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.
Turkey on November 14 pledged to continue "to support the cause" of the Meskhetian Turks, who were deported in cattle trucks from Georgia to Central Asia under Soviet dictator Josef Stalin. In a ... more
The Kyrgyz government has opted against including state-owned mobile operator Alfa Telecom in its submitted draft privatisation programme for 2018-2020. It appears to have given up on the sell-off of ... more
The International Monetary Fund (IMF) has revised up its 2018 growth projection for Kazakhstan by 0.5pp to 3.7% in the October 2018 edition of its World Economic Outlook. The revision reflects ... more