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Business & Economy KZ

Kazakhstan to build new reservoirs and irrigation canals

In 2025, Kazakhstan plans to build 1,953 km of irrigation canals to provide water to 256,000 hectares of farmland, Minister of Water Resources and Irrigation Nurzhan Nurzhigitov announced at a government meeting on March 4. This year, as part of the first phase of the Water Resources Management Program for 2024-2030, the Ministry of Water

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Business & Economy UZB

Uzbekistan reviews efforts to combat corruption

On March 5, President of Uzbekistan Shavkat Mirziyoyev attended a meeting of the National Council on Combating Corruption. The meeting analyzed the work carried out on creating corruption-free environment and defined further goals. In his speech, the head of state mentioned that corruption is a serious challenge in the course of reforms. Uzbekistan has taken

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Business & Economy Eurasia KG TJK

CASA-1000 electricity transmission project 70% complete in Afghanistan

Afghanistan’s Ministry of Energy and Water says that 70% of the CASA-1000 electricity transmission project in Afghanistan has been completed, TOLOnews reported. According to the ministry, if the World Bank provides the necessary funding, the Afghan government is prepared to complete the remaining work on this project. This major regional project, which connects Tajikistan, Kyrgyzstan,

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Business & Economy KG

Kyrgyzstan imported 3.6 billion kWh of electricity in 2024

In 2024, Kyrgyzstan consumed 18.3 billion kilowatt-hours of electricity, 1.1 billion kWh more than in 2023, the country’s Ministry of Energy said. Kyrgyzstan’s hydroelectric power plants generated 12.77 billion kWh and coal-fired thermal power plants produced 1.76 billion kWh. In addition, small private hydroelectric power plants produced 156.2 million kWh, while solar power plants added

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Business & Economy Eurasia KZ

Kazakhstan and China plan new container trains to link Central Asia and China

KTZ Express, a subsidiary of Kazakhstan’s national railway company Kazakhstan Temir Zholy (KTZ), and major Chinese operator Yiwu Timex have discussed expanding cooperation in the field of international transportation with a focus on the development of the Trans-Caspian International Transport Route (TITR) and new logistics services for deliveries to Central Asian countries, the KTZ press

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Business & Economy KZ

China’s Fujian Hengwang Investment to build metallurgical plant in Kazakhstan

Prime Minister of Kazakhstan Olzhas Bektenov last week met with Zeng Zhaoqiang, the Chairman of the Board of Fujian Hengwang Investment Co., Ltd, one of the leading metallurgical companies in China. The meeting discussed the construction of a metallurgical plant with a capacity of 3 million tons of steel on the territory of the special

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Business & Economy KZ

EDB invested $1.4 billion in Kazakhstan projects in 2024

On February 26, Olzhas Bektenov, Prime Minister of Kazakhstan, met with Nikolai Podguzov, Chairman of the Eurasian Development Bank’s (EDB) Management Board, to discuss further cooperation on joint projects.  In 2024, the Bank allocated nearly US $1.4 billion to projects in Kazakhstan. Over the past three years, the Bank’s total investment in the country has reached

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Business & Economy KG KZ

Kazakhstan and Kyrgyzstan sign roadmap for small hydropower plants construction

As part of the visit of Adylbek Kasymaliyev, the Chairman of the Cabinet of Ministers of Kyrgyzstan, to Kazakhstan on February 25, the Kazakh and Kyrgyz energy ministries signed a roadmap for construction of small hydroelectric power plants in Kyrgyzstan. According to the Kazakh Energy Ministry, the initiative is aimed at strengthening cooperation between the

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Business & Economy KG

Kyrgyzstan will pay off its foreign debt by 2035, President Japarov says

In an interview with the Kabar information agency, Kyrgyzstan President Sadyr Japarov said that the country’s external debt is “not a problem.” According to Japarov, Kyrgyzstan’s external debt now stands at $4.5 billion. “We are not afraid of the external debt now. Before 2020, we had reasons to worry. In 2020, Kyrgyzstan’s state budget was

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Business & Economy UZB

ADB supports digital transformation of water sector in Uzbekistan

The Asian Development Bank (ADB) has approved a $125 million loan to support the Government of Uzbekistan in modernizing water management, improving water security, and increasing access to safe and reliable water in the country.  The Climate-Smart Water Management Improvement Project will improve asset management and sustainability of service delivery, while strengthening the institutional capacity of the

