• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09138 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09138 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09138 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09138 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09138 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09138 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09138 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09138 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
15 January 2025

Viewing results 97 - 102 of 289

Trade Volume Between Kyrgyzstan and China Reaches $11 Billion

Trade turnover between Kyrgyzstan and China for the first seven months of 2024 reached approximately $11 billion, as reported by the Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan, Bakyt Torobayev, in Beijing. Torobayev emphasized that the foundation for successful cooperation was laid during the meetings between Kyrgyz President Sadyr Japarov and Chinese President Xi Jinping. In 2023, the volume of trade turnover between the countries reached $20 billion, 32% more than in 2022. Torobayev also noted that important steps to strengthen cooperation continue. In particular, the project to build a railroad connecting China, Kyrgyzstan, and Uzbekistan is moving forward. Another significant event was the opening of the simplified border crossing point “Bedel” on the Kyrgyz-Chinese border, which indicates the beginning of a new stage in bilateral relations. Cooperation between Kyrgyzstan and China covers trade, energy, and infrastructure spheres. In addition, China is actively investing in hydropower and implementing programs to improve Kyrgyzstan's infrastructure. These projects are expected to contribute to sustainable economic growth.

ADB to Finance Upgrade of Barskoon–Karakol Section of Issyk-Kul Ring Road in Kyrgyzstan

The Asian Development Bank (ADB) announced on September 19 that it had approved $109.5 million in financing to renovate the highway around Lake Issyk-Kul. The lake is one of the most popular tourist destinations in Kyrgyzstan, and a strategic location that connects to neighboring Central Asian countries. ADB’s Issyk-Kul Ring Road Improvement Project will construct 75.2 kilometers of the road traversing the Barskoon to Karakol section of the Issyk-Kul Ring Road, which connects the Central Asia Regional Economic Cooperation (CAREC) Corridor 1. The project will widen the two-lane roadway to four lanes to meet increasing traffic demand, while incorporating climate-adaptation measures into the road design and construction materials. Rest areas, bus stops, streetlights, and safer access for pedestrians will also be constructed. The ADB funding comprises an $87 million concessional loan and a $22.5 million grant from the Asian Development Fund. ADB Principal Transport Specialist Oyunchimeg Erdene commented: “The Barskoon–Karakol road section [on the southern shore of Lake Issyk-Kul] is the remaining portion of the Issyk-Kul Ring Road for improvement. Completing this will mean eliminating congestion and boosting tourism that will support the growth of businesses in the area.” Kyrgyzstan’s Deputy Minister of Transport, Beknazar Bazaraliev, earlier said that the rehabilitation of the Issyk-Kul Ring Road is to be completed in 2028. The rehabilitation of the 440 km long Issyk-Kul Ring Road was divided into several parts and is financed by the government and international financial organizations.

Kyrgyzstan Asks IAEA for $45 Million for Nuclear Waste Remediation

Kyrgyzstan's Deputy Minister of Emergency Situations, Azamat Mambetov, has asked for support from Central Asian countries at the International Atomic Energy Agency's General Session in Vienna, Austria. The 68th session of the IAEA General Conference is taking place from September 16 to 20, 2024. An official from the Kyrgyz Republic Ministry of Emergency Situations made a speech that called for attention to be paid to the importance of ensuring environmental safety in the region. “In his speech, Azamat Mambetov emphasized the importance of the problem of radiation safety in Central Asia and called for the intensification of international efforts to reclaim uranium tailings in the region,” the Ministry of Emergency Situations stated. The IAEA adopted a resolution on “The Role of the International Community in Preventing Radiation Threats in Central Asia.” A strategic master plan was developed to reclaim uranium sites in the region and create a special account for environmental remediation in Kyrgyzstan, Uzbekistan, and Tajikistan. The Deputy Minister of Emergency Situations of Kyrgyzstan informed IAEA members about the process of completing the reclamation of two nuclear waste sites in the country's south. This has allowed about 80,000 people in that area to live safely. The Kyrgyz Ministry of Emergency Situations stressed that it is grateful to all countries and international organizations that have made a significant contribution to the environmental rehabilitation of the tailing dumps left over from Soviet-era uranium mining in Central Asia. However, approximately another $45 million is needed to implement the Strategic Master Plan fully. According to the Kyrgyz Ministry of Emergency Situations, there are currently 92 toxic and radioactive waste dumps in the country. Of these, 23 tailings contain uranium elements, while the rest contain radioactive rock residues, heavy metals, and cyanide.

