• KGS/USD = 0.01129 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09157 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01129 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09157 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01129 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09157 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01129 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09157 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01129 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09157 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01129 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09157 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01129 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09157 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01129 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09157 0%
  • UZS/USD = 0.00008 0%

Viewing results 7 - 12 of 73

New Case Against Nazarbayev’s Former Niece-in-Law Brought to Court

The Anti-Corruption Service of Kazakhstan has completed its investigation into the criminal case against Gulmira Satybaldy - the ex-wife of Kairat Satybaldy - nephew of former President of Kazakhstan, Nursultan Nazarbayev. Ms. Satybaldy is accused of illegal imprisonment, extortion on a large scale, and arbitrariness which led to grave consequences. The criminal case was transferred to a specialized court in Almaty. According to law enforcement agencies, other information is not subject to disclosure at this juncture. Gulmira Satybaldy was originally detained by the anti-corruption service on March 16, 2022, accused of abductions and aiding the commission of a crime. A year ago this month, she was sentenced to seven years, but has since been incriminated in further crimes. Gulmira Satybaldy's ex-husband, Kairat, was convicted of abuse of power and embezzlement of funds from the state company, Kazakhtelecom. According to official data, since 2022 he has repatriated more than 700 billion tenge ($1.58 billion) worth of illegal assets to the state.

Strapped For Cash: Officials in Turkmenistan Have to Buy Watches With the Berdymukhamedovs’ Faces on Them

In Turkmenistan's Balkan province, heads of government agencies are being forced to buy wristwatches with the current president Serdar Berdymukhamedov and his father, the previous president Gurbanguly Berdymukhamedov on the face. They cost from 1,500 to 3,000 manats ($430-$860 at the state exchange rate or $75-$150 at the black-market rate), according to a report by Radio Azatlyk. The heads of all departments -- including healthcare, education, law enforcement, transport and communication companies -- at the velayat (regional) and etrap (district) levels are required to buy wristwatches with portraits of the Berdymukhamedovs elder and younger. The heads of higher-level offices were obliged to buy a commemorative watch with double portraits costing 3,000 manats, while the heads of small budgetary organizations will have to shell out 1,500 manats for the watch. According to Azatlyk, several different watches are available. The most expensive one has a portrait of Serdar Berdymukhamedov in a black tie on the left and his father Gurbanguly Berdymukhamedov, now chairman of the Halk Maslahaty (People's Council), in a red tie on the right. The flag of Turkmenistan is placed at the top of the face, and there is a map of the country at the bottom. Other watches have only the portrait of Serdar Berdymukhamedov and a map, while the third watch has him with the flag and map. During the reign of independent Turkmenistan's first leader Saparmurat Niyazov, watches with his portrait were also produced and given as gifts to schoolchildren and employees of state-run and government agencies. A government worker from the town of Turkmenbashi told Azatlyk's correspondent: "We used to see watches with the president's image during Niyazov's time. It is not surprising that Serdar Berdymukhamedov has also started producing gift watches with his portrait on them. Now all that's left is for him to start installing statues to himself all over the country." "We already can't make ends meet because of constant extortions to buy books and [attend] various events," the frustrated worker added.  

Divisive Forces Prompt Tokayev’s “National Unity” Message

At the 32nd session of the Assembly of the People of Kazakhstan, President Kassym-Jomart Tokayev promoted peace and harmony as the state ideology and impressed on “national unity” by referring to all citizens of his country as Kazakhs regardless of their ethnic, linguistic or religious affiliation. “Society should not be divided on these grounds”, Tokayev said. Kazakhstan, a predominantly Muslim nation where Christians make up nearly 25% of the population, constitutes a genuine melting pot housing 131 different ethnicities. Such diversity can positively fuel innovation by merging different perspectives and create complex problem-solving methods. But it can also turn into a vulnerability when differences are manipulated to divide communities to gain political advantage. The Assembly of the People of Kazakhstan was established in 1995 to mitigate such risks and foster social harmony in the country.   Forces of division The President's latest statements draw attention to what the country perceives as threats to its national unity, which also reverberate elsewhere in the world, including corruption, malign foreign influence, and disinformation. It is difficult to ascertain whether foreign-backed political activities are genuinely aimed at enhancing the human condition in a country or are instead trying to undermine the state's stability to advance the agendas of other states or individuals. Worryingly for Kazakhstan, a survey of whom many of the well-known political activists are affiliated with shows that they have not grown organically from the country’s civil society ecosystem. Instead, they are often funded by foreign states, NGOs and/or oligarchs. This represents a complex scenario that should alarm true defenders of democracy and human rights. Firstly, the entrenched oligarchy formed under former President Nazarbayev’s thirty-year reign presents a challenge to the current leadership’s efforts to tackle corruption, kleptocracy and disinformation. These powerful business elites, who largely control the economy and media, resist any efforts to curtail their reach and influence. The government’s anti-corruption initiatives and asset recovery efforts are seen as direct threats to their wealth and dominance. Secondly, foreign actors see Kazakhstan’s strategic value in the renewed Cold War between Russia and the West. While Kazakhstan’s official and clear position has been one of neutrality, foreign-backed grassroots movements and misinformation campaigns have aimed to move society to take one side or another in this somewhat bipolar battle. The convergence of these domestic and international pressures forms a formidable challenge that threatens to compromise Kazakhstan's sovereignty and the welfare of its citizens. The oligarchs, mainly fearing repatriation of their assets hidden abroad through the recovery efforts of the country’s new leadership, could be inclined to support state-led polarization efforts to weaken the government, thus further intensifying the threat to Kazakhstan's peace and stability.   The evolution of the Kazakh ideology The development of Kazakhstan's national identity has been in the works since its independence from the Soviet Union in 1991, and has intensified as the country became a focal point for foreign powers seeking influence in 2022. This broader statehood identity celebrates Kazakhstan's history and diversity. President Tokayev appears to be leading...

