EURASIAN STAR LOGO
Business & Economy KG

Bishkek thermal power plant to be modernized following accident

Kyrgyzstan President Sadyr Japarov has ordered to fully modernize the Bishkek thermal power plant after an explosion at the old plant on February 2 left parts of the capital city without hot water and heat. Three workers of the power plant were seriously injured in the explosion. President Japarov visited the plant as its staff

Read More
Business & Economy KZ

Average life satisfaction around 70% in Kazakhstan, shows World Bank survey

According to the latest findings from the “Listening to Kazakhstan” survey conducted by the World Bank and presented at a roundtable in Astana on January 31, around 70 percent of Kazakhstan’s citizens express satisfaction with their life – a number that has remained the same since the start of the survey in 2021. This survey, conducted in

Read More
Business & Economy KZ

Digital Almaty forum to be held in Kazakhstan

From February 1-3, Kazakhstan’s business capital, Almaty, will host the Digital Almaty 2024 forum, entitled “Industry X: The Digital Development of the Future”. Now in its sixth year, the forum will bring together government officials from Shanghai Cooperation Organization (SCO) and Eurasian Economic Union (EEU) countries, leading experts, and entrepreneurs from around the world, said

Read More
Business & Economy KG

Ex-deputy chief of Kyrgyzstan’s Customs Service added to wanted list

The Kyrgyz Interior Ministry’s official told RFE/RL’s Kyrgyz Service on January 26 that the former deputy chief of the Customs Service, Raimbek Matraimov, who in 2020-2021 was at the center of a high-profile corruption scandal, was added to the wanted list of the State Committee for National Security. The ex-official is suspected of abducting and

Read More
Business & Economy KZ

Kazakhstan to double agro-industrial production by 2028

The Government of Kazakhstan is introducing new approaches to agro-industrial sector development. The document on the issue was approved at the meeting on January 25, chaired by the Prime Minister of Kazakhstan, Alikhan Smailov. It was said at the meeting that President Kassym-Jomart Tokayev set specific objectives to bring the agricultural sector to a new

Read More
Business & Economy UZB

China’s BYD launches assembly of electric vehicles in Uzbekistan

During his state visit to China, on January 25 in Shenzhen, Uzbekistan President Shavkat Mirziyoyev visited the headquarters of Chinese company BYD, a global leader in the manufacturing of new energy vehicles and next-generation batteries. Together with the president of the company, Wang Chuanfu, Mirziyoyev took part in the launch ceremony of a project for

Read More
Business & Economy KZ

Kazakhstan and Indonesia expand business partnership

Ambassador of Kazakhstan to Indonesia Serzhan Abdykarimov on January 23 in Jakarta held a meeting with Vice Chairman of International Relations of the Indonesian Chamber of Commerce and Industry Bernardino Vega. The parties discussed measures to strengthen business contacts between Kazakh and Indonesian entrepreneurs, increase mutual trade, and realize transit-transport potential. Special emphasis was placed

Read More
Business & Economy KZ

Italy’s Eni to build a hybrid power plant in Kazakhstan’s Zhanaozen

On January 18, in Rome, Kazakhstan’s national oil and gas company KazMunayGas and Italy’s Eni S.p.A. signed the Joint Confirmation Agreement on initiation of the Zhanaozen hybrid power plant construction project. The document was signed by Magzum Mirzagaliyev, Chair of the Management Board, KMG and Eni Chief Executive Officer Claudio Descalzi. The signing took place

Read More
Business & Economy UZB

OSCE supports the launch of digital platform for self-employed women entrepreneurs in Uzbekistan

The OSCE Project Co-ordinator in Uzbekistan organized the launch in Tashkent of a digital platform developed by the social start-up Coozin, aimed to further develop women’s entrepreneurship and increase their self-employment skills by using advanced digital technologies. The Coozin start-up was launched in 2020, in the midst of the COVID-19 pandemic. Since then, it has

Read More
Business & Economy KG

Creation of new jobs the main task of Kyrgyz government in 2024

In 2024, Kyrgyzstan must create at least 250 thousand jobs. This is one of the most important tasks of the Cabinet of Ministers for 2024, the Chairman of the Cabinet of Ministers of the Kyrgyz Republic – Head of the Administration of the President of the Kyrgyz Republic, Akylbek Japarov said at the Cabinet meeting

