• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
22 December 2024

Viewing results 673 - 678 of 1072

IFAD Representative Office Opens in Uzbekistan

The International Fund for Agricultural Development (IFAD) has opened an office in Uzbekistan. The opening ceremony was attended by IFAD President, Alvaro Lario, and the Uzbek Minister of Agriculture, Ibrohim Abdurakhmonov. IFAD is an international financial institution and a specialized agency of the United Nations, established in 1978. "The opening of the Fund's office in Tashkent reflects our commitment to sustainable economic development in Uzbekistan and the region. Through partnerships with the government and the private sector, we can support more ambitious investments in climate change adaptation and rural prosperity," said Lario. "Uzbekistan has been cooperating with the fund since joining it as a member state in 2011. Having a representative office in the country will allow to better address specific needs and problems of the agricultural sector," the fund said in a statement. Over the past decade, IFAD's portfolio of projects in the region has grown significantly, with a total investment of $435.3 million covering more than 550,000 rural residents.

Water Shortages in Kyrgyzstan’s Cities Despite Full Reservoirs

Due to a shortage, Kyrgyz authorities have banned the use of drinking water to irrigate cities' gardens and orchards. Implemented in Bishkek and Osh, the ban which operates during daytime hours, is set to run until the end of the summer. In a report to TCA,  Erlan Timurov, chief public relations specialist for Bishkekgorvodokanal, the company in charge of drinking water in Bishkek, stated: "Every year, Bishkekvodokanal produces about 145 million cubic meters of drinking water, around  48m cubic meters of which are lost as a result of  illegal connections to our networks and leaks caused by worn-out infrastructure" The situation is similar in southern Kyrgyzstan and in Osh, utility companies in the course of monitoring levels, regularly identify and cut off water supplies to those illegally  connected to the system. "The average daily consumption of drinking water in residential areas increases fivefold in summer," explained Timurov. "Most of this increase is spent on watering vegetable gardens and filling swimming pools. As a result, some residents experience water shortages." Ironically, the water deficit is developing against a backdrop of overflowing local reservoirs caused partly by abnormal weather melting mountain glaciers. Under the circumstances, the Tien Shan High Mountain Research Centre at the Institute of Water Problems and Hydropower in Kyrgyzstan blames cities' water shortages on irrational use. "In the 1980s , collective and state farms universally introduced the so-called sprinkler system. Back then,  500 to 1,000 cubic meters of water were required to irrigate one hectare.  Today, that has risen to  2 to 3 thousand cubic meters. The problem is that we have lost many technologies and do not know how to use water effectively," claimed  the scientific center. Drip irrigation used worldwide, is now being introduced in Kyrgyzstan. However, because  it's expensive, the percentage of Kyrgyz farmers using this type of irrigation is extremely small and the majority  continue their habit of using drinking water in their fields, gardens, and orchards using outdated irrigation systems .

USAID Supports Central Asian Women Working in Hospitality

The U.S. Agency for International Development (USAID) and the International Association of Businesswomen “Tadbirkor Ayol” last week hosted a Central Asian Conference on “Women of Central Asia in the Hospitality Business: Current Challenges and Opportunities”. The event in Tashkent attracted some 200 women entrepreneurs, professionals, and industry experts from Uzbekistan, Tajikistan, and Kyrgyzstan to discuss achievements, trends, and challenges in the region’s hospitality sector. As reported by the U.S. Embassy in Uzbekistan, the conference focused on service quality, digitalization, and modern standards in tourism, culminating in recommendations to enhance regional cooperation in tourism and hospitality. Praising the resilience and creativity of women in the hospitality industry and emphasizing their role in the sector’s future, Edward Michalski, USAID Deputy Mission Director in Uzbekistan, commented: “Investing in women and girls is essential to transforming communities. When women do better, families do better, communities do better, and countries do better.” Gulnora Makhmudova, Chairwoman of “Tadbirkor Ayol,” noted that the growing importance of the region’s hotel business and the increasing involvement of women, had spurred the association into launching “Women in the Hotel Business: Hospitality from the Future;” a project aimed to introduce innovation and digitalization in the hospitality sector. Since its launch in April 2024, with support from USAID, the project has provided training for 115 women in modern hotel management in Tashkent, Andijan, and Samarkand.  

Kazakhstan and Central Asia Present Investment Opportunities to Swedish Parliament