National Bank of Kyrgyzstan Slashes Its Key Lending Rate, Explains Move Amid Weaker Inflation

Kyrgyzstan's national bank has lowered its discount lending rate by 200 basis points to 11%, from 13% previously. As reported by the Kyrgyz National Bank's press service, its monetary policy since the beginning of 2022 has focused on limiting the growth of inflationary pressures and ensured stabilization of price dynamics in the country, which led to slower price growth and bringing current inflation within the medium-term target and reducing the level of inflationary expectations of economic entities. Under these conditions, the National Bank decided to reduce the size of the discount rate to 11%. "Inflationary processes in the Kyrgyz Republic continue to weaken. The indicator of annual inflation in April 2024 amounted to 5.2 percent, down from 7.3 percent in December 2023, and is near the lower boundary of the medium-term monetary policy target of 5-7 percent. [Within] the structure of inflation, a pronounced slowdown in price growth is observed in the food group of goods (to 1.1 percent in April 2024 from 3.4 percent in December 2023), which is also influenced by the decline in prices in world food markets. The growth rate of prices for non-food goods and services is decreasing, with more restrained dynamics," explained the bank. In Kyrgyzstan economic activity is robust. Real GDP growth in the first quarter (January-March) of 2024 amounted to 8.8%. As before, the main contributions to economic growth came from the services sector, construction and manufacturing industries. Domestic consumption remains elevated, including at the expense of growth in consumer lending, and is helped along by an increase in net inflows of remittances into the country as Russia's acute worker shortage due to its war in Ukraine helps Central Asian migrant laborers. Despite the persistence of uncertainty in the external economic environment, there is a decrease in the intensity of the influence of external  inflationary factors, the National Bank said. "The country's banking sector remains stable and demonstrates growth of key indicators. In general, commercial banks have sufficient liquidity, which creates the basis for further lending to the real sector of the country. In the money market, short-term interest rates continue to be formed within the interest rate corridor set by the National Bank. The domestic foreign exchange market is stable. The adopted decision corresponds to the course of the National Bank's monetary policy, aimed at maintaining price stability in the country and creating conditions for macroeconomic stability," the central bank's press service summarized.

Wages in Uzbekistan Continue to Rise in Early 2024

According to the Uzbek Statistics Agency, as of the end of the first quarter of 2024, the average monthly nominal salary in Uzbekistan reached $389. This translates to an increase of almost 20% compared to the same period last year. Average wages are among the highest in the capital of Tashkent ($640) and the Navoi region ($514). Workers in the banking, insurance, credit and professional services spheres earn the most, at $1,043 per month. In the IT sector, Uzbeks earn $925 on average. The lowest wages are traditionally paid to workers in education and healthcare; in the first quarter of 2024, their salaries averaged $269 and $253, respectively. Since 2019, average salaries in Uzbekistan have increased from $183 to $389. For 2023, all Commonwealth of Independent  States (CIS) countries saw an increase in average monthly wages. The highest rates of growth were recorded in Armenia and Belarus. Average wages in the CIS countries in 2023 were as follows (based on state statistics): 1. Tajikistan - 2,013.11 somoni ($183) 2. Uzbekistan - 4.5 million som ($360) 3. Turkmenistan - 1,200 manat ($360) 4. Kyrgyzstan - 33,664 som ($376) 5. Azerbaijan - 942 manat ($550) 6. Belarus - 1,991.2 rubles ($616.50) 7. Armenia - 266,990 dram ($660) 8. Russia - 73,709 rubles ($805) 9. Kazakhstan - 393,605 tenge ($874)

Kazakhstan Charges Former Minister Yerlan Turgumbayev With Abuse of Power

Kazakhstan's General Prosecutor's Office has confirmed its detention of a former high-ranking police officer. Yerlan Turgumbayev, the country's former minister of internal affairs, has been charged with abuse of power, resulting in grave consequences, during the public unrest and political upheaval in January 2022. "The Prosecutor General's Office continues to investigate criminal cases related to the January 2022 events. On April 29, ex-Minister of Internal Affairs Yerlan Turgumbayev was detained for abuse of power and official authority that caused grave consequences," the prosecutor's office said in an official statement. The office mentioned that the criminal case contains information that includes classified state secrets; therefore, the data, findings and statements included in the pre-trial investigation are not subject to disclosure. As has already been widely reported, in early 2022 in Kazakhstan thousands of protests were organized across the country, which, when brutally suppressed by government forces, went down in history as Qandy Qantar -- "Bloody January." What began as peaceful anti-government demonstrations turned into uncontrolled riots with numerous casualties among the civilian population. Rapid response forces from the Collective Security Treaty Organization (CSTO), which includes Armenia, Russia, Kyrgyzstan, Belarus and Kazakhstan, were deployed. After the violent suppression of the protests, a number of high-ranking officials were arrested and accused of attempting a coup d'état. In March 2024, the General Prosecutor's Office reported that Turgumbayev was being questioned as part of ongoing investigations against security officials for failing to ensure law and order and public security during the January events, as well as for torturing citizens. Turgumbayev became head of the Interior Ministry in 2019. Before that he headed the police department of Kazakhstan's largest city, Almaty. In February 2022 he was dismissed from his post and appointed as an adviser to Kazakhstan's president, Kasym-Jomart Tokayev.

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