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Business & Economy KZ

Kazakhstan’s supercomputer among the world’s top 100

The Alem.Cloud national supercomputer ranked 86th in the TOP500, the international ranking of the world’s most powerful computing systems. The ranking includes only those clusters that undergo independent testing based on the HPL (High-Performance Linpack) standard, the global benchmark for computing performance, according to the Kazakh ministry of Artificial Intelligence and Digital Development. The Alem.Cloud national

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Business & Economy UZB

EBRD €10 million loan to finance copper pipe production in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) says it is providing a loan of up to €10 million to MaxCopper, a newly created copper pipe manufacturer in Uzbekistan, to finance working capital needs for the establishment and ramping-up of production operations. The proceeds will also be used to purchase raw materials, such as copper

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Business & Economy KG KZ UZB

Kazakhstan and Uzbekistan to supply electricity to Kyrgyzstan in winter

On November 22, a meeting of water and energy ministers of Kazakhstan, Kyrgyzstan, and Uzbekistan was held in Almaty. The ministers agreed on further water and energy cooperation. Given the low water level in the reservoir of Kyrgyzstan’s Toktogul hydropower plant (HPP), the meeting participants decided to support each other with mutual electricity supplies and

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Business & Economy KZ

Turkish company launches large tomato greenhouse complex in Kazakhstan

Turkey’s Alarko Holding has inaugurated a large tomato greenhouse complex, ALSERA KZ, in Shymkent in south Kazakhstan. The opening ceremony on November 20 was attended by Kazakh Agriculture Minister Aidarbek Saparov and Izzet Garih, Alarko’s Chairman of the Board. Saparov emphasized that Turkey is one of Kazakhstan’s key partners in the agricultural sector, with 14

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Business & Economy UZB

Car-free zones established in all regions of Uzbekistan

In order to create convenience for tourists, organize their meaningful recreation and free walking in each region, the Tourism Committee of Uzbekistan creates car-free zones across the country. Such zones have been created in the historical center of the city of Bukhara on the section from the cultural heritage site Toqi Telpakfro‘shon to the parking

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Business & Economy TJK

ADB $17 million grant to help digitalize livestock farming in Tajikistan

The Asian Development Bank (ADB) has approved $17 million in grant financing to help Tajikistan digitalize and modernize livestock farming, helping people earn more and improve access to nutritious food. The financing includes a $14 million grant from the Asian Development Fund and a $3 million grant from the Japan Fund for Prosperous and Resilient Asia and

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Business & Economy UZB

Uzbekistan streamlines labor migration

On November 18, President Shavkat Mirziyoyev was briefed on the improvement of the system of external labor migration and organization of migration processes in line with international standards. Thanks to the systematic work carried out in Uzbekistan in recent years to ensure the organized employment of citizens abroad, the labor market is diversifying, with citizens

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Business & Economy KG

Kyrgyzstan reports continued decline in exports and imports

According to the latest figures published by the National Statistical Committee of Kyrgyzstan, the country’s foreign trade continues to decline, with a decrease in both exports and imports. In January-September 2025, Kyrgyzstan’s foreign trade totaled $11.3 billion, an 8.3% decrease compared to the same period in 2024. Exports decreased by 25.7% and amounted to $2.1

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Business & Economy UZB

Uzbekistan: EBRD supports modernization at Tashkent Pipe Plant

The European Bank for Reconstruction and Development (EBRD) is supporting further modernization at Tashkent Pipe Plant (TPP), Uzbekistan’s leading private producer of prefabricated steel products, by extending a $20 million loan financing the expansion of the company’s production facilities. This financing will provide TPP with necessary working capital and enable it to ramp up production of

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Business & Economy KG

Startup support program launched in Kyrgyzstan

The investment fund Central Asia Capital and the Ministry of Education and Science of Kyrgyzstan have signed an agreement launching the Central Asia Startup program, the first large-scale project to develop entrepreneurship and technology startups in Kyrgyzstan. According to Central Asia Capital, the program aims to support aspiring entrepreneurs, develop an innovation ecosystem, and foster

