The Eurasian Development Bank (EDB) has released a new report as part of its flagship project Monitoring of Mutual Investments. New data show that investment activity in the Eurasian region continues to expand despite the global decline in foreign direct investment (FDI). Mutual FDI between the region’s countries reached a record US $48.4 billion at the
On December 16, under the chairmanship of President Shavkat Mirziyoyev, a meeting was held dedicated to the comprehensive socio-economic development of Tashkent, improving the urban environment, and creating decent living conditions for its population. It was noted that Tashkent has undergone significant changes in recent years. Over the past nine years, more than $20 billion
The World Bank’s Board of Executive Directors has approved a $250 million financing package for Uzbekistan to improve municipal infrastructure and services for residents and businesses in 16 districts and cities across the country through the Livable and Productive Cities Program (LPCP). Over half of Uzbekistan’s 37 million people live in cities, a share expected to
On December 15, President Shavkat Mirziyoyev was briefed on the ongoing work in the water management sector to increase energy efficiency, develop research potential, and strengthen international cooperation. Plans to replace outdated and energy-intensive pumping units with modern, energy-efficient ones, were reviewed. For instance, in Karakalpakstan, there are 274 pumping stations that irrigate over 185
Kazakhstan has prepared an Export Roadmap for Processed Oilseed Products for 2026–2028. According to the Ministry of Agriculture, the Roadmap includes steps to expand the raw material base, modernize processing plants, develop logistics, and support farmers. The main goal is to increase the export of processed oilseed products—sunflower oil and sunflower millcake, an important component
Kazakhstan is launching an export hub in Southeast Asia. The national export development institute QazTrade and the Malaysian company Kaztera have signed a memorandum of cooperation under which Kaztera received the status of the official operator for promoting Made in Kazakhstan products in the ASEAN market. This partnership gives Kazakhstan direct access to one of
Afghanistan’s economy is expanding for the second consecutive year, supported by low inflation and stronger revenues. However, rapid population growth, a widening trade deficit, and persistent poverty continue to weigh on the country’s outlook, according to the World Bank’s latest Afghanistan Development Update. The report provides a comprehensive assessment of recent economic developments and the medium-term
The European Bank for Reconstruction and Development (EBRD) says it is extending a loan of up to US$ 70 million (€60 million) to Hamkorbank, a major private lender in Uzbekistan. Provided in the synthetic local currency, the loan will be used to support micro, small and medium-sized enterprises (MSMEs) across the country. MSMEs create about
At a Government session on December 9 chaired by Prime Minister of Kazakhstan Olzhas Bektenov, the current water management situation was reviewed. Deputy Prime Minister Kanat Bozumbayev reported on the risks of the upcoming growing season and the preventive measures to ensure irrigation water supply for farmers. He reported on the results of working trips
On December 9, President Shavkat Mirziyoyev reviewed plans on financing for cotton and grain cultivation, as well as a new subsidy system for the agriculture sector. A total of 34.2 trillion soums is planned for the cotton and grain cultivation, subsidies and other expenses next year. Additionally, there are plans to attract an extra $200
SOCAR (State Oil Company of the Azerbaijan Republic) and Uzbekneftegaz, Uzbekistan’s oil and gas company have launched a joint exploration project in the Ustyurt region in Uzbekistan’s Karakalpakstan. The Production Sharing Agreement (PSA) for the exploration, development, and production in the Ustyurt investment blocks (Boyterak, Terenqquduq, Birgori, Kharoy, Korakalpok, and Kulboy) was signed in July
The World Bank Group has released the Country Climate and Development Report (CCDR) for the Kyrgyz Republic providing a comprehensive roadmap toward helping the country reach its socio-economic goals and build economic resilience. Kyrgyzstan continues to experience more frequent and intense storms and landslides, severe heat waves, and droughts, which present real costs to the
The Eurasian Development Bank (EDB) and Eurasian Logistics Park (ELP) have launched one of Kazakhstan’s largest Class A warehouse complexes. Covering more than 50,000 m2, the facility will become a key hub for e-commerce and international trade in Central Asia. The EDB began financing the project in 2024, providing KZT 16.6 billion to construct the Eurasian
On December 5, President of Uzbekistan Shavkat Mirziyoyev took part in a ceremony marking the launch and start of construction of new energy capacities and infrastructure facilities. By pressing a symbolic button, the President launched the operation of 42 energy facilities and the construction of 21 new projects. The event was attended by Minister of
On December 5, President of Uzbekistan Shavkat Mirziyoyev held a meeting with the heads of leading Chinese companies to discuss expanding cooperation and advancing joint projects aimed at introducing modern technologies and engineering solutions in the energy sector. The growing interest of Chinese companies in implementing projects in Uzbekistan was noted with satisfaction. This year
Kazakhstan’s Minister of Water Resources and Irrigation Nurzhan Nurzhigitov last week met with Dana Kadyrbek, a student at Almaty Gymnasium No. 79 who created a device for collecting water from the atmosphere using modern nanomaterials. The device effectively absorbs and condenses moisture from the air and works without connection to the electrical grid, according to
In line with Uzbekistan’s strategy aimed at the accelerated development and digitalization of the chemical industry, by 2030 the country plans to at least double the production volume, increase the production of chemical fertilizers 1.5-fold, and bring the export volume of fertilizers to $1 billion. This was on the agenda of a government meeting on
On December 3, Uzbekistan President Shavkat Mirziyoyev listened to proposals aimed at improving transportation management and reducing traffic congestion in Tashkent. In recent years, significant progress has been made in developing public transportation in the capital. The bus fleet has doubled to nearly 1,900 vehicles, and intervals have been reduced from 30 to 15 minutes.
The government of Kazakhstan has approved the conclusion of an investment agreement between the Ministry of Agriculture and the Turkestan Cotton Agro-Industrial Complex LLP for the cultivation and processing of cotton in the southern Turkestan region. The project will establish a full production cycle—from growing cotton to producing yarn, fabric, and finished garments. The project’s
At the Government session, Minister of Energy Yerlan Akenzhenov reported on strategic development plans for oil refining. According to the minister, in 2024 the volume of oil refining amounted to 17.9 million tons. Domestic refineries demonstrate a high level of digitalization, using advanced American and Japanese automated process control systems (Honeywell and Yokogawa). In accordance with
