The Eurasian Development Bank (EDB), a supranational financial institution headquartered in Almaty, Kazakhstan, issued a private placement bond, denominated in dirham, in the local UAE capital markets. This pioneering issuance of AED 200 million (equivalent to c. US$54 million), was arranged by First Abu Dhabi Bank (FAB), the largest bank in the UAE, in partnership with
A Memorandum of Understanding has been signed between Azamat Kozhanov, Deputy Chairman of the Management Board of Kazakh Invest national company, and Maria Perez, Kazakhstan Project Director of the international business publication The Business Year. The agreement outlines cooperation on the upcoming edition The Business Year: Kazakhstan 2026, focused on Kazakhstan’s investment potential. In line with the
As part of his state visit to Azerbaijan, President of Uzbekistan Shavkat Mirziyoyev and President of Azerbaijan Ilham Aliyev held talks and the second meeting of the Supreme Interstate Council on July 2 in Baku. The leaders discussed issues of further strengthening Uzbek-Azerbaijani relations of friendship, strategic partnership and alliance, as well as expansion of
Since gaining independence, the countries of the post-Soviet space have focused significant attention on finding and building an optimal strategy for developing their education systems. Dastan Bekeshev, Member of the Jogorku Kenesh (Kyrgyz parliament) and Deputy Chairman of the parliamentary Budget Committee, spoke with OCA Magazine about the main challenges and achievements on this path.
The International Finance Corporation (IFC), a member of the World Bank Group and Asian Credit Fund (ACF), one of the leading microfinance institutions in Kazakhstan, announced a new strategic partnership aimed at expanding access to finance for micro enterprises in rural areas of Kazakhstan. This collaboration is expected to foster financial inclusion, create jobs, and
Construction of a plant for the collection, transshipment and fractionation of liquefied petroleum gas (LPG) from the Kashagan oil field has begun in Kazakhstan’s Atyrau region. The project is aimed at ensuring stable supplies of LPG to the domestic market and reducing chronic shortages of this type of motor fuel. LPG is the most affordable
On July 1, Uzbekistan President Shavkat Mirziyoyev reviewed a presentation outlining plans in digital technologies, artificial intelligence, and telecommunications. Significant progress has been achieved in the development of digital technologies in the country. The number of IT Park residents has exceeded 2,800, with 752 of them being foreign companies. Approximately 40,000 young people earn high
One of Turkey’s leading logistics companies, S Sistem Lojistik, plans to invest approximately $100 million in the construction of a network of modern logistics and warehouse terminals in Kazakhstan. Priority locations for these facilities include Almaty, Astana, Shymkent, Aktau, and other major cities. The project was discussed in Astana on June 27 by Chairman of
Uzbekistan President Shavkat Mirziyoyev delivered a speech on the occasion of Youth Day, celebrated on June 30. According to the president, the conditions being created for youth in the country are already yielding tangible results. Last year, Uzbekistan ranked first in Central Asia in the number of students admitted to the world’s top 500 universities.
In a major advancement for energy connectivity and resilience in Tajikistan’s Badakhshan Mountainous Autonomous Region (GBAO), the Government of Tajikistan late in June inaugurated and broke ground on critical power infrastructure that will bring the country closer to finalizing the regional electricity grid, the Delegation of the European Union to Tajikistan reported. The high-level ceremony,
U.S. Air Forces Central and the Montana Army and Air National Guard partnered with the Kyrgyz Republic for exercise Ak Shumkar 2025, between June 23-27, focused on expanding partnerships and increasing interoperability among partner forces throughout Central Asia, according to the U.S. Embassy in Bishkek. As a Kyrgyz-led exercise, Ak Shumkar 2025 provided an opportunity for U.S.
As a follow-up to the agreements reached during the visit of Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu to India, a meeting was held on June 26 at Kazakh Invest national company with the leadership of one of India’s leading pharmaceutical companies, MSN Group. During the negotiations, Chairman of the
The World Bank has approved additional financing of $6.36 million to complement the ongoing Learning for the Future Project in Kyrgyzstan. This initiative, originally launched with $50 million in 2020, seeks to enhance school readiness and teacher productivity from pre-school to secondary education in targeted communities. The additional funding will expand the scope of the project to include full-day
Zhanseit Tuimebayev is a distinguished statesman of the Republic of Kazakhstan, an esteemed diplomat, scholar, Doctor of Philological Sciences, professor, and Ambassador Extraordinary and Plenipotentiary. In his role as Chairman of the Board – Rector of Al-Farabi Kazakh National University he has the responsibility of guiding this world-class research university through the challenges of modern
A meeting was held at the Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan between Minister Aziz Abdukhakimov and Haruki Yamasaki, CEO of the Japanese company Le One Co., Ltd. The meeting discussed bilateral cooperation within the framework of a planned pilot project aimed at introducing innovative environmental technologies. Le One Co., Ltd.
Kyrgyzstan’s GDP growth rate is projected to increase to 10.3% in 2025, after 9% a year earlier, according to the Eurasian Development Bank’s (EDB) latest Macroeconomic Outlook for its member states. The increase is driven by rising gold prices, household consumption, and investment demand. According to the EDB, state investment programs, which are mainly financed by international financial institutions, create
As part of his official visit to Mongolia, on June 26 Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu met with the country’s Minister of Roads and Transport, Borkhuu Delgersaikhan. The parties emphasized the importance of deepening Kazakh-Mongolian cooperation in the field of transport and logistics. The close geographical interconnectedness of
The World Bank says it has approved a $150 million concessional credit to support Uzbekistan in implementing a new project aimed at developing its potential in the small hydropower (SHP) sector and strengthening electricity supply across the country. The project will be implemented with private sector participation, involving local small hydropower developers (SHDs) and banks. Uzbekistan’s electricity
To increase access to green and social financing in Kyrgyzstan, IFC, a member of the World Bank Group, has announced a subscription of up to $15 million in the country’s first-ever sustainability bonds, issued in local currency by the Kyrgyz Investment and Credit Bank (KICB). This landmark issuance will enable KICB to offer more local
On June 24 in Astana, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov signed an investment contract with Alexander Blumhardt, Authorized Representative for CIS Countries at Knauf’s Managing Partners. The project involves building a modern plant using local raw materials, with a total investment of 30.5 million US dollars
