Author: Carl Jose Austin

The International Finance Corporation (IFC) and the National Bank of Kyrgyzstan held a roundtable dedicated to open banking (API) trends, Trend reports. According to the National Bank of Kyrgyzstan, the event brought together representatives from commercial banks, payment system operators, payment organizations, and other stakeholders. Mels Attokurov, Deputy Chairman of the National Bank, emphasized that the rapid development of digital technologies is transforming the banking and financial sectors. He noted that open banking is one of the most significant steps in this evolution. Attokurov stated that implementing open APIs and standardizing interactions between banks and payment organizations will enhance service quality, increase…

Kazakhstan aims to boost output of metals needed for electric vehicle (EV) batteries and is issuing hundreds of new exploration licences to attract fresh investment in the sector, the country’s industry minister told Reuters. The former Soviet republic promotes itself as a dependable supplier of the majority of critical materials outlined by the European Union, at a time when Russia has threatened to curb exports and China is tightening control over rare earths. Kazakhstan has signed deals with the European Union and Britain on the supply of critical minerals. “People know that Kazakhstan is very reliable… We’ve been supplying markets for a very long time,”…

Frankfurt, Paris (18/8 – 62.50) Ukraine has scored a series of victories in more than a week since launching a lightning offensive into Russian territory. Now the stakes are rising as its forces prepare to defend their gains and Russia begins to regain its footing. Last week, Ukraine deployed thousands of troops to the Kursk region in western Russia, removing Russian flags from captured towns and taking the initiative from Moscow for the first time in months. On Wednesday, officials in Kyiv said Ukraine would use seized Russian territory as a “buffer zone” to shield its north from Russian strikes.…

Chairman of the Cabinet of Ministers and Head of the Presidential Administration of Kyrgyzstan Akylbek Japarov will pay a business visit to Urumqi city in the Xinjiang Uygur Autonomous Region of China, Trend reports. Furthermore, Japarov will take part in the 8th international exhibition, “China-Eurasia EXPO: New Opportunities on the Silk Road and New Vitality for Eurasia”. The bilateral meetings are also planned to discuss the progress of projects and cooperation in the political, economic, cultural, humanitarian, and security spheres. Moreover, meetings of the Chairman of the Cabinet of Ministers with the heads of large corporations and companies are expected. Several documents…

The 3rd meeting of the Kyrgyz-Hungarian intergovernmental commission for economic commission will be held on November 14 in Bishkek. The meeting will be co-chaired by Minister of Economy and Commerce of Kyrgyzstan Daniyar Amangeldiev and Secretary of State for Bilateral Relations of the Ministry of Foreign Affairs and Trade of Hungary Tamas Mencer. The countries will review relevant aspects of bilateral cooperation, implementation of the agreements, prospects of deepening of cooperation in priority areas. The protocol of the meeting will be signed following the talks, which will include cooperation in trade, economy, investments, agriculture, tourism, environment, pharmaceuticals, education, energy and other.…

This Tuesday, Kyrgyzstan’s parliament is set to hold the first reading of the highly repressive “foreign representatives” draft law, which would interfere with the activities of nongovernmental organizations receiving funding from abroad. If adopted, the bill would have a chilling effect on Kyrgyzstan’s vibrant civil society, curbing their ability to defend the human rights of ordinary citizens, provide social services, and contribute to the development of a robust and inclusive society. On Friday, the spokesperson for the United Nations High Commissioner for Human Rights expressed “serious concerns” about the bill and said it should be withdrawn. This follows an October 6…

Kyrgyzstan plans to cooperate with Electricite de France. This was reported by the press service of the Ministry of Foreign Affairs. Today in Bishkek there was a meeting between Deputy Minister of Foreign Affairs Aibek Moldogaziev and the representative of the largest state-owned energy generating company in France, Electricite de France (EDF) in Central Asia, Pierre-Paul Antonissens and the French Ambassador to the Kyrgyz Republic Francois Delaus. The parties discussed economic cooperation in the energy sector and emphasized mutual interest in implementing joint projects in Kyrgyzstan with the participation of EDF, as well as further steps in this direction. They also…

Accor has signed a cooperation agreement with Kyrgyz real estate firm SK Development to open the first Swissôtel in the central Asian country. The new 100-room premium hotel will open on the shore of Issyk-Kul Lake, one of the largest lakes in the region, in 2026. Going for golf Combining Swiss hospitality, excellent service and stylish modern design, the five-star Swissôtel Issyk-Kul Lake will be designed to offer exceptional recreational and wellness services. The hotel will be located by Kyrgyzstan’s first international golf resort, in the country’s northeast, featuring an 18-hole course, a golf academy and extensive infrastructure. With a total area…

Kyrgyzstan received $4.2 billion from international organizations in 2022-2023. This was reported by the Geostatistics Telegram channel. According to him, in 2022-2023, international organizations collectively rank second after the United States in terms of funding programs and projects for humanitarian cooperation and development assistance in post-Soviet regions. The main recipients this time were Ukraine, Uzbekistan, Kyrgyzstan, Moldova and Kazakhstan. The largest actors in terms of the number of projects and volumes of funding were the World Bank Group, including the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development and the Asian Development Bank. Source : 24.KG

13 fires were recorded on the territory of Kyrgyzstan in a day. 18 fire brigades were involved in extinguishing them, the Ministry of Emergency Situations reported. 3 fires occurred in Jalal-Abad region, 3 in Bishkek, 2 each in Chui, Osh and Batken regions, and 1 in Osh city. Garbage on 60 square meters, two 40-ton containers at the Stolny bazaar and the roof of the laundry room of the maternity hospital burned down at the intersection of Beishenaliev and Moskovskaya streets. Plastic doors and windows of the balconies of apartments in a multi-storey building, household items and clothing burned down on Tynaliev Street.…