• KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 57

Kazakhstan Urges Bulgaria to Utilize Potential of Trans-Caspian Transport Route

Bulgaria, like Kazakhstan, plays an important transit role in the growing trade between the EU, Central Asia, and China. In his speech at the forum “Transport Connection between Kazakhstan and Bulgaria, on July 10 in Sofia organized by the Embassy of Kazakhstan to Bulgaria, Ambassador of Kazakhstan to Bulgaria Viktor Temirbayev emphasized the need for both countries to intensify cooperation in transport and transit by focusing on the development of the Trans-Caspian International Transport Route (TITR). Addressing representatives of Bulgarian transport companies, Ambassador Temirbayev highlighted the fact that Kazakhstan’s location in the center of the Eurasian continent creates favorable conditions for using its transport network for transcontinental routes connecting East and West, as well as North and South. Forum participants were briefed on ongoing efforts by Kazakhstan’s government to increase cargo transportation along the Trans-Caspian International Transport Route, as well as the development of a new automobile route for cargo transportation through Turkmenistan, Iran, Turkey and on to EU countries through Bulgaria and Romania. In support,  Yassen Ishev, Chairman of Bulgaria’s Scientific and Technical Union of Transport (STUT), stressed the importance of increasing cooperation in transport and logistics and in particular, establishing direct business contacts between the two countries’ transport companies.    

Kyrgyzstan and Russia to Expand Cooperation Across the Board

On July 10, the 25th meeting of the Intergovernmental Kyrgyz-Russian Commission on Trade, Economic, Scientific, Technical and Humanitarian Cooperation, was held in the Russian city of Krasnoyarsk, co-chaired by the Chairman of the Cabinet of Ministers of the Kyrgyz Republic Akylbek Japarov and Deputy Prime Minister of the Russian Federation Alexey Overchuk. Aimed at strengthening cooperation between Kyrgyzstan and Russia, the agenda focused on developing trade and economic relations, increasing bilateral trade turnover, and creating favourable conditions for investments and joint ventures. The parties also discussed issues related to developing scientific and technical cooperation, expanding humanitarian ties, including in education, culture, and healthcare, as well as joint projects in tourism and transport. Referencing the fact stated that in 2023, trade turnover between Kyrgyzstan and Russia reached $3 billion, and in the first four months of 2024, had already exceeded $1 billion, showing an increase of 30%, Akylbek Japarov announced the mutual goal to increase the Kyrgyz-Russian trade to up to $5 billion. Given the two countries’ intention to increase the share of mutual settlements in national currencies, the head of the Kyrgyz Cabinet invited the largest state-owned banks of Russia, such as Sberbank, VTB, Vnesheconombank, and Gazprombank, to open branches in Kyrgyzstan. On the same day, Akylbek Japarov also spoke at the meeting of the 11th Kyrgyz-Russian Interregional Conference in Krasnoyarsk. Regarding Kyrgyz-Russian cultural and humanitarian interaction, Japarov said that the past three years had seen a “breakthrough in the education sector.” In particular, he noted an agreement concluded last year, on Russia’s construction of nine new schools in Kyrgyzstan; one in each of its seven regions and two in the cities. Further to signing a Decree on the establishment of a branch of the Lomonosov Moscow State University in the Kyrgyz city of Karakol, the president expressed his appreciation of the increase in budget-paid places for Kyrgyzstan citizens studying in Russian universities to 1,000.

Kazakhstan-EU Transport and Logistics Cooperation

Expansion and strengthening of trade, economic and investment cooperation, and joint projects in transport and logistics with a focus on the development of the Trans-Caspian International Transport Route (TITR), were the key issues of the 15th meeting of ‘Kazakhstan-EU’.  Participants in discussions held in Astana on 10 July included Kazakhstan Prime Minister Olzhas Bektenov, head of the Delegation of the European Union to Kazakhstan, Ambassador Kestutis Jankauskas, and heads of diplomatic missions of EU countries in Kazakhstan. During the meeting it was stated that about 85% of goods exported by China to EU countries are transported through Kazakhstan, and TITR provides the most competitive cargo delivery time of 12-15 days. Regarding their interest in unlocking the full potential of TITR, also known as the Middle Corridor, participants noted the establishment of the joint venture, Middle Corridor Multimodal, at the Astana International Financial Centre, and the significant role of the European initiative ‘Global Gateway’, which opens new prospects for investment in the transport industry. To raise their strategic partnership to a new level, all confirmed their commitment to developing and strengthening Kazakhstan-EU trade and economic relations. According to the Kazakh government, the European Union accounts for over 40% of Kazakhstan’s foreign investments and about 30% of foreign trade. In 2019-2023, trade turnover between Kazakhstan and EU countries increased by 36.2%, amounting to $41.4 billion. Last year, EU countries invested $10.4 billion in Kazakhstan’s economy, and in the first quarter of 2024 alone, $2.8 billion.  

