EURASIAN STAR LOGO
Business & Economy TJK

Tajikistan to boost community livelihoods and infrastructure with World Bank support

The World Bank says it has approved additional financing from the International Development Association (IDA) to benefit local communities, including youth, women, and vulnerable groups, in the Districts of Republican Subordination, Khatlon region, and Gorno-Badakhshan Autonomous Oblast (GBAO) of Tajikistan.  The $25 million grant will extend the Tajikistan Socio-Economic Resilience Strengthening Project (SERSP), which uses

Read More
Business & Economy UZB

Uzbekistan–U.S. Business Forum strengthens economic partnership

The Uzbekistan–U.S. Business Forum was held in Tashkent on June 9. The event was organized by the Ministry of Investments, Industry and Trade of Uzbekistan together with the American-Uzbekistan Chamber of Commerce (AUCC). More than 150 representatives from the business and government sectors of both countries participated in the event, including around 100 leading U.S.

Read More
Business & Economy KG

Kyrgyzstan seeks ADB support for its energy projects

Kyrgyzstan’s Energy Minister Taalaibek Ibrayev last week met with the Asian Development Bank (ADB) officials in Manila to discuss the bank’s participation in the country’s energy projects, including the construction of the Kambarata-1 Hydropower Plant (HPP), an ambitious regional initiative being jointly undertaken by Kyrgyzstan, Kazakhstan, and Uzbekistan.  During the meeting, the ADB expressed its

Read More
Business & Economy KG

Kyrgyzstan moves to ease plastic ban

Kyrgyzstan’s parliament has passed amendments to The Law on Limiting the Circulation of Polymer Film and Plastic Bags, set to take effect on January 1, 2027, 24.kg reported. According to the Law, the following should have been banned throughout the country from 2027: The amendments propose that the Cabinet of Ministers exclude PET plastic bottles

Read More
Business & Economy Eurasia KG RU UZB

Afghanistan to export cherries to Russia and Central Asia

Around 100 tons of cherries from the Panjshir province of Afghanistan will be exported to several Central Asian countries and Russia, TOLOnews reported. According to local officials, traders from Uzbekistan and Kyrgyzstan plan not only to purchase cherries but also to buy apples and grapes to export to Central Asian countries. Mohammad Agha Hakim, Governor

Read More
Business & Economy KG

Kyrgyzstan shows interim achievements of Aid for Trade project

The Ministry of Economy and Commerce of the Kyrgyz Republic and the United Nations Development Programme (UNDP), in partnership with the Government of Finland, presented the interim results of the Aid for Trade initiative, which is contributing to stronger trade governance, institutional development, and enterprise-level competitiveness across Kyrgyzstan, UNDP Kyrgyzstan reported. This flagship project is

Read More
Business & Economy KG

EBRD promotes green and inclusive lending in Kyrgyzstan

The European Bank for Reconstruction and Development (EBRD) says it is supporting the development of small businesses owned or led by women and the deployment of green technologies in Kyrgyzstan by providing a financial package of US$ 8 million (€ 7.6 million) to the country’s major microlender FINCA Bank Kyrgyzstan (FINCA). The package will consist of

Read More
Business & Economy KZ

Large-scale pasture reclamation project launched in Kazakhstan

Chairman of the Management Board of Kazakh Invest national company Yerzhan Yelekeyev and Director of Harvest Agro Holding LLP Daulet Uvashev have signed a framework agreement to implement a large-scale agro-industrial cluster project. The project envisions the conversion of 150,000 hectares of pasture and grazing lands into irrigated agricultural land using underground water and modern water-saving technologies

Read More
Business & Economy TKM

Afghanistan and Turkmenistan in talks to launch power transmission project

Afghanistan’s power company Da Afghanistan Breshna Sherkat (DABS) announced that discussions are ongoing with Turkmenistan over the roadmap to begin work on the Turkmenistan-Afghanistan-Pakistan (TAP) Power Transmission Project in Afghanistan, TOLOnews reported. According to company officials, Turkmenistan has committed to implementing the project, and once completed, Afghanistan will annually receive between 300 to 350 megawatts

Read More
Business & Economy KZ

Kazakhstan and Italy hold business forum

The Kazakhstan–Italy Business Forum was held in Astana on May 28. In his welcoming remarks, Kazakhstan’s Prime Minister Olzhas Bektenov highlighted the significant role of the business forum in expanding trade and economic ties between Kazakhstan and Italy. He noted that the strategic partnership between the two countries is dynamically developing thanks to the efforts

