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Business & Economy KZ

Kazakhstan begins wheat flour export to U.S.

Kazakhstan has for the first time exported 50 tons of wheat flour to the U.S.   According to Kazakhstan’s QazTrade Center for Trade Policy Development, Kazakh flour is already available on Amazon and Walmart under the Eurasian Legacy brand. On Amazon, the product is priced at $14.50 per 1.36 kg package and is positioned as

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Business & Economy UZB

Uzbekistan Airways orders up to 22 Boeing 787 Dreamliners

Boeing and Uzbekistan Airways on September 22 announced the single largest order in the airline’s history as the flag carrier plans to acquire up to 22 787 Dreamliners. Uzbekistan Airways’ purchase of 14 787-9 airplanes, with options for eight more of the ultra-efficient jets, will modernize its Boeing widebody fleet while supporting nearly 35,000 U.S.

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Business & Economy KZ

Agreement reached to bring Project Kuiper satellite internet to Kazakhstan

Kazakhstan will soon have access to high-speed internet in areas currently lacking service, thanks to a new agreement announced on September 22 between Amazon’s Project Kuiper and Kazakhtelecom, Kazakhstan’s telecommunications operator. The partnership will bring high-speed satellite internet to communities throughout Kazakhstan, marking a significant step in bridging the digital divide in Central Asia’s largest

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Business & Economy KZ

Kazakhstan’s KTZ and Wabtec sign $4.2 billion deal on locomotives supply

Kazakhstan Temir Zholy (KTZ), the country’s national railway company, and the American company Wabtec have signed an agreement for the supply of the new TE33AT series of locomotives, manufactured in Kazakhstan at the Lokomotiv Kurastyru Zauyty plant in Astana. Service agreements covering the maintenance of new and existing locomotives were also signed as part of

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Business & Economy KG

Kyrgyzstan: EDB and ORTA ASYA Investment Holding partner for hydropower plants construction

The Eurasian Development Bank (EDB) and ORTA ASYA Investment Holding have announced the launch of a strategic partnership to jointly implement large-scale hydropower projects in Kyrgyzstan.  The parties have agreed to cooperate in developing a feasibility study for the Suusamyr-Kokomeren HPP cascade project, which is being financed by the Eurasian Development Bank, and have signed

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Business & Economy UZB

Uzbekistan to completely eradicate absolute poverty by 2030

On September 17, the III International forum “From poverty to prosperity” started in the city of Namangan. President of Uzbekistan Shavkat Mirziyoyev addressed the opening ceremony.  The president said that the fight against poverty has been lifted to the ranks of state policy in Uzbekistan. Thanks to the consistent reforms 7.5 million people have been

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Business & Economy KZ

Chinese company considers industrial hemp project in Kazakhstan

On September 17, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov held a meeting with Chairman of the Board of the Chinese company Cheng Tian Run Kang Medical Limited, Li Shu-he. The investor expressed an intention to implement a project in Kazakhstan on the cultivation and processing of

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Business & Economy KG

Kyrgyzstan: Improving Air Quality project to phase out coal heating in Bishkek

Kyrgyzstan’s Ministry of Finance has teamed up with local banks for implementing the “Improving Air Quality” project, aimed at supporting the transition of Kyrgyzstani households from coal heating to modern and environmentally friendly types of heating homes. The project received $50 million financing from the International Development Association. $31.8 million of that amount will be

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Business & Economy UZB

Uzbekistan launches first hydropower plant on Naryn river

In March last year, President Shavkat Mirziyoyev gave start to the construction of new power plants in Namangan region. On September 16, the first hydropower plant of the Naryn HPP cascade was put into operation.  The development of renewable energy sources is determined as a strategic direction for ensuring sustainability of the national economy. In

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Business & Economy KZ

Carlsberg to build new plant in Kazakhstan

On September 16, a ceremony was held to sign the investment agreement and lay the foundation stone for Carlsberg Kazakhstan’s new non-alcoholic beverages plant. The event was attended by Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov, and senior management of Carlsberg Group and PepsiCo. Ospankulov noted that

