• KGS/USD = 0.01132 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09167 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01132 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09167 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01132 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09167 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01132 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09167 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01132 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09167 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01132 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09167 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01132 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09167 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01132 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09167 -0.11%
  • UZS/USD = 0.00008 0%

Viewing results 7 - 12 of 156

Central Asia as an Emerging Economic Region

Central Asia, spanning an area from the Caspian Sea in the west to China in the east and from Afghanistan in the south to Russia in the north, is rapidly emerging as a significant economic block. Comprising five post-Soviet states — Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan — this region is distinguished by its rich natural resources and strategic geographic position, as well as its natural beauty and cultural heritage. With a combined population of around 75 million people, Central Asia has emerged as a dynamically developing market that is increasingly attracting global interest. The transformation unfolding in Central Asia holds both promise and significant challenges for its residents and foreign investors alike. This shift is driven by increasing calls for political reform, the dynamism of a youthful population, and an imperative for sustainable development alongside the pressing need to diversify economic bases.   Structural changes following independence in 1991 set the stage for robust growth from 2000s onward Following the collapse of the Soviet Union in 1991, Central Asian countries faced the challenge of transitioning from centrally-planned to market-oriented economies. This period was marked by significant economic difficulties across the region including negative GDP growth and hyperinflation, compounded by the complexities of privatization, legal reforms, and both social and political instability. The nations responded with different development strategies aimed at market liberalization, infrastructure improvement, and the utilization of natural resources. By 2000, Central Asia experienced a noticeable economic resurgence, marking a striking contrast to the conditions in 1991. In that year, Uzbekistan's GDP growth was at -0.5%, Kyrgyzstan at -7.9%, and Kazakhstan at -11%. A decade later, these countries reported positive growth rates of 4.2%, 5.3%, and 13.5%, respectively. This remarkable turnaround can be attributed to the "low base effect," where the initially low economic indicators set the stage for significant improvements over time. The total GDP of Central Asian countries has grown seven times since the beginning of the 2000s. In comparison with the global economic growth rate of +2.6% annually, the Central Asian region grew by an average of 6.2% between 2000 and 2023 according to IMF data. All Central Asian states are forecasted to outpace the IMF’s projected growth rate for emerging markets and developing economies 2024 which stands at 4.2%; however, actual growth will depend on reforms and foreign investment. Kazakhstan has set the highest growth goal with a five-year target GDP increase to $450 billion, which would require an achievable but challenging 6% annual growth. As illustrated below, Kazakhstan stands out as the economic powerhouse of Central Asia with a GDP almost 1.5 times that of all the other countries combined.     Labor markets: Optimal demographics for growth and innovation According to United Nations data, approximately 75 million people live in Central Asia, representing 1% of the world’s population. Relative to the global median age, all of Central Asia boasts a young population. A youthful population fuels economic growth by replenishing the workforce, driving innovation, and expanding consumer markets. It supports older demographics...

Central Asian Entrepreneurs in Russia Shutting Down Hospitality Businesses Due to Xenophobia, Police Inspections

As previously reported by TCA, cafes and restaurants in Russia run by business owners from Central Asia have begun to close en masse. Following the terrorist attack on Crocus City Hall near Moscow on March 22, for which several Tajik nationals have been detained and charged as the perpetrators, preexisting anti-migrant sentiment in Russia has intensified. Since that time, 75% of cafes and restaurants run by Central Asian migrants in Moscow alone have shut, with their owners citing xenophobia and harassment by the police. According to the Current Time news portal, police have sharply stepped up checks on newcomers, mostly Central Asians, over the past month. Raids against migrants are going on all over the country. Many migrants have already left Russia because of this - or refused to visit public places, including cafes. Café and restaurant owners have therefore suffered losses, and many have been forced to cease operations altogether. Police inspections of cafes and restaurants frequented by migrants have also increased - which is also not good for business. Migrants from other countries who work in the hospitality industry in Russia have also stated that increased xenophobia and raids after the terrorist attack have hit the restaurant business particularly hard. Those pressures - coupled with painfully high Russian inflation for food, goods, labor, and more  - have made operations in the hospitality sector unprofitable for many whose livelihoods depend on it.

