Business & Economy KG

Kyrgyzstan launches construction of special financial investment zone

Chairman of Kyrgyzstan’s Cabinet of Ministers Adylbek Kasymaliev on February 20 attended the capsule-laying ceremony marking the launch of construction of the Tamchy Special Financial Investment Territory, a special legal and regulatory jurisdiction located on the northern shore of Lake Issyk-Kul. Kasymaliev emphasized that the Tamchy zone is intended to become an international financial center,

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Business & Economy UZB

Uzbekistan defines development priorities for Karakalpakstan

On February 20, President Shavkat Mirziyoyev chaired a meeting to define priority tasks for the socio-economic development of the Republic of Karakalpakstan. It was noted that due to its vast territory and mineral reserves, Karakalpakstan has considerable economic and investment potential. Tangible changes have taken place in Karakalpakstan’s economy in recent years. Eight years ago, the

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Business & Economy KZ

Qualified workforce is most in demand on Kazakhstan’s labor market

Since the beginning of 2026, employers have posted 102,700 job vacancies and job seekers have submitted 162,400 resumes on the Enbek.kz online job exchange in Kazakhstan, according to the Ministry of Labor and Social Protection. The number of job seekers exceeds the number of vacancies, with an average of 1.58 resumes per vacancy. Over 80%

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Business & Economy UZB

Uzbekistan expects price growth

The Central Bank of Uzbekistan has published a report on inflation expectations of the country’s households and businesses as of early 2026. According to the report, the average price growth forecast for the next 12 months has been decreased by 0.3% to 11.2%, Tashkent Today reports. The highest price growth expectations among households are traditionally

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Business & Economy KZ

Kazakhstan prepares for spring flood season

In preparation for the coming spring flood season, Kazakhstan’s Ministry of Water Resources and Irrigation is pre-emptively releasing water from key reservoirs across the country’s northern, central, western, and eastern regions to prepare for the influx of meltwater expected during the spring thaw. At the same time, reservoirs in the southern, arid regions which heavily

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Business & Economy KG

Kyrgyzstan launches its first cable car in Ala-Archa nature park near Bishkek

President Sadyr Japarov on February 18 officially opened a cable car in the Ala-Archa State Nature Park, the first gondola cable lift in Kyrgyzstan. The Ala-Archa Nature Park is located about 30 km from Bishkek and stretches along the Ala-Archa River. The park is a popular weekend getaway for Bishkek residents and foreign tourists. The

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Business & Economy UZB

Uzbekistan reports record high production of green energy

Since the beginning of 2026, solar and wind power plants in Uzbekistan have generated 1 billion kWh of electricity. According to the Ministry of Energy, this milestone was reached by February 13, a 40% (400 million kWh) increase over the same period last year, Tashkent Today reported. Uzbekistan now has 15 solar power plants with

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Business & Economy KG

Kyrgyzstan saw dramatic decrease in exports in 2025

The National Statistical Committee of Kyrgyzstan has published figures of the country’s foreign trade in 2025, which amounted to $15.8 billion, a 10.2% decrease compared to 2024. Kyrgyzstan’s exports fell significantly by 44.5%, while imports increased by 3.9%. In 2025, Kyrgyzstan exported its products to Russia (22.9% of all exports), Kazakhstan (15.9%), Switzerland (15.4%), Uzbekistan

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Business & Economy UZB

Uzbekistan highlights its pilgrimage tourism potential at exhibition in London

Uzbekistan showcased its extensive potential in pilgrimage tourism at the international exhibition “Muslim Travel Show” in London, which brought together leading representatives of the global pilgrimage tourism industry, Dunyo information agency reported. Uzbekistan highlighted the country’s rich spiritual and cultural heritage, its unique historical landmarks, and its modern infrastructure designed to accommodate international visitors. During a

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Business & Economy KZ UZB

Kazakhstan and Uzbekistan seek to increase rail cargo transportation

As part of the implementation of the President of Kazakhstan’s instruction to increase the country’s transit potential and bring annual transit cargo volumes to 55 million tons, the Minister of Transport of Kazakhstan on February 16 met with the Minister of Transport of Uzbekistan to discuss expanding cooperation in rail transport, according to the Kazakh

