• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00193 0%
  • TJS/USD = 0.09155 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00193 0%
  • TJS/USD = 0.09155 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00193 0%
  • TJS/USD = 0.09155 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00193 0%
  • TJS/USD = 0.09155 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00193 0%
  • TJS/USD = 0.09155 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00193 0%
  • TJS/USD = 0.09155 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00193 0%
  • TJS/USD = 0.09155 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00193 0%
  • TJS/USD = 0.09155 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
27 December 2024

Viewing results 2221 - 2226 of 824

German Company to Invest €100 Million in Plastic Production in Kazakhstan

On January 12th in Berlin, a meeting took place between the Ambassador of Kazakhstan to Germany, Nurlan Onzhanov, the Official Representative of the National Company KAZAKH INVEST, Saken Olzhabayev, and the owner of WIS Kunststoffe GmbH, Sigmar Roemhild. Therein, the Kazakh and German sides discussed plans for the construction of a plastic production plant in Kazakhstan’s Atyrau region, KAZAKH INVEST has reported. Sigmar Roemhild stated that his company is at the stage of completing the pre-investment process of analyzing the market in Kazakhstan and initially plans to invest about €100 million in the design and construction of the plant. According to Roemhild, there is great potential for production in the country due to its strategic location, favorable investment climate, and availability of raw materials. WIS Kunststoffe GmbH specializes in the production of plastic and polymer raw materials and compounds, polyolefin, styropolymers, technical and structural plastics, granules and powders. Ambassador Onzhanov said that Kazakhstan is Germany's leading trade and economic partner in the region, accounting for over 80% of German trade with Central Asia. The Government of Kazakhstan actively cooperates with large German companies to develop industry with advanced technologies and German experience. Following the meeting, Roemhild and Olzhabayev signed a memorandum of cooperation. According to the National Bank of Kazakhstan, the volume of FDI from Germany to Kazakhstan for thee first three-quarters of 2023 amounted to $623 million, more than twice the figure for the same period in 2022 ($308.6 million).

World Bank Provides Additional Support for Kyrgyz Republic’s Digital Transformation

On January 12th, the World Bank’s Board of Executive Directors approved $7 million in additional financing to the ongoing Digital Central Asia South Asia (Digital CASA) project for the Kyrgyz Republic. This additional financing complements the original $50 million Digital CASA – Kyrgyz Republic Project approved in March 2018 to support the nation’s digital transformation through increasing access to affordable internet, private investment in the ICT sector, and improving the provision of digital government services. “The Digital CASA – Kyrgyz Republic Project supports the country’s digital transformation agenda and the National Sustainable Development Strategy 2018-2040,” stated Naveed Hassan Naqvi, the World Bank Country Manager for the Kyrgyz Republic. “The project is expected to foster sustainable and inclusive growth by helping bridge the digital divide, especially in rural areas of the country. It also aims to enhance the provision of digital government services, thereby promoting efficient and transparent public administration.” Naqvi stated that the funding will enable 800,000 citizens of the Kyrgyz Republic to access better and more affordable internet services, thus bringing the internet penetration rate in the country to 57%. Among the key goals of the project is laying 2,500 kilometers of fiber-optic network across the country, establishing two cross-border fiber-optic links, and building a government cloud (G-Cloud) infrastructure. The Digital CASA – Kyrgyz Republic project will ultimately help integrate the Kyrgyz Republic and other landlocked countries of Central Asia and parts of South Asia into the regional and global digital economy, thereby enabling these countries to reap the benefits of digitization. “The additional financing is critical for closing the financing gap caused by the need to increase the initially planned capacity for data storage and processing on the G-Cloud,” said Sandra Sargent, World Bank Senior Digital Development Specialist and Project Task Team Leader. “G-Cloud is a government cloud platform that serves as one of the key pillars of digital public infrastructure and will provide storage, processing power, and computing capacity to support e-government services, as well as handle large amounts of data.”

