It appears that Uzbek government efforts to reorient labor migration patterns is starting to pay dividends. The volume of remittances from Europe and South Korea have experienced sharp increases during the first nine months of 2024. According to a report published by Gazeta.uz, the overall amount of money transfers in Uzbekistan totaled $11.62 billion during the January-September […]
Read MoreKharkhorum, the one-time seat of the vast Mongol Empire, was so renowned in its day that travelers from as far away as Europe entered its walls to pay tribute to the Great Khaan Ögödei. After more than a century of existence, the city was toppled by invading forces, but the Mongols never forgot their ancient […]
Read MoreThe World Bank Group published the “Mongolia Country Climate and Development Report” (CCDR), which details comprehensive reforms that complement Mongolia’s current climate and development strategies while balancing environmental concerns with economic growth. Mongolia faces unique challenges from both climate change and the global shift towards a low-carbon economy, underscoring the need for urgent actions to enhance […]
Read MoreBuilt as an outpost on the bank of the Irtysh River, Kazakhstan’s green city Pavlodar evolved from a merchant town to the core of the virgin land campaigns to become Kazakhstan’s northern center of metallurgy and just a peaceful city to live. Irtysh embankment in Pavlodar. Photo credit: Valeriy Bugayev/ortcom.kz. Click to see the map […]
Read MoreMinister of Finance of Mongolia Javkhlan Bold presented the draft State Budget for 2025 during the session of the Standing Committee on Economic Affairs of the State Great Khural of Mongolia, noting “The following budget of 2025 is notable by fully supporting regional development for the first time.” The Finance Minister noted, “The following year’s […]
Read MoreUzbekistan’s draft state budget for 2025, now open for public review, reveals plans to focus on economic growth, infrastructure, and social sector enhancements. The budget anticipates a 6% GDP growth rate alongside an inflation rate hovering around 7%, with the state aiming to maintain the budget deficit at 49.3 trillion UZS, or 3% of GDP. […]
Read MoreThe Trade and Development Bank of Mongolia (TDB) participated in the “Mongolia–France Business Meeting,” an event focused on fostering trade, financial, and economic development collaboration between Mongolia and the Republic of France. During the business meeting, TDB and BPIFrance, the French state-owned investment bank, signed a Memorandum of Strategic Cooperation. Through this strategic partnership, TDB […]
Read MoreAt the invitation of President of Mongolia Khurelsukh Ukhnaa, President of the Republic of Kazakhstan Kassym-Jomart Tokayev is on a State Visit to Mongolia. During the State Visit, the two sides signed documents on relations and cooperation between Mongolia and the Republic of Kazakhstan. The “Declaration on the Strategic Partnership between Mongolia and the Republic […]
Read MoreA source told TOLOnews that Oybek Usmanov has arrived in Kabul as the new Uzbekistan ambassador and is expected to present his credentials to the prime minister in the coming days. Usmanov succeeds Yadgar Shadmanov, the former ambassador to Afghanistan, who served for nearly twelve years in the country. So far, the Islamic Emirate has […]
Read MoreAt the invitation of President of Mongolia Khurelsukh Ukhnaa, President of the Republic of Kazakhstan Kassym-Jomart Kemeluly Tokayev will pay a State Visit to Mongolia between October 28-29, 2024. This State Visit takes place 16 years after the State Visit by the Head of State of Kazakhstan to Mongolia in 2008. During the State Visit, […]
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