• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10621 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10621 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10621 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10621 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10621 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10621 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10621 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00218 0%
  • TJS/USD = 0.10621 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%

Viewing results 1207 - 1212 of 2468

Ashgabat Promotes Turkmen and Iranian Fashion and Textiles

A Turkmen-Iranian exhibition showcasing the two countries' fashion and textile industries has newly opened at the Turkmenistan Academy of Arts. Speaking at the event, Navid Rasouli, Cultural Counselor at the Iranian Embassy in Ashgabat, announced, “The fashion industry is rapidly developing and knows no stagnation as new generations always need updated clothes and stylish images. Iran and Turkmenistan have an opportunity to establish close cooperation in this field. The first joint fashion show and professional skills training can become a basis for demonstrating the international capabilities of both countries and contribute to the expansion of economic ties." Textile companies and famous brands represented in the exhibition, include seven from Iran alongside the Ashgabat Model House of the Ministry of Textile Industry and several other enterprises from Turkmenistan. Comprehensive in its remit, the event brings together designers, embroiderers, needle workers, and weavers allowing visitors to discover a wide range of  fabrics, fashion and accessories currently being created with traditional and modern techniques in both countries. In addition to providing information on courses, the exhibition also offers visitors classes on various types of needlework by Iranian master craftspeople.

EBRD to Support Pilot Project for Renewable Hydrogen in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) will finance Central Asia's first renewable hydrogen production project in Uzbekistan. The project includes the installation of a 20 MW electrolyzer and constructing a new 52 MW wind farm. The EBRD is providing a $65 million (€58 million) financing package to ACWA Power UKS Green H2, which is developing, designing, constructing, and operating the facility. This company is jointly owned by ACWA Power and Uzkimyosanoat (UKS), a large state-owned chemical holding company. Financing includes a $55 million senior loan from the EBRD and $10 million in concessional financing from Canada through the High Impact Partnership on Climate Change Special Fund (HIPCA). The EBRD also plans to provide an equity bridge loan of up to $5.5 million (€4.9 million) and up to $5.5 million (€4.9 million) for the project. The project, supported by the Japan-EBRD Cooperation Fund, will help replace “grey” hydrogen, derived from natural gas and widely used in producing ammonia fertilizers in Uzbekistan, with renewable hydrogen. The latter is recognized as a critical alternative for decarbonizing the fertilizer sector. The facility is expected to make up to 3,000 tons of hydrogen annually, reducing annual CO2 emissions by 22,000 tons. The Bank also noted that Uzbekistan, the leading recipient of EBRD financing in Central Asia, has already received about €5 billion under 164 projects, most of which support private entrepreneurship. The Times of Central Asia has previously written that the Asian Development Bank (ADB) has announced the launch of a five-year partnership strategy with Uzbekistan from 2024 to 2028. The strategy will support Uzbekistan's reforms in promoting the country's transition to a green economy, supporting private sector development and competitiveness, and stimulating investment in economic capital.

Moldova To Open Embassy in Kazakhstan

The government of Moldova has approved plans to open its first embassy in Kazakhstan's capital of Astana. The opening of the embassy is intended to expand Moldova's diplomatic presence in Central Asia, and strengthen economic and cultural ties with Kazakhstan. Kazakhstan is an important regional economic player, with rich energy resources and a significant Moldovan diaspora. According to the Moldovan Foreign Ministry, about 20,000 Moldovan citizens living in Kazakhstan currently have to seek consular assistance from the Moldovan diplomatic mission in Russia. The ministry said that Kazakhstan is a promising market and an essential partner for attracting investments and developing bilateral trade. The opening of the embassy is expected to contribute to a more active political dialog, and create new opportunities for economic cooperation between the countries. The decision also aligns with Moldova's National Development Plan 2025-2027, which aims to expand its diplomatic and consular network worldwide. The country seeks to diversify its trade portfolio, particularly in the European Union or the EU's immediate neighborhood.

Kazakhstan and Tajikistan to Cooperate Over Rare-Earth Metals

Kazakhstan’s national atomic company, Kazatomprom, the world's largest producer of uranium, has announced a new strategic partnership with Tajikistan’s TajRedMet (Tajik Rare Metals) in the mining and processing of uranium and rare and rare-earth metals. According to the parties' agreement, the companies will collaborate in exploring, mining, and processing uranium and other rare and rare-earth metals, conducting research and development work, introducing innovative technologies, and training personnel. Meirzhan Yussupov, CEO of Kazatomprom, commented: “This step is of great importance for strengthening the partnership between our companies. Although it is too early to talk about specific results, we are focused on promising joint projects in the uranium industry and rare and rare-earth metals, which can significantly benefit Kazakhstan and Tajikistan.” As part of the agreement, TajRedMet representatives will soon visit Kazakhstan to inspect Kazatomprom's production facilities and assess the potential for further cooperation in more detail. According to an IAEA research paper, Tajikistan has significant mineral resources awaiting development, including rare metals, earth elements, and uranium. Several countries have expressed interest in the development of Tajikistan’s uranium resources. Russia was considering assisting Tajikistan in developing its uranium resources, as well as assisting in geological prospecting, with the aim of involvement in the subsequent extraction and possible processing of uranium. China’s Guangdong Corporation has also expressed an interest in participating in projects to develop Tajik uranium deposits. The Tajik government has also agreed to allow Indian companies to explore for uranium mineralization. In his address to parliament in December 2023, Tajik President Emomali Rahmon ordered the government to focus on mining lithium, tungsten, nickel, and antimony, and develop a program for processing these metals domestically into finished products.

