• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10718 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10718 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10718 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10718 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10718 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10718 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10718 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10718 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 673 - 678 of 997

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.”

Chinese Company to Supply Equipment to Businesses via Local Bank

On January 12th, a ceremony was held to sign a framework agreement between the Chairman of the Board of Kyrgyzstan’s state-run RSK Bank, Ulanbek Nogaev, and the President of China National Heavy Machinery Corporation, Xiao Ping. As part of the partnership, RSK Bank and China National Heavy Machinery Corporation (CHMC) will begin supplying equipment and machinery for small and medium-sized businesses in Kyrgyzstan worth a total of $15 million, RSK Bank said. The bank will then lease this equipment to local entrepreneurs. Xiao Ping emphasized that the signing of the agreement between CHMC and RSK Bank will be a boon for the development of the economy in the Kyrgyz Republic. Ulanbek Nogaev, meanwhile, stated that this agreement is strategically important, and will enable the bank to provide small and medium-sized businesses with special equipment without intermediaries, which will mean a significant price reduction. China National Heavy Machinery Corporation specializes in the production of road construction and agricultural machinery, commercial vehicles, and industrial equipment.

Job Creation Main Task of Government in 2024, Says PM

The creation of at least 250,000 jobs is one of the most important tasks of the Cabinet of Ministers for 2024, the Chairman of the Cabinet of Ministers and Head of the Administration of the President of the Kyrgyz Republic, Akylbek Japarov stated at a cabinet meeting on January 11th. “This year should be a breakthrough in all respects,” the minister said. “Yesterday marked three years since Sadyr Japarov became president. During this time, we have managed to do a lot, and we are already seeing the results of this work.” Japarov went on saying that the creation of new industries, the development of the agricultural sector, the opening of new mining projects, the launch of railway construction and building large hydropower facilities will speed up the implementation of the goals planned for 2024. “In the near future, a list of a hundred large industrial facilities that should be launched this year will be approved,” said Japarov. Addressing an acute shortage of qualified labor in the construction and clothing industries, Japarov said that “many clothing enterprises have to attract foreign labor, while our citizens are in labor migration outside the country. Therefore, this whole range of issues should be a priority for all government bodies.”

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.

Bishkek Delegation Visits Chinese Solid Waste Enterprise

Mayor Zhyrgalbek Shamyraliev, together with a group of his representatives and Ulana Bakirova, an expert from the Information Policy Service of the Presidential Administration, visited Hunan Junxing Company in Changsha, China. The purpose of their visit was to study advanced waste treatment methods and familiarize themselves with the transportation and logistics complex. Hunan Junxing is a high-tech enterprise engaged in the development and implementation of innovative methods for municipal solid waste treatment, municipal wastewater treatment, landfill leachate treatment, fly ash utilization, and other types of waste. The technologies used include advanced methods of physical and chemical treatment and mechanical sorting, which allows the company to effectively solve the problems of environmental pollution and waste utilization. During the visit, the delegation was shown the transshipment complex of the Hunan Junxing Company, and received information on the operation of the waste utilization plant. The potential prospects for the application of technologies implemented in Changsha being adopted in Bishkek were high on the agenda. At the end of the meeting, a ceremony was held with the company gifting two advanced garbage trucks to the Bishkek administration. During the visit, a meeting was also held with Gao Wenqi, Deputy Mayor of the People's Government of Changsha, wherein the parties discussed the development of infrastructure of the city, and prospects for cooperation in the areas of trade, economy, culture, and the social sphere.

Kyrgyzstan Bans Inspections of Businesses Until End of 2024

On January 9th, the President of the Kyrgyz Republic, Sadyr Japarov signed a Decree “On the introduction of a temporary ban (moratorium) on conducting inspections of business entities.” The Decree has been issued with the purpose of stabilizing the economic activities of businesses, ensuring the further development of the business environment, improving the investment climate, and eliminating unjustified and unnecessary interference by government bodies, the presidential press service said in a statement. The moratorium will run until December 31st, 2024. In a post on Facebook, President Japarov called on representatives of small and medium-sized businesses to report unjustified inspections to him. Japarov wrote that only enterprises against which a criminal case has been initiated will be subject to inspections. “If representatives of government agencies come to check businessmen without reason, without identifying signs of an economic crime, you can contact me through the Presidential Administration,” Japarov stated, promised that measures will be taken in such cases.