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Business & Economy UZB

Waste-to-energy projects in Uzbekistan to process 3.6 million tons of waste, generate 1.6 billion kWh of electricity

On September 10, President Shavkat Mirziyoyev reviewed investment projects aimed at improving the waste management system, waste processing, and electricity generation from solid waste in Uzbekistan. The meeting noted that consistent measures are being taken in Uzbekistan to ensure environmental sustainability, process household waste, and reduce the burden on landfills. An important role in this

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Business & Economy KZ

Kazakhstan to use digital platform to expand agricultural export to China

Kazakhstan and China have launched a joint digital platform for trading grain and agricultural products. The new tool is expected to increase Kazakh agricultural exports to China, a key market for Kazakhstan. The platform was inaugurated on September 5 as part of the Kazakh delegation’s participation in the 8th China Grain Trade Conference, according to

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Business & Economy KG

Kyrgyzstan and Pakistan seek new transport links to increase trade

The governments of Kyrgyzstan and Pakistan have signed a Transit Trade Agreement aimed at expanding bilateral trade and strengthening the economic partnership between the two countries. The document aims to develop transport and logistics links, simplify transit and customs procedures, and expand Kyrgyzstan’s ability to use Pakistan’s seaports, including Karachi, Bin Qasim, and Gwadar, according

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Business & Economy KZ

Kazakhstan’s trade with SCO countries reached $72.6 billion

In 2025, Kazakhstan’s trade turnover with the member countries of the Shanghai Cooperation Organization (SCO) amounted to 72.6 billion US dollars. In 2024, this figure was $67.7 billion, according to the Kazakh Ministry of Trade and Integration. Kazakhstan’s exports to the SCO countries amounted to 30.7 billion dollars, while imports totaled 41.8 billion dollars. Kazakhstan’s

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Business & Economy UZB

Uzbekistan Business Council established in Dubai

The establishment of the Uzbekistan Business Council in Dubai was announced on August 26. The initiative was launched by the Representative Office of the Ministry of Investment, Industry and Trade of Uzbekistan in the UAE, the Embassy of Uzbekistan in the UAE, and representatives of the Uzbek business community, with the support of the Dubai

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Business & Economy UZB

Uzbekistan commissions 163 industrial and social facilities ahead of Independence Day

On August 25, President Shavkat Mirziyoyev attended a ceremony marking the commissioning of new facilities across the country ahead of the 35th anniversary of Uzbekistan’s independence. By pressing a symbolic button, the President officially commissioned 72 major investment projects and 91 social facilities. The President stated that over the past ten years, Uzbekistan’s economy has

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Business & Economy KZ

S&P upgrades Kazakhstan’s sovereign credit rating to “BBB”

International rating agency S&P Global Ratings has upgraded the sovereign credit rating of Kazakhstan to “BBB”. Previously, the country’s sovereign credit rating stood at “BBB-”, according to the Kazakh Ministry of National Economy. According to the agency’s rating scale, Kazakhstan has achieved this rating level for the first time since 2016. The sovereign rating upgrade

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Business & Economy KZ

Kazakhstan plans to achieve energy self-sufficiency in 2027

Kazakhstan plans to fully meet its electricity demand in the first quarter of 2027, and by the end of 2027, the country expects to generate 1.3 billion kWh of surplus electricity. This will be achieved through the launch of new generating capacity, according to the Ministry of Energy. In 2027, Kazakhstan plans to put into

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Business & Economy KZ

Kazakhstan’s export exceeded $40 billion in first half of 2026

In January–June 2026, Kazakhstan’s exports grew by 8.6%, reaching $40.3 billion. Exports are growing faster than imports, the positive trade balance approached $9 billion, and Kazakhstani goods have significantly strengthened their positions in the markets of China, Turkey, France, Uzbekistan, and other countries, according to the Ministry of Trade and Integration. Kazakhstan’s foreign trade turnover

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Business & Economy KZ

Kazakhstan and China advance investment projects

A tripartite Memorandum of Understanding (MoU) has been signed in Astana between the Akimat of Akmola Region, Kazakhstan’s TauKen Group holding company, and China’s Changzhou Chenwei International Trade Co., Ltd. (Chenwei Group), which coordinates a pool of investors from Changzhou. The investment initiatives are being implemented with the support of KAZAKH INVEST National Company JSC.

