Kazakhstan’s Deputy Minister of Foreign Affairs Alibek Kuantyrov last week met with President of Carlsberg Kazakhstan Vyacheslav Maltsev to discuss the Danish company’s plans to expand its activities in Kazakhstan and Central Asia. As reported by the Kazakh Foreign Ministry, Maltsev noted the favorable investment climate in Kazakhstan and told about a new Carlsberg Kazakhstan
Kazakhstan’s Ministry of Digital Development, Innovation and Aerospace Industry and Freedom Bank, on one side, and Tajikistan’s Agency for Innovation and Digital Technologies and Amonatbank, on the other side, last week signed a memorandum of cooperation in the development of IT technologies and innovations. The parties agreed to cooperate in the development of digital infrastructure
Kazakh Invest national company and the Chinese company Xinjiang Hengyuan Investment Management Co., Ltd. have signed a Memorandum of Understanding aimed at implementing a large-scale project to create a Kazakhstan-China Trade and Industrial Park in Astana. Xinjiang Hengyuan Investment Management Co., Ltd., based in Baiyang, China, with significant experience in executing similar projects, plans to build the
On August 19-21, a delegation of Kazakh Invest national company headed by the Chairman of the Board, Yerzhan Yelekeyev, visited Germany and held talks with major German companies. As reported by Kazakh Invest, at a meeting with representatives of WIS Kunststoffe Gmbh, which plans to produce compounds and plastics in Kazakhstan’s Atyrau region, the company’s general director, Sigmar
The Uzbek Ministry of Transport on August 20 announced the first container cargo transportation along a new multimodal route from the Indian ports of Mundra, Nhava Sheva and Chennai to Uzbekistan. The cargo was delivered by sea from India to the Iranian port of Bandar Abbas, and then by rail to the Sergeli station in
Uzbekistan President Shavkat Mirziyoyev earlier this week attended the ceremony to launch the construction of wind power plants in the country’s northwestern region of Karakalpakstan. A wind power plant with a capacity of 1 gigawatts and worth $1.2 billion will be built by the Chinese company Sany Renewable in Karakalpakstan’s Kungrad district. Another wind plant
The Keremet Bank in Kyrgyzstan said it suspended money transactions to several major Russian banks, RFE/RL’s Kyrgyz Service reported. Last week, another bank in Kyrgyzstan, MBank, made a similar move. The 24.kg website reported on August 21 that after visiting 16 banks in Bishkek, the news agency’s journalists found that in all, 13 banks have suspended monetary transactions to major Russian
The Asian Development Bank (ADB) on 21 August said it has approved a $17.5 million grant to help improve women’s agricultural skills and boost food security in Tajikistan. The Resilient Livelihoods and Empowerment of Rural Women Project aims to improve productivity of women-led farms, strengthen agriculture processing and storage facilities, and enhance support to vulnerable women in
The Chinese company Zijin Mining Group Co. Ltd plans to invest in developing gold, copper, and polymetallic deposits in Kazakhstan. The project was discussed last week in Astana by Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov and Zijin Mining Chairman Chen Jinghe. Zijin Mining is currently searching for a suitable deposit in
The KamaTyresKZ tyre-manufacturing plant in the city of Saran in Kazakhstan’s Karaganda region was put into operation on July 1 and during the first month of its operation produced about 30 thousand tyres, including 29 thousand tyres for passenger cars. The plant is a joint project with Russia’s Tatneft company. The plant’s production capacity is
