The Asian Development Bank in its flagship report Asian Development Outlook 2013 expects general improvement in Central Asian economies. The bank expects GDP growth in Kyrgyzstan to grow by 5.5% in 2013 (lower than 7% projected by the government) after economy contracted 0.9% last year. In case of Tajiksitan, the ADB expects GDP to slow to 6.5% in 2013 and 6% in 2014 from 7.5% seen in 2012. The bank noted that joining the WTO last year would provide opportunities for the country. Turkmenistan's GDP is projected to grow by 9% in 2013 and by 8% in 2014, down from 11.1% seen in 2012. The bank expects growth to be driven by higher oil and gas output in coming years. Uzbekistan's GDP is projected to increase by 7.5% in 2013, and by 8% in 2014.This would be below last year's indicator of 8.2%. The ADB noted that a more sophisticated and diversified industrial and export base is needed to sustain growth and expand employment.
The Asian Development Bank’s (ADB’s) Asian Development Outlook anticipates a general slowdown across the Central Asian region, with the exceptions of Uzbekistan, where the development bank ... more
Kyrgyzstan's government has decided to privatise the Fund for State Property Management-owned Air Kyrgyzstan. The authorities hope to sell a 51% stake in the flag carrier to a ... more
Ex-president of Kyrgyzstan Almazbek Atambayev on March 31 had his leadership of the Social Democratic Party of Kyrgyzstan (SDPK) reinstated for the first time since 2011, when he suspended his time ... more