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Business & Economy UZB

Uzbekistan to monitor environmental violations from space

Starting from 2026, a mechanism for detecting illegal tree cutting using space monitoring will be introduced in Uzbekistan. This is stipulated in the presidential decree “On Measures to Expand the Use of Aerospace Data in Economic Sectors and Improve the Agricultural Management System.” According to the document, the Agency for Space Research and Technology will conduct

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Business & Economy UZB

Uzbekistan to plant 125 million trees this autumn

A government meeting chaired by President Shavkat Mirziyoyev reviewed the implementation of Yashil Makon (Green Space), Uzbekistan’s nationwide program which aims to preserve and restore biodiversity through the greening of urban and rural areas. Launched by President Mirziyoyev in November 2021, the Yashil Makon program is aimed at the planting of one billion trees and

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Business & Economy TJK

EBRD approves new country strategy for Tajikistan

The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Tajikistan, setting out the Bank’s priorities in the country to 2030. The new strategy reflects the EBRD’s commitment to supporting Tajikistan’s economic transformation through a comprehensive approach that combines financial investment with policy dialogue and technical assistance. In

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Business & Economy TJK

EDB finances development of e-map digital platform for Dushanbe

The Eurasian Development Bank (EDB) and the Smart City State Unitary Enterprise at the Dushanbe Executive Authority have launched a project to develop a digital platform for an electronic map of Dushanbe. The project is supported by the EDB Fund for Digital Initiatives and aims to create a unified digital environment for urban infrastructure management. The platform

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Business & Economy KZ

Kazakhstan holds first meeting of Council for Artificial Intelligence Development

On October 1, Kazakhstan President Kassym-Jomart Tokayev held the first meeting of the Council for the Development of Artificial Intelligence. Tokayev emphasized that without the development of artificial intelligence, it is impossible to withstand global competition. He stated that digital systems and artificial intelligence have become essential for the country’s sovereignty and a driving force

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Business & Economy KZ

POWERCHINA considers projects in energy and water management in Kazakhstan

Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov and Deputy Chairman of the Board of Kazakh Invest national company Madiyar Sultanbek met with Chen Guanfu, Vice President of Chinese corporation POWERCHINA. The parties discussed opportunities to expand POWERCHINA’s participation in investment projects in Kazakhstan in the fields of

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Business & Economy KZ

Kazakhstan launches its first crypto reserve fund

A new crypto fund, Alem Crypto Fund, has started operating in Kazakhstan. It was established by the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, managed by Qazaqstan Venture Group and registered within the ecosystem of the Astana International Financial Centre (AIFC). The primary objective of the fund is to make long-term investments in

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Business & Economy KZ

EBRD supports young entrepreneurs in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) is supporting micro, small and medium-sized enterprises (MSMEs) and improving access to finance for young entrepreneurs in Kazakhstan by providing a loan of up to $7 million (€6 million) to local microlender Arnur Credit. The loan is extended under the EBRD’s Youth in Business (YiB) programme for Central

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Business & Economy UZB

Uzbekistan’s exports to Afghanistan exceed $873 million in 8 months

Uzbekistan’s exports to Afghanistan exceeded $873 million during the first eight months of this year, TOLOnews reported with reference to the Uzbek National Statistical Committee. According to Afghanistan’s National Statistics and Information Authority, the country’s exports to Uzbekistan stood at more than $28 million over the past six months. The Afghanistan Chamber of Commerce and

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Business & Economy KZ

Kazakhstan to cooperate with China’s economic and technological zone

Deputy Chairman of the Board of Kazakh Invest national company, Madiyar Sultanbek on September 26 held a meeting with a delegation from the Jiujiang Economic and Technological Zone (China), led by Deputy Director of the Executive Committee Luo Gomin. Following the negotiations, the parties signed a Memorandum of Understanding providing for the development of joint investment

