• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09217 0.66%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09217 0.66%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09217 0.66%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09217 0.66%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09217 0.66%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09217 0.66%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09217 0.66%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09217 0.66%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
16 February 2025

Viewing results 91 - 96 of 305

Kyrgyzstan Encourages German Investment in Raw Materials Extraction and Logistics

During a Kyrgyz-German Business Forum in Munich on October 10, Kyrgyzstan’s Chairman of the Cabinet of Ministers, Akylbek Japarov, stated that  following the first Kyrgyz-German Business Forum in Hamburg over a year ago, bilateral relations between the two countries had strengthened alongside a mutual interest in deepening cooperation. Japarov cited the fact that 180 joint Kyrgyz-German enterprises are currently engaged in Kyrgyzstan’s trade, industry, agriculture, tourism, energy, education, and services sectors, and to encourage further  German investment and  participation in implementing the government’s ambitious economic development plans, invited businesses to attend the ‘Day of German Economy in Kyrgyzstan.’ Scheduled for summer 2025, the event follows three 'Days of Kyrgyz Economy' in Hamburg, Frankfurt am Main, and Munich. Addressing the forum, Kyrgyz Minister of Economy and Commerce Daniyar Amangeldiev spoke of Kyrgyzstan's interest in developing cooperation with Germany on raw materials, with reference to the presence of  100 raw material deposits in Kyrgyzstan. In addition, he proposed that German investors participate in auctions to gain the right to use the subsoil in Kyrgyzstan and develop deposits using modern technologies that comply with environmental standards. The minister also touched upon the development of transport and logistics infrastructure and invited German companies to collaborate in the development of Kyrgyzstan's logistics system, stating: "Kyrgyzstan, located in the heart of Central Asia, is  ‘landlocked’. At the same time, the Great Silk Road — a trade route between West and East, North and South — has been passing through our country since ancient times. Therefore, our country should rightfully be called ‘land connecting,’”

Kazakhstan to Crack Down on Motor Fuel Smuggling to Kyrgyzstan

On October 8, Kazakhstan’s Financial Monitoring Agency held a meeting on strengthening control over the smuggling of motor fuel from the country’s border regions. As gasoline prices in Kazakhstan are significantly lower than in neighboring Kyrgyzstan, gasoline is transported from the southern regions of Kazakhstan to northern Kyrgyzstan in passenger car gas tanks. In practical terms, drivers fill up their cars at Kazakh gas stations close to the border, then enter Kyrgyzstan and redistribute the gasoline. According to the Financial Monitoring Agency, up to 10,000 tons of fuel are exported this way monthly through the Kazakh-Kyrgyz border. Fuel is also illegally exported by railway tanks, with documents indicating other contents inside the tanks. At the meeting, the Kazakh government and law-enforcement agencies developed an algorithm of action to prevent the illegal export of motor fuel. Since the beginning of this year, Kazakh law enforcers have filed 21 criminal cases concerning the illegal export of almost 3,500 tons of fuel. Kazakh gasoline is sold in plastic bottles on northern Kyrgyzstan's roadsides and around Bishkek. The most popular gasoline, AI-92, is sold by roadside traders for 58 KGS per liter ($1 = 85 KGS), while authorized gas stations sell it for 67 KGS per liter. In 2023, Kyrgyzstan’s Tax Service confiscated 9,599 liters of illegal fuel, up from 3,422 liters in 2022.

Drop in Uzbekistan’s Exports to Central Asia

Local media has reported that from January - August, Uzbekistan's exports to its four neighboring countries decreased, compared to the same period in 2023. According to data from the  Statistical Agency data, exports to Kazakhstan dropped from 950 million USD to 872 million USD; to Kyrgyzstan, from 491 million USD to 365 million USD; to Tajikistan, from 389 million USD to 329 million USD, and to Turkmenistan, from 118 million USD to 78 million USD. The share of Central Asian countries in Uzbekistan's total foreign trade turnover (FTT) in the first nine months of 2023 was 11.5%. The total FTT was worth 40 billion 45 million USD, of which 4 billion 574.3 million USD were with Central Asian countries. This year, it has decreased to 10.3%, meaning 4 billion 400.6 million USD of FTT of 42 billion 703.3 million USD are with CA countries. The Ministry of Investments, Industry, and Trade attributed the drop to an increase Uzbekistan's exports to international markets with high purchasing power, especially Europe, Arab countries, Southeast Asia, and the Americas, and explained, " due to diversification, the volume of exports to neighboring countries, which are considered a traditional market, decreased. In particular, the volume of exports to Kazakhstan decreased by 8.3%, to Kyrgyzstan by 25.6%, to Tajikistan by 15.3%, and to Turkmenistan by 36.2%."

USAID Launches Green Solutions in Kyrgyzstan

The United States Agency for International Development (USAID) has announced a new U.S. government-sponsored Green Solutions Activity. This five-year initiative backed by a $24 million investment aims to empower small and medium enterprises in Kyrgyzstan to adopt innovative green solutions, enhance energy efficiency, and increase the supply of renewable energy, the U.S. Embassy in Bishkek reported. “This investment marks a pivotal moment in the U.S. government’s commitment to building a greener future in close partnership with the Government of the Kyrgyz Republic. USAID will partner with local businesses and offer grants to adopt green solutions and technologies. Importantly, we will also work with local banks and financial institutions to advance green finance initiatives,” USAID Deputy Assistant Administrator Änjali Kaur stated at the launch event in Bishkek. The launch event occurred at Kyrgyzstan’s first rooftop grid-connected photovoltaic solar plant at the Kyrgyz State Technical University. Developed with USAID support and officially inaugurated in December 2023, the 80-kilowatt solar power installation can generate 143,037 kilowatt hours annually. It not only powers the university but also enables it to sell excess electricity back to the grid, effectively helping to offset operational costs and modeling a more sustainable energy future for the region. USAID is supporting the Kyrgyz government’s green economy initiative to diversify its energy sources into various clean energy forms. The regional Power Central Asia activity focuses on energy sector connectivity and decarbonization, energy security and resilience, and expanded cross-border electricity trade. Additionally, the USAID Future Growth Initiative and USAID Agro Trade Activity promote green production.

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.  

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.