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Business & Economy KZ

Kazakhstan’s IT services export exceeds $470 million

Kazakhstan’s IT services export surpasses $470 million According to Kazakhstan’s Minister of Digital Development, Innovation and Aerospace Industry, Zhaslan Madiyev, during the first 9 months of 2024, IT export of Kazakhstan amounted to $471 million, 26% more than for the same period of 2023. The goal is to reach $1 billion in 2026. Astana Hub

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Business & Economy UZB

Shavkat Mirziyoyev’s Poultry Farming Plans Explained

Shavkat Mirziyoyev’s Vision for Poultry Farming Plans On January 21, Uzbekistan President Shavkat Mirziyoyev was reported on plans for the development of poultry farming and the effective use of pastures. These sectors play a crucial role in ensuring food security and the availability of food products. The goal for this year is to increase poultry

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Business & Economy TJK

Tajikistan president outlines tasks for 2025

Speaking at a government meeting on January 17, President of Tajikistan Emomali Rahmon ordered the government to ensure the country’s economic growth of at least 8% in 2025, his press service reported. Rahmon instructed to focus on transitioning to a green economy, accelerating the digitization of all sectors of the national economy, and expanding non-cash

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Business & Economy KZ

Kazakhstan and China to open a multifunctional center in Astana

The Minister of Trade and Integration of Kazakhstan, Arman Shakkaliyev and Jiangsu SOHO Holdings Group Co. Ltd. from Jiangsu Province in east China have agreed on the establishment of a multifunctional center in the Kazakh capital, Astana, the Ministry of Trade and Integration reported. The new center will facilitate the development of Kazakh-Chinese trade and

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Business & Economy KG

Kyrgyzstan adopts national action plan on business and human rights

Kyrgyzstan’s New Action Plan on Business and Human Rights The Cabinet of Ministers of the Kyrgyz Republic has approved the Programme of Implementation of the UN Guiding Principles on Business and Human Rights for 2025-2027 and an Action Plan for its implementation. This makes Kyrgyzstan the 21st country in the world and the first in Central

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Business & Economy UZB

Uzbekistan: New approaches to poverty reduction

On January 17, Uzbekistan President Shavkat Mirziyoyev was reported on new approaches to ensuring population’s employment and poverty reduction. This year it is planned to ensure employment of 5.2 million Uzbek citizens and bring 1.5 million people out of poverty. For the first time 60 districts and cities will become territories free of poverty and

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Business & Economy KZ

Railway cargo transportation between Kazakhstan and China reaches all-time high

The Kazakh Ministry of Transport has reported that in 2024, the railway cargo transportation between Kazakhstan and China reached an all-time high of more than 32 million tons.   Kazakhstan’s rail exports to China increased by 1 million tons to 13.7 million tons. The main export items were iron and non-ferrous ore, ferrous and non-ferrous

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Business & Economy Eurasia KG KZ TJK UZB

EBRD sets an investment record in Central Asia

The European Bank for Reconstruction and Development (EBRD) says it has set a new operational record in Central Asia by investing €2.26 billion through 121 projects in six regional economies last year – almost doubling its annual investment in Central Asia compared with 2023. It also mobilized €784 million from co-financiers, thus bringing more than

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Business & Economy KZ

High-tech drones to be produced in Kazakhstan

With the support of JSC Kazakh Invest, Yesil Technology Company will establish the production of industrial unmanned drones in Kazakhstan. The project involves the construction of an industrial and research area of 50,000 square meters. The zone will include a workshop for the production of batteries, a research center for innovative technologies, full-cycle machine storage, and

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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