On August 5, the French transport and logistics airline CMA CGM Air Cargo made its first flight on the Zhengzhou (China)-Navoi (Uzbekistan)-Paris (France) route. The French aircraft landed in Navoi at 06:27 local time. According to tradition, the cargo aircraft was greeted with a water arch, the Uzbekistan Airports Joint Stock Company reported. It is
The United Nations Development Programme (UNDP) in Turkmenistan, as part of the Country Component for Turkmenistan of the regional project “Promoting Resilient Communities to Prevent Violent Extremism in Central Asia,” hosted a series of mentoring trainings for youth on the fundamentals of sustainable agriculture. These trainings, held from July 22 to July 30, 2024, in the
Turkmenistan President Serdar Berdimuhamedov on July 31 in Ashgabat met with the Minister of Energy and Natural Resources of Türkiye, Alparslan Bayraktar. During the meeting, the Turkmen president said that Turkmenistan is ready to continue cooperation with Türkiye in the energy sector, particularly in the transportation of Turkmen natural gas to Türkiye and on to
The Asian Development Bank (ADB) has approved two policy-based loans totaling $400 million that support the Government of Uzbekistan’s initiatives to enhance the country’s financial markets and develop a sustainable, market-led power sector. “Strong participation of the private sector is vital to Uzbekistan’s economic growth and transformation,” said ADB Director General for Central and West
The World Bank’s Board of Executive Directors on July 31 approved $27 million for the National Community Initiatives Project (NCIP) for the Kyrgyz Republic. The project aims to improve access to socio-economic infrastructure and increase economic opportunities at the local level, with a focus on women and youth. “The National Community Initiatives Project builds on more
Hungary’s Globalia Ltd is creating an agricultural industrial park in Kazakhstan’s Akmola region using the latest Hungarian agricultural technologies, the Kazakh Ministry of Agriculture reported. The agro-park will accommodate different types of agribusiness activities, demonstrating advanced agricultural practices, sustainable and environmentally friendly technologies, ensuring traceability of products from the producer to the end consumer, “from
The implementation of the National Project “Comfortable School” was considered at a meeting in the Government on 29 July under the chairmanship of First Deputy Prime Minister Roman Sklyar. As reported by the Kazakh Government’s press service, the National Project “Comfortable School” provides for building 369 schools of a new format for 740 thousand pupils
According to Kyrgyzstan’s National Statistical Committee, in 2023 trade turnover between Kyrgyzstan and China amounted to $5.433 billion, including Kyrgyzstan’s exports at $80.5 million and imports at $5.353 billion. In January-May 2024, bilateral trade amounted to $2.712 billion, including Kyrgyz exports at $38.8 million and imports at $2.673 billion. Chinese statistics on trade with Kyrgyzstan
The President of Uzbekistan earlier this month signed a resolution “On measures to implement the investment project for the production of alternative thermal energy from medical waste”. The project will be implemented by a U.S. company, Sayar LLC, which has established a project company in Uzbekistan, called Sayar Green. An Investment Agreement has been signed
The Asian Development Bank (ADB) says it has signed a transaction advisory services agreement with the Government of Kazakhstan for its Hydropower Development Program. ADB’s mandate is to work with the government to conduct pre-feasibility studies, assist in preparing auction documents and a template power purchasing agreement, and attract competitive offers to crowd in investors.
The European Bank for Reconstruction and Development (EBRD) says it is promoting greater use of green technologies and creating growth opportunities for small firms in Kazakhstan by providing a financial package of US$ 60 million (€55.3 million) to the country’s major private lender, Bank CenterCredit (BCC). The package consists of a loan in Kazakhstan tenge equivalent to US$ 30
Kyrgyzstan President Sadyr Japarov on July 22 attended the opening ceremonies of two small hydroelectric power plants (HPPs) in the country’s southern Jalal-Abad region. One HPP, Kok-Art, is located in the Suzak district of Jalal-Abad region. Its construction began in August 2023. The plant has a capacity of 6.8 MW and an estimated annual electricity
The Asian Development Bank (ADB) said it has approved a $50 million policy-based grant to help the Government of Tajikistan foster a climate-responsive business environment and support small and medium-sized enterprises (SMEs) in the country. The Enabling Climate-Responsive Business Environment Improvement Program aims to transform Tajikistan’s business environment, including through digitalization, reforms to increase exports, improving infrastructure
Construction of the Surenata mining plant was launched last week in Parkent district of Uzbekistan’s Tashkent region, the Uzbek Ministry of Mining Industry and Geology reported. When completed, the new plant will produce 2.4 million tons of ore and one million tons of iron ore concentrate per year. China’s Limaomaoli Metal Company is expected to
According to the Kazakh Ministry of Transport, Kazakhstan’s airlines have transported about 5.5 million passengers since the beginning of this year, an increase by 17% compared to the same period last year. Today, domestic flights in Kazakhstan are operated by six airlines on 53 routes with a frequency of 640 flights per week. The state
Kyrgyzstan President Sadyr Japarov last week signed amendments to the Law “On Sustainable Development of the Ecological and Economic System of Issyk-Kul,” his press service said. Passed by the Jogorku Kenesh (Parliament) of the Kyrgyz Republic on June 12, 2024, the amendments allow private ownership of recreational facilities (hotels and guesthouses) at Lake Issyk-Kul by
At a government meeting last week, Uzbekistan President Shavkat Mirziyoyev reviewed the country’s economic results in the first half of this year. In the first half of 2024, Uzbekistan’s gross domestic product increased by 6.4 percent. Industry grew by 7.8%, construction by 10.1%, services by 12.9%, and agriculture by 3.8%. State budget revenues increased by
The Asian Development Bank (ADB) and the Kazakhstan Electricity Grid Operating Company (KEGOC) have signed a financing deal worth 58.2 billion tenge (around $123 million) to expand the high-voltage transmission network in the southern region of Kazakhstan. This expansion will allow the integration of large-scale renewable power generation into the grid, reinforce and stabilize power
A ceremony of laying the capsule for the future production of solar modules by the domestic investor Altyn Group LLP under the TGS-Solar brand took place in the Alatau SEZ in Almaty on July 17, Kazakh Invest national company reported. The founder of Altyn Group, Jomart Mominbayev, thanked the Government of Kazakhstan for its assistance in the implementation of the project and
Tajikistan’s economy has shown remarkable growth in recent years, with an impressive expansion of 8.3% in 2023 and 8.2% in early 2024, according to the World Bank’s latest Tajikistan Economic Update released on July 16. According to the report, the growth was driven by increased revenues from gold exports and substantial public infrastructure spending. Robust worker remittances
