• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10682 -0.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10682 -0.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10682 -0.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10682 -0.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10682 -0.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10682 -0.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10682 -0.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10682 -0.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 1 - 6 of 1214

Kazakhstan to Improve Investor Protections and Accelerate Digital Reforms

Kazakhstan Prime Minister Olzhas Bektenov has instructed government agencies to accelerate the removal of administrative barriers for investors and expand the digitalization of investment procedures amid intensifying global competition for capital. Speaking at a meeting on investor rights protection attended by government officials, prosecutors, business representatives, and the Atameken National Chamber of Entrepreneurs, Bektenov said improving the investment climate remains a government priority. “Just last week, a presidential decree was signed on improving migration policy, aimed at creating a better environment for attracting investors, entrepreneurs, and highly qualified specialists,” Bektenov said. According to the government, Kazakhstan’s Investment Headquarters reviewed 44 projects worth approximately $25.5 billion during the first quarter of 2026. Prosecutor General Berik Asylov said the number of criminal cases against businesses has fallen fourfold over the past three years. “We are overseeing more than 3,000 investment projects. We maintain direct communication and continuous monitoring with investors and the business community,” he said. According to the Foreign Ministry, investors submitted 273 appeals during the first quarter of the year, with around half resolved positively. The main concerns related to tax administration, customs procedures, and land issues. Baurzhan Yeraly, chairman of the Committee for the Protection of Investors’ Rights under the General Prosecutor’s Office, said the rights of around 600 investors had already been protected this year, with complaints handled directly rather than transferred between agencies. Officials cited several successful cases, including the connection of a major energy project in the Atyrau region to engineering infrastructure and the inclusion of a paper products manufacturer in the national registry of domestic producers. Bektenov criticized what he described as a formalistic approach by some state bodies in dealing with businesses. “Every request from an investor is a signal behind which stand decisions on capital allocation, the launch of new production facilities, and the creation of jobs,” he said. The prime minister warned that officials and managers in the quasi-state sector responsible for bureaucratic delays would face “the strictest measures.” He also pointed to systemic problems, including weak coordination between agencies, delays in public service delivery, and insufficient oversight at the regional level. Particular attention was given to the role of local administrations, which were instructed to supervise key investment projects directly and accelerate the allocation of land, infrastructure, and permits. The government also plans to speed up development of the National Digital Investment Platform. More than 3,000 projects worth around $200 billion have already been integrated into the system, though more than 400 projects have yet to be uploaded. “In the context of global competition for investment, we must ensure a stable and favorable investment climate,” Bektenov said. Asset Irgaliyev, chairman of the Agency for Strategic Planning and Reforms, said the agency is developing a “regulatory intelligence” platform using artificial intelligence to identify excessive requirements and administrative barriers. Authorities also plan to expand the overseas network of Kazakh Invest. According to company head Sultangali Kinzhakulov, representative offices in the United States, Germany, China, Russia, Turkey, Malaysia, and Qatar will operate as “one-stop...

Uzbekistan Showcases $147 Billion Economy at 59th ADB Meeting in Samarkand

The 59th Annual Meeting of the Board of Governors of the Asian Development Bank officially opened on May 4 in Samarkand, bringing together more than 4,000 participants from over 100 countries. Held under the theme “Crossroads of Progress: Advancing the Region’s Connected Future,” the forum has given Uzbekistan a high-profile platform to promote its reforms, regional connectivity plans, and ambitions in green energy and artificial intelligence. The agenda covers digital and green transformation, climate resilience, supply chain development, and food security. The meeting also gives Central Asia a chance to present itself as a more active player in regional infrastructure, energy, and trade planning. President Shavkat Mirziyoyev addressed the forum, highlighting Uzbekistan’s recent economic reforms and development trajectory. He said the country has attracted $150 billion in foreign investment in recent years, while exports of goods and services have tripled and the economy has expanded from $50 billion to $147 billion. “Most importantly, our reforms have focused primarily on improving the daily lives of every single family and individual,” Mirziyoyev said, noting that poverty levels have declined significantly, from nearly 35% to 5.8%. He added that Uzbekistan’s economy grew by 8.7% in the first quarter despite global economic challenges. The president also emphasized the role of international financial institutions, noting that Uzbekistan’s joint project portfolio with the ADB has reached nearly $16 billion. He expressed appreciation for cooperation with organizations, including the World Bank, the International Monetary Fund, and the European Bank for Reconstruction and Development. Particular attention was given to digital transformation and artificial intelligence. Uzbekistan has launched initiatives, including the creation of an AI Hub, the expansion of data centers, and training programs aimed at developing technological expertise. “The use of open AI models is also required in areas that are most essential to the population’s primary needs,” Mirziyoyev said. Green energy and transport connectivity were also central topics. Uzbekistan has already commissioned 5,600 megawatts of renewable energy capacity and aims to increase the share of renewables to 54% by 2030. The president also highlighted major infrastructure projects, including the China-Kyrgyzstan-Uzbekistan railway, which is expected to reduce cargo delivery times and strengthen regional transit links. In addition, proposals were put forward to develop a regional “Digital Customs and Logistics Alliance,” expand cooperation in critical minerals, and launch initiatives such as the “Green Belt of Central Asia” and a “Central Asia Tourist Ring.”

