Representatives of six institutions—China Investment Corporation (CIC), Oman Investment Authority (OIA), the Uzbekistan Fund for Reconstruction and Development (UFRD), OYAK of Turkey, Eurasian Development Bank (EDB) and Shenwan Hongyuan Securities Co., Ltd.—held the Central Asia and Caucasus Private Equity Fund Cooperation Intent Signing Ceremony during the Financial Street Forum last week, showcasing progress in establishing
Days after warning Berlin not to miss the next industrial revolution, the Nvidia chief arrived in Astana talking of a $1tn opportunity. Jensen Huang arrived in Kazakhstan having just given Germany something of a lecture. Appearing alongside Chancellor Friedrich Merz in Berlin, the Nvidia founder urged Europe’s largest economy to move faster on artificial intelligence.
The Eurasian Development Bank (EDB) and AKASHI Data Center PLC have signed an agreement to provide $31.2 million in financing for a data center project in Astana. According to the EDB, the project will expand Kazakhstan’s data storage and processing capacity and mark the first data center construction project in the Bank’s investment portfolio. AKASHI
A package of 54 trade, investment, and technology cooperation agreements worth $12 billion was signed during business events held on October 19 as part of the U.S. delegation’s visit to Uzbekistan, according to the Uzbek Ministry of Investment, Industry and Trade. The package covers a broad range of areas, including industrial modernization, transport and energy
Eight governments have announced country partnerships and compacts to advance responsible metals and minerals development, create jobs, and strengthen local economies, the World Bank reported on October 16. Argentina, Bolivia, Egypt, India, Kazakhstan, Malawi, Mauritania, and Zambia set out priorities, commitments, and measurable targets to guide reforms, increase investment, and deliver lasting benefits for
Asian Development Bank (ADB) President Masato Kanda on 15 October met Uzbekistan Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov and signed a $200 million loan agreement to modernize the country’s electricity distribution system, cut power losses, and improve reliability as electricity demand rises, the Bank said. “A reliable power supply is
Kazakhstan has approved a national standard for pasteurized camel milk. The standard establishes uniform product requirements and aims to help domestic enterprises expand their product range and develop exports. The document will come into force on November 1, 2026, according to the Ministry of Trade and Integration. In Kazakhstan, camel milk has traditionally been used
As part of Uzbekistan’s ongoing efforts to develop domestic tourism, make travel more affordable for the population and improve transport connectivity between regions, fares for domestic air travel have been reduced by up to 20 percent, according to the country’s Tourism Committee. In line with the instructions of President Shavkat Mirziyoyev, particular attention is being
As part of his working visit to Italy on October 7, Minister of Trade and Integration of Kazakhstan Arman Shakkaliev chaired the 10th meeting of the Intergovernmental Kazakhstan–Italy Working Group on Industrial and Economic Cooperation and Exchanges and held meetings with the heads of Italian companies and business associations, according to the Ministry of Trade
The Kazakhstan-Denmark Business Forum was held on October 1 in Konaev with the support of NC KAZAKH INVEST JSC and the Akimat of Almaty Region as part of the official visit of Lars Løkke Rasmussen, the Minister of Foreign Affairs of the Kingdom of Denmark, to Kazakhstan. More than 100 representatives of government agencies, development
The Eurasian Development Bank (EDB) says it acts as a senior co-lender in the financing of Almaty International Airport as part of a syndicate arranged by Bank of America. The total financing will amount to $670 million, with the EDB contributing $100 million. Almaty International Airport is the largest aviation hub in Central Asia and
Growth across Central Asia and Mongolia remained strong, at 5.9 per cent year on year, in the first half of 2026, according to the latest Regional Economic Prospects report published by the European Bank for Reconstruction and Development (EBRD). The Bank forecasts growth in Central Asia and Mongolia to remain robust at 5.8 per cent in 2026
The Central Asia+Italy Business Platform Forum took place in Astana on September 18, where B5+ITALY was officially launched. The platform has already outlined specific areas for further cooperation: increasing non-commodity exports from Kazakhstan to Italy, launching joint production facilities, developing regional trade and logistics hubs, and expanding direct transport links, according to the Kazakh Ministry
According to the State Revenue Committee of the Ministry of Finance of Kazakhstan, over the past five years, 24 regulatory legal acts have been adopted and 20 information systems have been modernized to combat the shadow economy. As a result, the share of the non-observed economy in GDP decreased from 17.58% in 2023 to 15.69%
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
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
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
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
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
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