• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10422 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10422 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10422 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10422 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10422 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10422 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10422 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10422 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%

Viewing results 1 - 6 of 11

Foreign Capital Inflows to Tajikistan Jump by One-Third, Approaching $7 Billion

Foreign investment in Tajikistan increased sharply in 2025, rising by more than one-third compared to the previous year, as the authorities also announced new investment agreements and long-term development strategies extending to 2040. Speaking at a press conference, Sulton Rahimzoda, chairman of the State Committee for Investment and State Property Management of the Republic of Tajikistan, said that by the end of 2025, total foreign capital inflows had reached $6,925.3 million. This represents an increase of $1,798.6 million, or 35.1%, compared to 2024. In absolute terms, the economy attracted nearly $1.8 billion more in foreign investment than a year earlier. According to the committee, $3,031.0 million of the total came from post-Soviet states in 2025, accounting for 43.8% of overall foreign investment. At the same time, countries outside the former Soviet Union accounted for the majority share. Tajikistan received $3,894.3 million from these countries, or 56.2% of total inflows. Investment from this group increased by $731.3 million year over year, or 23.1%. Authorities attributed the growth in foreign capital to improvements in the regulatory framework. On the initiative of the State Committee, a new version of the Law of the Republic of Tajikistan “On Investments and Stimulation of Investment Activity,” dated May 14, 2025, No. 2173, was adopted. Additional momentum came from the International Investment Forum “Dushanbe Invest - 2025,” held on October 14-16, where more than 50 cooperation agreements worth a combined $4.1 billion were signed.

Uzbekistan and Kazakhstan Emerge as Top Investment Destinations in Eurasian Region

A new report from the Eurasian Development Bank (EDB) highlights a significant shift in investment flows within the Eurasian region, with Central Asia, particularly Uzbekistan and Kazakhstan, emerging as the primary recipients of foreign direct investment (FDI). Titled Investment Cooperation in the Eurasian Region Based on EDB Monitoring of Mutual Investments, the report provides a detailed analysis of mutual FDI trends across former Soviet republics (excluding the Baltic states) and Mongolia. Despite a global downturn in FDI, investment activity across the Eurasian region continues to grow. As of the first half of 2025, mutual FDI between member countries reached a record $48.4 billion, with private businesses driving the majority of the growth. Kazakhstan and Uzbekistan Take the Lead Kazakhstan has become a central player in regional investment. The country’s outbound investments total $3.25 billion, while inbound investments stand at $9.4 billion, accounting for 19.5% of all mutual FDI in the region. Notably, Kazakhstan’s investment in neighboring Uzbekistan rose by 60% over the past 18 months, driven primarily by construction projects. Uzbekistan is now the largest recipient of FDI in the Eurasian region, attracting over $10.7 billion in inbound investment, 22.3% of the regional total. The country also doubled its outbound investment in 2025 compared with the previous year, reaching $396 million. Uzbek companies invested heavily in manufacturing, which made up 85% of their foreign investment activity. Russia remains Uzbekistan’s largest investor, accounting for 90% of the total. Intra-Regional Investment on the Rise Intra-regional investment in Central Asia reached $1.3 billion in the first half of 2025, a 42% increase compared to 2023 and nearly triple the volume recorded in 2016. Kazakhstan remains the largest regional capital exporter, while Uzbekistan continues to lead as the main recipient. Roughly 80% of these intra-regional investments are concentrated in the construction, manufacturing, and financial sectors. Other Central Asian Economies Also Attract Investment Kyrgyzstan recorded $2.4 billion in incoming FDI, up 21% from 2023. The increase was largely driven by investments in manufacturing and energy. Tajikistan also saw modest growth, with mutual FDI from Eurasian countries reaching $530 million by mid-2025, up 3% compared to 2023. Russian investment continues to dominate, comprising 93% of the total and focusing on energy, telecommunications, and financial services.

