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	<title>Last news - Сentralasianlight.org</title>
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	<description>Economy</description>
	<pubDate>Wed, 01 Jul 2026 18:01:31 +0600</pubDate>
	<copyright>centralasianlight.org</copyright>
	<ttl>60</ttl>
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		<title>Kyrgyzstan Moves to Diversify Fuel Supply Routes</title>
		<description><![CDATA[Amid a serious deterioration in fuel and lubricant supplies, Kyrgyzstan has begun actively seeking additional supply channels. Official requests have been sent to government agencies in Russia, Kazakhstan, Belarus, Azerbaijan, Uzbekistan, and Turkmenistan. Negotiations to expand the geography of imports are ongoing.

Recent statements by Kyrgyz authorities about sufficient fuel and lubricant reserves reflect an effort not only to reassure the domestic market but also to demonstrate the country's readiness to address external challenges. Against the backdrop of instability in global oil markets, geopolitical tensions in the Middle East, and risks to international logistics, the issue of fuel security is of strategic importance to the country.

The main characteristic of the Kyrgyz market remains its high dependence on imported petroleum products. This makes domestic prices and supply stability sensitive to external factors over which Bishkek has virtually no control. Therefore,]]></description>
		<pubDate>Wed, 01 Jul 2026 17:49:01 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstan-moves-to-diversify-fuel-supply-routes/</link>

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		<title>Tajikistan’s Salaries Remain the Lowest in Central Asia Despite Economic Growth</title>
		<description><![CDATA[The average salary in Tajikistan in April 2026 was 3,262.7 somoni ($353), a 20.3% increase compared to April of the previous year. These data were presented in a report by the Tajikistan Statistics Agency.

Despite improvements to the national statistical system and the regular publication of macroeconomic indicators, wages in Tajikistan remain the lowest among Central Asian countries.

However, in regional comparisons, the gap remains significant. In Kazakhstan, the average salary is approximately 423,000 tenge (almost $790), more than twice the Tajik average. In Kyrgyzstan, the average salary reached approximately 42,000 som ($481), and in Uzbekistan, approximately 6 million som ($484).

This difference is explained by the economic structure, lower labor productivity, and limited capacity of Tajikistan's industrial sector. Under these conditions, a significant portion of the population continues to rely on remittances from migrant workers,]]></description>
		<pubDate>Tue, 30 Jun 2026 20:12:07 +0600</pubDate>
		<link>https://centralasianlight.org/news/tajikistans-salaries-remain-the-lowest-in-central-asia-despite-economic-growth/</link>

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		<title>Kazakhstan&apos;s Auto Industry Shows Resilience as Growth Slows</title>
		<description><![CDATA[Automobile production, including passenger cars, trucks, buses, special-purpose vehicles, trailers, and semi-trailers, in Kazakhstan decreased by 16.3% in May compared to April, to 15,200 units, according to information from the Kazakhstan Automobile Union, according to Forbes.kz.

The 16.3% decline in automobile production in Kazakhstan in May compared to April indicates a short-term market slowdown, but does not change the overall positive trend in the industry. In the first five months of 2026, automobile production increased by more than a third, confirming the ongoing expansion of production capacity and the strengthening role of mechanical engineering in the country's economy.

At the same time, statistics show that the market is entering a new stage of development. Increased production is no longer accompanied by a similarly rapid increase in sales: new car sales from January to May decreased by 1.8%, and some traditional market leaders, including Hyundai and Geely,]]></description>
		<pubDate>Mon, 29 Jun 2026 22:35:01 +0600</pubDate>
		<link>https://centralasianlight.org/news/kazakhstans-auto-industry-shows-resilience-as-growth-slows/</link>

	<guid>https://centralasianlight.org/news/kazakhstans-auto-industry-shows-resilience-as-growth-slows/</guid>
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		<title>Kyrgyzstan&apos;s Economy Grows 10.1% in First Quarter Amid Rising Prices</title>
		<description><![CDATA[According to preliminary estimates from the National Statistical Committee, Kyrgyzstan's gross domestic product (GDP) in January-March 2026 amounted to 428.6 billion soms (approximately $4.9 billion), a 10.1% increase compared to the same period last year.

