• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09143 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09143 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09143 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09143 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09143 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09143 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09143 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09143 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
23 December 2024

Viewing results 319 - 324 of 635

Kyrgyzstan Reports Price Increases for Consumer Goods

According to the National Statistical Committee of Kyrgyzstan, prices for meat, alcoholic beverages, and tobacco products have risen significantly. The largest price increases were observed in Bishkek and the Issyk-Kul region. “Prices for alcoholic beverages and tobacco products, food products, and tariffs for services rendered to the population have increased. At the same time, prices for food products and non-alcoholic beverages decreased,” Deputy Chairman of the Statistical Committee Baktybek Shokenov told a press conference in Bishkek. He said prices fell for fresh fruits and vegetables, cereals, raw milk, eggs, and vegetable oil in the first eight months of 2024. On the contrary, prices for meat, fish, potatoes, salt, rice, cottage cheese, flour of the highest grade, pasteurized milk, sugar, and butter increased significantly. Kyrgyz people have recently complained about a sharp rise in meat prices. Some reports say they have risen by 100 KGS ($1.2) per kilo in six months. The main reason for the sharp rise in meat prices is increased exports; because Kyrgyz meat prices abroad are higher than domestic prices, domestic prices are also rising. Most meat products are exported to neighboring Uzbekistan. Today, a kilogram of beef costs about 650-680 KGS ($8) in the bazaar, although half a year ago, it cost 550-600 KGS ($6-6.5).

Vietnamese Company to Modernize Regional Airports in Kazakhstan

The Sovico Group, a leading investment conglomerate in Vietnam, is to modernize and further develop the infrastructure of Kazakhstan's Turkestan and Kyzylorda airports. As reported by Kazakh Invest, the deal was confirmed in a Memorandum of Cooperation, signed in Astana between Sovico Group Chairman Dr. Nguyen Thanh Hung and Deputy Governors of Turkestan and Kyzylorda regions. The Chairman of Sovico announced plans to increase the frequency of flights from Vietnam to Kazakhstan, as well as the group's potential development of Kazakhstan’s trade and logistics potential, particularly at the Khorgos hub on the Kazakh-Chinese border.  The latter follows discussions with Kazakhstan President Kassym-Jomart Tokayev back in May, during which Nguyen Thanh Hung announced his company's interest in taking control of several airports and investing in logistics warehouses for the storage of goods produced in Vietnam and ASEAN countries for subsequent sale in Kazakhstan, Central Asian countries, the EAEU, and Europe. The Sovico Group has also announced plans to acquire Qazaq Air for the sum of approximately $4.2 million by the end of September 2024;  a move described by President Tokayev in July, as a demonstration of the Vietnamese conglomerate's ambitious plans to develop civil aviation in Kazakhstan and the region. In a country where rail is the main means of transport,  the development of regional airports and domestic flights will have a significant impact on the passage of both cargo and people.

Turkmenistan Continues to Hide Forced Labor in Cotton Fields

Although the season has  yet to officially open, cotton harvesting is already underway in Turkmenistan. As reported by Azatlyk correspondents, workers, including budgetary employees in the Lebap province, are being watched by Ministry of National Security (MNS) officers. These officers, tasked with preventing information about forced labor being leaked, have forbidden the use of cell phones in the fields. Turkmenistan has long been criticized for its use of forced labor on cotton plantations, and authorities continue to hide the reality. The increased control by security agencies coincides with a briefing in Ashgabat on measures discussed in collaboration with the International Labor Organization (ILO), to eradicate child and forced labor. Despite official bans, including an order issued by Labor Minister Muhammetseyit Sylabov in July this year prohibiting the employment of children under 18, child labor continues in some regions, including Kerki and Chardjev etraps, and teachers confirm that high school students, with their parents' consent, participate in cotton picking. At the same time, cotton pickers complain about underpayment. Employers also repeatedly renege on promised rates of pay and in Lebap, citing the poor quality of the cotton harvested, are known to withhold up to 50% of their workers' salaries, leading to inevitable conflict. Despite orders issued by the authorities to increase pickers' wages in accordance with the state's  procurement prices for cotton, the workers' situation shows no sign of improving.  

Uzbekistan’s Gold and Currency Reserves Reach Record Levels

As of September 1, Uzbekistan's international reserves reached $39.15 billion. This reserve value is a record indicator for after 2018 when data disclosure began. In August, the value of international assets increased by $1.75 billion, or about 4.7%, compared to July's increase of $1.06 billion. This increase was mainly due to gold. Although the net physical volume of gold in official reserves decreased from 12.1 ounces to 12 ounces during August, the metal's price on the world market has increased significantly. Due to this, the value of the gold part of reserves increased by $1.24 billion or 4.4% to $30.39 billion in one month. Since the beginning of 2024, the price of gold has risen by 20% on the world market. Last month, the price of standard gold bullion exceeded a million dollars for the first time in history. Uzbekistan was one of the countries that bought the most gold in July. In August, reserve assets in foreign currencies increased from $7.68 billion to $8.19 billion (+ $503.1 million). Uzbekistan’s gold-currency reserves have increased by $4.59 billion or 13.3% since the beginning of the year. The Times of Central Asia previously reported that Uzbekistan’s gold reserves reached $37.4 billion in August.

Kazakhstan Proposes to Abolish Compulsory Military Conscription

In Kazakhstan, activists have led calls to abolish compulsory military service by publishing a petition on the epetition.kz platform directed to the Ministry of Defense. The petition has been provoked by recent tragic cases among servicemen, which, the document's authors say, revealed severe problems in the Kazakh army. The petition emphasizes that the main issues are hazing and non-statutory relations, which exert strong pressure on conscripts, causing psychological trauma and, in some cases, suicide. The authors are also concerned about soldiers' inadequate training. They believe modern challenges and technologies can be effectively countered only by professional soldiers, not temporarily conscripted ones. The authors cite weak medical and psychological supervision as one of the military's critical problems, as it does not help conscripts adapt to army conditions. They propose a switch to a thoroughly professional army, which they believe would improve training and reduce the number of tragic incidents. The petition will be open until October 4. To be considered by the government, a petition in Kazakhstan must garner at least 50,000 votes. In recent years, Kazakhstan has observed an alarming increase in suicides among soldiers. In 2022, President Kassym-Jomart Tokayev ordered an investigation to identify the causes of these incidents. Hazing and psychological pressure remains one of the key causes of these tragedies. Despite the measures taken, such incidents continue. Last month Kazakhstan was shocked by the death of a conscripted soldier in the Mangistau region. According to some reports, an officer shot the enlisted man in the face with a pistol.

Kyrgyzstan Wants to Fine Emigrants Who Leave Their Children at Home

Kyrgyzstan has proposed introducing liability for parents who go to work abroad and leave their children without proper custody. The bill was initiated by the Ministry of Labor and has been submitted for public discussion. It is planned to introduce the concept of “children of migrant workers” into the Children's Code. According to the Ministry of Labor, in the first quarter of this year, about 85,000 children were identified, half of whom are with relatives without legal guardianship. The Ministry emphasizes that parents' absence leads to a lack of love and care; many are forced to work and do not attend school. The new bill proposes fines of 15,000 KGS ($181) for parents who leave their children in the care of relatives, neighbors, children, or acquaintances without notifying the guardianship authorities. Similar measures to protect migrant children exist in other countries. For example, in Uzbekistan, a project was launched in 2018 to support children left behind by parents who go to work abroad. The project is supported by UNICEF and funded by the European Union. It aims to provide social and legal assistance to children without officially appointed guardians. According to the research data, many children are left with relatives without legal guardianship, leading to various social problems that require state support.