Business & Economy Eurasia KG KZ TJK UZB

EBRD sets an investment record in Central Asia

The European Bank for Reconstruction and Development (EBRD) says it has set a new operational record in Central Asia by investing €2.26 billion through 121 projects in six regional economies last year – almost doubling its annual investment in Central Asia compared with 2023. It also mobilized €784 million from co-financiers, thus bringing more than

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Business & Economy KG UZB

Kyrgyzstan exporters expand presence in Uzbek market

The Trade Mission of the Kyrgyz Republic in Uzbekistan has signed a memorandum of cooperation with Food City Tashkent LLC. The memorandum is aimed at developing trade and economic relations between the Kyrgyz Republic and Uzbekistan, as well as creating the necessary conditions for promoting Kyrgyz exporters to the Uzbek market. As part of the

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Geo Politics KG KZ

Kazakhstan and Kyrgyzstan strengthen strategic dialogue

The Minister of Foreign Affairs of the Kyrgyz Republic Zheenbek Kulubaev paid his first official visit to Astana on January 10. During the talks, Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu and Minister Kulubaev discussed priority areas of political, trade, economic, investment, water and energy, transit and transport, and cultural

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Geo Politics KG

Kyrgyzstan detains man for recruiting to Ukraine war

The Unit for Combating Extremism and Illegal Migration of the Internal Affairs Department of Kyrgyzstan’s Chui Region says it has detained a man suspected of calling on citizens of Kyrgyzstan to participate in military conflicts in other countries. The Internal Affairs Department on December 12, 2024 received information about videos distributed on the Internet and

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Business & Economy KG

Kyrgyzstan: Government takes steps to reduce air pollution in Bishkek

Late in December, Kyrgyzstan’s Deputy Chairman of the Cabinet of Ministers, Bakyt Torobayev held a meeting on the fulfillment of the government’s plan of priority measures to improve air quality in the capital city of Bishkek for 2024-2025. The plan was approved in February 2024 and included measures to provide the population with high-calorie coal

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International Affairs KG

Kyrgyzstan joins School Meals Coalition

Kyrgyzstan has joined the School Meals Coalition, a global initiative launched by France and Finland in 2021, to offer every child in the world daily access to a school meal by 2030, the United Nations World Food Programme reported. In Kyrgyzstan, nearly half of children aged 6 to 59 months and adolescent girls suffer from

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Business & Economy KG

US government supports dairy sector in Kyrgyzstan

More than 500 people in the agricultural sector will benefit from advanced cattle management, fodder cultivation, and artificial insemination initiatives supported by the U.S. government through the United States Agency for International Development (USAID). The new partnerships drive economic growth in the south of the Kyrgyz Republic by strengthening the dairy value chain and livestock breeding.

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Geo Politics KG UZB

Construction of China-Kyrgyzstan-Uzbekistan railway begins

Kyrgyzstan President Sadyr Japarov, Chairman of the National Development and Reform Commission of the People’s Republic of China Zheng Shanjie, and Uzbekistan Deputy Prime Minister Jamshid Khodjayev on December 27 attended a ceremony to launch the construction of the China-Kyrgyzstan-Uzbekistan railway in the village of Tosh-Kutchu in Kyrgyzstan’s Jalal-Abad region. Speaking at the ceremony, Japarov

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International Affairs KG

Declaration of International Snow Leopard Day marked in Kyrgyzstan

The Ministry of Foreign Affairs of Kyrgyzstan and the Global Snow Leopard and Ecosystem Protection Program (GSLEP) last week held an event in Bishkek to mark the declaration of October 23 as International Snow Leopard Day by a resolution of the 79th session of the UN General Assembly. First Deputy Minister of Foreign Affairs Asein

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International Affairs KG

Kyrgyzstan introduces visa-free regime for citizens of Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain

The Ministry of Foreign Affairs of Kyrgyzstan has announced that a visa-free regime will be introduced for citizens of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Qatar, the State of Kuwait, the Sultanate of Oman, and the Kingdom of Bahrain starting from January 4, 2025. Citizens of these countries traveling

