outlook For Businesses Deteriorating the collapse of the Kyrgyz government is likely to further damage the country s business environment, which was already very poor given the erratic nature of government policy towards foreign-owned firms. Foreign-owned mines have been under pressure for a number of years from Kyrgyz nationalists who have consistently advocated nationalisation of mines in response to alleged environmental damage caused by foreign miners, as well as the exploitation of resources that nationalists believe should belong to the Kyrgyz people. ...econoMic risK Hurdles to tajikistan-turkmenistan railroad on the rise the planned railroad connecting tajikistan and turkmenistan via north- ern afghanistan is under threat from what appears to be subdued interest from the turkmen authorities to push ahead with the project. this is bad news for tajikistan, because the tajikistan railway was viewed as a way for the country to bypass neighbouring BMi risk ratings � tajikistan Latest rating previous rating region ave Global Mkts ave s-t Political --.- --.- --.- --.- l-t Political --.- --.- --.- --.- s-t economy --.- --.- --.- --.- l-t economy --.- --.- --.- --.- Business environment --.- --.- --.- --.- composite --.- --.- --.- --.- uzbekistan, with whom economic relations remain strained because of a dispute over Dushanbe s plans to build a hydroelectric power plant. Business enVironMent cnpc Joins tajiktransGaz For pipeline construction state-owned china national Petroleum corporation (cnPc), through its trans-asia Gas Pipeline subsidiary, has entered into an agreement with Tajikistan s state-owned TajikTransgaz to set up a natural gas pipeline company. the newly formed company will be responsible for managing the construction of line d of the central asia-china gas pipeline. ...owing to its strategic geopolitical location, strong military and logistical sup- port for international security assistance forces in afghanistan, the country is likely to maintain relatively friendly diplomatic relations with western countries despite its dubious track record on human rights and authoritarian regime.
...BMi s ratings rank states in terms of political risk, the economy and the quality of the business environment. there are four ratings: a composite rating, a political rating, an economic rating and a business environment rating. ...econoMic risK authorities attempt to Halt illegal offshoring the Kazakh agency for combating economic crimes and corruption announced that it would be redoubling its efforts to restrict funds from being transferred to accounts offshore, as well as bolstering the trans- parency of ownership. in february, a deputy in the Majilis (assembly) BMi risk ratings � Kazakhstan Latest rating previous rating region ave Global Mkts ave s-t Political --.- --.- --.- --.- l-t Political --.- --.- --.- --.- s-t economy --.- --.- --.- --.- l-t economy --.- --.- --.- --.- Business environment --.- --.- --.- --.- composite --.- --.- --.- --.- proposed the establishment of Kazakhstan s own offshore zone in an effort to stem capital flight, and to compete with a similar zone in rus- sia s Far east. The government estimates that individuals and entities in Kazakhstan invested UsD-.-bn in the british virgin islands, the seychelles and cyprus alone in ----. ...The government estimates that individuals and entities in Kazakhstan invested UsD-.-bn in the british virgin islands, the seychelles and cyprus alone in ----. if this trend cannot be stemmed, it will impact negatively on Kazakhstan s financial account position, as well as reducing government tax revenues.
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