News

Uzbekistan to fight poverty in Chinese way

Uzbekistan has attracted specialists from China to implement the state program to combat poverty, according to the website of the President of Uzbekis...

Kyrgyzstan to buy 2.5 bln kWt-hours of electricity from 3 countries

Kyrgyzstan plans to import over 2.5 billion kilowatt-hours of electricity from Kazakhstan, Russia and Turkmenistan. Moreover, from Russia - for the first time, said the chairman of the board of the National Energy Holding of Kyrgyzstan Taalaibek Baigaziev, reports the portal 24.kg. In 2022, Kyrgyzstan experienced an electricity shortage of approximately 2.5 billion kilowatt-hours, Baigaziev said. There is been a lack of own production. Previously, the consumption in the country was 12 billion ...

IMF predicts reduction in cross-border remittances to Kazakhstan

Cross-border remittances and the influx of migrants in the countries of Central Asia, including Kazakhstan, will significantly decrease in 2023 compared to 2022, according to the May macroeconomic review of the International Monetary Fund for the Middle East and Central Asia, Kursiv.kz reports. “Cross-border transfers and the influx of migrants are expected to slow down significantly in 2023 compared to 2022. As a result, the reduction in remittances and exports of services will lead to a deter...

3 global brands pay more taxes to Uzbekistan than others

42 foreign companies providing electronic services in Uzbekistan paid 32.4 billion soums of taxes to the budget in January-April 2023. This was stated by Chairman of the Tax Committee of Uzbekistan Sherzod Kudbiyev, Nova24.uz reports. This amount is 1.6 times more compared to the same period in 2022, Kudbiyev said. At the same time, such global brands as Meta, Google and Apple account for 27.4 billion soums. Ten foreign companies account for 95% of taxes paid: Meta - 12.1 billion soums; (mor...

Assets of banks in Kyrgyzstan grew by 30%

The National Bank of the country and 23 commercial banks operate in the banking system of Kyrgyzstan, 14 of which are with the participation of foreign capital. There are 326 branches in the regions of Kyrgyzstan. The number of employees employed in the banking segment is about 18.5 thousand people, and the number of bank customer accounts is more than 8 million, the National Statistical Committee of Kyrgyzstan said in a statement. The average monthly salary of employees in the field of financi...

Methane emissions in Turkmenistan increases concern

E missions of a large amount of carbon dioxide into the atmosphere in Turkmenistan are concerned in a number of countries around the world. Just two Turkmenneft fields in the west of the country emitted more carbon dioxide into the atmosphere in 2022 than the entire UK in all of 2022, according to The Guardian, a British publication based on new satellite imagery, according to the turkmen.news portal. In 2022, 2.6 million tons of methane was released from a western fossil fuel deposit in Turkm...

Uzbekistan to hold early presidential elections

President of Uzbekistan Shavkat Mirziyoyev announced that he had signed a decree on holding early elections for the head of state, according to his Telegram channel. Shortly before this, Mirziyoyev signed a constitutional law allowing the head of state to call early presidential elections. This will be the first presidential election since the constitution was amended to extend the term of office of the head of state from five to seven years. Under constitutional law, incumbent President Shavka...

Strategic task of Kazakhstan to increase defense capability

The armed forces are a reliable pillar of the state, President of Kazakhstan Kassym-Jomart Tokayev said at the All-Army Conference. “Preserving the territorial integrity of our Motherland is our sacred duty. From time immemorial, our ancestors did not allow anyone to encroach on our lands and bequeathed to us to keep them. Our main task is to protect this great heritage like the apple of our eye... The armed forces are called upon to reliably protect these fundamental values,” Tokayev said. Po...

Turkmenistan claims to be a key transport and transit hub in Central Asia

Due to its advantageous geographical location, Turkmenistan is turning into one of the main centers of transcontinental routes crossing. It has an impressive potential for the development of all types of transport. Targeted measures are being taken to attract large investments to improve the position of Turkmenistan as a key transport and transit hub, create new transport and transit corridors and specialized infrastructure. The President of Turkmenistan Serdar Berdimuhamedov sent his greeting ...

Geographical Council of Turkic States to be created in Central Asia

An agreement on the establishment of the Geographical Council of the Turkic States (GSTG), which will include the geographical communities of Azerbaijan, Hungary, Kazakhstan, Kyrgyzstan, Turkey and Uzbekistan, is signed in Tashkent, Sputnik reports. The initiator of the creation of the Geographical Council was the Kazakh Republican public association "QazaqGeography". The main goal of the initiative to create the GSTG is to further deepen comprehensive cooperation between Turkic-speaking resea...

Uzbek and Germany Presidents opened an exhibition of cultural heritage of peoples of Central Asia in Berlin

President of Uzbekistan Shavkat Mirziyoyev, who is on an official visit to Germany, and President of Germany Frank-Walter Steinmeier opened the exhibition “Archaeological Treasures of Uzbekistan. From Alexander the Great to the Kushan Empire,” the press service of the President of Uzbekistan reports. The agreement to hold the exhibition was reached during the visit of Frank-Walter Steinmeier to Uzbekistan in May 2019. For almost four years, archaeologists, historians, art critics and museum wo...