The government of Uzbekistan and a consortium of companies including Abu Dhabi Sustainable Water Solutions (UAE), SUEZ (France) and Marubeni (Japan) have signed a Joint Development Agreement for the construction of a new modern wastewater treatment plant in the Kuichirchik district of the Tashkent region, the Uzbek Ministry of Investment, Industry and Trade said. SUEZ
The Eurasian Development Bank (EDB) has released the latest Macroeconomic Review for the Bank’s six member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. EDB’s analysts note that most member countries continue to display robust growth: the aggregate GDP of the EDB’s region of operations increased by 4.6% YoY in January-June 2024, after an increase
In the first half of 2024, Kyrgyzstan imported 2.02 billion kWh of electricity, including 909.8 million kWh from Russia and Kazakhstan, 837.5 million kWh from Turkmenistan, and 275.3 million kWh from Uzbekistan, Kyrgyz Minister of Energy Taalaibek Ibrayev told a press conference in Bishkek earlier this month. In 2023, electricity imports amounted to 3.2 billion
A number of documents were signed for Turkish investments in Kazakhstan’s agro-industrial sector and trade in agricultural products for a total of $2 billion during a visit of Kazakh Minister of Agriculture Aidarbek Saparov to Turkey on August 12. With the participation of Turkish investors, six projects have already been implemented in Kazakhstan, and 10
The only mobile network operator in Turkmenistan, Altyn Asyr, has stopped selling SIM cards to clients, citing a limited capacity for new telephone numbers, RFE/RL’s Turkmen Service reported. Residents of the Turkmen capital, Ashgabat, told RFE/RL that many teenagers who became eligible to purchase telephones and SIM cards after they reached 16 and obtained their
The United Nations Development Programme (UNDP) in Kazakhstan has presented the results of the project to reduce the risks of investing in renewable energy technologies. At the final event of the project, which was implemented by UNDP in partnership with the Ministry of Energy of Kazakhstan and with financial support from the Global Environment Facility
Uzbekistan President Shavkat Mirziyoyev has signed the law “On recognition of ownership rights to illegally seized land plots and buildings built on them.” Many citizens of the country waited for this law for a long time, as it concerns the lives of millions of families. According to preliminary estimates, there are currently more than 3.6
Travel on the planned highway that will connect Kazakhstan’s largest city, Almaty, and Kyrgyzstan’s Lake Issyk-Kul would cost between $10 and $25, Tazabek news agency reported citing Kylychbek Jakypov, the Asian Development Bank’s (ADB) representative and national coordinator of Almaty-Bishkek Economic Corridor. Almaty is only 80 kilometers away from Issyk-Kul, which is renowned for its
The European Bank for Reconstruction and Development (EBRD) says it is making its first direct equity investment in the graphite and critical raw materials sector in Central Asia by acquiring a stake in Sarytogan Graphite Limited, an Australian Securities Exchange-listed company involved in the exploration of the Sarytogan graphite deposit in the Karaganda region of central Kazakhstan. The
On August 9, Astana hosted a business forum in the framework of the “Central Asia + Japan” dialogue. The event, organized by national company Kazakh Invest and Japanese association ROTOBO, was an important platform for strengthening trade, economic and investment ties between the countries of the region and Japan, Kazakh Invest reported. Speaking at the event,
At the Kazakhstan-Uzbekistan business forum in Astana on August 7, the two countries agreed on joint implementation of 34 investment projects worth $4.4 billion and signed trade contracts worth $2.6 billion. As reported by the Kazakh government’s press service, the joint projects will be implemented in energy, mining and geology, transport, chemical industry, construction, electrical
Kazakhstan’s Ministry of Transport says works have begun on dredging the port of Kuryk on the Caspian Sea coast. The bottom at the port will be deepened by 1.5-2 meters, which will increase its cargo transshipment capacity and further increase the potential of the Trans-Caspian International Transport Route (TITR). A large European company, Jan de
The Asian Development Bank (ADB) on 6 August said it has approved a $21 million grant as additional financing to expand the supply of renewable energy in Tajikistan by further modernizing the Golovnaya hydropower plant. “The electricity from the Golovnaya hydropower plant goes to national and regional grids, benefiting Tajikistan and neighboring countries,” said ADB Director General
On August 5, the French transport and logistics airline CMA CGM Air Cargo made its first flight on the Zhengzhou (China)-Navoi (Uzbekistan)-Paris (France) route. The French aircraft landed in Navoi at 06:27 local time. According to tradition, the cargo aircraft was greeted with a water arch, the Uzbekistan Airports Joint Stock Company reported. It is
The United Nations Development Programme (UNDP) in Turkmenistan, as part of the Country Component for Turkmenistan of the regional project “Promoting Resilient Communities to Prevent Violent Extremism in Central Asia,” hosted a series of mentoring trainings for youth on the fundamentals of sustainable agriculture. These trainings, held from July 22 to July 30, 2024, in the
Turkmenistan President Serdar Berdimuhamedov on July 31 in Ashgabat met with the Minister of Energy and Natural Resources of Türkiye, Alparslan Bayraktar. During the meeting, the Turkmen president said that Turkmenistan is ready to continue cooperation with Türkiye in the energy sector, particularly in the transportation of Turkmen natural gas to Türkiye and on to
The Asian Development Bank (ADB) has approved two policy-based loans totaling $400 million that support the Government of Uzbekistan’s initiatives to enhance the country’s financial markets and develop a sustainable, market-led power sector. “Strong participation of the private sector is vital to Uzbekistan’s economic growth and transformation,” said ADB Director General for Central and West
The World Bank’s Board of Executive Directors on July 31 approved $27 million for the National Community Initiatives Project (NCIP) for the Kyrgyz Republic. The project aims to improve access to socio-economic infrastructure and increase economic opportunities at the local level, with a focus on women and youth. “The National Community Initiatives Project builds on more
Hungary’s Globalia Ltd is creating an agricultural industrial park in Kazakhstan’s Akmola region using the latest Hungarian agricultural technologies, the Kazakh Ministry of Agriculture reported. The agro-park will accommodate different types of agribusiness activities, demonstrating advanced agricultural practices, sustainable and environmentally friendly technologies, ensuring traceability of products from the producer to the end consumer, “from
The implementation of the National Project “Comfortable School” was considered at a meeting in the Government on 29 July under the chairmanship of First Deputy Prime Minister Roman Sklyar. As reported by the Kazakh Government’s press service, the National Project “Comfortable School” provides for building 369 schools of a new format for 740 thousand pupils
