Despite a preponderance of data on the high-level of financial and environmental risks, the World Bank has opted to become a major financial backer of the Rogun hydropower dam project in Tajikistan, approving an initial $350 million grant to help finish the first phase of construction. Following up on the World Bank’s decision, the Asian […]
Read MoreEight large projects worth 27 trillion tenge will be developed in Mangistau region, governor Nurdaulet Kilybai told a press conference at the central communications service, Kazinform News Agency reports. The key directions for the development of the region are the processing sector, tourism transportation and logistics, small and medium business, and agro-industrial complex. He said […]
Read MoreIn the January to November 2024 period, Uzbekistan’s international trade topped $59.4 billion, a 3.6% increased to the same period last year, the Statistics Agency said. Exports stood at $24.2 billion, which is 4.4%, while imports were at $35.1 billion, which is 3% more than last year.
Read MoreOn December 27, official work will launch the China-Kyrgyzstan-Uzbekistan railway project. This was announced by Kyrgyz President Sadyr Japarov at the III People’s Kurultai on December 20. When we started this project, there were those who did not believe in it, considering it a fairy tale. However, today you have all witnessed that this is […]
Read MoreIn January-November, Uzbekistan imported gas worth a record $1.55 billion, the Agency of Statistics said in its international trade report. This is 2.8 times more (in monetary terms) than for 11 months of 2023, when the volume of exports topped 562.7 million dollars. This is also almost 2.2 times more than the total volume of […]
Read MoreTwo companies have launched new products on the Mongolian Stock Exchange. Specifically, “Shunkhlai” LLC started the primary market trading of “Shunkhlai” bonds, while a bell-ringing ceremony for the IPO of “Tenger Daatgal” LLC was held on November 28, 2024. The IPO orders for “Tenger Daatgal” will be accepted through the MSE’s IPO system until December […]
Read MoreThe trade volume between Kazakhstan and the United States reached $3.3 billion in January-September, a record figure for the last four years. This was stated at the round table held in the U.S. Chamber of Commerce with the participation of heads of U.S. companies and U.S.-Kazakhstan Business Council (USKZBC) members on the results of joint […]
Read MoreUzbekistan’s accession to the World Trade Organization (WTO) entered “final stage”, the president announced. He emphasized that while certain preferences conflicting with WTO rules were abolished, the government remains committed to supporting businesses and fostering a fair competitive environment. Uzbekistan has moved into the “final stage” of its accession to the World Trade Organization (WTO), […]
Read MoreDuring its regular session on December 18, 2024, the Cabinet of Mongolia discussed The Law on Pensions provided by the Social Insurance Fund of Mongolia (SIF). The law stipulates that “pension amounts shall be increased annually, starting January 1, 2025, based on the average annual inflation rate of the previous year.” In compliance with this […]
Read MoreToday, approximately 2.5 million Uzbeks work abroad. The amount of money they send back to Uzbekistan surpasses the revenue from gold exports, constituting over 14% of the country’s GDP. In 2000, the United Nations General Assembly declared December 18 as International Migrants Day. On the same date in 1990, the International Convention on the Protection […]
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