• KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 431

How the Trans-Caspian Corridor will Revitalize Trade between Asia and Europe.

Kazakhstan's Transport Minister, Marat Karabayev has stated that geopolitical tensions are disrupting traditional logistics chains and jeopardizing global trade. As reported in an article published in the Chinese business publication, "South China Morning Post, " he claimed that developing the Trans-Caspian transport corridor is essential for increasing transit potential. Karabayev believes the Trans-Caspian international transportation route is an effective alternative to traditional maritime routes. The overland corridor connects Southeast Asia and China with Europe, crossing Kazakhstan, Azerbaijan, Georgia, and Turkey. Last year, cargo traffic along this route exceeded 2.7 million tons, up 86%. "Kazakhstan can play a key role here. As the largest country between Asia and Europe, it is an important transit hub for trade between the two continents. Kazakhstan accounts for about 80% of all land transit traffic from China to Europe,” said Karabayev. He noted that the Trans-Caspian corridor has undergone a steady development over the past decade. In recent years, geopolitical changes have given it additional impetus, especially since the number of container ships crossing through the Suez Canal in 2023, decreased by 67%  and the cost of sea transportation from Shanghai to European countries has almost tripled in recent months. Given that overland transit would reduce costs and become a more viable logistical option, Kazakhstan is committed to improving infrastructure and terminal facilities, increasing rolling stock, removing administrative barriers, and creating favorable carrier conditions. "However, for the Middle Corridor to achieve its goals, we need the support and participation of other countries," advised Karabayev. "Austria, Germany, Latvia, Latvia, Lithuania, Estonia, and Hungary have expressed interest in joining the Trans-Caspian International Transport Route Association. The EU recently announced an investment of 10 billion euros ($10.85 billion). In addition, a roadmap for development until 2027 has been agreed with Azerbaijan, Georgia, and Turkey.”

Traders Rally in Kyrgyzstan

 As reported 24.kg, entrepreneurs of the auto parts company, Dordoi Motors have rallied against the introduction of electronic invoices (EI) and electronic bills of lading (EBL). The rally was attended by 380 Dordoi Motors entrepreneurs and according to a spokesperson, market traders from Osh Bazaar and Aziz market plan to join their campaign.  “We are not against working, but unnecessary red tape with EBL hinders trade,” said one of the rally participants. Addressing the throng, market director Erkin Salymbekov , suggested that the protesters continue working or suspend trading until the issue is resolved. It should be noted that last year,  Salymbekov, vice president of the  Dordoi association stated that the introduction of EBL would play an important role in developing the country's economy and called for entrepreneurs' support of the government's policy. From 1 January this year,  all markets in the country were to switch from the patent system to the EBL and electronic invoice. However, as a result of the rally held by traders associated with Kyrgyzstan's largest market , Dordoi, the president has postponed the transition to electronic bills until July 1st, 2024.

Heavy Chinese-Made Trucks Churning Up Kazakhstan’s Roads

Kazakhstan’s Ministry of Transport has blamed the premature wear of its roads on heavy Chinese trucks. Some 60 thousand trucks are currently registered in Kazakhstan, including around 40 thousand heavy Chinese-made trucks. The weight of the latter when combined with overloaded cargo hovers around 35-40 tons and thus exceeds the maximum weight of 25 tons permissible on the asphalt roads. As a result, the country’s roads are sustaining serious damage and traffic of concrete mixers and truck cranes of similar weight only exacerbates the problem. Back in December 2022, it became law that all vehicles with a capacity to carry 12 tons pass through specially installed automated weight measurement stations. To ensure more rigid transport control, the ministry plans to significantly increase the number of weight measurement stations. As part of a pilot scheme, six new stations have been installed on the peripheries of Astana this year.  

Erdogan: Turkmenistan Gas Exports to Turkey “Only a Matter of Time”

