• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
21 December 2024

Viewing results 1 - 6 of 221

Uzbekistan: jailed entrepreneur keeps faith in the system

TASHKENT (TCA) — Harassment of private entrepreneurs by corrupt law-enforcement officials is widespread in the former Soviet republics of Central Asia, and Uzbekistan is no exception. With reforms announced by the new Uzbek head of state, there is a hope that that practice will stop. We are republishing this article on the issue, originally published by EurasiaNet.org: A scroll through Olim Sulaimanov’s Facebook page suggests nothing of a man seeking to buck the system in Uzbekistan. One post from early January features a screenshot of the televised New Year’s Eve address by the president accompanied by wholehearted messages of support from Sulaimanov. But scattered among the cheerleading for the government are reminders that the businessman recently emerged from his second stretch of prison time in the space of seven years. “If two times they tried to break a man, but he got back up each time, that shows he has character,” reads one message from December 3. Sulaimanov blames his troubles with the law on an out-of-control and unaccountable justice system. His one hope is to speak with President Shavkat Mirziyoyev directly so that he might explain what he and fellow entrepreneurs in Uzbekistan must endure just to keep their head above water. Sulaimanov arrived for an interview with EurasiaNet.org holding folders bulging with papers documenting his legal troubles. Without waiting for questions, he began animatedly explaining how he had been unjustly imprisoned. “I am looking for justice and I want to show that they put me behind bars on the basis of false testimonies,” said Sulaimanov, an emotional and perennially optimistic 53-year-old. His first run-in with the authorities came in 2010, when Sulaimanov says he refused to give a $20,000 bribe to an official in the General Prosecutor’s Office. As a result, his companies were impounded and he faced criminal charges on grounds of financial misdemeanors. A sustained letter-writing campaign had no discernible effect. In August 2011, he emerged undaunted from a 12-month stay in prison. “My sense of fear disappeared and I understood that if you are right, you should fight to the very end,” he told EurasiaNet.org. Sulaimanov restarted his three companies, which dealt in construction, exporting fruit and vegetables, and manufacturing industrial cleaning materials. Things went smoothly for a few years, but trouble returned in the spring of 2016. According to his account of events, three officials from the Tashkent prosecutor’s office turned up at his house one day in April demanding he transfer 203 million sum (around $67,000 dollars at the official rate) to a designated bank account, and make a $30,000 cash payment. After putting up considerable resistance, Sulaimanov said he paid the former amount, but refused to relent on the latter. Before long, his companies were once again impounded and his bank accounts frozen. And then suddenly, history intervened and appeared to present a slender lifeline. Islam Karimov, the country’s veteran iron-fisted president, died in September 2016. Soon after taking Karimov’s place, Mirziyoyev began making remarks that were music to the ears of...

Kazakhstan reduces inspections of businesses

ASTANA (TCA) — In the first half of 2018, state bodies in Kazakhstan will check more than 30,000 business entities, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on its website. Continue reading

EBRD supports SME and trade in Uzbekistan

TASHKENT (TCA) — The European Bank for Reconstruction and Development (EBRD) provided US $30 million to the fourth largest financial institution in Uzbekistan, Joint-Stock Commercial Mortgage Bank Ipoteka-Bank. The financing package consisting of a $25 million credit line to support micro, small and medium-sized businesses (MSMEs) and a trade finance limit of up to $5 million under the EBRD’s Trade Facilitation Programme (TFP) was signed in Tashkent on December 22, the EBRD said. Continue reading

Uzbekistan: president vows reforms in first state-of-the-nation address

TASHKENT (TCA) — Speaking in an end-of-year address to parliament on December 22, Uzbekistan President Shavkat Mirziyoev vowed to pursue reforms and called on Uzbek government officials to improve communications with ordinary people, RFE/RL reported. Mirziyoev, who was elected president in December 2016, has sought to implement economic and social reforms, decrease Uzbekistan's isolation, and improve ties with regional neighbors. In the speech, he claimed have made progress and promised more. "The first results of the large-scale reforms implemented in 2017 are reflected in our people's everyday lives. They woke up social activity among them and strengthened their confidence in tomorrow," Mirziyoev said in the speech, which was attended by foreign diplomats and watched by regional officials and civic group leaders via video link. Mirziyoev stressed the importance of democratic reforms in the country, saying that the functions of the state and government structures must be based on democratic principles. He condemned officials, not mentioning names, who use vulgar words when talking to their subordinates or ordinary citizens. "Governors of three districts cannot speak to the people. Who gave them the right to insult people? That shows their ignorance and illiteracy," he said, referring to recent media reports that carried videos of local authorities beating and insulting people. Mirziyoev said the government has to focus on more reforms in the judicial, economic, education, science, and social spheres. He declared 2018 "the year of support of active entrepreneurship, innovative ideas, and technologies" and said that 2017 has been the "the year of the dialogue between the government and ordinary people." Mirziyoev also said that inspections of private businesses must be stopped in order to support small and medium-sized businesses in the country. "If we stop lying to ourselves, if we sincerely want our country to prosper, our people to be proud members of society, and our children to be happy and looking to a bright future, we, all together, will be able to achieve a lot," Mirziyoev said at end of his address.

Uzbekistan: EBRD provides $30 million to support local SMEs, promote trade

TASHKENT (TCA) — The EBRD is stepping up its reengagement in Uzbekistan with the provision of a financial package of up to US $30 million to JSCB Hamkorbank, the country’s largest privately-owned commercial bank, the EBRD said on December 21. Continue reading

Kazakhstan and EBRD to work on diversification and modernization of economy

ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) and the government of Kazakhstan have identified key areas of cooperation required to continue joint efforts aimed at the modernisation and diversification of the national economy. A corresponding protocol signed by the two parties on December 21 will provide for the continuation of joint activities in attracting investments, the development of the financial and small business sectors, the stimulation of entrepreneurship and sustainable regional development, the EBRD said. Continue reading