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Kyrgyzstan Introduces Law on Compulsory Home and Car Insurance

From September 2024, when re-registering cars, owners must provide a contract on compulsory civil liability insurance. The same applies to real estate. The law was adopted eight years ago, but has been delayed under public pressure. According to the State Insurance Organisation (SIO), the introductory amount of car insurance is 1,680 KGS ($20). The final amount will be affected by driving experience, driver age, and engine displacement. The legal department of the State Insurance Organization explained to The Times of Central Asia that a vehicle's insurance policy will be required when it is re-registered with the state authorities. “Employees of the State Insurance Organization are at the places of registration of motor vehicles throughout the country and will issue MTPL insurance policies on the spot. The average amount of MTPL insurance for passenger cars will range from 2,000 to 4,000 KGS ($25-45),” said Ulukbek Nishonov, head of the legal department of the State Insurance Organization. Fifteen private insurance organizations will also insure cars. The law on compulsory car insurance in Kyrgyzstan was adopted more than eight years ago. Nevertheless, no sanctions have been imposed for non-compliance with the law. Most Kyrgyz motorists considered compulsory insurance a “waste of money.” Now, the authorities have figured out how to force everyone to insure their cars, even those without insurance policies or car registration. At the same time, ordinary citizens will not be fined for the lack of insurance. Officials claim that compulsory insurance is a social project. It is worth noting that the law on compulsory real estate insurance also came into force on August 26, 2024. Here, just as in the case of car insurance, citizens will be obliged to insure their property against fire and natural disasters only when re-registering housing. In other cases, it can be done voluntarily. At the same time, the state holds a monopoly on residential property insurance.

Central Asia Justice Local Politics Kyrgyzstan Kyrgyzstan Local Politics

Kyrgyzstan’s Culture Ministry Wants to Fine People for Spreading “Disinformation” Online

Kyrgyzstan's Ministry of Culture, Information, Sports, and Youth Policy has proposed issuing fines to people who promote 'disinformation' online. According to the proposed amendments to the Code of Administrative Offenses, citizens who are found to have spread false information through media, websites, or social networks could be fined up to 100,000 KGS (about $1,200). For legal entities, the amount will be 200,000 KGS (about $2,400). The ministry emphasized that in recent years there has been an increase in cases where false information on the internet has led to conflicts and a deterioration in public sentiment. However, this has sparked debate in society and among human rights activists, who fear that such measures could limit freedom of expression and lead to the control of journalists and internet users. The ministry had previously proposed other amendments, which would allow fines to be imposed for libel and slander in the media and online.

Central Asia International Affairs Kyrgyzstan Local Politics Kyrgyzstan International Affairs Business & Economy Kyrgyzstan Local Politics Kyrgyzstan Business & Economy

South Korea Helps Launch A New Payment System in Kyrgyzstan

On August 27, a Kyrgyz-Korean joint company, BC Card Kyrgyzstan, officially opened as a partnership between the leading South Korean companies BC Card and Smartro and the Interbank Processing Center of Kyrgyzstan. The chairman of Kyrgyzstan's Cabinet of Ministers, Akylbek Japarov, attended the opening ceremony and made the first payment in the BC Card Kyrgyzstan system. In his speech, Japarov emphasized the importance of this event for further developing the country's financial infrastructure. "The company was created to modernize and adapt the advanced payment processing system developed by BC Card Korea to the conditions of the financial market of Kyrgyzstan. The company's main objective is to ensure optimal processing of domestic payments using cards of international payment systems and managing the business of POS terminals and payment services within Kyrgyzstan," he said. The head of the Cabinet of Ministers added that in recent years, the government has consistently supported the development of non-cash payments in Kyrgyzstan. "The development of non-cash payments is not only a step towards modernizing our economy, but also towards strengthening financial security and increasing financial inclusion," Japarov stated.

