EURASIAN STAR LOGO
Business & Economy UZB

Uzbekistan to launch ‘Eco-Active Citizen’ project

The Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan, together with the Ministry of Digital Technologies, has proposed launching the “Eco-Active Citizen” project by June 1, 2025. The initiative will be implemented as part of the nationwide movement “One Million Green Families” and will include the “Healthy Lifestyle” platform. This proposal is outlined

Read More
Business & Economy KG UZB

Kyrgyzstan exporters expand presence in Uzbek market

The Trade Mission of the Kyrgyz Republic in Uzbekistan has signed a memorandum of cooperation with Food City Tashkent LLC. The memorandum is aimed at developing trade and economic relations between the Kyrgyz Republic and Uzbekistan, as well as creating the necessary conditions for promoting Kyrgyz exporters to the Uzbek market. As part of the

Read More
Business & Economy KZ

Kazakhstan’s leap in education investment: a model for global progress

Most countries are coming to the understanding that the most promising investments for the future are investments in the education system. And those who rely on the creation of investment funds aimed at financing new educational institutions or educational programs always come out on top, reads the following article by Louis Theroux published by London Post.

Read More
Business & Economy UZB

Uzbekistan supports domestic freight forwarders

On January 11, Uzbekistan President Shavkat Mirziyoyev held a government meeting on measures for further development of the transport and logistics system. Over the past seven years, thanks to the support of domestic carriers, the number of their fleet has increased 7 times and the number of cargo vehicles has reached 26,000. Their share in

Read More
Business & Economy TJK

Tajikistan declares 2025-2030 the Years of Digital Economy and Innovation Development

On January 8, Tajikistan President Emomali Rahmon signed a decree declaring 2025-2030 the “Years of Digital Economy and Innovation Development”. According to a commentary to the presidential decree published on Rahmon’s official website, during the Years of Digital Economy and Innovation Development, Tajikistan will take steps towards digitalization of the national economy and the development of

Read More
Business & Economy KG

Kyrgyzstan: Government takes steps to reduce air pollution in Bishkek

Late in December, Kyrgyzstan’s Deputy Chairman of the Cabinet of Ministers, Bakyt Torobayev held a meeting on the fulfillment of the government’s plan of priority measures to improve air quality in the capital city of Bishkek for 2024-2025. The plan was approved in February 2024 and included measures to provide the population with high-calorie coal

Read More
Business & Economy Eurasia

Afghanistan’s foreign trade exceeded $12 billion in 2024

Afghanistan’s trade volume in 2024 exceeded $12 billion, with a 38-percent increase in imports year-on-year and a 4-percent decrease in exports, Xinhua reported with reference to the country’s Ministry of Commerce and Industry. “Afghanistan’s total trade stood at 12.42 billion dollars in 2024, of which the country’s export volume reached 1.8 billion dollars, while imported

Read More
Business & Economy KZ

Kazakhstan releases water from reservoirs to prepare for spring floods

The Ministry of Water Resources and Irrigation of Kazakhstan has reported that it is releasing water from the country’s reservoirs to make room for receiving snowmelt water in case of flooding next spring.   In the spring of 2024, Kazakhstan’s western and northern regions suffered from unprecedented floods caused by the rapid snowmelt. According to

Read More
Business & Economy TJK

AIIB supports renewable energy development in Tajikistan and Central Asia

The Asian Infrastructure Investment Bank (AIIB) said that on December 19, 2024 it approved a multiphase program with a total financing envelope of USD500 million, and Phase 1 Loan of USD270 million, to support Tajikistan in completing the Rogun Hydropower Plant Project (Rogun HPP). With a projected installed capacity of 3,780 megawatts, Rogun HPP will provide

Read More
Business & Economy UZB

Uzbekistan: $1 billion allocated for employment program

Uzbekistan President Shavkat Mirziyoyev has been reported on measures to ensure employment of the population and increase incomes in mahallas (neighborhoods) with the participation of banks. A total of 5.2 million people are planned to be employed in 2025, of which more than 3 million with the assistance of banks. Agreements on cooperation to provide