The services sector remains the main driver of the economy, accounting for 50.4% of GDP. The share of industry and construction reached 29.4%, an increase compared to the first quarter of 2025. Agriculture accounts for 3.8% of the economy.

GDP per capita increased from 47,800 soms (approximately $546) to 57,800 soms (approximately $660). The average monthly nominal wage increased to 46,731 soms (approximately $534) from 40,348 soms (approximately $461) a year earlier.

Inflation in the first quarter amounted to 10.1%. The most significant price increases were for services, up 13.9%, and for food and non-alcoholic beverages, up 9.9%.

At the same time, foreign trade showed negative dynamics. Imports fell from $2.94 billion to $2.87 billion,]]></description>
		<pubDate>Mon, 29 Jun 2026 17:07:48 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstans-economy-grows-10.1-in-first-quarter-amid-rising-prices/</link>

	<guid>https://centralasianlight.org/news/kyrgyzstans-economy-grows-10.1-in-first-quarter-amid-rising-prices/</guid>
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		<title>Kazakhstan Liberalizes Fuel Imports Amid Supply Diversification and Regional Risks</title>
		<description><![CDATA[Kazakhstan intends to eliminate import duties on fuel from third countries to stimulate supplies to the domestic market. This was announced by Deputy Minister of Trade and Integration Zhanel Kushukova on the sidelines of the Senate.

According to her, the corresponding decision was made within the framework of the Eurasian Economic Commission (EEC). China could become the main potential fuel supplier.

Kazakhstan's decision to eliminate import duties on fuel from third countries reflects the country's desire to increase the flexibility of the domestic market and reduce dependence on a limited number of suppliers. The measure was agreed upon within the framework of the Eurasian Economic Commission and is aimed at stimulating supplies, primarily from China, which is seen as a potential key alternative source of petroleum products.

Despite government claims that the domestic market is fully supplied with gasoline and diesel fuel, the energy balance structure shows vulnerabilities in certain segments,]]></description>
		<pubDate>Thu, 25 Jun 2026 23:40:03 +0600</pubDate>
		<link>https://centralasianlight.org/news/kazakhstan-liberalizes-fuel-imports-amid-supply-diversification-and-regional-risks/</link>

	<guid>https://centralasianlight.org/news/kazakhstan-liberalizes-fuel-imports-amid-supply-diversification-and-regional-risks/</guid>
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		<title>Uzbekistan&apos;s Foreign Exchange Market Demonstrates Resilience Amid Growing Demand</title>
		<description><![CDATA[Since the beginning of the year, Uzbeks have sold over $10 billion to banks, and the total demand for foreign currency from businesses and individuals has reached over $25 billion.

According to the Central Bank of Uzbekistan, the country's foreign exchange market has been highly active. In the first five months of the year, total demand for foreign currency increased by more than 20% compared to the same period last year. The corporate sector was the main driver of this growth, accounting for over 80% of all foreign currency purchases.

At the same time, there has been a significant increase in the supply of foreign currency—by 28.6% year-on-year to $22.3 billion. Notably, households sold over $10 billion to banks, indicating continued significant foreign exchange earnings from migrant workers, export activities, and other external sources of income.

Despite the significant increase in supply and demand, the som exchange rate remained stable, with minimal fluctuations.]]></description>
		<pubDate>Thu, 25 Jun 2026 22:50:30 +0600</pubDate>
		<link>https://centralasianlight.org/news/uzbekistans-foreign-exchange-market-demonstrates-resilience-amid-growing-demand/</link>

	<guid>https://centralasianlight.org/news/uzbekistans-foreign-exchange-market-demonstrates-resilience-amid-growing-demand/</guid>
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		<title>Kyrgyzstan Expands Business Support with $228 for SMEs</title>
		<description><![CDATA[Kyrgyzstan continues to strengthen its position as one of the most dynamic economies in Central Asia, focusing on supporting small and medium-sized enterprises (SMEs). According to government data, 20 billion soms ($228.6 million) were allocated for the development of this sector in the first half of 2026, making it one of the largest state business support programs in the country. This was announced by Daniyar Amangeldiev, First Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan, at the opening of the International Industrial and Investment Expo of the Shanghai Cooperation Organization Member States on June 25, 2026.

