• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09148 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09148 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09148 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09148 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09148 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09148 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09148 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09148 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
24 January 2025

Viewing results 1 - 6 of 210

Kyrgyz Deputy Maripov Proposes Moving Capital Away From Bishkek

Jogorku Kenesh (Parliament) deputy Bakytbek Maripov has proposed moving Kyrgyzstan’s capital away from Bishkek, presenting the idea during a parliamentary session on January 22. Maripov argued that even radical measures to improve Bishkek’s infrastructure - such as reforming the city’s management system or developing transportation networks - would be insufficient to solve its persistent issues with smog and traffic congestion. The deputy suggested that relocating the capital could offer an effective long-term solution, particularly when viewed in the context of large-scale investment opportunities. He cited a comparison of major infrastructure costs: for instance, the construction of the planned city of Asman on the coast of Issyk-Kul is already drawing $10 billion in investments. Meanwhile, relocating Bishkek’s railroad infrastructure would cost $550 million, and building a ring road around the city would require approximately $1 billion. “If the capital were moved, the problems of traffic congestion and air pollution could be avoided,” Maripov emphasized. Although the proposal to move the capital remains at an early stage, it has sparked significant debate among lawmakers and the public. Bishkek’s Challenges: Traffic and Smog Bishkek is grappling with severe traffic congestion and air pollution, which are fueling calls for drastic action. According to data from the 2GIS navigation service, residents spent 777 hours stuck in traffic during July, August, and September of 2024. In October, congestion levels in the city reached nine out of 10 points. The primary factors contributing to traffic jams include a surge in the number of vehicles, insufficient road capacity, and inefficient traffic light management. The city’s air pollution problem is equally pressing. In November 2024, Bishkek ranked among the top 10 most polluted cities in the world. Key sources of pollution include emissions from motor vehicles, the use of low-quality fuels for heating private homes, and unfavorable meteorological conditions that trap pollutants. Government Efforts and Public Concerns Authorities have introduced several initiatives to address Bishkek’s environmental and transportation challenges. In January 2025, the Jogorku Kenesh discussed measures aimed at reducing smog and alleviating traffic congestion in both Bishkek and Osh. However, despite ongoing efforts, the situation remains critical, underscoring the need for a comprehensive and systemic approach to improving urban infrastructure and environmental conditions. While the idea of relocating Kyrgyzstan’s capital is far from finalized, it has already opened up discussions about long-term solutions to Bishkek’s chronic problems. For now, the debate continues as the city’s residents and lawmakers consider the potential benefits and challenges of such a monumental shift.

Did Kyrgyzstan’s Security Chief Order an Assassination?

The head of Kyrgyzstan’s State Committee for National Security (GKNB), Kamchybek Tashiyev, has been waging a campaign against organized criminal groups in his country for the last few years and it seems he believes in fighting fire with fire. Speaking to representatives of Kyrgyzstan’s education sector on January 16, Tashiyev referred to the fight against organized crime, specifically mentioning the slain reputed crime boss Kamchybek Kolbayev. “I had to take the decision to liquidate the thief in law,” Tashiyev said, “for the sake of the state. And I made this decision, and we eliminated him.” He quickly regretted such candor after his comments received wide coverage and has revised his version of events leading up to Kolbayev’s killing.   The Gangster Kamchybek Kolbayev, aka Kolya Kyrgyz, was allegedly the kingpin of Kyrgyzstan’s criminal world. The term “thief in law” originated in Soviet prisons among inmates who were high-ranking figures in organized criminal groups. This tradition continued after the fall of the USSR and the “Brothers’ Circle” of top thieves in law connects criminal organizations in former Soviet republics. Kolbayev seemed indeed to be a thief in law and according to the U.S. State Department, he was part of the Brothers’ Circle, and back in 2007 it was said that Kolbayev was the “leader of the most influential criminal group” in Kyrgyzstan. Kolbayev had been imprisoned more than once, though his prison conditions were not harsh. While in prison in late 2020, a video was posted of Kolbayev and other prisoners enjoying a small feast and singing. He seemed untouchable.   The Raid On October 4, 2023, the GKNB’s special Alfa unit raided the Blonder Pub in Bishkek, looking for Kolbayev. Reports from that day said the GKNB intended to detain Kolbayev as a suspect in murder of another criminal figure in July 2022. According to the GKNB, Kolbayev offered armed resistance and was shot dead when the GKNB commandos returned fire. Given the lenient treatment Kolbayev had so often received from Kyrgyz authorities, it seemed strange he chose to open fire on law enforcement officers rather than submit to being gently detained, as he had been before, and possibly incarcerated in luxury prison conditions. However, Kolbayev was an odious figure in Kyrgyzstan, greatly feared by many and the circumstances of his death did not seem to matter to most people, so long as he was gone.   A ‘Hit’? On January 16, Tashiyev explained to deputy education and science ministers, university rectors, and other directors of institutions of higher learning that the organized crime structure in Kyrgyzstan had grown strong and had extended across the country. Tashiyev said the criminal network was preying upon businesses and individuals. “We were forced to take necessary measures,” Tashiyev declared, and then stated he had given the order for Kolbayev to be eliminated. He added that the GKNB’s campaign against organized crime was a success. Kyrgyzstan had become “the only country in Central Asia… and probably in the post-Soviet countries, that does not have...