Iranian Company to Build Oil Plant and Poultry Farm in Kazakhstan

Iranian companies are increasingly looking to Kazakhstan for investment and production as tensions between the United States and Iran continue. Iran’s Golrang Industrial Group plans to implement two major projects in Kazakhstan: the construction of a sunflower oil production plant and a poultry farm for meat production. Agreements on the projects were reached on May 4 between Kazakhstan’s Deputy Minister of Agriculture Yermek Kenzhekhanuly and Golrang’s leadership, with total investment estimated at approximately $120 million. At the meeting, Golrang Industrial Group expressed strategic interest in developing its business in Kazakhstan and localizing production. According to the Ministry of Agriculture, the first project involves the construction of an oil extraction plant with a processing capacity of up to 3,000 tons of sunflower seeds per day, with direct investment of approximately $70 million. The project is expected to increase the processing depth of Kazakh agricultural raw materials and boost the added value of finished products. Investment in the second project, a poultry meat farm, is estimated at approximately $50 million. The projects come against a backdrop of steadily growing cooperation between Kazakhstan and Iran. In 2025, bilateral agricultural trade increased by 55.8%, exceeding $341 million. Exports of Kazakh products, primarily wheat and barley, have also grown significantly.

U.S.-Kazakhstan Tungsten Venture Advances as Critical Minerals Cooperation Deepens

A U.S.-linked critical minerals venture in Kazakhstan is moving forward with plans to develop one of the world’s largest undeveloped tungsten resources, strengthening cooperation between Washington and Astana at a time of growing demand for secure mineral supply chains and greater Western interest in Central Asia’s strategic minerals base. Skyline Builders Group Holding Ltd. and Cove Kaz Capital Group LLC have announced a merger agreement that would create Kaz Resources Inc., a Nasdaq-listed company focused on tungsten, rare earths, and other critical minerals. The combined company is expected to trade under the ticker symbol “KAZR,” subject to shareholder and regulatory approvals and other closing conditions. The transaction builds on cooperation between Cove Kaz Capital and Kazakhstan’s national mining company, Tau-Ken Samruk. Cove Kaz has acquired a majority interest in Severniy Katpar LLP, which holds licenses for the Northern Katpar and Upper Kairakty tungsten projects in Kazakhstan’s Karaganda mining district, while Tau-Ken Samruk retains a minority stake, giving Kazakhstan’s state mining sector continued participation in the project. The Financial Times has reported that Donald Trump Jr. and Eric Trump held indirect stakes in Skyline Builders, the Nasdaq-listed company that has agreed to combine with Cove Kaz Capital. The reported investments were made through a Dominari-affiliated vehicle before the business combination. The report has drawn scrutiny because of the project’s connection to U.S. critical minerals policy and potential U.S. government-backed financing. The report cites no evidence that the Trump sons influenced the project award or the financing process. A spokesperson for Donald Trump Jr. said he is a passive investor, has no operational role, and does not engage with the federal government on behalf of companies in which he invests or advises. Eric Trump did not respond to requests for comment reported by the Financial Times. The Export-Import Bank of the United States and the U.S. International Development Finance Corporation have issued letters of interest indicating potential financing support for the project. Such letters are preliminary expressions of interest, not final loan approvals, binding commitments, or government contracts, and any financing would remain subject to due diligence, agency approvals, and other conditions. The projects are strategically significant because tungsten is widely used in defense, aerospace, industrial manufacturing, and advanced technologies. The United States has identified tungsten as a critical mineral and has sought to diversify supply chains amid heavy global dependence on China. Kazakhstan’s tungsten deposits hold significant potential, but many remain at an early stage of development, requiring substantial investment and time before production can scale. Even so, the country has begun to emerge as a meaningful producer, with public and industry estimates pointing to Kazakhstan becoming a top-three producer in 2025 after the launch of the Boguty deposit, behind China and Vietnam. The Association of Mining and Metallurgical Enterprises has cited production of around 2,400 tons of tungsten in 2025. The country’s rising role in the global market coincides with a sharp increase in tungsten prices. Following export restrictions imposed by China in February 2025, prices rose sharply through 2025...

