On this page we inform our readers about the latest economic news on Central Asia.

You may also consult our page for News about University Campuses projects around the World.
20 May Russia: “No Plans” to Close Kyrgyz Airbase
VORONEZH (RIA Novosti) – No decision has been made to withdraw the Russian airbase from the town of Kant, Kyrgyzstan, an aide to the Russian defence minister said on Thursday.>>
⇒20 May OSCE Supports co-Operation of Border and Customs Officers from Tajikistan and Kyrgyzstan
DUSHANBE (Press release) – A three-day OSCE workshop on the detection and identification of forged documents for Border Troops and Customs Services from Kyrgyzstan and Tajikistan concluded in Dushanbe today. >>
⇒19 May ArcelorMittal’s Workers in Kazakhstan Demand Salary Hike
ALMATY (Associated Press) – Workers at a Kazakhstan plant owned by steel giant ArcelorMittal have held a demonstration to demand higher salaries.>>
⇒19 May S. Korean Venture Inks $2.5 Bn Uzbek Gas Deal
TASHKENT (AFP) – A South Korean joint venture in Uzbekistan said Saturday it had secured a $2.5 billion credit line to build a new chemical and gas production unit by 2016.>>
⇒18 May S&P Rates Uzbekistan-Based Turkiston Bank
On May 17, 2012, Standard & Poor’s Ratings Services assigned its ‘B-’ long-term and ‘C’ short-term counterparty credit ratings to Turkiston Bank. The outlook is stable.>>
⇒18 May India Authorizes to Sign TAPI Gas Sales and Purchase Pact
NEW DELHI (RTTNews) – The Indian Cabinet allowed state-run gas-firm GAIL (India) Ltd to sign the Gas Sale and Purchase Agreement or GSPA with TürkmenGaz, Turkmenistan’s national oil company, for the $7.6 billion TAPI Gas pipeline project. Next week,...>>
⇒17 May CASA-1000: Afghanistan Assures Security of the Electricity Transport
DUBAI (Daily Times, Zeeshan Javaid) – Under the head of Central Asia, South Asia (CASA-1000) electricity trade, Afghanistan has assured complete security for the project of electricity transmission of 1,000 megawatts (MW) of surplus electricity from...>>
⇒17 May TAPI Price Deal Seems to Be Closed
KABUL – Meshrano Jirga, or upper house of parliament of Afghanistan, approved the agreement on a gas pipeline running from Turkmenistan through Afghanistan to Pakistan and India.>>
⇒17 May Kazakhstan Launches Contest for National Superhero
ASTANA (RIA Novosti) – Kazakhstan has announced a contest to create an image of a national superhero who will be named after the Central Asian country’s capital, Astana, the capital’s web site reported on Wednesday.>>
⇒17 May Exhibition of Leather, Footwear, Apparel and Accessories Opened at Uzkurgazmasavdo
TASHKENT (UzA, Sayyora Shoyeva) – The second International exhibition of leather, footwear, apparel and accessories opened at Uzkurgazmasavdo complex. About 100 companies from nearly 10 countries are representing their products at the exhibition...>>
⇒17 May 20 Years on, CSTO Focuses on Threats to Central Asia
(RIA Novosti, Konstantin Bogdanov) – With its membership now stable, the Collective Security Treaty Organization has shifted its focus to resolving conflicts and dealing with terrorist threats in the post-Soviet space, predominantly in Central Asia.>>
⇒17 May Tethys Petroleum Limited: New Oil Field Acquired
TASHKENT (Press release)– Tethys Petroleum today announced Chegara Production Limited (CPL), its 100% owned subsidiary, has signed a Production Enhancement Contract (PEC) for a new oil field, the Chegara Group of Fields, in Uzbekistan. In addition...>>
⇒16 May Tajik Airlines to Start Flights to Pakistan
KARACHI (Pakistan Daily Times) – Major breakthrough in bilateral trade relations between Pakistan and Tajikistan is in the offing as Tajik Airlines is starting its flight operation from Dushanbe to Islamabad from next month. This was stated by...>>
⇒11 May Tajik Aluminium Output Falls 11.6%
DUSHANBE (Reuters) – Tajikistan Aluminium Company, or TALCO, produced 97,863 tonnes of the metal in January-April 2012, or 11.6% less than in the same four months last year, a source close to the company's management told Reuters on Friday.>>
⇒10 May BTA Says Court Approves Debt Deal
ALMATY (Reuters) – A court in Kazakhstan has approved a draft debt restructuring plan filed by troubled bank BTA and granted legal protection for its successful completion, the bank said on Thursday.>>
⇒09 May Ratification of Production Sharing Agreement in Tajikistan
