President of Uzbekistan Shavkat Mirziyoyev has signed a law on Uzbekistan’s accession to the Agreement Establishing the Eurasian Development Bank (EDB). Uzbekistan has become the seventh member of the Bank and its third largest shareholder with a 10% equity stake. The EDB’s other members are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. “We welcome Uzbekistan’s
Economic growth in Kyrgyzstan is projected to moderate but remain robust at 8.5% in 2025 and 8.6% in 2026, according to the Asian Development Outlook (ADO) April 2025 report, the Asian Development Bank’s (ADB) flagship economic publication. “This growth forecast reflects strong private consumption, steady gains in remittances, and ongoing government investment projects,” said ADB Country Director
At the inaugural EU-Central Asia Summit in Samarkand, Uzbekistan last week, European Investment Bank (EIB) Vice-President Kyriacos Kakouris signed four memorandums of understanding with partners in Kyrgyzstan, Tajikistan and Uzbekistan. With these agreements, the EIB will provide €365 million, unlocking up to €1 billion of investment in sustainable transport, water management, and climate resilience projects, the EIB
Production of John Deere agricultural machinery and equipment has been officially launched at the Localization Center of the AGROMASH plant in the northern Kazakh city of Kostanay. John Deere is a world leader in the production of agricultural machinery, and the beginning of its manufacturing in Kazakhstan, the largest agricultural producer in Central Asia,
On April 4, the first-ever Central Asia-European Union Summit was held in Samarkand, chaired by the President of Uzbekistan Shavkat Mirziyoyev. The EU was represented by the President of the European Council António Costa and the President of the European Commission Ursula von der Leyen. Together with President Mirziyoyev, Central Asian countries were represented by
The European Bank for Reconstruction and Development (EBRD) has welcomed plans by a series of new investors to inject up to $110 million into Uzbekistan’s leading food retailer, Korzinka. In one of the largest private investments in the country in recent years, Abu Dhabi Uzbek Investment, and a consortium of Omani Sovereign investment funds, led
The Ministry of Ecology and Natural Resources of Kazakhstan, in collaboration with Zhasyl Damu JSC, and with the support of the World Bank, has launched the Partnership for Market Implementation Project aimed at advancing Kazakhstan’s carbon market and supporting the country’ transition to green and resilient growth, the World Bank reported. Kazakhstan has been a
In 2024, Bishkek municipal services shot 14,378 stray dogs in the Kyrgyz capital, raising criticism from animal rights activists who consider shootings an inhumane and ineffective way of solving the problem of stray animals. However, the Bishkek municipality insists that the city has no money for alternative solutions. According to the Bishkek municipality’s program for
Central Asia and the European Union are linked by deep historical roots, coinciding interests, and a common desire for close partnership, Uzbekistan President Shavkat Mirziyoyev said in an exclusive interview to Euronews on the eve of the first Central Asia-European Union summit in Samarkand on April 3-4. According to Mirziyoyev, the Central Asia-European Union format of cooperation
On April 1, the President of Tajikistan, Emomali Rahmon attended a ceremony to lay the foundation stone for the construction of an iron ore enrichment plant of CJSC Tajik Metallurgical Plant in Bobojon Ghafurov district, the first ore enrichment plant in Tajikistan since independence. The plant will be built with domestic and foreign capital and
The President of Slovenia, Nataša Pirc Musar, paid an official visit to Kazakhstan from March 31 to April 1. Following her negotiations with Kazakhstan President Kassym-Jomart Tokayev, the two leaders adopted a joint statement reaffirming their strong commitment to further strengthening and diversifying partnership between Kazakhstan and Slovenia. The two presidents agreed to broaden cooperation in
A delegation from Uzbekistan, led by Minister of Investment, Industry, and Trade Laziz Kudratov, participated in the first meeting of the Joint Economic Committee, the “Uzbekistan Investment Potential Days” event with British business representatives, and several high-level meetings with executives of leading UK companies in London, the Uzbek government portal reported. During the Committee meeting,
As part of the AlmatyFair.ai exhibition, a signing ceremony was held on March 28 for an investment agreement between the Government of Kazakhstan and Singapore-based GK Hyperscale Ltd for the construction and operation of two hyperscale data centers. The agreement was signed by Kazakhstan’s Minister of Digital Development, Innovations, and Aerospace Industry, Zhaslan Madiyev, and
On March 29, the Ministry of Investment, Industry and Trade of Uzbekistan held a briefing on the upcoming Tashkent International Investment Forum, one of the most significant international events in the country’s economic landscape. Minister of Investment, Industry and Trade Laziz Kudratov announced that the IV Tashkent International Investment Forum will take place from June
Kyrgyzstan has taken a significant step toward integrating human rights principles into its economic policies. At a high-level meeting on March 28 hosted by the Ministry of Economy and Commerce, government officials, business leaders, civil society representatives, and international partners came together to review progress on the Business and Human Rights Project, supported by the
The following article by Roger Holland, Founder & Managing Partner of a leading property advisory firm, published in the latest issue of OCA Magazine, provides an insight on Central Asia’s growing real estate market: For many, the housing and wider real estate markets have had a miserable year. Interest costs have increased alongside inflation of
According to the World Bank’s representative office in Uzbekistan, Tashkent recently hosted a presentation of the World Bank’s new report analyzing current migration trends, challenges, and opportunities in the Europe and Central Asia region. The report highlights that labor migration remains one of the key sources of income for millions of citizens in Central Asian
The European Union and the five Central Asian countries reaffirmed their strong political commitment to strengthening engagement and deepening cooperation during the 20th EU-Central Asia Ministerial meeting, chaired by the EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, on March 27 in Ashgabat. The Foreign Ministers of Tajikistan, Turkmenistan, and Uzbekistan, as well as Deputy
The Afghan Ministry of Mines and Petroleum says that the largest investments in Afghanistan’s mining sector have been made by companies from Uzbekistan, China, Turkey, and Iran, TOLOnews reported. Hayatullah Afghan, spokesperson for the Ministry of Mines and Petroleum, stated that the total value of these investments is estimated at $8 billion. These companies have
The U.S. Embassy in Tashkent has announced the establishment of Honeywell Industrial Automation LLC, a new legal entity that marks a significant milestone in the United States’ commitment to mutually beneficial commercial ties with Uzbekistan. This expansion underscores the United States’ position as a business partner of choice and highlights American excellence in advanced industrial
