• KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 1308

Uzbekistan’s Migrant Laborers Remittances From Russia in Sharp Decline

Remittances to Uzbekistan from Russia have decreased by 68 % in the first quarter in 2024. Declining remittances have been observed since 2023, when Uzbeks working in Russia sent $8.58 billion home. According to experts at the World Bank, the reasons for the decline were several: a decrease in the number of migrant workers in Russia, devaluation of the ruble, and inflation keeping more of labor migrants' income in Russia to fund their basic needs. Uzbekistan became the leading nation in receiving remittances from Kazakhstan in 2023, at $588.62 million for the year. Remittances from Uzbeks living and working abroad account for 17.8% of the country's (gross domestic product) GDP. Uzbekistan continues to actively support labor migrants who wish to find employment abroad, offering them reimbursement for tickets and professional certification costs, and offering training in various professions and languages, as well as material and legal assistance. In parallel, the state is opening new markets for labor migration - among them Germany, Britain, Japan, South Korea, and Israel. Citizens of Uzbekistan with the appropriate qualifications and language skills can earn salaries abroad of  $1,000-$1,500 per month.

Samarkand to Host Asian Women’s Forum Next Month

The Asian Women's Forum will be held in Samarkand this May, where participants will discuss the situation surrounding women's rights in the countries of Central and Southeast Asia. The forum will discuss issues related to expanding women's rights, and reducing poverty in the region by involving women in entrepreneurship. Sessions will pay special attention to the role of parliaments in stimulating women's participation in business, gender-oriented budgeting, elimination of gender disparity, and eradication of all forms of violence against women and children. The participants will also focus on modern approaches and best practices in promoting the green economy, the impact of climate change on gender issues in the region -- as well as protection of women's rights and interests. Women are now a driving force in all aspects of life in Central Asia. Addressing the 78th session of the UN Commission on the Status of Women in New York, Chairwoman of the Senate of the Oliy Majlis (bicameral parliament) of Uzbekistan Tanzila Narbayeva said that "the attitude towards women has fundamentally changed in the country. Much attention is [being] paid to their education, mastering professions and foreign languages -- as well as to the development of women's entrepreneurship." To date, Uzbekistan has adopted more than 40 legal and regulatory acts to improve the status of women in society, established the National Agency for Social Protection, which, among other things, provides targeted assistance to women and works specifically on the social adaptation of women returned from conflict zones in Syria, Iraq and Afghanistan.

Central Asians Not Bananas About Bananas

According to the agricultural trade publication East Fruit, Central Asians have little taste for bananas. Kazakhstan has the highest consumption rate but with an average of  4.5 kg of fresh bananas eaten per person, per year, comes nowhere near Uganda where each year, individuals enjoy a whopping 270 kg of bananas. Uzbekistan and Kyrgyzstan are  fast catching up with Kazakhstan whilst in Tajikistan, the annual banana consumption per head  is only 2.3 kg. In Turkmenistan, it appears that many citizens never touch the fruit.  Lagging far behind its neighbours, a very modest  160 grams  are consumed per head, per year; a figure which according to East Fruit analysts is even lower than that recorded for North Korea. Not surprisingly,  countries with the highest banana consumption tend to be those  where the fruit is grown and exported and by way of explaining the above data, Andriy Yarmak, an economist in the investment department of the Unites Nations (UN) Food and Agriculture Organization (FAO) stated,  "Such a low consumption of bananas in Central Asian countries is due to the distance of the countries from the port infrastructure, which makes logistics very expensive. In addition, many countries in the region have high tariff and non-tariff barriers that prevent the import of exotic fruits into these regions. The third factor is the relatively low prices of local fruits, especially in the season of their mass production.”

Chinese Entrepreneurs to Help Address Environmental Issues in Uzbekistan

An Action Plan has been signed to develop cooperation between the Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan and the Association of Chinese Entrepreneurs in Uzbekistan. According to the ministry, the Plan covers a wide range of activities, including the construction of a waste incineration plant and the establishment of a high-tech industrial park (eco-industrial park). It also includes the introduction of an online environmental monitoring system for key polluting enterprises and the introduction of wastewater treatment technology. Alongside the Action Plan, ongoing cooperation between the parties will further the exchange of knowledge and best practices in combating desertification and creating green belts. In addition, the Ministry and the Association of Chinese Entrepreneurs reviewed proposals for the development of green technology projects, the recycling of household and solid waste, prevention of air pollution, and eco-tourism. The application of Chinese experience in landscaping desert areas and creating seedling farms was also discussed.

U.S. Government Discusses Data From Air Quality Monitor at Tashkent Embassy

On April 22, a press conference was held at the U.S. Embassy in Uzbekistan with American air quality specialist and researcher Jay Turner speaking to media representatives about the air quality monitoring device installed at the embassy in Tashkent in 2018. According to Turner, the device monitors the concentration of air particles every hour: data is taken every 53 minutes, the remaining seven minutes are spent analyzing it, and the results are compared to the previous hour. Devices recently installed by Uzhydromet also monitor air quality hourly, and their data is roughly similar to that recorded at the U.S. Embassy. However, there are aspects that should be taken into account when comparing the results, says Turner. “It is required to follow certain protocols during the monitoring process. The equipment at the embassy follows these protocols, which I have checked myself. If we assume that Uzhydromet follows these protocols and submits its reports, it can be said that it will be the same as our data,” he said. Turner mentioned that work is currently underway to determine the differences between the monitoring devices. “To find an answer to this question, the U.S. State Department has allocated grant funds to Duke University and plans to install inexpensive air quality monitoring sensors throughout Tashkent. A portion of them has already been installed,” he stated.

China Remains Uzbekistan’s Top Trade Partner

In the first three months of 2024, the value of bilateral trade between China and Uzbekistan reached $2.1 billion. During this period, Uzbekistan's exports to China totaled $349.4 million, whilst imports from the People's Republic of China (PRC) reached $1.7 billion. This trade flow reflects a significant surplus in the PRC's trade balance, indicating a steady demand for Chinese goods. According to the Uzbek statistics agency, trade with China accounts for 21.5% of the country's total foreign trade. The number of companies with Chinese investments is steadily growing in Uzbekistan - at the beginning of April, there were 2,501 of them, up 7% compared to the end of last year. At a meeting of the leaders of Uzbekistan and China in Beijing in late January, 2024, Presidents Mirziyoyev and Xi agreed to prepare programs of cooperation in infrastructure development, industrial cooperation, technology transfer in agriculture, and green energy. Last year, Chinese companies commissioned two solar power plants in Uzbekistan with a capacity of 1,000 MW. Mirziyoyev and Xi said bilateral trade turnover between the countries could reach $20 billion annually. The two sides see great potential in the construction of the China-Kyrgyzstan-Uzbekistan trunk-line railroad. According to various estimates, this multi-modal corridor will reduce the distance of cargo delivery to Europe from China by 900 kilometers, saving 7-8 days of transit time.

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