The European Bank for Reconstruction and Development (EBRD) says it is providing financing of up to US$ 15.4 million to Uzbekistan’s leading brewer, UzCarlsberg. The Bank’s third equity investment in the country since 2020 will help UzCarlsberg to expand its production capacity and increase the sustainability of the country’s food sector. The proceeds will be
A survey shows that Kazakhstan’s new Tax Code with an increased value-added tax (VAT) has led to growing anxiety among the population, with most respondents saying that the tax changes negatively impact their standard of living and cause growing expenses, making a significant portion of the population cut spending on basic items, including food, clothing,
Central Asia Capital, a Bishkek-based private equity fund, in partnership with the Russian Export Center, has launched a political risk insurance program for Russian investments in Kyrgyzstan. According to Central Asia Capital, the new program is aimed at safeguarding investments against political risks, including restrictions on fund transfers, currency inconvertibility, expropriation of assets, trade sanctions,
A regional online service center of ZTE has been officially launched at IT Park Uzbekistan. The new center will deliver modern digital services and technical support to clients in Uzbekistan, Central Asia, and Europe, according to the Uzbek government’s website. The opening ceremony was attended by the Minister of Digital Technologies, Sherzod Shermatov, who noted
Uzbekistan is a country in Central Asia that has undergone significant economic liberalization since President Shavkat Mirziyoyev took office in 2016. It is a doubly landlocked and a lower-middle-income country. The government’s “Uzbekistan 2030” strategy aims to achieve upper-middle income status by the end of the decade through private-sector development, foreign investment, diversification beyond commodities,
The European Bank for Reconstruction and Development (EBRD) says it is providing a loan of up to €25 million to support the investment program and working capital needs of RG Brands Group, Central Asia’s leading beverage producer incorporated in Kazakhstan. The loan will help RG Brands to expand its operations in Kazakhstan and Kyrgyzstan, and
Kazakhstan’s Ministry of Agriculture has announced updated figures of the country’s grain export. During the 2024-2025 marketing year (September 1, 2024, August 31, 2025), Kazakhstan exported 15.3 million tons of grain and flour, 60% more than during the 2023-2024 season and the highest figure over the last 20 years. Since the beginning of the current
More than 5 million citizens in Kazakhstan have voluntarily banned the issuance of loans and microloans in their names using “Stop-Credit,” a service designed to protect against fraudulent loans, Fingramota.kz reports. “Stop-Credit” is a government service for voluntary waiver of bank loans and microloans. It allows citizens to self-ban new loans in their names. This
Energy-efficient heat pumps developed by the Technopark industrial complex in Tashkent are undergoing practical testing for use in greenhouses for growing vegetables without traditional fuels, according to the Uzbek Ministry of Agriculture. To test the new technology, two innovative greenhouses were built at Technopark in January to grow tomato and cucumber seedlings. The experiment is
On March 16, President Shavkat Mirziyoyev took part in the launch ceremony of Copper Processing Plant No. 3 at the Almalyk Mining and Metallurgical Complex. This $2.7 billion project was implemented as part of the development program of the Yoshlik-1 deposit. The plant, capable of processing 60 million tons of ore and producing about 900,000
At a meeting in the Senate on March 12 addressing the problem of informal employment in Kazakhstan, Minister of Labor and Social Protection Askarbek Yertayev revealed informal employment statistics and proposed measures aimed at broader legalization of labor relations in the domestic labor market. Yertayev noted that informal, or shadow, employment has a negative impact
The World Bank says it has approved a $10.6 million grant to help Uzbekistan reduce leaks in its aging gas transmission system and recover valuable gas to power households and industry, boosting energy security, state revenues, and job creation. Uzbekistan’s gas infrastructure has deteriorated over time due to underinvestment in maintenance and repairs, leading to gas leaks
On March 13, a roundtable meeting chaired by the Minister of Investment, Industry and Trade of Uzbekistan, Laziz Kudratov, was held with more than 20 representatives of the Turkish business community in the country. According to the Ministry of Investment, Industry and Trade, the main purpose of the meeting was to discuss issues arising in
On March 12, President Shavkat Mirziyoyev listened to proposals to strengthen the fight against cybercrime and to enhance the prevention of offenses committed using information technologies. Today, the number of internet users in Uzbekistan has exceeded 31 million, including 14 million active social media users. At the same time, cases of the internet and social
A full-cycle fish cluster specializing in fish farming, processing and export is currently under construction in the Jalal-Abad region in southern Kyrgyzstan. The large-scale investment project is being implemented by a Kyrgyz company, Salih LLC, according to the Ministry of Water Resources, Agriculture, and Processing Industry. The total cost of the project is more than
As of March 2026, Uzbekistan’s capital Tashkent has approximately 2 square meters of green space per each resident, well below the normal of 17–19 square meters. The capital’s green and recreational spaces span 893 hectares. To address this issue, authorities plan to create nine new public spaces with a total area of 140 hectares, Tashkent
In 2026, Kazakhstan plans to increase its renewable energy generation to 8.8 billion kWh by implementing 10 new projects with a total capacity of 245 MW, including four wind, five solar, and one hydroelectric power plant, according to the Ministry of Energy. In 2025, Kazakhstan made a breakthrough in electricity generation by renewable energy facilities,
The Bishkek-based International Business Council (IBC), one of the largest business associations in Kyrgyzstan, has prepared an analytical note analyzing key institutional factors affecting the business environment and investment attraction in the country. According to the report, while Kyrgyzstan’s GDP increased by 11.1% in 2025 compared to the previous year, the quality of the institutional
Just ten years ago, Kazakhstan’s gambling market was moderate. From 2015 to 2019, the annual volume of gambling and betting services did not exceed 24 billion tenge. However, 2020, the year of the pandemic, marked the starting point for the country’s “bookmakerization”: the gambling sector showed a six-fold growth, Finprom.kz reports with reference to data
The Government of Kyrgyzstan has extended the temporary ban on the export of livestock from the country. The extension is for six months and applies to live cattle, horses, sheep, and goats. The move is intended to ensure the country’s food security and stabilize meat prices on the domestic market. The ban does not apply
