Development

Regional Business Updates

Friday May 14th, 2010
No Comments Reported by Michael Druckman

CaspianRegional business updates from around the region:

Kyrgyzstan:  Closed borders continue to hamper trade and in particular the regional shuttle trade that supplies local bazaars and small businesses.  Currently Kazakhstan is allowing trains to pass through its territory towards “third party destinations.”  Continued unrest in the South of Kyrgyzstan may prolong this economic isolation.

Kazakhstan:  According to Kazakhstan Today, Kazakhstan has a defecit of raw materials in certain growing sectors. This includes the manufacturing and agricultural sectors.  Please visit Kazakhstan Today for more information on this possible developing new market.  

Tajikistan: Mobile phone usage enters a period of limbo in Tajikistan.  Following the removal of all advertisements for mobile phone service operators overnight this past week, local media is reporting on the potential dangerous effects of using a mobile phone. 

According to Radio Free Europe, it appears as of May 13 however that the government is now reversing this decision and will allow mobile phone advertisers to continue to advertise in Dushanbe and Tajikistan.

UzbekistanSouth Korea and Uzbekistan have begun to jointly investigate the feasibility of devoloping wind farms in Uzbekistan.  South Korea’s Doojin Co. Ltd and Uzbekenergo have installed a test mill in the Charvak region of Uzbekistan to gauge wind speeds.  Similar conditions have been observed in other regions of the country, and combined with the estimated energy savings, could point to the development of renewable energy wind farms on the territory.

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    The Caspian Business Journal is a new online publication providing actionable business information to investors, decision makers, entrepreneurs and those with an active interest in the greater Caspian Sea region. Read More »

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