• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 673 - 678 of 760

Kyrgyz Sugar Farmers Being Ruined By Imports

Favorable weather conditions will allow Kyrgyz farmers to harvest a large beet crop this year. However, this will not stop the flow of imported sugar, as local production capacity covers only 65% of domestic needs. Cheap sugar imported from Russia and Kazakhstan could bankrupt farms. The sugar beet harvest in Kyrgyzstan usually begins in October-November, when processing begins. According to the ministry of agriculture, local farmers do not fully supply sugar beets to processing plants. Therefore, sugar has to be imported from Russia and Kazakhstan, jeopardizing the country's food security. Farmers themselves argue that cheap imports make beet cultivation unprofitable. Today there are about 3,000 beet farms in Kyrgyzstan, but their number is rapidly decreasing as it is becoming increasingly difficult to survive in the market. Nevertheless, the government is trying to rectify the situation by giving farmers 7 billion som ($78.6m) in soft loans. "If we talk about crops, they are not bad now. Only the lazy will be able to spoil the harvest. The weather conditions are excellent this year: there is moisture, not much heat, but enough, and beet is doing well. I think the harvest will be above average this year," Chui region farmer Mirgasym Allakhveranov told The Times of Central Asia. Kyrgyzstan should stop importing sugar from abroad and rely only on its own production, he said. The situation, he thinks, is exacerbated by the actions of resellers who export beets out of the country. "For the farmer it is very good, when they export beets (abroad), it means that the price will increase. But for the population it is not very good, because then the price of sugar rises. There is less sugar in the country and deficit begins. Naturally, traders, who have a special nose for these things, immediately raise prices," Allakhveranov added. According to official data, since the beginning of 2024, Kyrgyz authorities have already imported 10,800 tons of sugar worth $6.4m. The figures show that Kyrgyz stocks of the product are dwindling. Earlier, the ministry of agriculture submitted for public discussion a draft law proposing a ban on sugar exports until early fall. "The population's demand for the year is 145.7 thousand tons, in order to avoid a market price frenzy, as well as taking into account the temporary bans on the export of cane or beet sugar from Russia and Kazakhstan, it is necessary to establish a temporary ban on exports until the new harvest," reads the draft government resolution. To fully supply Kyrgyzstan with granulated sugar, about 20,000 hectares of beets must be planted each year, processing plant owners say. This year, 15,000 hectares were planted despite government subsidies. Farmer Mirgasym Allakhveranov said that in the 1960s, Kyrgyz beet was considered the best in Central Asia. Scientists worked to create a root crop that yielded a good harvest. But the methods they developed no longer exist – farmers buy seeds in Europe that are not always suitable for the local climate. This affects beet yields and leads to a...

Liberalizing Kazakhstan’s Economy Must Not Become Uncontrolled Privatization, Expert Warns

Last week, President Kassym-Jomart Tokayev signed a decree on reducing the state’s participation in the economy, aiming to help develop competition and private business. This could be a significant boost to the economy, financial analyst Rassul Rysmambetov, an Almaty-based expert in distressed assets and Director of the Financial Freedom Public Foundation, told The Times of Central Asia, though everything will depend on how the decree is implemented. Firstly, the decree envisages creating a National Office for Privatization under the Agency for the Protection and Promotion of Competition. This office is to develop criteria for state assets subject to privatization and create a list of them. In addition, measures are provided to increase the autonomy, quality, and independence of corporate governance at Samruk-Kazyna, the National Welfare Fund, and its subsidiaries. “The government must establish a specific list of large entities that will offer major stakes in the next two years in IPOs,” President Tokayev explained. According to Tokayev, the quasi-public sector – bloated and often ridden with debt – needs serious reform. “We need to put an end to the question of where state participation should continue and where competition can be developed. The largest share of the state in the economy is represented by the group of companies held by the Samruk-Kazyna fund, so that is where this work must start. New, systemic measures are required to fundamentally rehabilitate the fund,” the president stated. A separate section of the decree presents measures aimed at protecting the rights and legitimate interests of business, including decriminalizing offenses related to economic activity and coordinating with prosecutors on prohibitive and restrictive measures initiated by government agencies. This is not the first time Kazakhstan has tried to liberalize its economy – it has even privatized social institutions, such as hospitals, schools, and creative centers for children before – but previous attempts yielded no tangible successes. “We need to continue to work to improve the quality of services, consistently reduce state participation and eliminate excessive regulation and restrictions. This applies to all sectors of the economy,” Tokayev stressed. “Uncontrolled monopolies, unequal access to resources and unfair trade practices must be eliminated at the root. A pillar of economic liberalization will be effective privatization. There have been so many privatization plans, but every time we make the same mistakes.” Rysmambetov believes that professionals should take the lead. “Liberalizing the economy is a process. By no means can it be limited to a single decree – it is a strategic course. I see here dozens, if not hundreds of by-laws, industry reference documents and possibly new laws and codes. I'm afraid that parliament will prove unable to keep up with the pace at which these reforms should be carried out,” he stated. According to Rysmambetov, Samruk-Kazyna could be dissolved tomorrow, but the holding has taken on a lot of debt for its subsidiaries, meaning that in the near term its assets can only be partially privatized. In general, each Samruk-Kazyna company has a related supervising ministry, so, to...