Read More
Business & Economy KZ

Workers of another oil company in western Kazakhstan go on strike

Hundreds of workers at the Velikaya Stena (Great Wall) oil company, owned by a Chinese investor in Kazakhstan’s western Manghystau region, are striking for a pay increase, improved working conditions, and the cancellation of planned layoffs, RFE/RL’s Kazakh Service reported. The workers, who are located in the Caspian port city of Aqtau, told RFE/RL that

Read More
Business & Economy KG

Chinese company to build a waste processing plant in Bishkek

A delegation of the Bishkek municipality, led by Deputy Mayor Jyrgalbek Shamyraliev, visited the city of Changsha in China to get acquainted with the work of Hunan Junxin Environmental Protection Co Ltd, which built a large environmentally friendly waste incineration plant in this city, the press service of the Bishkek municipality said. In November 2023,

Read More
Business & Economy KZ

Kazakhstan: Hundreds of striking oil workers urge president to intervene

Hundreds of oil workers in the western region of Manghystau, who have been on strike for 29 days, issued a video statement on January 8, urging Kazakh President Kassym-Jomart Tokayev to intervene in their situation, RFE/RL’s Kazakh Service reported. The workers of the West Oil Software company went on strike on December 11, demanding the

Read More
Business & Economy KG

FDI in Kyrgyzstan down in 2023

The inflow of foreign direct investment (FDI) into Kyrgyzstan from January-September 2023 compared to the same period in 2022 decreased by 31.7% and amounted to 654.6 million US dollars. At the same time, the inflow exceeded the outflow level by $404.4 million, according to the latest figures from the National Statistics Committee of Kyrgyzstan. From

Read More
Business & Economy TKM

Water tariff doubles in Turkmenistan

The tariff for water for the population has increased by 100% in Turkmenistan. Residents of the capital and regions learned about this when paying for utilities. The country’s authorities did not notify the population about the tariff increase, which caused fears among the population that other services, including electricity, may also become more expensive, Radio

Read More
Business & Economy KZ

In 2023, Kazakhstan’s municipal bus fleets received 2.5 thousand new buses

At the beginning of 2023, a preferential leasing mechanism for the renewal of city buses was launched in the regions of Kazakhstan through the Industrial Development Fund. As a result, 2.5 thousand vehicles were supplied to bus fleets, including 774 environmentally friendly buses, the Kazakh Transport Ministry said. Also, during the past year, all regions

Read More
Business & Economy KG UZB

Kyrgyzstan and Uzbekistan will launch joint assembly of motor vehicles in 2024

Kyrgyzstan and Uzbekistan will launch joint manufacturing of 12 models of motor vehicles in 2024, the Minister of Economy and Commerce of the Kyrgyz Republic, Daniyar Amangeldiev told a news conference in Bishkek late in December. The Minister said that a joint car assembly plant is being prepared for commissioning, adding that the joint project

Read More
Business & Economy KZ

In 2023, foreign investors launched 47 production facilities in Kazakhstan

In 2023, with the support of KAZAKH INVEST national company, 47 new production facilities with foreign participation were put into operation in Kazakhstan for about $1.1 billion. These projects created more than 4.5 thousand jobs for Kazakhstani citizens, the acting Chairman of the Board of JSC National Company KAZAKH INVEST, Zhandos Temirgali said in an interview

Read More
Business & Economy KG

Kyrgyzstan’s debt exceeds $6 billion

As of the end of October 2023, the public debt of Kyrgyzstan (external and internal) amounted to $6.590 billion or 57.82 percent of the country’s GDP, said the Kyrgyz Ministry of Finance, providing the latest statistics on the country’s debt. The amount includes $4.482 billion of external debt and $1.518 billion of internal debt. More than half (52.4 percent) of the

Read More
Business & Economy KZ

Eurasian Economic Union signs Free Trade Agreement with Iran

On December 25, on the margins of the Supreme Eurasian Economic Council meeting in St. Petersburg, a free trade agreement was signed between the Eurasian Economic Union (EEU) and its member states, on one hand, and the Islamic Republic of Iran, on the other. The EEU unites Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. The agreement

Read More