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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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Business & Economy KZ

Investment attraction reviewed in Kazakhstan

On December 11, Kazakhstan Prime Minister Olzhas Bektenov held a meeting of the Board of Directors of JSC National Company Kazakh Invest to review the results of the company’s work and plans for further attraction of investments into the country’s economy. Chairman of the Board of NC Kazakh Invest JSC Yerzhan Yelekeyev reported that this

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International Affairs KZ

Kazakhstan seeks to strengthen cooperation with Arab countries

On December 10, Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu held a working meeting with a group of ambassadors of Arab countries accredited in Kazakhstan. The meeting discussed ways to strengthen bilateral and multilateral cooperation, and a constructive exchange of views on the international and regional issues. Particular attention was

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Eurasia International Affairs TKM UZB

Phase 2 of Qoshtepa canal project in Afghanistan 81% complete

Afghanistan’s National Development Company says that Phase 2 of the Qoshtepa Canal construction project is 81% complete, TOLOnews reported. Nabiullah Arghandiwal, spokesperson for the National Development Company, said: “The construction process is progressing rapidly with advanced machinery and work teams. The embankments of the canal are also 67% complete, and all work is being carried

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International Affairs KZ

Second ‘Goodwill Ambassador’ award ceremony in Kazakhstan

On December 9, the Ministry of Foreign Affairs of Kazakhstan hosted a ceremony to appoint the second group of “Goodwill Ambassadors of Kazakhstan,” with the participation of First Deputy Minister of Foreign Affairs Akan Rakhmetullin. This project, initiated by President Kassym-Jomart Tokayev, aims to foster dialogue between cultures and peoples, while enhancing the country’s visibility

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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 UZB

Uzbekistan strengthens efforts to expand exports to European markets

On December 4–5, a meeting of the European Union’s Working Group on the Generalised Scheme of Preferences (GSP+) was held in Brussels. The event brought together representatives from 28 EU member states and, for the first time, a delegation from Uzbekistan, represented by the Ministry of Investments, Industry, and Trade (MIIT). During the meeting, the

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International Affairs KZ

Kazakhstan’s initiative to create International Agency for Biological Security discussed in Geneva

A side event titled “International Agency for Biological Security: Progress and Prospects in the Context of the Institutionalization of the BWC” organized by the Permanent Mission of Kazakhstan to the United Nations in Geneva was convened on December 4 at the Palais des Nations. Held on the sidelines of the Working Group on the Strengthening

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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 KZ

EDB to invest in construction of modern logistics complex in Kazakhstan

The Eurasian Development Bank (EDB) and Eurasian Logistics Park LLP have signed a loan agreement for the construction of a Class A industrial and logistics complex in the Almaty region of Kazakhstan. The loan amounts to 16.6 billion tenge. The project provides for the construction of two modern warehouse buildings with a total area of 50

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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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Art & Culture Eurasia RU World

Author from Russia awarded by British publishing house Hertfordshire Press

The Hertfordshire Press Award for outstanding achievements in shaping and promoting the literary heritage of the Eurasian countries in the international space took place on November 29 during the 8th international festival Eurasian Creative Week in Greenock, Scotland. The festival events and award ceremony brought together creative people and diplomats from 15 countries. Literary figures

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Art & Culture KZ

Kazakh wedding ritual inscribed on UNESCO List of Intangible Cultural Heritage

At the 19th session of the UNESCO Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, held in Asunción, Paraguay on December 4, the traditional Kazakh wedding ritual Betashar was included in the Representative List of the Intangible Cultural Heritage of Humanity. “Betashar is one of the most vivid and widespread rituals in the living

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Business & Economy KZ

EBRD and Canada provide €267 million financing for Kazakhstan’s power grid company

The European Bank for Reconstruction and Development (EBRD) says it is contributing to greater energy security in Kazakhstan and helping to improve the reliability of its power supply system by arranging €267 million in financing for the Kazakhstan Electricity Grid Operating Company (KEGOC). The financial package consists of a Bank loan of up to €252 million and a concessional

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Art & Culture Eurasia KZ UZB World

XIII Eurasian Creative Week held in Scotland

From 28 to 30 November, the XIII Eurasian Creative Week took place in Greenock, Scotland. The event brought together artists, writers, poets, diplomats and creative figures from 15 countries: Canada, France, Russia, Kazakhstan, Kyrgyzstan, Belarus, Israel, Uzbekistan, Tajikistan, Scotland, England, and Ukraine. The festival included exhibitions, book presentations, an award ceremony, and a film screening.

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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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International Affairs KZ

Kazakhstan and World Bank forge partnership on water conservation

On December 3, during the One Water Summit in Riyadh, the Ministry of Water Resources and Irrigation of Kazakhstan and the World Bank signed a Memorandum of Understanding (MoU) aimed at enhancing water resource management and promoting environmental sustainability. This MoU, signed following the meeting between President of Kazakhstan Kassym-Jomart Tokayev and World Bank Group

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International Affairs KZ

Kazakhstan to chair the Economic Cooperation Organization

Deputy Prime Minister–Minister of Foreign Affairs of Kazakhstan Murat Nurtleu participated in the 28th meeting of the Council of Foreign Ministers of the Member States of the Economic Cooperation Organization (ECO) in Mashhad, Iran on December 3. From January 1, 2025, the ECO chairmanship will pass from Iran to Kazakhstan for one year. During the

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Art & Culture Eurasia KZ

Authors from Kazakhstan win in three categories of British publishing house Hertfordshire Press award

The Hertfordshire Press Award for outstanding achievements in shaping and promoting the literary heritage of the Eurasian countries in the international space took place on November 29 during the 8th international festival Eurasian Creative Week in Greenock, Scotland. The festival events and awards ceremony brought together creative people and diplomats from 15 countries. Literary figures

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