Small and medium-sized businesses play a key role in the national economy. This sector provides a significant share of employment, contributes to regional development, stimulates domestic demand, and creates a competitive environment. Given the limited domestic market, SMEs serve as an important driver of economic diversification,]]></description>
		<pubDate>Thu, 25 Jun 2026 21:24:10 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstan-expands-business-support-with-228-for-smes/</link>

	<guid>https://centralasianlight.org/news/kyrgyzstan-expands-business-support-with-228-for-smes/</guid>
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		<title>Tajikistan Strengthens Investment Image Through International Financial Institutions</title>
		<description><![CDATA[(M.K.) The meeting between representatives of the Ministry of Economic Development and Trade of Tajikistan and a mission from the international rating agency Standard &amp; Poor's was more than just a technical discussion of the credit rating; it reflected Dushanbe's broader strategy to strengthen the trust of international financial institutions and expand access to external financing.

Over the past few years, Tajikistan has consistently built cooperation with international financial organizations and rating agencies, viewing them not only as a source of capital but also as a tool for enhancing the country's investment attractiveness. Active engagement with international institutions is particularly important for an economy focused on large-scale infrastructure projects, modernization of the energy and transport sectors, and industrial development.

During the negotiations, the Tajik side emphasized the continuation of sustainable economic growth: by the end of 2025, real GDP growth was 8.4%,]]></description>
		<pubDate>Wed, 24 Jun 2026 18:18:30 +0600</pubDate>
		<link>https://centralasianlight.org/news/tajikistan-strengthens-investment-image-through-international-financial-institutions/</link>

	<guid>https://centralasianlight.org/news/tajikistan-strengthens-investment-image-through-international-financial-institutions/</guid>
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		<title>Kazakhstan to Increase Oil and Coal Exports in 2026</title>
		<description><![CDATA[ASTANA - From January to April 2026, Kazakhstan exported approximately 21.9 million tons of oil, over 10.1 million tons of coal, and 766,600 tons of flour, according to information from the National Statistics Bureau of Kazakhstan, Kazinform reports.

The total volume of crude oil and petroleum products amounted to 28.3 million tons, of which the majority was exported, while 6.4 million tons were consumed domestically. Coal production reached 36.9 million tons, with a significant share also going to the domestic market.

High figures for copper ore (56.8 million tons) and iron ore (18.2 million tons) remained, while asbestos exports amounted to 68,100 tons out of 80,900 tons produced.

At the same time, the country remains dependent on imports in a number of sectors. In particular, more than 5.1 billion cubic meters of natural gas were imported, while diesel fuel imports exceeded 255,000 tons. Sugar and some meat products accounted for a significant share.

At the same time,]]></description>
		<pubDate>Mon, 22 Jun 2026 16:57:56 +0600</pubDate>
		<link>https://centralasianlight.org/news/kazakhstan-to-increase-oil-and-coal-exports-in-2026/</link>

	<guid>https://centralasianlight.org/news/kazakhstan-to-increase-oil-and-coal-exports-in-2026/</guid>
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		<title>Construction Drives Nearly 30% of Kyrgyzstan’s GDP Growth</title>
		<description><![CDATA[BISHKEK - The construction sector was the main driver of Kyrgyzstan's economic growth in January–May 2026, providing the largest contribution to the country's gross domestic product, which reached 12.2%. This data was cited by the Eurasian Development Bank (EDB), Akchabar.kg reports. 

