• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%

Funds from Kazakhstan’s National Fund to be Invested in New Format

The National Bank of Kazakhstan has revealed its strategy for investing the National Fund’s money in alternative instruments, emphasizing the gradual increase in money committed to that tranche of investments to $2.5 billion by 2025. This portfolio, launched in 2023, represents 3% of the total allocation of the savings portfolio and will be a key element of asset diversification.

National Bank officials note that this decision came as part of a drive to balance the National Fund’s assets and improve returns. This, in turn, contributes to additional diversification and mitigation of risks.

The National Fund Management Concept to 2030, developed by the country’s main bank and approved by president Kassym-Jomart Tokayev, defines strategic principles and approaches aimed at maximizing returns. It includes the use of defensive strategies, factor investing, and also pays attention to ESG (Environmental, Social & Governance) principles.

The structure of the National Fund consists of a stabilization portfolio and a savings portfolio. While the former is invested in short-term government securities issued in developed economies, the latter is more diversified and includes a wide range of assets, including alternative instruments and a gold portfolio.

The National Fund’s assets currently stand at $60.7 billion, despite the withdrawal of 35.5 trillion tenge (~$77 million) over the past ten years, mostly during the pandemic.

Uzbekistan Sends Humanitarian Aid to Kazakhs Affected by Floods

The people of Uzbekistan plan to send humanitarian aid to the people of Kazakhstan affected by the spring floods, according to a report by news outlet 24.KZ.

The initiative was proposed by a group including a local blogger, activists and Kazakhs living in Uzbekistan. Residents of Upper Chirchik, Tashkent region, sent hundreds of liters of vegetable oil and bedding. There are also people bringing inflatable boats, rubber boots and personal hygiene items to the collection center.

Uzbeks also organized fundraising, with the amount of funds raised reaching 60 million sum (~$4,700).

According to 24.KZ, the volunteers planned to send humanitarian aid to Kazakhstan on April 19 to a village affected by the flood in the Kostanay region.

Humanitarian aid has been sent to the people affected by the floods in Kazakhstan. Fifteen large trucks will deliver food, clothes, blankets, blankets, pillows, hygiene products, special equipment tents, rubber boat kits and other essential items.

Kyrgyzstan Completes Resettlement of Residents From Exclave in Uzbekistan

The Kyrgyz government has completed the resettlement of residents of the Barak exclave, a portion of a country separated from the Kyrgyz mainland that is completely encompassed by Uzbekistan. That’s according to a report by the TV channel ELTR.

All houses and social infrastructure in Barak were dismantled and moved to Kyrgyzstan. Ninety-eight families were temporarily placed in different areas of Osh region, with some of them staying with relatives, and others placed in rented houses.

According to the report, the government of Uzbekistan allocated 208 hectares of land to Kyrgyzstan in exchange for Barak. The Kyrgyz government plans to build housing in this area and settle the relocated families.

Barak is a rural settlement with a total area of about 4 square kilometers, where 1,250 people lived. It was the largest exclave of Kyrgyzstan, surrounded on all sides by the Uzbek region of Andijan’s Korgontepa district. Barak is located 1.5 kilometers from the border with the Kyrgyz mainland.

In 2018 Kyrgyzstan and Uzbekistan agreed on an exchange of land plots whereby Kyrgyzstan would receive the territory of Barak, and in return swap an equivalent plot of land adjacent to the village of Aktash in the Karasuv district. However, the exchange did not take place. In November 2022 Kyrgyzstan announced that it had reached a final agreement on the exchange of territories with Uzbekistan, giving the green light to the current resettlement plan.

Turkmenistan’s Government Employees Should Know President’s Biography in Order to Pass Certification

According to a report by the Chronicles of Turkmenistan, the main questions asked to employees of state bodies in Turkmenistan during the attestation period are related to the president and his relatives.

This year, employees of the Transport and Communications Agency, the Health and Medical Industry, the Ministry of Labor and Social Protection of the Population, the Ministry of Public Education, and the Turkmen Oil Concern were certified in Ashgabat.

Reportedly, employees of these institutions were warned about the need to pass the certification, and people were prepared for questions about their profession and job responsibilities, with those who had bought a diploma and didn’t have a deep understanding of their specialty especially worried.

However, the examiners were not interested in the civil servants’ professional knowledge, but in the biography of President Serdar Berdymukhamedov. People were asked where he was born and educated, what positions he held, his family members and the books he has purportedly written.

Not all civil servants passed the certification. Managers have threatened to demote or cut their salaries of those who failed, whilst encouraging their employees to apply for recertification, the report stated.

Tennis World No. 4 Rybakina Wins Third Tournament of Year in Stuttgart

Kazakhstan’s Elena Rybakina is leading in 2024 tennis titles – three so far – after a comfortable victory over Marta Kostyuk in the Stuttgart final on Sunday.

Rybakina, who has also won titles in Brisbane and Abu Dhabi this year, has now won a tour-leading 26 matches this season. That’s one more than world No. 1, Iga Swiatek of Poland.

Kazakh President Kassym-Jomart Tokayev congratulated Rybakina on his Instagram page. “The first racket of Kazakhstan has won three titles this season. This is a great success,” Tokayev said. “I wish our Elena new sporting achievements.”

Rybakina, 24, was born in Moscow and secured citizenship in Kazakhstan in 2017 after the tennis federation there offered generous support for her career. Rybakina won Wimbledon in 2022 and was runner-up at the Australian Open last year.

Ranked No. 4 in the world, Rybakina was in command throughout her 6-2, 6-2 win over No. 27, Kostyuk of Ukraine.

“I always believe in myself, of course, but it not only depends on me,” Rybakina said. “There are a lot of great players, tough opponents. But I know if I feel fresh, if I’m physically ready, healthy, I’m playing my game, of course I have all the chances to win a Grand Slam on any surface.”

Kyrgyzstan’s Special Services Take On The Drug Mafia

The head of Kyrgyzstan’s National Security Service, Kamchybek Tashiyev, has commented that unless it is curbed, the country’s already highly complex drug situation is likely to be beyond control within ten years.

Speaking at a meeting with heads of Kyrgyzstan’s police departments, Tashiyev said that the number of both drug distributers and drug users has soared recently, largely among people under 25, and growing drug abuse threatens to reduce the contribution that young Kyrgyz can make to the country.

In a move to combat the problem, when evaluating the work of law enforcement agencies, their success in stopping drug trafficking will be factored in. Tashiyev admitted that 12 law enforcement officers have been found to have links to the drug mafia in the past year alone.

According to operational data, drug traffickers have flourished in the online space, using modern technology — even payment goes through electronic wallets.

Tashiyev added: “Drugs which used to be [farmed] have now been replaced by synthetic drugs, and the number of laboratories manufacturing these drugs has increased. Substances are sourced from abroad and the drugs are then manufactured in our country.”

“If the drug situation in the country remains at the same level as it is now, our society will face a big problem in ten years at most. Therefore, all law enforcement agencies must begin a ruthless fight against those who distribute drugs. All measures within the law will be applied to such persons,” Tashiyev emphasized. He demanded special control over schools, universities, nightclubs and cafes.

Kyrgyzstan is considered a transit country for illegal drugs because of its close proximity to Afghanistan. The estimated number of people who use substances on a regular basis has reached 50,000.