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EU ready to respond to Astana's request for visa facili...

Vice Prime Minister, Foreign Affairs of Kazakhstan Murat Nurtleu held talks in Brussels with European Commissioner for Home Affairs Ylva Johansson and...

Kazakhstan remains most attractive country in Central Asia for investment

The main indicator of Kazakhstan's attractiveness is the inflow of foreign direct investment (FDI). This was announced at the 46th meeting of the Association of Financial Institutions for Development of the Asia-Pacific Region (ADFIAP) in Astana, the Zakon.kz portal reports. According to the Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, Ardak Zebeshev, over the years of independence, Kazakhstan has attracted more than $410 billion. In 2022, gross FDI inf...

EU and France to take care on ecology of Uzbekistan

In Samarkand, representatives of the European Union, the French Development Agency and the government of Uzbekistan signed an agreement on financing and supporting Uzbekistan in the transition to a green economy, the Nova24.uz portal reports. The signing ceremony was attended by Deputy Director General for International Partnership of the European Commission Miriam Ferrand, Director General of the French Agency Remy Riou, Deputy Minister of Economy and Finance of Uzbekistan Ilkhom Norkulov. Th...

Rehabilitation of uranium tailings started in Kyrgyzstan - EBRD

The process of rehabilitation of tailings begun at one of the former uranium facilities in Kyrgyzstan, the press service of the European Bank for Reconstruction and Development reported. The Mailuu-Suu uranium mine, one of the largest and most heavily contaminated uranium legacy sites in Central Asia, will be remediated with grant funding from the Central Asia Environmental Remediation Account (CRA) managed by the EBRD. “The 23 million euro grant, the largest since the creation of the NER, wil...

Growth of economy of Central Asia facilitated by arrival of people and businesses from Russia - EBRD

Central Asia is likely to grow by 5% this year and 2024, even as the Russian economy shrinks by 1.5% in 2023, according to a report from the European Bank for Reconstruction and Development, Bloomberg reports. Companies fleeing Russia are settling in Central Asia as sanctions disrupt trade flows and exports. Around 15,500 businesses in Kazakhstan now have Russian capital, twice as many as a year ago, according to EBRD Chief Economist Beata Javorchik, and Kyrgyzstan is seeing similar growth. “T...

State debt of Kazakhstan in 2023 amounted to more than 25 trln tenge or 25% of GDP

As of January 1, 2023, the state debt of Kazakhstan amounted to 25.3 trillion tenge, the Minister of Finance of Kazakhstan Yerulan Zhamaubayev said in the Mazhilis (parliament), the Zakon.kz portal reports. He also announced the amount of inefficiently used budget funds in 2022. Zhamaubayev delivered a report of the Government of the country on the execution of the republican budget for 2022 in the Majilis. "The amount of inefficient use of budget funds in 2022 amounted to 421 billion tenge, ...

Kyrgyzstan increased gold reserves by a third

The gold reserves of Kyrgyzstan amount to 16.4 tons of gold. By the size of the reserve, Kyrgyzstan is in the TOP-100 largest countries holding this precious metal in gold and foreign exchange reserves, ranking 67th in the world. Such data was provided by the World Gold Council (WGC) in the rating published for the first quarter of 2023, Akchabar reports. Such data for Kyrgyzstan in the WGC report are given in November 2022. As a result of this indicator, in the overall ranking in mid-2022, Kyr...

Central Asia remains resilient to geopolitical contradictions - EBRD

The European Bank for Reconstruction and Development has published its Regional Economic Prospects forecast, which considers the growth prospects for the economies of Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan and Mongolia, the Daryo portal reports. The economies of Central Asia have demonstrated resilience to adverse geopolitical events. Most of the region's economies have strengthened their trade cooperation with Russia by acting as intermediaries and supplying their own products. The vol...

Positive trend fixed in Kyrgyz-Tajik negotiations on border

On the background of ongoing bilateral negotiations on the disputed border areas between Tajikistan and Kyrgyzstan, Russian Deputy Foreign Minister Mikhail Galuzin noted the positive dynamics in the disputed situation around the border and expressed satisfaction with its development, TASS reports. Moscow is in favor of a speedy settlement of the dispute, the Deputy Foreign Minister of the Russian Federation said at the III Central Asian Conference of the Valdai International Discussion Club. "...

EDB to invest a large amount in energy and water infrastructure of Central Asia

The Eurasian Development Bank plans to invest $8.4 billion in the water, energy and utility infrastructure of its member countries by 2026, said Denis Ilyin, deputy head of the bank, Sputnik reports. "257 projects worth $13.4 billion have been implemented on the territory of the EDB member countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan). Until 2026, we have to invest another $8.4 billion," Ilyin said at the 46th annual conference of member countries of the Associatio...

Tajikistan least of all pollutes atmosphere in Eurasian region

Kazakhstan recorded the highest rate of carbon dioxide emissions among the countries of the Eurasian region, follows from a report by analysts from the Eurasian Development Bank (EDB) who studied data for 2021. The list is closed by Tajikistan, reports Ferghana.ru. Experts studied the environmental situation in the countries of the Eurasian Economic Union, as well as in the republics of the former USSR that are not members of the organization - Uzbekistan and Tajikistan. In general, the anti-r...