On April 6, Special Envoy for South and Central Asia Sergio Gor attended the first meeting in Washington D.C. of the U.S.-Uzbekistan Business Investment Council alongside Uzbekistan’s Head of the Presidential Administration Ms. Saida Mirziyoyeva. Speaking at the meeting, Special Envoy Gor stated, “President Trump understands the importance of Central Asia, and especially Uzbekistan, in
In China’s Fujian province, discussions were held regarding the localization of production and the launch of new Chinese enterprises with investments of up to $1.2 billion in Kazakhstan, according to the Kazakh Ministry of Trade and Integration. This was announced following the visit of Kazakhstan’s Minister of Trade and Integration, Arman Shakkaliyev, to Fujian province.
The “Kazakhstan–India Pharma Business Meeting” business forum, aimed at developing and deepening Kazakh-Indian cooperation in the pharmaceutical industry, was held on March 27 in Almaty. The forum brought together representatives of leading pharmaceutical companies and organizations, including Acies Pharmaceutical Pvt. Ltd., Abaris Healthcare Pvt. Ltd., Akriti Pharmaceuticals Pvt Ltd., and AMTEC Health Care Pvt Ltd.,
Central Asia Capital, a Bishkek-based private equity fund, in partnership with the Russian Export Center, has launched a political risk insurance program for Russian investments in Kyrgyzstan. According to Central Asia Capital, the new program is aimed at safeguarding investments against political risks, including restrictions on fund transfers, currency inconvertibility, expropriation of assets, trade sanctions,
Uzbekistan is a country in Central Asia that has undergone significant economic liberalization since President Shavkat Mirziyoyev took office in 2016. It is a doubly landlocked and a lower-middle-income country. The government’s “Uzbekistan 2030” strategy aims to achieve upper-middle income status by the end of the decade through private-sector development, foreign investment, diversification beyond commodities,
The European Bank for Reconstruction and Development (EBRD) says it is providing a loan of up to €25 million to support the investment program and working capital needs of RG Brands Group, Central Asia’s leading beverage producer incorporated in Kazakhstan. The loan will help RG Brands to expand its operations in Kazakhstan and Kyrgyzstan, and
On March 13, a roundtable meeting chaired by the Minister of Investment, Industry and Trade of Uzbekistan, Laziz Kudratov, was held with more than 20 representatives of the Turkish business community in the country. According to the Ministry of Investment, Industry and Trade, the main purpose of the meeting was to discuss issues arising in
The Bishkek-based International Business Council (IBC), one of the largest business associations in Kyrgyzstan, has prepared an analytical note analyzing key institutional factors affecting the business environment and investment attraction in the country. According to the report, while Kyrgyzstan’s GDP increased by 11.1% in 2025 compared to the previous year, the quality of the institutional
This year Uzbekistan plans to attract at least $1 billion in investment into the pharmaceutical industry and increase the share of domestically produced medicines in the domestic market to 70 percent by 2030 through the launch of new production capacities jointly with foreign companies, as well as increase pharmaceutical exports to $1 billion within the
Asian Development Bank (ADB) President Masato Kanda on March 4 met with Tajikistan President Emomali Rahmon to reaffirm ADB’s commitment to help the government achieve resilient, diversified, and inclusive growth for more and better jobs. “ADB is planning around $1.1 billion in support over 2026–2028 to strengthen infrastructure, improve competitiveness, and make social services better
The Islamic Development Bank (IsDB) and Kazakhstan have signed two landmark agreements under the Development of Economic and Industrial Zones Project, with a total IsDB contribution of $1.307 billion. The signing followed discussions between IsDB President Dr. Muhammad Al Jasser and Kazakh Minister of Industry and Construction Yersayin Nagaspayev, reaffirming a strategic partnership with cumulative
Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi recently visited founding AIIB members Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan, conveying her intent to ensure AIIB’s future direction remains grounded in country needs and strong partnerships. These visits, part of a “listening tour” Zou is undertaking since she took office in January, highlighted Central Asia’s position as
Asian Development Bank (ADB) President Masato Kanda on March 2 met with President of Kazakhstan Kassym-Jomart Tokayev to reaffirm ADB’s strong partnership with the country and announced up to $5.4 billion in indicative financing during 2026–2029 in support of Kazakhstan’s development agenda. “ADB is committed to supporting Kazakhstan’s development priorities that promote sustainable, inclusive economic
From June 16 to 19, 2026, Tashkent will host the 5th Anniversary Tashkent International Investment Forum (TIIF 2026), the leading investment platform in Central Asia bringing together global investors, government representatives, international financial institutions, and major business leaders, the Uzbek Ministry of Investment, Industry and Trade has announced. The anniversary forum will build upon the
Based on recent economic consensus from institutions like the International Monetary Fund (IMF), the European Central Bank (ECB), and the World Economic Forum (WEF) as of early 2026, globalization is not entirely “over,” but it is undergoing a profound structural shift. Economists generally agree that the era of hyperglobalization has stagnated—a trend accelerated by the
The European Bank for Reconstruction and Development (EBRD) says it is helping to create favourable conditions for the growth and development of domestic pharmaceutical production in Uzbekistan by supporting the operations of its long-term client, Samarkand England Eco-Medical (SEEM). The Bank is providing a loan of up to €20 million to SEEM and its sister-company, Bayan
On February 25 in London, Minister of Foreign Affairs of Kazakhstan Yermek Kosherbayev took part in a roundtable meeting with representatives of the British business community. The British side was represented by Acting Minister of State for Business and Trade and Co-Chair of the UK side of the Kazakhstan-UK Intergovernmental Commission on Trade, Economic, Scientific, Technical
Chairman of Kyrgyzstan’s Cabinet of Ministers Adylbek Kasymaliev on February 20 attended the capsule-laying ceremony marking the launch of construction of the Tamchy Special Financial Investment Territory, a special legal and regulatory jurisdiction located on the northern shore of Lake Issyk-Kul. Kasymaliev emphasized that the Tamchy zone is intended to become an international financial center,
On February 20, President Shavkat Mirziyoyev chaired a meeting to define priority tasks for the socio-economic development of the Republic of Karakalpakstan. It was noted that due to its vast territory and mineral reserves, Karakalpakstan has considerable economic and investment potential. Tangible changes have taken place in Karakalpakstan’s economy in recent years. Eight years ago, the
In 2025, Uzbekistan’s gross domestic product (GDP) grew by 7.7 percent and exceeded 147 billion dollars. More than half of the economic growth was accounted for by the services sector. In agriculture, the average income per hectare increased from 4,500 to 5,000 dollars, while labor productivity grew by 4.7 percent. This was announced at a