Coronavirus pandemic has given a surprising opportunity for the development and strengthening of domestic tourism. But whether Kazakhstanis will go on vacation within the country after its end mainly depends on business restructuring.
The coronavirus pandemic has affected every single country in the world. Kyrgyzstan was no exception. Despite the fact that rates of infection and mortality in the republic are relatively low compared to other states, the country’s economy has been severely affected by internal restrictions and borders closure.
Economists predict global economic collapse amid the coronavirus pandemic. Kazakhstan, an oil-producing country with a non-diversified economy will be adversely affected.
“Working with China would help Central Asia to weather the crisis and identify a new economic growth point, but it would take a more rigorous policy on the eastern neighbor”, Anton Bugaenko, a sinologist and chief expert of the Chinese and Asian studies program at the Institute of World Economics and Politics, notes in his article just for CABAR.asia (more…)
«The current epidemiological situation in Kyrgyzstan associated with the outbreak of coronavirus exposed numerous problems in terms of ensuring national security, among which the most acute are the problems of ensuring uninterrupted food supplies, socio-economic stability and public health», – mentioned political analyst Arsen Usenov, in an article written specifically for CABAR.asia.
The quarantine and economic recession in Russia can become a time bomb for Central Asia, according to experts.
“The permanent tension between Kyrgyzstan and Kazakhstan over border closure is deeply rooted and goes beyond non-compliance of the EEU rules by each side,” researcher and analyst Konstantin Larionov notes in his article for CABAR.asia. (more…)
The national currency of Kyrgyzstan has become cheaper in just two weeks of March for over 20 per cent against the American dollar. This is one of the worst indicators among EAEU countries. (more…)
The problems of access to the bank loans for small and medium enterprises were discussed at a round table hosted by IWPR Tajikistan in Dushanbe.