Kyrgyzstan Seeks Crude Oil Supplies from Azerbaijan

At a meeting with Azerbaijan’s Energy Minister Parviz Shahbazov, his counterpart from Kyrgyzstan, Taalaibek Ibrayev, proposed signing a long-term contract to supply Azeri crude oil to Kyrgyzstan. The bilateral meeting took place on September 16 in Bishkek, on the sidelines of the 4th meeting of energy ministers of the Organization of Turkic States (Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan). Representatives of Turkmenistan and Hungary attended as observers. The Azeri Energy Minister expressed its readiness for cooperation, and proposed establishing a special working group to organize oil supplies. Ibrayev also proposed that Azerbaijan participate in hydropower and renewable energy projects in Kyrgyzstan, and consider preferential financing of $2 million from the Azerbaijan-Kyrgyzstan Development Fund for the purchase and installation of charging devices for electric vehicles in Kyrgyzstan. Today, Kyrgyzstan’s local capacity for refining crude oil and producing motor fuel covers about 5% of domestic demand, with the rest imported from Russia. During Kyrgyz President Sadyr Japarov’s visit to oil-rich Azerbaijan earlier this year, negotiations were held with the Azeri state oil company, SOCAR, on Azerbaijani oil supplies to Kyrgyzstan’s Junda refinery. Energy Minister Ibrayev commented that the Junda oil refinery requires more than 1 million tons of crude oil annually for refining. On August 30, the refinery reopened in the town of Kara-Balta, about 100 kilometers west of Bishkek. Late in March, the refinery completed a significant overhaul and plans to reach its total annual capacity of processing 800,000 tons of crude oil by the end of this year.

Kazakhstan Hosts Summit of Central Asian Countries and Germany

Opening the summit in Astana, Kazakh President Kassym-Jomart Tokayev expressed gratitude to Federal Chancellor Olaf Scholz and Central Asian leaders for their participation and support of regional cooperation. Noting the strengthened relationship following the high-level dialog launched in Berlin last September, he stated, “I believe this is evidence of interest and aspiration from the Central Asian states and Germany for comprehensive development of strategic partnerships. Our meeting is called to summarize joint work and outline new ways to deepen cooperation. Today, we will discuss important trade, investment, energy, ecology, transportation and logistics, education, and science issues. I am confident that our constructive discussions will lead to concrete solutions that will benefit all our countries.” According to the President of Kazakhstan, Germany's socio-economic, scientific, and technological progress is an example for many countries. The positive impact of German technologies and investments in various spheres of the economy cannot be overestimated. Hence, full-scale partnership with Germany, one of the world's most developed countries and the largest economy in the European Union, is a priority for Kazakhstan and other Central Asian states. The most promising areas of cooperation between Central Asian states and Germany include increasing trade turnover, cooperation in the energy sector, development of industrial cooperation, transportation and logistics interconnection, and development of scientific and educational ties. With reference to the above, Tokayev stated: “Wide investment prospects are opened by the development of the Middle Corridor, including the modernization and digitalization of the Caspian Sea ports and construction of cargo terminals. Further integration of Central Asian and European transportation and logistics systems remains urgent. Kazakhstan welcomes the decision of European partners to allocate 10 billion euros under the Global Gateway program for the development of the Middle Corridor. We count on Germany's assistance connecting this route with the Trans-European Transport Network (TEN-T) and the Global Gateway strategy." Citing the need for sustained focus on strengthening and ensuring international security and stability,  Tokayev then emphasized: “Our countries closely cooperate in a multilateral format, including within the framework of the United Nations. We intend to continue to strongly support the efforts of this non-alternative universal Organization in the fight against terrorism, extremism, illegal migration, climate change, peacekeeping, and disarmament. Kazakhstan is ready to participate in the UN reform process. We believe that several developed countries, including Germany, certainly deserve a place as permanent members of the UN Security Council. I want to take this opportunity to wish the Kyrgyz Republic success in promoting its candidacy for the post of a non-permanent member of the UN Security Council for 2027-2028. I am confident that Kyrgyzstan will be able to significantly contribute to strengthening stability and security in Central Asia and beyond." Following speeches by Federal Chancellor of Germany Olaf Scholz, President of Kyrgyzstan Sadyr Japarov, President of Tajikistan Emomali Rahmon, President of Turkmenistan Serdar Berdimuhamedov and President of Uzbekistan Shavkat Mirziyoyev, a Joint Declaration was adopted by the Heads of the Central Asian states and the Federal Chancellor of Germany.

Kyrgyzstan’s Cholpon-Ata and Turkey’s Antalya Become Twin Cities

Turkey's Antalya and Kyrgyzstan's Cholpon-Ata have become twin cities; the official ceremony on the establishment of ties was held in Turkey. According to the Kyrgyz Foreign Ministry, the corresponding document between the resort towns of the two countries was signed by the mayors of the cities. Both sides believe that cooperation between Cholpon-Ata and Antalya will open up opportunities for tourism and infrastructure development projects. “Special attention in the framework of future interaction will be paid to the exchange of experience in the development of urban infrastructure and the coastal zone of Lake Issyk-Kul, construction technologies, as well as environmentally friendly solutions to protect the environment,” representatives of the Foreign Ministry stated. Diplomats believe signing a protocol on "twin" relations will create favorable conditions for attracting Turkish investment in Kyrgyzstan's tourism sector and implementing joint initiatives. The Kyrgyz side also proposed to the Antalya authorities that a Turkish educational center be built in Cholpon-Ata to train tourism specialists.