Page 779 – The Times Of Central Asia

22 Apr 2024

Central Asia, Local Politics, Kyrgyzstan, Kyrgyzstan Local Politics, Business & Economy, Kyrgyzstan Business & Economy

Kyrgyz Authorities Seeking Monopoly on Insurance, Industry Group Says

September 26, 2024
By Times of Central Asia

The Kyrgyz Association of Insurers is sounding the alarm that private insurance companies may soon be out of work due to government interference.

According to a decree signed by Kyrgyz President Sadyr Japarov, all state bodies and local governments are now instructed to insure all their property with the State Insurance Organization (JSC SIO) in order to develop the national insurance market.

“The Cabinet of Ministers of the Kyrgyz Republic will define JSC SIO as the national operator for reinsurance, including export risks, within the framework of cooperation with the Eurasian Reinsurance Company,” the document says.

The Kyrgyz Association of Insurers appealed to human rights activists to assist in protecting their interests. Private insurers are sure that the new law violates their rights and doesn’t comply with Kyrgyzstan’s current legislation. “According to insurers, the principles of entrepreneurial activity established by the legislation of the country, such as non-interference of state bodies in the activities of business entities, are violated. In addition, the state guarantees for the protection of the rights of entrepreneurs equal rights and opportunities to access financial resources — as well as the creation of conditions for the protection and development of competition — are being violated,” – said the International Business Council, which was engaged by Kyrgyz private insurance companies on the matter.

The current law “On Organization of Insurance in the Kyrgyz Republic” prohibits interference in insurance activities.

Private insurance brokers and business owners argue that the state is playing an unfair game at the legislative level, forcing state-owned companies to insure their property with the SIO. Besides, the financial means to underwrite risk and pay out possible insurance claims are miniscule to the capitalization of private insurers.

Last year, the authorities increased the capitalization of the SSO to 1 billion som, and this year they will allocate another 300 million som by presidential decree.

“In the prescribed manner by 2027 to find and gradually allocate funds in the amount of 5 billion som to JSC “SIO” to increase the authorized capital… By 2027, the annual profit in the amount of 100 percent, received from the activities of JSC “SIO,” will be directed to increase the authorized capital at the expense of the distribution of budget revenues and expenditures,” the law reads.

Today, 15 insurance companies, including SSS — as well as several Chinese and Kazakhstani insurers — operate in the Kyrgyz market. People familiar with the situation who spoke to The Times of Central Asia say most of the major national companies are already insured with SIO, meaning that only civil insurance lines — like health and life — and auto insurance remain for private insurers.

20 Apr 2024

Central Asia, Uzbekistan, Uzbekistan Local Politics

EU Supports Uzbekistan’s Anti-Corruption Efforts

October 7, 2024
By Times of Central Asia

The European Union, an EU Consortium under the leadership of GIZ (Germany), UNDP Uzbekistan, and the Anti-Corruption Agency of Uzbekistan, have joined forces to bolster Uzbekistan’s anti-corruption efforts.

Funded by the European Union, “Improving Governance in Uzbekistan,” was officially launched on 19 April, and targeting all 14 of Uzbekistan’s regions, will run until 2026.

As reported by the Delegation of the European Union to Uzbekistan, the campaign will be actioned through two closely related projects.

The first, “Inclusive corruption prevention,” will be implemented by the EU Consortium under the leadership of GIZ in partnership with Regional Dialogue and the Central Finance and Contracting Agency of Latvia. The budget of 4,550,000 euros is co-funded by the German government.

The second, “Strengthening the National Anti-Corruption Ecosystem in Uzbekistan,” costing 2,500,000 euros, will be implemented by UNDP.

Operating in tandem, the projects aim to address critical challenges faced by anti-corruption efforts including weak institutionalization and gaps between national and regional levels of their implementation.

Ms. Charlotte Adriaen, EU Ambassador to Uzbekistan, expressed her optimism about the campaign, saying, “This initiative signifies EU’s continued support of the ambitious reform program in Uzbekistan. Supporting efforts in fighting corruption will be essential for ensuring sustainable and equitable development.”

Speaking on behalf of Anti-Corruption Agency, director Mr Burkhanov outlined expansive plans to address the issue including the introduction of the Integrity Assessment initiative and ensuring that corruption reforms reach all regions. In addition, the agency is set to introduce digital technologies and artificial intelligence into the anti-corruption system, enhance cooperation of civil society institutions and increase their effectiveness, and introduce a coordinated system for cooperation with donors supporting anti-corruption.

20 Apr 2024

Kazakhstan, Kazakhstan Business & Economy

German Company to Manufacture Ultralight Aircraft in Kazakhstan

June 28, 2024
By Times of Central Asia

Germany’s Flight Design GmbH, a leading manufacturer of ultralight aircraft with over 25 years of experience, is set to produce ultralight CT series aircraft in Kazakhstan.

The project was announced at the Flight Design and Kazakh Invest press conference at the 30th AERO Friedrichshafen General Aviation Exhibition in Friedrichshafen, Germany, on 19 April.

According to Flight Design CEO Daniel Guenther, the aircraft will be produced with support from the Virage group of companies under a newly created joint venture, Flight Design Kazakhstan.

Aircraft assembled in the free economic zone (FEZ) in Almaty, Kazakhstan, will be sold to both local and foreign markets.

