In the first half of 2025, the production of gasoline and diesel fuel in Kazakhstan reached record high levels: 3.1 million and 3 million liters, respectively. Compared to the same period last year, gasoline production increased by 16.3% and diesel production by 16.9%, Energyprom.kz reported. In February this year, gasoline prices in Kazakhstan were released
China National Heavy Duty Truck Group (Sinotruk), a Chinese state-owned truck manufacturer, and Kazakhstan’s Saran Machinery have established a joint venture for the production of commercial and specialized vehicles in Kazakhstan. The founding agreement was signed on August 12 in attendance of Kazakhstan’s First Deputy Prime Minister Roman Sklyar. The new plant will be located
On August 14, Uzbekistan President Shavkat Mirziyoyev reviewed a presentation on measures to expand waste processing in the country. Over the past three years, more than 2 trillion UZS have been allocated for this sector. Last year, the Waste Management and Circular Economy Development Agency was established. For enterprises engaged in waste management, 1,200 new
The southern and western regions of Kazakhstan are “champions” in terms of birth rate. But instead of staying to live in their home regions, many young people from these agricultural and industrial regions move to big cities such as Almaty and Astana, exacerbating the already high competition for jobs there, Orda.kz reports. In his Tengenomika
On August 13, President Shavkat Mirziyoyev chaired a meeting to discuss leveraging the export potential and reserves in the textile industry. Textiles is one of the key sectors, accounting for 3 percent of the country’s economy and 14 percent of industrial production. The industry employs more than 500,000 people. Over the past five years, 396
Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, Gabidulla Ospankulov, met in Astana on August 13 with Shimon Ben Hamo, Chairman of the Board of Directors of Dan Capital and Managing Director and Partner at ValueLBH Fund. The parties discussed implementing joint projects in Kazakhstan’s priority economic sectors. The talks
Kyrgyzstan and Central Asian Investment Holding, a subsidiary of Turkey’s İhlas Holding, have signed investment agreements on the construction of the Kazarman and Kokomeren hydroelectric power plant (HPP) cascades in Kyrgyzstan with a total capacity of 2,217 MW. The documents were signed on August 11 by Kyrgyz Energy Minister Taalaibek Ibrayev and Ahmet Mücahid Ören,
On August 12, Uzbekistan adopted the Water Resources Management and Irrigation Sector Development Program for 2025-2028. Given the water scarcity in the region, its rational use is a pressing task. In Uzbekistan, constant attention is paid to this issue: irrigation networks are being repaired, and water-saving technologies are being introduced. During 2020-2024, 60 trillion UZS
On August 12, Kazakhstan Prime Minister Olzhas Bektenov chaired a meeting on the implementation of the President’s instructions regarding the development of artificial intelligence (AI). Nine key areas outlined by the President were reviewed, including the introduction of AI into real sector industries, public administration, and healthcare; the development of an AI and digital transformation
On August 11, Uzbekistan President Shavkat Mirziyoyev listened to proposals for combating the shadow economy. It was noted that in the past, high administrative pressure and excessive interference in business led many entrepreneurs to fear operating openly. In recent years, large-scale efforts have been undertaken to reduce the tax burden and eliminate bureaucratic barriers: the
A new partnership has been launched between the United Nations Development Programme (UNDP) and the Business Development Bank (BDB) of Uzbekistan, marking a promising step forward for small and medium-sized businesses across the country, according to UNDP Uzbekistan. This partnership between BDB and UNDP aligns national goals with global expertise to support Uzbekistan’s SMEs, especially
As part of his working visit to the Zhetysu Region on August 8, Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu held meetings with the leadership of China’s leading corporations – China Minmetals Corporation and CITIC Construction Co. Ltd. The discussions focused on the implementation of joint investment projects in key
In the first five months of 2025, Kazakhstan’s revenues from foreign trade decreased by 9.2%. If in January-May 2024 the country earned $32.8 billion from exports, then in the same period of the current year the figure was $29.8 billion, more than $3 billion less, finprom.kz reported with reference to data from the Bureau of
Both international analysts and Kyrgyz government officials warn that the continued GDP growth in Kyrgyzstan could be a sign that the economy is overheating. This is evident from the advanced growth in real incomes, rising inflation, labor shortages, and decreasing exports. According to the Eurasian Fund for Stabilization and Development’s (EFSD) “Regional Economic Outlook. Summer 2025,”
Despite opposition from environmental activists, the government of Uzbekistan has approved the construction of the Sea Breeze Uzbekistan resort at the Charvak reservoir in the Tashkent region, granting the investor a land plot on a 25-year lease with an extremely low rental fee. The project, led by Azerbaijani developer Emin Agalarov, will include recreation areas, beaches,
Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, held a meeting with Li Xiangdong, Deputy General Director of Tianjin Youfa Group, and San Wenxu, Deputy General Director of Hong Kong Friend International Cooperation Co., Ltd. The parties discussed an investment project to localize steel pipe production in Kazakhstan.
ROX Group, one of Vietnam’s largest private multi-sector holdings, has expressed strong interest in developing renewable energy projects in Kazakhstan, including the construction of large-scale energy facilities. The company is also considering participation in industrial and tourism infrastructure development initiatives, as well as exploring opportunities in the Kazakh banking and financial sectors, according to Kazakhstan’s
Uzbekistan continues to strengthen its strategic partnership with Hungary, with a focus on expanding trade, economic, and investment cooperation. A new milestone in this direction is the adoption of a presidential decree introducing additional incentives and preferences for Hungarian and European investors within the newly established Uzbekistan–Hungary Special Industrial Zone (SIZ), located in the Akhangaran
KTZ Express, a subsidiary of Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ), and China Railway Container Transport Co., Ltd. (CRCT) have agreed to work together to increase container transportation volumes on the China-Europe, China-Russia, and China-Belarus routes, as well as along the Trans-Caspian International Transport Route (TITR) and the China-Kyrgyzstan-Uzbekistan route, according to KTZ.
The Khan Tengri Innovation Hub, the first specialized platform for integrating the technological potential of Central Asian countries with the Chinese hi-tech ecosystem, opened on July 26 in the Zhangjiang Science City in Shanghai. The hub’s initiator was the Kazakhstani company Growth Vision Pro, supported by the Ministry of Digital Development, Innovation and Aerospace Industry
