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Posts tagged with Economic

  1. US Slashes Aid Programmes

    27 May 2017

    27/05/17  The newly proposed US budget if implemented will cut programme funding in Central Asia and the Caucasus by over 50%, reducing funding from $218.1million in 2016 to $93.1 million in 2018. Kyrgyzstan, the second largest recipient of US programmes in the region after Georgia, will see a drop-in funding…

  2. Tajik & Turkmen Anti-Corruption Drive

    27 May 2017

    26/05/17 Tajikistan and Turkmenistan have seen multiple officials arrested in a new corruption drive by both nations. However, it has hard to believe that these actions are driven by a genuine desire to tackle corruption, instead the drivers behind the action are less obvious and more speculative and it has…

  3. Uzbek & Turkmen Accent to Energy Plans

    25 May 2017

    25/05/17  Uzbekistan’s and Tajikistan’s relationship continues to improve with both sides reaching agreement on multiple energy infrastructure projects. The proposed projects will be a boon for regional relations, which have seen a marked improvement since the death of Uzbek strongman President Karimov. The main projects include plans to develop new…

  4. 05/05/17 – Tajikistan’s Banks in Trouble

    08 May 2017

    The Tajik banking sector continues to struggle as Agroinvestbank, Tajikistan’s largest lender, has been forced to limit the amount of cash customers can withdraw to 500 somoni ($58). Agroinvestbank is not alone, Tojiksodirotbank, Fononank and Tojprombank banks have and are suffering withdrawal limits, with the latter two banks losing their…

  5. 03/05/17 – Russia Cancels Kyrgyz Debt

    08 May 2017

    Russian Prime Minister Dmitry Medvedev approved a decree that cancelled $240mln of Kyrgyz debt. The debt itself was from a $2bln Russian loan made to Kyrgyzstan in 2009 which was designed to support the construction of the now stalled Kambar-Ata hydro-power station. This debt cancellation is the latest amount cancelled…

  6. 27/04/2017 - Kazakh Banks Recover

    08 May 2017

    Fitch Ratings has declared that the outlook for the Kazakh banking sector will keep improving if the government continues to focus on increasing asset quality, while the economy recovers due to a slight increase in oil prices. However, the Kazakh finance sector remains far from stable and will be subject…

  7. 11/04/2017 - First UK-China Freight Train

    12 Apr 2017

    The first freight train has left the UK and will begin its 3-week journey to China, cutting the journey time by a half when compared to shipping times. The train will travel through France, Belgium, Germany, Poland, Belarus, Russia and Kazakhstan before entering China. However, the containers will have to…

  8. 04/04/2017 - Uzbekistan-Russian Trade & Gazprom

    05 Apr 2017

    Uzbek President Shavkat Mirziyoyev signed 16 bilateral agreements worth $3.5 billion dollars during his visit to Moscow. The agreements come on the back of the ongoing positive discussions between the Uzbek government and Gazprom last month, where the two sides agreed terms for supplying Gazprom with natural gas for 5…

  9. 23/03/17 - Uzbekistan-Kazakhstan - Trade Deals

    27 Mar 2017

    Presidents Nazarbayev and Mirziyoyev signed 92 commercial agreements worth $840 million at a Kazakhstan-Uzbekistan business forum in Astana. The declaration shows a marked improvement in relations since the death of Uzbek leader Karimov. The last quarter of 2016 saw a 30% increase in trade between the two nations. Further agreements…

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