On June 8, the Minister of Investment, Industry, and Trade of Uzbekistan, Laziz Kudratov, met with the US Assistant Secretary of Commerce, David Fogel. The parties discussed the current status and future prospects for expanding bilateral trade, economic, investment, and industrial cooperation. It was emphasized that the United States remains a key partner for Uzbekistan, with
The European Bank for Reconstruction and Development (EBRD) and the government of Kazakhstan are extending their long-term strategic partnership that will help to boost investment and drive forward reforms in the country, the EBRD said. The enhanced partnership framework arrangement (EPFA) between the EBRD and Central Asia’s largest economy was signed at the Bank’s 35th Annual
Central Asia and Mongolia will remain resilient to geopolitical shocks and record the highest growth rates of the EBRD countries of operation in 2026 and 2027, according to the latest Regional Economic Prospects report published by the European Bank for Reconstruction and Development (EBRD). The economies of Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan are projected to grow by 5.6 per cent
On June 2 in Astana, Deputy Prime Minister – Minister of National Economy of Kazakhstan Serik Zhumangarin held a meeting with representatives of the business circles of Hong Kong and mainland China. The event was attended by about 70 business representatives, including 40 companies from Hong Kong and 30 companies from mainland China operating in
EuroChem, a leading Russian and global fertilizer producer headquartered in Switzerland, has launched a new sulfuric acid plant in the Zhambyl region of Kazakhstan with a production capacity of 800,000 tons per year. The new facility is part of EuroChem’s broader investment project in Kazakhstan. The Phase I included the launch of a phosphate ore
The Third Uzbekistan–China Interregional Forum is being held on May 21 and 22, in China’s Xi’an. Under the theme “Shared Modernization through High-Quality Development,” the forum has brought together nearly 2,000 participants, including representatives from ministries and agencies, regional administrations, academic circles, business associations, leading companies, and entrepreneurs from both nations, according to the Uzbek
The Eurasian Development Bank (EDB) has officially opened its representative office in Uzbekistan. The opening of the representative office in Tashkent was a logical step following Uzbekistan’s accession to the EDB in 2025. The Bank is now commencing full‑scale investment operations in the country. Nikolai Podguzov, Chairman of the EDB Management Board, stated: “In the
Of course, the transition of the Former Soviet Republics from Communism to Market Economy witnessed a dramatic fall in infrastructure spending. Consequently, different republics progressed at different speeds, though with an increasing realization that such spending is necessary to develop their economies. Ironically, it is their western counterparts who are arguably underinvesting in their own
On May 14, Kazakhstan President Kassym-Jomart Tokayev and Turkish President Recep Tayyip Erdoğan, who arrived in Kazakhstan on a state visit, attended the Kazakh-Turkish Business Forum. Opening the event, Tokayev emphasized that Kazakhstan provides comprehensive support to Turkish companies. “Today, approximately 3,800 enterprises with Turkish capital are successfully operating in our country. Thousands of jobs
On May 11 in Beijing, during his state visit to China, the President of Tajikistan Emomali Rahmon held a meeting with the heads and representatives of Chinese companies. Rahmon presented Tajikistan’s favorable economic climate and extensive opportunities, and called on Chinese companies to actively cooperate and participate in the country’s dynamically developing economy. Following the
The Governor of Uzbekistan’s Fergana region, Khayrullo Bozorov, met with Stanislav Kushnir, the founder of the U.S. company Sayat LLC., to discuss the implementation of an investment project in the Fergana region aimed at generating alternative thermal energy through the disposal of medical waste. Sayat LLC specializes in the construction of plants that produce alternative
The Eurasian Development Bank (EDB) has joined the Foreign Investors Council (FIC) under the President of Uzbekistan as a full member. The FIC is an advisory body under the President of Uzbekistan, established to attract foreign direct investment and improve the investment climate. Its members include leading international financial institutions and major foreign companies operating
The European Bank for Reconstruction and Development (EBRD) says it is continuing to support the exploration, development, production and processing of critical raw materials (CRM) in Kazakhstan by making a follow-on equity investment of AUD 1.4 million in Sarytogan Graphite Limited, an Australian Securities Exchange-listed company developing one of the world’s largest known high-grade graphite deposits.
During the ADB Annual Meeting in Samarkand on May 6, the Ministry of Investment, Industry, and Trade of Uzbekistan and the Export-Import Bank of Korea (KEXIM) signed a Memorandum of Strategic Cooperation. The ceremony was attended by Deputy Prime Minister Jamshid Khodjaev and Deputy Minister of Investment, Industry, and Trade Shokhrukh Gulamov on behalf of
Kazakhstan held its first-ever investment roundtable on the SelectUSA Investment Summit platform in Washington on May 3, marking a significant milestone in strengthening economic ties with the United States, according to QazTrade Trade Policy Development Center JSC. The event, titled “Strategic Sectors and U.S. Market Entry Opportunities,” brought together more than 80 participants, including
Today, Uzbekistan’s economy is undergoing an entirely new phase of development. Since 2016, the country has embarked on major reforms to liberalize the economy, create an attractive investment environment, participate proactively in global value chains, renew the social and production infrastructure, and improve living standards, Uzbekistan President Shavkat Mirziyoyev said in his address at the
Negotiations were held on April 30 in Tashkent between the President of Uzbekistan Shavkat Mirziyoyev and the Prime Minister of the Czech Republic Andrej Babiš, who was on an official visit to Uzbekistan. Mirziyoyev emphasized that the current visit would be a breakthrough and would open a qualitatively new stage in the history of multifaceted Uzbek–Czech
On April 24, President Shavkat Mirziyoyev chaired a meeting to review economic results across regions and sectors in the first quarter, as well as to set priority tasks until the end of the year. The macroeconomic results achieved in the first quarter were reviewed. In particular, gross domestic product grew by 8.7 percent, while industry
The Eurasian Development Bank (EDB) and the Uzbek-Oman Investment Company (UzOman) have signed a Memorandum of Understanding. The parties will focus on developing investment projects in Uzbekistan, including in the transport and logistics infrastructure sector. The document was signed by Alexey Skatin, Senior Managing Director of the EDB, and Omar Bahram, CEO of UzOman. “The
The Eurasian Development Bank (EDB) sees the Central Asian warehouse infrastructure as the “opportunity of the decade” and intends to significantly increase investments in this segment, Alexey Rogachevsky, EDB Director for Uzbekistan, said at the Central Asia Warehouse Summit (CAWS 2026) on April 16 in Tashkent. Speaking at the Warehouses and Finance session, he presented