EBRD Invests Record €2.26 Billion in Central Asia in 2024

The European Bank for Reconstruction and Development (EBRD) reached a record level of investment in Central Asia in 2024, contributing €2.26 billion to 121 projects across six countries in the region. This was nearly double the amount invested in 2023. Additionally, the EBRD attracted €784 million from co-financiers, bringing the total investment in the region’s economy to over €3 billion. Uzbekistan and Kazakhstan Lead in Funding Uzbekistan and Kazakhstan were the largest recipients of EBRD funding, securing €938 million and €913 million, respectively. These two nations ranked as the fifth and sixth largest destinations for EBRD investments globally in 2024. Other countries in the immediate region also benefited from significant funding, with Mongolia receiving €264 million, Tajikistan €88 million, and the Kyrgyz Republic €52 million. Focus on Sustainable Infrastructure and Green Economy The majority of EBRD investments in Central Asia supported sustainable infrastructure projects, accounting for 61% of the total. Another 24% was channeled to local banks to assist small businesses, women entrepreneurs, and youth-focused initiatives, as well as projects promoting climate resilience and resource efficiency. The remaining 15% was allocated to private-sector companies. In alignment with the Paris Agreement, 58% of EBRD investments in the region went to projects promoting a green economy. Milestones in 2024 The EBRD achieved several notable milestones in 2024: Total investments in Kazakhstan surpassed €10 billion. Uzbekistan reached €5 billion in cumulative EBRD funding. Both Tajikistan and the Kyrgyz Republic exceeded €1 billion in total investments since the EBRD began operations in the region 30 years ago. Landmark Projects The EBRD financed several groundbreaking projects in Central Asia during 2024, including: Uzbekistan: €59 million for a renewable hydrogen facility aimed at decarbonizing the fertilizer sector. Kazakhstan: €96.4 million for a new wastewater treatment plant in Aktobe, the largest municipal project supported by the EBRD in the region. Mongolia: €11.3 million to support the first green bond issued by a local bank. Investments in Energy Infrastructure Significant funding was also allocated to improving electricity grids across the region: In Kazakhstan, €252 million was used to construct 600 km of transmission lines. In Uzbekistan, €60.3 million supported the development of a 230 km transmission line in the Navoi region. In the Kyrgyz Republic, €14 million upgraded power infrastructure in Osh and Issyk-Kul. In Tajikistan, €31 million was allocated to improve a transformer in the Sugd region. Investments in Health and Transportation The EBRD also provided substantial funding for healthcare and infrastructure projects: Kazakhstan: €365 million for a hospital project. Uzbekistan: €216 million for a road and bridge project in the Khorezm region. Mongolia: €39.2 million for a hospital in Darkhan. Support for Small Businesses The EBRD continued its efforts to empower small businesses in Central Asia, providing advisory services to more than 450 small and medium-sized enterprises (SMEs). Over 8,000 SMEs benefited from training and mentoring programs. In Tajikistan, the EBRD launched its Star Venture initiative, allocating €28 million to 25 high-growth companies through agreements with local banks. The EBRD’s Legacy in Central Asia As the...

