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Business & Economy KZ

ADB to help improve connectivity, road safety in Kazakhstan

The Asian Development Bank (ADB) has approved a sovereign-guaranteed local currency loan of up to $291.49 million equivalent to KazAvtoZhol National Company to reconstruct 208 kilometers of road in central Kazakhstan that will improve domestic and regional connectivity, road safety, and promote national and international trade. The ADB project will upgrade the existing two-lane highway

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Business & Economy KZ

EBRD president to visit Kazakhstan

The European Bank for Reconstruction and Development (EBRD) announced that its President, Odile Renaud-Basso, will visit Kazakhstan from 31 October to 1 November for meetings with senior government officials and multilateral financial institutions. During her two-day program, the EBRD President will meet with Kazakhstan’s President Kassym-Jomart Tokayev, hold a bilateral meeting with the leadership of the Asian Development Bank

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Business & Economy Eurasia KG

Kyrgyzstan hosts E-Commerce Expo 2024 to drive digital transformation in Central Asia

The Ministry of Economy and Commerce of the Kyrgyz Republic on October 27 hosted the E-Commerce Expo 2024, a milestone event aimed at accelerating digital transformation across Central Asia. Organized with the support of the United Nations Development Programme (UNDP), the event attracted over 600 participants, including business leaders, government officials, entrepreneurs, and representatives from international

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Business & Economy KZ

First meeting of Kazakhstan-Mongolian Business Council

The first meeting of the Kazakhstan-Mongolian Business Council was held in Ulaanbaatar with the participation of Minister of Digital Development of Kazakhstan Zhaslan Madiyev, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov and representatives of the business community of the two countries, Kazakh Invest reported. Speaking at the meeting, Ospankulov informed the participants

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Business & Economy KZ

LRT construction underway in Astana

On October 24, Prime Minister of Kazakhstan Olzhas Bektenov inspected the construction of a light rail transport (LRT) line in the capital, Astana, the government’s press service reported. Akim (Mayor) of Astana Zhenis Kasymbek reported that to date, the laying of the beams of the LRT flyover has been completed. By the end of 2024,

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Business & Economy Eurasia KZ

EDB Fund for Digital Initiatives begins financing Kazakhstan’s Digital Investment Platform

In October 2024, the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives allocated the first tranche for a project to establish a National Digital Investment Platform in Kazakhstan. The project aligns with the digital agenda of EDB member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan, aiming to accelerate the development of the digital

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Business & Economy Eurasia KZ

Kazakhstan’s digital integration in the EAEU: customs and transport

Digitalization of customs administration and cargo transportation is becoming a key priority for Kazakhstan as it seeks to strengthen its position in the international arena and become a leading player in the Eurasian Economic Union (EAEU). Effective digitalization and integration with international trade routes can provide Kazakhstan with significant economic advantages, Rosreporter writes in an

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Business & Economy KZ

Kazakhstan can increase grain export to Asian countries

According to the Kazakh Ministry of Agriculture, this year the total area of agricultural crops in Kazakhstan was 23.3 million hectares, of which 16.7 million hectares were sown with cereals. To date, field work is 99.7% complete and 26.5 million tons of grain have been threshed. At the Government session on October 23, Deputy Minister

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Business & Economy TJK

ADB approves $86 million grant to develop green road corridor in Tajikistan

The Asian Development Bank (ADB) has approved a $86.67 million grant to help Tajikistan further improve national road connectivity by developing a demonstration green corridor in the country. The project will upgrade the existing degraded two lane 49-kilometer Dangara–Guliston road, widening this to four lanes. The project is the first to pilot the innovative methods promoted in

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Business & Economy KZ

Kazakhstan opens the country’s longest bridge

Kazakhstan’s longest bridge was opened in East Kazakhstan Region on October 21 across the Bukhtarma reservoir. The two-lane automobile bridge is 1,316 meters long, and up to 80,000 vehicles can pass through it per day. At a meeting with local residents at the opening ceremony, Prime Minister Olzhas Bektenov said that the new bridge, which

