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Business & Economy KZ

In 2024, Kazakhstan recorded its first-ever negative net FDI figure since independence

The United Nations Conference on Trade and Development (UNCTAD) has published its annual World Investment Report 2025, highlighting an 11% decline in global foreign direct investment (FDI) flows to $1.5 trillion. The drop was particularly severe in developing and landlocked countries, Kazakh Invest reported. According to UNCTAD, Kazakhstan has attracted over $151 billion in net FDI since gaining independence, making

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Business & Economy UZB

Uzbekistan and Mongolia hold business forum

On June 23, in the capital city of Mongolia, Ulaanbaatar, the Mongolia–Uzbekistan Business Forum was held ahead of the state visit of the President of Uzbekistan Shavkat Mirziyoyev. The event brought together leaders from ministries and government agencies, regional administrations, industry associations, and over 300 companies from both countries. The forum was organized by the Ministry

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Business & Economy KZ

Kazakhstan’s first science city to be established near Almaty

Kazakhstan will establish the country’s first science city, Tekhnokala. It will enjoy a special status and be home to advanced technologies and scientific institutions, universities, and tech businesses, the government’s website reported. The concept of the future science city was discussed at a government meeting on June 20, chaired by Deputy Prime Minister-Minister of National

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Business & Economy Eurasia KZ

Central Asia and China hold Furniture and Construction Industry Forum

The 2025 Central Asia–China Furniture and Construction Industry Cooperation Forum was held in Astana last week. As part of the forum, a founding ceremony was held for the Association of Furniture and Building Materials Manufacturers of Central Asia and China. The event brought together around 100 business representatives from China and countries of the region,

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Business & Economy UZB

IFC supports small businesses and women entrepreneurs in Uzbekistan

To increase access to finance for small businesses and women entrepreneurs in Uzbekistan, IFC, a member of the World Bank Group, has signed an agreement with Hamkorbank, the country’s third largest private lender, to provide a loan of up to $50 million. With 35 percent of the funding earmarked for women-run businesses, this initiative is

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Business & Economy KG

Kyrgyzstan and World Bank Group partner to advance reforms for energy development and sustainable growth

This operation will provide budgetary support to help the Kyrgyz government implement a comprehensive program of reforms aimed at ensuring a sustainable energy supply, enhancing social service delivery, and strengthening fiscal sustainability and the business environment, the World Bank said. With aspirations to move the country toward an upper-middle-income status by 2030, the Kyrgyz government

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Business & Economy KZ

Kazakhstan begins exporting wheat to Vietnam

A transit container train with Kazakh wheat has arrived in the Chinese port of Lianyungang. This is the first of eight trains loaded with wheat destined for Vietnam and shipped via a multimodal route through China. According to the Kazakh Ministry of Agriculture, the train consists of 62 containers weighing a total of 1,700 tons.

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Business & Economy KG

Kyrgyzstan and UNDP launch project to strengthen national capacity for green and climate finance

The Ministry of Natural Resources, Ecology and Technical Supervision of the Kyrgyz Republic, in partnership with the United Nations Development Programme (UNDP), has launched a new project to enhance the capacity of national financial institutions to access and deploy green and climate finance. The initiative is aligned with the Kyrgyz Republic’s National Development Programme 2040

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Business & Economy KG

Kyrgyzstan launches SDG Investor Map to drive sustainable investment

The United Nations Development Programme in partnership with the National Investment Agency under the President of the Kyrgyz Republic officially launched the Kyrgyzstan SDG Investor Map. The SDG Investor Map is a market intelligence tool that identifies priority investment opportunities aligned with the Sustainable Development Goals (SDGs) and the country’s national development priorities. It provides

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Business & Economy KG

EDB-funded modernization of Kant Cement Plant completed in Kyrgyzstan

A ceremony to launch the new production line at the Kant Cement Plant, the construction of which began in spring 2024, was held on June 16 in Kyrgyzstan. One year later, the plant begins operations on a renewed, environmentally friendly and energy-efficient platform, the Eurasian Development Bank (EDB) reported. The project involved the construction of a

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Business & Economy Eurasia KZ

Astana hosts 2nd Central Asia–China Industrial and Investment Cooperation Forum

The Second Central Asia – China Industrial and Investment Cooperation Forum was held in Astana on June 16. The main goal of the forum was to develop and strengthen economic ties between the Central Asian countries and China, attract mutual investments, establish joint production facilities, and promote cooperative projects in the strategic sectors of the region’s economy.

