More than 200,000 people in the Kyrgyz Republic will benefit from the improved efficiency and quality of heating during cold winter months, thanks to the Heat Supply Improvement Project, approved today by the World Bank’s Board of Executive Directors. The project will be financed by the combination of a US $23 million credit and a US $23 million grant.
Times of Central Asia: Business associations of Kyrgyzstan on October 20 urged domestic cargo carriers to refrain from crossing the Kyrgyz-Kazakh border in order not to increase the queues at checkpoints.
In Kazakhstan, extreme poverty has been virtually eradicated, while the middle-class has grown to around 20% of the population. The Kyrgyz Republic and Tajikistan have managed to halve their rates of poverty over the past decade and are continuing to make progress. In Uzbekistan and Turkmenistan, poverty is now mostly a rural phenomenon. These hard-earned success stories are a testament to what can be accomplished when the benefits of economic growth are shared more broadly across society.
Azernews: Energy-rich Kazakhstan, which strives to increase its gas export and transit potential, has launched its gas supplies to China on October 16.
ABC News: Turkmenistan's president on Tuesday ordered an end to free natural gas, electricity and water, which residents of the ex-Soviet nation have enjoyed for a quarter century.
Foreigners can own 100% of a Kazakhstan LLC (Limited Liability Corporation). Most international firms do business in the oil & gas, manufacturing, tourism, and tech industries. Companies which invest in “strategic sectors”, which all the aforementioned industries are part of, get generous tax incentives.
azernews.az The multi-billion dollars worth of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project initiated by the energy-rich Central Asian nation of Turkmenistan which strives to expand its gas export routes is progressing slowly but surely.
TASHKENT — The World Bank is discussing with Uzbekistan the details of support for reforms implemented by President Shavkat Mirziyoyev’s government, the global lender said on Saturday.
Kazakhstan ranked 57th, Tajikistan 79th and Kyrgyzstan 103rd in the Global Competitiveness Index 2017–2018. Turkmenistan and Uzbekistan have not been listed.
worldview.stratfor.com: The countries of Central Asia are not known for rapid change or substantial reform, but Uzbekistan is experiencing both. Until his sudden death from a brain aneurism in 2016, Uzbekistan had been ruled through a centralized government headed by Islam Karimov, president since the country declared independence from the Soviet Union in 1991. Under Karimov, Uzbekistan was highly isolationist, eschewing strategic alignments with foreign powers and engaging in bitter disputes with its Central Asian neighbors over border demarcation and water rights. A pervasive security apparatus controlled the country domestically, while the economic and monetary systems were tightly regulated and largely closed to foreign investment.