• 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%
05 January 2025

Viewing results 19 - 24 of 643

Kyrgyzstan Faces Electricity Deficit of 3.9 Billion Kilowatt-Hours

Kyrgyzstan is grappling with an electricity deficit of 3.9 billion kilowatt-hours as authorities struggle to resolve recurring winter energy shortages despite the construction of new hydroelectric power plants and electricity imports from neighboring countries. President Sadyr Japarov addressed the issue in a recent interview with the state news agency. Japarov acknowledged that the electricity shortfall remains unresolved, attributing it to the growing demand driven by an increasing number of social and infrastructure projects. “Our electricity is cheap. At a production cost of 2.7 Kyrgyz som (KGS) [approximately $0.031] per kilowatt-hour, consumers purchase it for 1.1 KGS. Additionally, under the Family Assistance program, we supply electricity to 69,000 families at a subsidized rate of 0.5 KGS per kilowatt-hour. Moreover, 186,000 consumers in mountainous areas receive electricity at 1.1 KGS without restrictions,” Japarov explained. The president also criticized wasteful electricity consumption in both public and private sectors, citing a lack of awareness and accountability. “Employees and heads of public institutions, schools, and kindergartens irresponsibly leave lights on in workspaces, assuming the state will pay for it. Similarly, street lighting remains on unnecessarily,” Japarov said. For the past 30 years, Kyrgyz citizens have endured periodic electricity blackouts. Japarov urged them to remain patient for another three to four years, assuring that the energy deficit would be resolved with the completion of the Kambarata Hydroelectric Power Plant-1 project, which is expected to stabilize the country's power supply.

Afghanistan’s Electricity Restored Following Supply Issues from Uzbekistan and Turkmenistan

The Afghan Power Supply Company, Da Afghanistan Breshna Sherkat (DABS), recently announced disruptions in electricity imports from Uzbekistan and Turkmenistan. This has left many regions in darkness and sparked public dissatisfaction over the lack of a reliable power supply. The interruptions stemmed from technical problems on the Uzbek side and hurricane-related issues in Turkmenistan. Uzbek authorities confirmed that they were working to resolve the issue swiftly. On December 15, DABS confirmed that the technical issues had been resolved and normal electricity supply from both Uzbekistan and Turkmenistan had been fully restored. Afghanistan relies heavily on electricity imports from neighboring countries, particularly Uzbekistan. In 2023, Uzbekistan extended its contract to export electricity to Afghanistan, underscoring the continued energy partnership between the two nations. In earlier discussions, Afghanistan offered Uzbekistan opportunities to invest in its natural resources, including oil, gas, and copper deposits in the provinces of Ghazni and Herat, along with the potential to establish mineral processing plants.

Marked by Tragedy: Why Kazakhstan’s Independence Day Is a Day of Reflection

On December 16, Kazakhstan marks Independence Day, commemorating the adoption of the Law on Independence and State Sovereignty of the Republic of Kazakhstan in 1991. Until 2022, the country observed this holiday over two days - December 16 and 17 - but recent legislative changes have reduced the celebration to a single day. The amendments to the Law on Holidays in the Republic of Kazakhstan, adopted in September 2022, redefined the country’s official holidays. Republic Day on October 25 regained its national holiday status, while December 1 - Day of the First President - was removed as a public holiday. Independence Day, while still classified as a state holiday, was given a more somber tone, with official emphasis placed on honoring the sacrifices that paved the way to sovereignty. [caption id="attachment_26631" align="aligncenter" width="1204"] @TCA, Askar KubaizhanovIndependence monument[/caption] From Republic Day to Independence Day The roots of Republic Day lie in Kazakhstan’s Declaration of State Sovereignty, adopted on October 25, 1990, as the Soviet Union was nearing its collapse. The declaration symbolized Kazakhstan’s first step toward independence. However, following the country’s full independence in 1991, December 16 became the primary national holiday. Republic Day lost its significance in 2009 but was reinstated as a national holiday in 2022. President Kassym-Jomart Tokayev, in his proposal to restore Republic Day, emphasized its role as the foundation of Kazakhstan’s independence journey. He suggested that Independence Day, while significant, should serve as a time for mourning and remembrance to honor those who contributed to the country’s sovereignty. [caption id="attachment_26632" align="aligncenter" width="1600"] @TCA, Askar Kubaizhanov[/caption] The Legacy of December 1986: Zheltoksan Protests December 16 carries weighty historical significance for Kazakhstan. On this day in 1986, protests erupted in Alma-Ata (now Almaty) after Moscow appointed Gennady Kolbin - a Soviet official with no prior ties to Kazakhstan - as head of the Kazakh SSR. Young Kazakh protesters demanded the application of the Korenization principle, which advocated for local leadership in Soviet republics. The protests, often viewed as a precursor to Kazakhstan’s independence movement, were violently suppressed by Soviet authorities. The operation reportedly codenamed “Blizzard,” was designed to provoke unrest and then crush it through bloodshed. Controversially, Nursultan Nazarbayev, who would later become Kazakhstan’s first president, was aligned with Soviet power at the time. In his memoir "Without Right and Left, "Nazarbayev claimed he led one of the protest columns during the demonstrations. For many Kazakh citizens, particularly those who participated in or were affected by the events, December 16-17 remain days of mourning. Almaty’s Peace Street was renamed Zheltoksan Street to honor the memory of the victims. December 2011: The Zhanaozen Tragedy The somber tone surrounding Independence Day was reinforced by the events of December 16, 2011, in Zhanaozen. For months prior, oil workers in the Mangystau region had been on strike, demanding better wages. The protests escalated when workers occupied the city’s central square. On Independence Day, clashes broke out between protesters and local officials during holiday celebrations. The situation turned violent when a group of...

