Uzbekistan President and German Chancellor sign migration agreement to facilitate legal migration

On Sunday, September 15, in the city of Samarkand, German Chancellor Olaf Scholz and Federal Minister of the Interior and Community Nancy Faeser signed a migration agreement with President Shavkat Mirziyoyev, AFP reported citing a representative of the German government. The new agreement, prepared over several months, is expected to simplify the legal migration of […]

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Kyrgyzstan reduces import of shoes from Turkey by 1.5 times in seven months

Kyrgyzstan reduced its import of shoes from Turkey by 1.5 times in seven months of 2024, according to the National Statistics Committee. Kyrgyzstan purchased 2.3 million pairs of shoes from Turkey for $5.2 million in January-July. Last year, 3.5 million pairs of shoes were imported for $8.8 million. Despite this decline, Turkey remains the largest […]

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Turkmenistan participated in the 16th Session of the OTIF General Assembly in Bern

Representatives of the Türkmendemirýollary (“Turkmenistan Railways”) Agency took part for the first time in the meeting of the leaders of the 16th session of the General Assembly of the Intergovernmental Organization for International Carriage by Rail (OTIF), which was held from September 25 to 26 in Bern, Swiss Confederation. This was reported to “Turkmenportal” by […]

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Demand for power in Uzbekistan will steadily grow by 7.5% per year : Energy Minister

Demand for power will steadily grow by 7.5% annually until 2030, the Energy Minister Jurabek Mirzamakhmudov said at the Russian Energy Week on September 26. “We project that demand will grow by about 7.5% per year until 2030. Now we have 7-8% annually,” he said. According to him, in such conditions, the introduction of new […]

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President of the Socialist Republic of Vietnam to Pay a State Visit to Mongolia

At the invitation of President of Mongolia Khurelsukh Ukhnaa, President of the Socialist Republic of Vietnam and General Secretary of the Vietnamese Communist Party To Lam will pay a State Visit to Mongolia on September 30-October 1, 2024. During the State Visit, President of Mongolia Khurelsukh Ukhnaa and President of the Socialist Republic of Vietnam […]

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Mongolia’s Credit Rating Upgraded to “B+ Stable”

After a decade, Fitch Ratings has upgraded Mongolia’s credit rating to “B+ with a stable outlook,” indicating improved economic conditions. This upgrade suggests that Mongolia’s economic performance is approaching levels last seen in 2012. Prime Minister Oyun-Erdene Luvsannamsrai highlighted that this positive development will boost the implementation of 14 mega-projects announced by the Government. A […]

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President of Mongolia Meets Prime Minister of Japan

On the sidelines of the UN Summit of the Future in New York City, President of Mongolia Khurelsukh Ukhnaa received Prime Minister of Japan Fumio Kishida on September 24, 2024. President of Mongolia Khurelsukh Ukhnaa commended the deepening of relations between Mongolia and Japan, which share common democratic values, under the “Special Strategic Partnership for […]

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Malaysian firm vows to help expand drone use in Uzbek agricultural sector

Memorandum of Understanding was signed between the Ministry of Agriculture and the Malaysian major robotics firm Meraque Group. This MoM is aimed at improving the Uzbekistan’s agricultural sector, which includes 4.3 million hectares of cultivated land. Meraque Group vowed to invest 20 million Malaysian ringgits in the next three years to set up a production […]

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Loan Quality Improves in Mongolia

Mongolia’s banking sector grew by 30 percent in the first half of 2024. Amar Lkhagvasuren, Executive Director of the Mongolian Bankers Association, noted during the presentation of the Association’s review on the sector for the first half of 2024 that the increasing credit growth, while GDP is at 5 percent and inflation is at 5.5 […]

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