The European Bank for Reconstruction and Development (EBRD) and Kazakhstan are joining forces to support the modernization and development of the national mining sector. They will cooperate on activities that can contribute to better governance, transparency and regulation of the sector in line with best international standards and practices, the EBRD reported. The Memorandum of Understanding (MoU)
On May 24-28, the 6th ECG Film Festival will be held at Premier Cinemas Romford in London. This festival is proudly joining forces with the renowned Romford Film Festival for the 6th consecutive year, promising a diverse and captivating lineup of films. Founded by the Eurasian Creative Guild and serving as a cultural bridge between
Uzbekistan’s Foreign Labor Migration Agency on May 17 called on the Central Asian nation’s citizens who may have broken laws in Russia to avoid travel to neighboring Kazakhstan, citing Kazakh-Russian agreements on joint efforts against crime, RFE/RL’s Uzbek Service reported. According to the agency, Uzbeks registered in Russia’s database as violators will be arrested if they cross
The Kyrgyz government said 29 people were injured, including three foreigners, in mob violence in Bishkek on the night of May 17-18 that appeared to be directed against foreign students and migrants, RFE/RL’s Kyrgyz Service reported. The violence prompted diplomatic reactions from Pakistan and India, who warned their students in Bishkek to remain indoors. The
The European Bank for Reconstruction and Development (EBRD) says it is supporting inclusive lending in Kazakhstan by providing new funds to the country’s leading microfinancier, KMF. KMF has been an EBRD client for almost two decades. The financial package of up to US$ 25 million (€ 23.2 million) will be disbursed in local currency, the Kazakh tenge (KZT)
Alisher Kadyrov, the leader of the National Revival party and vice-speaker of the Legislative Chamber of the Uzbek parliament, has proposed that those who do not know the Uzbek language should not work in the civil service and should not be able to use government services in Uzbekistan, Radio Ozodlik reported. Kadyrov made such comments
On May 16 in Astana, Kazakhstan President Kassym-Jomart Tokayev met with secretaries of the Security Councils of the five Central Asian countries. The Kazakh president noted that the meeting was an important stage in the preparation for the Sixth Consultative Meeting of the Heads of State of Central Asia, which will be held in Astana
The European Bank for Reconstruction and Development (EBRD) on May 15 said it is pledging new funds to support inclusive lending to the smallest customers in remote areas of Tajikistan. The Bank is providing a financial package of US$ 4 million (€3.7 million) to one of the country’s leading microlenders, MDO HUMO. HUMO, the winner of
According to the latest Regional Economic Prospects (REP) report published by the European Bank for Reconstruction and Development (EBRD), Central Asian economies in 2024 are expected to see growth slowing to 5.4 percent. However, a rebound to 5.9 percent is expected in 2025. The report notes that intermediated trade with Russia, which had been a significant growth
The International Finance Corporation (IFC), a member of the World Bank Group, has announced it will invest up to $5 million in Sturgeon Emerging Opportunities II, a new venture capital fund managed by Sturgeon Capital, a major venture capital investor. The money will help promote digital economies and support the growth of early-stage tech startups