Central Asia Tajikistan International Affairs Tajikistan Business Economy Tajikistan International Affairs Local Politics Business & Economy

Eurasian Fund for Stability and Development to Fund Renovation of Tajikistan’s Roads

The Eurasian Fund for Stabilization and Development (EFSD) has announced that it will allocate funds to renovate Tajikistan's main roads. The work will involve construction of 51 anti-avalanche galleries, extending to over 5,200 meters, in vulnerable sections of Tajikistan’s highways. Established in 2009 to operate in Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan, the EFSD promotes economic and financial stability in these countries to support their sustainable development. The Times of Central Asia has previously reported that the EFSD's financing of the Rogun hydroelectric power plant is one of the main risks to Tajikistan’s budget and debt sustainability. Analysts from the fund have emphasized that “in the face of uncertainty regarding funding sources, starting in 2025, the government of Tajikistan may have additional needs for budgetary support from international financial organizations.”

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Kazakhstan Officially Backs Nuclear Power Referendum

The government of Kazakhstan has approved a draft resolution to hold a national referendum on constructing a nuclear power plant (NPP). The meeting, chaired by Prime Minister Olzhas Bektenov, discussed the prospects for developing nuclear energy in the country. Energy Minister. Almasadam Satkaliyev noted that the referendum will allow Kazakhstanis to make an important decision about the future of the country's energy security. Bektenov emphasized that Kazakhstan has mastered almost the entire cycle of nuclear fuel production and has experience with small reactors. However, the current shortage of energy capacity requires new solutions to avoid purchasing electricity from abroad. With the global abandonment of coal-fired power plants and the limited potential of renewable energy sources, the development of nuclear power is the most promising direction. According to the International Atomic Energy Agency, 415 nuclear power units operate worldwide, and 61 new units are under construction in 15 countries, including China and the UK. With its significant uranium resource base, Kazakhstan can ensure stable electricity tariffs and independence from raw material price fluctuations. Modern NPPs have a multi-level safety system that meets IAEA international standards. According to Bektenov, nuclear power should become the basis for Kazakhstan's energy-intensive economy, stimulating innovation and industry development. The draft resolution was supported unanimously. The Ministry of Energy and the Government Office were instructed to submit a draft decree to the Presidential Administration. Talks on constructing a nuclear power plant in Kazakhstan have been ongoing for many years; the idea of the need for a nuclear power plant first appeared after the closure of the Soviet reactor in Aktau in 1999. Since then, the country has repeatedly raised questions about the development of nuclear power, especially in the context of improving energy security and climate change resilience. However, public opinion remains divided; many people in the country remember the consequences of nuclear tests at the Semipalatinsk test site and fear environmental risks. In 2021, discussions about constructing a nuclear power plant intensified when a possible site for Kazakhstan's first atomic power plant began to be considered in Almaty Oblast, near the village of Ulken. These plans sparked lively public debate and protests among residents and environmentalists. President Kassandra-Jomart Tokayev proposed a national referendum to give citizens a say on this critical issue.

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Kazakhstan’s Kapchagay Reservoir Fills Up For First Time In A Decade

Kazakhstan’s Ministry of Water Resources and Irrigation announced on August 26 that the Kapchagay reservoir outside Almaty was completely full for the first time in ten years. Created in 1970 as an artificial lake, 100km long and up to 25km wide in places, the reservoir can hold more than 18 billion cubic meters of water. The reservoir collects water from the Ili River, which originates in China. This spring, the ministry said up to 900 cubic meters of water per second flowed into the reservoir, attributing the increased inflow to the melting of the Tien Shan mountain glaciers and higher than usual rainfall. The reservoir was initially meant to regulate the flow of the Ili River on its way to Kazakhstan’s largest lake, Balkhash. Today, it is used for irrigation, fish farming, and recreation. Located a one-hour drive from Almaty, its beaches are popular with holidaymakers. According to Medet Kerimzhanov, deputy head of the Balkhash-Alakol basin inspectorate, the last time the Kapchagay reservoir was 100% full was in 2014. Today, 750 cubic meters of water per second are released from the reservoir to irrigate fields. Kerimzhanov added that the irrigation season in the region will continue until the end of September. Earlier this month, the Ministry of Water Resources said it was drafting an intergovernmental agreement between Kazakhstan and China on distributing water from transboundary rivers — the Ertis, the Ili, and the Emel. To date, the parties have reached a consensus on several provisions of the future agreement, the ministry said.