On August 5, the French transport and logistics airline CMA CGM Air Cargo made its first flight on the Zhengzhou (China)-Navoi (Uzbekistan)-Paris (France) route. The French aircraft landed in Navoi at 06:27 local time. According to tradition, the cargo aircraft was greeted with a water arch, the Uzbekistan Airports Joint Stock Company reported. It is
President of Congo Denis Sassou Nguesso on August 2 visited Kazakhstan and held talks with Kazakh President Kassym-Jomart Tokayev. Noting the growing role of African countries in international politics and the global economy, Tokayev said that the development of cooperation with African countries is one of the key areas of Kazakhstan’s foreign policy. “Today, negotiations
More Japanese companies have shown interest in working with Kazakhstan in the energy sector, transport, infrastructure, and digitalization of the logistics process, Japan’s Ambassador to Kazakhstan Jun Yamada announced during a meeting with Kazakhstan’s Deputy Minister of Foreign Affairs Alibek Kuantyrov on August 2 in Astana, the Kazakh Foreign Ministry reported. Emphasizing that Kazakhstan is
The “Central Asia plus Japan” Dialogue Summit will be held in Astana, Kazakhstan on August 9 and 10. The event marks the 20th anniversary of the “Central Asia plus Japan” Dialogue, which was launched in 2004 at Japan’s initiative to foster cooperation between Japan and five Central Asian countries. Japan’s Prime Minister Fumio Kishida is
On July 30 in Tehran, the President of Tajikistan Emomali Rahmon attended the inauguration ceremony of the newly elected President of the Islamic Republic of Iran, Masoud Pezeshkian. During their meeting, President Rahmon invited Masoud Pezeshkian to visit Tajikistan. Rahmon expressed confidence that Tajikistan and Iran will continue to develop mutually beneficial cooperation on the
The World Bank’s Board of Executive Directors on July 31 approved $27 million for the National Community Initiatives Project (NCIP) for the Kyrgyz Republic. The project aims to improve access to socio-economic infrastructure and increase economic opportunities at the local level, with a focus on women and youth. “The National Community Initiatives Project builds on more
According to Kyrgyzstan’s National Statistical Committee, in 2023 trade turnover between Kyrgyzstan and China amounted to $5.433 billion, including Kyrgyzstan’s exports at $80.5 million and imports at $5.353 billion. In January-May 2024, bilateral trade amounted to $2.712 billion, including Kyrgyz exports at $38.8 million and imports at $2.673 billion. Chinese statistics on trade with Kyrgyzstan
The European Bank for Reconstruction and Development (EBRD) says it is promoting greater use of green technologies and creating growth opportunities for small firms in Kazakhstan by providing a financial package of US$ 60 million (€55.3 million) to the country’s major private lender, Bank CenterCredit (BCC). The package consists of a loan in Kazakhstan tenge equivalent to US$ 30
The Ambassador of Kazakhstan to Thailand, Arman Issetov, on July 24 met at the Thai Government Office with the Deputy Prime Minister and Minister of Commerce, Phumtham Wechayachai to discuss the implementation of the agreements reached during the recent visit of the Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan, Murat Nurtleu, to
The Asian Development Bank (ADB) said it has approved a $50 million policy-based grant to help the Government of Tajikistan foster a climate-responsive business environment and support small and medium-sized enterprises (SMEs) in the country. The Enabling Climate-Responsive Business Environment Improvement Program aims to transform Tajikistan’s business environment, including through digitalization, reforms to increase exports, improving infrastructure
Construction of the Surenata mining plant was launched last week in Parkent district of Uzbekistan’s Tashkent region, the Uzbek Ministry of Mining Industry and Geology reported. When completed, the new plant will produce 2.4 million tons of ore and one million tons of iron ore concentrate per year. China’s Limaomaoli Metal Company is expected to
At a government meeting last week, Uzbekistan President Shavkat Mirziyoyev reviewed the country’s economic results in the first half of this year. In the first half of 2024, Uzbekistan’s gross domestic product increased by 6.4 percent. Industry grew by 7.8%, construction by 10.1%, services by 12.9%, and agriculture by 3.8%. State budget revenues increased by
Tajikistan’s economy has shown remarkable growth in recent years, with an impressive expansion of 8.3% in 2023 and 8.2% in early 2024, according to the World Bank’s latest Tajikistan Economic Update released on July 16. According to the report, the growth was driven by increased revenues from gold exports and substantial public infrastructure spending. Robust worker remittances
The government of Kazakhstan said on July 16 that it had settled a longtime legal battle with Moldovan businessman Anatol Stati over energy-related assets, RFE/RL’s Kazakh Service reported. “The parties are pleased to have reached an agreement on favorable terms, which will bring an end to all legal proceedings and the suspension of any ongoing claims across
A Memorandum of Understanding for the Development of Islamic Finance in Central Asia was signed between the Eurasian Development Bank (EDB) and the Islamic Development Bank Institute (IsDBI) on June 27 in Almaty, Kazakhstan, as part of the Eurasian Development Bank’s Annual Meeting and Business Forum. The document was signed by Nikolai Podguzov, Chairman of the EDB
Late in June, the largest delegation in the U.S.-Tajikistan Business Council’s history visited Tajikistan. During the two-day mission, over thirty representatives of U.S. medical, financial, mining equipment, franchising services, and digitalization firms met with leading Tajik businesses and government officials to identify opportunities, create partnerships, and increase trade and investment between the United States and
Chairman of the Management Board of Kazakh Invest national company, Yerzhan Yelekeyev on July 15 held a meeting with representatives of the Chinese corporation WEIGAO, during which the parties discussed the possibility of localizing the production of medical equipment in Kazakhstan. Zhang Yong, General Director of WEIGAO, told Kazakhstani representatives about the corporation’s work in the production of
The Central Securities Depository (CSD) of Kazakhstan said on July 11 that it had ordered brokers and management companies to divest Russian securities from their holdings by August 1, Current Time reported. The CSD’s press service said the move was necessary to adhere to U.S. sanctions imposed on the Moscow Stock Exchange (MSE) and its structures. In
During a visit to the Russian Federation on July 8, Laziz Kudratov, Minister of Investment, Industry and Trade of Uzbekistan, participated in the first meeting of the Working Group on increasing trade turnover between Uzbekistan and Russia. Kudratov emphasized the exemplary nature of the development of Uzbek-Russian relations, achieved thanks to the firm political will
The Ambassador of the Kyrgyz Republic to Japan Mr. Erkinbek Osoev on July 4 in Tokyo took part in the second meeting of a business dialogue “Central Asia and Japan”. The event was attended by Ambassadors of the Central Asian countries in Japan, President of the Japanese Association for Trade with Russia and the New Independent States
