As a follow-up to the agreements reached during the visit of Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu to India, a meeting was held on June 26 at Kazakh Invest national company with the leadership of one of India’s leading pharmaceutical companies, MSN Group. During the negotiations, Chairman of the
Kyrgyzstan’s GDP growth rate is projected to increase to 10.3% in 2025, after 9% a year earlier, according to the Eurasian Development Bank’s (EDB) latest Macroeconomic Outlook for its member states. The increase is driven by rising gold prices, household consumption, and investment demand. According to the EDB, state investment programs, which are mainly financed by international financial institutions, create
The World Bank says it has approved a $150 million concessional credit to support Uzbekistan in implementing a new project aimed at developing its potential in the small hydropower (SHP) sector and strengthening electricity supply across the country. The project will be implemented with private sector participation, involving local small hydropower developers (SHDs) and banks. Uzbekistan’s electricity
To increase access to green and social financing in Kyrgyzstan, IFC, a member of the World Bank Group, has announced a subscription of up to $15 million in the country’s first-ever sustainability bonds, issued in local currency by the Kyrgyz Investment and Credit Bank (KICB). This landmark issuance will enable KICB to offer more local
On June 24 in Astana, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov signed an investment contract with Alexander Blumhardt, Authorized Representative for CIS Countries at Knauf’s Managing Partners. The project involves building a modern plant using local raw materials, with a total investment of 30.5 million US dollars
On June 23, Uzbekistan President Shavkat Mirziyoyev reviewed a presentation on measures to supply major industrial enterprises with green energy. Uzbekistan is rapidly developing its green energy sector. In a short period, nearly $6 billion in direct foreign investment has been attracted to the industry. Electricity production has increased from 59 billion to 82 billion
On June 20, Chairman of the Jokargy Kenes of the Republic of Karakalpakstan Amanbay Orinbayev met with active youth of the city of Nukus within the framework of the “Youth Month”. Specialists presented presentations and information on the development of the sphere, the provision of IT services, the establishment of a large income through little
The United Nations Conference on Trade and Development (UNCTAD) has published its annual World Investment Report 2025, highlighting an 11% decline in global foreign direct investment (FDI) flows to $1.5 trillion. The drop was particularly severe in developing and landlocked countries, Kazakh Invest reported. According to UNCTAD, Kazakhstan has attracted over $151 billion in net FDI since gaining independence, making
On June 23, in the capital city of Mongolia, Ulaanbaatar, the Mongolia–Uzbekistan Business Forum was held ahead of the state visit of the President of Uzbekistan Shavkat Mirziyoyev. The event brought together leaders from ministries and government agencies, regional administrations, industry associations, and over 300 companies from both countries. The forum was organized by the Ministry
Kazakhstan will establish the country’s first science city, Tekhnokala. It will enjoy a special status and be home to advanced technologies and scientific institutions, universities, and tech businesses, the government’s website reported. The concept of the future science city was discussed at a government meeting on June 20, chaired by Deputy Prime Minister-Minister of National
The 2025 Central Asia–China Furniture and Construction Industry Cooperation Forum was held in Astana last week. As part of the forum, a founding ceremony was held for the Association of Furniture and Building Materials Manufacturers of Central Asia and China. The event brought together around 100 business representatives from China and countries of the region,
To increase access to finance for small businesses and women entrepreneurs in Uzbekistan, IFC, a member of the World Bank Group, has signed an agreement with Hamkorbank, the country’s third largest private lender, to provide a loan of up to $50 million. With 35 percent of the funding earmarked for women-run businesses, this initiative is
This operation will provide budgetary support to help the Kyrgyz government implement a comprehensive program of reforms aimed at ensuring a sustainable energy supply, enhancing social service delivery, and strengthening fiscal sustainability and the business environment, the World Bank said. With aspirations to move the country toward an upper-middle-income status by 2030, the Kyrgyz government
A transit container train with Kazakh wheat has arrived in the Chinese port of Lianyungang. This is the first of eight trains loaded with wheat destined for Vietnam and shipped via a multimodal route through China. According to the Kazakh Ministry of Agriculture, the train consists of 62 containers weighing a total of 1,700 tons.
The Ministry of Natural Resources, Ecology and Technical Supervision of the Kyrgyz Republic, in partnership with the United Nations Development Programme (UNDP), has launched a new project to enhance the capacity of national financial institutions to access and deploy green and climate finance. The initiative is aligned with the Kyrgyz Republic’s National Development Programme 2040
The United Nations Development Programme in partnership with the National Investment Agency under the President of the Kyrgyz Republic officially launched the Kyrgyzstan SDG Investor Map. The SDG Investor Map is a market intelligence tool that identifies priority investment opportunities aligned with the Sustainable Development Goals (SDGs) and the country’s national development priorities. It provides
A ceremony to launch the new production line at the Kant Cement Plant, the construction of which began in spring 2024, was held on June 16 in Kyrgyzstan. One year later, the plant begins operations on a renewed, environmentally friendly and energy-efficient platform, the Eurasian Development Bank (EDB) reported. The project involved the construction of a
The Second Central Asia – China Industrial and Investment Cooperation Forum was held in Astana on June 16. The main goal of the forum was to develop and strengthen economic ties between the Central Asian countries and China, attract mutual investments, establish joint production facilities, and promote cooperative projects in the strategic sectors of the region’s economy.
U.S. Ambassador to Uzbekistan Jonathan Henick and Farkhod Makhmudov, Founder and Shareholder of OSON Holding (Brio Group), signed a Memorandum of Understanding (MOU) in January 2025 to launch a new public-private partnership to expand support for the U.S. State Department’s entrepreneurship activities. Through this partnership, OSON will contribute $50,000 to sponsor a new cohort of
The government of Uzbekistan’s Karakalpakstan autonomous region has unveiled a comprehensive agricultural development program aimed at revitalizing the region’s economy and improving food security. The new initiative, which includes investments totaling over $50 million, will focus on enhancing irrigation infrastructure, introducing modern farming techniques, and expanding the cultivation of high-value crops. Investing in Irrigation Infrastructure
