Earlier this year, the Central Asian nation of Kazakhstan announced a new campaign called “Invest in Kazakhstan,” which was designed to attract foreign investors. Throughout the campaign it released new commercials that enticed potential investors with exemptions from corporate income tax, land taxes, property taxes, and customs duties for up to ten years.
With all eyes on Iran, the human rights abuses that continue in the repressive country of Turkmenistan have taken a back seat. Despite pressure from international NGOs and the U.S. Department of State’s designation of Turkmenistan as a country with an abysmal human rights record, its regime has not really done much to address these issues. In fact, things have gotten worse in the last few years.
After a nearly two year bidding race, Almaty 2022 is ready and excited to welcome the international community to its beautiful city. Almaty, Kazakhstan’s largest city has seen a rapid rise in its tourism sector. With annual growth rates of almost 11% in hotel rooms, Almaty is one of the fastest growing tourism destinations in all of Central Asia.
Russia’s energy control appears to be soon coming to a halt as Caspian members, Turkmenistan and Kazakhstan, plan on gaining control over vital areas of the Caspian Sea. Ongoing deliberations over assigning specific demarcations to the five outlying regional members of the Caspian threaten to impede on Russia’s years of energy control within the region and across the EU.