• KGS/USD = 0.01138 -0.87%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09358 1.08%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01138 -0.87%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09358 1.08%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01138 -0.87%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09358 1.08%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01138 -0.87%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09358 1.08%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01138 -0.87%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09358 1.08%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01138 -0.87%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09358 1.08%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01138 -0.87%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09358 1.08%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01138 -0.87%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09358 1.08%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 2149

Kazakhstan Launches Battle against Counterfeit Medicines

From 1 July 1, 2024, in an effort to rid the country of counterfeit drugs flooding the local market,  labeling of all medicines in Kazakhstan will become mandatory. According to the World Health Organization (WHO), every tenth package of medicines distributed in developing countries is counterfeit, and in Kazakhstan, exceeds 10% of the volume of imported medicines. This is not only an economic issue, but one that poses a direct  threat to people's lives and the health of the nation.  Under the new initiative, all drugs will be assigned an electronic passport detailing both its source and  path to the consumer. The Ministry of Health of the Republic of Kazakhstan stated that the key aim of the project is to eradicate illegal trade in medicines, including those used within the state's medical programs and mandatory social health insurance. Confident that mandatory labeling will prove effective in dealing with gray imports in the pharmaceutical market,  economist Andrei Chebotarev remarked, "When the manufacturer's goods are labeled, you can trace their  route all the way to your home medicine cabinet. Everyone will know, for example,  where the pills were produced and how they were imported into the country. At present, there is no  guarantee that  goods are genuine. Where was this medicine produced? In India, in Germany? It is almost impossible to check the source." In short, he continued, labeling is the surest way of "letting the cat out of the bag." Another positive impact of the introduction of labeling concerns  an increase in tax revenues and customs duties. Pharmacies in Kazakhstan already sell drugs labeled with the DataMatrix code. Specialists believe that the pharmaceutical industry is ready to exit the shadow turnover. During the first two months of 2024, almost 5,000 tons of various drugs worth $275.7 million, were imported by Kazakhstan.  

Son-in-Law of Former Kazakh President Nazarbayev Sells His London Mansion

Kazakh billionaire, Timur Kulibayev has sold his mansion in the prestigious London neighborhood of Mayfair for £35 million pounds sterling. The son-in-law of Kazakhstan's former president, Nursultan Nazarbayev is also looking for a buyer for a second house nearby, according to a report in City A.M. The British publication claims that Kulibayev has struck a deal to sell the property to North Wind Capital, an investment company founded by former Deutsche Bank director, Ben Williams. The new owners are planning a large-scale reconstruction of the building. According to City A.M., Kulibayev's mansion on Upper Grosvenor Street was sold at an undervalued price due to the value of luxury real estate taking a significant drop since Brexit. Many London homeowners have already taken substantial losses on investment and residential properties. "Kulibayev has owned two mansions next door to each other for almost 20 years. They are directly opposite the Embassy of Monaco, and just a short walk from Buckingham Palace. Almost all this time, the house which he sold was empty," notes the City A.M. article. In 2024, Timur Kulibayev and his wife Dinara Kulibayeva, daughter of Nursultan Nazarbayev, still sit atop the list of the richest Kazakhs. The combined fortune of the Nazarbayev family is estimated at almost $10 billion.

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."

Citizens of Kazakhstan Aren’t Being Detained at Borders with Russia, Ministry Claims

The Ministry of Foreign Affairs of Kazakhstan, Aibek Smadiyarov, is reassuring its citizens that they can safely visit Russia, stating that the relationship between the two nations is based on the principles of friendship, alliance, and strategic partnership, and are a model of multifaceted interstate cooperation. "We do not observe any problems on the Kazakh-Russian border. Our diplomats in Russia are constantly in contact with local authorities, the Ministry of Foreign Affairs, and the border service. Our citizens do not observe any mass detentions or document checks. If they have been stopped or had their documents checked, it is for security purposes," said Smadiyarov at the briefing. He also advised Kazakhstani citizens to observe Russian laws while in the country. Earlier, the foreign ministries of Tajikistan and Kyrgyzstan recommended that their citizens shouldn't visit Russia without good reason. These statements were made against the backdrop of a tightening on migration controls by the Russian authorities following the March 22 terrorist attack on the Crocus City Hall near Moscow. Since then, xenophobic attacks on migrants from Central Asia have been on the rise. According to currenttime.tv, 75% of cafes and restaurants run by Central Asian migrants in Moscow alone have shut since the incident due to police harassment.

Kazakhstan Forwards Water-Saving Technology

On May 6, the Kazakh Ministry of Water Resources and Irrigation reported on measures being taken to encourage farmers to save and use water more efficiently. The move addresses Kazakhstan President Kassym-Jomart Tokayev’s earlier criticism about the process of introducing water-saving technologies being “extremely slow,” with agricultural sectors in some regions, experiencing annual losses of water of 40%. According to plans set in motion by the ministry, by 2030, the installation of water-saving technologies will provide an annual saving of up to 2.1 cubic kilometres of water on 50% of the country’s irrigated land To date, subsidies for drilling irrigation wells have been increased to 80% of their costs, and in collaboration with the Ministry of Agriculture, work is progressing to increase subsidies for the installation of water-saving systems from 50% to 80% of their costs. In adherence to the new Water Code, the state will provide subsidies and reduced tariffs for water supply depending on the extent to which water-saving technologies are used. Tariffs for irrigation water are set to be calculated according to the types of crops grown and the volume of water required for their production. The ministry is also working to digitalize 3,500 km of irrigation canals in the Almaty, Zhambyl, Kyzylorda, and Turkestan regions in the south of the country, which will improve water metering on 362 thousand hectares of irrigated land and enable a saving up to 600 million cubic meters of water annually.    

 Victory Day Payments for WWII Veterans in Former Soviet Republics

To mark the 79th anniversary of the Second World War Victory, celebrated in former Soviet republics on 9 May, Kazakhstan's 50,100 WWII veterans and contributors each received at least 1.5 million tenge ($3,500). According to Kazakhstan’s Ministry of Labour and Social Protection of the Population, Victory Day awards differed from region to region. Qualified residents in Akmola received 3 million tenge, in Aktobe, over 2 million tenge, and in Abay, Almaty, Karaganda, and Pavlodar as well as the cities of Astana and Almaty, 2 million tenge. Records of 1 May, show that 148 WW2 veterans currently reside in Kazakhstan. The country is also home to 50,012 others who played important roles in winning the war, including 70 residents of besieged Leningrad; 149 prisoners of German concentration camps; 2,314 spouses of those killed and disabled in battle ; 2 widows of soldiers who died or went missing, and 47,477 people who manned the home front. During WWII, over 1.2 million Kazakhs were called to the Soviet-German front. Fighting in over 20 infantry divisions, fifty percent died or went missing in combat. In Kyrgyzstan, 41 surviving war veterans will each receive 100 thousand soms (almost $1,130) from the President’s Fund. In Russia, veterans will receive a single federal payment of 10 thousand rubles (about $109), and those based in Moscow, an additional 10 -25 thousand rubles. Victory Day payments to veterans in Belarus are around $1,226 per head, and in Azerbaijan, $1,200.  

Start typing to see posts you are looking for.