• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
09 January 2025

Viewing results 145 - 150 of 298

Agribusiness Park to be Launched in Kazakhstan’s Akmola Region

The Hungarian company Globalia Ltd is creating agricultural facilities in Kazakhstan’s Akmola region. The new agribusiness park will use industrial technologies developed in Hungary. The eight agribusinesses located at the park will implement sustainable and environmentally friendly technologies, and will allow for products to be traced between the producer and the end consumer. Projects will not require any special funding. The agribusiness park plans to start producing fish farming projects within three years. It will also open a research and development station for growing varieties of various plants. Kazakhstani companies located at the park will have access to new technologies and tools, including the Carbon Farming system, which helps to capture and accumulate CO2 from the soil.

ADB to Advise Kazakhstan’s Energy Ministry on Hydropower Development

The Asian Development Bank (ADB) has signed a transaction advisory services agreement with the Kazakh government for its Hydropower Development Program, which aims to attract the private sector to design, finance, construct, operate, and maintain the country’s hydropower projects. According to the agreement, ADB will work with Kazakhstan's Energy Ministry to conduct pre-feasibility studies, prepare auction documents and a template power purchasing agreement, and attract competitive offers to crowd investors. ADB will help the ministry prepare and auction hydropower projects with private sector participation in the southeast, with a potential cumulative capacity of around 600 megawatts across the Alakol, Balkhash, and Irtysh/Zaysan basins. The agreement was signed on July 26 in London by Kazakhstan’s minister for energy, Almasadam Satkaliyev, and ADB’s head of public–private partnerships, Cleo Kawawaki. Emphasizing that supporting Kazakhstan in developing renewable energy sources is a priority for ADB, Ms. Kawawaki commented: “ADB’s focus is to assist the country’s efforts to address the impacts of climate change, promote decarbonization, and facilitate sustainable economic growth. This will help Kazakhstan achieve its goal of increasing its renewable energy capacity, reduce carbon emissions, and enhance the country’s energy security.” Satkaliyev also proposed collaborating with ADB to attract technological support, investments, and grants to reduce methane emissions in all sectors of Kazakhstan’s economy, including the oil and gas industry.

Kazakhstan to Increase Municipal Waste Processing

On July 24, Kazakhstan launched its first project to build a technological eco-park for processing solid municipal waste and producing electricity from biogas. According to the Ministry of Ecology and Natural Resources of Kazakhstan, the new facility will be equipped to sort 120 thousand tons of solid municipal waste and 120 thousand tons of large-sized waste, and process 80 thousand tons of organic waste per year. In response to an instruction by the head of state in February to secure investment for the construction of waste processing plants in Kazakhstan, the government has secured a pool of 94 investment projects to  increase municipal waste processing from 1 million to 2.2 million tons annually. In March, the government announced plans to build 37 new municipal solid waste processing plants and modernize eight existing plants. To support the initiative aimed to improve the country's environment, the government has given approval for an Industrial Development Fund, with an interest rate of 3 percent and loan terms from 3 to 15 years,  for projects related to waste management, including the purchase of rubbish trucks and the launch of sorting lines and processing facilities. Prime Minister Olzhas Bektenov reported that recycling solid waste is profitable worldwide and Kazakhstan too, must exploit its potential in this field.