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Business & Economy UZB

Uzbekistan modernizes railway transport sector

On November 13, President Shavkat Mirziyoyev held a government meeting to review the ongoing works in the railroad sector and plans for upcoming years. The large-scale transformation processes initiated in the railway sector are already yielding positive results. The industry ended last year with a net profit for the first time, and for the first

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Business & Economy KZ RU

Kazakhstan increases rail freight transit through Russia

Kazakhstan has increased its export cargo transportation by rail through Russia, as well as rail transit along the China-Russia route. According to Kazakhstan Temir Zholy, the country’s railway company, from January to October 2025, rail freight volumes between Kazakhstan and Russia totaled 71.6 million tons, a 5% increase compared to the same period last year,

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Business & Economy UZB

Uzbekistan contains inflation, strengthens macroeconomic stability

At a government meeting on November 12, President Shavkat Mirziyoyev was briefed on the ongoing work and objectives for 2026 aimed at curbing inflation and ensuring macroeconomic stability. It was noted that consistent efforts to saturate the domestic market and contain inflationary factors have ensured sustainable economic growth, and positive results in reducing inflation and

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Business & Economy UZB

ADB supports inclusive finance and microfinance sector in Uzbekistan

The Asian Development Bank (ADB) has approved a $300 million policy-based loan—$100 million of which is concessional—to support the Government of Uzbekistan’s ongoing efforts to expand access to finance for underserved micro, small, and medium-sized enterprises (MSMEs), particularly those led by women, while strengthening the country’s microfinance sector. Subprogram 2 will expand and deepen the

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Business & Economy UZB

Iran seeks preferential trade agreement with Uzbekistan

Iran is seeking to accelerate efforts to sign a preferential trade agreement (PTA) with Uzbekistan amid hopes that the arrangement could lead to a substantial increase in trade with the Central Asian country, Iran’s Press TV reported. Iran’s trade minister Mohammad Atabak was in the Uzbek capital, Tashkent, on November 10 to hold talks on new

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Business & Economy UZB

Uzbekistan launches major AI initiative with NVIDIA

The Minister of Digital Technologies of Uzbekistan, Sherzod Shermatov, announced plans to work with NVIDIA to advance the nation’s infrastructure for NVIDIA, artificial intelligence (AI) and digital technologies. Uzbekistan plans to work with NVIDIA to support several AI development strategies: Knowledge and experience exchange NVIDIA will share international best practices on AI governance, ecosystem development, and

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Business & Economy UZB

Uzbekistan and Coursera launch digital education initiatives

As part of his working visit to the United States, Uzbek Minister of Digital Technologies Sherzod Shermatov held a meeting with the leadership of Coursera, one of the world’s largest online education platforms. The discussions focused on expanding cooperation in IT education, developing a certification system aligned with international standards, and broadening access to global

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Business & Economy KZ

Kazakhstan, Clearbrook, and AG-Tech to build battery energy storage systems plant

The Ministry of Artificial Intelligence and Digital Development of Kazakhstan, Clearbrook Energy Solutions (CES), and AG-Tech have signed a Memorandum of Understanding (MoU) to establish a Battery Energy Storage Systems (BESS) manufacturing and assembly plant in Kazakhstan. The signing took place on the sidelines of the C5+1 Business Conference in Washington, D.C. last week. The

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Business & Economy UZB

Uzbekistan president highlights new areas of partnership with American business

On November 6 in Washington, D.C., President of Uzbekistan Shavkat Mirziyoyev held a meeting with representatives of leading American companies, investment funds, and financial institutions. The event was attended by US Secretary of Commerce Howard Lutnick, Special Assistant to the U.S. President Ricky Gill, Special Envoy to the President Paolo Zampolli, Deputy Secretary of Agriculture

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Business & Economy KG KZ TJK TKM UZB

C5+1 business conference of Central Asian countries and U.S. held in Washington

A C5+1 business conference was held in Washington, D.C. on November 6, marking the 10th anniversary of the partnership between the Central Asian countries and the United States. The event brought together representatives of governments, national companies, and leading businesses from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, and the United States. The main theme of the conference

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