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December 2015

Islam Karimov Approves A Number Of Amendments To Laws Of Uzbekistan

Thursday, December 31, 2015 - 12:29

Uzbek President Islam Karimov signed the law “On introduction of amendments and additions to some legislative acts of Uzbekistan.” Worth recalling, the law was adopted by the lower (legislative) House of Parliament on November 27, and then approved by the upper house (the Senate) on December 4.

Uzbekistan To Introduce New Road Traffic Regulations In March 2016

Thursday, December 31, 2015 - 12:10

The Uzbek government has approved a new version of the National Road Traffic Regulations, which will come into effect on 1 March 2016. The news was reported by local media with reference to the Cabinet of Ministers. Worth recalling, the rules in the current edition were adopted back in 2000, and then amended in 2006, 2007, 2011 and 2013. To a certain exten, the new version of the road traffic regulations reflects the changes of recent years, including the increase in the number of road motor vehicles and the development of modern information and communication technologies.

Kazakhstan To Strengthen And Develop National Identity

Thursday, December 31, 2015 - 11:26

President of Kazakhstan Nursultan Nazarbayev signed a decree on approval of the Concept of development and strengthening of Kazakhstan's national unity and identity, as reported by the presidential press service. The concept is based on the constitution and several laws of Kazakhstan: “On languages,” “On education,” “On Culture,” “On the Assembly of Peoples of Kazakhstan,” as well as the Doctrine of National Unity of Kazakhstan, the Concept of National Identity Formation, and the Concept of the Assembly of Peoples of Kazakhstan.

Share Of Small Business In Uzbekistan's Economy Increases

Thursday, December 31, 2015 - 11:00

The share of small business in Uzbekistan's economy is expected to have been at least 56.5 percent of GDP and 26 percent of exports of goods and services in the year 2015, as reported by the Ministry of Economy. These are still preliminary figures, while the exact information will be published one month after experts complete the estimates. However, the representative of the ministry stressed, “The proportion of businesses in the country's GDP has been increasing annually.”


Kyrgyzstan May Temporarily Import Electricity From Kazakhstan

Thursday, December 31, 2015 - 10:22

Kyrgyzstan may begin to temporarily import electricity from neighboring countries, as announced by the press service of the Kyrgyz government on December 30. The issue was touched upon during the meeting of Prime Minister Temir Sariev with representatives of energy companies. The participants discussed issues related to elimination of the consequences of the accident that had occurred at the Toktogul hydroelectric power station a few days before.

Transit Transport Corridors Discussed In Turkmenistan

Wednesday, December 30, 2015 - 22:17

On December 29, the Institute of International Relations under the Ministry of Foreign Affairs hosted a conference on “The role and importance of transit transport corridors – international cooperation for sustainable development.” The event was attended by heads and representatives of Ashgabat-accredited diplomatic missions, various international organizations, the Institute of International Relations, the International University of Sciences and Humanities, the Turkmen State Institute of Transport and Communications, the media.


Kyrgyz Religious Schools To Be Inspected

Wednesday, December 30, 2015 - 21:59

All religious schools in Kyrgyzstan must comply with the national education and teaching standards, according to Deputy Prime Minister of the Republic Gulmira Kudaiberdieva. During the recent government meeting, she pointed out the need for strict adherence to national standards in any educational religious institutions. Kudaiberdieva stressed, “Educational standards, together with the right of children to general and secondary education, have not been canceled in our country, so far as I know.”


Kazakh National Pension Fund's Revenue Position May Fall In 2016

Wednesday, December 30, 2015 - 18:33

As follows from the recent statements by representatives of the National Bank of Kazakhstan, pension assets of the ENPF will be temporarily invested only in government securities of the republic. According to head of the Bank Daniyar Akishev, the initiative will enable the Fund to preserve the pension savings of unit holders. However, experts believe that this may entail a significant decrease in the profitability of the ENPF assets, as reported by local media.


Kazakh-Chinese Cooperation: 2015 Performance

Wednesday, December 30, 2015 - 18:06

In 2015, Kazakhstan and China signed more than 150 documents of different levels, including 129 economic agreements worth $65 billion, as announced by Ambassador of Kazakhstan to China Shahrat Nuryshev. In his words, the signed documents relate to the implementation of projects under the program for transferring production capacity, which is currently carried out by joint efforts of Kazakhstan and China.


De-Dollarization In Kazakhstan: The 2016 Program

Wednesday, December 30, 2015 - 17:45

In 2016, the National Bank of Kazakhstan intends to continue the de-dollarization of the national economy, while also taking other measures to ensure its effective functioning. This statement was made by head of the financial structure Akishev Daniyar in an interview to local media. According to him, the Bank's most important step in 2015 was the decision to switch to a free floating exchange rate of the tenge and to minimize the main financial regulator's participation in the foreign exchange market.