Uzbekistan is steadily developing its transport network, modernizing the road sector, and building new modern highways. With the support of the World Bank, the country has developed a project to build an alternative highway connecting the capital, Tashkent, and the city of Andijan. The commissioning of this 314-kilometer highway will reduce travel time between the
The World Bank’s latest economic update on Kazakhstan, “Funding the Future: Boosting Revenues for Lasting Investments,” presents a mixed outlook for the country’s economy, with a projected acceleration of growth from 4 percent in 2024 to 4.5-5 percent in 2025, driven by increased oil production and continued fiscal support. According to the report, growth is expected to
In 2024, Kyrgyzstan’s gross international reserves grew by $1,851,600,000 and reached $5,088,100,000, a 57.2% increase compared to 2023, Melis Turgunbaev, the Chairman of the National Bank of the Kyrgyz Republic (NBKR), wrote on his Facebook page. According to Turgunbaev, one of the key factors behind the increase in reserves was the rising price of gold,
On January 30, Tashkent hosted the Uzbek-French Business Forum, bringing together representatives from over 50 leading French companies, including AIRBUS, Experto Consulting, Iveco Group, MND, Roxalex, Suez, Société Générale, ALSTOM, Veolia Energy, EDF International Networks, Voltalia, and TotalEnergies. The Uzbek delegation was led by Deputy Minister of Investment, Industry, and Trade, Khurram Teshabayev, while the
Turkey’s Аlarko Holding and its Kazakhstan-registered subsidiary, LLP Alsera KZ, have signed an investment agreement with the Ministry of Agriculture of Kazakhstan for a project to construct a greenhouse complex in the city of Shymkent. According to Kazakh Invest, Kazakhstan’s national investment company, which supports the project, the Turkish company will invest $650 million to
On January 28, President Shavkat Mirziyoyev chaired a meeting on measures to develop the electricity sector for 2025-2035. Over the past eight years, electricity production in Uzbekistan has increased by 38 percent, reaching 81.5 billion kilowatt-hours. Thanks to expanded opportunities for the private sector, new generation capacities totaling 11.2 gigawatts have been created. As a
Uzbekistan’s Commitment to a Green Economy in 2025 On January 27, President Shavkat Mirziyoyev chaired a meeting on the draft State Program for the Year of Environmental Protection and Green Economy. Uzbekistan is transitioning to a green economy. Over the past three years, 16 large solar and wind power plants with a total capacity of
Tajikistan’s Low Average Salary in Central Asia Explained Tajikistan has the lowest average salary among Central Asian countries, according to the CIS Interstate Statistical Committee. In September last year, the average nominal monthly salary in Kazakhstan was $817.2, in Uzbekistan $437.8, and in Kyrgyzstan $411.2. In Tajikistan, it stood at $242.8. The CIS Interstate Statistical
Kazakhstan Railway Internet Access: Stay Connected on Trains Kazakhstan Temir Zholy (KTZ), the country’s national railway company, says it will launch a pilot project to provide Internet access on its trains starting from January 25. The new service will be introduced on the Astana-Almaty train, a very popular route among passengers. Internet connection will be
Kazakhstan’s Efforts in Planting Forests on Aral Sea In 2025 Kazakhstan will continue a large-scale project to restore the ecosystem on the dried bottom of the Aral Sea, the Ministry of Ecology and Natural Resources said. The project involves KATCO, a joint venture between the French state-owned company Orano and Kazakhstan’s national atomic company Kazatomprom,
Understanding Uzbekistan Investment Law Changes On January 23, the Senate (upper house) of the Oliy Majlis (Uzbek parliament) approved a new edition of the Law “On Investments and Investment Activities”. Developed jointly with experts from the World Bank and the International Finance Corporation, the document ensures that investment legislation complies with international standards, including the
Kazakhstan’s IT services export surpasses $470 million According to Kazakhstan’s Minister of Digital Development, Innovation and Aerospace Industry, Zhaslan Madiyev, during the first 9 months of 2024, IT export of Kazakhstan amounted to $471 million, 26% more than for the same period of 2023. The goal is to reach $1 billion in 2026. Astana Hub
Shavkat Mirziyoyev’s Vision for Poultry Farming Plans On January 21, Uzbekistan President Shavkat Mirziyoyev was reported on plans for the development of poultry farming and the effective use of pastures. These sectors play a crucial role in ensuring food security and the availability of food products. The goal for this year is to increase poultry
Speaking at a government meeting on January 17, President of Tajikistan Emomali Rahmon ordered the government to ensure the country’s economic growth of at least 8% in 2025, his press service reported. Rahmon instructed to focus on transitioning to a green economy, accelerating the digitization of all sectors of the national economy, and expanding non-cash
The Minister of Trade and Integration of Kazakhstan, Arman Shakkaliyev and Jiangsu SOHO Holdings Group Co. Ltd. from Jiangsu Province in east China have agreed on the establishment of a multifunctional center in the Kazakh capital, Astana, the Ministry of Trade and Integration reported. The new center will facilitate the development of Kazakh-Chinese trade and
Kyrgyzstan’s New Action Plan on Business and Human Rights The Cabinet of Ministers of the Kyrgyz Republic has approved the Programme of Implementation of the UN Guiding Principles on Business and Human Rights for 2025-2027 and an Action Plan for its implementation. This makes Kyrgyzstan the 21st country in the world and the first in Central
On January 17, Uzbekistan President Shavkat Mirziyoyev was reported on new approaches to ensuring population’s employment and poverty reduction. This year it is planned to ensure employment of 5.2 million Uzbek citizens and bring 1.5 million people out of poverty. For the first time 60 districts and cities will become territories free of poverty and
The Kazakh Ministry of Transport has reported that in 2024, the railway cargo transportation between Kazakhstan and China reached an all-time high of more than 32 million tons. Kazakhstan’s rail exports to China increased by 1 million tons to 13.7 million tons. The main export items were iron and non-ferrous ore, ferrous and non-ferrous
The European Bank for Reconstruction and Development (EBRD) says it has set a new operational record in Central Asia by investing €2.26 billion through 121 projects in six regional economies last year – almost doubling its annual investment in Central Asia compared with 2023. It also mobilized €784 million from co-financiers, thus bringing more than
With the support of JSC Kazakh Invest, Yesil Technology Company will establish the production of industrial unmanned drones in Kazakhstan. The project involves the construction of an industrial and research area of 50,000 square meters. The zone will include a workshop for the production of batteries, a research center for innovative technologies, full-cycle machine storage, and