Read More
Business & Economy KZ

Kazakhstan and France sign 15 agreements at business forum

As part of Kazakhstan-France Business Forum in Astana on May 28, 15 bilateral agreements were signed between government bodies, national companies, and business entities of the two countries. The agreements span strategic sectors such as energy, healthcare, technology, logistics, agriculture, education, and sustainable development, Kazakh Invest reported. One of the key documents was an Investment

Read More
Business & Economy UZB

Uzbekistan expands drinking water supply

On May 27, Uzbekistan President Shavkat Mirziyoyev listened to reports on the ongoing work to expand the drinking water supply and sewage services in the country. Today 81% of all cities and villages in Uzbekistan have access to centralized drinking water supply, and the sewage system coverage is 20%.  In the current year, it is

Read More
Business & Economy KG

Kyrgyzstan begins experimental planting of citrus crops and olives

Kyrgyzstan’s Ministry of Water Resources, Agriculture and Processing Industry has begun the first-ever agronomic testing of citrus and olive crops, including oranges, mandarins, olives, and kumquats (a type of orange). Seedlings have been brought from Turkey for experimental planting in the Kadamjai district of Kyrgyzstan’s southernmost Batken region, where the agro-climatic conditions are most favorable

Read More
Business & Economy KZ

Kazakhstan generates more electricity from renewable energy sources

As Kazakhstan has experienced growing energy deficit, with the gap between electricity production and consumption reaching 2.4 billion kilowatt-hours in 2024, the country has prioritized the development of renewable energy sources (RES) for ensuring sustainable energy supply and combating climate change. According to the Ministry of Energy, the share of electricity generated from RES in Kazakhstan

Read More
Business & Economy KZ

Kazakhstan to export poultry meat to China

On May 21, Kazakhstan’s Minister of Agriculture Aidarbek Saparov and Ms. Sun Meijun, head of China’s General Administration of Customs, signed a Protocol on Inspection, Quarantine and Food Safety Requirements for Import and Export of Poultry Meat between Kazakhstan and China. The document allows Kazakh poultry meat exports to China. According to the Ministry of Agriculture, Kazakhstan

Read More
Business & Economy KG KZ TJK TKM UZB

Report: Central Asia poised for significant growth in Islamic finance sector

The Eurasian Development Bank (EDB), the Islamic Development Bank (IsDB) Institute, and the London Stock Exchange Group have published a joint report, “The Future of Islamic Finance in Central Asia”. The report provides a comprehensive analysis of the current status and prospects of Islamic finance in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. According to the

Read More
Business & Economy UZB

World Bank finances modernization of irrigation infrastructure in Uzbekistan

The World Bank has approved a $200 million concessional credit for a project that aims to reduce water losses and increase the energy efficiency of irrigation systems across five regions of Uzbekistan — Karakalpakstan, Bukhara, Kashkadarya, Namangan, and Surkhandarya. The government of Uzbekistan will co-finance the project with $23.2 million. This project marks the first

Read More
Business & Economy KZ

Kazakhstan-German Business Council meets in Astana

The 16th meeting of the Kazakhstan-German Business Council took place in Astana on May 21 with the participation of First Deputy Prime Minister of Kazakhstan Roman Sklyar. The event brought together representatives of key ministries and leading members of Kazakhstan’s business community. “Our platform is in high demand and has proven to be very effective.

Read More
Business & Economy KZ

Kazakh lawmaker proposes introduction of ‘extended confiscation’ for stolen assets

Marat Bashimov, a member of the Mazhilis (lower house of Kazakhstan’s parliament), has sent a letter to the country’s Prosecutor General Berik Asylov about the need for “extended confiscation.” Bashimov believes that it is time for the Kazakh authorities to tighten legislation on the return of illegally obtained assets, the fight against corruption and money

Read More
Business & Economy UZB

Uzbekistan to modernize electricity distribution networks with World Bank support

The World Bank’s Board of Executive Directors has approved a $100 million concessional credit to support Uzbekistan’s efforts to enhance integration of renewable energy into its electricity distribution networks and improve supply reliability in priority regions. Uzbekistan’s Regional Electric Power Networks (REPN) will provide $50 million in co-financing. This marks the World Bank’s first-ever Program-for-Results (PforR) financing in

Read More
EURASIAN STAR LOGO
Facebook Twitter Instagram Telegram

© 2023 neeon. All Rights Reserved by Eurasian Star