BAAR, Switzerland (Press release) – Manas Petroleum Corp. announced today that on May 7, 2012 the Production Sharing Agreement (PSA) between the Government of the Republic of Tajikistan and Joint Closed Stock Company Somon Oil, a 90% subsidiary of...>>
⇒09 May Uzbekistan to Get ¥202 Million in Aid from Japan
(Kyodo) – Japan will provide ¥202 million in grant aid to Uzbekistan over three years from this April to help the Central Asian republic develop human resources, the Foreign Ministry said Monday.>>
⇒08 May IMF Approves $20.2 Million Disbursement for Tajikistan
WASHINGTON (IMF press release) – The Executive Board of the International Monetary Fund (IMF) has completed its sixth review of Tajikistan’s economic performance under a program supported by the Extended Credit Facility (ECF) arrangement. The...>>
⇒06 May Kazakhmys’ Miners Go on Strike for Higher Wages
ALMATY (Reuters) – Copper miners in Kazakhstan went on strike on Saturday, staying inside a mine owned by Kazakhmys to demand higher wages from their employer in a move likely to unnerve authorities in the Central Asian state just months after...>>
⇒05 May Turkmenistan TV Equips State-of-the-Art TV Tower With Complement of Wohler Monitoring Gear
Wohler Technologies today announced that the state-of-the-art broadcast facility, newly opened in Ashgabad, is being equipped with a range of Wohler audio and video monitoring, switching, and processing systems. Provided by Wohler dealer Radikal...>>
⇒05 May Russia, Kazakhstan Sign Helicopter Repair Deal
MOSCOW (RIA Novosti) – Russia and Kazakhstan signed an agreement on Saturday to provide after-sale services and repair of Russian helicopters in the Central Asian country.>>
⇒05 May S&P Rates Uzbek Ipoteka Bank B+/B
In the Satndanrd & Poor’s opinion, Uzbekistan-based JSCM Ipoteka Bank has an adequate business position, adequate capital and earnings, a moderate risk position, average funding, and adequate liquidity.>>
⇒05 May Tajikistan Tries New Methods to Curb Islamism
KHUJAND (Central Asia Online, Negmatullo Mirsaidov) – Eighteen months after a major terror attack, Tajikistan has taken steps to fight extremism through programmes that aim to keep youth out of the hands of radicals. But the task is challenging, as...>>
⇒04 May Xtract Energy Exits Kyrgyzstan Joint Venture
(Press release) – Xtract Energy (LON:XTR) announced it has pulled out of its joint venture in Kyrgyzstan, which will allow previously committed funds to be diverted to other investment opportunities. The company held 25% of Zhibek Resources, which...>>
⇒03 May Russian MTS Returning to Turkmenistan
MOSCOW (The Associated Press) – Cellular operator Mobile TeleSystems says it is returning to the isolated Central Asian nation of Turkmenistan almost 1½ years after its operations in the country were suspended.>>
⇒02 May Japan, Kazakhstan Agree to Expand Joint Rare Earth Development Project
ASTANA (Kyodo) – Japan and Kazakhstan agreed Tuesday to expand their countries’ joint rare earth development project and promote their cooperation in radioactive decontamination. The agreement came at talks between Japanese industry minister Yukio...>>
⇒01 May Afghan Foreign Minister in India to Boost Strategic Partnership
NEW DEHLI (Hindustan Times) – India and Afghanistan are looking to revamp their intelligence sharing system after the recent multiple strikes by Taliban in Kabul and other parts of Afghanistan, Indian media reported on Monday.>>
⇒01 May Gazprom to Acquire 75% of KyrgyzGaz
MOSCOW (Kommersant) – Russian Gazprom has a plan to acquire 75% of the KyrgyzGaz, a company that controls all transportation and distribution of natural gas in Kyrgyzstan, in August 2012. Kyrgyz leaders hope to import Russian gas and to have Gazprom...>>
⇒30 Apr Bangladesh-Uzbek Officials to Discuss Cotton Trade
DHAKA (Fibre2fashion) – A team of Bangladesh Government officials and businessmen, led by Commerce Secretary Md. Ghulam Hussain, will visit Uzbekistan next month to discuss import of cotton from the CIS country.>>
⇒28 Apr Bishkek to Host Discovery Central Asia Travel Forum 2012
Central Asian government agencies, tourism operators, hotel and catering sector representatives, and education institutions and experts from North America, Europe, South Asia, and whole Central Asia are gathering at the Discovery Central Asia Travel...>>
⇒