• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Uzbekistan Set to Maximize Tourism

On 3 June, Uzbekistan President Shavkat Mirziyoyev chaired a government meeting to review plans for the forthcoming year to attract 11 million foreign tourists and increase revenue from tourism to $2.5 billion.

It was stated that every dollar currently invested in tourism generates 3-4 dollars for the industry’s future and each new job created in the tourism sector spawns two jobs in related industries.

Officials reported that to encourage growth, procedures for running tourism businesses have been simplified and specialized policing created to ensure the safety of tourists.

Given the year-on-year increase in extreme tourism, Uzbekistan is developing a program to meet demand for access to its wilder regions.

To expand tourism around the country’s natural lakes, a decision was made to auction land for the construction of water parks and other attractions around these scenic shores.

Triggered by the pandemic, the demand for medical and recreational tourism has soared and last year alone, over 60 thousand foreign visitors were treated in Uzbekistan’s sanatoriums and medical institutions. In response and based on practices in South Korea, Turkey, and India, the government has launched a “Medical Hospitality” initiative.

From now on, costs incurred by private clinics for international certification and participation in overseas exhibitions to promote their services, will be covered by the state. In addition, VAT will be refunded on payments made by foreign patients attending Uzbekistan’s clinics.

To maximize its potential, the president recommended the launch of a global advertising campaign to demonstrate to the full, the diversity of Uzbekistan’s tourist industry.

 

Turkmenistan Restricts Women From Obtaining Driving Licenses

It is becoming more and more difficult for women to drive in Turkmenistan, with requirements for obtaining a driver’s license often oppressively strict.

Turkmenistan has restricted women’s rights for many years, including their freedom to drive a car. In 2017 Turkmen police began revoking women’s driving licenses and refusing to issue them with new ones. From the beginning of 2023 women had to be over the age of 41 to learn to drive, and even then driving schools would only accept them if they provided marriage certificates and character references.

It is reported that in the country’s Mary region it is now almost impossible for women to drive a car. Women who already have a license can only renew it when it expires if they have a vehicle registered in their name.

“Often, the cars driven by women are not registered in their name, and they use vehicles registered in the name of their brothers or husbands by power of attorney. Now they have to transfer the cars to their name or buy a new car to get a driver’s license; otherwise, they will not be issued a new document,” Radio Azatlyk wrote. According to local sources, police officers are refusing to issue licenses to women under the age of 35.

One resident added: “You also need a medical certificate from a psychiatric dispensary to renew your license. They are obtained in local medical institutions. The cost of renewing a driver’s license will cost 200 to 400 manats ($57-$114).

Mary residents said using a bribe is the easiest way to solve the problem. “Men can get a driver’s license by paying a bribe of 4,000 manat ($1141), while a woman will have to pay 6,000 to 7,000 manat ($1712 to $1997),” the resident said.

Turkmen officials deny any discrimination against women, and maintain that gender equality is fully respected in the country.

Uzbekistan and Turkey Enhance Strategic Partnership

On June 3, Ankara hosted a symposium on “Uzbek-Turkish Strategic Relations – Comprehensive Perspectives for the Future”.

Aimed to forge conceptual strategies to enhance the partnership between Uzbekistan and Turkey, the event was attended by First Deputy Minister of Investment, Industry and Trade of Uzbekistan Nozimjon Kholmuradov and officials from the Administration of the President of Turkey, heads of various ministries and agencies, as well as prominent political scientists and experts from both nations.

Presentations highlighted the impressive momentum in trade, economic, and investment cooperation between Uzbekistan and Turkey.  Over the last five years, bilateral trade has surged 1.3-fold, the number of enterprises funded with Turkish capital in Uzbekistan has tripled to 1,898, and the inflow of foreign direct investment (FDI) from Turkey has increased ten-fold.

In 2023, 260 new Uzbek-Turkish ventures were established, elevating Turkey to third place in the number of joint ventures in Uzbekistan. The frequency of regular flights connecting the two countries has also grown 2.5-fold to 90 flights per week.

Initiatives by Uzbekistan to further refine its investment climate include a steady six percent annual economic growth, a nine percent reduction in inflation, the drafting of an updated “Law on Investments” in alignment with WTO standards and the deployment of an efficient management system for special economic zones (SEZs). In addition, plans are in place to trim tax rates and the number of taxes, launch an ambitious new privatization program and IPO for shares of major companies, and establish a Tashkent International Arbitration Center.

 

Water Levels of Kazakhstan’s Reservoirs Continue to Rise

On June 3, the Ministry of Water Resources and Irrigation announced that to date, the country’s reservoirs have collected 75 billion cubic meters of water, 15 billion cubic meters more than last year. Over 12 billion cubic meters of the accumulated water is flood water.

The statement updates statistics cited in an earlier report by Times CA

In total, Kazakhstan’s reservoirs can hold 89 billion cubic meters of water.

Last year the country’s agricultural sector used 14 billion cubic meters of water, and 24.4 billion cubic meters of water were used by other sectors across the country.

Welcoming the news, representative of the ministry Moldir Abdualieva said, “The collection of flood water continues. Since the beginning of the flood situation, 3.3 billion cubic meters of water have been sent to Lake Balkhash, and about 6 billion cubic meters of water have been directed to the Caspian Sea”

 

 

Chinese to Build Industrial Park and Bonded Warehouses in Kyrgyzstan

A memorandum of cooperation has been signed between the Ministry of Economy and Commerce of the Kyrgyz Republic and the Xinjiang Xing Long Corporation on the establishment of an industrial park in Kyrgyzstan and construction of bonded warehouses in the territories of both countries.

The agreement was made during a visit by the Chinese company to Bishkek where delegates met with Deputy Minister of Economy and Commerce Nazarbek Malaev.

The Chinese company has constructed innovative industrial parks in the city of Urumqi, Xinjiang, and owns the Xing Long Industrial Park in Urumqi spanning over 300,000 square meters and home to over 200 large and medium-sized companies.

Deputy Minister Malaev welcomed the corporation’s plan to build an industrial park on the territory of Kyrgyzstan and pledged support for its to implementation. He also  expressed interest in pursuing joint industrial ventures in Kyrgyzstan.

 

International Association of Crypto-Economy and AI Created in Kyrgyzstan

The International Association of Crypto-Economy and Artificial Intelligence was established in Kyrgyzstan with the assistance of the Russian Association of Crypto-Economy, Artificial Intelligence and Blockchain (RAKIB), TASS reports. RAKIB was created to unite participants in the blockchain technology market and investors in blockchain-based projects in cryptocurrencies. The association aims to promote the spread and deep integration of blockchain technologies into the economy and legalize the use of electronic currencies based on this technology.

Alexander Brazhnikov, executive director of RAKIB, said on the margins of the Kazan Crypto-forum that the main tasks of the international association established in Kyrgyzstan will be to ensure security in the digital world, cross-border payments, and the creation of new projects. Brazhnikov will become the chairman of this association, which was officially registered a week ago and will have its headquarters in Bishkek.

“We want to make people engaged in this business cooperate,” Brazhnikov said, noting that associations from different countries and individual legal entities can join the organization.

According to him, some countries in Africa and the Middle East have shown great interest, and more than 15 countries may join the association by the end of 2024.