19 Apr 2024

Central Asia, Home, Kazakhstan Justice, International Affairs, Local Politics, Kazakhstan International Affairs, Kazakhstan

Kazakhstan Debates Foreign Media Accreditation

September 25, 2024
By Times of Central Asia

Following their second reading, the Mazhilis (lower chamber of parliament) of the Republic of Kazakhstan has adopted the bills “On Mass Media” and “On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan in the Field of Mass Media,” sending them to the Senate for consideration. The documents are designed to regulate the professional activities of mass media outlets. The new amendments are evoking mixed reactions.

One of the key proposals was the right of the Ministry of Foreign Affairs to deny accreditation to foreign media and their representatives if they pose a threat to national security. This initiative provoked opposition from representatives of the media, who consider such regulations a mechanism for suppressing freedom of speech.

“The draft law proposes a regulation on the introduction of press cards, granting the right to simplified accreditation to individual journalists. Frankly speaking, this norm caused great controversy in the working group and society as a whole. The overwhelming majority of the working group members regarded this rule as one that contradicts democratic principles, discredits journalists, and hinders the comprehensive dissemination of information. Therefore, a specific decision was made on this: the rule on press cards was excluded,” said Mazhilis representative, Zhanarbek Ashimzhanov, answering journalists’ questions.

Other changes proposed in the draft laws include combining online publications and news agencies into the category of “internet publications,” as well as shortening the statute of limitations for journalist legal requests and setting shorter deadlines for responding to media inquiries.

Among other rules, members of the Mazhilis also proposed introducing a ban on the publication of materials about LGBT themes and topics. These changes were critically evaluated by experts, and these regulations were not included in the final document as members of the working group concluded that it contradicts both Kazakhstani and international legislation.

19 Apr 2024

Central Asia, Home, Kyrgyzstan Environment, Life & Culture, Kyrgyzstan, Features, Kyrgyzstan Features

TikTok Users Struggle to Access App after Kyrgyzstan Announces Restrictions

June 27, 2024
By Times of Central Asia

Kyrgyzstan is restricting access to TikTok.

The Ministry of Digital Development sent a letter to internet providers, asking them to block the TikTok social media platform, local media has reported. The ministry cited the network´s failure to comply with a law designed to “prevent harm to the health of children, their physical, intellectual, mental, spiritual and moral development.”

The ministry said it took action after receiving a memorandum from Kyrgyzstan’s State Committee for National Security about TikTok, whose owner is the Chinese firm, ByteDance. Users reported “difficulties and interruptions” in using TikTok, which was still accessible via some providers, the 24.kg news agency reported on Thursday.

Opponents of the restrictions on video-based TikTok say it is part of a clampdown on free speech and other basic rights in Kyrgyzstan. They note that the authorities arrested some journalists in a separate case, and the parliament passed a law tightening control over non-governmental groups that get foreign funding. In the wake of this, the George Soros funded, Open Society Foundations, which claims it has spent more than $115 million on projects in education, public health, criminal justice, supplying water to rural communities and other areas since it opened in 1993, said earlier this week that it was closing down its Kyrgyz branch.

Government officials in Kyrgyzstan started to move against TikTok last year, saying that some social networks were having a negative effect on children.

The U.S. Congress is also fast-tracking legislation that would ban TikTok unless ByteDance sells its stake, with a vote due on Saturday. There are concerns in the U.S. that the app could share user data with the Chinese government; TikTok has said it is owned by a private company and doesn’t share such data.

19 Apr 2024

Business & Economy, Kyrgyzstan, Kazakhstan, Kyrgyzstan Business & Economy, Kazakhstan Business & Economy

Kazakhstan and Kyrgyzstan Enhance Allied Relations

June 28, 2024
By Times of Central Asia

On April 19 Astana hosted the sixth meeting of the Supreme Interstate Council of Kazakhstan and Kyrgyzstan. Chaired by Kazakh President Kassym-Jomart Tokayev and Kyrgyz President Sadyr Japarov, discussions focused on the development of bilateral cooperation in economy, trade, investment, and agriculture, in addition to joint projects regarding transport, water use and energy resources.

The two leaders then signed an Agreement on Deepening and Expanding Allied Relations, aimed at providing a new impetus to the development of Kazakh-Kyrgyz relations.

During the conference, Kyrgyz President Japarov stated, “Kazakhstan is our close neighbour, a fraternal country and one of our main trading partners. Kazakhstan is a priority in our foreign policy. There are no political or regional differences between our countries.”

In support, President Tokayev expressed his wish for there to be no unresolved issues between the two neighbouring countries and drew particular attention to the need to strengthen trade and economic ties.

Kazakhstan is currently one of Kyrgyzstan’s key partners in trade and investment. Last year, mutual trade turnover reached $1.5 billion and during their talks, the leaders confirmed their intention to increase that figure to $2 billion.

The parties also signed an Agreement on Mutual Protection of Investments.

Referencing measures to expand the volume of goods transported across the Kazakh-Kyrgyz border and improvements in customs clearance, Tokayev stated, “We have started modernizing the border checkpoints at Karasu, Besagash, Aukhatty, Sartob, Aisha Bibi, Sypatay Batyr, and Kegen. Each will be equipped with digital technologies, with work expected to be completed by 2028.”

President Japarov, in turn, announced that an agreement had been reached to resume the operation of the Kichi-Kapka and Kamyshanovka checkpoints to help increase bilateral trade and relieve congestion.

Turning to the importance of interaction in the water and energy sector, the Kazakh president said, “In recent years, the urgency of efficient and equitable use of transboundary water resources has increased. We shall continue our coordinated work and have agreed to soon give approval to a schedule for interstate water management structures and implement it in a timely manner. Kazakhstan is ready to fulfil all obligations and jointly implement important projects.”