On Thursday, an official ceremony was held at the presidential administration in Bishkek, attended by the head of state, Sadyr Zhaparov. During the event, participants symbolically pressed the launch button, after which 50 million USDKG tokens were released into circulation on the Tron network, each of which corresponds to one US dollar and is fully backed by gold reserves.
According to the report, USDKG is designed as a transparent, secure, and stable digital currency that combines the reliability of gold with the efficiency of blockchain technology. The launch of the stablecoin should strengthen Kyrgyzstan’s position in the global financial ecosystem and lay the foundation for the development of Web3 infrastructure and decentralized services through which government agencies and businesses will be able to interact based on blockchain solutions.
The presidential administration notes that the new instrument is designed to increase the country’s investment attractiveness by creating conditions for capital inflows and technological partnerships. The authorities expect that the availability of a stablecoin backed by real assets will strengthen confidence in financial innovations and demonstrate the possibility of combining digital tools with material support in the interests of sustainable economic development.
The issuer of USDKG is JSC “Virtual Asset Issuer” with 100% state participation. The ceremony was attended by Kyrgyzstan’s Minister of Finance Almaz Baketaev and the company’s CEO Biibolot Mamitov, as well as representatives of the Gold Dollar project, who are involved in the technical and international aspects of the stablecoin’s implementation. In official materials, the project is positioned as the world’s first state-owned stablecoin backed by physical gold and pegged to the US dollar.
In the Suzak district of the Jalal-Abad region of Kyrgyzstan, construction has officially begun on major railway facilities for the China-Kyrgyzstan-Uzbekistan railway.
As part of the construction of this railway, three tunnels with a total length of over 10 km are planned to be built, including: Tunnel No. 1 Naryn (Jaman-Dawan) – 12.5 km; Koshtoba (Kazarman) tunnel – 13.2 km; Fergana mountain tunnel – 12.2 km. The total length of this railway project is 532.53 km.
CHINA, CONSTRUCTION, KYRGYZSTAN, RAILWAY, tunnels, UZBEKISTAN
The Embassy of Kyrgyzstan in Ukraine celebrated the 100th anniversary of the formation of the Kara-Kyrgyz Autonomous Region with a solemn event held at the National Library for Children in Kyiv. The central event was the summing up of the All-Ukrainian Children’s Drawing Contest dedicated to the works of Chingiz Aitmatov, timed to the 95th anniversary of the great writer.
The contest brought together more than 1.5 thousand children from all regions of Ukraine. Of these, 113 participants who passed the regional qualifiers were awarded prizes from the Embassy. The event was attended by more than 30 finalists and winners together with their parents, as well as representatives of the diplomatic corps, international organizations, political and public figures of Ukraine. Representatives of the Kyrgyz diaspora also took an active part.
Askar Aitmatov, President of the Aitmatov International Issyk-Kul Forum, addressed the participants with a special video message. As part of the celebrations, young artists who came to Kyiv received valuable gifts, and adults who made a significant contribution to the popularization of Turkic-language literature were awarded medals from the international organization TURKSOY and the Aitmatov Foundation.
The Embassy presented a unique almanac, which includes the best children’s works. The publication is planned to be handed over to educational institutions in Kyrgyzstan, Ukraine and the European Union, contributing to the dissemination of the cultural heritage of Chingiz Aitmatov and strengthening ties between peoples.
During the event, the importance of cultural diplomacy as a powerful tool for strengthening friendly relations between countries was repeatedly emphasized. The event was well received by the Ukrainian media, becoming an example of successful interaction between the two nations through art and literature.
The contest was an important step in popularizing Turkic-language literature, including the works of Chingiz Aitmatov, in Ukraine. It also contributed to strengthening cultural ties between Kyrgyzstan and Ukraine by emphasizing the role of art in intercultural dialogue.
The event was held in compliance with all security measures appropriate to wartime conditions and demonstrated the importance of cultural cooperation in difficult times.
Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:
The results of the survey are as follows:
Completely positive – 6.2%.
Mostly positive – 26.8
Mostly negative – 18.9 %.
Completely negative – 5.7
Difficult to answer – 42.3%.
Positive – Negative – 8.4
On September 19, 1992, diplomatic relations were established. In 1993, the Embassy of the Kyrgyz Republic was opened in Kyiv, and in 2000, the Embassy of Ukraine in Kyrgyzstan.
The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at
President of Ukraine Petro Poroshenko has appointed Ambassador of Ukraine to the Kyrgyz Republic Valeriy Zhovtenko. Relevant presidential decree No. 264/2018 dated August 30, 2018 was made public on the website of the head of state on Thursday. “Appoint Valeriy Tymofiyovych Zhovtenko extraordinary and plenipotentiary ambassador of Ukraine in the Kyrgyz Republic,” the document says.