According to the bank's estimates, construction accounted for 3.6 percentage points of overall economic growth. Activity in the sector was supported by the implementation of the state housing program "My Home," the construction of social facilities, and the launch of new small hydroelectric power plants.

Overall, Kyrgyzstan's economy demonstrated steady expansion at the beginning of the year, driven by a combination of investment activity, domestic consumption, and production growth. In addition to construction, the industrial sector made a significant contribution to GDP growth. One of the key drivers was a 12.4% increase in the production of basic metals,]]></description>
		<pubDate>Mon, 22 Jun 2026 16:29:08 +0600</pubDate>
		<link>https://centralasianlight.org/news/construction-drives-nearly-30-of-kyrgyzstans-gdp-growth/</link>

	<guid>https://centralasianlight.org/news/construction-drives-nearly-30-of-kyrgyzstans-gdp-growth/</guid>
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		<title>Kazakhstan Raises Commercial Gas Prices by a Third</title>
		<description><![CDATA[ASTANA - The average price of commercial gas in Kazakhstan will increase by 33% starting July 1, 2026. This was announced by Deputy Minister of Energy Kaiyrkhan Tutkyshbayev at a briefing at the Central Communications Service, Zakon.kz reports.

He stated that the increase is due to the need to prepare for the heating season and modernize the gas infrastructure. However, no further sharp price increases are expected in the near future.

Tutkyshbayev also noted that gas production in the country declined in the first four months of the year due to technical failures at the Tengiz field and several other facilities. However, this did not affect gas supplies to the population.

The Deputy Minister explained that the national operator QazaqGaz was able to cover domestic market needs through transit gas. As a result,]]></description>
		<pubDate>Fri, 19 Jun 2026 19:27:30 +0600</pubDate>
		<link>https://centralasianlight.org/news/kazakhstan-raises-commercial-gas-prices-by-a-third/</link>

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		<title>Turkmenistan attracted $1.38 billion from IDB for 30 projects</title>
		<description><![CDATA[ASHGABAT - The Islamic Development Bank (IsDB) Group has approved financing for projects in Turkmenistan totaling $1.38 billion. The funds are allocated for the implementation of 30 projects in various sectors of the country’s economy, Orient.tm reports.

The amount of support was announced following a meeting between the Chairman of the Board of the State Bank for Foreign Economic Affairs of Turkmenistan, Rahimberdi Dzhepbarov, and the President of the IsDB Group, Muhammad Al-Jasser. The negotiations took place in Baku as part of the 2026 Annual Meeting of the Islamic Development Bank.

During the meeting, the parties discussed the further development of cooperation, paying special attention to the issues of transport integration, expanding trade finance and supporting long-term priorities of the socio-economic development of Turkmenistan. In particular, they discussed the development of regional logistics routes and increasing the interconnectedness of transport infrastructure,]]></description>
		<pubDate>Fri, 19 Jun 2026 17:53:53 +0600</pubDate>
		<link>https://centralasianlight.org/news/turkmenistan-attracted-1.38-billion-from-idb-for-30-projects/</link>

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		<title>Kazakhstan Remains Largest Debtor in Central Asia</title>
		<description><![CDATA[ASTANA - Kazakhstan remains the largest borrower in Central Asia, accounting for over 62% of the region's total external debt, according to Ranking.kz, citing data from the CIS Statistical Committee and the Eurasian Economic Commission.

By the end of 2025, the combined external debt of Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan amounted to $290.8 billion. Of this amount, $181.8 billion is accounted for by Kazakhstan. This figure has grown by 10.4% over the year.

By comparison, Uzbekistan's external debt reached $89.6 billion, Kyrgyzstan's $12.4 billion, and Tajikistan's $6.9 billion.

Meanwhile, Kyrgyzstan's public external debt is approximately $5-6 billion, and Tajikistan's is approximately $3-4 billion, while the total external debt is significantly higher and includes private sector liabilities [note - CAL].

