@gov.kg

16 Apr 2024
Central Asia, International Affairs, Kyrgyzstan, Kyrgyzstan International Affairs, Business & Economy, Kyrgyzstan Business & Economy

Kyrgyz PM Zhaparov In U.S. For Talks With Energy Investors

Kyrgyzstan’s prime minister Akylbek Zhaparov is in the United States this week, and will meet with potential investors as Kyrgyzstan looks to grow its energy sector.

Zhaparov will meet with the heads of the World Bank, International Monetary Fund, the U.S. Agency for International Development (USAID), the U.S.-Kyrgyz Chamber of Commerce, Asian Infrastructure Investment Bank, Asian Development Bank and the European Investment Bank. He will also meet with representatives of leading tech corporations, according to the Kyrgyz government’s press service.

Kyrgyzstan’s largest energy project is the construction of a hydroelectric power plant on the Naryn River, for which the World Bank has allocated a soft loan of $5 million for a feasibility study. Kyrgyz authorities are also negotiating a $500 million loan to construct the hydropower plant. In total, according to current estimates, the project will cost about $5 billion.

The Times of Central Asia has previously reported that the Kyrgyz Chamber of Commerce and Industry intends to open representative offices in the U.S.

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@gik.kg

16 Apr 2024
Central Asia, Local Politics, Kyrgyzstan, Kyrgyzstan Local Politics, Kyrgyzstan Business & Economy

State Mortgages in Kyrgyzstan Can Now Be Obtained Without Credit History

On April 15, a law introducing a mechanism called “Shared Housing Construction” within the framework of the program, “My House 2021-2026” came into force in Kyrgyzstan. The program, as defined by the State Mortgage Company (SMC) of Kyrgyzstan, is available to all citizens.

According to authorities, Kyrgyz citizens should be able to participate in collective housing developments without risks. According to the new program, citizens can apply for state mortgages without possessing a bank credit history in the country. Furthermore, those wishing to take out a mortgage will not have their incomes checked and will not have to submit to a work history.

“Until today, one of the problems of housing provision [for] citizens in the republic was the lack of a state mechanism of equity financing of housing construction. In this regard, President Sadyr Japarov on January 30 this year signed a decree ‘On measures to further improve the mechanisms of housing provision and construction of housing for citizens of the Kyrgyz Republic in the field of state housing policy'” – reported the SMC’s website.

Loans under the program will be issued under certain conditions: the down-payment should be at least 50% of the cost of the housing, the mortgage can be taken for up to 15 years at 8% per annum. Residential mortgage issuance by commercial banks in Kyrgyzstan today operates on more stringent conditions. For example, the interest rate for borrowers starts at 20% with a down-payment of at least one-third of the value of the property.

Earlier, Kyrgyz President Sadyr Japarov instructed the Cabinet of Ministers to determine the list of state-owned land plots to be transferred to the SMC.

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@daryo.uz

16 Apr 2024
Central Asia, Uzbekistan, Uzbekistan Business & Economy, Business & Economy, Uzbekistan International Affairs

Taliban Returns 120,000 Liters of Uzbek Oil Products Over Low-Quality

The National Department of Standards of Afghanistan has reported that it returned two tanker trucks worth of oil products with a volume of 120,000 liters from the port of Hairatan back to Uzbekistan. According to Radio Television of Afghanistan (RTA) English, the reason for this was the low quality of the imported refined products.

Furthermore, the National Administration of Standards sent back another 19 oil tankers from Sheikh Abu Nasr Farahi Port to Iran over their low-quality. The standards board once again asked Afghan businessmen to prevent the import of low-quality goods into the country.

In January of this year, it was reported that the Taliban returned more than 62 tons of low-quality oil to Uzbekistan through the Hairatan border point. In response to this, Uzbekneftgaz Chairman Bahadir Sidikov said the report was misinterpreted, and that the oil products returned by the Taliban was of high quality. Sidikov stated that the product was returned not because of its low quality, but because its standard isn’t available in Afghanistan.

“This new product was supposed to enter the Afghan market. Unfortunately, the first batch was sent back. But it’s a process. It will not be easy to enter every market. To prove the quality of this product, we sold 1,000 tons of the same diesel to Estonia last month. They received it as a “premium” and ordered 10,000 tons [more]. Currently, we are producing 10,000 tons of [oil] products. In addition, there are inter-governmental agreements,” commented Sidikov at that time.

