• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
22 January 2025

Viewing results 1 - 6 of 407

Jackson-Vanik and Kazakhstan: One Step Away from Repeal

The U.S. Senate has confirmed Marco Rubio as Secretary of State, raising hopes among Central Asian leaders - particularly in Kazakhstan - that his recent comments regarding the Jackson-Vanik amendment may soon translate into concrete action to repeal this outdated policy, which continues to hinder mutual trade. Passed in 1974 as part of the Trade Act under President Gerald Ford, the Jackson-Vanik amendment was designed to penalize countries with non-market economies that restricted emigration, particularly targeting the Soviet Union. The amendment specifically sought to pressure the USSR to allow its Jewish population to emigrate freely, while also protesting the suppression of Judaism and other religious practices. The amendment achieved a measure of success by 1989, when the Iron Curtain fell and Soviet Jews were permitted to emigrate in large numbers, primarily to Israel and the United States. However, the policy remained in place, even after the dissolution of the USSR, applying to the newly independent Central Asian republics despite their vastly different political and economic landscapes. On January 15, Rubio delivered a nearly five-hour confirmation speech during a Senate hearing for his nomination as Secretary of State under the Donald Trump administration. Among the topics discussed was the Jackson-Vanik amendment. Senator Steve Daines specifically asked Rubio for his position on the amendment, emphasizing that its repeal could normalize U.S. trade relations with Kazakhstan and Uzbekistan. Rubio described the amendment as “an absurd relic of the past,” asserting that it no longer serves any meaningful purpose in pressuring Central Asian countries on human rights. He warned that continued use of such measures could push nations like Kazakhstan and Uzbekistan closer to Russia’s sphere of influence. Rubio singled out Kazakhstan, noting that the country had “successfully met the conditions” to transition to a market economy, as evidenced by its accession to the World Trade Organization several years ago. He pledged to work with lawmakers to repeal the Jackson-Vanik amendment, signaling a shift in U.S. policy toward fostering deeper economic ties with the region. Why Central Asia Was Left Behind The continued application of the Jackson-Vanik amendment to Central Asia can be partially explained by the differing domestic policies of its key players - Kazakhstan and Uzbekistan. Under Nursultan Nazarbayev, Kazakhstan quickly abandoned Soviet-era restrictions on emigration and took steps to promote religious tolerance and interfaith harmony. By contrast, Uzbekistan under Islam Karimov maintained many of the Soviet Union’s repressive practices, including restrictions on religious minorities. This disparity in policies contributed to Washington’s perception of the region as monolithic and resistant to reform, discouraging efforts to lift the amendment. Recent Developments and Challenges In recent years, there have been efforts to lower trade barriers between the U.S. and Central Asia, particularly through initiatives like the B5+1 dialogue, which aims to attract greater Western investment to the region. However, the Jackson-Vanik amendment complicates these efforts, as countries must secure an annual waiver from the U.S. President to maintain normal trade relations. Kazakhstan has emerged as the frontrunner in advocating for the amendment’s repeal. An...

