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Business & Economy KZ

Hungarian company establishing agro-industrial park in Kazakhstan

Hungary’s Globalia Ltd is creating an agricultural industrial park in Kazakhstan’s Akmola region using the latest Hungarian agricultural technologies, the Kazakh Ministry of Agriculture reported. The agro-park will accommodate different types of agribusiness activities, demonstrating advanced agricultural practices, sustainable and environmentally friendly technologies, ensuring traceability of products from the producer to the end consumer, “from

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Business & Economy KZ

Kazakhstan to build 369 new schools before 2026

The implementation of the National Project “Comfortable School” was considered at a meeting in the Government on 29 July under the chairmanship of First Deputy Prime Minister Roman Sklyar. As reported by the Kazakh Government’s press service, the National Project “Comfortable School” provides for building 369 schools of a new format for 740 thousand pupils

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Business & Economy KG

China among the largest exporters to Kyrgyzstan

According to Kyrgyzstan’s National Statistical Committee, in 2023 trade turnover between Kyrgyzstan and China amounted to $5.433 billion, including Kyrgyzstan’s exports at $80.5 million and imports at $5.353 billion. In January-May 2024, bilateral trade amounted to $2.712 billion, including Kyrgyz exports at $38.8 million and imports at $2.673 billion. Chinese statistics on trade with Kyrgyzstan

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Business & Economy UZB

US company to produce thermal energy from medical waste in Uzbekistan

The President of Uzbekistan earlier this month signed a resolution “On measures to implement the investment project for the production of alternative thermal energy from medical waste”. The project will be implemented by a U.S. company, Sayar LLC, which has established a project company in Uzbekistan, called Sayar Green. An Investment Agreement has been signed

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Business & Economy KZ

ADB, Kazakhstan sign transaction advisory agreement for hydropower development program

The Asian Development Bank (ADB) says it has signed a transaction advisory services agreement with the Government of Kazakhstan for its Hydropower Development Program. ADB’s mandate is to work with the government to conduct pre-feasibility studies, assist in preparing auction documents and a template power purchasing agreement, and attract competitive offers to crowd in investors.

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Business & Economy KZ

EBRD lends $60 million to Kazakhstan’s Bank CenterCredit

The European Bank for Reconstruction and Development (EBRD) says it is promoting greater use of green technologies and creating growth opportunities for small firms in Kazakhstan by providing a financial package of US$ 60 million (€55.3 million) to the country’s major private lender, Bank CenterCredit (BCC). The package consists of a loan in Kazakhstan tenge equivalent to US$ 30

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Business & Economy KG

Two small hydropower plants launched in Kyrgyzstan

Kyrgyzstan President Sadyr Japarov on July 22 attended the opening ceremonies of two small hydroelectric power plants (HPPs) in the country’s southern Jalal-Abad region. One HPP, Kok-Art, is located in the Suzak district of Jalal-Abad region. Its construction began in August 2023. The plant has a capacity of 6.8 MW and an estimated annual electricity

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Business & Economy TJK

$50 million ADB grant to support climate-friendly business environment in Tajikistan 

The Asian Development Bank (ADB) said it has approved a $50 million policy-based grant to help the Government of Tajikistan foster a climate-responsive business environment and support small and medium-sized enterprises (SMEs) in the country. The Enabling Climate-Responsive Business Environment Improvement Program aims to transform Tajikistan’s business environment, including through digitalization, reforms to increase exports, improving infrastructure

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Business & Economy UZB

Chinese company to build a mining plant in Uzbekistan

Construction of the Surenata mining plant was launched last week in Parkent district of Uzbekistan’s Tashkent region, the Uzbek Ministry of Mining Industry and Geology reported. When completed, the new plant will produce 2.4 million tons of ore and one million tons of iron ore concentrate per year.   China’s Limaomaoli Metal Company is expected to

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Business & Economy KZ

Air transportation on the rise in Kazakhstan

According to the Kazakh Ministry of Transport, Kazakhstan’s airlines have transported about 5.5 million passengers since the beginning of this year, an increase by 17% compared to the same period last year. Today, domestic flights in Kazakhstan are operated by six airlines on 53 routes with a frequency of 640 flights per week. The state

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