International investor interest in Central Asia and the Caucasus is rising rapidly, according to a new Investor Perception Report released by Montfort Eurasia. New data shows that interest from US and UK investors in the region has tripled since 2023 – despite lingering concerns over political stability and investment security. Investors showed particular interest in
During a state visit to Georgia on July 3, President of Uzbekistan Shavkat Mirziyoyev held talks with Prime Minister of Georgia Irakli Kobakhidze. The leader of Uzbekistan noted that his state visit to Georgia, the first by a President of Uzbekistan in more than two decades, holds special significance for elevating Uzbek-Georgian relations to a
A “Republic of Kazakhstan – United States of America” Business Roundtable was held in Astana last week, bringing together representatives of government agencies, the business community, international corporations, financial institutions, and expert circles from both countries. The event served as an important platform for discussing a new stage of Kazakhstan-U.S. economic cooperation based on investment,
The more time passes after the Issyk-Kul Forum held in Kyrgyzstan in June, the more I realize that its greatest value was not found in the official sessions or ceremonial speeches. It was found in the people, the ideas, and the honest conversations that continued long after the formal programme had ended. Chingiz Aitmatov’s legacy
The World Bank’s Board of Executive Directors has approved a major project to modernize Tajikistan’s water and irrigation systems and support ongoing reforms, bringing improved irrigation services and economic opportunity to approximately 470,000 farmers and rural community members across the country. The Second Strengthening Water and Irrigation Management (SWIM-2) project will be financed by a $75 million grant
THE SILK ROAD’S NEW REALITY In 2013, China’s newly nominated President Xi Jinping gave a much-heeded speech in Astana, Kazakhstan’s brushed-up capital. His main concern focused on nothing less than how to invigorate the ancient Silk Roads, “in order to promote people-to-people friendship”. After eleven years, in 2024, jointly with Kazakhstan’s President Tokayev, Xi Jinping
President Shavkat Mirziyoyev on July 1 reviewed proposals to develop Uzbekistan’s transport and logistics system and make more effective use of the country’s transit potential. Today, Uzbekistan has broad opportunities to become a major land transport hub connecting East and West. Four thousand kilometers of international transit corridors pass through the country’s territory, and the
A Special Commission has commenced the dismantling of greenhouses and the disconnection of their heating systems in the Kibray, Tashkent, Zangiota and Yukorichirchiq districts of Tashkent Region, the National Committee on Ecology and Climate Change said. During the autumn and winter seasons, many greenhouses relied on coal, fuel oil, used vehicle tires, and other environmentally
The Ministry of Artificial Intelligence and Digital Development of Kazakhstan, Citi, and Freedom Holding Corp. have signed a trilateral Memorandum of Understanding to jointly develop a large-scale AI cluster. The key objective of the partnership is to establish an artificial intelligence cluster powered by advanced GPU technologies, along with the construction of a state-of-the-art data
Music truly knows no borders. During his visit to Paraguay, Marat Akhmedjanov, the founder of the British publishing house Hertfordshire Press and patron of the Eurasian Creative Guild (London), had the pleasure of meeting one of the country’s most distinguished musicians and one of the leading figures in Latin American classical music, Maestro Diego Sánchez
The World Bank’s Board of Executive Directors has approved a $100 million grant from the International Development Association (IDA) to support foundational economic reforms, including in the digital, aviation, and energy sectors, aiming to open up the economy and generate more and better-paid jobs in Tajikistan. The Second Competitive and Inclusive Tajikistan Development Policy Operation builds on the first
The Uzbekistan–Georgia Business Forum was held in Tbilisi on July 1, providing a platform for advancing bilateral trade, investment and industrial cooperation between the two countries. The event brought together government officials, financial institutions and business leaders from Uzbekistan and Georgia to explore new opportunities for economic partnership, according to the Uzbek Ministry of Investments,
As part of his official visit to Turkmenistan on July 1, Minister of Foreign Affairs of Kazakhstan Yermek Kosherbayev was received by the President of Turkmenistan, Serdar Berdimuhamedov. During the meeting, the Kazakh Foreign Minister conveyed warm greetings and best wishes on behalf of the President of Kazakhstan Kassym-Jomart Tokayev. Kosherbayev underscored the special importance
The World Bank’s Board of Executive Directors has approved financial support for the Government of Uzbekistan to improve learning outcomes in primary schools across six regions and to help students acquire the foundational skills needed to access more productive and better-paid jobs in adulthood. The financial package includes $100 million in concessional financing from the International
The “Investing in Central Asia: Opportunities and Partnerships” session dedicated to attracting capital from the Gulf countries and China was held on the second day of the Eurasian Development Bank’s (EDB) Annual Meeting and Business Forum in Almaty last week. Ruslan Dalenov, Deputy Chairman of the EDB Management Board, noted that the Bank envisages five
From June 26-27, the U.S. Army Civil-Military Support Element (CMSE), in partnership with the Red Crescent Society of Kyrgyzstan (RCSK) and the American Corner in Naryn, helped improve eye health in Naryn through a comprehensive medical intervention and education program called “Naryn Eye”. A group of U.S. Army medical providers began a Medical Civic Action
President Shavkat Mirziyoyev held a meeting with young people on the occasion of June 30 – Youth Day. “From the very beginning of the reforms, we identified supporting young people and helping them achieve their dreams and aspirations as one of the highest priorities of state policy,” the President said. Mirizyoyev emphasized that, in today’s increasingly
The new Constitution of Kazakhstan has come into force on July 1, and the country’s bicameral Parliament will now be replaced by a unicameral Kurultai. “The entry into force of the new Constitution is a historic event that will have a direct impact on the future of our nation. Our Basic Law opens the way
The Delegation of the European Union to Uzbekistan, the United Nations Development Programme (UNDP), and the Ministry of Higher Education, Science and Innovation of Uzbekistan last week marked the successful completion of the project “Enhancing the Capacities of Surkhandarya Region to Educate and Train Afghan Citizens.” The milestone was celebrated during a vibrant Career Festival and closing
The Eurasian Development Bank (EDB) and AKASHI DATA CENTER PLC have agreed on key terms for financing the first phase of construction of a Tier IV data center in Kazakhstan in the amount of US $90 million. The agreement was signed last week in Almaty on the sidelines of the EDB’s Annual Meeting and Business