• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%

Viewing results 385 - 390 of 1253

Kyrgyzstan Bans Commissions on Online Transfers

The National Bank of the Kyrgyz Republic (NBRK) has adopted a resolution requiring commercial banks to prohibit commissions on money transfers in the national currency, the som (KGS), within the country. The NBKR said such measures are taken to popularize banking services for the population. “The measure will contribute to ensuring accessibility of banking services for all segments of the population and accelerate the introduction of digital technologies in the banking sector,” the bank said. The NBKR resolution will be in force until the end of 2025. The country's authorities have been popularizing non-cash payments for years. President Sadyr Japarov has stated that such payments would bring the economy out of the shadows. “The development of cashless payments is a step towards modernizing our economy, strengthening financial security, and increasing financial inclusion. We must make the payment process so convenient and simple that even those who are used to cash could not resist the transition to new technologies,” said the head of the Cabinet, Akylbek Japarov, at a government meeting.

Shaping the Future of Science in Kazakhstan

At Kazakhstan's Nazarbayev University (NU), work is geared toward understanding the intricacies of modern science. TCA spoke to Dr. Aidos Baumuratov, the science director of the NU Collective Use Office, who discussed the importance of scientific collaboration, supported by world-class laboratories, and how Kazakhstan is aiming to nurture the next generation of scientists. TCA: Can you tell me about the work that NU laboratories do? Baumuratov: The laboratories have collected unique, expensive equipment from all over the university. The staff that interprets the results has been selected. In simple words, we help scientists to create science. Unfortunately, Kazakhstan cannot afford the purchase of expensive devices in large quantities, so the model is justified from an economic point of view. The model of a shared office is taken from American and European universities. Today, I manage 23 laboratories with 80 main items of equipment and about 400 additional ones. We are creating a world-class scientific infrastructure, and the laboratories are equipped accordingly. NU scientists win grants, among other things, and consequently, they implement their developments in practice. They come to our laboratories for the missing equipment and perform most of their experiments here. TCA: How much of NU's research is focused on practical applications? Baumuratov: Science is designed to solve global problems. It cannot be considered only from the point of view of immediate return. I can say that in the top global universities, where there are thousands of scientists, only a few startups occur after many years of research, which are eventually taken into development by industrial giants or IT corporations. TCA: What should be done to make the young generation in Kazakhstan more eager to enter science? Baumuratov: I can only express my personal opinion. Attitudes should be learned from childhood. Today, science is undeservedly in the shadows. After the collapse of the USSR, we went through difficult years; we had to fix the economy, and of course, this had an impact on who stayed. If I am not mistaken, 70-80% of scientists left after the collapse. Of those who remained, about the same number went into business, anywhere but science. It takes time to restore the potential, and it should start with schools. When I began working at the university, I proposed an initiative to organize schoolchildren's visits to our laboratories. The initiative was successfully implemented and is still in use today. Children from the 5th and 6th grades visit us; they see aesthetically pleasing, insanely complex equipment at the international level, the finest instruments, and they can talk to those who work here. This is very useful, as it clearly shows schoolchildren what path they can choose. They see and realize that science brings benefits to society and the country. Even the signature of a scientist under an article in a journal, where the university and Kazakhstan are mentioned, already works for the image of the country as a whole. In addition, scientists' general intelligence creates an appropriate environment around children. Ethical norms, the priority of education,...

ADB Finances Road Reconstruction in Tajikistan

The Asian Development Bank (ADB) has approved a $86.67 million grant to help Tajikistan expand its degraded two-lane 49-km Dangara–Guliston highway to four lanes. Commenting on the move, ADB Director General for Central and West Asia Yevgeniy Zhukov said: “ADB, in partnership with other organizations, promotes safe, accessible, and green transport infrastructure and services in our developing member countries. The Dangara–Guliston road, constructed in the 1930s and reconstructed in the 1970s, will become the first road in Tajikistan to incorporate climate adaptation and elements specific to women's needs." The project will fund two pilot charging stations and develop investment frameworks to catalyze private sector investment in Tajikistan's national charging infrastructure rollout. Safety is a high priority and to this end,  the newly reconstructed road will include dedicated cycleways, wide sidewalks for people with children and disabilities,  improved lighting and well-marked pedestrian crossings. Special toilets and changing facilities will be provided for mothers and babies, while public transport facilities will include preferential seating for people with disabilities. In addition to the above, the fund will incorporate training programs for women living in and around the project area to open and run small businesses, and award entrepreneurship grants to selected participants. The Tajikistan government has pledged $23 million towards the realization of the project whilst subject to its Board’s approval in early 2025, the European Bank for Reconstruction and Development (EBRD, will provide a $40 million co-financing loan. Tajikistan’s Ministry of Transport plans to complete the project in 2030.

