• 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 865 - 870 of 1116

Rosatom Set to Build Small Nuclear Power Plants in Uzbekistan

Russian state nuclear power corporation Rosatom is ready to offer lower-capacity nuclear power plant (NPP) projects to Uzbekistan. That's according to comments made by Denis Manturov, Russia's Minister of Trade and Industry, at the fourth annual international industrial exhibition, Innoprom, Central Asia. “Currently, the Rosatom state corporation and the Uzatom agency are working out the general contract for the construction of a nuclear power plant. This is a large-scale and complex project. Rosatom is ready to offer Uzbekistan additional solutions, including solutions related to low-power nuclear power plants,” Manturov said. According to Manturov, who is also a Deputy Prime Minister, the site for the construction of the NPP has already been chosen, and the spot is located near Tuzkon Lake in the Jizzakh region, which studies have confirmed is a favorable place. In addition, the optimal technical configuration for the project has already been determined. Rosatom plans to build a complex consisting of two power units with VVER-1200 reactors. “Now, together with Uzbek and international experts, technical issues related to the integration of the nuclear power plant into the energy system, cooperation with renewable energy sources, reducing the volume of water for the use of the plant and maximum production of electricity are being considered taking into account the climatic characteristics of the region,” Manturov stated.

Kazakhstan Plans To Stop Bloggers From Promoting Gambling

Kazakhstan is preparing big changes for the gambling business in the form of a new bill that's under consideration in the country's lower house of parliament, the Mazhilis. Should the bill become law, bloggers will be banned from advertising betting platforms and online casinos. These changes are aimed at stricter regulation of the gambling industry and protection of citizens' financial interests. Members of the Maijilis emphasize that bloggers will still be able to cover sporting events on their social media accounts, but advertising gambling establishments will be banned. That's a step towards more responsible and ethical advertising practices that focus on sports and healthy lifestyles that the government would like to promote. The bill includes other important changes, such as raising the minimum age for gambling to 25, banning gambling by those who are in debt, and tightening the requirements for advertising gambling establishments. These steps are aimed at creating a safer and more responsible gambling environment for citizens of Kazakhstan. In March the Mazhilis started working on the new draft law, which, according to representative Askhat Aimagambetov, provides for the introduction of liability for gambling businesses in the form of fines ranging from 1.1 million tenge ($2,500) to 3.6 million tenge ($8,000). In addition, members of the Maijilis spoke out on the possible introduction of a ban on gambling for civil servants. This is a step that could be part of a broader program to combat the negative consequences of gambling addiction among public-sector employees.

China Remains Uzbekistan’s Top Trade Partner

In the first three months of 2024, the value of bilateral trade between China and Uzbekistan reached $2.1 billion. During this period, Uzbekistan's exports to China totaled $349.4 million, whilst imports from the People's Republic of China (PRC) reached $1.7 billion. This trade flow reflects a significant surplus in the PRC's trade balance, indicating a steady demand for Chinese goods. According to the Uzbek statistics agency, trade with China accounts for 21.5% of the country's total foreign trade. The number of companies with Chinese investments is steadily growing in Uzbekistan - at the beginning of April, there were 2,501 of them, up 7% compared to the end of last year. At a meeting of the leaders of Uzbekistan and China in Beijing in late January, 2024, Presidents Mirziyoyev and Xi agreed to prepare programs of cooperation in infrastructure development, industrial cooperation, technology transfer in agriculture, and green energy. Last year, Chinese companies commissioned two solar power plants in Uzbekistan with a capacity of 1,000 MW. Mirziyoyev and Xi said bilateral trade turnover between the countries could reach $20 billion annually. The two sides see great potential in the construction of the China-Kyrgyzstan-Uzbekistan trunk-line railroad. According to various estimates, this multi-modal corridor will reduce the distance of cargo delivery to Europe from China by 900 kilometers, saving 7-8 days of transit time.