Uzbekistan’s Economy Grows 6.5%, Investments Reach $34.9 Billion in 2024

In 2024, Uzbekistan’s gross domestic product (GDP) grew by 6.5%, reaching $115 billion, according to Presidential Spokesperson Sherzod Asadov. The announcement was made during a presidential conference focused on investment and economic performance. Foreign investments surged by 1.6 times, totaling $34.9 billion, and 242 large and medium-sized projects worth $10 billion were launched. For the first time, the country’s exports reached $27 billion. According to the official report, the mining, oil and gas, chemical, and agriculture sectors exceeded their investment targets, achieving more than double their expected performance. This highlights the robust growth and prioritization of these key industries. Despite these achievements, challenges persist in several sectors: Textile Industry: Missed its investment target by $17 million. Uztransgaz and Uzmetkombinat: Investments dropped by half. Uzsuvtaminot: Experienced a 20% decrease in investments. Officials from these organizations have been issued strict warnings to improve their performance by the first quarter of 2025 or face further consequences. Additionally, several ministries underperformed in implementing grant plans: Ministries of Ecology, Agriculture, State Assets, Pharmaceuticals, and Forestry: Delivered less than 25% of their grant targets. Ministries of Construction, Transport, Culture, and Tourism: Secured less than $10 million in grants. Ministries responsible for Preschool and School Education, Health, Transport, Sports, Higher Education, Culture, Ecology, Agriculture, Digital Technologies, and Construction were criticized for failing to attract sufficient investments and grants, despite having significant opportunities to do so. The report also highlighted underwhelming investment figures from high-potential countries such as France, Japan, Italy, Hungary, Malaysia, and Spain, which collectively invested less than $100 million in Uzbekistan in 2024. This indicates untapped opportunities for economic partnerships and collaborative growth. As previously reported by The Times of Central Asia, Uzbekistan’s President Shavkat Mirziyoyev has outlined transformative plans to modernize state-owned railway and aviation sectors as part of the country’s long-term development strategy. These reforms aim to increase Uzbekistan’s GDP to $200 billion by 2030, setting an ambitious target for sustained economic growth.

New Arrests Made in Moscow Over Russian General’s Killing

Batukhan Tochiyev and Ramazan Padiyev have been detained in connection with the assassination of Russian General Igor Kirillov, head of the Radiation, Chemical, and Biological Defense (RCBD) Forces. According to a report by RIA Novosti, the arrests were announced by Svetlana Petrenko, the official representative of the Investigative Committee. “Based on the collected evidence, Tochiyev and Padiyev have been charged with carrying out a terrorist act as part of an organized group under Article 205 of the Russian Criminal Code. The court has been petitioned to place them under detention,” Petrenko said. Previously, The Times of Central Asia reported that the Russian Federal Security Service (FSS) had arrested another suspect, Akhmadzhon Kurbonov, a 1995-born Uzbek citizen. According to the investigation, Tochiyev and Padiyev rented a hostel room in the Moscow region for Kurbonov, who is alleged to have carried out the attack. Kurbonov was apprehended while attempting to flee after the bombing. Petrenko added that the authorities are continuing their investigation in collaboration with the FSS and Ministry of Internal Affairs to identify the individuals responsible for planning and organizing the attack. The suspects are believed to have operated under the guidance of a still-unknown curator. The Basmanny Court of Moscow has ordered the detention of Tochiyev and Padiyev until February 17. General Igor Kirillov and his assistant, Major Ilya Polikarpov, were killed on December 17 at approximately 6:00 a.m. when a bomb concealed in a scooter exploded near the entrance of a residential building on Ryazansky Prospekt as they exited the building. Kurbonov was detained the following day. According to investigators, he claimed he'd been acting on the orders of Ukrainian special services and that he was promised $100,000 and relocation to a European Union country in exchange for carrying out the attack. Authorities are now focused on uncovering the broader network behind the plot, which they believe was orchestrated as part of a larger plan by external forces.