Turkey's president Recep Tayyip Erdogan has said that it is "only a matter of time" before gas from Turkmenistan is exported to Turkey and Europe through the expanded Trans-Anatolian Gas Pipeline (TANAP) project. “Our long-standing cooperation, crowned with infrastructure investments such as Baku-Tbilisi-Ceyhan, Baku-Tbilisi-Erzurum pipelines, and TANAP, has not only benefited Turkey and Azerbaijan but has also made significant contributions to the energy security of the region and Europe,” Erdogan said at the International Caspian Oil and Gas Exhibition in Azerbaijan's capital of Baku. Two gas routes from Turkmenistan to Azerbaijan are being reported. The Turkish Daily Sabah reports that this plan involves transporting gas by sea on gas carrying ships. Upstream, citing experts, reports that SOCAR will start negotiations with Turkmenistan on the resumption of gas supply through Iran under the exchange scheme. On June 4th, Turkey’s Botas Petroleum Pipeline and Azerbaijan’s SOCAR also signed agreements to promote an intergovernmental deal calling for cooperation on natural gas issues reached in May. In one of the five signed contracts, Botash and SOCAR must jointly organize the natural gas supply from Turkmenistan to Azerbaijan and then through Turkey to other countries.

Poland and Russia Ensure Continued Transit of Kazakh Oil to Germany

Pipeline operators PERN (Poland) and Transneft (Russia) have agreed to ensure the continued transit of Kazakh oil to Germany,  reported Reuters. The Druzhba pipeline runs through Russia to the Belarusian city of Mozyr, after which it splits northwards in the direction of Poland and Germany, and southwards, to Hungary, the Czech Republic, Slovakia and Croatia. The northern pipeline has the capacity to  carry  two million barrels of oil per day from Kazakhstan into Poland. Back in  April, Transneft warned Kazakhstan that the transit of its oil to Germany could cease as a result of the situation concerning the certification of oil flow meters in Poland. The devices must be periodically certified for compliance with Russian standards and the verification of oil flow meters on the Polish section of the Druzhba pipeline must be completed by June 5. To  address the issue , the  Polish pipeline operator PERN, Russian state-owned Transneft, and German refiner PCK Schwedt, which receives supplies from Kazakhstan, have agreed that the German company will maintain oil flow meters on the Polish section of the Druzhba pipeline. The work required to maintain metering on the Polish section and in turn, remove the risks imposed by  PERN's sanctions,  are to be undertaken by an unnamed Slovak company.

Why Have Women’s Carriages Become So Popular in Kazakhstan?

Kazakhstani women have already had time to appreciate women-only cars in trains - an innovation that seemed unthinkable in the secular country a few years ago. However, the special carriages did not appear as an indulgence to traditionalist views. Kazakhstani women now have a choice: they can ride in a regular carriage, or they can ride in a carriage that is practically closed to men - and demand for the latter service is increasing year by year. In May, the statistics of Kazakhstan Temir Zholy (KTZ), a railroad monopoly, were published, which revealed that women twice as often choose women's cars. Since 2021, more than 359,000 women have chosen this option, and since the beginning of 2024 alone, the service has been used by about 70,000 women, whereas in 2023, only 34,000 did so. Today, women's cars run in eight long-distance passenger trains, with only female conductors working in them. Male children up to seven-years-old are allowed, whilst men can go enter for a short period of time, but overnight stays are strictly prohibited. The need to ensure the safety of women in trains began to be discussed after the scandal that broke out in the fall of 2018, when two conductors raped a female passenger on the high-speed train "Talgo" on the Astana-Aktobe route. This crime resonated widely, and led to loud demands for the authorities to take action. Conductors Zhetes Umbetaliev and Kolkanat Kurmaniyazov were found guilty of rape in July 2019 and were sentenced to just 2.3 and 2.5 years, respectively, whilst Kanat Almagambetov, first deputy chairman of KTZ, apologized on behalf of the company. The first women-only cars were launched in October 2021. "This is being done primarily for the safety of women... If demand for the service increases, our company is ready to expand the geography of these routes. Apart from the female conductors, these carriages are no different from the others. They have the same pricing policy," KTZ explained at the time. The current routes were chosen because of their length, company representatives said. Kazakhstan is a large country and a trip from Almaty to Mangistau, for example, takes several days. Ainagul Kasenova, a resident of Mangistau Oblast, travels to see relatives in Almaty several times a year, and for her, women's cars have become a solution. "Now I try to buy tickets only in a separate car. You travel for a long time, so it's much more comfortable if there are only women and children around. I used to encounter men talking to me, paying me unnecessary attention; it was unpleasant. When the news about the rape of a female passenger by conductors broke, my parents didn't even want to let me go to Almaty. Now they let me go without any problem," Kasenova told TCA. According to her, both students and pensioners are comfortable in women's carriages, especially those who have to travel often, which increases the risk. "The women's carriage is always quiet, friendly atmosphere, without drinking and noise," she added....

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