Britain’s Cameron to Central Asia: Work with Us

Britain’s foreign secretary is in Central Asia this week, seeking deeper ties with a part of the world seen as increasingly vital to international security, energy flows and efforts to combat climate change. The trip, which David Cameron described as overdue, followed criticism that Britain had neglected what the envoy’s own office describes as a “pivotal region of the world.” Cameron´s visit comes months after a British parliamentary committee report said there was a perceived “lack of seriousness” in Britain’s engagement with Central Asia. The committee said Russia and China were courting the region, while Britain was “a leading enabler for corrupt Central Asian elites and a key node for capital flight out of the region.” Cameron spent the first day of his trip in Tajikistan, meeting President Emomali Rahmon in Dushanbe and visiting the Nurek hydropower project, which supplies about 70% of the country’s electricity. He will also visit Kyrgyzstan, Uzbekistan, Turkmenistan, Kazakhstan and Mongolia. “These countries aren’t often talked about in the U.K., so you might ask why,” Cameron said on Monday. “Well, these countries are sandwiched between China, Russia, Afghanistan and Iran. They’re making a choice of who to work with, and in a more competitive and contested world, if you want to protect and promote British interests, you need to get out there and compete.” Britain intends to provide investment funds for small businesses as well as “green” projects that can mitigate the effects of climate change, Cameron said. Without providing specifics, he told Tajik television that he and Rahmon discussed security and “all the difficulties and conflicts in the region.” The Islamic State group, which is said in some quarters to have increasingly recruited Central Asians into its ranks, claimed responsibility for the killing of more than 140 people by gunmen who attacked the Crocus City Hall in Moscow on March 22. Several Tajik migrants are among the detained suspects. Cameron will “advance discussions on sanctions circumvention, human rights and reform,” his office said. Britain is a staunch supporter of Ukraine in its war against Russia, which has had success in dodging Western sanctions, partly by trading with Europe via Central Asia. For example, British firms´ exports to Kyrgyzstan have soared by over 1,100%, Sky News reported. “Major European economies are quietly continuing their economic cooperation with Moscow by circumventing sanctions to take advantage of the vacated market,” says a commentary in the Center for European Policy Analysis, which is based in Washington. “And they’re doing it by finding partners in the South Caucasus and Central Asia.” Cameron praised the Nurek Dam as an example of the kind of “great schemes” that can help reduce the use of coal-fired power plants and drive down carbon emissions by providing clean energy from Central Asia to South Asia under the CASA-1000 project. On the second leg of his tour, Cameron arrived in Kyrgyzstan later on April 22, where he met with President Sadyr Japarov. They exchanged views on the prospects for Kyrgyz-British cooperation in the political, trade,...

Kazakhstan Has Become Main Trade Partner of China’s Xinjiang Province

According to Chinese Customs Service data from the first quarter of 2024, Kazakhstan became the main trade partner of China's Xinjiang Uygur Autonomous Region. Since the beginning of the year, Xinjiang has conducted trade with 193 countries and regions of the world. The volume of imports and exports with Kazakhstan and Kyrgyzstan in currency terms has increased by 58.8% and 1.9% respectively. The volume of foreign trade originating from Xinjiang since the beginning of 2024 has increased by 42.7% year-on-year and reached about $13.2 billion. That puts Xinjiang in second place in China in terms of trade growth at the provincial level. Imports of agricultural products specifically increased by 36%. According to the General Customs Administration (GCA) of China, last year the trade turnover between Kazakhstan and Xinjiang increased by 63% and reached $20.3 billion. In the first half of 2023 China became Kazakhstan's main trading partner, displacing Russia. China supplies the country with cars, computers and laptops, plastics and plastic products -- and from Kazakhstan imports oil, natural gas, uranium, ferroalloys, mined ores and concentrates and oilseeds.

Uzbekistan to Open Centres for Workers Seeking Employment Abroad

The Uzbek government is to open 27 educational institutions across the country for the purpose of training potential migrants in professions in demand by foreign employers. Students will also have access to lessons in various languages including English, German, Japanese, Korean and Arabic. Courses will be offered on a paid-contract basis for a year. Attendees with existing proficiency in languages spoken in countries of their choice, will be eligible for a 50% reimbursement by the state of costs incurred in attaining related certificates. Teachers at the centres will receive a 100% salary supplement. The government of Uzbekistan had earlier announced measures to support citizens seeking employment abroad and from June this year, migrant workers will be offered compensation for passing the qualification exam, obtaining a work visa in a foreign country, travel costs and insurance. In addition to training programmes to open up opportunities in better-paid and professional jobs outside Uzbekistan, the government has now confirmed further subsidies for legal and material assistance. According to the Uzbek Agency for External Labour Migration, some 70,000 citizens have legally secured work abroad over the past two years and Germany, Great Britain and Japan have recently shown great interest in employing Uzbek migrants. Remittances from labour migrants to Uzbekistan remain a material part of the country's gross domestic product (GDP) -- accounting for 17.8% in 2023. In neighbouring Tajikistan, migrant remittances account for almost half of the country's economic output, and in Kyrgyzstan, 20%.