Read More
Business & Economy KZ

Kazakhstan’s digital breakthrough

In the era of rapid technological progress, information technology permeates all spheres of life. IT technologies are a competitive advantage in today’s global market. Kazakhstan, being at the forefront of the digital transition, is dynamically developing its IT sector, making it one of the drivers of its economic growth. The export of IT services has

Read More
Business & Economy KG

US government supports dairy sector in Kyrgyzstan

More than 500 people in the agricultural sector will benefit from advanced cattle management, fodder cultivation, and artificial insemination initiatives supported by the U.S. government through the United States Agency for International Development (USAID). The new partnerships drive economic growth in the south of the Kyrgyz Republic by strengthening the dairy value chain and livestock breeding.

Read More
Business & Economy KZ

Kazakhstan is the leader in attracting investments for new projects in North and Central Asia region

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has released its 2024 report on investments in the region. According to the report, Kazakhstan attracted $15.7 billion in new projects, securing its position as the leading destination for investments in the North and Central Asia region, Kazakh Invest reported. In 2024,

Read More
Business & Economy Eurasia World

Chinese company to build cement plant in Afghanistan

Afghanistan’s Ministry of Mines and Petroleum has signed a contract for the construction of a major cement production plant in Logar with a Chinese company that also has an Afghan partner, TOLOnews reported. Hedayatullah Badri, acting minister of mines and petroleum, stated during the contract signing ceremony that approximately $145 million will be invested in

Read More
Business & Economy Eurasia UZB

‘Work in the EAEU’ app launched in Uzbekistan

As of 20 December 2024, the “Work in the EAEU” mobile app, developed by the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives, has launched public and commercial services for migrant workers in Uzbekistan. This enables individuals seeking employment in Uzbekistan to access the necessary services directly from their smartphones, the EDB said.  The Eurasian

Read More
Business & Economy KZ

EDB and Qazaq Green to develop renewable energy in Kazakhstan

The Eurasian Development Bank (EDB) and the Qazaq Green Renewable Energy Association (Qazaq Green) have signed a Memorandum of Cooperation to facilitate research and exchange information on renewable energy projects, among other initiatives. The document was signed by Azamat Tyuleubai, Senior Managing Director and Head of the EDB Project Unit, and Nurlan Kapenov, Chairman of

Read More
Business & Economy KZ

EDB to finance upgrade of heat and power plant in Kazakhstan’s Karaganda

The Eurasian Development Bank (EDB), represented by Ruslan Dalenov, Vice Chairman of the Management Board, and Karaganda Energotsentr, a 100% subsidiary of Kazakhstan Utility Systems, represented by Flyur Garipov, General Director, have signed a 13-year, US $240 million long-term loan agreement to finance the modernization and expansion of Karaganda Combined Heat and Power Plant 3

Read More
Business & Economy UZB

Uzbekistan to establish project office to develop agriculture, industry and tourism in Karakalpakstan

On December 23, Uzbekistan President Shavkat Mirziyoyev chaired a meeting on the priority tasks for 2025 to utilize additional opportunities and increase investments and employment in the northwestern region of Karakalpakstan. A project office will be established to develop three main areas in Karakalpakstan – agriculture, industry, and tourism. The office will analyze the growth

Read More
Business & Economy UZB

EBRD finances construction of high-voltage transmission line in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) says it is increasing the reliability and sustainability of Uzbekistan’s electricity supply by helping to finance the construction of a new high-voltage transmission line connecting the country’s north-western and south-western regions. The EBRD is issuing a sovereign loan of up to US$ 66.4 million (€63.9 million) to the

Read More
Business & Economy UZB

Uzbekistan to launch a new solar plant with World Bank support

The World Bank has approved $3.5 million in financing for Uzbekistan in the form of a payment guarantee to support the country’s development of renewable energy. This support will secure the obligations of the state-owned National Electric Grid of Uzbekistan JSC to purchase electricity from a new 100-megawatt (MW) solar power plant to be constructed

Read More