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Business & Economy KZ

ADB invests in new road project in Kazakhstan

The Asian Development Bank (ADB) has approved a sovereign-guaranteed loan of $400 million equivalent to KazAvtoZhol National Company JSC for the construction of a new road in southern Kazakhstan. The project aims to enhance regional connectivity, enhance transport efficiency, facilitate cross-border trade flows, and improve road safety. “The Saryagash Bypass Road will strengthen Kazakhstan’s trade

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Business & Economy UZB

Uzbekistan expands area of protective forest plantations

Work on the establishment of protective forest plantations is ongoing in the regions of Uzbekistan. During the current year, 17 state forestry enterprises have established protective forest plantations covering a total area of 776 hectares. In particular, this work was carried out by the Andijan, Khorezm, Shurtan, Navoi, Navbahor, Akhangaran, and Kizirik state forestry enterprises,

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Business & Economy UZB

Uzbekistan phases out AI-80 gasoline to reduce harmful emissions from motor transport

In recent years, Uzbekistan has witnessed a rapid increase in the number of motor vehicles. While in 2021 the country had 3.14 million registered cars, by 2025 their number had grown by 66%, reaching 5.2 million. This sharp rise is particularly evident in Tashkent, where the expanding vehicle fleet directly affects air quality and public

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Business & Economy KZ

Dutch trade mission on critical raw materials visits Kazakhstan

Deputy Chairman of the Board of Kazakh Invest national company, Madiyar Sultanbek held a meeting with the delegation of the Dutch trade mission on critical raw materials in Astana. The mission includes leading Dutch companies and research organizations specializing in mining technologies, metallurgy, resource processing, secondary use of raw materials, and implementation of circular solutions, including

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Business & Economy UZB

Uzbekistan to hold population and agriculture census

On September 11, President Shavkat Mirziyoyev reviewed proposals on the organization of a single population and agriculture census in Uzbekistan. The previous nationwide census was held back in 1989. According to the new law “On population census,” the population is subject to census at least once in 10 years and agriculture in every 5 years. 

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Business & Economy KG

Kyrgyz bank joins Chinese interbank payment system for yuan settlements

Kyrgyzstan’s state-owned Eldik Bank has become the first bank in Central Asia to join China’s Cross-Border Interbank Payment System (CIPS) as a direct participant. According to the bank, this strategic step opens up new opportunities for Kyrgyzstan to carry out direct and instant settlements in yuan with Chinese partners and other participants in the system,

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Business & Economy KZ

Construction of new power unit begins at Karaganda CHPP-3 in Kazakhstan

Construction of a new power unit has begun at the Combined Heat and Power Plant (CHPP)-3 in Karaganda, Kazakhstan. The project will create additional electricity and heat supply resources for the region. The project is being implemented in strategic partnership with the Eurasian Development Bank.  The capsule-laying ceremony on September 10 was attended by the

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Business & Economy UZB

ADB and ACWA Power to build Central Asia’s first wind power plant with battery energy storage

The Asian Development Bank (ADB) and ACWA Power Company have signed a $51 million loan package to build the Nukus 2 Wind and Battery Energy Storage facility in Uzbekistan’s Qoraozak district in the Republic of Karakalpakstan. The project will be implemented by ACWA Power Beruniy Wind FE LLC, which is fully owned by ACWA Power.

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Business & Economy KG

Kyrgyzstan opens airport in Naryn

On September 8, the airport in Naryn, the main city of the Naryn region in central-east Kyrgyzstan, opened after major reconstruction with the launch of regular Bishkek-Naryn-Bishkek flights operated by state-owned Asman Airlines. All regional airports built in Kyrgyzstan in the Soviet time were never repaired until the most recent time, and the Naryn airport

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Gulf states emerge as major trading partners of Central Asian countries

The volume of trade between Central Asian countries and the Gulf states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) reached $3.3 billion in 2024, an increase of 4.2 times since 2020, according to the Eurasian Development Bank (EDB). Imports to Central Asian countries from the Gulf states accounted for 80% of

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