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Business & Economy UZB

Uzbekistan to build waste incineration plants

On October 21, Uzbekistan President Shavkat Mirziyoyev attended a presentation of projects for recycling household waste and producing electricity and products from it, the president’s press service reported. Uzbekistan generates 14 million tons of waste annually. However, only 4-5 percent of it is recycled. Over 7 million tons of greenhouse gases and 43 thousand tons

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Business & Economy TJK

USAID sponsors International Khatlon Invest and Bokhtar Food Forum in Tajikistan

The United States Agency for International Development (USAID) sponsored the fourth International Khatlon Invest and Bokhtar Food Forum–2024 from October 17 to 18 in Tajikistan’s Khatlon region. Co-hosted by the Khatlon Regional Government and the Export Development Agency of Tajikistan, and other international partners, this event enhanced regional trade and connectivity across Central Asia and

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Business & Economy UZB

Uzbekistan’s top fertilizer producer launches new plant with USAID support

Änjali Kaur, Deputy Assistant Administrator of the United States Agency for International Development (USAID), and David Hoffman, USAID Mission Director in Uzbekistan on October 11 participated in the opening ceremony of a new fertilizer production plant established by Ifoda Agro Kimyo Himoya LLC. Ifoda, one of Uzbekistan’s leading fertilizer producers and a recipient of USAID’s Fertilizer

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Business & Economy KZ

ADB helps to boost financial access for women-owned small businesses in Kazakhstan

The Asian Development Bank (ADB) and Arnur Credit Limited Liability Company have signed a senior unsecured loan of up to $5 million (in tenge equivalent) to expand access to finance for micro, small, and medium-sized enterprises (MSMEs) in Kazakhstan, with a focus on women-led MSMEs (WMSMEs) and as well as green loans. Arnur Credit will

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Business & Economy KZ World

Kazakhstan and Brazil strengthen cooperation

The third meeting of the Kazakh-Brazilian Business Council was held in Porto Alegre on October 14. Lucas Redeсker, Chairman of the International Affairs Committee of the Brazilian National Congress; Bolat Nussupov, Ambassador of Kazakhstan to Brazil; Marcel Biato, Ambassador of Brazil to Kazakhstan; and Marat Birimzhan, representative of JSC NC KAZAKH INVEST in the Americas participated. The meeting

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Business & Economy TJK

USAID co-hosts Startupstan Summit 2024 in Tajikistan

The U.S. Agency for International Development (USAID), in partnership with the State Committee for Investments and State Property Management of Tajikistan, the State Business Incubator, and the public organization Toji Nurafshon (Tajikistan Venture Capital) hosted the Startupstan Summit 2024 in Dushanbe on October 12-13. The Startupstan Summit 2024 is a platform to foster partnerships among

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Business & Economy KZ

More water flows into Aral Sea this year

The Ministry of Water Resources and Irrigation of Kazakhstan said it had sent 977 million cubic meters of water to the Aral Sea during this year’s irrigation season, or 98% of the plan. In recent years, only 350-400 million cubic meters of water flowed into the sea during irrigation seasons.   Since the beginning of

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Business & Economy KZ

US Trade Mission visits Kazakhstan

Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov on October 9 met with the delegation of the U.S. Trade Mission, headed by Deputy Assistant Secretary of State for Europe and Eurasia David De Falco and U.S. Ambassador to Kazakhstan Daniel Rosenblum. The parties discussed expanding strategic cooperation with the United States, focusing on developing

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Business & Economy TJK UZB

ADB grant to strengthen energy security in Central Asia

The Asian Development Bank (ADB) has approved additional grant financing of $15 million to help Tajikistan scale up an ongoing project to reconnect the country’s power system to the Central Asian Power System (CAPS) through interconnections with neighboring Uzbekistan. “Through the Central Asia Regional Economic Cooperation (CAREC) program, ADB actively promotes regional power trade among countries in

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Business & Economy TKM

Turkmenistan confiscates passports of travelers with bank loans

Authorities in Turkmenistan have begun confiscating the passports of individuals trying to leave the country if they have outstanding bank loans, RFE/RL’s Turkmen Service reported. The move is seen as a major blow to many who are migrant workers heading abroad to earn badly needed cash to send home. RFE/RL’s Turkmen Service reports that authorities

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