• KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 57

Uzbekistan to Establish International Financial and Technology Center

On June 13, Tashkent hosted the inaugural meeting of the Working Groups on the development of Uzbekistan’s capital market and creation of the International Financial and Technology Center. The event which also addressed the development of the Law on Alternative Investments, was organized within the framework of the Foreign Investors Council under the President of Uzbekistan. Representatives of international financial organizations and Uzbekistan’s business community joined heads of Uzbek ministries and foreign investors in discussions on the establishment of an International Financial and Technology Center, with an emphasis on attracting financial technology companies to Uzbekistan. The Uzbek Ministry of Investment, Industry and Trade reported that the agenda also included the development of a law governing the Center's operations as well as the creation of a strategy to promote opportunities offered by the center to entice foreign investment in Uzbekistan. According to experts, the launch of the Center will ensure long-term sustainable investment growth, increase the country’s GDP by 1% annually, and attract portfolio investments amounting to $7-$8 billion by 2028. It is also expected to create 15-20 thousand new highly skilled jobs over the next ten years. The meeting also reviewed draft amendments to the Law of the Republic of Uzbekistan "On Joint Stock Companies and Protection of Investors' Rights" and the concept of the law "On the International Financial and Technology Center".

Turkmenistan Plans to Create Powerful Bio-industry Sector

Turkmenistan intends to create a powerful bio-industry sector in all areas of biotechnology, Turkmenportal reports. President Serdar Berdimuhamedov signed a decree approving the State Program for comprehensive development of biotechnology in Turkmenistan for 2024-2028. Under the program, it is planned to implement priority innovation and investment projects, and widely deploy production in all sectors of bio-industry - from bio-pharmaceuticals to bio-chips. "The country's Academy of Sciences is already conducting topical developments in dozens of areas. In bio-pharmaceuticals, the medicinal properties of local plants are being studied. In food biotechnology, the production of fortified foods and drinks is underway. Agricultural biotechnology is being developed to increase crop yields. Scientists are working on biosensors and bio-chips for personalized medicine, bio-fuels and biodegradable materials. Microorganisms for soil bio-remediation are being studied. Turkmen know-how in the field of biotechnology is already attracting scientific interest in the world," the outlet said. The Presidential Decree also provides for a plan of measures to implement the State Program, which will be implemented by the Academy of Sciences of Turkmenistan, relevant ministries and departments. The main purpose of the new document is to integrate science into the development of different sectors of the economy, stimulate the production of environmentally-friendly, energy-saving, import-substituting and export-oriented goods, and the formation of a competitive national bio-industry in the future.

Kazakhstan to Build Supercomputer

On February 12th, Kazakhstan’s Ministry of Digital Development, Innovation and Aerospace Industry, and the national welfare fund Samruk-Kazyna, signed an agreement with Presight aI Ltd., a United Arab Emirates-based software and artificial intelligence (AI) company. The parties will join together for a project to create a supercomputer and build a data processing center in Kazakhstan.  Kazakhstan’s Minister for Digital Development, Innovation and Aerospace Industry, Bagdat Musin, earlier spoke about the importance of creating Kazakhstan’s own LLM (large language model) for introducing AI into all spheres of the economy, as well as into e-government. He also commented that AI will significantly boost the development of the financial services, healthcare, energy and manufacturing industries. It is hoped that the launch of a supercomputer will consolidate Kazakhstan’s place as Central Asia’s AI leader, and will make it possible for the country to rent computing power to its neighboring states.

Digital Almaty Forum To Be Held In February

From February 1st to 3rd Kazakhstan’s business capital, Almaty, will host the Digital Almaty 2024 forum, entitled "Industry X: The Digital Development of the Future".  Now in its sixth year, the forum will bring together government officials from Shanghai Cooperation Organization (SCO) and Eurasian Economic Union (EEU) countries, leading experts, and entrepreneurs from around the world, said the Kazakh Ministry of Digital Development, Innovation, and Aerospace Industry, one of the forum’s organizers.   Ersultan Ermanov, director of the ministry’s Department for Development of the Information Technology Industry, said that international technology parks from Belarus, China, India, Iran, Kyrgyzstan, Russia, and Uzbekistan will participate in the Digital Almaty forum. “The participation of their delegations will help lay the foundation for future fruitful cooperation, discuss current trends in the field of digital technologies, as well as the possibilities of their application to solve social, economic and environmental problems. Such events have a very positive impact on the country’s image,” Mr Ermanov said. The forum will also include an exhibition of Kazakhstan’s largest subsoil users, technology parks, and technology companies, which will share experience and information about projects in the IT ecosystem. More than 30,000 people are expected to attend the three-day digital event. As part of the forum, an Industry 4.0 Startup Battle is planned for February 3rd — a large-scale battle for the title of the best industrial startup, with a total prize fund of $150,000. This year, startups will compete for the title of "Best Startups in Industry 4.0" in the areas of Digital Oil Field, ESG, and Smart Mining. The organizers of Digital Almaty 2024 are the Ministry of Digital Development, Innovation, and Aerospace of Kazakhstan, the Ministry of Foreign Affairs of Kazakhstan, Akimat (municipality) of Almaty, and Tech Garden.

Turkmenistan: Domestically produced computers demonstrated to president

ASHGABAT (TCA) — Turkmen Deputy Prime Minister overseeing trade Chary Gylydzhov last week briefed President Gurbanguly Berdymukhammedov that the domestic enterprise Agzybirlik tilsimaty had launched the production of Turkmen computers, Chronicles of Turkmenistan reported with reference to the state information agency TDH. Continue reading

Uzbekistan: New construction phase launched at IT Park in Tashkent

TASHKENT (TCA) — President of Uzbekistan Shavkat Mirziyoyev on November 20 visited the Technological Park of software products and information technologies in Tashkent, the president’s official website reported. Continue reading