The Asian Development Bank (ADB) has raised its growth forecast for Uzbekistan for 2024 and 2025 after economic growth in the first half of 2024 outpaced expectations due to higher investment and strong expansion in industry. This was presented on 3 October by ADB Regional Lead Economist for the Central and West Asia Department Kiyoshi
IFC, a member of the World Bank Group, says it has signed an agreement with Ipak Yuli Bank to provide a syndicated loan of up to $42 million, aimed at increasing access to financing for smaller businesses and women entrepreneurs across Uzbekistan. With 25 percent of the funding earmarked for women-run businesses, this initiative is
The U.S. Institute of Peace (USIP) hosted a conference to discuss Kazakhstan’s experience in repatriation of citizens from conflict zones and their reintegration into society. The event in Washington on October 1 was attended by Ambassador of Kazakhstan to the United States, Yerzhan Ashikbayev, Acting U.S. Under Secretary of State for Political Affairs John Bass,
On October 3, 15 years ago, the Agreement on the Establishment of the Cooperation Council of Turkic-Speaking States was signed in the city of Nakhchivan, which later evolved into the Organization of Turkic States (OTS). The Organization of Turkic States currently comprising Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, Uzbekistan, and Turkmenistan, with Hungary and the Turkish Republic
On October 18-19, Decentrathon 2.0, Kazakhstan’s largest multi-location hackathon, will gather over 2,500 developers across 17 regions to compete for a $50,000 prize pool. Participants will tackle challenges in AI, Blockchain, GameDev, and Telegram mini apps. Additionally, a virtual job fair will offer developers the chance to connect with top companies and explore career opportunities
The World Intellectual Property Organization (WIPO) has officially launched the Global Innovation Index (GII) 2024. The event brought together leading experts and researchers and government representatives from around the world to discuss the key findings of the index and its implications for driving innovative development. This year, Kazakhstan took 78th place among 133 countries of
Thirty-three years ago, on October 2, 1991, Kazakhstan took a historic step into space when cosmonaut Tokhtar Aubakirov with his crew was launched aboard the Soyuz TM-13 spacecraft from Baikonur spaceport. As part of the crew, he spent a week on the MIR orbital station and returned on October 10. During this time, he conducted
A teacher in Tashkent was fined 6.8 million soms ($534) for hitting a sixth-grade student who asked why she did not speak Russian during a Russian-language class, RFE/RL’s Uzbek Service reported. A video of the incident оn September 23 went viral, leading to the dismissal of the school principal. Russian Foreign Ministry spokeswoman Maria Zakharova said on
An Uzbek-Indian business forum was held in Tashkent on September 27 under the co-chairmanship of Deputy Prime Minister of Uzbekistan Jamshid Khojayev and Minister of Finance and Corporate Affairs of India Nirmala Sitharaman. The forum was also attended by Deputy Minister of Investment, Industry and Trade of Uzbekistan Shokhrukh Gulamov, as well as about 100
The first meeting of the newly-established Coordination Council of Partners for the Development of the Water Sector took place in Astana on September 30. The meeting was organized by the Kazakh Ministry of Water Resources and Irrigation with support from the United Nations Development Programme (UNDP). The meeting gathered representatives from the UN, international organizations,