Kazakhstan Bans Apple Imports as Big Harvest Expected This Year

On August 27, the government of Kazakhstan imposed a temporary ban on importing apples into Kazakhstan by motor transport until the end of the year. The ban does not apply to imports from fellow members of the Eurasian Economic Union -- Armenia, Belarus, Kyrgyzstan, and Russia. The Kazakh Ministry of Agriculture explained that this year's total apple harvest is projected to be 300,000 tons. This higher than average volume was achieved thanks to government support measures provided in previous years to cultivate apple orchards. In 2024, new apple orchards will have reached full fruiting capacities, and yields will increase by 18%, which will fully meet the needs of the domestic market. Kazakhstan is the birthplace of apples — particularly the famous aport apples, which grow in the Almaty region. Translated from Kazakh, Almaty means “place of abundance of apples.” Aport apples are distinguished by their large size, distinct smell, and succulent nature. One of the prominent landmarks in Almaty, the first sight to greet visitors to the Kok-Tobe Mountain, which looms over the city, is a granite statue of an apple with water gushing from its core. In 1970, there were 3.8 million aport trees in Kazakhstan, but by 1984, only 1.4 million remained. In 2012, scientific research began on the revival and rejuvenation of the variety, including establishing an experimental garden of aport grafted onto Sievers apple trees. In 2023, Kazakh scholars harvested the first fruits weighing 400–500g.

U.S. Think Tank Calls on American Politicians to Make Uzbekistan a Valued Partner

Daniel Runde, a senior vice-president at the Washington, D.C.-based think tank the Center for Strategic and International Studies (CSIS), has called on American politicians to strengthen the U.S.'s relations with Uzbekistan. He believes that Uzbekistan, a key partner for the United States in Central Asia, deserves more attention from the West. With Russia’s invasion of Ukraine and growing competition with China, the U.S. could strengthen ties with Uzbekistan to promote regional stability and counterbalance Russian and Chinese influence. “Uzbekistan seeks more engagement with the United States through bilateral efforts and the “C5+1” (the five Central Asian countries plus the United States) diplomatic platform. We might never become Uzbekistan’s best friend. However, we could become better and more reliable friends. Uzbekistan has five bordering countries, and at one point in the early 2000s, it considered the United States its ‘sixth neighbor,’” Runde mentioned. “When the U.S. government was active in Afghanistan, we supported Uzbekistan’s efforts to develop its economy and invest in its security. With our disengagement from Afghanistan, we need to look at Uzbekistan as the valued partner that it could be and re-engage. We should work towards the day that Uzbekistan considers the United States its ‘sixth neighbor’ again.” According to Runde, there are several goals that the US could assist Uzbekistan in achieving. While some are significantly more difficult to handle, others are relatively straightforward: 1) Uzbekistan wants U.S. support to join the World Trade Organization (WTO), a goal it has pursued for almost 30 years. The U.S. has provided some technical help, and during a recent visit, U.S. Trade Representative Katherine Tai reaffirmed America’s support. For further progress, Uzbekistan could benefit from greater involvement from U.S. institutions like the Development Finance Corporation (DFC), Export-Import Bank (EXIM), and U.S. Trade and Development Agency (USTDA) to strengthen trade ties with the U.S. 2) Uzbekistan and other Central Asian countries want the U.S. to repeal the Jackson-Vanik Amendment, which restricts regular trade with them. This amendment, initially targeting Soviet-era policies, is now outdated and seen as disrespectful, as it treats these nations as if they are still part of the Soviet Union. Repealing it would show that the U.S. respects their independence and is ready to treat them as equal partners. “Jackson-Vanik now restricts normal trade relations with several existing and former nonmarket economies, including Uzbekistan. For countries like Uzbekistan, Jackson-Vanik is a sign of disrespect that encourages them to take their business to China, Russia, Turkey, or the Gulf,” Runde argues. 3) He notes that many developing countries, including Uzbekistan, would like to see Congress successfully renew the Generalized System of Preferences (GSP), a trade preference program. “The GSP benefited many developing countries by providing duty-free treatment for their products. With the absence of this program, trade volumes between Uzbekistan and the United States have not been as impressive as they might have been. Compare U.S. trade with Uzbekistan and Uzbekistan’s trade with China, Russia, or the EU. The lapse of the U.S. GSP has had a real impact on our influence...