To create a Horse Breeding Institute in Kazakhstan in the shortest possible time was a task set by President Kassym-Jomart Tokayev at the first forum of agricultural workers, held on November 15 in Astana. Fulfilling the task, the Kazakh Research Institute of Horse Breeding and Forage Production has been established in Aktobe, the Ministry of
The Asian Development Bank (ADB) has approved a $250 million policy-based loan to support the Government of Uzbekistan’s efforts to strengthen institutional frameworks for climate transition, enhance links and interaction of climate change adaptation priorities, and accelerate climate change mitigation actions. The Accelerating the Climate Transition Program will support the Government of Uzbekistan in three reform areas:
Turkmenistan remains the only state in Central Asia with no free economic zones operating in the country. Although the Law on Free Economic Zones (FEZs) was enacted in Turkmenistan in October 2017, no free economic zones are known to be in operation, according to the U.S. Department of State’s 2024 Investment Climate Statements: Turkmenistan. The
On November 13, Kazakhstan’s Prime Minister Olzhas Bektenov held a government meeting on the development of the industry of rare and rare earth metals. Kazakhstan is home to one of the world’s three full-cycle plants for the production of beryllium and scandium, and one of the world’s four tantalum and niobium production facilities. According to
On November 12, Kazakhstan’s Prime Minister Olzhas Bektenov took part in the opening of Korkyt Ata airport’s new terminal in Kyzylorda. The launch of the new terminal will increase the capacity of the air harbour from 300 thousand to 2 million passengers per year. The renovated Korkyt Ata terminal meets the high standards of the
The Asian Development Bank (ADB) and the Government of Kazakhstan have moved a step closer toward the possible early retirement of a coal plant in Kazakhstan under the bank’s Energy Transition Mechanism (ETM) program. Under a memorandum of understanding (MOU) signed at COP29 by ADB and Kazakhstan’s Ministry of Energy, the two sides will work toward a
The parties signed the relevant agreement at the UN Climate Change Conference (COP29) held in Baku. Kazakh Deputy Prime Minister and Minister of National Economy Nurlan Baybazarov noted that this is the largest project financed by the Islamic Development Bank in its history, the press service of the Kazakh Government reported. In addition, the Islamic Development
On November 10-11, a delegation from Uzbekistan, led by Minister of Investment, Industry, and Trade Laziz Kudratov, visited Qatar. The Uzbek delegation participated in the inaugural meeting of the Intergovernmental Commission on Economic Cooperation and attended the Uzbek-Qatari Business Forum, engaging in discussions with leaders from Qatar’s key companies. In his opening remarks at the Commission
In Xi’an (China), Yerzhan Yelekeyev, the Chairman of the Board of JSC National Company Kazakh Invest, took part in the opening ceremony of the office of Shaanxi Baosheng Silk Road Construction Engineering Co., Ltd, an independent partner of the national company in China. The Chinese company has opened a representative office within the framework of a cooperation
The Asian Development Bank (ADB) and Ipak Yuli Bank have signed a 625 billion Uzbek sum loan (equivalent to about $50 million) to enhance access to financing for urban micro, small, and medium-sized enterprises (MSMEs) in Uzbekistan. A majority of loan proceeds will be allocated to support financial inclusion for MSMEs, 60% outside the capital
