News

Kyrgyzstan increases its external debt

The public debt of Kyrgyzstan at the end of March 2023 rose to $5.62 billion, an increase of $24.25 million compared to the previous month, the Minist...

Kazakhstan entered Top-10 sports-corrupt countries

Kazakhstan ranked 4th with 43 suspicious games in 2022 in various sports, mainly in football, basketball, etc. These are the anti-rating data of the sports analytical company Sportradar, which measured the level of sports corruption in the world, Zakon.kz reports. Worse than in Kazakhstan, the situation was in Brazil (152 suspicious matches), Russia (92 matches) and the Czech Republic (56 matches), better - in China (41 matches), Greece (40 matches) and Argentina (39 matches). In the context o...

Turkmenistan interested in supply of Tajik aluminum

During the state visit of the President of Tajikistan Emomali Rahmon to Turkmenistan in 2021, an agreement was reached to start joint work in certain industries. As part of the implementation of this agreement, President of Turkmenistan Serdar Berdimuhamedov announced that the Turkmen side would consider the possibility of implementing a pilot project to create a textile factory in Tajikistan with the participation of Turkmen companies. He also proposed to open trading houses in the capitals of ...

Two superpowers invests heavily in Uzbekistan

The Agency on Statistics of Uzbekistan has published data on countries that have the highest share of foreign investment in Uzbekistan. According to the information, in January-March 2023, the volume of investments in fixed assets in Uzbekistan amounted to 56.6 trillion soums. Of these, the total volume of foreign investment and loans in fixed assets was fixed at 25.1 trillion soums. Investor countries with the largest share in the volume of foreign investment and loans: China - 19.9%; Rus...

Afghanistan interested in accelerating construction of TAP power line

Afghanistan intends to intensify trilateral negotiations on the implementation of the TAP (Turkmenistan-Afghanistan-Pakistan) power transmission line project, Acting Minister of Energy and Water Resources of Afghanistan Abdul Latif Mansour said, Orient.tm reports. He stated this following the results of negotiations with the Ambassador of Turkmenistan to Afghanistan Khoja Ovezov, Bakhtar news reports. During the talks, which were also attended by the head of the Afghan energy company Da Afghan...

Tajikistan and IDB Discuss Financing Priority Projects

Financing of priority projects in Tajikistan was discussed with the Chairman of the Saudi Arabia Development Fund, Avesta reports with reference to the press service of the Ministry of Economic Development and Trade of Tajikistan. During the participation of the official delegation of Tajikistan at the annual meetings of the Islamic Development Bank group, which continue on May 10-13, 2023 in the city of Jeddah, the Kingdom of Saudi Arabia, the Minister of Economic Development and Trade, Plenip...

Kazakhstan intends to increase grain exports to China to 1 mln tons per year

Kazakhstan intends to increase grain exports to China to 1 million tons per year, Kazakh Minister of Agriculture Yerbol Karashukeev said at a meeting in Beijing with China's leading agricultural companies - COFCO and CITIC Group. The minister spoke about the broad prospects for growth and cooperation in the agro-industrial complex and plans to establish direct contacts between the business communities of the two countries. In particular, Chinese companies were offered to supply grain through K...

USAID allocated $19 mln for development of agro-industrial complex of Tajikistan

The United States Agency for International Development (USAID) has announced the launch of a new five-year Market Driven Rural Development (MDRD) project in Tajikistan worth $19 million, Interfax reports citing the US Embassy in Dushanbe. The funds will be used to accelerate growth in the agricultural sector by providing inclusive access to economic opportunities in rural communities across the country. "The MDRD project will support improving the competitiveness and resilience of Tajikistan's...

Kyrgyzstan proposes to create financial mechanisms within SCO

Kyrgyzstan stands for the creation of financial institutions within the framework of the Shanghai Cooperation Organization, through which it would be possible to implement economic projects, Kyrgyz Foreign Minister Jeenbek Kulubaev said in Bishkek at a meeting with SCO Secretary General Zhang Ming, the press service of the Kyrgyz Foreign Ministry reported. Kulubaev "emphasized the priority issues for the Kyrgyz side within the framework of the SCO. In particular, the creation of effective finan...

Potential heir in Tajikistan held talks with real heir of Turkmenistan in Dushanbe

Chairman of the Majlisi Milli Majlisi Oli of the Republic of Tajikistan, Mayor of Dushanbe Rustami Emomali met in Dushanbe with President of Turkmenistan Serdar Berdimuhammedov, who is in Tajikistan on a state visit, Avesta reports with reference to the press service of the Dushanbe City Hall. During the conversation, confidence was expressed that the first state visit of the President of Turkmenistan Serdar Berdimuhamedov to Tajikistan will play an important role in the development and expansi...

EU may check Central Asia due to suspicions of circumventing sanctions against Russia

Member of the European Parliament from Lithuania Lyudas Mazhilis raised the possibility of taking action against the countries of Central Asia if it is proved that they are helping Russia to circumvent the sanctions imposed by the European Union, reports Russia Today. In 2022, the trade turnover of the Central Asian republics and Russia grew by an average of 60-80%, the Mazhilis noted, citing data from "various reports." In particular, in January-October, companies from Kazakhstan allegedly exp...