The weight of fulfilling the desires and aspirations of family members back home often falls on the shoulders of young individuals who travel abroad for education. Not only are they expected to sustain themselves, but many also feel obligated to send money home, diverting their focus from their primary goal — education. Sociologist Bahodir Iskandarov, […]
Read MoreEconomic growth in the third quarter of this year was lower than expected, bringing growth rate for the first three quarters to 5 percent, said Byadran Lkhagvasuren, governor of the bank, at a press conference. “This slowdown in growth was primarily driven by weaker-than-expected copper and gold production.” Lkhagvasuren said that the revised forecast reflected […]
Read MoreThe savings in Tugrug, the national currency of Mongolia, reached MNT 20.7 trillion as of the end of October 2024, an increase of MNT 94 billion (0.5 percent.) Compared to the same period of 2023, the total amount of Tugrug savings increased by 5.4 trillion, or 34.9 percent. Of the total Tugrug savings, MNT 17.9 […]
Read MoreUzbekistan plans to annually process up to 300,000 tons of copper in its domestic market. To reach this target, the country is creating clusters, technoparks, and joint ventures focused on the production of copper-based products. This was announced by Ural Yusupov, Deputy Minister of Mining and Geology of Uzbekistan, during the International Congress on “Mining […]
Read MoreThe agreement between Masdar and Uzbekistan’s Ministry of Energy was finalized during the COP29 climate conference, marking a major step forward in the country’s push for sustainable energy solutions. This new plant is projected to generate 3.5 billion kWh of electricity annually, equivalent to saving approximately 1 billion cubic meters of natural gas each year. The construction […]
Read MoreAmir Khan Muttaqi, the acting Minister of Foreign Affairs, traveled to the shared border between Afghanistan and Turkmenistan to assess the progress of the TAPI project. Hafiz Zia Ahmad Takal, deputy spokesman for the Ministry of Foreign Affairs, stated that Amir Khan Muttaqi and the Turkmenistan Foreign Minister inspected the progress of the TAPI project […]
Read MoreOn December 5, President Shavkat Mirziyoyev reviewed a presentation outlining key priorities for the automotive industry ahead of 2025. The discussion, which built on instructions given last month, emphasized enhancing production capacity and improving vehicle quality. With over 400,000 vehicles sold annually, the automotive sector is poised for continued growth, driven by increasing consumer incomes. […]
Read MoreTiming couldn’t be better. Rising uranium demand, driven by a nuclear resurgence and geopolitical pressures, strengthens Mongolia’s uranium mining bargaining position. With the nuclear energy law amendments made in November 2024 Mongolia is signalling a sophisticated attempt to unlock its uranium potential while safeguarding national interests. These changes set the stage for a $1.7 billion […]
Read MoreAt its regular meeting, the Monetary Policy Committee (MPC) of the Central Bank of Mongolia decided to maintain the policy interest rate at 10 percent and increase the minimum reserve requirement in both domestic and foreign currency by 1 percentage point, reaching 11 percent and 16 percent respectively. Annual inflation rose to 8.1 percent nationwide in […]
Read MoreElectricity consumption reached a record level on December 11-12 in Kyrgyzstan. The Ministry of Energy reported. The ministry acknowledges that due to the onset of winter and a drop in air temperature, the population began to consume more electricity. As of December 12, at least 3,612 megawatts of electricity were consumed, daily electricity consumption reached 78,931 million kilowatt-hours. Such an indicator has never been registered in the history of Kyrgyzstan. The last […]
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