Author: Akaner Firat

The Senate at today’s plenary session passed the amendments to the Currency Regulation Law, the press service of the Senate said earlier. Chairperson of the Senate Committee on Budget and Economic Reforms Erkin Gadoev stressed that if a businessperson sends his goods abroad and does not receive money for it within a certain time, then he used to be fined. By a presidential decree of September 30, 2022 on boosting the export potential of businesses, it was established that from November 1, 2022, if the amount of currency not received under one export contract does not exceed 5% of the…

Shareholders of Uzagroexportbank at the Aug 10 shareholder meeting approved the change of the bank’s name and rebranding. The bank’s name has been changed to AVO Bank. While, the maximum amount of declared bank shares has been raised to 200 billion ordinary shares worth 20 soums each. The bank is part of the AVO group of companies together with the IT company AVO Services and Technology. The name AVO is an abbreviation for the word “havo”, which means “air” in Uzbek. “Just as the air is weightless, omnipresent, and clean, so the financial services we provide are accessible, understandable and easy…

Yesterday, on August 1, President Shavkat Mirziyoyev got acquainted with a presentation on measures to increase reserves and increase the volume of development of minerals. According to the press service of the head of state, over the past six years, 15 new kaolin processing projects worth $148 million have been launched in the country. As a result, the production volume of finished products from it almost doubled, exports reached worth of US$ 65 million. During the same period, the volume of coal production increased 1.4 times and reached 5.4 million tons. During the presentation, the president was briefed on plans…

Frankfurt, London (12/08 – 80) It seems that the Aga Khan Development Network (AKDN) has become a hostage to its investments in Tajikistan. In mid-July, the Prosecutor’s Office of the Gorno-Badakhshan Autonomous Oblast (GBAO) appealed to the Supreme Economic Court of Tajikistan with a demand to annul the land certificate for the campus of the University of Central Asia in Khorog, which is owned by the Aga Khan Development Network (AKDN). The university’s administration, local authorities, and the prosecutor’s office have not commented on this matter. However, it is evident that if the authorities manage to revoke the land certificate,…

A total of 833 people have been referred to medical centers in the southeastern Iranian province of Sistan and Baluchestan over the past five days due to health problems caused by sand storms, Iran’s IRIB news agency reported on Thursday. Majid Mohebi, head of the province’s Disaster Mitigation and Management Organization, told IRIB that 128 of those people had been hospitalized mostly for breathing problems, heart or eye conditions caused by the sand storms. Seyed Mohammad Mehdi Sajjadi, the head of the Sistan and Baluchestan Red Crescent Society, said that more than 6,000 face masks were provided to local residents…

The ports of Ambarlı, Kocaeli, Mersin, and Tekirdağ have been ranked in Lloyd’s List “World’s Top 100 Ports,” one of the oldest and most prominent maritime publications in the world, Transportation and Infrastructure Minister Abdulkadir Uraloğlu announced. In the world’s top 100 ports report prepared by Lloyd’s List, four ports from Türkiye made it into the ranking in 2022. Container handling ports located within the administrative boundaries of Ambarlı, Kocaeli, Mersin and Tekirdağ port authorities were ranked among the world’s best in the evaluation made according to their handling numbers. While Ambarlı Port ranked 74th in the list, Kocaeli Port ranked 89th,…

The Turkish Air Force Command plans to modernize 165 F16 jets with block levels of 30, 40 and 50, gradually transforming them into powerful viper level warplanes by the year 2030, local media has reported. The move comes as part of Türkiye’s efforts to bolster its air combat capabilities in the face of potential weaknesses resulting from its exclusion from the F35 program. As the country’s fifth generation national combat aircraft, or MMU, is set to be introduced into service between 2028 and 2030, the focus is on upgrading the existing F16 fleet to 4+ generation level, daily Milliyet wrote. The modernization project aims to…

Two QAZAQ AIR flights were in Kazakhstan for the first time, the crew of which was entirely female, writes Vc.ru. Crew commander Ekaterina Sverchkova and co-pilot Azhar Nessipbayeva flew on the routes Astana – Petropavlovsk – Astana and Astana – Omsk – Astana. The crew also included two female flight attendants. Ekaterina Sverchkova has been working at QAZAQ AIR since 2018, and her passion for parachuting led her to aviation. According to her, she has never encountered gender stereotypes or prejudice in her work. Source: Turkmen Portal

Iran and Russia has agreed to launch direct flights between more cities, Iranian Civil Aviation Organization (CAO) chief said Friday. Mohammad Mohammadi Bakhsh, who is also the deputy roads and urban development minister, made the remarks in an interview with the official news agency IRNA, commenting on the agreements reached during his visit to Russia in April. The flights expansion was already on the agenda and will be achieved through the cooperation of the two countries’ airlines, Mohammadi Bakhsh added. He said during the visit, Iran and Russia reached cooperation deals on pilot training and aircraft repair and maintenance. The…

Approximately 6,900 hectares of land have been reduced into ashes in 1,022 forest fires since the beginning of the year, with a significant portion of this damage occurring during the fires that took place between July 10 and 18, Agriculture and Forestry Minister İbrahim Yumaklı has informed. “Last year during the same period, a total of 1,092 wildfires broke out and 8,100 hectares of land were damaged. The decrease in the number of forest fires and the affected area compared to last year is due to the preventive measures taken,” Yumaklı said during his speech at an event organized for the start of wheat…