Massive Reserve for Red-Listed Animals to Be Created in Southern Kyrgyzstan

Kyrgyzstan’s Ministry of Natural Resources, Ecology, and Technical Supervision has proposed the creation of a new state natural park, Chon-Alai, in the southern region of Osh oblast. The planned park, covering an area of 66,830.79 hectares, aims to protect unique natural ecosystems and conserve endangered species of flora and fauna. A draft resolution has been published for public discussion. Land Reallocation for the Park To establish the Chon-Alai Nature Park, the government plans to reallocate 23,473.79 hectares of land from the “Reserve Land” category in the Chon-Alai district, as well as 43,357 hectares from the “State Forest Fund” under the Alai Forestry Administration. The combined area will be designated as a specially protected natural area. According to the Ministry of Natural Resources, the proposed territory meets all the criteria for protected areas, as it contains rare ecosystems and populations of endemic species. The park will span three sites on the southern macro-slope of the Alai Ridge and two sites on the northern slope of the western Zaalai Ridge, including part of the Kyzyl-Suu-Zapadnaya River valley. This region has been recognized for its environmental significance for years. As far back as 2004, there have been plans to establish a transboundary Pamir-Alai Nature Park in this area. Protecting Red-Listed Species The primary purpose of the Chon-Alai Nature Park is to ensure the protection of species listed in the Red Book of Kyrgyzstan and the International Union for Conservation of Nature (IUCN). The park will help preserve habitats for rare and endangered species, including: Mammals: Snow leopard, brown bear, Central Asian otter, Turkestan lynx, and warthog; Birds: Golden eagle, black vulture, and Alayan shieldbill; Fish: Turkestan catfish; Flora: Christoph's jaundice, Romanov's parnassus, evasive alaya, and Kostychev's prostrel. The creation of the park will provide a safe haven for these species, many of which are threatened by habitat loss, climate change, and human activity. A Milestone for Conservation The establishment of the Chon-Alai Nature Park represents a significant step forward in Kyrgyzstan's efforts to preserve its natural heritage. By protecting critical habitats and endangered species, the park will contribute to both national and global conservation goals.

Kyrgyz Businesses React With Cautious Optimism To Tax Amnesty

The Kyrgyz government has announced a tax amnesty aimed at easing the financial burden on businesses and reducing the workload of the State Tax Service (STS). However, local entrepreneurs have received the initiative with cautious optimism. As part of the amnesty, President Sadyr Japarov has decreed the exemption of taxes on agricultural land, the cancellation of private vehicle taxes for citizens, and the write-off of all tax debts accrued before January 1, 2022. The initiative has been met with mostly positive reactions from Kyrgyzstan’s business community. Entrepreneurs noted that many small and medium-sized enterprises in the country are burdened with significant debts to the state. They believe this measure has the potential to improve the business climate - provided the government maintains a stable and predictable tax policy. “Such decisions were likely made to support entrepreneurs during a challenging economic period, stimulate economic activity, and improve the overall state of business in the country. It could also be part of a broader strategy to foster trust between the government and the business community,” the JIA Business Association, one of Kyrgyzstan’s largest business groups, told the Times of Central Asia. By writing off debts, the JIA representatives said, the government will significantly ease the financial strain on businesses across various sectors. This would allow many entrepreneurs to focus on recovery and growth, particularly after the economic setbacks caused by the COVID-19 pandemic. Despite these positives, the association expressed concerns over the fairness of the tax amnesty. “We hope that the amnesty will also include those businesses that were declared debtors by court decisions, but remain unable to pay their debts to this day. Additionally, there are social businesses - such as those in education and healthcare - that are registered as non-profit organizations but still face tax burdens. Including these entities in the amnesty would ensure greater fairness and also ease the workload of the tax service,” a JIA spokesperson explained. However, under the presidential decree, businesses or individuals with tax debts resulting from court rulings are not eligible for the amnesty. The Kyrgyz presidential administration estimates that the amnesty will result in the write-off of approximately 11 billion KGS (around $126 million) in tax debts for over 20,000 businesses. But while this decision is welcomed by many, it has drawn criticism from some quarters. Market representatives argue that the amnesty may be unpopular among diligent taxpayers who have consistently fulfilled their tax obligations and do not owe the state. Nonetheless, they acknowledged that the government’s decision demonstrates a willingness to be flexible. This includes addressing other concerns, such as issues surrounding the introduction of electronic commodity invoices, which have been controversial among entrepreneurs. “In the past three years, there has been significant progress in reforming tax administration. We anticipate further reforms, such as limiting the application of electronic goods invoices (ETNs) to specific types of goods or simplifying their use for small and medium-sized businesses. Efforts to improve digital tools for businesses, streamline tax administration, and increase public and business...

