• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
25 May 2025

Viewing results 343 - 348 of 557

Nuclear Power in Uzbekistan Has a Political Aspect – Economist Behzod Hoshimov

A Russian-built and managed nuclear power plant (NPP) is under construction in Uzbekistan's Jizzakh region. However, some experts are not convinced about the project's feasibility. One of them is Uzbek economist Behzod Hoshimov, who has been speaking recently about the economic and political aspects of Rosatom's foray into Uzbekistan. According to Hoshimov, the problem is not the lack of reform in the electricity and energy sectors, but rather poor policy and management. “Even now, without any nuclear power plants, we can import electricity or fuel for its production, and we can attract companies that produce solar energy at fairly normal prices. Therefore, the problem of "lack of electricity" results from artificially created, mismanaged, and wrongly constructed electricity policy. The construction of NPP is not a technological problem that can be solved,” the economist writes on his Telegram channel. He raises questions such as whether the decision to build a nuclear power plant was economically feasible, and how much money the Uzbek government will spend on its construction. “Will it be financed from other financial sources, including the state debt, and most importantly, if the state is building, how much will it cost the people of Uzbekistan?" The amounts intended to be used from all state and non-state financial sources must be fully and completely disclosed. This fiscal requirement is also defined in our constitution,” Hoshimov adds. “But more importantly, there are other conditions in the deal, which are more important than the station's price. We need to talk about them. It is very important who manages the station and at what price electricity is sold. In Turkey, Russia has built entirely at its own expense and made a deal for 12.5 cents per 1 kilowatt hour of energy. There is a reasonable question about whether we should take it under the same conditions. Today, if there are cheaper generation sources in Uzbekistan, how much more expensive nuclear energy is necessary?” Hoshimov has noted that there are also political aspects to the issue: “The second thing that applies to all state expenditures, especially large and important ones, is choosing a contractor. Did companies other than "Rosatom" participate in the tender? Countries like France and Japan have highly developed atomic energy, and they also build excellent stations. What did their companies offer to our government? Why "Rosatom?" The reason I ask this question is, of course, that there is no place for politics in such a thing. Europe has almost completely abandoned Russian energy – the reason for this was the full-fledged war in Europe. Once upon a time, Germany decided that Russian energy was cheap, not considering political calculations but relying only on economic calculations, and this decision cost a lot. But for a much smaller country like ours, the fact that the main contractor in the NPP is the Russian state and a state-owned enterprise should be a very big question.” He also points out: "If the Japanese and the Russians offer the same price, I would say that the Japanese should be...

The Geography of Labor: Where Do Central Asian Migrants Travel To?

Since February 2022, international observers have been predicting changes in labor migration in Central Asia. It is no secret that for 30 years Russia was the main attraction for labor resources in the region, and in the "noughties," Kazakhstan joined as a viable alternative. Over the past two years, the geography of labor migration from Central Asia has expanded somewhat, but still not to the extent that one could say that the region is slipping away from Moscow's economic influence. In Russia itself, despite growing anti-migrant sentiment after the terrorist attack at the Crocus City concert hall, the country's leadership has no intention of refusing to accept migrants from Central Asia. The current phase of Russia's economic development requires a constant inflow of labor resources, so Moscow is even talking about expanding the geography of sources of labor on an industrial scale, particularly to African countries. However, the movement of labor resources from Central Asia to the outside world is a process that benefits both the countries of origin of migrants and those who receive them. The region's countries shed their excess population, thus avoiding possible social explosions, while the receiving countries get workers willing to do low-paid and low-skilled labor. This is true for three of the five Central Asian countries. We do not consider Turkmenistan -- a republic closed to the outside world -- but labor migration from Kazakhstan is more like a "brain drain," which puts it on a par with Russia, which is experiencing similar problems. In the Central Asian republics, the topic of labor migration is still victimized, and the pejorative term "gastarbeiters" remains in common use. Thus, research on these processes is not permanent, which makes it difficult to work with statistical data. And since the largest receiving country is Russia, where chaos reigns regarding labor migration, we can only operate with approximate data. Uzbekistan Let us start with Uzbekistan, the most populous republic in Central Asia. Uzbekistan does not have the same opportunities as Kazakhstan with mineral resources, primarily oil. In Uzbekistan, the rate of labor migration abroad remains the fastest; only the pandemic has been able to affect it. Before the pandemic, in 2019, according to official data, more than 2.5 million Uzbek citizens were listed as labor migrants. In 2021, this number dropped to 1.67 million people, but now, the number of those who left for work has recovered. The main labor migration flows come from Russia - 71%, Kazakhstan - 12%, South Korea - 4% and Turkey - 3%. In the first quarter of 2024, cross-border remittances to Uzbekistan increased from $2.3 billion to $2.5 billion. Russia's share dropped to 68% (78-87% in previous years). Kyrgyzstan Russia, Turkey, and Kazakhstan are also the main destinations for migrants from Kyrgyzstan. South Korea and the UK have been added to the list recently. According to open-source data, in 2022, 1.2 million labor migrants from Kyrgyzstan were registered in Russia, with about 30,000 in Turkey and Kazakhstan. In Kyrgyzstan, labor migration has become important...

