economy

Russia’s invasion of Ukraine, which began in 2022, caused negative economic expectations in Central Asia. But national economies in the region managed to survive due to high prices of natural resources, opening opportunities in trade and change in the rouble rate. However, relative welfare is unstable. (more…)

In Kyrgyzstan, the Hungarian-Kyrgyz Development Fund has just been officially launched; the Uzbek-Kyrgyz Development Fund was launched a little earlier; the opening of several more such structures with the participation of capital of other countries is at the negotiation stage, officials say. All of them have been created on the model of the successful Russian-Kyrgyz Development Fund, which has worked for several years. (more…)

On February 25, the United States and European Union simultaneously announced new sanctions against Russia for its invasion of Ukraine. This is the third and strictest package of sanctions. It covers financial, energy, transport, technology sectors, as well as the visa policy. (more…)

The military entry of Russia to Ukraine left no one in the world indifferent. Western countries consider the recent actions taken by Vladimir Putin against the neighbouring state as a war and unleash an array of sanctions against Russia. The changes in the geopolitical arena relate to Kazakhstan, too. (more…)

Kazakhstan is an economically successful country, which ranks first in the world in uranium production, is in the top 10 in coal, iron, gold reserves, and 11^th in the world in oil and gas reserves. However, the national economy declines and the personal wellbeing deteriorated significantly in the last two years. (more…)

Over the years of independence in Kyrgyzstan, there has been a gradual transition from a command-administrative system to market relations, said Iskender Sharsheev, head of the Secretariat of the National Alliance of Business Associations. However, in his opinion, the country still has a lot to do to reform its economy.

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Kyrgyzstan has committed itself to achieve carbon neutrality by 2050. Despite this goal, the country’s consumption and production of coal is growing rapidly. (more…)

The new tax legislation of Tajikistan, most likely, will uphold the primacy of taxation over investment, will not be business-oriented, and will not be able to affect the growth of consumption and savings of citizens significantly, believes Aziz Timurov, participant of CABAR.asia School of Analytics. (more…)

According to unofficial data, over a thousand of Tajikistanis had arrived in Kyrgyzstan via Batken region before the pandemic every day both via the checkpoint and via uncontrolled locations in villages. They came to earn money, for treatment and recreation. However, bilateral relations stopped after the armed conflicts in spring of 2021.
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The protracted negotiations between Uzbekistan and EAEU show the unpreparedness of the Uzbekistan economy to fast adaptation within the bloc.
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