On June 12 in Astana, the European Commission and Kazakhstan launched the Coordination Platform of the Trans-Caspian Transport Corridor, also known as the Trans-Caspian International Transport Route (TITR). According to Kazakhstan’s Ministry of Transport, the Coordination Platform will improve the safety and sustainability of the Trans-Caspian Transport Corridor and will turn the corridor into a
Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, met with Seung-Chan Jung, the Managing Director of Samsung C&T Corporation in Turkey and Central and Eastern Europe. During the meeting, the parties discussed the company’s plans for cooperation in construction and modernization of energy facilities in Kazakhstan and in renewable energy
Marat Karabayev, Kazakhstan’s minister of transport, believes that as a bridge between the East and the West, Kazakhstan will continue to play its part in facilitating regional and global trade. In his article published in the Chinese publication, South China Morning Post, Karabayev says that trade between Asia and Europe has faced challenges as a result
On June 10, a meeting of the National Development Council was held under the chairmanship of the President of Tajikistan Emomali Rahmon. The meeting evaluated the interim implementation of the National Development Strategy of Tajikistan for the period until 2030, identified further development priorities, and attracted the attention of development partners to increasing funds for
The President of Uzbekistan Shavkat Mirziyoyev and the President of Türkiye Recep Tayyip Erdoğan held talks on June 6 in Ankara. The talks focused on the issues of further expansion of Uzbek-Turkish relations of comprehensive strategic partnership, and deepening of multifaceted cooperation, primarily in the political, trade, economic, cultural and humanitarian spheres. On the eve
An intergovernmental agreement on the China-Kyrgyzstan-Uzbekistan railway project was signed on June 6 in Beijing. The China-Kyrgyzstan-Uzbekistan railway is a strategic infrastructure project that will connect China, Kyrgyzstan, and Uzbekistan, and create a new land transport corridor between Central and East Asia. Chinese President Xi Jinping, Kyrgyz President Sadyr Japarov and Uzbek President Shavkat Mirziyoyev
The United Nations Development Programme (UNDP) in Kyrgyzstan, in collaboration with the JIA Business Association, is launching a mentoring programme for women entrepreneurs and youth. The programme is part of the UNDP project “Aid for Trade in Central Asia”, funded by the government of Finland, and aimed at supporting the development of value chains of natural honey,
On June 3 in Astana, Chairman of the Board of the national company Kazakh Invest Yerzhan Yelekeyev held a meeting with executives of Singaporean companies. The delegation visited Kazakhstan following the results of the forum held in Singapore with the participation of Kazakhstan’s president in May. During the meeting, the parties discussed prospects for further investment cooperation
On June 3, Prime Minister of Kazakhstan Olzhas Bektenov and Chairman of the Board of Directors of China Nonferrous Metal Mining Co. Ltd. Xi Zhengping discussed cooperation in the copper industry. The result of the meeting was the signing of an agreement on the construction of a smelter with a capacity of 300 thousand tons
On May 30 in Rome, Minister of Foreign Affairs of Kazakhstan Murat Nurtleu held a series of meetings with the heads of major Italian companies interested in the development of investment, trade and economic cooperation with Kazakhstan. At the meeting with Stefan Pontecorvo, President of the transnational company Leonardo, the parties addressed the possibilities of
On May 28, Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov held a roundtable meeting with about 30 leading Italian companies in Rome to discuss joint projects in energy, textile, transport, IT, engineering, and other areas. The Uzbek minister underscored the enormous potential of economic and investment cooperation between Uzbekistan and Italy. Speaking at the
A webinar was held last week by the British company FrontierView on the topic “Kazakhstan’s potential: macroeconomic and investment prospects for 2024”. Ambassador of Kazakhstan to the UK, Magzhan Ilyassov and Project Manager of the Task Force Department of National Company Kazakh Invest, Dinara Isabekova attended the event. The webinar was held with more than 40 representatives of the British
The World Bank’s Board of Executive Directors on May 24 approved a $100 million concessional loan for Uzbekistan to implement the Innovative Social Protection System for Inclusion of Vulnerable People (INSON) Project. The project aims to improve access to and quality of social services for vulnerable people in Uzbekistan. The project is also co-financed by a
On May 23, Kazakhstan President Kassym-Jomart Tokayev arrived in Singapore on a state visit. During his meeting with Singaporean President Tharman Shanmugaratnam, Tokayev described Singapore as a time-tested and reliable partner of Astana. Currently, over 140 Singaporean companies and joint ventures operate in Kazakhstan, with total Singaporean investments in the Kazakh economy exceeding $1.7 billion.
The Eurasian Development Bank (EDB), the Financial Credit Fund under the Ministry of Finance of the Kyrgyz Republic (FCF), the Russian-Kyrgyz Development Fund (RKDF) and the Kyrgyz Stock Exchange (KSE) have signed a letter of intent to implement a technical assistance project aimed at modernising the stock exchange in Kyrgyzstan. The modernisation project aims to
The European Bank for Reconstruction and Development (EBRD) says it is supporting inclusive lending in Kazakhstan by providing new funds to the country’s leading microfinancier, KMF. KMF has been an EBRD client for almost two decades. The financial package of up to US$ 25 million (€ 23.2 million) will be disbursed in local currency, the Kazakh tenge (KZT)
On May 16 in Astana, Kazakhstan President Kassym-Jomart Tokayev met with secretaries of the Security Councils of the five Central Asian countries. The Kazakh president noted that the meeting was an important stage in the preparation for the Sixth Consultative Meeting of the Heads of State of Central Asia, which will be held in Astana
The European Bank for Reconstruction and Development (EBRD) on May 15 said it is pledging new funds to support inclusive lending to the smallest customers in remote areas of Tajikistan. The Bank is providing a financial package of US$ 4 million (€3.7 million) to one of the country’s leading microlenders, MDO HUMO. HUMO, the winner of
According to the latest Regional Economic Prospects (REP) report published by the European Bank for Reconstruction and Development (EBRD), Central Asian economies in 2024 are expected to see growth slowing to 5.4 percent. However, a rebound to 5.9 percent is expected in 2025. The report notes that intermediated trade with Russia, which had been a significant growth
The International Finance Corporation (IFC), a member of the World Bank Group, has announced it will invest up to $5 million in Sturgeon Emerging Opportunities II, a new venture capital fund managed by Sturgeon Capital, a major venture capital investor. The money will help promote digital economies and support the growth of early-stage tech startups
