• KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
11 October 2026

Viewing results 1 - 6 of 2

Kyrgyzstan’s NISI Director on Reform, Red Tape and a Bigger Global Role

On September 15, 2026, The Times of Central Asia spoke with Shumkarbek Adilbek uulu, director of the National Institute for Strategic Initiatives (NISI) under the President of the Kyrgyz Republic. Established in its current form in 2024 through the merger of two institutes, NISI provides strategic advice to the country's leadership and develops proposals to reduce bureaucracy. Adilbek uulu discusses Kyrgyzstan's priorities for its 2027–2028 UN Security Council term and its approach to climate diplomacy. He also outlines NISI's work on economic reform and digital public services, including efforts to help smaller businesses grow. Some views expressed in this interview reflect Adilbek uulu's personal opinions rather than the official position of NISI or the Kyrgyz government, as he notes in his answers. The English text has been lightly edited for readability.   TCA: What have been your main priorities since becoming director, and how did you come to join NISI? Adilbek uulu: We're focused on practical ways to drive sustainable economic growth at home: a smaller, simpler government, more room for business, and productive relations abroad that feed into our domestic agenda. By protecting our national interests, our diplomats support the domestic goal of building up the Kyrgyz Republic, nation-building if you will, without getting caught up in other countries' ambitions. I joined NISI in 2025 to help break through decades of bureaucratic gridlock, a real drag on economic development. Minister Ayaz Baetov brought me in. At the time, he was the Minister of Justice, Deputy Chairman of the Cabinet of Ministers, and NISI's director, all at once. He told me NISI's job was to give the Presidential Administration strategic advice that's pragmatic and rooted in Kyrgyz insight. I agreed and have been working at it since. That's our core job. Interestingly, Minister Baetov was just named Kyrgyzstan's Permanent Representative to the UN in New York. The significance of the contribution Mr. Baetov has made to the effort to reduce bureaucracy remains to be fully assessed. I am confident it will be rated highly, as we will feel the positive impact of many of his ideas and decisions in the future. TCA: Kyrgyzstan was recently elected a non-permanent member of the UN Security Council for 2027–2028. Will NISI be more focused on foreign policy now? Adilbek uulu: With Kyrgyzstan on the Security Council, the government will be pulled into issues outside our usual remit, so NISI will be in even closer contact with the Ministry of Foreign Affairs. To be clear, I don't speak for the Foreign Ministry. I help shape strategy for our diplomats, businesspeople, and policymakers, and I track what's happening overseas and in our neighborhood. UNSC issues will be high on our agenda, and we'll support the MFA on long-term thinking. As one example, I just got back from the China Economic and Social Forum in Hangzhou, China. The forum focused on the environment and natural resources. I'll be putting together a memo for the Office of the President with our observations. TCA: How does climate vulnerability...

Uzbekistan Privatization: Unsold State Assets Relisted With $85 Opening Bids

Uzbekistan has begun putting previously unsold state assets back on the market, with opening bids starting at 1 million Uzbek soums, or about $85. The first lots include stakes in small companies, a district laboratory, vacant buildings, and a former mineral fertilizer warehouse. That figure is the opening bid in an electronic auction, not a valuation of the property. The final price will be determined by bidding. The new rules took effect on September 8 and cover 84 previously unsold assets. They are part of a new privatization package approved by President Shavkat Mirziyoyev on August 28. The government also plans to offer stakes in another 84 companies, 1,242 real estate properties, and about 8,000 hectares of land. The package also calls for 85 enterprises to be liquidated or reorganized. Among the first offerings is a 100% stake in Bukhsu Scientific Biotechnology, a limited liability company registered in Bukhara. Despite its name, the state registry lists its activity as auxiliary services in the field of education. Another lot is a 100% stake in Yangiyo‘l tuman laboratoriya, a district laboratory in Yangiyul District, Tashkent Region. The state had already tried to sell it, offering the stake for about $820 in May 2026, but no buyer emerged. Also for sale are a 100% stake in Iqtisod-Moliya and a 30% stake in Ferula Shifobaxsh. The latter is associated with agriculture and is currently listed in the state registry as inactive. The real estate lots include retail premises, vacant buildings, and a former warehouse used to store and distribute mineral fertilizers. In Samarkand Region, authorities separately announced the renewed sale of five properties in the Narpay, Kattakurgan, Pakhtachi, and Urgut districts. All of the assets have been offered for sale before without success. Uzbekistan has been selling state-owned companies, banks, real estate, and land for years. Large transactions attract international capital. Alongside them, however, is a less visible part of the state economy: small businesses and properties with no obvious buyer. The problem predates the latest decree. As of April 1, 2025, more than 3,600 state assets remained on sale with a combined starting value of about $1.4 billion. Prices had been reduced for 440 assets after they remained unsold for more than three months. In 153 cases, prices had been cut by 70–90%. In 2024, Mirziyoyev criticized slow sales and inflated valuations of some state property. A new privatization program at the time included stakes in hundreds of enterprises and more than 1,000 real estate properties. The latest decree accelerates the process. After three months without a buyer, the price of an asset can be reduced in stages. Some properties can also be sold through a hybrid auction, in which the price falls until a bidder emerges and then rises as participants compete. Payment terms are also changing. Buyers need to make an initial payment of only 15%, with the remainder payable in interest-free installments. If 35% is paid within the first three months, the balance can be spread over up to five...