The first meeting of the Kazakhstan-Mongolian Business Council was held in Ulaanbaatar with the participation of Minister of Digital Development of Kazakhstan Zhaslan Madiyev, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov and representatives of the business community of the two countries, Kazakh Invest reported. Speaking at the meeting, Ospankulov informed the participants
On October 24, Prime Minister of Kazakhstan Olzhas Bektenov inspected the construction of a light rail transport (LRT) line in the capital, Astana, the government’s press service reported. Akim (Mayor) of Astana Zhenis Kasymbek reported that to date, the laying of the beams of the LRT flyover has been completed. By the end of 2024,
In October 2024, the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives allocated the first tranche for a project to establish a National Digital Investment Platform in Kazakhstan. The project aligns with the digital agenda of EDB member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan, aiming to accelerate the development of the digital
Digitalization of customs administration and cargo transportation is becoming a key priority for Kazakhstan as it seeks to strengthen its position in the international arena and become a leading player in the Eurasian Economic Union (EAEU). Effective digitalization and integration with international trade routes can provide Kazakhstan with significant economic advantages, Rosreporter writes in an
According to the Kazakh Ministry of Agriculture, this year the total area of agricultural crops in Kazakhstan was 23.3 million hectares, of which 16.7 million hectares were sown with cereals. To date, field work is 99.7% complete and 26.5 million tons of grain have been threshed. At the Government session on October 23, Deputy Minister
The Asian Development Bank (ADB) has approved a $86.67 million grant to help Tajikistan further improve national road connectivity by developing a demonstration green corridor in the country. The project will upgrade the existing degraded two lane 49-kilometer Dangara–Guliston road, widening this to four lanes. The project is the first to pilot the innovative methods promoted in
Kazakhstan’s longest bridge was opened in East Kazakhstan Region on October 21 across the Bukhtarma reservoir. The two-lane automobile bridge is 1,316 meters long, and up to 80,000 vehicles can pass through it per day. At a meeting with local residents at the opening ceremony, Prime Minister Olzhas Bektenov said that the new bridge, which
On October 21, Uzbekistan President Shavkat Mirziyoyev attended a presentation of projects for recycling household waste and producing electricity and products from it, the president’s press service reported. Uzbekistan generates 14 million tons of waste annually. However, only 4-5 percent of it is recycled. Over 7 million tons of greenhouse gases and 43 thousand tons
The United States Agency for International Development (USAID) sponsored the fourth International Khatlon Invest and Bokhtar Food Forum–2024 from October 17 to 18 in Tajikistan’s Khatlon region. Co-hosted by the Khatlon Regional Government and the Export Development Agency of Tajikistan, and other international partners, this event enhanced regional trade and connectivity across Central Asia and
Änjali Kaur, Deputy Assistant Administrator of the United States Agency for International Development (USAID), and David Hoffman, USAID Mission Director in Uzbekistan on October 11 participated in the opening ceremony of a new fertilizer production plant established by Ifoda Agro Kimyo Himoya LLC. Ifoda, one of Uzbekistan’s leading fertilizer producers and a recipient of USAID’s Fertilizer
The Asian Development Bank (ADB) and Arnur Credit Limited Liability Company have signed a senior unsecured loan of up to $5 million (in tenge equivalent) to expand access to finance for micro, small, and medium-sized enterprises (MSMEs) in Kazakhstan, with a focus on women-led MSMEs (WMSMEs) and as well as green loans. Arnur Credit will
The third meeting of the Kazakh-Brazilian Business Council was held in Porto Alegre on October 14. Lucas Redeсker, Chairman of the International Affairs Committee of the Brazilian National Congress; Bolat Nussupov, Ambassador of Kazakhstan to Brazil; Marcel Biato, Ambassador of Brazil to Kazakhstan; and Marat Birimzhan, representative of JSC NC KAZAKH INVEST in the Americas participated. The meeting
The U.S. Agency for International Development (USAID), in partnership with the State Committee for Investments and State Property Management of Tajikistan, the State Business Incubator, and the public organization Toji Nurafshon (Tajikistan Venture Capital) hosted the Startupstan Summit 2024 in Dushanbe on October 12-13. The Startupstan Summit 2024 is a platform to foster partnerships among
The Ministry of Water Resources and Irrigation of Kazakhstan said it had sent 977 million cubic meters of water to the Aral Sea during this year’s irrigation season, or 98% of the plan. In recent years, only 350-400 million cubic meters of water flowed into the sea during irrigation seasons. Since the beginning of
Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov on October 9 met with the delegation of the U.S. Trade Mission, headed by Deputy Assistant Secretary of State for Europe and Eurasia David De Falco and U.S. Ambassador to Kazakhstan Daniel Rosenblum. The parties discussed expanding strategic cooperation with the United States, focusing on developing
The Asian Development Bank (ADB) has approved additional grant financing of $15 million to help Tajikistan scale up an ongoing project to reconnect the country’s power system to the Central Asian Power System (CAPS) through interconnections with neighboring Uzbekistan. “Through the Central Asia Regional Economic Cooperation (CAREC) program, ADB actively promotes regional power trade among countries in
Authorities in Turkmenistan have begun confiscating the passports of individuals trying to leave the country if they have outstanding bank loans, RFE/RL’s Turkmen Service reported. The move is seen as a major blow to many who are migrant workers heading abroad to earn badly needed cash to send home. RFE/RL’s Turkmen Service reports that authorities
The World Bank’s Board of Executive Directors has approved a financial package of $800 million in highly concessional loans to support the Uzbek government’s structural reform program, which aims to improve Uzbekistan’s business environment, boost efficiency in agriculture, railways, and energy sectors, enhance public finance management, expand social protection services, and strengthen the country’s preparedness for
The Asian Development Bank (ADB) has raised its growth forecast for Uzbekistan for 2024 and 2025 after economic growth in the first half of 2024 outpaced expectations due to higher investment and strong expansion in industry. This was presented on 3 October by ADB Regional Lead Economist for the Central and West Asia Department Kiyoshi
IFC, a member of the World Bank Group, says it has signed an agreement with Ipak Yuli Bank to provide a syndicated loan of up to $42 million, aimed at increasing access to financing for smaller businesses and women entrepreneurs across Uzbekistan. With 25 percent of the funding earmarked for women-run businesses, this initiative is