Time Spent by Tajikistan Citizens Sleeping, Eating and Working

The results of a study on time-budgeting by citizens of Tajikistan, conducted with support from the World Bank, was recently published by the Statistical Agency under the President of Tajikistan,. According to data, the first of its type to be recorded in Tajikistan, the country's residents sleep for an average of 8 hours, read for 8 minutes, and work for only an hour each day. During the study, from 15 September to 15 December 2023, officials interviewed 13,150 people over the age of 10 years old. Sixty percent were women and 40 percent, men. The results were presented by gender, age, area of residence (urban/rural), level of education, and employment status.  As such, the data provides a broad source of information for analysis in areas including general  labour productivity, women's labour and their contribution to the economy, the construction of the system of national accounts, and the organization and conduct of leisure activities as an indicator of well-being. Results showed that on any given day, Tajikistan's population aged 10 and over,  spends 12 hours and 53 minutes on personal care, or 53.7 percent of their day. Of this, 8 hours and 26 minutes are spent sleeping, 2 hours and 43 minutes eating, and 1 hour and 43 minutes on personal hygiene and grooming. The second highest daily time-consuming activity, averaging 4 hours and 4 minutes, is  housekeeping. Perhaps not surprisingly, women spend 5 hours and 16 minutes a day on housekeeping, and men, just  2 hours and 35 minutes. One hour 37 minutes or 6.8% of the day is occupied on media consumption. Every day, citizens watch TV for around 1 hour 22 minutes but only 8 minutes reading books. The third most popular daily activity involved communication and leisure, at 1 hour 20 minutes. Work took fifth place, with an average of 1 hour 17 minutes per day. Education took up 48 minutes a day, while daily engagement in sports and active leisure pursuits remains lower still at 12 minutes a day.  

Celebrating Russian Orthodox Easter in Central Asia: A Fusion of Traditions and Cultures

Russian Orthodox Easter, known as Pascha, is one of the most significant and joyously celebrated holidays among Russian communities worldwide, including those residing in the diverse tapestry of Central Asia. This celebration, deeply rooted in religious traditions, brings a unique blend of spiritual solemnity and communal festivities that stand out amidst the landscapes of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The Heart of Russian Orthodox Easter The essence of Russian Orthodox Easter lies in its adherence to the Julian calendar, which often sets the celebration on a different date from Easter observed by Western Christian churches following the Gregorian calendar. The focal point of this celebration is the resurrection of Jesus Christ, a moment of immense spiritual rejoicing and the culmination of the Holy Week, preceded by the Great Lent, a period of fasting and penitence. Easter Traditions Transcending Borders In Central Asia, Russian Orthodox communities maintain their rich cultural heritage through distinctive Easter traditions. The ritual foods - Kulich, a tall, sweet yeast bread, and Paskha, a cheese dessert shaped into a pyramid to symbolize the Tomb of Christ, are central to the celebration. Eggs, painted in vibrant colors with a predominance of red, symbolize new life and hope, serving as both decorative items and gifts exchanged among friends and family. Easter Eve is marked by a solemn service that extends into the early hours of Sunday. The service begins in pitch darkness, symbolizing the tomb's interior. At midnight, churches and homes alike are filled with light and joyous exclamations of "Christ is Risen!" to which the response is "Indeed He is Risen!" This exchange, sometimes accompanied by threefold kisses, underscores the communal and inclusive spirit of Easter celebrations. A Celebration Amidst Diversity Despite the predominantly Muslim backdrop of Central Asia, the observance of Russian Orthodox Easter across the region is a testament to the religious freedoms and interfaith harmony that prevails. Local authorities and communities accommodate and respect these celebrations, making way for processions, services, and the public sharing of Easter foods and greetings. The open expression of such traditions fosters a sense of unity and mutual respect among the region's mosaic of cultures and religions. Cultural Fusion and Community Russian Orthodox communities in Central Asia not only preserve their traditions but also open avenues for cultural exchange. Easter festivities often see a blend of local and Russian customs, creating a rich, multicultural celebration. From the blessing of Easter baskets in churches to community gatherings and charitable acts, the essence of Easter - renewal and hope - resonates across diverse landscapes. Conclusion Russian Orthodox Easter in Central Asia is a testament to the enduring spirit of faith and community beyond geographical and cultural boundaries. It exemplifies how deeply-held religious traditions can coexist and flourish amidst diversity, bringing people together in celebration of shared values of rebirth, joy, and eternal hope. In the heart of Central Asia, Easter remains a vibrant and unifying force, showcasing the beauty of cultural convergence and the universal message of peace and renewal inherent...