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International Affairs KG

New fire and rescue station opens in Bishkek with Korean support

The opening ceremony of the new Fire and Rescue Station No. 9 took place in Bishkek last week. The construction of the station was part of the project “Improvement of fire safety of population by strengthening capacity of the Fire and Rescue Services in the Kyrgyz Republic”, implemented by the United Nations Development Programme (UNDP)

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Geo Politics KG

Kyrgyzstan: Prime Minister Japarov steps down with no explanation

Kyrgyzstan’s Prime Minister Akylbek Japarov resigned on December 16 without offering an explanation, RFE/RL’s Kyrgyz Service reported. Kyrgyz President Sadyr Japarov’s office confirmed that Akylbek Japarov (no relation) had stepped down and would be moved to another position. The president named First Deputy Prime Minister Adylbek Kasymaliev, 64, as acting prime minister. Pressure was growing on Akylbek

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Business & Economy KG

EDB to finance pre-feasibility study for construction of Suusamyr-Kokomeren HPP cascade in Kyrgyzstan

The Eurasian Development Bank (EDB), the Ministry of Economy and Commerce and the Ministry of Energy of the Kyrgyz Republic have signed a trilateral Memorandum of Cooperation on the Suusamyr-Kokomeren HPP Cascade Project. An essential factor in Kyrgyzstan’s economic development is increasing energy capacity by utilising the natural hydropower potential of its rivers. The construction

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Business & Economy Eurasia KG KZ TJK TKM UZB

The future of Islamic finance in Central Asia discussed

The Eurasian Development Bank (EDB), the Islamic Development Bank (IsDB) Institute, and the London Stock Exchange Group (LSEG), in the spirit of promoting Islamic Finance in Central Asia, have held a panel discussion, “Bridging the Capital Road: CIS & GCC,” as part of the Islamic Banking program at Abu Dhabi Finance Week (ADFW). This panel highlighted the transformative

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International Affairs KG

UNDP and EU strengthen early warning system for monitoring disasters in Kyrgyzstan’s Fergana Valley

The opening of a weather station for the early warning system aimed at protecting the Fergana Valley from climate risks and potential natural disasters was held on December 9 in Batken. This weather station is one of four planned for launch in the region. Similar stations will soon be operational in the pilot communities of

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Business & Economy KG KZ TJK

EDB forecasts high economic growth rates in its member states in 2025

The Eurasian Development Bank (EDB) has published its Macroeconomic Outlook, summarizing a preliminary overview of economic developments in the Bank’s six member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan — in 2024, along with key macroeconomic projections for 2025, as well as for 2026 and 2027. EDB analysts estimate that GDP growth in

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International Affairs KG

US Embassy provides IT skills to 400 young people and people with disabilities in Kyrgyzstan

The Academy of Creative Professions, supported by the U.S. Embassy in the Kyrgyz Republic, on December 6 hosted a closing event where fourteen of the most talented participants of Graphic Design and Social Media Marketing (SMM) courses showcased their new skills as part of a competition. A jury of project representatives and private companies selected first-,

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Business & Economy KG

EDB to finance feasibility study for construction of highway in Kyrgyzstan

On December 5, the Eurasian Development Bank (EDB) and the Cabinet of Ministers of the Kyrgyz Republic signed an agreement on the provision of technical assistance for the Bishkek—Kuntuu—Belogorka—Suusamyr Highway Construction project. The technical assistance project includes the development of a preliminary feasibility study for the construction of an alternative highway that will connect Bishkek with

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Geo Politics KG KZ

Kazakhstan and Kyrgyzstan expand trade and economic cooperation

On December 4 in Bishkek, Prime Minister of Kazakhstan Olzhas Bektenov and Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov held the 12th meeting of the Kazakh-Kyrgyz Intergovernmental Council. The meeting addressed issues of expanding trade and economic cooperation between Kazakhstan and Kyrgyzstan, as well as interaction in the field of transport and

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Business & Economy KG

ADB financing to strengthen project implementation in Kyrgyzstan

The Asian Development Bank (ADB) has approved a $22.58 million small expenditure financing facility (SEFF) that will support activities to boost project readiness and make project implementation more efficient and sustainable in Kyrgyzstan. The financing includes a $13.36 million concessional loan and a $9.22 million grant from the Asian Development Fund. It will fund project preparatory

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