At the Government session, Minister of Energy Yerlan Akenzhenov reported on strategic development plans for oil refining. According to the minister, in 2024 the volume of oil refining amounted to 17.9 million tons. Domestic refineries demonstrate a high level of digitalization, using advanced American and Japanese automated process control systems (Honeywell and Yokogawa). In accordance with
The Asian Development Bank (ADB) has approved a $50 million grant to support the Government of Tajikistan in advancing key structural reforms that promote green jobs, particularly for women. The grant, funded through ADB’s Asian Development Fund (ADF) under subprogram 2 of the Enabling Climate-Responsive Business Environment Improvement Program, strengthens economic diversification, improves fiscal governance and transparency, accelerates
On November 28, President Shavkat Mirziyoyev launched the “Five Million Uzbek AI Prompters” project in Uzbekistan. According to the president, the digital economy’s share in the country’s gross domestic product has doubled. Nearly $2 billion in direct investment has been attracted in the field of artificial intelligence and digital technologies. In the past years the
The 5th meeting of the Kazakhstan–Switzerland Business Council took place in Astana on November 28 with the participation of Serik Zhumangarin, Deputy Prime Minister and Minister of National Economy of Kazakhstan, and Guy Parmelin, Vice President of the Swiss Confederation and Federal Councilor for Economic Affairs. The event was organized by Stadler Rail AG and Kazakhstan Temir
On November 28, President Shavkat Mirziyoyev officially launched the Program for Eliminating Bureaucracy in Uzbekistan. “We are building the New Uzbekistan guided by a humanistic idea: Not the people should serve the government, but the government should serve our people,” emphasized the President. Uzbekistan has been paying priority attention to eliminating bureaucracy, excessive procedures and
The European Bank for Reconstruction and Development (EBRD) is providing a synthetic local-currency facility of up to $40 million (€34.5 million) to Mortgage Refinancing Company of Uzbekistan (UzMRC), the only domestic mortgage refinancing institution. The loan will enable UzMRC to secure a continuous flow of medium-term local-currency funding, thereby supporting the development of a commercially
Turkmenistan is an important partner of Kazakhstan in Central Asia. Over the past five years, bilateral trade has increased four times and over the last two years, mutual trade has consistently exceeded $500 million, Kazakhstan’s Deputy Prime Minister–Minister of National Economy Serik Zhumangarin said during a meeting with the Deputy Chairman of the Cabinet of
The Alem.Cloud national supercomputer ranked 86th in the TOP500, the international ranking of the world’s most powerful computing systems. The ranking includes only those clusters that undergo independent testing based on the HPL (High-Performance Linpack) standard, the global benchmark for computing performance, according to the Kazakh ministry of Artificial Intelligence and Digital Development. The Alem.Cloud national
The European Bank for Reconstruction and Development (EBRD) says it is providing a loan of up to €10 million to MaxCopper, a newly created copper pipe manufacturer in Uzbekistan, to finance working capital needs for the establishment and ramping-up of production operations. The proceeds will also be used to purchase raw materials, such as copper
On November 22, a meeting of water and energy ministers of Kazakhstan, Kyrgyzstan, and Uzbekistan was held in Almaty. The ministers agreed on further water and energy cooperation. Given the low water level in the reservoir of Kyrgyzstan’s Toktogul hydropower plant (HPP), the meeting participants decided to support each other with mutual electricity supplies and
Turkey’s Alarko Holding has inaugurated a large tomato greenhouse complex, ALSERA KZ, in Shymkent in south Kazakhstan. The opening ceremony on November 20 was attended by Kazakh Agriculture Minister Aidarbek Saparov and Izzet Garih, Alarko’s Chairman of the Board. Saparov emphasized that Turkey is one of Kazakhstan’s key partners in the agricultural sector, with 14
In order to create convenience for tourists, organize their meaningful recreation and free walking in each region, the Tourism Committee of Uzbekistan creates car-free zones across the country. Such zones have been created in the historical center of the city of Bukhara on the section from the cultural heritage site Toqi Telpakfro‘shon to the parking
The Asian Development Bank (ADB) has approved $17 million in grant financing to help Tajikistan digitalize and modernize livestock farming, helping people earn more and improve access to nutritious food. The financing includes a $14 million grant from the Asian Development Fund and a $3 million grant from the Japan Fund for Prosperous and Resilient Asia and
On November 18, President Shavkat Mirziyoyev was briefed on the improvement of the system of external labor migration and organization of migration processes in line with international standards. Thanks to the systematic work carried out in Uzbekistan in recent years to ensure the organized employment of citizens abroad, the labor market is diversifying, with citizens
According to the latest figures published by the National Statistical Committee of Kyrgyzstan, the country’s foreign trade continues to decline, with a decrease in both exports and imports. In January-September 2025, Kyrgyzstan’s foreign trade totaled $11.3 billion, an 8.3% decrease compared to the same period in 2024. Exports decreased by 25.7% and amounted to $2.1
The European Bank for Reconstruction and Development (EBRD) is supporting further modernization at Tashkent Pipe Plant (TPP), Uzbekistan’s leading private producer of prefabricated steel products, by extending a $20 million loan financing the expansion of the company’s production facilities. This financing will provide TPP with necessary working capital and enable it to ramp up production of
The investment fund Central Asia Capital and the Ministry of Education and Science of Kyrgyzstan have signed an agreement launching the Central Asia Startup program, the first large-scale project to develop entrepreneurship and technology startups in Kyrgyzstan. According to Central Asia Capital, the program aims to support aspiring entrepreneurs, develop an innovation ecosystem, and foster
On November 13, President Shavkat Mirziyoyev held a government meeting to review the ongoing works in the railroad sector and plans for upcoming years. The large-scale transformation processes initiated in the railway sector are already yielding positive results. The industry ended last year with a net profit for the first time, and for the first
Kazakhstan has increased its export cargo transportation by rail through Russia, as well as rail transit along the China-Russia route. According to Kazakhstan Temir Zholy, the country’s railway company, from January to October 2025, rail freight volumes between Kazakhstan and Russia totaled 71.6 million tons, a 5% increase compared to the same period last year,
At a government meeting on November 12, President Shavkat Mirziyoyev was briefed on the ongoing work and objectives for 2026 aimed at curbing inflation and ensuring macroeconomic stability. It was noted that consistent efforts to saturate the domestic market and contain inflationary factors have ensured sustainable economic growth, and positive results in reducing inflation and
