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News: December 2007

NEW AGRICULTURAL NEWSPAPER "BLESSED SOIL" LAUNCHED IN TURKMENISTAN

A new newspaper titled Bereketli Toprak (Blessed Soil) will be launched in Turkmenistan, Turkmen President Gurbanguly Berdimuhamedov announced at a government meeting held early this week. The newspaper will cover rural life, problems and achievements of the national agricultural-industrial complex. As the Turkmenistan.ru's correspondent reports, Allamyrat Esenov has been appointed editor-in-chief of the newly created newspaper by a decree of the head of state.

Source: Turkmenistan.ru, 21.12.2007

TURKMENISTAN ANNOUNCES RESULTS OF ECONOMIC DEVELOPMENT IN 2007

Major indexes of economic development of Turkmenistan in 2007 were announced at a government meeting on December 18.

According to the report by minister of economics and finances of Turkmenistan Hojamyrat Geldimyradov, the gross value of the products produced in the country is expected to exceed Manat 180 trillion in 2007, up 21% on 2006.

Growth is expected to total 126.6% in industry, 119% in agriculture, 120.9% in construction and 120.5% in transportation and communications. Thus, GDP growth will total 111.6%.

The total value of investments in 2007 will amount to Manat 23.1 trillion, up 13.6% on 2006. Inflation is not expected to exceed 6% at the end of 2007, down 1% year-on-year, the Turkmen State News Service (TDH) reports.

The production of oil and gas is expected to grow 9% in 2007, electricity - 6%, petroleum products - 2%, iodine - 2%, non-metallic materials - 35%, cement and fertilizers - 2%, fish and fish products - 17. At the same time, production of paper is expected to decrease 54% and nitrogen - 9%. Production of meat and milk and raising of big and small cattle remained practically unchanged.

Gas exports are to increase 10% as compared to 2006.

Source: Turkmenistan.ru, 21.12.2007

KYRGYZ POWER ENGINEERING SPECIALISTS MARK THEIR PROFESSIONAL HOLIDAY

Kyrgyz power engineering specialists mark their professional holiday. On this occasion, in honor of the day of power engineering specialists, the ministry of industry, energy and fuel resources has organized a solemn gathering.

Deputy minister of industry, energy and fuel resourced Akylbek Tyumenbaev congratulated power engineering specialists on their professional holiday on behalf of the minister and honored the best workers with diplomas.

Source: KABAR, 21.12.2007

KAZAKHSTAN GNP - ONE OF FASTEST GROWING PARAMETERS IN THE WORLD FOR LAST 7 YEARS - NAZARBAYEV

Kazakhstan GNP - one of the fastest growing parameters in the world for the last 7 years, the President of Kazakhstan Nursultan Nazarbayev stated in Moscow giving speech in the Moscow State Institute of International Relations of the Ministry of Foreign Affairs of Russia, the agency reports referring to the president's press service.

"By the main parameters of economic, social development and standard of living of the population Kazakhstan occupies today leading position among CIS countries and continues to develop at high rates. For the last seven years internal total product of the country, 4/5, which is a private sector, has grown twice. Kazakhstan' GNP - one of the fastest growing parameters in the world for the last 7 years. Within the nearest three years its average growth will be kept at the level of 8.5 % that will allow to solve a strategic problem of doubling GNP in 2008 in relation to 2000," N. Nazarbayev noted.

He emphasized "direct foreign investments from 60 countries of the world into the economy of Kazakhstan have reached $70 billion." "It is about 80 % of all direct foreign investments into the countries of Central Asia and about 10 % received by the CIS countries in aggregate. The share of investments from EU makes 53 % of the total amount," the President of Kazakhstan emphasized.

The President emphasized that Kazakhstan is successfully integrated into the world economy. "In 1993 foreign trade turnover made $4.9 billion and in 2007 is expected to reach $80 billion," he informed.

Source: Kazakhstan Today, 21.12.2007