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Business & Economy UZB

UN launches projects to address environmental and health challenges in Karakalpakstan

The United Nations, in collaboration with the Government of Karakalpakstan, announced the launch of two projects to tackle pressing environmental and health issues in the northwestern region of Uzbekistan.  The projects, supported by the Multi-Partner Human Security Trust Fund for the Aral Sea Region include: the UNICEF project, “Enhancing Climate-Resilient and Safe Water, Sanitation, Hygiene,

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Business & Economy UZB

Afghanistan, Uzbekistan sign investment, trade agreements worth $2.5 billion

Afghanistan and Uzbekistan signed 35 investment and trade agreements worth $2.5 billion during Uzbekistan Prime Minister Abdulla Aripov’s visit to Kabul on August 17, TOLOnews reported. According to the Economic Deputy of the Afghan Prime Minister’s Office, 12 agreements worth $1.4 billion were signed in the investment sector, and 23 agreements worth $1.1 billion were

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Business & Economy UZB

New wastewater treatment plant will be built in Uzbekistan’s Tashkent region

The government of Uzbekistan and a consortium of companies including Abu Dhabi Sustainable Water Solutions (UAE), SUEZ (France) and Marubeni (Japan) have signed a Joint Development Agreement for the construction of a new modern wastewater treatment plant in the Kuichirchik district of the Tashkent region, the Uzbek Ministry of Investment, Industry and Trade said. SUEZ

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Business & Economy KG KZ TJK

EDB member states show robust growth supported by industrial production and domestic demand

The Eurasian Development Bank (EDB) has released the latest Macroeconomic Review for the Bank’s six member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. EDB’s analysts note that most member countries continue to display robust growth: the aggregate GDP of the EDB’s region of operations increased by 4.6% YoY in January-June 2024, after an increase

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Business & Economy KG

Kyrgyzstan imports electricity from Kazakhstan, Turkmenistan, Uzbekistan and Russia

In the first half of 2024, Kyrgyzstan imported 2.02 billion kWh of electricity, including 909.8 million kWh from Russia and Kazakhstan, 837.5 million kWh from Turkmenistan, and 275.3 million kWh from Uzbekistan, Kyrgyz Minister of Energy Taalaibek Ibrayev told a press conference in Bishkek earlier this month. In 2023, electricity imports amounted to 3.2 billion

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Business & Economy KZ

Kazakhstan and Turkey increase trade in agricultural products

A number of documents were signed for Turkish investments in Kazakhstan’s agro-industrial sector and trade in agricultural products for a total of $2 billion during a visit of Kazakh Minister of Agriculture Aidarbek Saparov to Turkey on August 12. With the participation of Turkish investors, six projects have already been implemented in Kazakhstan, and 10

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Business & Economy TKM

Turkmenistan’s only mobile network operator halts SIM card sales

The only mobile network operator in Turkmenistan, Altyn Asyr, has stopped selling SIM cards to clients, citing a limited capacity for new telephone numbers, RFE/RL’s Turkmen Service reported. Residents of the Turkmen capital, Ashgabat, told RFE/RL that many teenagers who became eligible to purchase telephones and SIM cards after they reached 16 and obtained their

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Business & Economy KZ

UNDP presents results of project on de-risking investments in Kazakhstan green energy sector

The United Nations Development Programme (UNDP) in Kazakhstan has presented the results of the project to reduce the risks of investing in renewable energy technologies. At the final event of the project, which was implemented by UNDP in partnership with the Ministry of Energy of Kazakhstan and with financial support from the Global Environment Facility

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Business & Economy UZB

Uzbekistan citizens granted amnesty to illegally seized land plots

Uzbekistan President Shavkat Mirziyoyev has signed the law “On recognition of ownership rights to illegally seized land plots and buildings built on them.” Many citizens of the country waited for this law for a long time, as it concerns the lives of millions of families. According to preliminary estimates, there are currently more than 3.6

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Business & Economy KG KZ

Traveling on toll road between Almaty and Lake Issyk-Kul may cost $10-$25

Travel on the planned highway that will connect Kazakhstan’s largest city, Almaty, and Kyrgyzstan’s Lake Issyk-Kul would cost between $10 and $25, Tazabek news agency reported citing Kylychbek Jakypov, the Asian Development Bank’s (ADB) representative and national coordinator of Almaty-Bishkek Economic Corridor. Almaty is only 80 kilometers away from Issyk-Kul, which is renowned for its

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