Kyrgyzstan Sees Rising Pakistani Investment Amid Expanding Economic Partnership

Foreign direct investment (FDI) from Pakistan in Kyrgyzstan has more than doubled over the past five years, rising from $2 million in 2020 to $4.6 million in 2024, according to the National Investment Agency. A sharp spike occurred in 2023, when Pakistani FDI reached $6.9 million, reflecting growing interest from Pakistani businesses in the Kyrgyz market. “Kyrgyzstan and Pakistan demonstrate stable, positive dynamics of cooperation. The number of joint projects in agriculture, energy, trade, and the digital economy is expanding every year. We see high potential for further deepening of the partnership,” said Farkhat Iminov, Director of the National Investment Agency. Expanding Sectoral Cooperation On August 6, Iminov met with Marwan Alex Ayyash, Deputy Head of Mission at the Embassy of Pakistan in Kyrgyzstan. The Pakistani side expressed interest in developing cooperation in Kyrgyzstan’s mining sector, particularly in gold, tungsten, copper, and granite deposits. Earlier, on July 28, Kyrgyzstan and Pakistan held the fifth meeting of the Intergovernmental Commission on Trade, Economic, Scientific, and Technical Cooperation. The key outcome was the signing of a Memorandum of Understanding between Kyrgyzstan’s National Investment Agency and Pakistan’s Investment Board. The agreement aims to implement joint projects and expand cooperation in priority sectors including tourism, energy, agriculture, industry, transport, and logistics.

Kyrgyzstan Attracts Record-High Investment from Kazakhstan

Foreign direct investment (FDI) from Kazakhstan into Kyrgyzstan reached a historic high in 2024, totaling $113.5 million out of more than $1 billion in total FDI, according to the National Investment Agency of Kyrgyzstan. This represents more than a threefold increase from the $33.6 million invested in 2020 and reflects rising confidence among Kazakhstani businesses in Kyrgyzstan’s investment climate, alongside strengthening bilateral economic ties. Kazakh investments primarily flowed into Kyrgyzstan’s industrial and raw material processing sectors, as well as transport and logistics, agriculture, trade, and services. These investments have contributed to modernizing production facilities, creating new jobs, transferring technology, and boosting Kyrgyzstan’s export potential. In the first quarter of 2025 alone, Kazakhstan remained one of Kyrgyzstan’s top investors, contributing nearly $50 million between January and March. Kazakhstan also consistently ranks among Kyrgyzstan’s top three trading partners. Bilateral trade between the two countries reached $1.7 billion in 2024. During an August 2 meeting in Cholpon-Ata, Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu and his Kyrgyz counterpart Zheenbek Kulubaev agreed to deepen economic cooperation and raise annual bilateral trade to $3 billion. The ministers also highlighted the planned launch of a flagship joint project: an Industrial Trade and Logistics Complex near the Kazakh-Kyrgyz border, set to open in 2026. Located near the Karasu and Ak-Tilek checkpoints, the facility is expected to become one of Central Asia’s largest cargo distribution hubs, handling the consolidation, processing, and transit of goods.

Kyrgyzstan Sees Continued Growth in Foreign Direct Investment

Kyrgyzstan continues to show steady growth in attracting foreign direct investment (FDI), with figures exceeding pre-pandemic levels. According to the National Statistical Committee, FDI reached over $1 billion in 2024, and the positive momentum has continued into 2025. In the first quarter of 2025, Kyrgyzstan attracted $288.3 million in direct investment, up 44% compared to the same period in 2024. The National Statistical Committee categorizes investments as coming from either Commonwealth of Independent States (CIS) countries or non-CIS countries, with volumes from both sources remaining roughly comparable. Among non-CIS nations, China maintained its position as Kyrgyzstan’s largest investor, contributing $66.3 million during the first quarter. Among CIS countries, Russia led with $56 million, while Kazakhstan remained a key regional partner with nearly $50 million invested from January to March 2025. Other CIS countries contributed considerably smaller amounts. Turkey also continues to play a significant role, investing $62 million in Kyrgyzstan’s production sector. Other notable contributors include the Netherlands, with $23.8 million. Uzbekistan demonstrated marked growth, following the signing of a bilateral agreement on the demarcation of certain border areas and water resources. Uzbek investments reached more than $5 million in the first quarter of 2025, up sharply from $237,000 in all of 2024. India likewise recorded a surge in investment, increasing from $91,000 in 2024 to $1.9 million in the first three months of 2025, an almost 2,000% rise. Bishkek remains the country’s most attractive destination for foreign investment, drawing more than $525 million in 2024. The Chui region ranks second, driven by the expansion of factories and processing enterprises with foreign participation. The manufacturing sector continues to be the primary target for foreign investment, followed by financial intermediation and insurance. Additional capital is flowing into mineral extraction, trade, and equipment repair.

