, the committee said. More…

World Bank allocates $25,000,000 to Kyrgyzstan 0

worldbankSource: 24.kg
By Darya Sytenkova

The World Bank allocated to Kyrgyzstan $25,000,000, press service of the Kyrgyz Ministry of Finance informed.

Financing agreement was signed by the Kyrgyz Minister of Finance Olga Lavrova and the World Bank Regional Director for Central Asia Saroj Kumar Jha. More…

Kazakhstan to lower corporate income tax 0

Kazakh Min of Econ IntegrationSource:Tengrinews

Kazakhstan mulls lowering corporate income tax from 20 to 15 percent in 2014, Tengrinews.kz reports citing the participants of the forum on the Customs union and accession into the WTO. More…

Georgian PM commented on his statement on Eurasian Union 0

IvanishviliSource:Trend.Az

Georgian Prime Minister Bidzina Ivanishvili has commented on his recent statement on the Eurasian Union.

“I was given an opportunity to become familiar with responses to my press conference and I will say sincerely that I was surprised by the speculation around my answer concerning the Eurasian Union. It is surprising what caused such assessments of some politicians while since the first day of my entry into politics, me and my political team made statements on the country’s main strategic policy for 100 times and here prior to the press conference, I noted that the cornerstone of Georgia’s foreign policy is integration to the EU and Euro-Atlantic space,” the Prime Minister stressed. More…

China’s Xi, Turkmen leader unveil massive gas field 0

China_Turkmenistan_presidentsSource: The Business Standard

Chinese President Xi Jinping and his Turkmen host today launched production from the world’s second-largest gas field in Turkmenistan in the latest sign of Beijing’s growing presence in Central Asia.

“The implementation of this project is a bright testament to cooperation between the two countries in the energy sphere,” said Turkmen leader Gurbanguly Berdymukhamedov at the vast Galkynysh (Renaissance) gas field that is being jointly developed with China. More…

A Chinese company is going to invest $500 million into Tajik economy 0

chinatajikSource: ASIA-Plus

Amer International Co. LTD is going to invest approximately $500 million into various sectors of Tajik economy.

The Investment Committee press office reports that Tong Jang, vice-president of the Chinese company, told about this during his meeting today with the Head of Tajikistan’s Investment Committee, Davlatali Saidov. More…

Syrdarya thermal power station carries out capital reconstruction 0

electricity_lineSource: Uzbekistan Daily

Syrdarya thermal power station carried out capital reconstruction and installed new innovative technologies.

This helped to increase production of electricity and ensure uninterrupted supply of power to all sectors of economy, UzA reported. More…

Mining industry workers to hold mass demonstration in Bishkek 0

kyrgyzprotesterSource: 24.kg

Workers of the mining industry will hold mass demonstration in Bishkek, Mining and Smelting Committee informed.

According to the committee, protest march of mining workers will take place on September 6. In such a way people want to attract the attention of authorities and the public to the problems of the mining and metallurgical industry, in particular, Kumtor mine. The demonstration is not politically oriented. Miners will come out with the slogan: “Give us a chance to work and earn money!”. More…

Dubai Investments eyes growth in Kazakhstan, region 0

Dubai_Investment_new_sizaSource: Albawaba Business

Dubai Investments PJSC [DI], the largest investment company listed on the Dubai Financial Market [DFM], is targeting growth in Kazakhstan and neighbouring countries. This is being reinforced through its aggressive participation in KazBuild 2013, the leading construction trade exhibition which commenced yesterday in Almaty, Kazakhstan. More…

New finds doubled Azerbaijan's gold reserves in past years 0

goldnuggetsSource:Azernews

Gold reserves have doubled in Azerbaijan due to deposits found in recent years, Ecology and Natural Resources Minister Huseyngulu Baghirov said in an interview to the official website of the ruling New Azerbaijan Party on September 4.

Baghirov said major advances in geological exploration work have been achieved in the last ten years. 192 deposits of various profiles were put on the balance in 25 regions of the country. More…

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