Economy - The Times Of Central Asia

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Kyrgyzstan’s New 5,000 Som Banknotes Enter Circulation

A new banknote worth 5,000 som (U$56.60) has been put into circulation in Kyrgyzstan starting today, the National Bank of the Kyrgyz Republic has announced. The 5,000 som banknote is part of the new fifth series of the national currency, produced from a 2023 sample, and went into circulation on May 10, 2024. The new banknote contains a portrait of the renowned Kyrgyz actor and artist, Suymenkul Chokmorov on the front side, and a depiction of the famed movie theater, Ala-Too, on the obeverse. The main color and size of the banknote has remained unchanged. "The banknote of 5,000 som nominal value contains a three-level complex of modern security elements, providing reliable protection against counterfeiting. All banknotes of the national currency have the status of official means of payment in the Kyrgyz Republic and are subject to mandatory acceptance as a means of payment regardless of the year of issue," the national bank's press service stated. The first series of banknotes of Kyrgyzstan's national currency were introduced on May 10, 1993. The exchange rate then was set at 200 Soviet rubles to one Kyrgyz som.

Kazakhstan Agriculture Economy Uzbekistan Legislation Social Water Disputes

Favorable Water Volumes Forecast for Uzbekistan’s Amu Darya and Syr Darya Rivers

According to the news agency UzA, Uzbekistan's Minister of Water Management Shavkat Hamroyev told a parliamentary hearing that watersheds from the Amu Darya and Syr Darya rivers are forecast as favorable this year. The announcement was made in response to Muqaddas Tirkasheva, a member of the lower house of parliament, who inquired, "water limits are agreed with Central Asian countries every year. Today, when we meet with voters, they often refer to the water shortage. There are concerns about whether the construction of the Qosh Tepa canal will affect the water of Amu Darya. How does this year's forecast volume of water in the Amu Darya, Syr Darya, Zarafshan rivers compare to previous years? What measures are being taken to ensure guaranteed water supply to economic sectors?” Minister Hamroyev continued, "there are agreements among five countries regarding water allocations. Our recent meeting in Shymkent addressed reservoir water levels. Due to this year's precipitation, it's anticipated that water levels in the Amu Darya and Syr Darya rivers will match last year's levels. Projections suggest 85–90% water in the Syr Darya and 90–95% in the Amu Darya compared to historical averages. Our reservoirs currently hold 1.5 billion cubic meters more water than last year."

EU Cooperation Strategy Economy European Union

Uzbekistan and the EU Celebrate 30 Years of Mutually Beneficial Cooperation

A festival to celebrate the 30th anniversary of cooperation between Uzbekistan and the European Union (EU) will be held on 18 May at Tashkent's Botanical Garden. Welcoming the event, EU Ambassador to Uzbekistan Charlotte Adrian, stated, "The partnership between the European Union and Uzbekistan remains strong, from the signing of the Enhanced Partnership and Cooperation Agreement (EPCA) to the strengthening of GSP+ [Generalized Scheme of Preference Plus] trade relations and joint commitments to improve human rights." The festival will feature an exhibition of EU-funded projects including an interactive platform for young people, students and other visitors. The 'Climate Change and Resilience in Central Asia' project will be highlighted through an interactive game, quizzes and question-and-answer sessions, whilst 'Made in Uzbekistan' will showcase goods from EU-AGRIN (Uzbek Agriculture Knowledge and Innovation System) in tasting sessions of local produce. Celebrations will close with a grand gala concert dedicated to the 30th anniversary of the partnership. Interaction with the EU , one of the main priorities of Uzbekistan's foreign policy, is evidenced by the country's accession in 2021 to the GSP+ system of preferences, which enables 6,200 categories of goods to be exported to Europe duty-free. In this regard, General Director of BMB Trade Group Mirgulom Usmanov noted that agri-food companies in Uzbekistan are now growing and processing varieties of fruit and vegetables to meet the demands of the European market. In the first 10 months of 2023 alone, the volume of mutual trade between Uzbekistan and the EU grew by 36 percent year-on-year to $4.8 billion. An important step towards revitalizing the partnership was taken in the adoption of a resolution that calls for a review of the EU's strategy towards Central Asian countries and as stressed by the report, "The EU is extremely interested in deploying efficient trade and energy corridors between Europe and Asia, bypassing Russia."

Trade Routes Regional Cooperation Taliban Economy Export/import Afghanistan Security Investments