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Kambarata project

16 Apr 2024
Central Asia, Uzbekistan Environment, Environment, Kazakhstan Environment, Uzbekistan, Kyrgyzstan Environment, Kyrgyzstan, Uzbekistan Business & Economy, Kazakhstan, Kyrgyzstan Business & Economy, Kazakhstan Business & Economy

Kyrgyzstan, Kazakhstan and Uzbekistan Consider Joint-Stock Company to Build Kambarata HPP-1

Kazakhstan’s Ministry of Energy has announced that the draft Agreement between the governments of Kyrgyzstan, Kazakhstan, and Uzbekistan on the joint implementation of the construction and operation of Kambarata hydroelectric power plant (HPP)-1 has been posted on Kazakhstan’s official Internet portal Open Legal Acts.

Available for public discussion, the agreement outlines the terms of cooperation between the parties in the proposed construction of Kambarata HPP-1 on the Naryn River in Kyrgyzstan.

To implement the project, the proposed joint-stock company will be financed with 34 percent of authorized capital belonging to Kyrgyzstan, 33 percent to Kazakhstan, and 33 percent to Uzbekistan.

The cost of construction is estimated between $5 billion and $6 billion and although the majority of funds will be drawn from the founders, further investment will be sought from loans and grants from international financial institutions and commercial banks.

According to the draft, at the end of the project implementation period, the shares and assets of Kambarata HPP-1 will become the sole property of the Kyrgyz side.

If realized, Kambarata HPP-1 will be the largest hydropower plant in Kyrgyzstan.

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Image: Soros.kg

16 Apr 2024
Home, Local Politics, Kyrgyzstan, Kyrgyzstan Local Politics, Features, Kyrgyzstan Features

Open Society to Close its Foundation in Kyrgyzstan, Citing Law on Foreign-Funded NGOs

The Open Society Foundations said it will close its national foundation in Kyrgyzstan after the country’s parliament passed a new law that tightens control over non-governmental groups that receive foreign funding.

Open Society, which was founded by billionaire investor and philanthropist George Soros, said Monday that the law“imposes restrictive, broad, and ill-defined regulations” on internationally funded NGOs. The decision to pull out of Kyrgyzstan came two weeks after the country’s president, Sadyr Japarov, signed the law, saying more rigorous registration requirements and financial oversight would make non-governmental groups more accountable.

The dispute between the government of Kyrgyzstan and foreign-funded groups represent a wider struggle over the direction of the Central Asian country. Opponents of Japarov believe he is systematically rolling back relative freedoms inKyrgyzstan. The president says local NGOS are embezzling money from foreign donors, an allegation denied by civil society groups.

The Soros Foundation-Kyrgyzstan has spent more than $115 million on projects in education, public health, criminal justice, supplying water to rural communities and other areas since it opened in 1993, a year in which the Central Asian nation was mired in crisis after the fall of the Soviet Union, Open Society said.

Under the new law, foreign-funded NGOs must “report broadly defined ‘political’ activities to the authorities” and risk uncertain consequences, Open Society said in a statement. Its president, Binaifer Nowrojee, said “this repressive new law will see civil society operate in a climate of uncertainty and intimidation.”

The Open Society Foundations, which funds activities in more than 120 countries, says it aims to promote justice, human rights and democratic governance. It says it joins “policy debates on controversial issues that other funders might avoid” and the group has attracted criticism from conservative and authoritarian leaders in a number of countries.

The United Nations has expressed concern about Kyrgyzstan’s so-called “foreign representatives” law. Jeremy Laurence, spokesperson for the UN High Commissioner for Human Rights, said on April 8 that many affected NGOs could close to avoid possible arbitrary checks by the authorities or having to pay for annual audits, or might end up self-censoring if they continue operations.

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Kazakhstan seeks skilled professionals

16 Apr 2024
Central Asia, Kazakhstan Life & Culture, Kazakhstan, Kazakhstan Home

Dearth of Teachers and Nurses in Kazakhstan

Based on data provided by the Electronic Labour Exchange, Enbek.kz, experts from the Centre for Human Resources Development have issued a forecast of skilled professional vacancies in Kazakhstan for the period April – December 2024.

As reported by the Kazakh Ministry of Labour and Social Protection of the Population, school teachers and skilled medical nursing staff are likely to be highest in demand.

This year, the number of vacancies in Kyrgyzstan is estimated to reach 1.2 million – an increase of 8% compared to 2023 – including 364,000 in education, 105,000 in healthcare, 91,000 in other personal services, 89,000 in manufacturing, and 86,000 in both trade and agriculture.

The highest demand for skilled professions in 2024 falls under ten categories: Secondary school social studies teachers, 31,000; pre-school teachers, 27,000; nursing staff, 23,000; primary school teachers, 20,000; institutional care workers, 19,000; high school natural sciences teachers, 17,000; secondary school teachers in mathematical sciences, 16,000; accountants, 15,000, and cooks, 13,000.

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