Page 788 – The Times Of Central Asia

09 Jul 2024

Central Asia, Turkmenistan International Affairs, Turkmenistan, International Affairs, Turkmenistan Business & Economy, Business & Economy

Turkish Vice President: Turkmen Gas Supplies Via Turkey Will Help Ensure Energy Security in Europe

July 9, 2024
By Times of Central Asia

Turkish Vice President Cevdet Yilmaz has said that Turkmen gas supplies through Turkey will contribute to the country’s national welfare and ensure Europe’s energy security. This was said during his speech at the informal summit of member states of the Organization of Turkic States (OTS) in Azerbaijan.

“The transportation of trans-Caspian resources, especially Turkmen natural gas, to Turkey and Europe will contribute to our national welfare and security. We are pleased with establishing an energy mechanism within the framework of the OTG and the publication of contact projects,” Yılmaz said.

According to him, the Organization will further strengthen ties between Turkic states as the world’s economic centers of gravity change and the importance of Turkic geography increases.

“The work that will be done in our countries to develop the Middle Corridor will both strengthen our cooperation and show the global role of the Turkic world,” the Vice President emphasized.

09 Jul 2024

Central Asia, Tajikistan International Affairs, International Affairs, Tajikistan, Tajikistan Business Economy, Business & Economy

World Bank Establishes Permanent Office in Tajikistan

July 9, 2024
By Times of Central Asia

The World Bank has opened a permanent representative office in Tajikistan this month. ASIA-Plus reports that Ozan Sevimli, who had been the bank’s country manager for Tajikistan since 2021, has been appointed the head of the office.

In Tajikistan the World Bank Group works to ensure reliable electricity and water supply, improve roads and transportation infrastructure, improve education and health care systems, increase food security, and create conditions for private sector growth and institutions of good governance and public administration.

As part of his role, Sevimli will manage programs in Tajikistan being run by the International Bank for Reconstruction and Development, International Development Association, International Finance Corporation, and the Multilateral Investment Guarantee Agency in Tajikistan. This will provide a single point of contact for access to the full range of World Bank Group products and services.

Upon his appointment, Sevimli commented: “Tajikistan faces challenges ranging from institutional challenges and constraints in human capital development to the negative impact of climate change on the economy and people’s livelihoods. The combined leadership of the WB Group will enable a more holistic approach to projects.”

09 Jul 2024

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

Turkmen Watermelons Struggle to Compete with Iranian Imports

July 9, 2024
By Times of Central Asia

Chronicles Turkmenistan reports that Iranian watermelons are now cheaper than those produced locally.

Turkmen farmers were encouraged to plant watermelons on leased lands on the assurance that the crops would be irrigated at the state’s expense. However, given the high volume of water required to cultivate the fruit and the need for farmers to irrigate their crops twice per season, only those with the means, could afford to pay for their own pumps.

As stated in the publication’s report, “-That- was not enough to get a good harvest. Also, the cost of production, including irrigation and other costs, was higher than expected.”

The vast stocks watermelons imported from Iran to markets in Meri and Lebap Velayats are significantly cheaper than local produce, selling at 4–5 manats (TMT) ($1.14–1.43) per 6 to 9 kilogram compared to 1.50 TMT ($0.43) per kilogram or an average of 7-8 TMT ($2– 2.29) per Turkmen melon.

As a result, Turkmen farmers struggle to sell their produce and are suffering significant losses.

09 Jul 2024

Central Asia, Uzbekistan, International Affairs, Uzbekistan Business & Economy, Business & Economy, Uzbekistan International Affairs

Uzbekistan Offered Opportunity to Invest in Gas and Oil in Afghanistan

July 9, 2024
By Times of Central Asia

Afghanistan has offered Uzbekistan the opportunity to invest in oil, gas, and copper deposits in the provinces of Ghazni and Herat, and to create mineral processing plants. Nuriddin Azizi, the acting Afghan Minister of Industry and Trade, has proposed a meeting with Bobir Islamov, the Uzbek Minister of Mines and Geology.

“Islamov reacted positively to the idea of an agreement on mutual support for investment between the two countries. He noted that two large copper processing plants are already under construction in Uzbekistan, which need to receive raw materials,” reports state. It was also noted that following the talks, the parties agreed that a delegation from Uzbekistan would visit Afghanistan to conduct research and technical work.

09 Jul 2024

Central Asia, International Affairs, Kazakhstan International Affairs, Kazakhstan

China Supports Kazakhstan’s Bid to Join BRICS

December 25, 2024
By Times of Central Asia

Beijing has officially supported Kazakhstan’s application to join BRICS, a group of emerging economies founded by Brazil, Russia, India and China in 2009, which South Africa joined a year later. In January of this year, Saudi Arabia, Egypt, Ethiopia, Iran, and the UAE were also admitted as full members.

The Anadolu Agency reports that Kazakhstan’s bid to join became known after a meeting between Kassym-Jomart Tokayev and Xi Jinping last week. According to the Chinese leader, “China and Kazakhstan are walking side by side on the road to modernization.” Xi Jinping noted a great synergy between the two countries and said he supports the application.

During the meeting, the president of Kazakhstan also supported China’s initiative to “create a community [for the] common destiny of mankind,” expressing his country’s readiness to “constructively support” issues related to its realization.

09 Jul 2024

Kazakhstan, Kazakhstan Business & Economy

Kazakhstan’s Rail Transportation of Cargo Rises to Over 122 Million Tons

October 8, 2024
By Sergey Kwan

Kazakhstan’s national railway company Kazakhstan Temir Zholy (KTZ) reports that from January-June 2024, it transported more than 122 million tons of cargo.

Transportation within the country increased by 2.1% compared to the same period last year and amounted to 81.5 million tons, and over 41 million tons of cargo were destined for export.

During this period, KTZ transported 47.5 million tons of coal, including 34.8 million tons within the country.

The volume of grain transportation within the country increased by 5%, to 1.1 million tons.

During the first half of the year, rail transportation of ferrous metals increased by 7.2%, to 2.2 million tons; iron ore and manganese by 9.6%, to 10.5 million tons; and non-ferrous ore and sulfur, by 13%, to 12.1 million tons.

Rail transportation for exports of oil increased by 8.3%, to 2.7 million tons; ferrous metals by 6% to 1.6 million tons; chemical fertilizers by 10% to 648 thousand tons: iron ore and manganese by 4% to 5.6 million tons, and 68% for construction cargo by 68% to267 thousand tons.