nCa Report The global annual exports of China have recently exceeded 23.77 trillion yuan (nearly USD 3.332 trillion). The rise is not only in the sheer volume but also in the diversification of the products and destinations. In several ways, the Chinese products have helped the consumers to balance their budgets. China is also the […]
Central Asia-Japan Joint business forum held in Astana – Turkmenistan and Japan inked a package of deals
On 9 August 2024, a business forum of the Central Asia + Japan Dialogue was held in Astana. The event was organized by the Ministry of Economy, Trade and Industry of Japan, the Japanese Association for Trade with Russia and NIS (ROTOBO), the Ministry of Foreign Affairs of the Republic of Kazakhstan, Kazakh Invest, the […]
Uzbekistan and Kazakhstan held summit talks in Astana – A Program of strategic partnership and alliance for the next 10 years adopted
On 8 August 2024, high-level talks were held in Astana between President Kassym-Jomart Tokayev of Kazakhstan and President Shavkat Mirziyoyev of Uzbekistan. As a result of the talks, a Program of strategic partnership and alliance for the next 10 years was adopted, the key objectives of which are to further strengthen friendly ties and encouraging […]
Ready4Trade and Central Asia Invest Projects Conclude, Paving the Way for Increased Trade and Investment in Central Asia
On June 26, 2024, Almaty hosted the final meeting for the EU-funded Ready4Trade (ITC) and OECD-led Central Asia Invest projects, marking the culmination of years-long efforts to streamline trade procedures, boost investment, and solidify economic cooperation within Central Asia. The event brought together deputy heads from government agencies across Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. […]
Uzbekistan, Korea Forge $9.6 Billion worth package of investment deals, Launch a new model of high-tech and innovative cooperation
Following a summit in Tashkent on June 14, 2024, President Yoon Suk Yeol of Korea and President Shavkat Mirziyoyev of Uzbekistan signed a series of agreements ushering in a “New Era of High-Tech and Innovative Cooperation” between the two nations. These agreements span vital sectors including critical minerals, rail transportation, agriculture, finance, and pharmaceuticals. “A […]
Turkmenistan, S. Korea Eye Deeper Economic Partnership – S. Korean Firms Secured $5 Billion in Turkmenistan Projects over last decade
President of Korea Yoon Suk Yeol said that South Korea’s industrial know-how and technology, if combined with Turkmenistan’s abundant resources, can create economic synergy between the two countries particularly in sectors such as energy and resource development. The remarks were made at the joint Turkmen-Korean business forum in Ashgabat, which brought together 250 government and […]
Speech by the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov at the Turkmen-Korean Business Forum
Dear President of the Republic of Korea, Mr. Yoon Suk Yeol! Dear guests! Dear Forum members! Today we are hosting the Turkmen-Korean Business Forum, and I take this opportunity to express my gratitude to the President of the Republic of Korea, Mr. Yoon Suk Yeol, for participating in it and for paying special attention to […]
Turkmen-Korean business Forum held in Ashgabat
On 11 June 2024, a Turkmen-Korean business Forum was held in Ashgabat with the participation of the National Leader of the Turkmen people, Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov and President of the Republic of Korea Yoon Suk Yeol. More than 200 representatives of the public and private sectors took part in the forum. […]
24,000 companies with Russian capital operate in Central Asian countries
At the Innoprom Central Asia exhibition in Tashkent, Russia’s Deputy Prime Minister, minister for industry and trade Denis Manturov emphasized the growing economic ties between Russia and Central Asia. He revealed that over 24,000 companies with Russian capital operate in the region, with combined investments exceeding $38 billion. According to the government representative, Russia retains […]
European Bank for Reconstruction and Development Ready to Bolster Turkmenistan’s Economic Diversification
Turkmenistan’s Foreign Minister Rashid Meredov met with the European Bank for Reconstruction and Development (EBRD) Vice President Mark Bowman on 14 March 2024. Discussions centered on strengthening Turkmenistan’s investment climate through collaboration. They explored international cooperation opportunities and implementing new joint projects using cutting-edge technologies. The focus areas aligned with the EBRD’s Country Strategy for […]
Brussels to host Investors Forum for EU-Central Asia Transport Connectivity
