The European Bank for Reconstruction and Development (EBRD) says it is making its first direct equity investment in the graphite and critical raw materials sector in Central Asia by acquiring a stake in Sarytogan Graphite Limited, an Australian Securities Exchange-listed company involved in the exploration of the Sarytogan graphite deposit in the Karaganda region of central Kazakhstan. The
On August 9, Astana hosted a business forum in the framework of the “Central Asia + Japan” dialogue. The event, organized by national company Kazakh Invest and Japanese association ROTOBO, was an important platform for strengthening trade, economic and investment ties between the countries of the region and Japan, Kazakh Invest reported. Speaking at the event,
At the Kazakhstan-Uzbekistan business forum in Astana on August 7, the two countries agreed on joint implementation of 34 investment projects worth $4.4 billion and signed trade contracts worth $2.6 billion. As reported by the Kazakh government’s press service, the joint projects will be implemented in energy, mining and geology, transport, chemical industry, construction, electrical
Kazakhstan’s Ministry of Transport says works have begun on dredging the port of Kuryk on the Caspian Sea coast. The bottom at the port will be deepened by 1.5-2 meters, which will increase its cargo transshipment capacity and further increase the potential of the Trans-Caspian International Transport Route (TITR). A large European company, Jan de
The Asian Development Bank (ADB) on 6 August said it has approved a $21 million grant as additional financing to expand the supply of renewable energy in Tajikistan by further modernizing the Golovnaya hydropower plant. “The electricity from the Golovnaya hydropower plant goes to national and regional grids, benefiting Tajikistan and neighboring countries,” said ADB Director General
On August 5, the French transport and logistics airline CMA CGM Air Cargo made its first flight on the Zhengzhou (China)-Navoi (Uzbekistan)-Paris (France) route. The French aircraft landed in Navoi at 06:27 local time. According to tradition, the cargo aircraft was greeted with a water arch, the Uzbekistan Airports Joint Stock Company reported. It is
The United Nations Development Programme (UNDP) in Turkmenistan, as part of the Country Component for Turkmenistan of the regional project “Promoting Resilient Communities to Prevent Violent Extremism in Central Asia,” hosted a series of mentoring trainings for youth on the fundamentals of sustainable agriculture. These trainings, held from July 22 to July 30, 2024, in the
Turkmenistan President Serdar Berdimuhamedov on July 31 in Ashgabat met with the Minister of Energy and Natural Resources of Türkiye, Alparslan Bayraktar. During the meeting, the Turkmen president said that Turkmenistan is ready to continue cooperation with Türkiye in the energy sector, particularly in the transportation of Turkmen natural gas to Türkiye and on to
The Asian Development Bank (ADB) has approved two policy-based loans totaling $400 million that support the Government of Uzbekistan’s initiatives to enhance the country’s financial markets and develop a sustainable, market-led power sector. “Strong participation of the private sector is vital to Uzbekistan’s economic growth and transformation,” said ADB Director General for Central and West
The World Bank’s Board of Executive Directors on July 31 approved $27 million for the National Community Initiatives Project (NCIP) for the Kyrgyz Republic. The project aims to improve access to socio-economic infrastructure and increase economic opportunities at the local level, with a focus on women and youth. “The National Community Initiatives Project builds on more