Why Kazakhstan’s Deepening Ties With Afghanistan Are Significant

At the end of April a Kazakh delegation made an official visit to Kabul, where a meeting of the Kazakh-Afghan Business Forum and an exhibition of Kazakh products were held. This was the third bilateral event aimed at expanding trade and economic ties between Kazakhstan and Afghanistan. The visit to Kabul indicates Astana’s intention to enhance Kazakhstan’s relations with the new Afghan authorities, and not only through trade. This is evidenced by a number of details that differed from previous official contact. First, an unannounced trilateral government meeting took place between Afghanistan, Kazakhstan and Turkmenistan in Kabul. The result was the announcement that a new logistics route to Afghanistan through Turkmenistan and Kazakhstan would be developed. There is nothing earthshaking about this – Turkmenistan is set to become a transportation hub for international corridors passing through Kazakhstan, primarily the North-South and the Middle corridors, as well as the Lapis Lazuli Corridor (Turkey-Azerbaijan-Turkmenistan-Afghanistan). What is significant is that the sides are striving to create favorable conditions for logistics, especially more competitive transport tariffs so trains can pass through faster. This is particularly important given congestion in Uzbekistan, where bottlenecks occur. The announcement in Kabul also means a direct route to economically attractive western Afghanistan and further south. What else made the Kabul visit notable was the meeting between Kazakh deputy prime minister Serik Zhumangarin, who oversees trade, and Abdul Kabir, the Taliban’s deputy prime minister for political affairs. Given the reputation of the Taliban, it is not in the interests of Astana to simply stage a conversation for the cameras. Unfortunately, details about the Zhumangarin-Kabir meeting are few. According to the available information, the deputy prime ministers discussed security issues in Afghanistan, apparently in the context of how to grow the Afghan economy. Following the meeting, Kabir stated that Afghanistan does not want to be a threat to the region, and intends to improve relations with its neighbors through the progressive development of trade and economic relations. The Zhumangarin-Kabir meeting is said to have taken place on the initiative of the Afghan side. Considering Kabir’s closeness to the emir of the Taliban, it is likely that the initiative came from him. Other notable outcomes of the visit of the Kazakh delegation to Kabul included: discussion of joint projects for geological exploration, mining and processing of solid minerals in Afghanistan, as well as in the IT sector; discussion of the possibilities for supplying Kazakh-made cars and subsequent localization of service centers in Afghanistan; a rise in the quota for Afghan students at Kazakh universities from 30 to 60, as well as a 10-day trip to children’s camps in Kazakhstan for 30 Afghan children in the summer of 2024; and discussion of the possibility of establishing direct flights between the two countries. Aidar Borangaziev is a Kazakhstani diplomat. He has worked in the diplomatic service in Iran and Afghanistan. He is a founder of the Open World Center for Analysis and Forecasting Foundation (Astana). He is an expert in regional security.

Social beekeeping UNDP Economy Agriculture Export/import

New UN Program to Help Kyrgyz Apiaries Develop Export of Honey

The United Nations Development Program (UNDP) in Kyrgyzstan, in cooperation with the Training and Advisory Services Center (TES-Center) Foundation, is launching an initiative to strengthen the value chain of natural honey for export, according to a report on the official UNDP website. The project will be funded by the Government of Finland and implemented in the Osh, Naryn, and Issyk-Kul regions. The authors of the initiative believe that Kyrgyzstan has significant potential for the production and export of honey. However, this requires a coordinated effort. "We support beekeepers in increasing their productivity and competitiveness of their natural honey, taking into account the introduction of innovative and resource-efficient green technologies, which will stimulate [sustainable] exports and the creation of new green jobs. The program is also aimed at integrating small farmers into the process of value addition," said Aisuluu Mambetkazieva, the UNDP Trade Facilitation Project Coordinator. The project will support beekeepers and their apiaries, exporters, service operators, and the local authorities. Special attention will be paid to the inclusion of women and people with disabilities, as well as environmental sustainability in the sector. The project is expected to generate at least 120 jobs, including those for women, in rural areas. The project will also provide capacity building for honey processing and export enterprises. Participants will be trained in the use of online marketplaces and e-commerce platforms.

Social Education Culture Tajikistan Central Asia Economy

Time Spent by Tajikistan Citizens Sleeping, Eating and Working

The results of a study on time-budgeting by citizens of Tajikistan, conducted with support from the World Bank, was recently published by the Statistical Agency under the President of Tajikistan,. According to data, the first of its type to be recorded in Tajikistan, the country's residents sleep for an average of 8 hours, read for 8 minutes, and work for only an hour each day. During the study, from 15 September to 15 December 2023, officials interviewed 13,150 people over the age of 10 years old. Sixty percent were women and 40 percent, men. The results were presented by gender, age, area of residence (urban/rural), level of education, and employment status. As such, the data provides a broad source of information for analysis in areas including general labour productivity, women's labour and their contribution to the economy, the construction of the system of national accounts, and the organization and conduct of leisure activities as an indicator of well-being. Results showed that on any given day, Tajikistan's population aged 10 and over, spends 12 hours and 53 minutes on personal care, or 53.7 percent of their day. Of this, 8 hours and 26 minutes are spent sleeping, 2 hours and 43 minutes eating, and 1 hour and 43 minutes on personal hygiene and grooming. The second highest daily time-consuming activity, averaging 4 hours and 4 minutes, is housekeeping. Perhaps not surprisingly, women spend 5 hours and 16 minutes a day on housekeeping, and men, just 2 hours and 35 minutes. One hour 37 minutes or 6.8% of the day is occupied on media consumption. Every day, citizens watch TV for around 1 hour 22 minutes but only 8 minutes reading books. The third most popular daily activity involved communication and leisure, at 1 hour 20 minutes. Work took fifth place, with an average of 1 hour 17 minutes per day. Education took up 48 minutes a day, while daily engagement in sports and active leisure pursuits remains lower still at 12 minutes a day.