Tajikistan To Reconnect To Central Asia’s Unified Energy System

Tajikistan will soon connect itself to Central Asia's unified energy system. The unified system for energy distribution was created in 1960, when the systems of Uzbekistan, southern Kyrgyzstan, northern Tajikistan and southern Kazakhstan's Shymkent junction were connected to work in parallel through 110- and 220-kV power lines. This system operated in isolation from the Soviet Union's general scheme. In 2003 Turkmenistan left the energy system, having decided that it was able to provide itself with electricity on its own. And in early November 2009, the entire southern part of the Tajik energy system was automatically de-energized due to a spontaneous shutdown of units at the Nurek HPP. Tajikistan and the south of Uzbekistan remained without electricity for a day. After that Uzbekistan announced its withdrawal from the energy "ring". After that Uzbekistan completely de-energized the lines connecting its energy system with the Tajik system. As a result, Tajikistan's energy system automatically remained isolated from the rest of the region. Thus, the system ceased to exist as such in 2009, but was recreated again in 2019. Currently, it includes Kazakhstan, Uzbekistan, and Kyrgyzstan.

Large-Scale Cyberattacks on Kazakhstan Continue

Leaks of millions of citizens data, attacks by hackers, hourly calls from fraudsters - these are just some of the threats which have faced Kazakhstan over the past few months. Following the resignation – or dismissal depending on which source one believes - of the head of the Ministry of Digital Development, Innovation and the Aerospace Industry, Bagdat Mussin, many wonder whether the authorities will be able to secure Kazakhstan's internet. The Times of Central Asia investigates. On May 9, AlmaTV, Kazakhstan’s largest internet and cable TV provider, suffered an attack by hackers which caused disruption to its’ services. “According to data received… the cause of the disruption was a large-scale and multi-level cyberattack," AlmaTV stated. The outage solely affected internet broadcasting, whilst analog, digital and satellite TV services were working normally. According to numerous sources, the broadcast of the Victory Day military parade in Moscow was interrupted by footage of an anti-Russian nature, alleged torture, and other explicit content. Officials in Kazakhstan have yet to commented. This is not the first scandal in the sphere of cybersecurity. In March of this year, the State Technical Service JSC discovered that personal data pertaining to over two million clients of the microfinance organization, zaimer.kz (MFO Robocash.kz LLP), had been compromised. Warnings about the leak were also received by people who had never used the company’s services. In the opinion of many analysts, the reaction of the Ministry of Digital Development, Innovations and the Aerospace Industry was extremely late in coming, extremely vague, and in no way reassured Kazakhstanis about the safety of their private information. Mussin was accused of making excuses, poor-quality communication, failing to answer questions, and “babble talk.” In addition, back in February, foreign media, in particular CyberNews, reported that in leaked Chinese Government documents, data belonging to residents of Kazakhstan was found. The documents were related to spyware developed by the Chinese information security company, iSoon, and targeted social media platforms, telecommunications companies, and other such organizations. Allegedly, unknown assailants have posted a huge number of PRC government documents on GitHub. The information circulated also revealed sensitive data pertaining to several telecom operators in Kazakhstan. Also in February, a shocking statement by the Center for Analysis and Investigation of Cyberattacks (TSARKA) appeared, according to which a Chinese hacker group controlled the critical facets within Kazakhstan's IT infrastructure for almost two years. “On February 16, 2024, unknown persons published on the GitHub resource a leak of secret data from the Chinese company iSoon (aka Anxun), one of the contractors of the Chinese Ministry of Public Security (MPS). It is reported to be associated with Chengdu 404, a structure controlled by Chinese cyber intelligence known as APT41,” TSARKA said. “The attackers’ goal was both general information, such as databases, and targeted information of specific individuals: control of correspondence, calls and movement. Data analysis showed that the volume of stolen information is measured in terabytes.” The hackers managed to gain control over the event logs, call durations, IMEIs of devices, and...

