News

EBRD to provide up to $150 mln to finance green economy of K...

The European Bank for Reconstruction and Development will provide up to $150 million to financial institutions participating in the Kazakhstan Green E...

Kyrgyzstan prefers to build small and alternative energy facilities

In accordance with the decree signed by President Sadyr Zhaparov, aimed at all-round support for the transition process in Kyrgyzstan to the widespread use of renewable energy sources (RES), a permanent working group headed by Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Bakyt Torobaev has been created. It will deal with the development of renewable energy sources in Kyrgyzstan. A meeting of the group was held in Bishkek with the participation of the heads of companies intending to...

Uzbekistan allocates 6.2 trln soums for food production

The allocation of 200,000 hectares and the introduction of an additional 500,000 hectares of land into circulation helps maintain price stability in the domestic market of Uzbekistan, President Shavkat Mirziyoyev said during a videoconference with regional authorities. To ensure food sufficiency in Uzbekistan, 35 types of food products are exempted from import duties until January 1, 2024. In addition, persons included in the social register will receive a refund of value added tax when purchas...

Gazprom and Kazakhstan discuss issues of cooperation in energy sector

Alexey Miller, Chairman of the Board of the Russian company Gazprom, discussed the implementation of new joint projects in the gas industry with the President of Kazakhstan, Kassym-Jomart Tokayev, in Astana. “President Kassym-Jomart Tokayev discussed with Alexei Miller, Chairman of the Board of Gazprom, priority areas for cooperation in the energy sector. During the meeting, issues of implementing new joint projects in the gas industry were also considered, the press service of the President of...

Daughter of Uzbek President mentioned at UN about problems of Karakalpakstan

Saida Mirziyoyeva spoke on behalf of Uzbekistan at the UN Conference on Water Resources held in the United States, Nova24.uz reports. The Conference discussed issues such as bringing the world together and the opportunity to accelerate progress towards universal access to safe drinking water and sanitation by 2030. In her comment, Mirziyoeva noted that participation in this conference allowed Uzbekistan to share the problems and achievements in the field of water management. Saida Mirziyoyeva...

Uzbekistan sees a steady decline in gas production

Gas production in Uzbekistan has been decreasing for the third month in a row, according to the data of the Statistics Agency on industrial production of Uzbekistan, the Gazeta.uz portal reports. In 2022, gas production in Uzbekistan decreased by 4% - from 53.8 billion to 51.66 billion cubic meters. In December, the volume of production amounted to 4.35 billion cubic meters, in January - 4.31 billion, in February - 3.85 billion. Thus, in January-February 2023, the production of this fuel decr...

GDP of Kyrgyzstan approaches 1 bln soms

At the end of 2022, the GDP of Kyrgyzstan, according to preliminary statistics, amounted to 919.4 billion soms ($10.5 billion), the real growth rate was 107%. We have confidently approached the mark of 1 trillion soms, said Akylbek Zhaparov during a meeting of the Coordinating Council for Macroeconomic and Investment Policy. He noted that, despite forecasts, the growth rate of the national economy showed a positive trend in 2022. Earlier, the World Bank predicted a fall in GDP by 5%, and the I...

Volume of investments in fixed assets increase in Tajikistan

The indicator of capital investment in the Tajik economy as a percentage amounted to more than 4.6% compared to the same period in 2022, Orion.info reports. In Tajikistan, more than 2 billion somoni ($186.1 million in investments in fixed assets) were used in two months of 2023, the Agency on Statistics of Tajikistan reported, the portal writes. This figure includes all funding sources. Thus, the figure increased by 4.6% compared to the same period in 2022. Thus, for the specified period, ind...

Turkmenistan and IAEA discuss issues of expanding cooperation

Deputy Foreign Minister of Turkmenistan Vepa Khadzhiev discussed with the Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi the prospects for expanding cooperation, the Orient.tm portal reports. In particular, during the meeting at the agency's headquarters in Vienna, the parties considered the possibilities of cooperation in the field of healthcare, food security and other areas. The interlocutors stressed the importance of international instruments that ...

Kazakhstan steps up efforts to diversify oil export routes

The first test shipment of oil in the amount of 6,900 tons from the Kazkahstan's supergiant field Kashagan for export for further delivery to the Azerbaijani port of Baku has been successfully completed in the Kazakh port of Aktau on the Caspian Sea, KazTransOil reports. The oil shipper is Tokyo-based INPEX North Caspian Sea Ltd, the report said. According to Hiroshi Ikeda, director of the INPEX North Caspian Sea Ltd branch in Kazakhstan, the test shipment showed the possibility of diversifyin...

Uzbekistan proposes to create single payment system of Central Asian countries

Uzbekistan has proposed a number of initiatives aimed at strengthening economic integration and expanding trade relations between the countries of Central Asia, the UPL.uz portal reports. At a meeting of the Council of the United States-Central Asia Trade and Investment Framework Agreement (TIFA) on March 17, the Minister of Investment, Industry and Foreign Trade of Uzbekistan (MIPT) Laziz Kudratov put forward proposals to unify e-commerce legislation, create a common independent arbitration sy...