World Economic Forum Names Kazakhstan Best Tourism Destination in Central Asia

The World Economic Forum recently announced the Travel and Tourism Development Index for 2024. In this rating, the USA took first place, followed by Spain and Japan, which took second and third place respectively. France, Australia, Germany, Great Britain, China, Italy, and Switzerland completed the top ten. The Times of Central Asia has reviewed this report on the scale of Central Asian countries. When compiling the rating, 119 countries were considered in several categories: enabling environment, policy and condition, infrastructure and service, resources, and sustainability. In this rating, Kazakhstan takes 52nd place with a score of 4.07. Kazakhstan’s healthcare infrastructure, accessibility, and health security are rated at 5.98 points; it occupies 23rd place in this category. Another high indicator of the country is its socio-economic impact, in which Kazakhstan took 5th place. According to Kazakhstan's Ministry of Tourism, 1,084,800 foreign tourists visited the country in 2023. This is 156,800 more people than last year. “Our goal to develop the tourism sector in terms of quality is reflected in the rating improvement according to various criteria, including price competitiveness, quality of service, and socio-economic impact,” said Ermek Marjikpayev, minister of tourism and sports. Uzbekistan takes 78th place in the rating, up from 94th in 2019. The indicators' growth indicates that the country's tourism initiatives are gradually improving. Uzbekistan records relatively good indicators in terms of price competitiveness (25), safety and security (26), socio-economic impact (33), and demand sustainability (40). The lowest indicator is the prioritization of travel and tourism. Uzbekistan’s potential in this regard is estimated at 3.30, occupying 105th place. According to the Statistics Agency of Uzbekistan, 6.6 million tourists visited the country in 2023. During the year, citizens of the neighboring republics of Tajikistan, Kyrgyzstan, and Kazakhstan recorded the largest number of visits. The Central Asian countries record a good result in terms of price competitiveness. Tajikistan takes 10th place in this direction; its overall capabilities are estimated at 3.42 points, and it takes 99th place among 119 countries. We can also see that the country’s capabilities are relatively good in the categories of demand sustainability (21), safety, and security (33). The lowest results are non-leisure resources (113) and openness to travel and tourism (111). For reference, 1 million 256 thousand tourists visited Tajikistan in 2023, with 92.5% of them being citizens of the CIS. This is 20.2% more than in 2022. Kyrgyzstan recorded the lowest indicator in the region with 3.38 points, occupying 102nd place. Although its results are low compared to those of the other countries in the region, it ranks 11th in terms of price competitiveness. According to Nurgozi Toychuyev, the Kyrgyz representative for the economy ministry's tourism department, the republic's situation in the field of tourism is stable. “If we do not consider the coronavirus period, the number of tourists is increasing yearly. For example, at the end of 2023, Kyrgyzstan received 8 million 557 thousand foreign citizens,” he said.

