On February 20 in Ashgabat, Deputy Minister of Foreign Affairs of Turkmenistan Myahri Byashimova met with Leandro Slowinski, the editorial director of The Investor magazine, published by the French consulting company Beyond Investments Group. Mr. Slowinski expressed the interest of the magazine’s editors in researching the trade and economic potential of Turkmenistan for a broader
The Eurasian Development Bank (EDB) has released the latest Macroeconomic Review for its six member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. In the face of a challenging external economic environment, the Review says, the EDB region saw a strong recovery in 2023, with the aggregate GDP of the Bank’s member states increasing
The European Bank for Reconstruction and Development (EBRD) and Shinhan Bank Kazakhstan (SBK) are helping to increase the capacity and attractiveness of Kazakhstan’s major conference hub, the Atakent Business Cooperation Centre in Almaty, by financing its expansion, the EBRD said on February 19. The EBRD will share half of the risk of a KZT 3 billion (US$ 6.6 million) loan
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a subscription of up to $10 million in a landmark local currency green bond issued by Tajikistan’s Eskhata Bank. The first in the country, the bond aims to boost access to climate finance for smaller businesses amid a challenging macro-economic environment.
The European Bank for Reconstruction and Development (EBRD) on February 14 said it has invested $41.99 million into shares of Kazakhstan’s flagship carrier, Air Astana, supporting the country’s first partial privatisation through an initial public offering (IPO). The EBRD’s investment represents a 5 per cent shareholding in Air Astana. The shares will be listed on both the London
On February 12, President of Kazakhstan Kassym-Jomart Tokayev met with Nikolai Podguzov, the chairman of the Eurasian Development Bank’s (EDB) Management Board. Podguzov informed President Tokayev about the Bank’s plans and said that the EDB’s annual investment in Kazakhstan’s economy has exceeded $1 billion for the second consecutive year, the EDB’s press service reported. The EDB
Kyrgyzstan and Turkey have signed a contract for the export of 400 tons of walnuts from the Kyrgyz Republic. The first batch of walnuts will be exported to Turkey on February 15, the Kyrgyz Ministry of Economy and Commerce said. The contract comes as a result of the Kyrgyz-Turkish business forum held in the Turkish
Kazakhstan ranks 8th in the world in the development of online services. In 2023, 50 million services were provided online and citizens received 92% of services without leaving their homes, the Minister of Digital Development, Innovations and Aerospace Industry of Kazakhstan, Bagdat Musin said, summing up the results of Digital Almaty-2024 forum held last week.
As part of the VI Digital Forum Digital Almaty 2024: “Industry X: Digital Evolution of the Future,” a panel session on the topic “Quality of Communication and Tariff Increases” took place on February 2. The panel session began with discussions about the “250+” project, in which mobile operators created infrastructure for high-speed mobile internet access
Kyrgyzstan President Sadyr Japarov has ordered to fully modernize the Bishkek thermal power plant after an explosion at the old plant on February 2 left parts of the capital city without hot water and heat. Three workers of the power plant were seriously injured in the explosion. President Japarov visited the plant as its staff
