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
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
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,
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
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
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
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
In recent years, Iran and Uzbekistan have emerged as two of Afghanistan’s main trading partners amid disruptions in Afghanistan’s trade relations with Pakistan, TOLOnews reported. According to available data, Afghanistan’s annual trade volume with Iran has reached $3.3 billion, while trade with Uzbekistan has risen to $1.7 billion. Iran is one of Afghanistan’s principal suppliers
The European Bank for Reconstruction and Development (EBRD) says it is supporting the development of businesses owned or led by young people or women entrepreneurs in Tajikistan by providing a financing package of up to US$ 15 million (€12.9 million) to the country’s largest private lender, Bank Eskhata. The financing package consists of the following components:
On July 22, President Shavkat Mirziyoyev officially launched construction of the new Tashkent–Samarkand highway. The president emphasized the project’s importance for strengthening the transport and logistics potential of New Uzbekistan. Once the China-Kyrgyzstan-Uzbekistan railway and the Trans-Afghan railway are commissioned, Uzbekistan will become a key link in the shortest overland corridor connecting the Pacific Ocean
At a Government meeting on July 21, Minister of Industry and Construction Yersaiyn Nagaspayev reported on the current state and prospects for the development of Kazakhstan’s automotive industry. “If in 2010-2019 the foundations of the automotive industry were laid in the country and the production volume increased from 3 thousand to 50 thousand units, then
IFC, a member of the World Bank Group, says it is providing the first ever investment under the Catalytic First Loss Guarantee (CFLG) Program to Ipak Yuli Bank, a long-standing parter of IFC in Uzbekistan, to support eligible micro, small, and medium-sized enterprises (MSMEs), specifically microenterprises, climate-related businesses, and women-owned enterprises. This landmark transaction will provide financial
On July 20, President Shavkat Mirziyoyev reviewed measures to further improve drinking water supply and sewerage services. In recent years, the volume of investment attracted to the sector has increased tenfold, reaching $2.7 billion. As a result, the share of the population with access to centralized drinking water supply has risen from 63 percent in
The Eurasian Development Bank (EDB) and Mercury Properties (the management company of MP Solutions LLP) have signed a Memorandum of Cooperation to implement the second phase of construction of the Mercury Logistics warehouse hub in the village of Kokozek, Almaty Region, Kazakhstan. The document was signed by Sergey Paseko, Executive Director — Deputy Head of
The Eurasian Development Bank (EDB) and Integrity Logistics Ltd. have signed a Memorandum of Intent and Cooperation to prepare and implement an investment project for the construction of a Class “A” transport and logistics complex in the city of Alatau, Almaty Region, Kazakhstan. The project envisages the construction of a Class “A” transport and logistics
On July 16, Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov held a meeting with representatives of the Austrian dairy cooperative Berglandmilch and the Greek company Desserta Hellas. The parties discussed prospects for establishing dairy production in Kazakhstan. The project is being developed within the framework of the Kazakhstan-Greece bilateral investment agenda. Various implementation models are
Freight traffic between Kazakhstan and China reached 18.7 million tons in the first half of 2026, an increase of 9% compared to the same period last year, according to the Kazakh Ministry of Transport. Growth was observed in both directions. Seven million tons of freight were transported from China to Kazakhstan in the first six
On July 15, President Shavkat Mirziyoyev listened to reports on the implementation of agreements reached during his visit to Belarus to expand cooperation between regions of both countries. During Mirziyoyev’s official visit to Belarus on July 8-9, agreements were reached to increase mutual trade to $2 billion, as well as to implement 310 joint projects
The Central Bank of Uzbekistan published a financial stability review for 2025, which shows an increase in household debt: more than half of citizens who took out loans during the year have two or more outstanding debts, Tashkent Today reported. The share of borrowers with multiple loans to banks and microfinance organizations (MFOs) increased from
On July 13, President Shavkat Mirziyoyev officially launched a new casting and rolling complex at the Uzbek Metallurgical Plant in the city of Bekabad. The new casting and rolling complex will go down in history as Uzbekistan’s first facility for the production of hot-rolled steel sheets. Once fully operational, the complex will produce 1 million