World Bank to Help Uzbekistan Improve Social Protection

Uzbekistan will receive $100 million from the World Bank to improve its social services. The funds will also be used to set up 50 social service centers, train professionals to work with vulnerable people, and employ people with disabilities. Under the 'Inson' project, various vulnerable groups will be able to receive more social services. There will be an additional $2 million grant to assess the impact of services on the wellbeing of vulnerable children. "The project will assist in developing the legal and institutional framework for the 'care economy' sector in Uzbekistan. It will also help improve access to demanded social services that are still inaccessible to thousands of people, including elderly citizens, people with disabilities, victims of domestic violence, and socially vulnerable children," said the World Bank's country manager for Uzbekistan Marco Mantovanelli. The 50 social service centers are expected to facilitate targeted outreach to those in need, including the creation of a legal framework to improve the quality standards of social services. It is planned to train 1,200 people with disabilities in crafts and vocational skills, half of them young people aged 15-24. The project will also provide quality legal, medical, psychological, and other assistance to female victims of violence. They will be allowed to learn computer and financial literacy and a profession. It is envisaged to create an adaptive system of social protection for vulnerable people during emergencies and due to climate change. For 100,000 poor citizens in rural areas, the program will provide seeds for climate-resistant crops, agricultural tools, and training in farming under changing climatic conditions.

Uzbekistan to Build a Nuclear Power Plant

During the Russian president's state visit to Uzbekistan, a protocol on amending the intergovernmental agreement on cooperation between the two countries in the construction of a nuclear power plant in Uzbekistan was signed, Atom Media reports. On the margins of the event, Russia's Atomstroyexport joint stock company and the Directorate for NPP Construction under the Atomic Energy Agency of the the Cabinet of Ministers of the Republic of Uzbekistan signed a contract for the construction of a small-capacity nuclear power plant (SCNPP). The project envisages a Russian-designed ASMP in the Jizzakh region with a capacity of 330 MW (six reactors with a capacity of 55 MW each). Rosatom will be the general contractor for the construction of the plant, with local companies also be involved in the construction. Thus, Rosatom has signed the first-ever export contract to construct a small-capacity nuclear power plant. "According to forecasts, the demand for energy resources in Uzbekistan will almost double by 2050, and it is obvious that for the stable operation of the energy system and the development of the economy, our country must provide itself with a basic source of energy. All over the world, we are now seeing a growing interest in the creation of new nuclear facilities, both in terms of building large-capacity NPPs and small modular reactor projects. We believe that expansion of cooperation with Rosatom will allow us to strengthen our energy complex with advanced technologies in nuclear energy," Azim Akhmedkhadzhaev, director of the Atomic Energy Agency under the Cabinet of Ministers of the Republic of Uzbekistan commented on the signing. Construction work on the site will begin this summer. The project of construction of ASMM is based on the latest Russian development - the RITM-200n reactor. This development has been tested in Arctic conditions on the newest Russian icebreakers. Since 2012, 10 RITM-200 reactors have been manufactured for the universal nuclear icebreakers Arktika, Sibir, Ural, Yakutia and Chukotka. The first three have already been commissioned and are successfully fulfilling their obligations to guide caravans of ships in the western region of the Arctic. The safety of the planned low-capacity nuclear power plant will be achieved through multilevel systems and containment barriers. The combination of active (requiring power supply sources) and passive (operating without a power source) safety systems makes it possible to achieve the highest possible level of plant safety. These systems are implemented to prevent the possibility of an accident, and several levels of barriers incorporated in the plant design avoid the release of radioactive substances into the environment. According to the IAEA, approximately 50 ASMM designs and concepts are at various stages of development worldwide. Rosatom and Uzatom have yet to announce the cost and planned timing for the completion of the project.

Uzbekistan Interested in Afghan Oil and Gas

TOLOnews reports that Russian and Uzbek companies have expressed their intention to develop oil and gas fields in Afghanistan, whilst the interest of other Central Asian countries in this field is also growing. "Recently, we had meetings with Uzbek companies," Homayoon Afghan, spokesperson for the Ministry of Mines and Petroleum said. "The Ministry has announced several oil and gas sites to attract investment, including the Herat oil and gas fields.” Plans for the exploration and extraction of oil, gas and other minerals became one of the main topics discussed during the visit of the delegation of Uzbekistan to Kabul. At that time, it was reported that Uzbekistan wanted to buy more than 1 million tons of coal from Afghanistan. Also, on May 21 of this year, Uzbekistan sent humanitarian aid to the people affected by floods in Afghanistan. This aid included 48 tons of flour, 22 tons of rice, 100,000 canned goods and 44 tons of pasta products, 96 water storage tanks of 1,000 liters, etc. The UN World Food Program has reported that more than 300 people have died and 1,000 homes have been destroyed in floods caused by heavy seasonal rains in Afghanistan.