China to Help Kazakhstan Plant Artificial Forests on the Aral Sea

On July 23, Kazakhstan’s minister of ecology and natural resources Erlan Nysanbayev met scientists from the Xinjiang Institute of Ecology and Geography, part of the Chinese Academy of Sciences, to discuss the creation of artificial forest plantations on the dried base of the Aral Sea. Following a proposal to establish a joint Kazakh-Chinese center to resolve environmental issues on the Aral Sea, the Chinese scientists will visit the Kyzylorda region to closely examine work being undertaken on the dried sea base. Spanning across Kazakhstan and Uzbekistan, the Aral Sea was once the fourth largest inland body of water in the world, covering 68,000 km². The destruction of the Aral Sea first dates back as far as the U.S. Civil War, when, finding his supply of American cotton under threat, the Russian tsar decided to use the sea’s tributaries to irrigate Central Asia and create his own cotton bowl. With 1.8 million liters of water needed for every bale of cotton, the water soon began to run out. By 2007, the Aral had shrunk to one-tenth its original size. Up until the late-1990s, the land surrounding the Aral Sea was still cotton fields; today, it’s largely an expanse of salinized grey emptiness. The desiccation of the landscape has led to vast toxic dust-storms that ravage around 1.5 million square kilometers. Spreading nitrates and carcinogens, these storms – visible from space – used to occur once every five years, but now strike ten times a year. According to reports, Kazakhstan intends to plant saxaul shrubs on 1.1 million hectares of dried-up sections of the Aral Sea by 2025. Through joint efforts of the Ministry of Ecology and Natural Resources and the region's administration, 544,500 hectares of saxaul have been sown over the past three years, with a further 275,000 hectares to be planted on the former seabed this year. Wind-borne salt and dust cause significant damage to areas adjacent to the Aral Sea and their inhabitants. Every year, over 100 million tons of salt, dust, and sand are blown from the bottom of the former Aral Sea and mixed into the air.

Kazakhstan Refuses to Finance an Artificial Rain Project over the Aral Sea

Kazakhstan's Ministry of Agriculture has decided not to support a project by inventor Altay Ainabek aimed at bringing artificial rain over the Aral Sea to revive it. At a recent government briefing, the deputy minister for agriculture, Azat Sultanov, answered journalists' questions about public interest in the project. Sultanov said that the decision not to fund the project is related to environmental and legal issues. Firstly, artificially inducing precipitation could negatively affect the ecosystems and natural resources of the region where the experiment will be conducted, leading to unintended consequences and environmental harm. In addition, according to Sultanov, the legality and legitimacy of using such technologies is questionable. The agriculture ministry does not yet have a scientific conclusion and does not have sufficient experience in this area. These factors make it impossible to finance such projects from the state budget. The deputy minister added: “We have researched the law many times. Specialists from abroad have already come to us with questions. You probably know that in Mangistau and West Kazakhstan regions 2-3 years ago, there were problems with water. Then, it was suggested to cause precipitation to make it rain. However, there are several aspects to this problem. On the one hand, there are environmental issues; it's nature. Even though it rained in one place, it can cause harm in another.” In 2021, artificially inducing rain was tested for the first time in Mangistau. The sprinkler system works using Clear Sky Manager technology. However, a little later, it became known that the installations affected the amount of rainfall. Abnormal rains led to floods and river overflows in the traditionally arid region, so the experiment was halted.

ADB to Support Climate-Friendly Business Environment in Tajikistan

The Asian Development Bank (ADB) says it has approved a $50 million policy-based grant for a program that will help the government of Tajikistan foster a climate-responsive business environment and support small and medium-sized enterprises (SMEs) in the country. The program aims to transform Tajikistan's business environment through digitization, reforms to increase exports, improvement of infrastructure governance, fiscal transparency, and support for climate-friendly SMEs. Underscoring ADB's commitment to supporting Tajikistan in its transition to a green economy, ADB Director General for Central and West Asia Yevgeniy Zhukov commented, “By promoting climate-responsive investments and improving the overall business environment, we aim to stimulate economic growth, create green jobs, and enhance the country's resilience to climate change." The program will support reforms subsidizing climate-friendly SMEs, and prioritizing funding for female entrepreneurs. It advances digitization and e-commerce through the Agency for Innovation and Digitization and the approval of the E-Commerce program. The program will also support enhanced public investment management through assessments to recommend improvements and prioritize climate-focused projects. Fiscal transparency will improve the Ministry of Finance’s capacity to publish government finance statistics. The program will also promote international trade and investment by streamlining trade documentation processes and updating regulatory frameworks for issuing local and green bonds.