EU–Kazakhstan Relations: Strategic Cooperation Amid Geopolitical Shifts

In a recent podcast discussion, EU Ambassador to Kazakhstan Aleška Simkić and Kazakhstan’s Ambassador to the EU and NATO, Roman Vassilenko, discussed the evolving relationship between the European Union and Kazakhstan and broader Central Asia. Their exchange offered insight into the shared strategic interests driving EU–Kazakhstan cooperation across trade, energy, critical raw materials, connectivity, and mobility. Trade and Investment: A Stable Foundation Trade and investment continue to underpin the relationship; the European Union remains Kazakhstan’s largest trading partner and top foreign investor. Bilateral trade reached $49.7 billion in 2024, with the majority comprising energy exports from Kazakhstan, highlighting its role as a key supplier to European markets. The EU collectively accounts for a significant share of Kazakhstan’s FDI, equal to €54.8 billion in 2022, representing approximately 50–55% of Kazakhstan’s total FDI. The Enhanced Partnership and Cooperation Agreement (EPCA), in effect since 2020, underpins the EU–Kazakhstan bilateral relationship, providing a legal framework for cooperation across 29 sectors. As noted by both ambassadors, it enables structured dialogue on trade, energy, governance, and sustainability. While political engagement has increased, both sides acknowledge that deeper implementation is needed to fully leverage the EPCA in line with the EU’s broader strategy for Central Asia. Roman Vassilenko acknowledged the recent momentum: “I think the relationship between Kazakhstan and the EU has strengthened tremendously over the past three and a half years. With a relatively new Commission in place in Brussels, and with the President of Kazakhstan committed to strengthening ties with the European Union as part of our balanced and pragmatic foreign policy, we are at a moment where we can truly advance, deepen, and strengthen our relations in many ways.” [caption id="attachment_34435" align="aligncenter" width="1431"] EU Ambassador to Kazakhstan, Aleška Simkić (left) with Kazakhstan’s Ambassador to the EU and NATO, Roman Vassilenko (right); Image: EU Delegation to Kazakhstan.[/caption] Energy and Raw Materials: Strategic Realignment While energy has long anchored EU–Kazakhstan ties, both ambassadors emphasized a shift toward broader, forward-looking cooperation. Ambassador Vassilenko identified critical raw materials and green hydrogen as emerging areas of strategic importance, offering Kazakhstan opportunities to diversify its economy while supporting the EU’s green transition. Kazakhstan, with its mineral wealth and renewable energy potential, is well-positioned to contribute to Europe’s supply chain resilience in clean technologies. The country’s abundant reserves of critical minerals—such as rare earths, copper, lithium, and cobalt—align with Europe’s need to diversify sources for its green transition. Coupled with growing investment in renewable energy and deepening cooperation with European partners, Kazakhstan stands out as a strategic supplier for clean-tech industries. Both envoys stressed the importance of moving from basic resource exports toward long-term industrial partnerships — including local processing, infrastructure development, and regulatory alignment — as a means of ensuring mutual benefit. Connectivity: The Middle Corridor and Infrastructure Links Connectivity also features prominently. The Trans-Caspian International Transport Route, or “Middle Corridor,” is increasingly viewed as a viable overland route connecting China to Europe via Kazakhstan. Cargo volumes have risen, and both the EU and regional stakeholders are investing in capacity...