The Silk Road Electronics plant in Saran in Kazakhstan’s Karaganda region has begun production of TVs and washing machines under South Korea’s Samsung brand. The project is a result of joint efforts of the state, foreign investor, and private business. The new production will create new jobs, stimulate the development of related industries, attract investment,
Over 800,000 Kyrgyz people —including migrants, their families, returnees, and aspiring migrant workers—will be transforming remittances, the money sent home by migrant workers, into a powerful financial tool that provides life-changing opportunities thanks to the new partnership announced on August 18 by the International Fund for Agricultural Development (IFAD) and Kompanion Bank, one of the largest
The Afghan Ministry of Mines and Petroleum announced that the contract for the exploration and extraction of the Mes Aynak copper mine in Logar province has been extended for another 15 years, TOLOnews reported. This project was handed over to China’s MCC company 17 years ago, but significant progress in its extraction has yet to
Between August 15 and 18, a delegation of Uzbekistan headed by Minister of Investments, Industry and Trade Laziz Kudratov held negotiations in Tokyo and Osaka with the leadership of the Ministry of Economy, Trade and Industry of Japan (METI), the Japan Bank for International Cooperation (JBIC), the Japan International Cooperation Agency (JICA), as well as
In the first half of 2025, the production of gasoline and diesel fuel in Kazakhstan reached record high levels: 3.1 million and 3 million liters, respectively. Compared to the same period last year, gasoline production increased by 16.3% and diesel production by 16.9%, Energyprom.kz reported. In February this year, gasoline prices in Kazakhstan were released
China National Heavy Duty Truck Group (Sinotruk), a Chinese state-owned truck manufacturer, and Kazakhstan’s Saran Machinery have established a joint venture for the production of commercial and specialized vehicles in Kazakhstan. The founding agreement was signed on August 12 in attendance of Kazakhstan’s First Deputy Prime Minister Roman Sklyar. The new plant will be located
On August 14, Uzbekistan President Shavkat Mirziyoyev reviewed a presentation on measures to expand waste processing in the country. Over the past three years, more than 2 trillion UZS have been allocated for this sector. Last year, the Waste Management and Circular Economy Development Agency was established. For enterprises engaged in waste management, 1,200 new
The southern and western regions of Kazakhstan are “champions” in terms of birth rate. But instead of staying to live in their home regions, many young people from these agricultural and industrial regions move to big cities such as Almaty and Astana, exacerbating the already high competition for jobs there, Orda.kz reports. In his Tengenomika
On August 13, President Shavkat Mirziyoyev chaired a meeting to discuss leveraging the export potential and reserves in the textile industry. Textiles is one of the key sectors, accounting for 3 percent of the country’s economy and 14 percent of industrial production. The industry employs more than 500,000 people. Over the past five years, 396
Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, Gabidulla Ospankulov, met in Astana on August 13 with Shimon Ben Hamo, Chairman of the Board of Directors of Dan Capital and Managing Director and Partner at ValueLBH Fund. The parties discussed implementing joint projects in Kazakhstan’s priority economic sectors. The talks
Kyrgyzstan and Central Asian Investment Holding, a subsidiary of Turkey’s İhlas Holding, have signed investment agreements on the construction of the Kazarman and Kokomeren hydroelectric power plant (HPP) cascades in Kyrgyzstan with a total capacity of 2,217 MW. The documents were signed on August 11 by Kyrgyz Energy Minister Taalaibek Ibrayev and Ahmet Mücahid Ören,
On August 12, Uzbekistan adopted the Water Resources Management and Irrigation Sector Development Program for 2025-2028. Given the water scarcity in the region, its rational use is a pressing task. In Uzbekistan, constant attention is paid to this issue: irrigation networks are being repaired, and water-saving technologies are being introduced. During 2020-2024, 60 trillion UZS
On August 12, Kazakhstan Prime Minister Olzhas Bektenov chaired a meeting on the implementation of the President’s instructions regarding the development of artificial intelligence (AI). Nine key areas outlined by the President were reviewed, including the introduction of AI into real sector industries, public administration, and healthcare; the development of an AI and digital transformation
On August 11, Uzbekistan President Shavkat Mirziyoyev listened to proposals for combating the shadow economy. It was noted that in the past, high administrative pressure and excessive interference in business led many entrepreneurs to fear operating openly. In recent years, large-scale efforts have been undertaken to reduce the tax burden and eliminate bureaucratic barriers: the
A new partnership has been launched between the United Nations Development Programme (UNDP) and the Business Development Bank (BDB) of Uzbekistan, marking a promising step forward for small and medium-sized businesses across the country, according to UNDP Uzbekistan. This partnership between BDB and UNDP aligns national goals with global expertise to support Uzbekistan’s SMEs, especially
As part of his working visit to the Zhetysu Region on August 8, Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu held meetings with the leadership of China’s leading corporations – China Minmetals Corporation and CITIC Construction Co. Ltd. The discussions focused on the implementation of joint investment projects in key
In the first five months of 2025, Kazakhstan’s revenues from foreign trade decreased by 9.2%. If in January-May 2024 the country earned $32.8 billion from exports, then in the same period of the current year the figure was $29.8 billion, more than $3 billion less, finprom.kz reported with reference to data from the Bureau of
Both international analysts and Kyrgyz government officials warn that the continued GDP growth in Kyrgyzstan could be a sign that the economy is overheating. This is evident from the advanced growth in real incomes, rising inflation, labor shortages, and decreasing exports. According to the Eurasian Fund for Stabilization and Development’s (EFSD) “Regional Economic Outlook. Summer 2025,”
Despite opposition from environmental activists, the government of Uzbekistan has approved the construction of the Sea Breeze Uzbekistan resort at the Charvak reservoir in the Tashkent region, granting the investor a land plot on a 25-year lease with an extremely low rental fee. The project, led by Azerbaijani developer Emin Agalarov, will include recreation areas, beaches,
Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, held a meeting with Li Xiangdong, Deputy General Director of Tianjin Youfa Group, and San Wenxu, Deputy General Director of Hong Kong Friend International Cooperation Co., Ltd. The parties discussed an investment project to localize steel pipe production in Kazakhstan.