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Business & Economy UZB

US embassy and OSON launch public-private partnership to promote entrepreneurship in Uzbekistan

U.S. Ambassador to Uzbekistan Jonathan Henick and Farkhod Makhmudov, Founder and Shareholder of OSON Holding (Brio Group), signed a Memorandum of Understanding (MOU) in January 2025 to launch a new public-private partnership to expand support for the U.S. State Department’s entrepreneurship activities. Through this partnership, OSON will contribute $50,000 to sponsor a new cohort of

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Business & Economy UZB

Karakalpakstan launches new agricultural development program to boost local economy

The government of Uzbekistan’s Karakalpakstan autonomous region has unveiled a comprehensive agricultural development program aimed at revitalizing the region’s economy and improving food security. The new initiative, which includes investments totaling over $50 million, will focus on enhancing irrigation infrastructure, introducing modern farming techniques, and expanding the cultivation of high-value crops. Investing in Irrigation Infrastructure

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Business & Economy KZ

Kazakhstan becomes world’s 8th-largest sunflower oil exporter

For the first time ever, Kazakhstan entered the club of the world’s top 10 largest sunflower oil exporters, taking 8th place in 2024, according to the country’s Ministry of Trade and Integration. Kazakhstan exports sunflower oil to neighboring Central Asian countries and China, with plans to expand the exports to Middle East countries. Kazakhstan has

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Business & Economy KG

Kyrgyzstan bets on organic agriculture

Today, Kyrgyzstan is almost entirely dependent on the import of mineral fertilizers for its agricultural sector, which employs a significant portion of the country’s population and ensures its food security and export revenues. To resolve the problem, the Ministry of Water Resources, Agriculture and Processing Industry has prioritized switching from mineral fertilizers to a wider

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Business & Economy UZB

EBRD provides funds for irrigation system upgrades in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) says it is contributing to greater efficiency of Uzbekistan’s irrigation system by providing a sovereign loan of up to $250 million (€240 million) to the Ministry of Water Resources of Uzbekistan for upgrades to 110 pumping stations across the country. Used by the irrigation system in 10

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Business & Economy TJK

Tajikistan to boost community livelihoods and infrastructure with World Bank support

The World Bank says it has approved additional financing from the International Development Association (IDA) to benefit local communities, including youth, women, and vulnerable groups, in the Districts of Republican Subordination, Khatlon region, and Gorno-Badakhshan Autonomous Oblast (GBAO) of Tajikistan.  The $25 million grant will extend the Tajikistan Socio-Economic Resilience Strengthening Project (SERSP), which uses

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Business & Economy UZB

Uzbekistan–U.S. Business Forum strengthens economic partnership

The Uzbekistan–U.S. Business Forum was held in Tashkent on June 9. The event was organized by the Ministry of Investments, Industry and Trade of Uzbekistan together with the American-Uzbekistan Chamber of Commerce (AUCC). More than 150 representatives from the business and government sectors of both countries participated in the event, including around 100 leading U.S.

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Business & Economy KG

Kyrgyzstan seeks ADB support for its energy projects

Kyrgyzstan’s Energy Minister Taalaibek Ibrayev last week met with the Asian Development Bank (ADB) officials in Manila to discuss the bank’s participation in the country’s energy projects, including the construction of the Kambarata-1 Hydropower Plant (HPP), an ambitious regional initiative being jointly undertaken by Kyrgyzstan, Kazakhstan, and Uzbekistan.  During the meeting, the ADB expressed its

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Business & Economy KG

Kyrgyzstan moves to ease plastic ban

Kyrgyzstan’s parliament has passed amendments to The Law on Limiting the Circulation of Polymer Film and Plastic Bags, set to take effect on January 1, 2027, 24.kg reported. According to the Law, the following should have been banned throughout the country from 2027: The amendments propose that the Cabinet of Ministers exclude PET plastic bottles

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