Fossil-Fuel Rich UAE Drives Central Asia’s Green Energy Transition

Central Asian nations, especially Kazakhstan and Uzbekistan, are seeking to develop closer ties with the oil-rich United Arab Emirates. What they need from the Gulf state is not fossil fuels, but renewable energy technology and investment in their green energy sectors. Despite being a significant oil-exporter, the UAE has managed in recent years to position itself as a regional leader in solar energy and photovoltaic solar projects. As a result, it now has global aspirations in the renewable energy industry. The Gulf country, through its semi-government-owned company, Masdar, has already invested billions of dollars in the construction of wind farms and solar plants all over the world – from the Bahamas and Barbados to Australia, as well as several African and European nations. Central Asia is no exception. In the region, the green energy giant is particularly active in Uzbekistan and Kazakhstan. It is, therefore, no surprise that, on January 14, two regional leaders, Shavkat Mirziyoyev and Kassym-Jomart Tokayev, were major guests at the Abu Dhabi Sustainability Week, a global platform focused on accelerating sustainability efforts. [caption id="attachment_27597" align="aligncenter" width="1280"] President Tokayev of Kazakhstan speaking at the Abu Dhabi Sustainability Week; image: TCA, Nikola Mikovic[/caption] Their visit to the UAE signals a strong push for a green energy transition at home. For Tashkent and Astana, cooperation with Abu Dhabi in the field of green energy can help them to achieve their ambitious goals and reduce reliance on fossil fuels, despite both being significant producers of natural gas and oil. “Together with our foreign partners, we are currently implementing more than 50 large energy projects worth a total of $26 billion,” Mirziyoyev stressed, pointing out that by 2030, the share of renewable energy sources in the country will reach 54%. [caption id="attachment_27593" align="aligncenter" width="2560"] President of Uzbekistan, Shavkat Mirziyoyev backstage at the Abu Dhabi Sustainability Week; image: TCA, Nikola Mikovic[/caption] In his view, Central Asia should turn into a “center of green economy.” The Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, seems to share this stance. “Central Asia can play a stronger and leading role in the global energy transition. I’m confident this new partnership can accelerate the pipeline of renewable energy projects and drive green industrialization,” La Camera said at the 15th session of the IRENA Assembly, held in the UAE capital two days prior to the meetings Mirziyoyev and Tokayev had with the UAE’s leaders. According to the Uzbek President, Tashkent is interested in jointly realizing the potential of Central Asia in solar, wind, and hydro energy, as well as in developing the production of green hydrogen. Fully aware of the Central Asian state’s green energy potential, Masdar is committed to investing $2 billion in Tashkent’s clean energy projects with a total capacity of more than two gigawatts. In the most populated Central Asian nation, the UAE’s semi-state-owned company is already involved in the construction of both solar plants and wind farms. [caption id="attachment_27594" align="aligncenter" width="2560"] Abdulaziz Alobaidli, Masdar’s Chief Operating Officer, at the Abu...