• KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%

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Joint Portfolio of Uzbekistan and Saudi Arabia Projects Exceeds $30 Billion

On May 2, Uzbek President Shavkat Mirziyoyev welcomed representatives of several countries to the Tashkent International Investment Forum. In discussion with the Speaker of the Parliament of Singapore, Sia Kian Peng, the two sides focused on cooperation in personnel training, investment, tourism and public safety, and emphasized the importance of joint, effective parliamentary control over their bilateral high-level agreements. During negotiations between Mirziyoyev  and the Chairman of the Cabinet of Ministers of Kyrgyzstan Aqilbek Japarov, the two leaders  concentrated on deepening strategic partnership between Uzbekistan and Kyrgyzstan, expansion of cooperation in various trade sectors such as industrial, energy, transport and logistics, and  marshalling interregional relations and cultural-humanitarian exchange. Special attention was paid to practical issues relating to the Kambarata HPP-1 (hydropower plant) and China-Kyrgyzstan-Uzbekistan railway projects. A delegation led by Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, used the opportunity to discuss the further expansion of practical cooperation, and the implementation of priority investment projects in Uzbekistan. The high level of bilateral trade and investment partnerships already achieved was noted. The portfolio of joint projects currently exceeds $30 billion, with Saudi Arabia's ACWA serving as a keen investor in Uzbek wind power generation. According to data provided by the Uzbek Government, agreements to implement projects worth $18 billion in the fields of green energy, infrastructure, healthcare and pharmaceuticals are set to be signed within the framework of the Tashkent International Investment Forum.

 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.  

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.

Kyrgyz Authorities Believe Negligence Caused Truck to Hit Students

Kyrgyzstan’s president has ordered the transfer by plane of ten seriously injured children to Bishkek for medical treatment after a truck hit students who had assembled on a hillside for a storytelling competition, Kyrgyz media reported on Friday. About 30 people were injured in the incident in the Suzak district, Jalal-Abad region on Thursday, prompting President Sadyr Japarov to form a commission to investigate what authorities believe was an act of negligence. The driver of the truck was arrested, though early reports said the truck was empty when it rolled through the crowd of students. Video captured the moment as young people, some standing in formation, scattered or were caught in the path of the vehicle. “The accident was caused by negligence and non-compliance with safety rules,” said Kamchybek Tashiev, head of the State Committee for National Security and deputy chairman of the Cabinet of Ministers. “There were many shortcomings in organizational work. Organizers should take into account all safety rules which were necessary. For example, special places for cars should not be allowed into the crowded area. This kind of accident is caused by neglecting such small things," Tashiev said. Kabar, the state-run news agency, quoted him as saying there was no indication that terrorism was involved.

Kyrgyzstan Again Tells Citizens: For Now, Don’t Go to Russia

Kyrgyzstan has again urged its citizens to avoid travel to Russia if possible, citing media reports of “the mass refusal of entry” and saying people should wait until Russia lifts tighter security measures at its border points. Kyrgyzstan’s Ministry of Foreign Affairs “recommends that fellow citizens who do not have compelling reasons to travel to the Russian Federation temporarily refrain from traveling to its territory until the previously introduced additional security measures and the regime of enhanced control of entry across the state border are lifted, and if they need to leave, check in advance for any restrictions on entry to the Russian Federation,” according to a ministry statement on Thursday. The ministry issued a similar call to delay trips to Russia days after gunmen killed more than 140 people at the Crocus City Hall on the outskirts of Moscow on March 22, leading to a backlash of suspicion, harassment and violence in Russia towards Central Asian migrants. Several of the detained subjects were from Tajikistan, which last weekend urged its own citizens to skip travel to Russia “unless absolutely necessary,” amid concerns about hundreds of Tajik nationals who were being held in unsanitary conditions at detention facilities in Moscow airports. Russia has sought to ease tension with Tajikistan, saying anti-terrorism measures were being implemented and that Tajik citizens had not been targeted for mistreatment. Fissures in its relationship with Tajikistan are extremely rare. Russia has also tried to mollify Kyrgyzstan over a Russian police search of the Moscow apartment of a Kyrgyz diplomat last month.

Tashkent Investment Forum Focus on Kyrgyzstan’s Kambarata HPP-1

The construction of the Kambarata hydroelectric power plant (HPP)-1 on Kyrgyzstan’s Naryn River was at the forefront at the Third Tashkent International Investment Forum attended by Uzbekistan’s Prime Minister Abdulla Aripov and representatives of international organizations and financial institutions. At the panel session on energy, on 2 May, Chairman of the Cabinet of Ministers of the Kyrgyz Republic Akylbek Japarov, outlined the master plan behind Kambarata HPP-1, investment indicators,  and its potential benefits to water resources management and Central Asia’s electricity market. Japarov explained that generated by hydropower, almost all electricity in Kyrgyzstan is green, but stated, “We have so far used only about 13% of our existing potential. Taking into account global challenges and trends in the development of green energy, the Cabinet of Ministers of the Kyrgyz Republic has actively begun to implement infrastructure energy projects. The large-scale construction of Kambarata HPP-1, strategically important for the entire region, will up the pace of development in this field.” Kyrgyzstan, Kazakhstan, and Uzbekistan recently signed a Roadmap for joint construction of Kambarata HPP-1. If completed, Kambarata HPP-1 will have a capacity of 1860 MW and will generate 5.6 billion kWh of electricity per year. A forum for further discussions on foreign investment in the project is scheduled for early June in Vienna . Turning to plans for hydroelectric power plants elsewhere in the country, Kyrgyzstan’s Prime Minister, stated, “Work is underway to implement projects for the construction of a cascade of hydroelectric power plants on the Chatkal River, as well as a cascade of Kazarman hydroelectric power plants on the Naryn River. Our country needs foreign investment to develop energy, which is the main sector of the economy. We invite foreign companies to consider the possibility of participating in the construction of small and medium-sized hydroelectric power stations and renewable energy sources in Kyrgyzstan.”    

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