• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00207 0%
  • TJS/USD = 0.10465 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00207 0%
  • TJS/USD = 0.10465 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00207 0%
  • TJS/USD = 0.10465 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00207 0%
  • TJS/USD = 0.10465 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00207 0%
  • TJS/USD = 0.10465 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00207 0%
  • TJS/USD = 0.10465 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00207 0%
  • TJS/USD = 0.10465 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00207 0%
  • TJS/USD = 0.10465 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%

Viewing results 1 - 6 of 1240

Saudi and Emirati Companies to Build Two Wind Farms in Uzbekistan

Saudi and Emirati companies are to invest $7 billion in the construction of two windfarms in the Kungrad district of Uzbekistan's autonomous Karakalpakstan republic. The announcement followed the signing of two contracts  during the third Tashkent Investment Forum. The commission of the facilities will save almost 7 billion cubic meters of natural gas and prevent the emission of more than 2 billion tons of harmful gases into the atmosphere. Welcoming the initiative, the Uzbek Energy Ministry said, "Saudi company ACWA Power is implementing a megaproject to build a wind farm with a total capacity of 5 gigawatts in the Kungrad district of Karakalpakstan. The project is estimated at $6.2 billion. The station will generate 17.5 billion kilowatt-hours of electricity per year. A wind power plant with a total capacity of 1 gigawatt and a cost of $1.1 billion will be built in the same area by Amea Power from the UAE. It will generate 3.5 billion kilowatt-hours of electricity a year," . During the third Tashkent International Investment Forum, agreements signed by several government and private-sector counterparties, totalled $26.6 billion .

Turkmenistan’s Public Sector Employees Pay Up to Care for Mulberry Silkworms, Cotton Fields

To cover the costs of silkworm care and the weeding of cotton, money is being collected from employees of state institutions in the Mary region, according to a report by Radio Azatlyk. According to a verbal order issued by the authorities, 100 manat is being collected from each government employee for the cost of silkworm care - and 30 manat for weeding. Many workers at state institutions are dissatisfied with yet another example of extortion, but say they have no choice but to comply. According to an employee of one local state organizations, if any employee refuses to hand over the money, a report will be written on him or her. Employees who don't agree with the collection of money are accused of opposing public policy, which can lead to their dismissal under various false pretexts. "It is already very difficult to find a job now. Therefore, the majority of public sector workers are forced to agree to submit to the authorities' next levies. If you write a report on one worker, the rest of them immediately agree to any demands," the anonymous government worker said. According to a presidential decree signed in February, Turkmenistan plans to produce 2,100 tons of silkworm cocoons this year. Meanwhile, cotton sowing projects also continue.

First Kazakh Kindergarten Has Opened in California’s Silicon Valley

The first Kazakh kindergarten in the U.S. has opened in the state of California, and its a project developed and operated by natives of Kazakhstan. The main purpose of the educational center is to work for the preservation of national culture abroad, reports the news site 24.KZ. The idea to create a kindergarten replete with Kazakh-language instruction education came to Zhanna Atabekova. According to her, through the new school, citizens of Kazakhstan who live and work in Silicon Valley can now instill national values in their children. "We want our child to receive the same upbringing as if he or she was raised by grandparents. This kindergarten is important to preserve our language," parents stated. Earlier, President Kassym-Jomart Tokayev spoke out on the issue of a national language policy, expressing confidence that Kazakh would become the main language of inter-ethnic communication. At the end of last year, Kazakhstan's Ministry of Labor and Social Protection reported on its efforts to open education and training centers to help prepare Kazakhs for work abroad. According to official data, more than 194,000 citizens currently work abroad: 162,700 in Russia, 13,100 in Poland, 6,000 in South Korea, and 5,000 in Britain.

Kyrgyzstan, Uzbekistan to Unite Their National Card Payment Systems

Kyrgyzstan's national payment system, Elkart, and Uzbekistan's Humo payments platform intend to launch a project on mutually acquiring, or guaranteeing payment security and authorizations according to Kyrgyzstan's Interbank Processing Center (IPC). The agreement was reached at a meeting in Tashkent. "We are going to develop payment systems and create an ecosystem in our countries. This project will open new horizons for the development of not only financial infrastructures of Kyrgyzstan and Uzbekistan, but will also give impetus to the development of many spheres of activity of the two states," said Kanykei Zhamangulova, Chair of the Board of the Kyrgyz IPC. Payment organizations of the two countries have been negotiating a mutual acquiring framework since last summer. At the last meeting in Bishkek, the parties agreed on money transfers and internet payments. "An agreement was reached to start a joint project for step-by-step realization of the set goals and mutual exchange of experience in acquiring, issuing and combating fraudulent transactions," Shukhratbek Kurbanov, director of the Humo payment system, said at the time. Citizens of Uzbekistan and Kyrgyzstan will be able to pay with their cards in the other of the two countries without additional commissions, he said. However, the exact launch date of mutual acquiring services wasn't announced. The cross-border payments plan is advancing as relations between Bishkek and Tashkent were further warmed by the demarcation of the two states' international border. This key step put an end to decades of border disputes that had persisted since the end of the Soviet period.

Uzbekistan’s Schoolchildren to Sit International PISA Tests

In 2025, Uzbekistan, with the support of the World Bank, will participate  in the Programme for International Student Assessment (PISA) administered by the Organization for Economic Cooperation and Development (OECD), with pilot testing starting this May. PISA testing assesses the ability of students from more than 80 countries in their knowledge and skills in reading, math and science. When allocating funding for PISA testing in 2019, World Bank experts noted the acute shortage of teachers and their low qualifications and in addition,  the absence of means to assess  both the quality of preschool education and a comfortable environment for learning. "Investing in children's early education is one of the most effective ways to develop human capital, which in turn will stimulate economic growth in the country," Hideki Mori, the head of the World Bank's representative office in Uzbekistan, said at the time. Last year's test results placed Uzbek schoolchildren in the bottom ten  of the 80 participant countries. The cause indicated significant problems within the domestic education system and subsequent data revealed a direct correlation between test results and  families' socioeconomic status. To address the issue,  officials plan to allocate more than $3.7 billion for schools and school education curricula this year.

EBRD Launches New Training Program for Female Entrepreneurs in Kazakhstan

The European Bank for Reconstruction and Development's (EBRD) Women in Microbusiness training program is being launched in Kazakhstan to support women entrepreneurs facing social or economic obstacles in their business activities. Statistics show that whilst  women manage 49 percent of all micro and small-sized businesses  in Kazakhstan, their representation in medium and large business sectors is only 36 percent and 19 percent, respectively. Reporting on the initiative, Alma Kasymova, head of the EBRD's SME (small- and medium-sized enterprises) Program in Kazakhstan, stated, "Our main goal and mission is to empower women entrepreneurs to grow and develop their micro-enterprises through affordable and quality training. We are confident that this program will help participants to expand their competencies and open new perspectives in larger business segments." The training, conducted online in Kazakh and Russian, will run for five months and comprise six business modules in marketing, sales, finance, human resources, operational management, strategic planning, as well as automation and the use of artificial intelligence (AI). Participants will be able to enrol at any time convenient for them.  . Welcoming its launch, an EBRD spokesperson announced, "This is the third implementation of the program -realized in collaboration with the training and consulting company Dialog . Previous projects allowed almost 1,500 women entrepreneurs to strengthen their skills and improve their businesses. "