Uzbekistan to Launch VIP Air Taxi Service in Partnership with UAE’s JETEX

During President Shavkat Mirziyoyev’s official visit to the United Arab Emirates on January 13, Uzbekistan’s Ministry of Transport signed a memorandum of cooperation with JETEX, a leading UAE-based aviation services company. The agreement, signed by Uzbekistan’s Minister of Transport Ilkhom Makhkamov and JETEX founder Adel Mardini, sets the stage for ambitious projects in Uzbekistan’s civil aviation sector. One of the cornerstone initiatives involves JETEX providing Fixed Base Operator (FBO) services for VIP and CIP (Commercially Important Passenger) customers at Tashkent-East Airport through a public-private partnership. This project will also include the repair, sale, and maintenance of small aircraft, along with the launch of VIP air taxi services. These efforts aim to strengthen Uzbekistan’s tourism industry and elevate the travel experience for high-end customers. According to officials, the project is expected to improve the quality of passenger services and enhance Tashkent’s reputation as an attractive and prestigious destination. Moreover, it is anticipated to generate over 200 jobs in Uzbekistan’s business aviation sector, contributing to the nation’s economic growth. Founded in 2005, JETEX has become a global leader in business aviation services, with operations in over 50 locations across the Middle East, Europe, Asia-Pacific, Africa, and the Americas. The company’s expertise in Fixed Base Operator services ensures reliable and sustainable growth in the business aviation sector. Fixed Base Operators (FBOs) provide essential airport services such as aircraft refueling, parking, hangar maintenance, repair, charter sales, and other aviation-related services. These facilities cater to private and business aviation, ensuring high-quality services for operators and passengers. The partnership with JETEX marks a significant step forward in modernizing Uzbekistan’s aviation infrastructure and expanding its footprint in the global business aviation market.

Uzbekistan to Launch Bus Routes to Central Asian Countries, Russia, and China

Uzbekistan’s Ministry of Transport has unveiled plans to establish new international passenger bus routes connecting regions of Uzbekistan to cities in Kazakhstan, Kyrgyzstan, Tajikistan, Russia, and China. The initiative aims to increase the share of bus transportation in Uzbekistan’s international passenger traffic, which is currently dominated by air travel. Planned Routes Kazakhstan Bukhara – Turkestan Urgench – Aktau Fergana – Almaty Kyrgyzstan Andijan – Osh Andijan – Jalalabad Andijan – Arslanbob Kosonsoy – Jalalabad Bukhara – Bishkek Tajikistan Samarkand – Dushanbe Bukhara – Dushanbe Russia Surkhandarya – Bukhara – Urgench – Nukus – Moscow Urgench – Nukus – Ufa Nukus – Krasnodar Tashkent – Ufa Tashkent – Krasnodar China Nukus – Urgench – Bukhara – Urumqi (Xinjiang Uyghur Autonomous Region) The Ministry has invited both domestic and international transport companies to apply for the operation of regular bus services on these proposed routes.

Four Arrested in Connection with Journalist Inessa Papernaya’s Death

Russian journalist Inessa Papernaya, known for her work with lenta.ru and profile.ru, was found dead in a hotel in Tashkent, Uzbekistan, on October 20, 2024. The Times of Central Asia previously reported that Papernaya was vacationing in Uzbekistan and staying at the Karaman Palace Hotel with her companion, Maxim Radchenko. Hotel staff discovered their bodies after receiving no response during a package delivery. Another Uzbek citizen was also found dead in the bathroom of a separate hotel room. According to forensic medical examination reports, the deaths were caused by respiratory failure due to acute poisoning from carbon monoxide and hydrogen sulfide gases. Investigations revealed that the hotel's boilers, which had exceeded their service life, were the source of the carbon monoxide leakage. The boilers also had faulty condensate discharge systems and were improperly connected to the sewage system. A comprehensive forensic investigation conducted by the Republican Center of Forensic Expertise uncovered multiple issues with the hotel’s gas equipment. The boilers were found to be outdated and had been modified in ways that violated safety standards. Key modifications included the removal of the siphon in the condensate discharge system, which allowed the discharge pipe to connect directly to the sewage system, creating hazardous conditions for gas leakage. Additionally, the installation of the equipment did not adhere to technical and safety regulations, and the heating, ventilation, and air conditioning systems failed to meet the required standards, further increasing the risk of poisoning. In response to these findings, four individuals were arrested in connection with the fatalities. Khojakulov, the hotel owner, along with Jamoldinov and Yusupov, suppliers of the faulty boilers, and Kurbonov, the plumber responsible for the installation, face charges under Uzbekistan’s Criminal Code for providing unsafe equipment and services resulting in multiple deaths. The suspects remain in custody as legal proceedings continue.