• KGS/USD = 0.01181 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.09403 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.09403 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.09403 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.09403 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.09403 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.09403 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.09403 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.09403 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
07 October 2024

Viewing results 1 - 6 of 601

Pope Francis Receives Kyrgyzstan President Japarov

On October 4, during his official visit to Italy, Kyrgyzstan President Sadyr Japarov was received by Pope Francis at the Vatican. As reported by the president's press office, Japarov emphasized Kyrgyzstan's status as a secular, multi-ethnic country which guarantees freedom of religion to the numerous communities which integral to Kyrgyz society,  play an essential role in its development. The Kyrgyz leader also noted that one of the country's key traditional values has always been tolerance and respect for cultural diversity, and extended an open invitation to the Pope to visit. According to the Holy See’s press office, the discussions focused on the cordial relations between the Holy See and Kyrgyzstan and the two states’ "mutual collaboration in the fields of healthcare, education, and culture, and aspects of the life of the local Church." The two leaders also exchanged opinions on current international affairs “with special attention to the ongoing conflicts and humanitarian issues, revealing the importance of urgent commitment to promoting peace." During the audience, Pope Francis presented President Japarov with a terracotta sculpture entitled "Love and Tenderness," a photo book on the Apostolic Palace, and a copy of this year's Message for Peace. In return, President Japarov gifted Pope Francis decorated jars filled with honey ecologically produced in the mountains of Kyrgyzstan, an image of St Peter's Basilica made from colorful wool, and a handcrafted  Kyrgyz silver tea set. Japarov is the third leader of a Central Asian country to meet Pope Francis. In January 2024, Kazakhstan’s President Kassym-Jomart Tokayev made his first official visit to the Holy See at Pope Francis's invitation, at which appreciation was expressed for the good relations between the Holy See and Kazakhstan, particularly regarding mutual collaboration in interreligious dialogue. The meeting followed in the wake of Pope Francis' visit to Kazakhstan in September 2022, to attend the Congress of the Leaders of World and Traditional Religions in Astana. Held in the Kazakh capital every three years, the Congress functions as a permanent international interfaith platform for dialogue between religions. In April 2024, Tajikistan President Emomali Rahmon visited the Vatican and during his meeting with Pope Francis, stressed his country's tolerance and coexistence of representatives of all religions.  

Price of Gasoline Set to Rise in Kyrgyzstan

The Ministry of Transport and Communications of Kyrgyzstan has presented a bill, approved by parliament, introducing  new mark-ups on fuel and lubricants. Legislative changes to impose additional charges on each liter of gasoline sold at gas stations, are intended to accrue extra funds from motorists for road maintenance. In addition, a recycling fee will be introduced for processing automobile tires, alongside a fee for waste oil disposal, to be accumulated in a new Road Fund under the Finance Ministry. Other regulations introduced by the Cabinet of Ministers include the necessity for all gas stations to use unique markers for gasoline and diesel ; a move which the State Tax Service believes will ensure fuel production transparency and import accounting. The cost of such labeling is yet to be determined, and as stated by Kanat Eshatov, president of the Association of Oil Traders of Kyrgyzstan, “We don't know how much gasoline prices may go up. It will all depend on the size of these fees. Initially, they said that gasoline labeling, in general, would be free. Then, they said that it would be at the expense of oil traders. Today, we do not know the price of the marker, whether it will be stable or change, and whether it will be subject to stock exchange jumps or stability. The price of gasoline and its stability will depend on this." The cost of gasoline has been rising throughout the year, largely as a result of a general increase in prices and repairs at refineries in Russia, from which Kyrgyzstan receives a significant amount of fuel. Meanwhile, the State Antimonopoly Service of Kyrgyzstan reports that the situation in the market of fuels and lubricants in the country remains stable. Supplies of oil products to Kyrgyzstan are carried out without interruptions, and fuel reserves in the country are designed for 1.5-2 months.