Afghanistan to Boost Oil Production in the Amu Darya Basin

Afghanistan plans to launch 25 new oil wells in the Amu Darya basin, increasing daily oil production to 3,000 tons. Hamdullah Fitrat, the deputy spokesman of the Islamic Emirate of Afghanistan, shared that there are currently 24 active wells in this field, from which 1,300 tons of oil are extracted daily. According to Fitrat: "The Ministry of Mines and Petroleum plans to activate 25 more wells by the end of this year, of which 18 will be newly drilled, two will be exploratory wells, and five will be rehabilitated.” Economic experts stress that officials should carefully plan new well drilling and attract investors to process the extracted oil. Economic expert Abdul Zahoor Madaber stated that Afghanistan has abundant natural resources but lacks modern machinery to process them, and cooperation with other countries is needed to import this equipment. Mohammad Asif Stanekzai, another economic expert, added: “The production and processing of natural resources can create job opportunities and have a positive impact on reducing inflation in Afghanistan.” According to the Ministry of Mines and Petroleum, only 10% of Afghanistan’s oil needs are currently met from domestic production. The Amu Darya is a vital river for Central Asian countries. While 72-73% of its water originates in Tajikistan, the majority is used by neighboring countries. In April of this year, the countries of Central Asia distributed Amu Darya and Syrdarya water for the summer of 2024. Under the agreed quota, the draw on water from the Amu Darya watershed will be 56 billion cubic meters for the year, with about 40 billion cubic meters used in the April-to-October growing season. As stated in the Interstate Commission for Water Coordination (ICWC) agreement, Uzbekistan will receive 16 billion cubic meters, Turkmenistan will receive 15.5 billion cubic meters, and Tajikistan will receive 6.9 billion cubic meters. The ICWC claims that the total number of irrigated lands in Central Asian countries is 4.3 million hectares in Uzbekistan, 2.5 million hectares in Kazakhstan, 1.9 million hectares in Turkmenistan, 1 million hectares in Kyrgyzstan, and 680,000 hectares in Tajikistan.

Daewoo To Invest $730 Million in Turkmenistan

South Korean company Daewoo Engineering & Construction has won a tender to build a fertilizer plant in Turkmenistan. The project is estimated to cost a trillion won (about $730 million). According to the company, the new plant will be located in Turkmenabat, 450 km east of Ashgabat. It will have an annual capacity of 350,000 tons of phosphate fertilizer and 100,000 tons of ammonium sulfate, and will include additional auxiliary facilities. After the completion of the main contract, final data on the contract's value and implementation terms will be published. The company has stated that implementing the project will allow Daewoo E&C to strengthen its presence in Central Asia and expand its activities in the petrochemical and agricultural sectors, infrastructure, and urban projects. In the future, the company intends to offer environmentally friendly technological solutions to further cooperate with Turkmenistan. Daewoo E&C noted that winning the tender was possible thanks to the support of the South Korean government, including during the official visit of President Yun Seok Yeol to Turkmenistan in June. The company's Chairman, Jeong Won-ju, also met with the Chairman of the People's Council of Turkmenistan, Gurbanguly Berdimuhamedov, in November 2022 during his visit to South Korea. The two sides signed a memorandum of understanding, cementing an agreement on close cooperation. Jeong Won-ju has visited Turkmenistan three times since then, which helped strengthen ties and successfully conclude negotiations. Daewoo E&C is aiming to become a leader in the global EPC (engineering, procurement, and construction) market. “We strive to participate in projects that contribute to a sustainable future,” a company representative stated. Turkmenistan is implementing several major projects with the participation of South Korean companies. Hyundai Engineering has agreed with state-owned Turkmengas to expand the Galkynysh gas field. This project includes the construction of a fourth gas desulfurization facility, making it the largest in the country's history. Korean companies have also been actively constructing and developing an oil refinery in Kiyanly. Projects to create “smart cities” are also being discussed.

Kazakhstan Listed as a Top Destination by Lonely Planet

Kazakhstan has been included in Lonely Planet's prestigious "Best in Travel 2025" ranking, earning it recognition as one of the year's best travel destinations. Lonely Planet, a leading international publisher, was established in 1973 and since then, has published comprehensive travel guides in 14 languages, covering 195 countries. Aimed to inspire people to explore the world, the organisation also publishes articles, lists, and rankings of the best places to visit, based on recommendations from experts and travelers and according to their unique cultures and natural diversity. Kazakhstan's high ranking in 'Best in Travel 2025', is largely attributed to its ancient traditions and modern achievements, and especially, its rich history and varied landscapes. Vice Minister of Tourism and Sports of the Republic of Kazakhstan Yerzhan Erkinbayev warmly welcomed the country's inclusion in the list as validation of the growing international interest in Kazakhstan and stated that it emphasised the importance of promoting sustainable tourism. Lonely Planet's executive editor, Nitya Chambers, said the publication is proud of its choice and confident that this list will inspire travelers to make new discoveries. In its description of Kazakhstan, Lonely Planet focuses on the intertwining of ancient traditions and modern culture, hailing  the country a place where every visitor can discover something unique. The publication also mentions echoes of the ancient Silk Road, tangible in the vast steppes. Tourism in Kazakhstan has been actively developing in recent years, and the country is becoming increasingly popular among international travelers. Popular destinations include Almaty, Astana, and national parks. In the first six months of 2024 alone, 566,500 foreign tourists visited Kazakhstan, an increase of almost 10% compared to the same period in 2023. The demographics of foreign tourists is also on the rise. In the first quarter of this year, the average revenue of Kazakh companies working in the tourism sector - tour operators, travel agencies, and other organizations - increased five-fold. For January-March, it exceeded 160.3 billion tenge; the highest quarterly income indicator of tourism companies since the beginning of 2022. Kazakhstan's tourist potential has also been praised by other well-known travel publications. Earlier, “Conde Nast Traveler” and “Wanderlust” included Kazakhstan as one of the top world destinations for travel in 2024, and Almaty was included in a list of the 52 best tourist destinations issued by The New York Times.