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The Central. Asia

The Central. Asia

News from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan
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Month: August 2024

Fitch Ratings upgrades Turkmenistan’s LTFC Issuer Default Rating to ‘BB-‘
Categories Turkmenistan

Fitch Ratings upgrades Turkmenistan’s LTFC Issuer Default Rating to ‘BB-‘

  • By TheCentral.Asia
  • Estimated read time 7 min read
  • August 3, 2024

Fitch Ratings has upgraded Turkmenistan’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) from ‘B+’ to ‘BB-‘. The outlook for this rating is stable. The…

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Tajikistan sets ambitious goal that 5% of its GDP will come from AI-related economic activity by 2040
Categories Tajikistan

Tajikistan sets ambitious goal that 5% of its GDP will come from AI-related economic activity by 2040

  • By TheCentral.Asia
  • Estimated read time 4 min read
  • August 3, 2024

In a report released at a news conference in Dushanbe, Tajik Minister of Industry and New Technologies, Sherali Kabir, on August 1 announced the…

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Kazakhstan’s population rises by nearly 126,000 in half a year
Categories Kazakhstan

Kazakhstan’s population rises by nearly 126,000 in half a year

  • By TheCentral.Asia
  • Estimated read time 1 min read
  • August 3, 2024

As of July 1, 2024, Kazakhstan’s population stood at 20,159,707 people, up 125,867 since the beginning of the year, TheCentral.Asia cites the National Statistics Bureau.…

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Uzbekistan’s car and consumer loan volumes cut by 50% as Central Bank tightens lending standards
Categories Uzbekistan

Uzbekistan’s car and consumer loan volumes cut by 50% as Central Bank tightens lending standards

  • By TheCentral.Asia
  • Estimated read time 2 min read
  • August 3, 2024

Uzbekistan’s Central Bank introduced stricter lending requirements for citizens on July 1, significantly reducing the volume of consumer and car loans. The introduction of…

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Foreign Minister of Kyrgyzstan, EU High Representative for Foreign Affairs discuss regional security issues
Categories Kyrgyzstan

Foreign Minister of Kyrgyzstan, EU High Representative for Foreign Affairs discuss regional security issues

  • By TheCentral.Asia
  • Estimated read time 1 min read
  • August 3, 2024

Foreign Minister of Kyrgyzstan, EU High Representative for Foreign Affairs discuss regional security issues

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Kazakhstan files appeal over boxing judging at 2024 Olympics
Categories Kazakhstan

Kazakhstan files appeal over boxing judging at 2024 Olympics

  • By TheCentral.Asia
  • Estimated read time 2 min read
  • August 2, 2024

The National Olympic Committee (NOC) of Kazakhstan has formally appealed the boxing decision at the 2024 Olympic Games, expressing concerns over the judging standards. The…

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9.2 million tourists visited Kazakhstan in 2023
Categories Kazakhstan

9.2 million tourists visited Kazakhstan in 2023

  • By TheCentral.Asia
  • Estimated read time 1 min read
  • August 2, 2024

A tourist from a non-CIS country spends, in average, $1,500 in Kazakhstan, TheCentral.Asia reports citing the National Bank. Kazakhstan becomes more attractive for Chinese citizens…

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Turkmenistan, Turkey discuss construction combined cycle power plant, to facilitate electricity export
Categories Turkmenistan

Turkmenistan, Turkey discuss construction combined cycle power plant, to facilitate electricity export

  • By TheCentral.Asia
  • Estimated read time 2 min read
  • August 2, 2024

President of Turkmenistan Serdar Berdimuhamedov received the Minister of Energy and Natural Resources of Turkey, Alparslan Bayraktar, to discuss the prospects of strengthening bilateral…

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Amonatbonk’s non-performing loans ratio reportedly reduced to 10 percent
Categories Tajikistan

Amonatbonk’s non-performing loans ratio reportedly reduced to 10 percent

  • By TheCentral.Asia
  • Estimated read time 1 min read
  • August 2, 2024

Alijon Salimzoda, Head of Amonatbonk (Tajikistan’s savings bank) told reporters in Dushanbe on August 2 that Amonatbonk’s loan portfolio has stood at 2.4 billion…

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Tariffs on electric vehicles should be equalised with those on hybrid vehicles, says Chairman of Uzbekistan’s CCI
Categories Uzbekistan

Tariffs on electric vehicles should be equalised with those on hybrid vehicles, says Chairman of Uzbekistan’s CCI

  • By TheCentral.Asia
  • Estimated read time 2 min read
  • August 2, 2024

The Technical Director of the Jizzakh Battery Plant has suggested implementing a fee for the utilization of batteries imported into Uzbekistan. This proposal has…

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