The Asian Development Bank (ADB) on 19 September said it has approved $109.5 million in financing to enhance the national road around the Issyk-Kul Lake, one of the most popular tourist destinations in the Kyrgyz Republic and a strategic location that connects to neighboring Central Asian countries. The Issyk-Kul Ring Road Improvement Project will construct
Kazakhstan President Kassym-Jomart Tokayev has signed a law providing for the creation of a trade and logistics complex on the border with Kyrgyzstan, Tengrinews.kz reports. Tokayev signed the law “On ratification of the agreement between the Government of the Republic of Kazakhstan and the Cabinet of Ministers of the Kyrgyz Republic on the creation and
U.S. Ambassador to Uzbekistan Jonathan Henick and First Deputy Minister of Geology of Uzbekistan, Omonullo Nasritdinkhodjaev on September 16 signed a Memorandum of Understanding (MOU) to strengthen cooperation between the United States and Uzbekistan on critical minerals. The signing ceremony took place on the eve of the Government of Uzbekistan’s participation in MINExpo INTERNATIONAL, the mining
The 2nd summit of Central Asian countries and Germany was held on September 17 in Kazakhstan’s capital, Astana. Chaired by Kazakhstan President Kassym-Jomart Tokayev, the meeting was attended by Federal Chancellor of Germany Olaf Scholz, President of Kyrgyzstan Sadyr Japarov, President of Tajikistan Emomali Rahmon, President of Turkmenistan Serdar Berdimuhamedov, and President of Uzbekistan Shavkat
On September 16 in Astana, Kazakh President Kassym-Jomart Tokayev held talks with Germany’s Chancellor Olaf Scholz, who arrived in Kazakhstan on an official visit. Tokayev emphasized that Germany is one of the main trading partners of Kazakhstan and a leading investor in its economy. “Last year, bilateral trade turnover increased almost 1.5-fold and reached almost
In the first five months of the current solar year (which begins on March 21), Afghanistan has conducted trade worth nearly $700 million with Central Asian countries, TOLOnews reported with reference to the Afghan Ministry of Industry and Commerce. Akhundzada Abdul Salam Jawad, spokesperson for the ministry, said that trade between Afghanistan and Central Asian
German Chancellor Olaf Scholz arrived in the Uzbek city of Samarkand on September 15 and met with Uzbek President Shavkat Mirziyoyev. Following the talks, the Uzbek and German governments signed a migration agreement that would allow skilled workers from Uzbekistan to travel to Germany, with a focus on the health-care sector, RFE/RL reported. It is also
The Eurasian Development Bank (EDB) participated in the 6th Kyrgyz-Russian Economic Forum, held on 11–12 September in the Issyk-Kul region of Kyrgyzstan. At the forum, the EDB and the Russian-Kyrgyz Development Fund (RKDF) signed an agreement on investment projects and a memorandum on establishing a waste management system under a public-private partnership involving the EDB,
The Kara-Suu checkpoint was re-opened at the border between Kyrgyzstan and Uzbekistan on September 12, after being closed for 14 years. The checkpoint is located near the city of Kara-Suu in Kyrgyzstan’s Osh region, on the border with Uzbekistan’s Andijan region. Speaking at the opening ceremony, Kyrgyzstan’s Deputy Chairman of the Cabinet of Ministers, Bakyt
The International Finance Corporation (IFC), a member of the World Bank Group, says it is deepening its support for micro and small enterprises (MSEs) in Kazakhstan, with a particular focus on women entrepreneurs and rural agribusinesses, by investing up to $50 million in KazMicroFinance (KMF), one of the country’s leading microfinance institutions. KMF operates 18
On September 10, the Government of Kazakhstan approved a draft of the National Action Plan for the implementation of the President’s Address to the people of Kazakhstan, “Fair Kazakhstan: law and order, economic growth, social optimism,” delivered on September 2, the Government’s press service reported. The plan consists of 76 measures aimed at improving the
At the award ceremony of the World Smart City Expo (WSCE) held last week in Goyang, Republic of Korea, the Turkmen city of Arkadag received three awards: the Smart City Excellence Award, the Foreign Smart City Award, and the WSCE 2024 Contribution Award, the State News Agency of Turkmenistan reported. Built from scratch 30 km
Maersk (Denmark), one of the world’s largest container shipping operators, has published shipping tariff rates for its rail-sea service along the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, Logistan reports. The Maersk service along the TITR, an international multimodal transport corridor with the length of 11,000 km, runs from China to
A new checkpoint, Bedel, opened on the Kyrgyz-Chinese border on September 3. The new crossing is located at a mountain pass in a remote southeastern corner of Kyrgyzstan, situated roughly equidistantly from the Kyrgyz city of Karakol at Lake Issyk-Kul and Aksu Prefecture of China’s Xinjiang Uyghur Autonomous Region. The Bedel checkpoint was opened under
The Junda oil refinery has re-opened in the city of Kara-Balta, about 100 km west of Bishkek. Zhongda China Petrol Company’s Junda oil refinery resumed operation after a four-year shutdown from February 2020 to March 2024. Late in March this year, the refinery completed a major overhaul and now plans to reach its full annual
A plant for the assembly of China’s SHACMAN heavy trucks and special-purpose vehicles (concrete mixers) has opened in Kyrgyzstan’s capital, Bishkek. At the opening ceremony on August 30, the First Deputy Mayor of Bishkek Mirlanbek Baigonchokov said that the construction of the plant was an important contribution to the development of Kyrgyzstan’s automobile industry. An
On September 2, President Kassym-Jomart Tokayev delivered his annual state-of-the-nation address titled “Just Kazakhstan: Law and Order, Economic Growth, Public Optimism.” In his speech, President Tokayev outlined the key goals for the nation’s development, focusing on sustainable socio-economic progress. With a focus on new tasks and priorities, the President emphasized the need to address imbalances between monetary
On August 30, a meeting was held in Ashgabat between the Turkmen and Afghan delegations. The Afghan delegation was headed by Acting Minister of Mines and Petroleum of Afghanistan Hidayatullah Badri. The Turkmen delegation included the country’s Deputy Chairmen of the Cabinet of Ministers. The delegations discussed partnership in key economic sectors. Turkmenistan reiterated its
The 15th meeting of the Kazakh-German Business Council for Strategic Cooperation was held in Berlin on August 28. First Deputy Prime Minister of Kazakhstan Roman Sklyar and Director of the Eastern Committee of the German Economy Michael Harms co-chaired the meeting, and Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov also spoke on the
On 28 August, the National Leader and Chairman of the Halk Maslahaty (People’s Council) of Turkmenistan, Gurbanguly Berdimuhamedov visited Iran. He met with Iranian President Masoud Pezeshkian and conveyed an invitation from Turkmen President Serdar Berdimuhamedov to pay an official visit to Turkmenistan. During the talks, the two leaders discussed the current state and prospects
