On June 20 in Astana, representatives of the national company Kazakh Invest met with Vikram Vuppala, CEO of the Indian company NephroPlus to discuss the company’s plans for developing the dialysis market in Kazakhstan, Kazakh Invest reported. Vikram Vuppala told the Kazakh representatives that NephroPlus considers Kazakhstan as a new market for investment in the framework of
According to the Eurasian Development Bank (EDB), today, over 2 billion people globally do not have access to safe drinking water. Without action, the situation will only worsen in the long run. By 2050, drinking water consumption is projected to increase by 1.5 times. This is why the United Nations’ Sustainable Development Goal 6 is to
The U.S. Agency for International Development (USAID) and the International Association of Businesswomen “Tadbirkor Ayol” last week hosted the Central Asian Conference on “Women of Central Asia in the Hospitality Business: Current Challenges and Opportunities” in Tashkent. The event gathered approximately 200 women entrepreneurs, professionals, and industry experts from Uzbekistan, Tajikistan, and the Kyrgyz Republic
A presentation and signing ceremony for the roadmap to implement a project to construct a salty snack production plant in Kazakhstan took place in Astana last week. The facility, to be located in the Almaty region, will produce potato chips under the globally renowned Lay’s brand. The American company PepsiCo plans to invest $160 million,
Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, on June 13 met with Nabil Marc Abdul-Massih, CEO of Swiss INOKS Capital. During the meeting, the parties discussed the company’s interest in expanding investment activities in Kazakhstan, including creating an agricultural fund and concluding an investment agreement, Kazakh Invest reported. Representatives
Participants in the first Academy for Women Entrepreneurs (AWE) program in Turkmenistan pitched their business ideas to a panel of business experts in Ashgabat. The event on June 8 marked the conclusion of the AWE program, launched in March this year and implemented in Turkmenistan by the U.S. Embassy in partnership with the country’s Union of
Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, met with Seung-Chan Jung, the Managing Director of Samsung C&T Corporation in Turkey and Central and Eastern Europe. During the meeting, the parties discussed the company’s plans for cooperation in construction and modernization of energy facilities in Kazakhstan and in renewable energy
The European Bank for Reconstruction and Development (EBRD) on June 11 said it is pledging new funds to boost the efficiency of electricity supply in the Kyrgyz Republic by providing a financial package of up to €14 million to the government to be on-lent to the National Electric Grid of the Kyrgyz Republic, a majority state-owned electricity transmission
On June 10, a meeting of the National Development Council was held under the chairmanship of the President of Tajikistan Emomali Rahmon. The meeting evaluated the interim implementation of the National Development Strategy of Tajikistan for the period until 2030, identified further development priorities, and attracted the attention of development partners to increasing funds for
Long-term contracts for Russian natural gas supplies to Kyrgyzstan have been signed between Gazprom Export and Gazprom Kyrgyzstan. Long-term contracts for gas supplies have also been concluded between Gazprom Kyrgyzstan and two large gas consumers in Kyrgyzstan — Electric Stations and the Bishkekteploenergo municipal heating enterprise. Gazprom Kyrgyzstan is a wholly-owned subsidiary of Russian gas giant Gazprom
The Eurasian Development Bank (EDB) says it is preparing a concept for the Eurasian Transport Network aimed at enhancing connectivity across Eurasia and stimulating economic development, trade and mobility in the region. The Eurasian Transport Network is a system of international transport corridors and routes spanning over 50,000 kilometres. In 2023, five key corridors –
The United Nations Development Programme (UNDP) in Kyrgyzstan, in collaboration with the JIA Business Association, is launching a mentoring programme for women entrepreneurs and youth. The programme is part of the UNDP project “Aid for Trade in Central Asia”, funded by the government of Finland, and aimed at supporting the development of value chains of natural honey,
On June 3 in Astana, Chairman of the Board of the national company Kazakh Invest Yerzhan Yelekeyev held a meeting with executives of Singaporean companies. The delegation visited Kazakhstan following the results of the forum held in Singapore with the participation of Kazakhstan’s president in May. During the meeting, the parties discussed prospects for further investment cooperation
On June 3, Prime Minister of Kazakhstan Olzhas Bektenov and Chairman of the Board of Directors of China Nonferrous Metal Mining Co. Ltd. Xi Zhengping discussed cooperation in the copper industry. The result of the meeting was the signing of an agreement on the construction of a smelter with a capacity of 300 thousand tons
On May 30 in Rome, Minister of Foreign Affairs of Kazakhstan Murat Nurtleu held a series of meetings with the heads of major Italian companies interested in the development of investment, trade and economic cooperation with Kazakhstan. At the meeting with Stefan Pontecorvo, President of the transnational company Leonardo, the parties addressed the possibilities of
A webinar was held last week by the British company FrontierView on the topic “Kazakhstan’s potential: macroeconomic and investment prospects for 2024”. Ambassador of Kazakhstan to the UK, Magzhan Ilyassov and Project Manager of the Task Force Department of National Company Kazakh Invest, Dinara Isabekova attended the event. The webinar was held with more than 40 representatives of the British
Major companies from Russia, Kazakhstan, and Uzbekistan have shown interest in investing in Afghanistan’s oil and gas mines, Afghan broadcaster TOLOnews reported citing the country’s Ministry of Mines and Petroleum. Homayoon Afghan, spokesperson for the ministry, says they welcome foreign companies to invest in Afghanistan’s oil and gas mines. According to Mr. Afghan, recently two large
The World Bank’s Board of Executive Directors on May 24 approved a $100 million concessional loan for Uzbekistan to implement the Innovative Social Protection System for Inclusion of Vulnerable People (INSON) Project. The project aims to improve access to and quality of social services for vulnerable people in Uzbekistan. The project is also co-financed by a
The Eurasian Development Bank (EDB), a consortium of Tez Zhol and Zhagalmai, and DemirBank have signed agreements to build and maintain a bypass road around the town of Uzgen in the Osh region of southern Kyrgyzstan. According to EDB’s press office, the project aims to develop the road sector and improve connectivity in the Osh
The Eurasian Development Bank (EDB) and Kyrgyzstan’s Electric Stations have signed a technical assistance agreement for the purchase of equipment for the Bishkek combined heat and power plant (CHPP). This project, financed by the EDB Technical Assistance Fund (TAF), aims to address the consequences of an accident that occurred at the plant on 2 February