EBRD Invests $125 Million in Kazakhstan Railway Operator Eurobond

The European Bank for Reconstruction and Development is investing up to $125 million in a Eurobond issue by Kazakhstan’s national railway operator, Kazakhstan Temir Zholy (KTZ). The bond, with a total value of up to $1 billion, was listed on the London Stock Exchange, Kazakhstan Stock Exchange, and Astana International Exchange. The EBRD’s investment will help modernize passenger stations across Kazakhstan, supporting improvements in safety and operational performance. The upgraded stations are expected to offer higher throughput capacity, modern lighting, and significant enhancements for passengers with disabilities. According to the Kazakh Ministry of Transport, a large-scale reconstruction and modernization program covering 124 railway stations nationwide began in 2025. The initiative aims to improve convenience and accessibility for all passengers, including those with disabilities, and to bring Kazakhstan’s railway infrastructure in line with international quality and safety standards. Additional infrastructure upgrades financed by the bond will take place along the Trans-Caspian Corridor and are expected to support more sustainable rail transportation between Europe and Asia. The EBRD will also mobilize technical cooperation funds to help KTZ adopt international standards in passenger rail services, including measures to strengthen cybersecurity. KTZ owns and operates a 16,400-kilometer railway network and manages more than 1,700 locomotives, 46,800 freight cars, and 2,300 passenger cars. In the first quarter of 2026, KTZ transported approximately 3.2 million passengers. KTZ also transported 64.5 million tons of cargo in the first quarter of 2026, an increase of 360,000 tons compared to the same period last year. Domestic shipments accounted for 40.8 million tons, while exports totaled 23.7 million tons, up 2.2%.

Kazakhstan to Invest Around $174 Million in Non-Ferrous Metallurgy Projects in 2026

Kazakhstan plans to launch eight projects in the non-ferrous metallurgy sector in 2026, with total investments of around $174 million, the Ministry of Industry and Construction has said. According to the ministry, the sector remains one of the key pillars of the national economy, supported by a substantial resource base that includes deposits of copper, zinc, nickel, lead, aluminum, and precious metals. “In 2026, eight projects are expected to be launched with approximately $173.8 million in investments and the creation of more than 1,500 permanent jobs,” the statement said. The projects include the production of cathode copper, copper wire rod, cable products, aluminum powder, and cast rods made of unalloyed aluminum. One project has already been commissioned, a cathode copper production facility in the Karaganda region. The project involved investments of about $17.3 million and created 512 jobs. “In addition, six projects are currently under implementation, including the production of dore alloy, aluminum billets, and profiles. Their launch is expected in 2027–2028, with total investments exceeding $1.1 billion,” the ministry said. According to the ministry, these projects will create more than 800 jobs, including around 140 in rural areas. Additionally, a further 34 projects are at the planning stage, focusing on the production of dore gold and silver, nickel matte, aluminum, tungsten, lead, and zinc. Total investments in these projects are estimated at $14.9 billion, with the potential to create around 17,100 jobs. The largest projects are planned for implementation in the Kostanay, Pavlodar, Karaganda, and Abai regions. Overall, total investments across 48 current and prospective projects amount to approximately $16.2 billion, with plans to create around 19,400 jobs, a significant share of which will be in rural areas. The Times of Central Asia previously reported that Kazakhstan’s reserves of rare earth metals may have exceeded previous projections following new geological surveys.