Kyrgyzstan Begins Construction of Another Small Hydropower Plant

The construction of a small hydroelectric power plant on the Ak-Buura River at the Papan reservoir in Kyrgyzstan’s southern Osh region has begun. The Ak-Buura River supplies water to Kyrgyzstan’s second-largest city, Osh. The Papan reservoir is located in the Papan Gorge, and the power plant will be constructed in the narrowest part of the Ak-Buura River valley. The small hydropower plant will have a capacity of 25 MW and will generate 103 million kWh of electricity per year. The project costs $27 million. "The construction of a small hydroelectric power plant at the Papan reservoir is another strategic step towards the country’s energy independence," Chairman of Kyrgyzstan’s Cabinet of Ministers Akylbek Japarov stated at the ceremony to launch the construction on October 5. In recent years, Kyrgyzstan has been working to expand its energy capacity by building small and large hydroelectric plants to address electricity shortages. Earlier this year, Kyrgyzstan constructed small hydroelectric power plants in Bala-Saruu in the northwestern Talas region and Kok-Art and Kainama small hydropower plants in the southern Jalal-Abad region. In 2023, Kyrgyzstan met 80% of its electricity demand, which totaled 17.2 billion kilowatt-hours. The remaining 20%, or 3.4 billion kilowatt-hours, was imported. Energy Minister Taalaibek Ibraev last week stated that despite an increase in water levels at Kyrgyzstan’s largest Toktogul hydroelectric power plant (HPP) reservoir this year, the country would still be facing an electricity deficit of about 3.9 billion kilowatt-hours. The positive is that Ibraev said in parliament on October 4 that there will be no scheduled blackouts this winter, as his ministry has done a good job preparing the power distribution system for the coming winter. The Energy Ministry has installed new and repaired all the existing transformers nationwide. In previous years, Kyrgyzstan practiced scheduled restrictions on electricity supply for several hours a day to save electricity during peak consumption hours in winter. The minister also announced that starting January 1, 2025, Turkmenistan will supply Kyrgyzstan with 1.7 billion kilowatt-hours of electricity.

Kyrgyzstan Plans to Stop Importing Coal and Electricity by 2027

Kyrgyzstan plans to abandon coal imports within the next two years and stop buying foreign electricity by 2027. Speaking at a parliamentary group meeting, Energy Minister Taalaibek Ibraev announced that the country is already preparing to meet these challenges by actively developing the energy sector's infrastructure. Ibraev emphasized that the problem with transformers, which was relevant earlier, will be solved next year. Repairs have already been carried out in all 56 RECs (district electric networks), and five spare transformers have been provided for each of them in case of emergencies. A tender has also been held for purchasing one thousand transformers worth $58 million, of which $25 million are loan funds, $25 million is a World Bank grant, and $8 million is a Swiss grant. In addition, 600 thousand new meters are planned to be purchased. These measures will significantly improve the reliability of the country's electricity supply. The minister also noted that the country's generating capacity deficit is 300 to 400 megawatts. To solve this problem, solar power plants will be launched, allowing the country to scale down electricity imports. In addition, Ibraev announced plans to refuse coal imports in the next two years. The country is developing projects to introduce alternative energy sources and ensure energy independence. Problems with transformers in Kyrgyzstan have been acute over the past few years due to worn-out energy infrastructure and equipment shortages. Many transformer stations needed modernization, resulting in power supply failures. The government initiated large-scale transformer replacement and repair projects in response to these challenges.