Tajikistan Faces Acute Shortage of Human Capital in Field of Land Reclamation and Irrigation

In Tajikistan, specialists are leaving the important sphere of land reclamation and irrigation due to low salaries. In the last five months alone, 1,000 employees of the Land Reclamation and Irrigation Department (LRID) in Sughd Province have quit their jobs. That could mean trouble for the agricultural sector sooner rather than later. As Asia-Plus reports, subordinate enterprises under the Land Reclamation and Irrigation Agency are among the main debtors to the tax authorities. Their debt at the beginning of the year is 83.8 million somoni ($7.7 million) - and more than 80 million also belongs to the energy sector. For the first quarter of 2024, the Agency's wage arrears amounted to about 1.7 million somoni. "This is primarily due to the fact that water users do not pay or delay payment for reclamation services. Today, the debt of water users amounts to 95.6 million somoni," according to the Soghd regional leadership. More than 5,600 people work in Tajikistan's land reclamation and irrigation sector. The average salary of employees is about 850 somoni per month ($78), and in the regions that salary hasn't been paid for months. Only during the irrigation season can employees of local water management organizations go to the fields and collect money for irrigation services rendered. Those proceeds often pay rank-and-file workers' salaries. In order to pay their employees, managers of local water management organizations let them use equipment (excavators, tractors, trailers, etc.) that's available in order to make money. There are 779 units of machinery of different brands on the balance sheet of the subordinate enterprises of the Agency, 350 of which are so outdated they are no longer suitable for use. The sad state of affairs in the Land Reclamation and Irrigation Agency and its subordinate organizations has become a key reason for the mass departure of employees As a consequence, the Agency is facing a crippling staff shortage, with some water pumping stations employing 5-6 people instead of the 18 needed. The department plans to increase salaries for its specialists - especially young personnel - at the expense of payments for water supply. However, most water consumers are also unable to pay for irrigation, thereby threatening the wage increases before they even begin - meaning both problems may yet persist in tandem.

Tajikistan and Kyrgyzstan May Swap Territories to Ease Border Tensions

In order to solve their long-running border demarcation dispute, Kyrgyzstan and Tajikistan may consider the option of exchanging territories. That's according to remarks made by Marat Imankulov, the Secretary of the Security Council of the Kyrgyz Republic, in an interview with state news agency, Kabar. According to him, the remarkable thing is that the border in the Batken region passes through difficult terrain, densely populated areas, bisecting streets, yards, and even houses. “Therefore, it should be separated. This is a difficult compromise. It is impossible without it. We have to give way. If necessary, the option of exchanging regions can be considered. Of course, there should be a preliminary agreement with local residents; that's how things are going now,” said Imankulov. The Secretary of the Security Council noted that each country has its own interests, but the parties are now looking for balance and compromise. Imankulov added that all border negotiations should proceed peacefully. Demarcation of the border has been a long-standing source of conflict between the two nations, it is emblematic of the problem that even the length of the border - sometimes cited as being 975-kilomtres long, and at others times 972-kilomteres - is rarely agreed upon. In January 2023, Tajikistan’s President Rahmon stated that 614-kilometres had been settled upon, backtracking on a previously stated figure of 664. In a sign of thawing relations, however, on November 9th 2023, the Cabinet of Ministers of the Kyrgyz Republic announced that a further 17.98 kilometers of the border had been agreed. With its scant natural resources and dwindling water supplies, the border between Kyrgyzstan and Tajikistan has been the scene of numerous skirmishes for many years. In 2014, all borders between Kyrgyzstan and Tajikistan were closed indefinitely to Kyrgyz and Tajik citizens following clashes over a bypass road in disputed territory; mortars were fired and both armies suffered casualties. Trouble spilled over again throughout 2021 and 2022, reportedly starting over a water dispute in the Vorukh enclave, and leaving an unknown number in the hundreds killed, and up to 136,000 people evacuated. In September 2022, another shooting took place on the border between the two countries.

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