The first business seminar on the investment climate and business opportunities in Kazakhstan and Central Asia was held last week in Stockholm, Sweden. As reported by Kazakhstan’s Foreign Ministry, the event was attended by Chairman of the Sweden–Central Asia Friendship Group of the Riksdag (Swedish Parliament) Bjorn Soder, Ambassador of Uzbekistan to Sweden Nodir Ganiev, Ambassador of Sweden to Kazakhstan Ewa Polano, Ambassador of Sweden to Uzbekistan Tomas Danestad, Chairman of the Swedish Chamber of Commerce for Eurasia Heinz Sjogren, and representatives of Swedish ministries and large companies. Speaking at the event, Bjorn Soder noted the strategic importance of enhancing cooperation between Sweden’s and Central Asia’s public and private sectors. Attention was drawn to Central Asia’s huge potential for strengthening trade and economic relations with Sweden, and the limitless prospects for expanding investment partnership. Ewa Polano and Tomas Danestad shared their views on the dynamic development of Central Asia, emphasizing that Kazakhstan and Uzbekistan are the “core-countries” of the region. Referencing growing competition in the region, the two ambassadors called on the Swedish business community to invest in Central Asia, as well as expand its presence in the region. Representative of Scania AB, Fredrik Wijkander, outlined the Swedish company’s presence in Kazakhstan where it has been operating since 2007. In 2023, the assembly of Scania trucks was launched in Saran, in the Karaganda region, and in 2024, Scania AB set up Scania Central Asia as an independent business unit in the region with its head office in Almaty. Fredrik Wijkander said that despite the high competition from Chinese automakers, the Swedish company will continue to strengthen its presence in Central Asia and expand production. To this effect, he confirmed plans for the assembly of trucks and buses, and establish local production in Kazakhstan.    

Dreaming of Paris, Fighting for Power: Electricity in Central Asia

The COP28 UN Climate Change Conference in December 2023 highlighted the important role of developing countries – which include the Central Asian republics – in reducing dependence on fossil fuels thanks to the use of cleaner, renewable energy sources. Indeed, Central Asia is believed to have something to offer the world in the fight against climate change, being home to numerous sources of clean energy, including solar, wind, and hydropower.   The "electricity ring" Last year, fossil fuels accounted for 95% of the total energy supply in the five Central Asian countries, according to the UN. To meet their commitments under the Paris Agreement and the transition to a low-carbon and sustainable energy system, the region will need to make a giant leap from fossil fuels to renewable energy sources. The main issue is that this transition must be made by different electrical grids across Central Asia, most of which are linked to the Central Asian Power System (CAPS). CAPS, also known as the "electricity ring," is a joint power transmission network connecting Uzbekistan, Tajikistan, Turkmenistan, Kyrgyzstan, and some southern parts of Kazakhstan. It was created in 1960, with the aim of ensuring the reliable transmission of electricity and steady cooperation between the republics. The energy systems of these regions are united into a single structure, which allows for parallel operation even when individual sections of the grid go down, meaning that if one part of the ring goes down, the other parts continue to function, improving reliability and efficiency. This system plays an important role in ensuring energy security and promoting cooperation and interaction. The creation and maintenance of any power system requires coordinated work by all participants. In the past, some countries temporarily withdrew from CAPS for various reasons, but in most cases, they sought to resume cooperation and their link to the “electricity ring.”   Blackout On January 25, 2022, consumers in the ring experienced a blackout. The lights went out almost instantly in the south of Kazakhstan (the city of Almaty, as well as Turkestan, Kyzylorda, Almaty and Zhambyl regions), in Kyrgyzstan (the cities of Bishkek and Osh and the Issyk-Kul region) and Uzbekistan (the city of Tashkent, the Fergana Valley and Syr Darya, Jizzakh, Samarkand, Navoi and Kashkadarya regions). The widespread power outage paralyzed transportation, shut down important social infrastructure, and spurred popular discontent in the three countries affected. The Kazakhstani pundit Petr Svoik, a former professional power engineer who ran a thermal power plant (TPP), described the blackout as an unprecedented event, noting, however, that the technology worked perfectly and that the sudden loss of 1,500 MW of electricity did not lead to any major consequences. The Kazakhstani energy system consists of two insufficiently connected parts – north and south. The north is actually a continuation of the Russian power system, part of the Russian “energy bridge” - though, of course, it also has importance for the whole of Kazakhstan - whilst the south is part of the Central Asian ring. Looking at the...

U.S. and Central Asia Further Trade, Economic and Investment Cooperation

The 15th meeting of the U.S.-Central Asia Trade and Investment Framework Agreement (TIFA) Council was held in Astana on 13 June. TIFA was signed in Washington in June 2004 by the United States, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan to expand international trade, attract foreign investment, and establish trade relations between Central Asian countries and Afghanistan. The US-Central Asian Trade and Investment Council was established within its framework. Reporting from Astana, the Kazakh Ministry of Trade and Integration, said that the agenda had covered prospects for diversifying trade and expanding investment cooperation. Representatives of the six countries also discussed the development of new trade routes to improve supply chain resilience and diversify the economy. During the event, Kazakh Deputy Prime Minister Serik Zhumangarin remarked, “As one of the major economies in the region and a WTO member, Kazakhstan recognizes the high potential offered by TIFA to strengthen not only bilateral but also regional trade relations. This year's meeting of the TIFA Central Asia Regional Council is further proof of the progressive development of regional cooperation and sustainability, which in turn, plays an important role in stabilizing world economy by connecting the global markets of both the West and the East.” U.S. Trade Representative Katherine Tai, emphasizing the need to coordinate joint efforts to ensure sustainable growth of TIFA economies, stated: “Central Asia remains a very important economic and strategic partner for the United States. We are also experiencing climate change and facing the consequences of technological and industrial progress. It is necessary to jointly develop traditional supply chains, the stability of which will ensure sustainable economic growth. The US is interested in improving the quality of trade, supplying critical metals for the production of cars and semiconductors.”