• KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09164 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09164 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09164 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09164 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09164 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09164 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09164 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09164 0.11%
  • UZS/USD = 0.00008 0%

Viewing results 7 - 12 of 348

Saudi and Emirati Companies to Build Two Wind Farms in Uzbekistan

Saudi and Emirati companies are to invest $7 billion in the construction of two windfarms in the Kungrad district of Uzbekistan's autonomous Karakalpakstan republic. The announcement followed the signing of two contracts  during the third Tashkent Investment Forum. The commission of the facilities will save almost 7 billion cubic meters of natural gas and prevent the emission of more than 2 billion tons of harmful gases into the atmosphere. Welcoming the initiative, the Uzbek Energy Ministry said, "Saudi company ACWA Power is implementing a megaproject to build a wind farm with a total capacity of 5 gigawatts in the Kungrad district of Karakalpakstan. The project is estimated at $6.2 billion. The station will generate 17.5 billion kilowatt-hours of electricity per year. A wind power plant with a total capacity of 1 gigawatt and a cost of $1.1 billion will be built in the same area by Amea Power from the UAE. It will generate 3.5 billion kilowatt-hours of electricity a year," . During the third Tashkent International Investment Forum, agreements signed by several government and private-sector counterparties, totalled $26.6 billion .

Joint Portfolio of Uzbekistan and Saudi Arabia Projects Exceeds $30 Billion

On May 2, Uzbek President Shavkat Mirziyoyev welcomed representatives of several countries to the Tashkent International Investment Forum. In discussion with the Speaker of the Parliament of Singapore, Sia Kian Peng, the two sides focused on cooperation in personnel training, investment, tourism and public safety, and emphasized the importance of joint, effective parliamentary control over their bilateral high-level agreements. During negotiations between Mirziyoyev  and the Chairman of the Cabinet of Ministers of Kyrgyzstan Aqilbek Japarov, the two leaders  concentrated on deepening strategic partnership between Uzbekistan and Kyrgyzstan, expansion of cooperation in various trade sectors such as industrial, energy, transport and logistics, and  marshalling interregional relations and cultural-humanitarian exchange. Special attention was paid to practical issues relating to the Kambarata HPP-1 (hydropower plant) and China-Kyrgyzstan-Uzbekistan railway projects. A delegation led by Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, used the opportunity to discuss the further expansion of practical cooperation, and the implementation of priority investment projects in Uzbekistan. The high level of bilateral trade and investment partnerships already achieved was noted. The portfolio of joint projects currently exceeds $30 billion, with Saudi Arabia's ACWA serving as a keen investor in Uzbek wind power generation. According to data provided by the Uzbek Government, agreements to implement projects worth $18 billion in the fields of green energy, infrastructure, healthcare and pharmaceuticals are set to be signed within the framework of the Tashkent International Investment Forum.

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...

Turkmenistan Ousts Uzbekistan from Tajikistan’s Market for Greenhouse Tomatoes

Turkmenistan has completely overtaken Uzbekistan in the market for greenhouse tomatoes in Tajikistan, according to a report by the EastFruit agricultural news portal. Analysis revealed that Turkmen tomatoes are winning due to competitive pricing and also, their attractive appearance and modern packaging. Despite problems related to the cultivation of tomatoes grown  in Tajikistan's greenhouses  this season, the price has remained at a record low for this time of the year. The average wholesale price for one kg is  currently just $1.46 -- and further price reductions are expected in the near future, notes EastFruit. In Tajikistan, which currently imports the majority of greenhouse tomatoes it consumes, the wholesale price is significantly lower ($1.9 per kg) than in Uzbekistan, which is still the main regional exporter. The EastFruit portal notes that today, greenhouse tomato prices in Central Asian countries are not much lower than  in Eastern European countries. It also reports that further development of energy-efficient greenhouse technologies will allow countries with colder climates to remain relatively highly competitive  and moreover,  local consumers are generally willing to pay more for the fresh taste of greenhouse-grown vegetables.  

Kyrgyzstan, Uzbekistan to Unite Their National Card Payment Systems

Kyrgyzstan's national payment system, Elkart, and Uzbekistan's Humo payments platform intend to launch a project on mutually acquiring, or guaranteeing payment security and authorizations according to Kyrgyzstan's Interbank Processing Center (IPC). The agreement was reached at a meeting in Tashkent. "We are going to develop payment systems and create an ecosystem in our countries. This project will open new horizons for the development of not only financial infrastructures of Kyrgyzstan and Uzbekistan, but will also give impetus to the development of many spheres of activity of the two states," said Kanykei Zhamangulova, Chair of the Board of the Kyrgyz IPC. Payment organizations of the two countries have been negotiating a mutual acquiring framework since last summer. At the last meeting in Bishkek, the parties agreed on money transfers and internet payments. "An agreement was reached to start a joint project for step-by-step realization of the set goals and mutual exchange of experience in acquiring, issuing and combating fraudulent transactions," Shukhratbek Kurbanov, director of the Humo payment system, said at the time. Citizens of Uzbekistan and Kyrgyzstan will be able to pay with their cards in the other of the two countries without additional commissions, he said. However, the exact launch date of mutual acquiring services wasn't announced. The cross-border payments plan is advancing as relations between Bishkek and Tashkent were further warmed by the demarcation of the two states' international border. This key step put an end to decades of border disputes that had persisted since the end of the Soviet period.

Uzbekistan’s Schoolchildren to Sit International PISA Tests

In 2025, Uzbekistan, with the support of the World Bank, will participate  in the Programme for International Student Assessment (PISA) administered by the Organization for Economic Cooperation and Development (OECD), with pilot testing starting this May. PISA testing assesses the ability of students from more than 80 countries in their knowledge and skills in reading, math and science. When allocating funding for PISA testing in 2019, World Bank experts noted the acute shortage of teachers and their low qualifications and in addition,  the absence of means to assess  both the quality of preschool education and a comfortable environment for learning. "Investing in children's early education is one of the most effective ways to develop human capital, which in turn will stimulate economic growth in the country," Hideki Mori, the head of the World Bank's representative office in Uzbekistan, said at the time. Last year's test results placed Uzbek schoolchildren in the bottom ten  of the 80 participant countries. The cause indicated significant problems within the domestic education system and subsequent data revealed a direct correlation between test results and  families' socioeconomic status. To address the issue,  officials plan to allocate more than $3.7 billion for schools and school education curricula this year.

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