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 court officials on December 19 raided the independent NTS television station, owned by opposition politician Omurbek Babanov, the runner-up in October’s Kyrgyz ... more
Kyrgyzstan is to withdraw its complaint filed with the World Trade Organization (WTO) over Kazakhstan’s moves to tighten controls on the Kazakh-Kyrgyz border introduced in ... more
Kyrgyzstan on November 24 inaugurated Sooranbai Jeenbekov as its new president. Jeenbekov replaced Almazbek Atambayev, who was constitutionally barred from ... more