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Central Asia news

Uzbekistan: city dwellers are rounded up for cotton harvesting

Uzbekistan: city dwellers are rounded up for cotton harvesting

15.09.2006 14:43 msk Business

Uzmetronom.com reports that schoolchildren, students, and clerks from Tashkent and Tashkent region are rounded up and dispatched to cotton harvesting.

Most money is transacted from Russia by Uzbek gastarbeiters

Most money is transacted from Russia by Uzbek gastarbeiters

30.08.2006 09:30 msk Business Russia

According to the Russian Central Bank, individuals transacted $210 million from Russia to Uzbekistan in the second quarter of 2006.

Uzbek authorities arrest Zeravshan-Newmont assets

Uzbek authorities arrest Zeravshan-Newmont assets

04.08.2006 14:09 msk Business

Uzbek tax structures arrested assets of Zeravshan-Newmont, a joint venture where 50% belong to Newmont, the second largest producer of gold in the world. INTERFAX quotes its sources as saying that "the authorities do not permit the loading of gold for transportation out of Uzbekistan. In fact, some

Newmont allows for withdrawal from the American-Uzbek joint venture

Newmont allows for withdrawal from the American-Uzbek joint venture

02.08.2006 15:16 msk Business

"The company is studying every available option that will enable it to get its money back, even including the sale of assets and appeals to international courts of arbitration," a spokesman for Newmont said. "Uzbek courts ruled in June 2006 that the joint venture owed the Uzbek state $48 million by

Tajikistan is out to build 60 small hydroelectric power plants in the near future

Tajikistan is out to build 60 small hydroelectric power plants in the near future

02.08.2006 15:02 msk Business Tajikistan

The Tajik Ministry of Energy charted a long-term program of construction of small hydroelectric power plants. Domestic and foreign investments will be used in implementation of the program. The document stipulates construction of 60 small hydroelectric power plants (totalling 77,000 kwt, expected ou

Real estate prices in Tashkent rose 2.5 times in six months

Real estate prices in Tashkent rose 2.5 times in six months

26.07.2006 12:43 msk Business

© Graphs provided by SKS Consulting, one of the leading real estate agencies in Uzbekistan.

Farmers in Namangan buy wheat at 200 sums to sell it to the state at 108

Farmers in Namangan buy wheat at 200 sums to sell it to the state at 108

26.07.2006 12:39 msk Business

"I wish I were anyone but a farmer," this is a general disposition in kishlaks [settlements] of the Namangan region nowadays. Farming is a dangerous pastime here. The state expects a certain wheat quota from every farmer and the state does not tolerate failure lightly. Whoever fails to meet the quot

Uzbekistan: presidential decree on privatization of land plots

Uzbekistan: presidential decree on privatization of land plots

26.07.2006 12:36 msk Business

President Islam Karimov signed Decree "On privatization of land plots under buildings belonging to organizations and individuals" on June 24, 2006.

Uzbekistan abolished tax remissions for some enterprises with foreign capitals

Uzbekistan abolished tax remissions for some enterprises with foreign capitals

21.07.2006 08:27 msk Business

Uzbek newspapers published a list of companies with foreign capitals no longer entitled to tax preferences. The Cabinet passed a special resolution on that score on July 7.

Russia will increase areas under cotton on the Lower Volga

Russia will increase areas under cotton on the Lower Volga

05.07.2006 10:34 msk Business

Advanced members of international organizations including the World Trade Organization will abolish direct and indirect cotton subsidies by autumn 2006. It will make raw cotton more expensive, and Russia that is exporting cotton by 80-85%, is directly affected. Central Asian cotton comes to Russia v

Kashagan oil field: beginning of oil production postponed

Kashagan oil field: beginning of oil production postponed

29.06.2006 17:19 msk Business

Beginning of oil production on Kashagan is postponed until 2009 or even 2010 from 2008, Kazakh Energy Minister Baktykoja Izmuhambetov said. Kashagan is to become one of the principal providers of oil for the Baku-Tbilisi-Jeihan pipeline, the project Kazakhstan officially joined earlier this month. "

Secret services watch over every Uzbek farmer when harvesting is under way

Secret services watch over every Uzbek farmer when harvesting is under way

28.06.2006 11:50 msk Business

Harvesting continues in the Namangan region. Specialists say that the crop of wheat is disappointing again, way below the last year yield. According to a source in the regional administration, the crop capacity was 60-70 centners a hectare in 2005. This year, however, the farmers who collect 50 cent

Uzbekistan has tallied its natural gas reserves

Uzbekistan has tallied its natural gas reserves

26.06.2006 16:38 msk Business

According to the Institute of Geology and Survey of Oil and Gas Fields of the national holding Uzbekneftegaz, Uzbekistan has natural gas for another 31 year at this production rate. Known oil reserves will last Uzbekistan almost 22 years, and condensed gas reserves up to 25 years.

Uzbek National Security Service is running a check of transactions from abroad

Uzbek National Security Service is running a check of transactions from abroad

26.06.2006 16:37 msk Business

Citizens of Uzbekistan encounter problems trying to receive the money transacted from abroad.

Cogema of France is after Uzbek uranium

Cogema of France is after Uzbek uranium

21.06.2006 11:47 msk Business

The document "On development of cooperation between the Republic of Uzbekistan and the French Republic" the Uzbek president signed the other day states that the government will discuss the uranium purchase request from Cogema.

Gazprom bought over 100 gas stations in Kyrgyzstan

Gazprom bought over 100 gas stations in Kyrgyzstan

21.06.2006 11:35 msk Business

Following its rivals, Gazprom Oil (the former Sibneft) bought a retail network abroad - over 100 gas stations in Kyrgyzstan. The purchase cost it almost $100 million. Experts point out that the Russian company paid a lot for the ticket into a not particularly broad market.

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