Mongolia to Reduce Dependence on the Chinese Market
Quadrupling Mongolia’s rail network will send coal, copper and rare earths to Japan and South Korea under a plan to reduce dependence on the Chinese market and boost economic development by lowering...
View ArticleGeorgia Wants to Double FDI to US$1 Billion
Georgia expects foreign investment to double to US$1 billion this year, with energy and tourism sectors leading the way, its economy minister Vera Kobalia said last Wednesday. Foreign direct investment...
View ArticleMongolians in Korea Celebrate Naadam
Mongolians in South Korea will celebrate their traditional Naadam Festival on June 26 for the first time since the Mongolian diaspora had been formed in the country. The festival will be organized by...
View ArticleUkraine to Confirm Pension Reform for IMF Tranche
Ukraine’s Verkhovna Rada has approved an unpopular pension reform bill set as a key requirement to unlock a US$15.6 billion aid package from the International Monetary Fund to the Ukrainian economy....
View ArticleTurkmenistan Has First Open Trial Since Niyazov Cult Time
Turkmenistan’s Supreme Court has sentenced three central bank officials for bribery at the end of a Niyazov-style open trial, unprecedented under current president Gurbanguly Berdymukhammedov. State...
View ArticleKazakhstan to Raise Export Duties on Oil Products
Kazakhstan’s government has raised export duties on petroleum products, the national press reports. The decree, signed by Prime Minister Karim Massimov on September 5, was published in the national...
View ArticleKyrgyz-Russian Firm to Supply U.S. Air Base in Kyrgyzstan
A Russian controlled Gazpromneft-Aero Kyrgyzstan says it will begin supplying 20 percent of aviation fuel required by a vital U.S. air base in Kyrgyzstan from November. The fuel supply contract was...
View ArticleEBRD to Invest 100 Mln Euros in Kazakhstan’s Economy
The European Bank for Reconstruction and Development (EBRD) is considering financing renewable energy projects – wind farms in particular – in Kazakhstan in 2012, a bank official told reporters. “We...
View ArticleKazakhstan to Join WTO by End of 2012
Kazakhstan expects to enter the World Trade Organization (WTO) by December 2012, KazTAG reported Timur Sulejmenov, vice minister of economic development, as saying. Negotiations on the post-Soviet...
View ArticleBelarusian Gold, Forex Reserves at Record High
After Belarus’ reserves were depleted last year owing to a severe financial crisis, it has achieved the set 2012 target of US$7 billion in forex and gold reserves in the very first week, the National...
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