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Business & Economy KG

Kyrgyzstan focuses on organic agriculture development

Kyrgyzstan President Sadyr Japarov last week signed a decree establishing National Organic Agriculture Day, to be celebrated annually on the last Friday of September. The move reflects Kyrgyzstan’s aspiration to strengthen its position as a leading producer of organic agricultural products in the region. According to the Ministry of Water Resources, Agriculture, and Processing Industry,

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Business & Economy KZ

Spending on food reaches 57% in Kazakhstan

The well-being of Kazakhstan citizens is declining. This is confirmed not only by the 2% decline in real incomes of working citizens in the fourth quarter of 2025, but also by the growing share of money spent on food, Finprom.kz reported. According to the Bureau of National Statistics, in the third quarter of 2025, Kazakhstan’s

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Business & Economy UZB

Uzbekistan plans to attract $50 billion in foreign investment

In 2025, Uzbekistan’s gross domestic product (GDP) grew by 7.7 percent and exceeded 147 billion dollars. More than half of the economic growth was accounted for by the services sector. In agriculture, the average income per hectare increased from 4,500 to 5,000 dollars, while labor productivity grew by 4.7 percent. This was announced at a

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Business & Economy KZ UZB

Kazakhstan and Uzbekistan are Central Asia’s largest intraregional investors

According to the Eurasian Development Bank (EDB), mutual accumulated investment between Central Asian countries is rapidly growing. In 2024-2025, it increased by approximately $400 million (+42%), reaching $1.3 billion. Compared to 2020, the volume of mutual foreign direct investment (FDI) has almost quadrupled, reflecting sustainable investment ties within the region. According to the EDB’s report

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Business & Economy UZB

Uzbekistan to increase creative economy’s share to 5% of GDP, raise exports to $1 billion

On February 12, Uzbekistan President Shavkat Mirziyoyev listened to proposals on developing the creative economy, modernizing cultural infrastructure, and establishing new creative spaces. In Uzbekistan, the creative economy accounted for 3.7 percent of GDP in 2024, employing more than 319,000 people. The sector’s exports reached $770 million. The fact that more than 60 percent of

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Business & Economy KZ

Kazakhstan among the world’s top 10 sunflower oil exporters

Kazakhstan has strengthened its position as a global leader in the export of sunflower oil and millcake, an important component in the production of feed for poultry and livestock. According to the Ministry of Agriculture, Kazakhstan is the world’s 8th-largest exporter of sunflower oil and ranks among the top 3 sunflower millcake exporters to the

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Business & Economy KZ

The number of suicides has decreased in Kazakhstan but teenage suicides increased

According to the Committee on Legal Statistics at the Prosecutor General’s Office of Kazakhstan, 3,200 Kazakhstan citizens committed suicide in 2025, a decrease of 5.7% (or 193 people) compared to 2024. This is the lowest figure in recent years, according to analysts of Ranking.kz. Since 2020 the number of suicides has decreased by 9.1%. Suicide

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Business & Economy UZB

Uzbekistan is experiencing methane shortages for new filling stations

The government in Uzbekistan recommends entrepreneurs not to build new methane filling stations amid problems with supplying methane to existing stations. Deputy Prime Minister of Uzbekistan Jamshid Khodjaev said this at a meeting with entrepreneurs in Karakalpakstan on February 6, Uzbek media reported. According to Khodjaev, even the operating stations currently lack methane. “Currently, permits

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Business & Economy UZB

Uzbekistan to expand agricultural land area

On February 9, President Shavkat Mirziyoyev reviewed proposals for developing new lands for agriculture. As a result of irrigation and land reclamation efforts over the past five years, 826.5 thousand hectares of land have been brought into agricultural circulation. Of these, 409 thousand hectares were irrigated lands, while a further 418 thousand hectares were developed

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Business & Economy KZ

Prices for staple food products steadily rise in Kazakhstan

Average prices for socially important food products in Kazakhstan increased by 7.1% on-year as of January 28, 2026, and by 0.3% in less than a month since the beginning of the year, according to analysts at Energyprom.kz. The largest increase in prices for staple foods was recorded in Zhezkazgan: by 10.6% year-on-year, followed by Aktau

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