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Business & Economy KZ

EDB supports Class A+ logistics park and warehouse construction in Almaty

The Eurasian Development Bank (EDB) and international developer Griffin Partners have signed a credit agreement to finance the first stage of construction of the Griffin Logopark Almaty warehouse complex. The document is a logical continuation of the memorandum of understanding signed by the parties in June 2026 on the sidelines of the EDB Annual Meeting and Business

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Business & Economy UZB

Uzbekistan defines priority tasks for artificial intelligence development

On August 7, President Shavkat Mirziyoyev was briefed on the progress achieved and the further priority tasks for the development of the artificial intelligence ecosystem in Uzbekistan. In recent years, Uzbekistan has risen 25 positions to rank 62nd in the global AI Readiness Index. The country has set a goal of joining the world’s top

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Business & Economy UZB

Uzbekistan’s exports grew by 32% in first half of 2026

The Ministry of Investments, Industry and Trade of Uzbekistan has finalized the report on the country’s export in January–June 2026, excluding gold exports. According to the report, Uzbekistan’s exports totaled $14.4 billion in January–June 2026. Compared to the same period last year, exports increased by 32.2% ($3.5 billion). The main drivers of export growth were:

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Business & Economy KG UZB

Uzbekistan and Kyrgyzstan hold business forum

On July 28, Bishkek hosted the Uzbekistan–Kyrgyzstan Business Forum titled “Kyrgyzstan – Uzbekistan: Industrial Cooperation, Investment and Trade.” The event was attended by Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic and Minister of Water Resources, Agriculture and Processing Industry Erlist Akunbekov, Director of the National Investment Agency under the President of

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Business & Economy KZ

Korean and Chinese investors to construct two large plants in Kazakhstan

Construction of two plants worth a total of $305 million has begun in Kazakhstan’s Zhambyl Region. Zhambyl Region Akim Erbol Karashukeyev participated in a capsule-laying ceremony at the construction site of a solid waste disposal plant and a metallurgical plant, which will be built in the Taraz Industrial Zone, according to Kazakh Invest. The solid

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Business & Economy KZ

Air taxi demonstration flight takes place in Astana

Astana witnessed its first-ever demonstration flight of an air taxi based on an electric vertical take-off and landing (eVTOL) aircraft on July 24. The demonstration marked another milestone in the implementation of Kazakhstan’s Urban Air Mobility (UAM) development project, according to the Ministry of Artificial Intelligence and Digital Development. The demonstration featured the AutoFlight Prosperity eVTOL,

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Business & Economy UZB

Uzbekistan: President outlines priority tasks to improve management in the energy sector

President Shavkat Mirziyoyev chaired a meeting on priority tasks in the fuel and energy sector. The Head of State noted that over the past ten years, large-scale reforms have been carried out in the energy sector. As a result, $23 billion in foreign investment has been attracted to the sector, and power generation facilities with

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Business & Economy KG

Kyrgyzstan opens Balykchy-Kochkor railway to improve its transport connectivity

On July 25, Kyrgyzstan launched the operation of the Balykchy-Kochkor railway line and Kochkor station in the Naryn region. The new 63-km line is the first stage of the Balykchy – Kara-Keche – Makmal railway construction project. At the opening ceremony, President Sadyr Japarov said that the new line will be extended from Kochkor to

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Business & Economy KZ UZB

Council of Heads of Regions of Kazakhstan and Uzbekistan holds its first meeting in Aktau

On July 24, Prime Minister of Kazakhstan Olzhas Bektenov and Prime Minister of Uzbekistan Abdulla Aripov took part in the first meeting of the Council of Heads of Regions of Kazakhstan and Uzbekistan, which was held in the Kazakh city of Aktau. Bektenov noted that Kazakhstan attaches special importance to the comprehensive development of strategic

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Business & Economy UZB

Construction of Center for Future Technologies launched in Uzbekistan

Uzbekistan President Shavkat Mirziyoyev on July 22 took part in the groundbreaking ceremony for the Center for Future Technologies, which will be built adjacent to Cyber University in Nurafshon. Transforming Uzbekistan into a regional IT hub is one of the priority objectives of the Uzbekistan–2030 Strategy. Cyber University was established by a Presidential Decree dated 20 January

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