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East Asia
Goods to be delivered from India to Europe within 14 days
With the railway corridor connecting India to Europe, we will soon be able to deliver goods along this route in no more than 14 days, chairman of Azerbaijan Railways, Javid Gurbanov said in his interview with The Business Year. He talked about the International Trans-Caspian route from China to Baku…
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Central Asia
Kazakhstan redirecting foreign investments for industrialization
This year Kazakhstan will implement seven projects totaling $237 million with the participation of anchor investors and transnational companies, such as JAC, Hikma, Carmeuse Group, Cremonini, Peugeot, Citroёn, IVECO, and Tenaris, in the pharmaceutical, chemical, agro-processing, mining, metallurgical, and construction industries, Kazakh Minister for Investment and Development Aset Isekeshev said…
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West Asia
Deputy PM: Dependence on Russian gas is a big risk for Turkey
Turkey’s Deputy Prime Minister Mehmet Simsek said that dependence on Russian gas supply is a big risk for Turkey, Trend News Agency reports. He made the remarks during a meeting on “Changing dynamics of energy supply security, resource diversification and regional integration” held as part of the General Assembly of…
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East Asia
South Korea to construct terminal at Tashkent airport
South Korea will construct a new terminal of Tashkent International Airport (Tashkent-4) by the end of 2019. Representatives of the Korea International Cooperation Agency (KOICA) have presented official results of a feasibility study for the terminal’s construction in Tashkent, said the press service of the Uzbek Embassy in Kyrgyzstan. Preparation…
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Central Asia
Turkey wants to normalize relations with Russia
Turkey stands for normalization of relations with Russia, Vural Altay, the Turkish Foreign Ministry’s representative for Eastern Europe, told Trend agency on May 17. He told the current crisis between the two countries is in favor of neither Russia nor Turkey. “Turkey has not closed diplomatic channels in order to restore…
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Central Asia
Baku-Tbilisi-Kars railway to open this year
Baku-Tbilisi-Kars railway will be ready this year, stated by Prime Minister of Azerbaijan Artur Rasizade, Azerbaijani media reports. Baku-Tbilisi-Kars railway is being constructed on the basis of an agreement between Georgia, Azerbaijan and Turkey. Its total length is 826 kilometers. After the railway will start functioning, it is expected that…
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East Asia
LG to produce electric car for Iran
LG Group will produce the electric car for the Iranian market. LG and the Iranian government recently signed an agreement for the development. The agreement only lays out the issues in broad strokes and is to be followed a proper contract later, the Chosun Ilbo reports. An LG Corp. staffer…
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South Asia
Iran to build wind farm in Kazakhstan
Iran will construct a wind park in Kazakhstan to generate electricity. The agreement was signed between Iran’s Power and Water Equipment & Services Export Company (SUNIR) and Eurasia Invest Group in Tehran on May 14, PressTV reports. According to the agreement, Iran will establish a 50-megawatt wind power plant in…
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East Asia
Russian export to ASEAN market will rise to 10% by 2020
Pyotr Fradkov, Chief Executive Officer of the Russian Export Center said that the center forecasts Russian export to ASEAN countries will grow from 1.5% to 10% by 2020. “Now we have 1.5% on the market but I believe 10% will be a decent share. It’s fairly achievable by 2020,” he…
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South Asia
Tajikistan, Kyrgyzstan, Afghanistan, Pakistan inaugurated CASA-1000 project
The $1.7 billion CASA-1000 project was inaugurated among Afghanistan, Pakistan, Tajikistan and Kyrgyzstan in Dushanbe on May 12. Tajik President Emomali Rahmon, Afghan Chief Executive Abdullah Abdullah, Pakistani Prime Minister Nawaz Sharif, and Kyrgyz Prime Minister Sooronbai Jeenbekov attended the inauguration. RFERL reports that the CASA-1000 provides a 1,222-kilometer power-transmission…
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