Akylbek Japarov Dismissed as Kyrgyzstan’s Cabinet Chief

On December 16, Kyrgyzstan’s head of the Cabinet of Ministers and Presidential Administration, Akylbek Japarov was dismissed from his position. Sources within the presidential administration confirmed the news to The Times of Central Asia. According to reports, President Sadyr Japarov has signed a decree formalizing the resignation. Akylbek Japarov is expected to be appointed as an advisor to the president. In the interim, Adylbek Kasymaliev, the first deputy head of the Cabinet of Ministers, will serve as acting prime minister. The appointment of a permanent successor has yet to be announced. After a long political career including, holding posts under former president's Akayev an Bakiev, Akylbek Japarov’s return to the forefront of Kyrgyz politics under President Japarov began in 2021, when he was appointed as an advisor on financial and economic issues. He later served as Minister of the Economy and Commerce, and as Deputy Chairman of the Cabinet of Ministers. On October 13, 2021, he assumed the dual role of head of the Cabinet of Ministers and head of the Presidential Administration, a position he held until his dismissal. Akylbek Japarov’s tenure as head of government stands out for its longevity. Since Kyrgyzstan gained independence in 1991, the country has seen 33 prime ministers, many of whom served for less than a year, whilst some held office for only a few days. In this context, Akylbek Japarov’s relatively long tenure of more than three years marks a significant achievement in Kyrgyz political history. From 2000 to 2005, Akylbek Japarov served as a deputy in the Jogorku Kenesh (parliament). Over the years, he held various key positions, including first deputy prime minister, deputy, and chair of the Committee on Budget and Finance. Akylbek Japarov gained particular recognition during his tenure as Minister of Economy and Finance for championing the controversial idea of passports for livestock. This initiative aimed to help farms export meat by providing identification for livestock, thereby improving traceability and quality standards.

Uzbek Teenager Illegally Earned Over $2.5 Million Through Cryptocurrency

A 17-year-old boy has been detained in the Zhondor district of Uzbekistan’s Bukhara region for allegedly conducting illegal cryptocurrency transactions. Authorities claim the teenager engaged in the acquisition, transfer, and exchange of crypto-assets without obtaining the required licenses. Over the course of his activities, he reportedly amassed approximately 34 billion UZS (around $2.6 million). Law enforcement officials have filed a criminal case against the teenager under Article 278-8, Part 3, of Uzbekistan’s Criminal Code. This article addresses violations of laws regulating cryptocurrency transactions. Authorities have seized all of the funds the teenager earned through his alleged activities. A preliminary investigation is ongoing to determine the full extent of the violations and uncover any additional details surrounding the case. Cryptocurrency transactions in Uzbekistan are tightly regulated, with severe penalties for non-compliance. Under the law: Purchasing, selling, or exchanging crypto-assets without a license is punishable by administrative arrest of up to 15 days or a fine of 20–30 Basic Calculation Units (BCUs). Confiscation of both crypto-assets and associated funds is also mandatory. If an individual continues illegal activities after receiving an administrative penalty, they may face criminal charges, including imprisonment of up to 5 years. Unauthorized cryptocurrency mining can result in administrative arrest of up to 5 days or fines ranging from 20 to 30 BCUs. For reference, one BCU currently equates to 330,000 UZS (about $25). To conduct cryptocurrency operations legally in Uzbekistan, individuals and businesses must use licensed service providers. Licensed entities ensure compliance with the country’s strict regulatory framework, minimizing risks for participants in the crypto market.

Hydropower Development in Kyrgyzstan Gets Boost from EDB

The Eurasian Development Bank (EDB), the Ministry of Economy and Commerce, and the Ministry of Energy of Kyrgyzstan have signed a trilateral Memorandum of Cooperation for the Suusamyr-Kokomeren Hydropower Plant (HPP) Cascade Project. The memorandum outlines the EDB’s commitment to providing financial support for the preparation of project documentation, including a pre-feasibility study. The agreement focuses on developing the financial and economic model for the project, estimating capital costs, evaluating social and environmental impacts, and determining technical solutions and government support measures needed for its success. The Suusamyr-Kokomeren HPP Cascade will be located on the Kokomeren River and is expected to play a pivotal role in Kyrgyzstan’s energy sector. The cascade will consist of three hydropower plants with a combined capacity of 1,305 MW, meeting the country’s increasing electricity demands. Sanjar Bolotov, Kyrgyzstan’s Deputy Minister of Economy and Commerce, emphasized the significance of the project, commenting: “This major project will not only meet the country’s domestic electricity needs but also position Kyrgyzstan as a leading exporter of clean energy in the region.” The EDB is a multilateral development bank that includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan as member states. It is dedicated to investing in regional development initiatives across Eurasia. The Suusamyr-Kokomeren HPP Cascade is part of the EDB’s flagship investment initiative, the Central Asian Water and Energy Complex. This mega-project aims to strengthen water and energy cooperation among Central Asian countries while addressing local socio-economic challenges.