Kazakhstan Launches Battle against Counterfeit Medicines

From 1 July 1, 2024, in an effort to rid the country of counterfeit drugs flooding the local market,  labeling of all medicines in Kazakhstan will become mandatory. According to the World Health Organization (WHO), every tenth package of medicines distributed in developing countries is counterfeit, and in Kazakhstan, exceeds 10% of the volume of imported medicines. This is not only an economic issue, but one that poses a direct  threat to people's lives and the health of the nation.  Under the new initiative, all drugs will be assigned an electronic passport detailing both its source and  path to the consumer. The Ministry of Health of the Republic of Kazakhstan stated that the key aim of the project is to eradicate illegal trade in medicines, including those used within the state's medical programs and mandatory social health insurance. Confident that mandatory labeling will prove effective in dealing with gray imports in the pharmaceutical market,  economist Andrei Chebotarev remarked, "When the manufacturer's goods are labeled, you can trace their  route all the way to your home medicine cabinet. Everyone will know, for example,  where the pills were produced and how they were imported into the country. At present, there is no  guarantee that  goods are genuine. Where was this medicine produced? In India, in Germany? It is almost impossible to check the source." In short, he continued, labeling is the surest way of "letting the cat out of the bag." Another positive impact of the introduction of labeling concerns  an increase in tax revenues and customs duties. Pharmacies in Kazakhstan already sell drugs labeled with the DataMatrix code. Specialists believe that the pharmaceutical industry is ready to exit the shadow turnover. During the first two months of 2024, almost 5,000 tons of various drugs worth $275.7 million, were imported by Kazakhstan.  

U.S. Authorities Asked to Sanction Violators of Religious Freedoms in Tajikistan

In early May, the U.S. Commission on International Religious Freedom (USCIRF) published its annual report on violations of religious freedom around the world. As a result of the report, the Commission called on the U.S. government to impose targeted sanctions against government agencies and officials in Tajikistan responsible for serious violations of religious freedom. This is reported by Radio Ozodi. The U.S. Commission on International Religious Freedom (USCIRF) is an independent, bipartisan federal government organization created by the U.S. Congress to monitor, analyze, and report on religious freedom abroad. USCIRF makes foreign policy recommendations to the President, Secretary of State, and Congress to deter religious persecution and promote freedom of religion and belief. Its annual report describes and evaluates U.S. international religious freedom policy. USCIRF criticizes the Tajik authorities for punishing oppositionists and critics of Emomali Rahmon's government under the pretext of combating extremism, closing mosques due to failure to fulfill the plan to draft into the Armed Forces of Tajikistan, restricting the activities of certain Aga Khan-related facilities in the Gorno-Badakhshan Autonomous Oblast, banning the activities of Jehovah's Witnesses, etc. The Commission emphasizes that the situation of religious freedom in Tajikistan, despite earlier recommendations, did not improve in 2023. "In 2023, the government of Tajikistan continued to restrict the religious activities of citizens, including those living abroad," the report states. For this reason, the Commission recommended that the U.S. government impose targeted sanctions against government agencies and officials responsible for serious violations of religious freedom, freeze their assets, and bar them from entering the United States. A similar recommendation was announced last May. USCIRF also called on the U.S. State Department to place Tajikistan, along with 16 other countries, on a "red" list of countries "of particular concern" because their governments commit or tolerate particularly serious violations of the right to freedom of religion or belief. In addition to Tajikistan, the list includes Burma, China, Cuba, Nicaragua, North Korea, Pakistan, Russia, Saudi Arabia, Turkmenistan, Vietnam and others. The Tajik authorities have not yet responded to the report, but the Tajik Committee on Religious Affairs responded to Radio Ozodi's request in January this year that it "considers the situation with religious freedom in the country to be good" and "not all the data in the reports correspond to reality". Tajikistan's challenges with violent extremism were highlighted recently following the claim by an offshoot of the Islamic State terrorist group, known as Islamic State-Khorasan, for the April attack on the Crocus City concert hall outside Moscow, which resulted in at least 143 fatalities. Russian investigators have determined that the assault was carried out by four individuals, all of whom were identified as Tajik nationals.