Almaty’s Aspan Gallery Champions Central Asian Art at Home and Abroad

“It’s difficult to be a point, but it’s easy to be a line, as everything in our world is moving.” The quote by Soviet avant-garde artist Sergey Kalmykov became the title of a 2020 show by Kazakh artists Almagul Menlibayeva and Yerbossyn Meldibekov, the first exhibition by Almaty-based gallery Aspan to be staged in the UK. This concept of continuous movement aptly describes the nine-year trajectory of the Aspan Gallery, founded and directed by Meruyert Kaliyeva. Maintaining its focus on contemporary Central Asian art, the gallery is constantly expanding and adapting to the dynamic of the international art world. [caption id="attachment_20211" align="aligncenter" width="776"] Dilyara Kaipova @Aspan[/caption]   The story of how the gallery came into being is unconventional. Meruyert Kaliyeva studied art in the UK, with the intention of practicing as an artist. She soon discovered, however, that the life of an artist was not for her and explained to TCA: “To be an artist, you must sacrifice your social and family life. You must disconnect from it all, and I was not willing to do that.” At the same time, she noticed that unlike her, many individuals at art school seemed destined to become artists. "Some people don’t have the luxury of choice,” she recalls. “I felt that these people needed to focus solely on creating art, and I realised I could help unburden them from some practical preoccupations.” After four years and a half working in auction houses in the UK, Kaliyeva finally decided to return to Kazakhstan. Having quickly realised the importance of supporting artists in a region where institutional support for contemporary art is extremely limited, she opened what is now the Aspan Gallery. Kaliyeva’s mission was  twofold. In tandem with developing the Central Asian art scene locally, through staging important historical exhibitions, publishing books and catalogues, and commissioning artists, she also concentrated on disseminating knowledge of Central Asian art abroad. A case in point is Aspan’s recent, significant donation to the Stedelijk Museum in Amsterdam. The donation was curated by Robbie Schweiger, based on research conducted in Kazakhstan, Kyrgyzstan, and Uzbekistan, and with input from Kaliyeva, connections were drawn between Central Asian artists and the Stedelijk’s permanent collection. The Times of Central Asia spoke to Kaliyeva about both the donation and the growth of the Kazakh art scene over the past few years. TCA: Why did you choose the Stedelijk Museum in Amsterdam for such a significant donation? MK: We were keen to have some of our artists represented in major institutions and identified three museums as contenders. The first on the list was the Stedelijk, which already held a collection of Central Asian art. The donation comprised 22 works by 13 artists from Kazakhstan, Kyrgyzstan, and Uzbekistan, spanning almost fifty years, from 1974 to 2020. Works from the 1970s and 1980s, created by artists associated with the underground art scene of the former Soviet republics, were complemented by work made after these republics gained independence in the early 1990s., in which  artists explored national...

Central Asia’s Water Crisis

Over 80% of Central Asia’s available water is spent on irrigation, 40% of which is lost during delivery and directly in the fields. Over the coming years, the problem of water shortage will inevitably worsen and with the commission of the Qosh Tepa Canal in Afghanistan, will become chronic from 2028. The stark warning was issued by Evgeny Vinokurov, Eurasian Development Bank’s (EDB) Deputy Chairman of the Board and Chief Economist during the  “Water, Energy and Food in Central Asia: Partnerships and Projects for Sustainable Development” session at the EDB 2024 Annual Meeting and Business Forum on 27–28 June in Almaty. The challenges of the Central Asian water and energy complex are too great to be tackled independently by the region’s countries. Historically, Central Asia’s five states have been closely linked by the region’s two largest transboundary rivers, the Amu Darya and the Syr Darya which flow into the Aral Sea basin, home to 80% of the population. Hence, the need for close a intersectoral relationship (nexus) concerning water, energy and food and deep regional cooperation for the effective use of shared water and energy resources to overcome the crisis. At the session, Askhat Orazbai, Chairman of the Executive Committee of the International Fund for Saving the Aral Sea, stressed the central role played by IFAS in building essential regional dialogue. The Fund is the only regional organization with membership of all five Central Asian states and according to its mandate, was designed to address the region’s complex water-energy nexus. For over 30 years, the Fund has been the key platform for decisions on water resources management at the highest level. Currently being reformed, the Fund’s full potential will soon be fully unlocked. The session emphasized the urgent need for increased funding to deal with challenges posed by water scarcity. Modernization of the existing irrigation infrastructure is extremely capital-intensive but budgetary funds are inadequate and private investors have shown no interest in the sector. The contribution of multilateral development banks is therefore critical and encouragingly, over recent years, most of the region’s  MDBs have given special priority to water projects. The EDB's Chief Economist Vinokurov pointed out that conservation is key to solving the problem of water scarcity. Highlighting the importance of digital accounting and the introduction of effective irrigation technologies, Vinokurov suggested creating a regional cluster of irrigation equipment. Considering that the region spends from $150 million to $300 million annually on the above, the EDB plans to actively support this sector's development. Michael Detlefsen, a UNIDO representative, expressed confidence in the future formation of a regional cluster of irrigation equipment in Central Asia. Over the last two years, the region has seen increased activity from manufacturers from Turkey, China, Israel, and the United States on the organization of local assembly lines. In this regard, the UNIDO representative stressed the importance of working together with the EDB to form such a cluster.  

Expansion of Japanese Investment in Uzbekistan

On July 9, Uzbekistan president Shavkat Mirziyoyev held a meeting in Tashkent with a Japanese delegation including Tadashi Maeda, Chairman of the Board of Directors of the Japan Bank for International Cooperation (JBIC), and a representative of  the Sojitz Corporation. Agreements were reached on the adoption of a three-year cooperation program with JBIC, as well as a roadmap with Sojitz Corporation for the implementation of potential projects in high-tech sectors of Uzbekistan’s economy. The Uzbek leader noted JBIC’s significant role in the implementation of investment projects in the country which today, includes a portfolio of joint initiatives worth over $3.7 billion in petrochemical and textile industries, energy, and infrastructure modernization. The president also expressed his deep appreciation of Sojitz’s implementation of projects in the country’s oil and gas sector. The Japanese company confirmed its intention to expand business activities in Uzbekistan, including, based on an agreement signed in 2022, the Syrdarya II IPP project, destined to become one of the largest power generation facilities in Uzbekistan. The Sojitz Corporation also announced its opening of a liaison office in Tashkent through which it aims to strengthen existing business as well as develop new business while striving to address regional needs across Central Asia.