The European Bank for Reconstruction and Development (EBRD) has welcomed plans by a series of new investors to inject up to $110 million into Uzbekistan’s leading food retailer, Korzinka. In one of the largest private investments in the country in recent years, Abu Dhabi Uzbek Investment, and a consortium of Omani Sovereign investment funds, led
The Ministry of Ecology and Natural Resources of Kazakhstan, in collaboration with Zhasyl Damu JSC, and with the support of the World Bank, has launched the Partnership for Market Implementation Project aimed at advancing Kazakhstan’s carbon market and supporting the country’ transition to green and resilient growth, the World Bank reported. Kazakhstan has been a
In 2024, Bishkek municipal services shot 14,378 stray dogs in the Kyrgyz capital, raising criticism from animal rights activists who consider shootings an inhumane and ineffective way of solving the problem of stray animals. However, the Bishkek municipality insists that the city has no money for alternative solutions. According to the Bishkek municipality’s program for
On April 1, the President of Tajikistan, Emomali Rahmon attended a ceremony to lay the foundation stone for the construction of an iron ore enrichment plant of CJSC Tajik Metallurgical Plant in Bobojon Ghafurov district, the first ore enrichment plant in Tajikistan since independence. The plant will be built with domestic and foreign capital and
A delegation from Uzbekistan, led by Minister of Investment, Industry, and Trade Laziz Kudratov, participated in the first meeting of the Joint Economic Committee, the “Uzbekistan Investment Potential Days” event with British business representatives, and several high-level meetings with executives of leading UK companies in London, the Uzbek government portal reported. During the Committee meeting,
As part of the AlmatyFair.ai exhibition, a signing ceremony was held on March 28 for an investment agreement between the Government of Kazakhstan and Singapore-based GK Hyperscale Ltd for the construction and operation of two hyperscale data centers. The agreement was signed by Kazakhstan’s Minister of Digital Development, Innovations, and Aerospace Industry, Zhaslan Madiyev, and
On March 29, the Ministry of Investment, Industry and Trade of Uzbekistan held a briefing on the upcoming Tashkent International Investment Forum, one of the most significant international events in the country’s economic landscape. Minister of Investment, Industry and Trade Laziz Kudratov announced that the IV Tashkent International Investment Forum will take place from June
The following article by Roger Holland, Founder & Managing Partner of a leading property advisory firm, published in the latest issue of OCA Magazine, provides an insight on Central Asia’s growing real estate market: For many, the housing and wider real estate markets have had a miserable year. Interest costs have increased alongside inflation of
According to the World Bank’s representative office in Uzbekistan, Tashkent recently hosted a presentation of the World Bank’s new report analyzing current migration trends, challenges, and opportunities in the Europe and Central Asia region. The report highlights that labor migration remains one of the key sources of income for millions of citizens in Central Asian
On March 27, Uzbekistan President Shavkat Mirziyoyev listened to a government report on the fulfillment of tasks aimed at the development of nuclear energy in the country. Over the past five years, due to the implementation of a number of major energy projects, electricity production in Uzbekistan has increased by 30 percent and reached 81.5
The Eurasian Development Bank (EDB) and the Ministry of Economy and Commerce of the Kyrgyz Republic have signed a technical assistance agreement to develop a pre-feasibility study for the Suusamyr-Kokomeren HPP Cascade Project. This agreement builds on the ongoing cooperation between the Bank and the Ministry under the Memorandum of Cooperation signed in December 2024.
The Afghan Ministry of Mines and Petroleum says that the largest investments in Afghanistan’s mining sector have been made by companies from Uzbekistan, China, Turkey, and Iran, TOLOnews reported. Hayatullah Afghan, spokesperson for the Ministry of Mines and Petroleum, stated that the total value of these investments is estimated at $8 billion. These companies have
The U.S. Embassy in Tashkent has announced the establishment of Honeywell Industrial Automation LLC, a new legal entity that marks a significant milestone in the United States’ commitment to mutually beneficial commercial ties with Uzbekistan. This expansion underscores the United States’ position as a business partner of choice and highlights American excellence in advanced industrial
Xinjiang Lihua (Group) Co., Ltd., one of the largest cotton-industry companies in China, is building a cotton-textile cluster in the Turan special economic zone in the Turkestan region of southern Kazakhstan. According to the Kazakh Ministry of Agriculture, the project is developing a full production cycle — from cotton cultivation to the production of finished
From March 14 to 20, the Uzbek Ministry of Investment, Industry, and Trade organized the second monitoring visit of the European Commission delegation to Uzbekistan as part of the GSP+ system. In April 2021, Uzbekistan was granted beneficiary status under the Generalized System of Preferences Plus (GSP+). This status allows the country to export more
The European Bank for Reconstruction and Development (EBRD) says it is providing a loan of up to US$ 10 million to Empire Manufacturing Kazakhstan (EMK) that will enable the company to begin coffee production at modernized facilities and create jobs. The EBRD’s senior loan will help EMK commission, build and equip a new coffee-processing facility
According to the Kazakh Ministry of Agriculture, over the past five years, Kazakhstan’s agricultural exports have grown by 51%, reaching $5.1 billion in 2024. The geography of exports covers 66 countries. The main sales markets remain the neighboring countries of Central Asia, Eurasian Economic Union (EAEU) countries (Armenia, Belarus, Kyrgyzstan, and Russia), as well as
On March 19, Uzbekistan’s Minister of Investment, Industry, and Trade Laziz Kudratov held a meeting with Timothy Smart, the Ambassador Extraordinary and Plenipotentiary of Great Britain to Uzbekistan. The discussion focused on key issues related to trade, economic, and investment cooperation, as well as the coordination of the event schedule for 2025. The parties emphasized
The European Bank for Reconstruction and Development (EBRD) and the European Union are helping to improve water conveyance infrastructure for better water resource management, promote sustainable agriculture and create new jobs in Kyrgyzstan by financing the reconstruction and automation of a section of the Western Great Chui Canal, the EBRD announced. A financial package of up
The European Bank for Reconstruction and Development (EBRD) and the European Union are promoting sustainable water resource management and agriculture by financing upgrades to existing water conveyance infrastructure in Kyrgyzstan and helping to build new infrastructure in this area, the EBRD said. A financial package of up to €37.96 million, consisting of EBRD loan of €26.93
