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EDB Annual Meeting and Business Forum to discuss enhancing Eurasian Transport Network

Prospects for cross-border transport corridors in Eurasia, realising their economic potential, reducing costs and coordinating efforts of authorities and businesses will be key topics discussed by government representatives, businesspeople and experts at the Eurasian Development Bank’s (EDB) Annual Meeting and Business Forum on 27–28 June in Almaty. The session titled “The Eurasian Transport Network: Potential, Challenges

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Business & Economy UZB

China remains Uzbekistan’s largest trading partner

According to the latest data released by the Statistics Agency of Uzbekistan, from January to May 2024 the country’s foreign trade amounted to $26.7 billion, with exports totaling $10.8 billion and imports — $15.8 billion. Compared to the same period last year, the country’s exports increased by 1.9% and imports — by 3.7%. China has

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Business & Economy KG

ADB to improve wastewater management, boost sustainable tourism in Kyrgyzstan

The Asian Development Bank (ADB) on June 24 said it is providing $56 million funding to the Kyrgyz Republic to improve wastewater management and enhance sustainable and inclusive tourism in Issyk-Kul region, renowned for its touristic appeal and importance. The funding comprises a $25 million concessional loan and a $31 million Asian Development Fund (ADF) grant. The Issyk-Kul region is particularly popular

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Business & Economy Eurasia KG KZ TJK

EDB raises economic growth forecast for the bank’s member states

The Eurasian Development Bank (EDB) has released its Macroeconomic Outlook for its six member states. According to the report, in 2024 Armenia’s GDP is expected to grow by 7.5%, Belarus’s by 3.4%, Kazakhstan’s by 5%, Kyrgyzstan’s by 5.5%, Russia’s by 3%, and Tajikistan’s by 8%. For most EDB member countries, the outlook has been upgraded

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Business & Economy UZB

Uzbekistan receives $7.5 million in carbon credits for emissions reduction

The World Bank on June 21 announced that Uzbekistan has become the first country in the world receiving a payment from the World Bank for reducing carbon emissions through a policy crediting program. This pioneering project – the Innovative Carbon Resource Application for Energy Transition (iCRAFT) – was crafted to support Uzbekistan in implementing energy efficiency measures,

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Business & Economy KZ

Indian company to develop dialysis market in Kazakhstan

On June 20 in Astana, representatives of the national company Kazakh Invest met with Vikram Vuppala, CEO of the Indian company NephroPlus to discuss the company’s plans for developing the dialysis market in Kazakhstan, Kazakh Invest reported. Vikram Vuppala told the Kazakh representatives that NephroPlus considers Kazakhstan as a new market for investment in the framework of

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Business & Economy Eurasia KG KZ

New report addresses the issue of drinking water in Central Asia

According to the Eurasian Development Bank (EDB), today, over 2 billion people globally do not have access to safe drinking water. Without action, the situation will only worsen in the long run. By 2050, drinking water consumption is projected to increase by 1.5 times. This is why the United Nations’ Sustainable Development Goal 6 is to

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Business & Economy KG TJK UZB

USAID supports Central Asian women in hospitality business

The U.S. Agency for International Development (USAID) and the International Association of Businesswomen “Tadbirkor Ayol” last week hosted the Central Asian Conference on “Women of Central Asia in the Hospitality Business: Current Challenges and Opportunities” in Tashkent. The event gathered approximately 200 women entrepreneurs, professionals, and industry experts from Uzbekistan, Tajikistan, and the Kyrgyz Republic

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Business & Economy KZ

PepsiCo to build a salty snack production plant in Kazakhstan

A presentation and signing ceremony for the roadmap to implement a project to construct a salty snack production plant in Kazakhstan took place in Astana last week. The facility, to be located in the Almaty region, will produce potato chips under the globally renowned Lay’s brand. The American company PepsiCo plans to invest $160 million,

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Business & Economy KZ

Swiss company to expand investment in Kazakhstan agricultural sector

Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, on June 13 met with Nabil Marc Abdul-Massih, CEO of Swiss INOKS Capital. During the meeting, the parties discussed the company’s interest in expanding investment activities in Kazakhstan, including creating an agricultural fund and concluding an investment agreement, Kazakh Invest reported. Representatives

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