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
The KTZE – Khorgos Gateway dry port at the Kazakh-Chinese border has expanded its cargo handling capacity following the commissioning of nine 1520 mm gauge sorting tracks and an uncoupling repair facility. The new infrastructure, launched in September 2025, raised the terminal’s transshipment capacity from 540,000 to 800,000 TEUs (twenty-foot equivalent units) per year, marking
A ceremony for signing a BOT agreement (Build-Operate-Transfer) on the transfer of a land plot in the port of Shahid Rajaee (Bandar Abbas) for the construction of a Kazakh transport and logistics terminal was held at the Ports and Maritime Organization of the Islamic Republic of Iran, according to the Kazakh Ministry of Trade and Integration. On the Kazakh
KTZ Express, a subsidiary of Kazakhstan’s national railway company Kazakhstan Temir Zholy (KTZ), is providing the pilot transportation of passenger cars in specialized containers along the international route Chongqing (China) – Dostyk (Kazakhstan) – Vorsino (Russia). According to KTZ, the project is being implemented as part of cooperation between China Railway Container Transport Corporation (CRCT),
Kazakh Agriculture Minister Aidarbek Saparov met with a delegation of leading Asian companies—Full Vision Capital (FVC), Towngas, and EcoCeres. During the talks, the parties discussed prospects for attracting investment in the country’s agro-industrial complex, the introduction of modern environmental technologies, and the implementation of joint high-value-added projects. Particular attention was paid to a project to
IFC, a member of the World Bank Group, says it is investing in Umai Group, Kyrgyzstan’s largest grocery retailer, to create more and better jobs, improve food distribution, and expand access to affordable, quality food across the country. Umai Group is the country’s leading grocery retailer, with more than 24 years of experience in developing
On July 7, the President of Tajikistan, Emomali Rahmon, inaugurated the Antimony Metallurgical Plant of the Talco Gold Closed Joint-Stock Company in the Sughd Province. The enterprise is equipped with modern production technologies, and its annual capacity is up to 5 thousand tons of processing and production of antimony metal. The commissioning of this production
Uzbekistan plans to transform Samarkand into an environmentally sustainable, climate-resilient, and modern green city in Central Asia. The “Green Samarkand” model was reviewed during a government meeting chaired by President Shavkat Mirziyoyev on July 6. Under this model, specific environmental targets are planned to be achieved in Samarkand by 2030. These include preventing the emission
Uzbekistan can unlock significant private investment, create more and better jobs, and accelerate its transition to a more competitive, private sector-led economy by advancing reforms in logistics, tourism, and pharmaceuticals, according to IFC, a member of the World Bank Group. A new Country Private Sector Diagnostic (CPSD) for Uzbekistan, released by the World Bank Group,
The European Bank for Reconstruction and Development (EBRD) says it is contributing to the development of sustainable and ecologically responsible mining and processing in Kazakhstan by supporting the operations of its long-term client Solidcore Resources (SR), an AIFC-listed company and the country’s leading gold producer. The EBRD will provide a loan of up to US$ 300
Presidential Representative for Special Assignments Bakyt Torobayev recently visited the modernized Junda (Zhongda) oil refinery and ordered its management to increase motor fuel production in an effort to reduce Kyrgyzstan’s dependence on gasoline imports. Junda is Kyrgyzstan’s largest oil refinery, located in the town of Kara-Balta, 60 kilometers west of Bishkek. The refinery is undergoing