Tajikistan’s economic growth is projected to remain robust in 2025 and 2026, supported by investment in energy and industry, strong consumer demand, and private sector development, according to the latest forecast by the Asian Development Bank (ADB). The growth, however, could be further boosted by a renewed focus on digital transformation and e-governance. The country’s
President of Uzbekistan Shavkat Mirziyoyev has signed a law on Uzbekistan’s accession to the Agreement Establishing the Eurasian Development Bank (EDB). Uzbekistan has become the seventh member of the Bank and its third largest shareholder with a 10% equity stake. The EDB’s other members are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. “We welcome Uzbekistan’s
Economic growth in Kyrgyzstan is projected to moderate but remain robust at 8.5% in 2025 and 8.6% in 2026, according to the Asian Development Outlook (ADO) April 2025 report, the Asian Development Bank’s (ADB) flagship economic publication. “This growth forecast reflects strong private consumption, steady gains in remittances, and ongoing government investment projects,” said ADB Country Director
According to a new study by World Weather Attribution (WWA), in March 2025, Central Asia experienced an unusually intense heatwave, with temperatures reaching record highs across the region, reaching 30.8°C in Jalalabad in Kyrgyzstan, 29.4°C in Namangan and 29.1°C in Fergana in Uzbekistan, and minimum temperatures of 18.3°C in Shahdara, making it the hottest March night in
An ambitious project to grow olive trees and produce olive oil has taken an important step forward in Kazakhstan. On April 4, Kazakhstan’s Minister of Agriculture, Aidarbek Saparov and President of Georgia’s Global Olive Corporation, George Svanidze signed a memorandum of cooperation on the project and agreed to develop a roadmap determining the timetable and
The European Bank for Reconstruction and Development (EBRD) and the Food and Agriculture Organization of the United Nations (FAO) have joined forces to improve farmland management and strengthen food security in Kyrgyzstan. The two institutions have launched an initiative named Greening Kyrgyzstan’s Economy: Know More, Act Better, Enhance Results, which will foster climate-smart agriculture through the use
From October 2024 to April 1, 2025, Uzbekistan supplied 12.6 billion cubic meters of irrigation water to Kazakhstan, 1.7 billion cubic meters more than planned. Kazakhstan’s Minister of Water Resources and Irrigation Nurzhan Nurzhigitov announced this at an international climate forum in Samarkand, Uzbekistan on April 5. According to the Kazakh Ministry of Water Resources
Production of John Deere agricultural machinery and equipment has been officially launched at the Localization Center of the AGROMASH plant in the northern Kazakh city of Kostanay. John Deere is a world leader in the production of agricultural machinery, and the beginning of its manufacturing in Kazakhstan, the largest agricultural producer in Central Asia,
The European Bank for Reconstruction and Development (EBRD) has welcomed plans by a series of new investors to inject up to $110 million into Uzbekistan’s leading food retailer, Korzinka. In one of the largest private investments in the country in recent years, Abu Dhabi Uzbek Investment, and a consortium of Omani Sovereign investment funds, led
The Ministry of Ecology and Natural Resources of Kazakhstan, in collaboration with Zhasyl Damu JSC, and with the support of the World Bank, has launched the Partnership for Market Implementation Project aimed at advancing Kazakhstan’s carbon market and supporting the country’ transition to green and resilient growth, the World Bank reported. Kazakhstan has been a
In 2024, Bishkek municipal services shot 14,378 stray dogs in the Kyrgyz capital, raising criticism from animal rights activists who consider shootings an inhumane and ineffective way of solving the problem of stray animals. However, the Bishkek municipality insists that the city has no money for alternative solutions. According to the Bishkek municipality’s program for
On April 1, the President of Tajikistan, Emomali Rahmon attended a ceremony to lay the foundation stone for the construction of an iron ore enrichment plant of CJSC Tajik Metallurgical Plant in Bobojon Ghafurov district, the first ore enrichment plant in Tajikistan since independence. The plant will be built with domestic and foreign capital and
A delegation from Uzbekistan, led by Minister of Investment, Industry, and Trade Laziz Kudratov, participated in the first meeting of the Joint Economic Committee, the “Uzbekistan Investment Potential Days” event with British business representatives, and several high-level meetings with executives of leading UK companies in London, the Uzbek government portal reported. During the Committee meeting,
As part of the AlmatyFair.ai exhibition, a signing ceremony was held on March 28 for an investment agreement between the Government of Kazakhstan and Singapore-based GK Hyperscale Ltd for the construction and operation of two hyperscale data centers. The agreement was signed by Kazakhstan’s Minister of Digital Development, Innovations, and Aerospace Industry, Zhaslan Madiyev, and
On March 29, the Ministry of Investment, Industry and Trade of Uzbekistan held a briefing on the upcoming Tashkent International Investment Forum, one of the most significant international events in the country’s economic landscape. Minister of Investment, Industry and Trade Laziz Kudratov announced that the IV Tashkent International Investment Forum will take place from June
The following article by Roger Holland, Founder & Managing Partner of a leading property advisory firm, published in the latest issue of OCA Magazine, provides an insight on Central Asia’s growing real estate market: For many, the housing and wider real estate markets have had a miserable year. Interest costs have increased alongside inflation of
According to the World Bank’s representative office in Uzbekistan, Tashkent recently hosted a presentation of the World Bank’s new report analyzing current migration trends, challenges, and opportunities in the Europe and Central Asia region. The report highlights that labor migration remains one of the key sources of income for millions of citizens in Central Asian
On March 27, Uzbekistan President Shavkat Mirziyoyev listened to a government report on the fulfillment of tasks aimed at the development of nuclear energy in the country. Over the past five years, due to the implementation of a number of major energy projects, electricity production in Uzbekistan has increased by 30 percent and reached 81.5
The Eurasian Development Bank (EDB) and the Ministry of Economy and Commerce of the Kyrgyz Republic have signed a technical assistance agreement to develop a pre-feasibility study for the Suusamyr-Kokomeren HPP Cascade Project. This agreement builds on the ongoing cooperation between the Bank and the Ministry under the Memorandum of Cooperation signed in December 2024.
The Afghan Ministry of Mines and Petroleum says that the largest investments in Afghanistan’s mining sector have been made by companies from Uzbekistan, China, Turkey, and Iran, TOLOnews reported. Hayatullah Afghan, spokesperson for the Ministry of Mines and Petroleum, stated that the total value of these investments is estimated at $8 billion. These companies have
