• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%

Viewing results 391 - 396 of 1374

France to Support Development of Kyrgyzstan’s Largest Ski Resort

Kylychbek Rysaliyev, President of Kyrgyzstan’s Tourism Development Support Fund, recently met with French Ambassador to Kyrgyzstan Nicolas Faye to discuss enhancing bilateral cooperation in tourism. During the talks, Ambassador Faye reaffirmed France’s commitment to supporting the development of a major skiing complex in the Issyk-Kul region. Highlighting the importance of the Three Peaks Ski Complex project, Ambassador Faye described it as a priority for the French Embassy, promising France’s expertise in its design and execution. “The lack of direct flights between Kyrgyzstan and France currently hinders a broader influx of tourists,” noted Ambassador Faye, emphasizing that improving air connectivity could significantly boost tourism potential. Rysaliyev underscored the value of French expertise, pointing to France’s robust tourism industry, which is a key driver of its national economy. He expressed confidence that collaboration on the Issyk-Kul ski complex would facilitate valuable knowledge exchange and elevate Kyrgyzstan’s position as a global tourist destination. The Three Peaks Ski Complex, a flagship initiative announced by Kyrgyz President Sadyr Japarov, is already in its preparatory phase. Infrastructure improvements, including road construction, power supply, and water systems, are underway. The state-owned company Kyrgyz Courchevel has been tasked with overseeing the project’s development. The first phase of the resort, set to open by 2030, will include 60 kilometers of ski tracks out of an anticipated 200 kilometers, six ropeways, and a range of facilities such as hotels, restaurants, ethno-towns, and conference halls. The project is expected to position the Issyk-Kul region as a premier skiing destination, fostering economic growth and attracting international visitors.

Turkmenistan Tightens Border Rules to Limit Trips to Uzbekistan

Turkmenistan is imposing stricter regulations on cross-border tourism with Uzbekistan, reportedly to conceal its struggles to provide basic goods and services to its citizens, according to Eurasianet. In 2024, an increasing number of Turkmen citizens have been traveling to Uzbekistan to purchase food and essential items that are scarce in their own country, a reflection of Turkmenistan’s ongoing economic crisis. Over the past month, customs officials have introduced new rules aimed at curbing these cross-border trips, according to Radio Free Europe/Radio Liberty (RFE/RL). Travelers are now required to present a variety of documents, including marriage certificates and proof of residency, to cross the border. Residents of the Dashoguz Region have reported that dozens of people were denied exit for failing to provide all the necessary paperwork. RFE/RL suggests that the government views these trips as a source of embarrassment, highlighting the reliance of its citizens on Uzbekistan for basic necessities. To counter this perception, Turkmen authorities are tightening border controls. However, the report also notes that corruption persists; intermediaries can reportedly facilitate crossings for a $50 bribe. “Customs officers accuse these citizens of shaming the country by engaging in trade, and under this pretext, they stop them at customs,” RFE/RL quoted one individual as saying. Turkmenistan’s efforts to stem cross-border movement reflect its struggle to address domestic shortages while grappling with the broader implications of its economic challenges.

Why Kazakhstan is Tightening Requirements for Importing Foreign Cars

The Bureau of National Statistics (BNS) of Kazakhstan predicts a significant decline in domestic motor vehicle production in 2024, with the largest drops—over 14%—in the car and truck sectors. Experts attribute this downturn to challenges in sourcing components and the prevalence of "gray" car imports. In response, the government will implement stricter regulations on importing foreign cars starting December 1. In 2023, Kazakhstan’s official car sales market surged by 61% compared to the previous year. Official dealers reported 198,686 cars sold, with 70.7% (approximately 150,000 vehicles) produced domestically. However, by late 2023, experts were forecasting a sharp slowdown in domestic production growth. “Production declines reflect short-term logistical issues, such as securing equipment, raw materials, and components from neighboring countries. To address this, manufacturers are already committing to deepening technological processes for small-unit production. This involves investments in new equipment, expanded facilities, and workforce training,” said Anar Makasheva, President of the Kazakhstan Automobile Union (KAU). “By July 1, 2024, all new production facilities must produce at least one model using this method, while existing ones face the same requirement from January 1, 2026.” Artur Miskaryan, General Director of Kazakhstan's Automobile Market Monitoring and Analysis Agency (KAMMAA), agreed that localization requirements are affecting production rates. “Tougher localization demands mean enterprises are investing in infrastructure and training, which temporarily slows production,” he said. Miskaryan also cited logistical challenges at the Kazakhstan-China border, particularly with the delivery of components from China. While logistical issues may be resolved over time through domestic manufacturing of components, the problem of "gray" imports requires government intervention. “The issue of ‘gray’ imports has existed for a long time but escalated after customs policy adjustments in 2022 allowed for the legalization of such vehicles imported from EAEU countries,” Miskaryan explained. These vehicles are sourced from various countries—cargo vehicles primarily from China and cars from South Korea, China, the U.S., and the UAE. Such imports often involve falsified environmental compliance documents, counterfeit exhaust system components, or violations of design safety certifications. Miskaryan emphasized the need for stricter controls on the technical and environmental standards of imported vehicles. He noted, “Reducing government leniency toward imports could follow the example set by neighboring countries, addressing these issues effectively.” Last year alone, gray imports accounted for 345,000 vehicles—three out of every five cars imported. This undermines domestic manufacturers and poses risks to consumers, as these vehicles often fail to meet Kazakhstan’s environmental and safety standards or adapt to local fuel and climate conditions. Prime Minister Olzhas Bektenov has called for decisive action against gray imports. “This is a serious issue, creating unfair competition for domestic automakers. Customs authorities, the Standardization Committee, and law enforcement must address it,” Bektenov said at a government meeting. “Manufacturers cannot compete with vehicles labeled Euro5 but meeting only Euro2 standards. This situation demands stricter oversight.” The government’s first step has been to limit individual car imports. Starting December 1, an individual can import only one vehicle per year. Additional vehicles registered by the same person within the same year...