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Business & Economy KZ

Kazakhstan: 98.9% of population have access to drinking water supply

In 2024, 98.9% of all Kazakhstanis had access to centralized water supply services. Of them, 99.4% of urban and 97.8% of rural residents are provided with quality drinking water supply, according to the Ministry of Water Resources and Irrigation. In 2020, 93.8% of Kazakhstanis had access to drinking water supply, in 2021 – 95.6%, in

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Business & Economy UZB

Afghan delegation visits Uzbekistan

A high-ranking delegation of Afghanistan, led by Mullah Abdul Ghani Baradar, deputy prime minister for economic affairs, visited Uzbekistan late last week, TOLOnews reported. Mullah Baradar described the visit as productive, stating that during negotiations with Uzbek officials, agreements were reached on expanding trade, importing electricity, exporting Afghanistan’s agricultural products, developing transportation, and constructing a

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Business & Economy UZB

Uzbekistan to improve its energy efficiency

At a government meeting on February 19, President Shavkat Mirziyoyev listened to proposals for improving energy efficiency in Uzbekistan. In Uzbekistan, energy capacities are consistently increasing in line with the growing needs of the population and the economy. Last year, 50 billion cubic meters of natural gas and 81 billion kilowatt-hours of electricity were produced.  According

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Business & Economy KG

New railway to be built in Kyrgyzstan

A public-private partnership agreement on the “Trans-Eurasian Route” railway project was signed in Bishkek on February 19 between the National Investment Agency under the President of the Kyrgyz Republic, Kyrgyzstan’s national railway company Kyrgyz Temir Zholu, and US-based consortium All American Rail Group Global Infrastructure Partner LLC, the National Investment Agency announced. The project will

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Business & Economy KZ

Chinese company to implement large metallurgical project in Kazakhstan

The Ministry of Foreign Affairs of Kazakhstan on February 18 hosted the signing of an agreement for the implementation of an investment project for the production and deep processing of non-ferrous metals in Kazakhstan with China’s East Hope Group, a leading global manufacturer of non-ferrous metals, semiconductor technologies, and industrial innovations. The signing ceremony was

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Business & Economy UZB

Islamic Development Bank to finance Uzbekistan’s education, road infrastructure

The Islamic Development Bank (IsDB) and the Government of Uzbekistan have signed two agreements to enhance the country’s education and road infrastructure sectors. The signing took place on the sidelines of the Al-Ula Conference for Emerging Market Economies between IsDB Group Chairman, Dr. Muhammad Al Jasser, and Uzbekistan’s Deputy Prime Minister & Minister of Economy

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Business & Economy KZ

Kazakhstan to supply uranium to Swiss nuclear power plants

Kazakhstan’s national atomic company, Kazatomprom, has announced the signing of the first-ever contract with Switzerland-based Axpo Power AG, alongside Kernkraftwerk Leibstadt AG (KKL AG), for the supply of Kazakh natural uranium concentrates for the energy needs of Switzerland’s Beznau and Leibstadt nuclear power plants. Vladislav Baiguzhin, Chief Commercial Officer of Kazatomprom commented that the expansion

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Business & Economy KZ

Kazakhstan adopts water saving in agriculture

According to local executive bodies, in 2024 Kazakhstan introduced water-saving technologies on 158,000 hectares of agricultural land. Sprinkler irrigation systems were used on 56,000 hectares of farmland and drip irrigation systems on 44,000 hectares. President Kassym-Jomart Tokayev earlier criticized the slow progress in adopting water-saving practices, citing annual water losses of up to 40% in

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Business & Economy KG

Kyrgyzstan to modernize airport in Osh

Kyrgyzstan President Sadyr Japarov on February 14 laid the foundation stone for the construction of a new airport complex at the International Airport of Osh, the country’s second-largest city. According to the presidential press service, the new terminal will have more comfortable conditions for passengers, including a spacious hall, modern check-in areas, a food court,

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Business & Economy UZB

Uzbekistan-Kuwait business forum identifies new areas of cooperation

On February 15, prior to an official visit of Uzbekistan President Shavkat Mirziyoyev to Kuwait, an Uzbek-Kuwaiti business forum took place in Al-Kuwait, the capital of this country. The event was attended by leaders from ministries and agencies, industry associations, and representatives from over 100 major companies and financial institutions from both countries. The delegations

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