The National Investment Agency under the President of the Kyrgyz Republic, Vasta Discovery LLC (Russia), and the Eurasian Development Bank (EDB) have signed a trilateral Memorandum of Cooperation on the creation of Baytik Mountain Resort in Kyrgyzstan. The signing ceremony of the Memorandum was attended by Talantbek Imanov, Director of the National Investment Agency, Sergey
The Central Securities Depository (CSD) of Kazakhstan said on July 11 that it had ordered brokers and management companies to divest Russian securities from their holdings by August 1, Current Time reported. The CSD’s press service said the move was necessary to adhere to U.S. sanctions imposed on the Moscow Stock Exchange (MSE) and its structures. In
The U.S. government through the U.S. Agency for International Development (USAID) and Nookat Almasy Cooperative have opened the largest cold storage facility in Nookat district in Kyrgyzstan’s southern Osh region that will generate 200 full-time jobs and help farmers expand their sales and market opportunities. With a total storage capacity of 1,000 tons, the facility will enhance
During a visit to the Russian Federation on July 8, Laziz Kudratov, Minister of Investment, Industry and Trade of Uzbekistan, participated in the first meeting of the Working Group on increasing trade turnover between Uzbekistan and Russia. Kudratov emphasized the exemplary nature of the development of Uzbek-Russian relations, achieved thanks to the firm political will
The Ambassador of the Kyrgyz Republic to Japan Mr. Erkinbek Osoev on July 4 in Tokyo took part in the second meeting of a business dialogue “Central Asia and Japan”. The event was attended by Ambassadors of the Central Asian countries in Japan, President of the Japanese Association for Trade with Russia and the New Independent States
The European Bank for Reconstruction and Development (EBRD) on July 2 said it is contributing to Uzbekistan’s objective of developing up to 25 GW of solar and wind capacity by 2030, by organising a facility of up to US$ 229.4 million for the development, design, construction and operation of a 500 MWh battery energy storage system (BESS)
At the Kazakhstan-China roundtable in Astana on July 2, 44 documents were signed amounting to over $3.7 billion. The agreements aim to develop joint projects in energy, transport, industry, agriculture, and high technology, Kazakh Invest national company reported. In particular, national railways company Kazakhstan Temir Zholy JSC and Lianyungang Port Group signed an agreement to invest in the construction
The Asian Development Bank (ADB) on 1 July said it is providing $50 million to support fiscal and public management reforms in the Kyrgyz Republic to enable more public funding for the nation’s low carbon transition and climate adaptation needs, and integrate gender inclusiveness into budget processes. The funding for subprogram 1 of the Sustainable Fiscal
According to the new research paper “Drinking Water Supply and Sanitation in Central Asia” released by the Eurasian Development Bank (EDB), almost 10 million people, or 14% of the population, have poor access to safe drinking water in Central Asia. Water withdrawals for drinking and domestic uses increased twofold to reach 8.6 km3 between 1994
On June 27, Uzbekistan President Shavkat Mirziyoyev left his signature on the first electric vehicle that rolled off the assembly line of the joint venture BYD Uzbekistan Factory in the country’s Jizzakh region. In the first phase of the project, with a cost of $160 million, the new plant will have a production capacity of
