The Eurasian Development Bank (EDB) and ORTA ASYA Investment Holding have announced the launch of a strategic partnership to jointly implement large-scale hydropower projects in Kyrgyzstan. The parties have agreed to cooperate in developing a feasibility study for the Suusamyr-Kokomeren HPP cascade project, which is being financed by the Eurasian Development Bank, and have signed
On September 17, the III International forum “From poverty to prosperity” started in the city of Namangan. President of Uzbekistan Shavkat Mirziyoyev addressed the opening ceremony. The president said that the fight against poverty has been lifted to the ranks of state policy in Uzbekistan. Thanks to the consistent reforms 7.5 million people have been
On September 17, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov held a meeting with Chairman of the Board of the Chinese company Cheng Tian Run Kang Medical Limited, Li Shu-he. The investor expressed an intention to implement a project in Kazakhstan on the cultivation and processing of
Kyrgyzstan’s Ministry of Finance has teamed up with local banks for implementing the “Improving Air Quality” project, aimed at supporting the transition of Kyrgyzstani households from coal heating to modern and environmentally friendly types of heating homes. The project received $50 million financing from the International Development Association. $31.8 million of that amount will be
In March last year, President Shavkat Mirziyoyev gave start to the construction of new power plants in Namangan region. On September 16, the first hydropower plant of the Naryn HPP cascade was put into operation. The development of renewable energy sources is determined as a strategic direction for ensuring sustainability of the national economy. In
On September 16, a ceremony was held to sign the investment agreement and lay the foundation stone for Carlsberg Kazakhstan’s new non-alcoholic beverages plant. The event was attended by Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov, and senior management of Carlsberg Group and PepsiCo. Ospankulov noted that
The Asian Development Bank (ADB) has approved a sovereign-guaranteed loan of $400 million equivalent to KazAvtoZhol National Company JSC for the construction of a new road in southern Kazakhstan. The project aims to enhance regional connectivity, enhance transport efficiency, facilitate cross-border trade flows, and improve road safety. “The Saryagash Bypass Road will strengthen Kazakhstan’s trade
Work on the establishment of protective forest plantations is ongoing in the regions of Uzbekistan. During the current year, 17 state forestry enterprises have established protective forest plantations covering a total area of 776 hectares. In particular, this work was carried out by the Andijan, Khorezm, Shurtan, Navoi, Navbahor, Akhangaran, and Kizirik state forestry enterprises,
In recent years, Uzbekistan has witnessed a rapid increase in the number of motor vehicles. While in 2021 the country had 3.14 million registered cars, by 2025 their number had grown by 66%, reaching 5.2 million. This sharp rise is particularly evident in Tashkent, where the expanding vehicle fleet directly affects air quality and public
Deputy Chairman of the Board of Kazakh Invest national company, Madiyar Sultanbek held a meeting with the delegation of the Dutch trade mission on critical raw materials in Astana. The mission includes leading Dutch companies and research organizations specializing in mining technologies, metallurgy, resource processing, secondary use of raw materials, and implementation of circular solutions, including
On September 11, President Shavkat Mirziyoyev reviewed proposals on the organization of a single population and agriculture census in Uzbekistan. The previous nationwide census was held back in 1989. According to the new law “On population census,” the population is subject to census at least once in 10 years and agriculture in every 5 years.
Kyrgyzstan’s state-owned Eldik Bank has become the first bank in Central Asia to join China’s Cross-Border Interbank Payment System (CIPS) as a direct participant. According to the bank, this strategic step opens up new opportunities for Kyrgyzstan to carry out direct and instant settlements in yuan with Chinese partners and other participants in the system,
Construction of a new power unit has begun at the Combined Heat and Power Plant (CHPP)-3 in Karaganda, Kazakhstan. The project will create additional electricity and heat supply resources for the region. The project is being implemented in strategic partnership with the Eurasian Development Bank. The capsule-laying ceremony on September 10 was attended by the
The Asian Development Bank (ADB) and ACWA Power Company have signed a $51 million loan package to build the Nukus 2 Wind and Battery Energy Storage facility in Uzbekistan’s Qoraozak district in the Republic of Karakalpakstan. The project will be implemented by ACWA Power Beruniy Wind FE LLC, which is fully owned by ACWA Power.
On September 8, the airport in Naryn, the main city of the Naryn region in central-east Kyrgyzstan, opened after major reconstruction with the launch of regular Bishkek-Naryn-Bishkek flights operated by state-owned Asman Airlines. All regional airports built in Kyrgyzstan in the Soviet time were never repaired until the most recent time, and the Naryn airport
The volume of trade between Central Asian countries and the Gulf states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) reached $3.3 billion in 2024, an increase of 4.2 times since 2020, according to the Eurasian Development Bank (EDB). Imports to Central Asian countries from the Gulf states accounted for 80% of
To support Tajikistan’s smaller businesses, strengthen support for women entrepreneurs, improve energy efficiency, and boost housing finance, IFC — a member of the World Bank Group — is providing a $5 million loan in local currency to the country’s Bank Arvand. This long-term financing will allow Bank Arvand, an IFC partner since 2019, to ramp
A delegation of the largest U.S. trade mission in Central Asia visited Mangystau region as part of its visit to Kazakhstan. The visit aimed to familiarize with the region’s investment potential and the advantages of the Trans-Caspian International Transport Route (TITR, or the Middle Corridor), according to Kazakh Invest national company. A roundtable was held
In Astana on September 4, Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov held a meeting with representatives of leading US companies visiting Kazakhstan as part of a US trade mission. The parties discussed the status of ongoing and prospective projects, as well as the expansion of American companies’ presence in the Kazakh market.
Over the past three years, the value of high-tech exports from Kazakhstan has increased almost threefold. In 2024, the export of such products reached $7.3 billion, compared to $2.5 billion in 2021, finprom.kz reported with reference to the Bureau of National Statistics. Over these years, many of the goods exported by Kazakhstan have increased in