Brussels will host Investors Forum for EU-Central Asia Transport Connectivity on 29-30 January 2024, European Commission reports. The Global Gateway Transport Investors Forum takes forward the conclusions of the EU-commissioned Study on Sustainable Transport Corridors between the EU and Central Asia, and aims to translate the political commitments of the EU and the five countries […]
Paris to host International Forum to Attract Foreign Investments in Turkmenistan’s Energy Sector
The International Forum to Attract Foreign Investments in Turkmenistan’s Energy Sector will be held in Paris on 24-25 April 2024. The Forum’s principal organizers are the State Concerns “Turkmennebit” and “Turkmengas”, and the State Corporation “Turkmengeology” in partnership with Turkmen Forum and UK-based GaffneyCline. The purpose of this event is to expand the opportunities for […]
Russia Eyes Deeper Investment Ties with Turkmenistan
Russia is interested in developing cooperation with Turkmenistan and is ready to implement joint projects, supply various products, and expand areas of investment cooperation. This was stated by Dmitry Volvach, Deputy Minister of Economic Development of Russia, during the 9th meeting of the High-level Group on Trade and Investment Support within the framework of the […]
EDB: mutual direct investments among Central Asian countries grow at 9.2% per year on average over the past seven years
The volume of foreign direct investment (FDI) in Central Asia is estimated at US$ 1.1 billion by the end of the H1 2023, marking a 1.8-fold increase from 2016. This is stated in the report of the Eurasian Development Bank “EDB Monitoring of Mutual Investments 2023”. EDB analysts note that by mid-2023, the volume of FDI […]
China is among Top 5 Investors in Kazakhstan
China is now one of the top five investors in Kazakhstan, with cumulative investments of US$24 billion over the past 18 years. This was announced by Kazakh Prime Minister Alikhan Smailov at a meeting with Chinese Premier Li Qiang in Shanghai on 4 November 2023. Smailov said that Chinese investment in Kazakhstan increased by 30% […]
OGT 2023: ADB’s engagement in the energy sector of Turkmenistan
Highlights: ADB will continue to keep strong focus on energy sector in Turkmenistan ADB stands ready to help Turkmenistan in elaborating the Strategy for Long-term Carbon Neutrality The Bank is also working on preparing a Roadmap for the low-carbon transition in Turkmenistan in power sector. ADB is ready to support Turkmenistan’s efforts to reduce greenhouse […]
EBRD Supports 22 Projects in Turkmenistan
The European Bank for Reconstruction and Development (EBRD) currently has 22 active portfolio projects in Turkmenistan, with a total value of €28 million. Industry, agrobusiness and commerce make up 95% or €27 million of the current portfolio, while financial institutions’ share is 5 %. As of 31 July 2023, the EBRD has invested in 87 […]
Taliban delegation on trade and investments promotion visit to Kazakhstan
The business leaders from Kazakhstan and Afghanistan met in Astana on 2 August 2023 to discuss trade and investment opportunities. The Taliban delegation is led by Azizi Nuriddin, Minister of Commerce and Industry of Afghanistan. Afghanistan is a major importer of Kazakh flour and vegetable oil, and the two countries have a mutual trade volume […]
EBRD investments in Uzbekistan reached USD 900 million in 2022
“In 2022 the European Bank for Reconstruction and Development (EBRD) invested almost US$ 900 million (€839 million) in 26 projects in Uzbekistan, making it the leading recipient of its funding in Central Asia for the third year running. Investments were made in sectors ranging from renewable energy to banking,” says a presser by EBRD issued […]
Визит делегации движения “Талибан” по содействию торговле и инвестициям в Казахстан
Лидеры бизнеса из Казахстана и Афганистана встретились в Астане 2 августа 2023 года, чтобы обсудить торговые и инвестиционные возможности. Делегацию движения “Талибан” возглавляет Азизи Нуриддин, министр торговли и промышленности Афганистана. Афганистан является крупным импортером казахстанской муки и растительного масла, и объем взаимной торговли между двумя странами составляет около 1 миллиарда долларов. Правительство Казахстана заинтересовано в […]
GB in Turkey to drum up support for investments, TAPI
Ashgabat, 7 August 2015 (nCa) — President Berdymuhamedov completed Thursday his two-day official visit to Kyrgyzstan and traveled from Bishkek to Istanbul for a working trip to Turkey. In Istanbul, the president addressed a gathering of the top business leaders from Turkey, Japan and Korea, to bolster investment activity in Turkmenistan and drum up support […]