Train Link Connects China and Afghanistan via Kazakhstan and Uzbekistan

The first freight train from China arrived at Afghanistan’s Hairatan dry port on November 23, following a route through Kazakhstan and Uzbekistan, according to a report by Afghan TOLOnews. Hairatan, a border town in northern Afghanistan, lies a short distance from the Uzbek city of Termez and serves as a critical transit hub between the two nations. Speaking at a ceremony marking the train’s arrival, Afghanistan’s Acting Minister of Industry and Commerce Nooruddin Azizi noted that the freight journey through Kazakhstan and Uzbekistan took 20 days. Azizi also announced plans to use the rail link to transport Afghan goods to China. Beijing has been working to increase its economic footprint in Taliban-ruled Afghanistan, focusing on the nation’s rich mineral reserves and infrastructure projects to boost bilateral trade. Kazakhstan and Uzbekistan, too, are eager to enhance their trade relations with Afghanistan and participate in the country’s railway infrastructure development. In October, Kazakhstan and Afghanistan signed a roadmap to boost bilateral trade to $3 billion and to include Kazakhstan in the construction of two major railway lines in Afghanistan: Turgundi – Herat – Kandahar - Spin Boldak and Mazar-i-Sharif - Harlachi. This milestone train link highlights a growing regional commitment to economic connectivity and trade expansion.

Kazakhstan’s Public Debt Remains at ‘Comfortable Level,’ Says Economy Minister

On November 22, Nurlan Baibazarov, Kazakhstan’s Minister of National Economy, addressed the current status of the country’s public debt, emphasizing its manageable level. Baibazarov highlighted that international organizations, including the International Monetary Fund, the World Bank, and global credit rating agencies, consistently recognize Kazakhstan's low public debt. "The latest changes in international credit ratings indicate the fiscal and financial stability of our country,” Baibazarov stated. “We have significant reserves in the National Fund, as well as gold and foreign exchange reserves exceeding $100 billion. These serve as a financial safety cushion, enabling us to actively attract investments." Kazakhstan’s Concept of Public Finance Management imposes a limit ensuring that national debt does not exceed 32% of GDP. Baibazarov reported that the current figure stands at approximately 23%, reflecting a "safe and comfortable" level. He further explained that public debt should be seen as a tool for economic investment. "We build roads, invest in infrastructure, and launch new production facilities. These projects lay the groundwork for future economic growth and sustainable development," he added. As of October 1, 2024, Kazakhstan’s total public debt was reported to be over 30.5 trillion KZT (approximately $61 billion), equating to 22.6% of GDP. This reinforces the country's position within the fiscal parameters set by its government.

Kazakhstan and Taliban Afghanistan: An Overview of Relations

Diplomatic relations between Kazakhstan and Afghanistan began more than 30 years ago, on February 12, 1992. However, in April of that year, the republican regime in Kabul fell, and the country plunged into the abyss of civil war after becoming the Islamic State of Afghanistan. Such chaos had never been seen before. The first Taliban Emirate was established and then overthrown by the US-led coalition, after which the Islamic Republic of Afghanistan was proclaimed Politics Kazakhstan's first diplomatic mission in Kabul was opened in September 2002, less than a year after America launched Operation Enduring Freedom. In 2003, it was transformed into an embassy. From then on, the relationship between the countries became operational. The new starting point of the Kazakh-Afghan relationship was August 15, 2021, when the Taliban seized power in Kabul. Kazakhstan's foreign policy was put to a test, but Astana demonstrated foresight and pragmatism. The Kazakh embassy, unlike most other countries, was not evacuated, diplomats continued to work in the new conditions and began to establish the first contacts with the Taliban authorities. From the very beginning, Kazakhstan took a clear and understandable position and began to promote it at various levels. A month after the Taliban seized Kabul, Kazakhstan's President Kassym-Jomart Tokayev drew attention to the situation in Afghanistan at the SCO meeting in Dushanbe (September 17). As he stated, "Kazakhstan sees future Afghanistan as a truly independent and united state living in peace with itself and its neighbors. At this crucial historical moment, the multinational people of Afghanistan should not be left alone in the face of unprecedented difficulties". A few days later, on September 22, during the UN General Assembly, the Kazakh president detailed the position of his country and was one of the first politicians to point out the current problem of “inclusiveness.” Tokayev reaffirmed that Kazakhstan supports the UN Security Council's call for the formation through negotiations of a new government that would be inclusive and representative. In his words, “It is necessary to create a consensus-based system in which groups with different values or ethnic, religious and gender backgrounds can coexist in one country.” For a better understanding and retrospective assessment of Astana's actions on the “Afghan track,” it is worth citing other theses mentioned by the president in New York at a time when most of the world was still doubting the success of the Taliban campaign. "Afghanistan must continue to fulfill its international obligations and ensure that its territory does not become a springboard for terrorists, drug trafficking, and human traffickers. Regardless of our political or personal convictions, we must not abandon the people of Afghanistan to their fate now. The acute humanitarian situation must be our top priority. UN agencies and other humanitarian organizations must have immediate, safe, and unimpeded humanitarian access. Kazakhstan has provided for the temporary relocation of the UN Assistance Mission in Afghanistan (UNAMA) and other UN offices in Afghanistan. We are ready to provide a logistical platform for the delivery of humanitarian aid to Afghanistan...