Mass Die-Out of Swans in Mangystau: What are the Causes?

On December 27th, inspectors discovered a tragic picture on the shores of Lake Karakol in the Ustyurt State Nature Reserve, with the lifeless bodies of thirty swans lying on the ground. The Department of Ecology, which analyzed water from the lake, reported that at the time of sampling the maximum permissible concentration of harmful substances had been exceeded. However, the true extent of the situation has since become clearer, and according to updated information 826 dead swans have been recorded in Mangystau, with this figure continuing to rise daily. In the process of monitoring water sources associated with Lake Karakol, having found that permissible pollution levels had been exceeded, an unscheduled inspection of the Rixos Aktau hotel took place. This information was provided by Nurken Sharbiev, Deputy Minister of Ecology and Natural Resources of the Republic of Kazakhstan, and Zhomart Aliyev, head of the Committee for Environmental Regulation and Control of the Ministry. Rixos currently operates 34 hotels and resorts, the majority of which are located in Turkey, Kazakhstan, the UAE and Egypt, and seven of which were developed in partnership with the infamous Bayrock Group.[/vc_column_text][vc_single_image image="13641" img_size="full" el_class="scond-image" parallax_scroll="no" woodmart_inline="no"][vc_column_text woodmart_inline="no" text_larger="no"]The Rixos Water World Aktau Hotel is located on the coast of the Caspian Sea, 20 kilometers from the city of Aktau, whilst the protected territory of Lake Karakol is located within the boundaries of the Karagi-Karakol Zoological Reserve, which has republican significance. More than 20 species of birds listed in the Red Book of Kazakhstan and the international list of protected species inhabit this land, including the dalmatian pelican, pink flamingos, and the Savka. At this juncture, the extent of the involvement of Rixos Aktau is yet to be revealed, though the Department of Ecology of Mangystau is probing the hotel’s discharge into the lake. Specialists are currently analyzing samples, and if the results show contaminants the hotel may be fined up to an amount which would depend on the volume and composition of the discharged wastewater.[/vc_column_text][vc_single_image image="13640" img_size="full" el_class="scond-image" parallax_scroll="no" woodmart_inline="no"][vc_column_text woodmart_inline="no" text_larger="no"]However, a representative of the public commission tasked with investigating the cause of the mass die-out, Adilbek Kozybakov, posted a different supposition about the reason for the death of the birds on Facebook. "The cause of death is avian influenza, as confirmed by laboratory tests. Viruses of some forms of bird flu can be dangerous to both humans and poultry, but for some reason they still have not declared a quarantine and closed Lake Karakol to visitors. Due to the wide resonance around this topic, different groups of journalists, bloggers, activists and ordinary citizens passing by the lake come to Karakol every day. They walk along the shore, stepping on bird droppings, and can then carry the bird flu virus home," Kozybakov wrote. Kozybakov has suggested that experts from various fields - veterinarians and ornithologists, virologists and bacteriologists, specialists in epizootiology and epidemiology, and local independent biologists and ecologists - should form a commission. "Only through such a body will it be possible to...