Kyrgyzstan Returns Four Resorts to Uzbekistan with Additional Conditions Imposed on Kazakhstan

Shavkat Mirziyoyev, President of the Republic of Uzbekistan, has approved an agreement between the governments of Uzbekistan and Kyrgyzstan, to regulate the ownership and continued operation of four spa and recreation centers in the Issyk-Kul region. Kyrgyzstan's transfer of ownership of the four resorts to Uzbekistan determines the authorization for implementing property rights but as cited by one Uzbek publication “The recreational facilities aren’t given, they are returned!” In April 2016, the “Golden Sands of Central Asia” (formerly “Bosteri”), “Rohat-NBU” (formerly “Rakhat”), “Dilorom” (formerly “Enesay”), and the unfinished construction of “Buston", were transferred to the jurisdiction of Kyrgyzstan. Although located on the territory of Kyrgyzstan, the resorts previously belonged to JSC “Tashkent Mechanics Plant,” JSC “National Bank of Foreign Economic Activity,” JSC “Asakabank” and JSC “Uzsanoatkurilishbanki” of Uzbekistan. Back in 2016, the government of the Kyrgyz Republic, under Prime Minister Temir Sariyev, decided to seize recreational facilities from the Republic of Uzbekistan. This led to litigation in international arbitration and the facilities were immediately renamed. In September 2016, the Uzbek owners of resorts applied to the International Center for Settlement of Investment Disputes (ICSID). Uzbekistan considered that the 1992 agreement between the countries of the former Soviet Union, regulating the use of facilities left on the territory of other republics as a result of the collapse of the Union, was violated. According to this document, property belonging to one state but located on the territory of other CIS countries remains the property of its owners. Thus began a long series of arbitration discussions and efforts to settle the matter amicably, leading to the announcement of an agreement between the Kyrgyz government and the Cabinet of Ministers of Uzbekistan in December 2017, whereby the land plots of the resorts would remain the property of Kyrgyzstan whilst other properties would be returned to the ownership of the Uzbek side. After formalizing  property rights,  Uzbekistan would undertake to upgrade boarding houses to a level of three or four stars and ensure their operation throughout the year. The agreement, however, was not signed, and discussions continued. The dispute resolution review was completed in May 2023 in ICSID. Details of the deal remained confidential until Kyrgyzstan's president Sadyr Japarov, announced that the international court had decided that Kyrgyzstan should pay Uzbekistan more than $40 million. Following negotiations, the parties agreed to lease the facilities for investors from Uzbekistan for 49 years. The president then warned," We cannot invest in their renovation in the next 15-20 years because we have many other critical issues. We cannot talk about recreational facilities until we solve them." Whilst Article 2 of the agreement clearly states that the Kyrgyz side transfers the ownership of buildings and structures to the Uzbek side, the  recent agreement does not provide a fixed period for the rental of the recreational facilities. Kazakhstan and Kyrgyzstan have long-standing problems with boarding houses, including those in the former's “University”, “Olympus”, “Samal” and “Kazakhstan”sports and health resorts, in Issyk-Kul. At the end of the 1960s, the USSR declared Issyk-Kul...

Kyrgyzstan Produces All Potatoes, Vegetables, Fruit, and Milk It Needs

According to government data, of the eight basic socially significant food products in Kyrgyzstan, domestic production meets the demand only for potatoes, vegetables, fruits, and milk. The demand for bread and bakery products, meat, sugar, eggs, and vegetable (cooking) oil is partly satisfied with imports. This was announced at the Council on Food Security and Nutrition meeting on October 3. From January to July 2024, the levels of self-sufficiency were 86.5% for bread and bakery products, 162.8% for potatoes, 159% for vegetables and fruits, 79.1% for meat, 116.3% for milk, 49.2% for sugar, 71.4% for eggs, and 48.5% for vegetable oil. Kyrgyzstan imports food from Russia, Kazakhstan, Belarus, Uzbekistan, and China. At the meeting, Deputy Chairman of the Cabinet of Ministers - Minister of Water Resources, Agriculture and Processing Industry Bakyt Torobaev ordered additional measures to support agricultural production and incentivize local producers. Torobaev also announced the establishment of the Research Institute of Food Security and Nutrition, which will become a center of knowledge and innovation that will help improve the country's food security. The institute's creation will allow scientific research in agronomy and veterinary science and the development of recommendations for improving agricultural product production and processing technologies. It will also cooperate with international organizations and scientific institutions to implement the best global practices in food security.