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Business & Economy KZ

Growth of Kazakhstan-China trade is mainly due to growing Kazakh imports

Since 2023, China remains a key trading partner of Kazakhstan, accounting for more than 20% of the country’s total trade turnover, according to analysts at the Association of Financiers of Kazakhstan (afk.kz). In the first half of 2025, Kazakhstan-China trade grew by 5.9%, reaching $14.9 billion. However, the growth was only due to Kazakh imports from

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Business & Economy KG

Kyrgyzstan’s foreign trade declines, imports exceed exports

According to the latest figures published by the National Statistical Committee of Kyrgyzstan, the country’s foreign trade continued to decline, with a decrease in both exports and imports. In January-July 2025, Kyrgyzstan’s foreign trade totaled $8.7 billion, 6.4% down compared to the same period in 2024. Exports decreased by 13.3%, amounting to $1.5 billion, and

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Business & Economy UZB

IFC supports financing for small businesses and women entrepreneurs in Uzbekistan

To expand access to finance for underserved entrepreneurs, IFC—a member of the World Bank Group—and DAVR-BANK have signed a $40 million loan agreement to boost lending to micro and small enterprises (MSEs) across Uzbekistan, with a focus on women-led businesses. The initiative aims to promote inclusive economic growth, empower small entrepreneurs, and create jobs. The

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Business & Economy KZ

South Korean company plans to establish industrial park in Kazakhstan

Madiyar Sultanbek, Deputy Chairman of the Management Board of Kazakh Invest national company held a meeting with Yeonsu Oh, Chairman of the Board of Directors of the South Korean company Microbus Co., Ltd. The parties discussed opportunities for the establishment of a modern industrial park K-Smart, which will integrate manufacturing, logistics, and educational functions; the development of

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Business & Economy UZB

EBRD supports production of electrical cables in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) is contributing to the development of green energy infrastructure and Uzbekistan’s long-term decarbonisation goals by supporting the operations of Techno Cable Group (TCG), which specialises in the manufacturing of copper and aluminium electrical cables used in the electricity infrastructure and renewable energy projects. TCG, which currently produces

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Business & Economy KG KZ TJK TKM UZB

Central Asian economies to grow 6.1% in 2025, according to EBRD forecast

The European Bank for Reconstruction and Development (EBRD) expects the Central Asian economies of Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan to grow by 6.1 per cent on average in 2025, according to its latest Regional Economic Prospects report, published on September 25. This solid growth is supported by strong industrial output, robust domestic demand, investment,

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Business & Economy KZ

Global Methane Hub and Kazakhstan to cooperate in reducing methane emissions

The government of Kazakhstan and the Global Methane Hub on September 24 signed a Memorandum of Understanding to strengthen cooperation in reducing methane emissions through national planning, monitoring, and regulations. The agreement underscores Kazakhstan’s commitment to identifying and mitigating methane emissions across all sectors, beginning with large-scale methane leaks in its oil and gas operations. 

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Business & Economy KZ

Turkish company begins construction of agro-industrial complex in Astana

A ceremony was held in Astana on September 24 to launch the construction of an integrated agro-industrial complex for deep processing of grain and legumes. The event was attended by Minister of Agriculture Aydarbek Saparov, Mayor of Astana Zhenis Kassymbek, and Deputy Minister of Foreign Affairs Alibek Kuantyrov. The project is being implemented by Kazak

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Business & Economy TJK

Tajikistan reduces poverty but job creation and inequality remain key challenges, World Bank report says

Tajikistan has achieved remarkable progress in reducing poverty over the past decade, according to a new World Bank report. The Tajikistan Poverty and Equity Assessment says the national poverty rate declined from 56% in 2010 to about 20% in 2024. Over the same period, the share of the middle class increased more than fourfold, from 8% to

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Business & Economy KZ

KazMunayGas and LanzaJet advance to next stage of SAF project in Kazakhstan

A meeting was held in New York (USA) on September 22 between Askhat Khassenov, Chairman of the Management Board of Kazakhstan’s national oil and gas company KazMunayGas (KMG), and the leadership of U.S.-based technology company LanzaJet — CEO Jimmy Samartzis and Vice President of Commercial Operations Stefan Tiyon. The parties reviewed the results of the

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