• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Uzbekistan’s senators amend legislation to improve environmental safety

During a meeting on January 20th, the Senate of the Oliy Majlis introduced amendments to legislation aimed at improving environmental safety.

The amendments are aimed at reducing the negative impact on the environment. They will also contribute to increasing the responsibility of state bodies. The amendments establish clear mechanisms and procedures for responding to threats to the life and health of the population.

According to the senators, the increase in construction, production and urbanization leads to increased emissions of pollutants into the environment. Urbanization is often accompanied by the expansion of production capacity, construction of factories, enterprises and infrastructure, which leads to an increase in emissions of harmful substances into the atmosphere. In Uzbekistan this takes place due to the active development of industry, construction of new infrastructure facilities, increase in motor traffic, and poor quality of waste treatment systems.

In accordance with the proposed amendments, the legislation now provides for the possibility of limiting and temporarily suspending the operation of facilities that have a negative impact on the environment for a period of up to 10 working days, in order to prevent possible emergencies, epidemics and other threats to people’s health.

According to the senators, these changes contribute to improving the environmental situation and protecting enterprises, as well as fighting corruption and increasing the responsibility of government agencies.

However, Senate chairwoman Tanzila Narbayeva expressed doubts and noted that environmental laws should not contain ambiguous norms that can be interpreted and applied differently.

“In practice, such a situation can cause various problems, misunderstandings, discontent and, worst of all, cases of corruption. From this point of view, these amendments are very important. Because the level of industrialization in our country is growing every year. Under such conditions, the scale of environmental impact will increase. Especially today, in our big cities, such as Tashkent, such clear legal norms are very important for prevention of exceeding the level of air pollution.”

Due to this, additional changes are possible in the future, which will more precisely justify the laws “On Nature Protection”, “On Atmospheric Air Protection” and “On Environmental Control”.

Uzbekistan Ratifies Agreement on Transfer of Prisoners with Iran

The forty-ninth plenary session of the Senate of Oliy Majlis of the Republic of Uzbekistan took place in Tashkent on January 20th. Tanzila Norboeva, the head of the Senate presided over the plenary meeting, which was conducted via video conference, wherein discussions were held regarding a bill entitled, On the ratification of the Agreement on the transfer of prisoners between the Republic of Uzbekistan and the Islamic Republic of Iran (Tehran, June 18, 2023).

The agreement’s ratification gives Iranian and Uzbek citizens who have been detained in each other’s territories a legal foundation on which to serve out their sentences in their home nation, thus allowing for regular visits with close relatives and easing the transition to civilian life. The agreement also opens up the possibility of bilateral cooperation in the area of the transfer of convicts.

Air Astana Preparing for IPO

Air Astana has officially confirmed its participation in the listing of securities on the London Stock Exchange, the IFCA Stock Exchange (AIX), and the Kazakhstan Stock Exchange (KASE). This was first announced at a briefing on January 19th, which was attended by Dastan Adikhodzhaev, the director of privatization and restructuring of assets of Samruk Kazyna JSC, and Peter Foster, the president of Air Astana JSC. Adikhodzhaev noted that this decision was taken to support the instructions of the President of Kazakhstan, and to maintain a comprehensive plan for privatization for 2021-2025.
“Privatization of part of state blocks, especially by bringing our largest companies to IPO, SPO is an important part. Tasks are being solved progressively, and in recent years we have made significant progress in this direction,” said Adikhodzhaev.
At the upcoming IPO it is planned to sell common shares in the national currency, as well as global depositary receipts in U.S. dollars. For the realization of the local offering, the company has attracted Halyk Finance JSC as joint bookrunner, Freedom Finance Global PLC as lead manager, as well as BCC Invest JSC, SkyBridge Invest JSC and Jusan Invest JSC as co-managers.
The IPO is scheduled to begin on January 29th.
“On behalf of the Company, I am pleased to officially confirm our intention to take Air Astana Group public,”President and CEO of Air Astana, Peter Foster commented. “As the largest airline group in Central Asia and the Caucasus, we believe that our industry status, market position and growth profile represent an attractive investment opportunity. This is an important milestone in our long-term strategy and we look forward to welcoming new Kazakhstani and international investors as shareholders of the group. The Company intends to raise an additional $120 million.”
According to the Skytrax World Airline Awards, Air Astana was the Best Airline in Central Asia and the CIS in 2023, the eleventh time the company has won this title. Air Astana also has a five-star rating in the category of the largest airlines by APEX (Airline Passenger Experience Association).

The Senate of Kazakhstan approves an agreement with France on fighting climate change

Kazakhstan has signed an agreement with France concerning issues related to climate change.

This agreement helps Kazakhstan to contribute to the fight against climate change, and provides for joint efforts to implement major projects in the field of renewable energy and sustainable development in the country.

One of the biggest initiatives envisaged under this agreement is the Mirny project. Its main goal is to create a hybrid power plant with a total capacity of 1 GW, which will operate using wind energy. This power plant is planned to be located in the Zhambyl region, close to the town of Mirny. This project will be vital in developing energy sources that do not harm the environment.

 

Infrastructure development: Qatari investors see prospects in Tajikistan

During a state visit to Qatar, Tajik president Emomali Rahmon met with Ahmad Muhammad Tayyib, the head of investment at the Qatari company Diyori, to discuss the implementation of the ‘Diar Dushanbe’ construction project.

Qatari companies see prospects for investing in Tajikistan’s tourism infrastructure and social facilities. During the meeting with Mr Rahmon the parties expressed the need for timely realization of the next stages of construction of the project. The Diar Dushanbe project was identified as a “5-star multifunctional complex”, which emphasizes its importance for the development of the region.

Diar Dushanbe will have an autonomous system for water and energy supply. It will also include business and shopping centers, restaurants, cafes and apartments.

Year of Kazakhstan Tourism in China to Begin in March

On January 22nd, Kazakhstan’s minister for tourism and sports, Ermek Marzhikpayev, discussed with his Chinese counterpart, Sun Yeli, plans for holding the ‘Year of Kazakhstan Tourism in China’ in 2024, the Kazakh Ministry of Tourism and Sports has reported. During the meeting, the Kazakh Ministry of Tourism and Sports presented the concept for the Year of Kazakhstan Tourism, which includes a number of large events in major Chinese cities.

This year was declared the ‘Year of Kazakhstan Tourism in China’ during an official visit to China in 2023 by Kazakhstan’s president Kassym-Jomart Tokayev. The official opening of the Year of Tourism is scheduled for the end of March, and in total more than 25 different events are planned. “China is one of the priority tourism markets and partners for Kazakhstan. This is due to the geographical location of the two countries and deep historical ties along the Silk Road. Today, the tourist flow between our countries is returning to pre-pandemic levels,” Mr Marzhikpayev said.

China was second on the list of countries whose citizens visited Kazakhstan in 2023, behind only Russia. According to official statistics, over the first nine months of last year more than 75,000 Chinese tourists stayed in Kazakh hotels, while over 200,000 visitors from China came to Kazakhstan overall.

With the introduction of a visa-free regime for Chinese citizens from November 10th last year, and the planned increase in the number of direct flights between Kazakhstan and China to 30 per week this year, a further increase in the tourist flow from China is expected, the ministry said.