Uzbekistan Modernizing Defense Industry

The President and Commander-in-Chief of the Armed Forces of Uzbekistan, Shavkat Mirziyoyev on January 11th visited the production cluster of the Defense Industry Agency located in the Tashkent region. At the initiative and under the supervision of Mirziyoyev, Uzbekistan is reforming and modernizing its armed forces to fully meets modern requirements and guarantee the nation’s independence and sovereignty, the presidential press service stated. For this purpose, in January 2023 the President transferred the Defense Industry Agency to the Ministry of Defense. The Agency has since launched the production of several types of military-technical products, supplied modern equipment to troops, and updated existing models of weapons. An equipment repair plant and the central storage base for automotive equipment of the Ministry of Defense have been transferred to a cluster territory. Enterprises located in the new cluster repair and modernize weapons and military equipment, radars, optical devices, and artillery. During his visit, Mirziyoyev was shown samples of upgraded equipment and weapons, and devices that are part of the “Soldier of the Future” complex, which was developed by specialists to meet global standards. The President also launched an enterprise producing a new range of military hardware. Established in 1992 following the collapse of the Soviet Union, January 14th will mark the 32nd anniversary of the founding of the Armed Forces of the Republic of Uzbekistan. Twelve months military conscription is compulsory for males at the age of 18, with the option of paying for a shorter service of one month whilst remaining in the reserves until the age of 27. Upon completion of their service, privileges in employment and admission to higher educational institutions are granted. The armed forces constitute an acting personnel of 48,000, with 20,000 in reserve. In the 2024 Military Strength Ranking released by the Global Firepower, Uzbekistan ranked 65th among the 145 countries listed. Elsewhere in Central Asia, Kazakhstan ranked in 58th place, Turkmenistan 83rd, Kyrgyzstan 100th, and Tajikistan 107th. Despite the modernization drive, however, this position marked a decline in Uzbekistan’s ranking, down from 62nd place in the previous year.

U.S. Interested in Kazakhstan’s Critical Minerals

The Minister of Industry and Construction of Kazakhstan, Kanat Sharlapaev met with U.S. Assistant Secretary of State for Energy Resources, Geoffrey Ross Pyatt to deepen the dialogue between the two countries on the development of sustainable mineral value chains, the Kazakh Ministry of Industry and Construction said on January 11th. The meeting took place on the fringes of The Future Minerals Forum in Riyadh, Saudi Arabia. The two officials discussed key aspects of cooperation in the field of mineral resources, energy, and the prospects for the two nations long-term partnership, taking into account more than thirty years of strong strategic cooperation. The meeting highlighted Kazakhstan's potential to supply more than sixteen critical minerals identified by a U.S. Geological Survey. Among them are bismuth, gallium, vanadium, tungsten, tin, tantalum, niobium, magnesium, lithium, indium, graphite, and cobalt. The parties noted the interest of large American companies, such as Rio Tinto, Cove Capital, and Relativity Space in Kazakhstan’s mining industry. Both sides confirmed their intention to continue their joint efforts to develop sustainable approaches to minerals, stating that this line of work contributes to a sustainable energy transition and creates the conditions for long-term economic sustainability in Kazakhstan and the United States.

Japanese Company to Develop Kyrgyzstan’s Coal Industry

On January 11th, the Ministry of Energy of the Kyrgyz Republic, the Kyrgyzstan-Kagoshima Friendship Association, and the Japanese company, SENTO GROUP Co., Ltd signed a trilateral Memorandum of Cooperation in the coal industry. The document was signed by the Minister of Energy, Taalaibek Ibraev, the Director of the Kyrgyzstan-Kagoshima Friendship Association, Ono Sumiyosu, and the Director of the SENTO GROUP, Kurenuma Shintaro, the Kyrgyz Ministry of Energy stated. The memorandum comes as a follow-up to negotiations on the development of cooperation between the two countries during the visit of the President of the Kyrgyz Republic, Sadyr Japarov to Japan in November 2023; it provides for cooperation between the parties in the exploration of coal deposits, mining, construction of a coal processing plant and a logistics center, as well as the provision of jobs for the local population in coal mining using modern technologies. The Japanese side has also expressed interest in cooperation in the field of hydropower in Kyrgyzstan. The Kyrgyzstan-Kagoshima Friendship Association was created in 2012 by Japanese activists in order to develop comprehensive relations between Japan and the Kyrgyz Republic, and is actively involved in attracting investment to Kyrgyzstan. Founded in 2009, SENTO GROUP Co., Ltd. has extensive experience in carrying out infrastructure work using modern technologies in road construction, restoring infrastructure after natural disasters, and producing equipment for solar power plants.