CENTRAL ASIA

The Middle Corridor may become more competitive compared to the Northern Corridor.

This is what Iain Rawlinson, commercial director of the company “APM Terminals Poti”, which manages the Georgian port of Poti, told “Trend”.

„Therefore, to make the Middle Corridor remain competitive when the hostilities in Ukraine end and the situation in the region normalizes, it will need its exceptional efficiency in creating transparent rail and sea transport links“, he said.

TRACECA will conduct a study tour on the possibility of increasing trade on the route "Central Asia - European Union" through the ports of the Caspian and Black Seas, the TRACECA administration announced on Thursday - May 12, 2022.

According to a source from TRACECA, the trip will last from 16 to 24 May 2022.

This week, Artel Electronics LLC (Artel), Central Asia’s largest home appliance and electronics manufacturer, has become an official participant of the United Nation Global Compact (UNGC). Launched in 2000, the UNGC is a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices. Artel becomes Uzbekistan’s third company to participate.

Kazakhstan’s Prime Minister Askar Mamin has met with Executive Vice-President of the European Commission for an Economy that Works for People, European Commissioner for Trade Valdis Dombrovskis in Bishkek, capital of Kyrgyzstan, reports Kazinform.

During the meeting, the parties discussed issues of cooperation between the European Union and the countries of Central Asia.
The Kyrgyz capital is preparing to host the first International Economic Forum “European Union - Central Asia” (EU-CA).

The Iranian parliament has ratified a draft trade and economic agreement (convention) with the Caspian littoral states, the information portal of the Iranian parliament reports.

Source: https://en.trend.az/azerbaijan/politics/3506995.html

Türkmengaz State Concern, the national natural gas company of Turkmenistan, has paid off its entire debt to China. The loans were used for the implementation of projects aimed at the construction of the Turkmenistan-China gas pipeline and phased development the world's largest gas field, Galkynysh.

Deputy PM of Kazakhstan - Foreign Minister Mukhtar Tileuberdi stated that strengthening of mutual beneficial cooperation with Hungary is of importance for Kazakhstan.

The European Bank for Reconstruction and Development (EBRD) and Kazakhstan have agreed to develop a long-term cooperation strategy to achieve carbon neutrality of the country’s power sector by 2060. The accord will further cement Kazakhstan's status as a regional renewable energy leader in Central Asia.

The roadmap for the decarbonisation strategy was signed by Kazakhstan’s Minister of Energy Nurlan Nogayev and by EBRD President Odile Renaud-Basso on March 31st, 2021, during her first visit to Central Asia’s largest state.

Azercosmos - operator of the Azerspace-1 & Azerspace-2 satellites together with Belgian satellite service provider SatADSL, are pleased to announce a new partnership agreement. Under the new agreement, SatADSL, thanks to it’s Cloud-based Service Delivery Platform (C-SDP), will provide accessible and reliable internet access using the Central Asian beam of the Azerspace-1 satellite.

Ensuring the flow of goods between members of Cooperation Council of Turkic-Speaking States (Turkic Council) will be a priority in the future, Head of Analysis at PRISM Political Risk Management Ltd Benjamin Godwin stated.

On Apr. 10, 2020, an extraordinary Summit of the Turkic Council was held through videoconferencing. The Summit focused on the fight against the coronavirus pandemic.