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.
Kyrgyz presidential candidate Omurbek Babanov's campaign team on October 10 accused election officials of obstructing Babanov’s campaign in favour of a rival candidate, former ... more
The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more
Kyrgyz Deputy Prime Minister Temir Jumakadyrov, 38, was killed in a vehicle accident on October 7 west of the country’s capital Bishkek. The vehicle he was riding in ... more