At the same time, Kazakhstan's debt structure differs significantly from that of its neighboring countries.]]></description>
		<pubDate>Thu, 18 Jun 2026 22:32:41 +0600</pubDate>
		<link>https://centralasianlight.org/news/kazakhstan-remains-largest-debtor-in-central-asia/</link>

	<guid>https://centralasianlight.org/news/kazakhstan-remains-largest-debtor-in-central-asia/</guid>
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		<title>Kazakhstan&apos;s Manufacturing Industry Maintained Growth, Reaching $57 Billion</title>
		<description><![CDATA[ASTANA - Industrial production in Kazakhstan from January to May 2026 amounted to 27.9 trillion tenge (over $57 billion), an increase of 2.5% compared to the same period last year, Kazinform reports.

The industrial structure was almost equally divided between two key sectors: mining accounted for 46.1%, and manufacturing accounted for 46.5%. However, manufacturing was the main source of growth, increasing by 9%, while mining declined by 5.2%.

The most dynamic growth in the manufacturing industry was recorded in the production of finished metal products (+46.6%), pharmaceuticals (+26.6%), rubber and plastic products (+24.9%), mechanical engineering (+22.2%), and the food industry (+14.3%). Positive dynamics were also noted in the energy and water supply sectors, where growth ranged from 9% to 12%.

The decline in the mining sector was primarily due to a decrease in oil (-10.2%) and natural gas (-8.7%) production, which had a dampening effect on overall industrial output.

CentralasianLIGHT.org

June 17,]]></description>
		<pubDate>Wed, 17 Jun 2026 19:34:47 +0600</pubDate>
		<link>https://centralasianlight.org/news/kazakhstans-manufacturing-industry-maintained-growth-reaching-57-billion/</link>

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		<title>Tajikistan Accelerates Industrialization: Industrial Output Exceeds $6 Billion</title>
		<description><![CDATA[DUSHANBE - Tajikistan continues to implement its accelerated industrialization strategy and expects to increase the industrial sector's share of gross domestic product to 30% by 2030, according to the State Committee on Investments and State Property Management of Tajikistan, Avesta.tj reports.

Industry remains one of the key drivers of the country's economic growth and the expansion of its export potential. In recent years, the sector has demonstrated steady positive dynamics.

At the end of 2024, industrial production amounted to 53.8 billion somoni (approximately $4.9 billion), an increase of approximately 20% compared to the previous year. In 2025, this figure increased to 66.7 billion somoni (approximately $6.1 billion), with the real growth rate reaching 22.1%. Thus, in just one year, industrial output increased by almost 12.9 billion somoni (approximately $1.2 billion).

The extractive and processing industries contributed primarily to this growth. Last year,]]></description>
		<pubDate>Wed, 17 Jun 2026 18:57:50 +0600</pubDate>
		<link>https://centralasianlight.org/news/tajikistan-accelerates-industrialization-industrial-output-exceeds-6-billion/</link>

	<guid>https://centralasianlight.org/news/tajikistan-accelerates-industrialization-industrial-output-exceeds-6-billion/</guid>
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		<title>Kyrgyzstan Outpaces EAEU Countries in Wage Growth</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan led the Eurasian Economic Union in wage growth in the first quarter of 2026. According to the Eurasian Economic Commission, the average monthly nominal accrued wage in the country reached 46,700 soms, 15.8% higher than the same period last year, Economist.kg reports.

Thus, Kyrgyzstan demonstrated the highest nominal wage growth among the EAEU countries, ahead of Russia, where the figure increased by 15.1%, Belarus (13.2%), Kazakhstan (9.1%), and Armenia (2.9%).

However, after accounting for inflation, the growth rate was more moderate. Real wages in Kyrgyzstan grew by 5.2%, the third highest in the union after Russia (8.7%) and Belarus (7%). At the same time, real wages in Kazakhstan fell by 2.3%, and in Armenia by 1.2%, indicating a decline in purchasing power.

Despite strong income growth, Kyrgyzstan remains the lowest-paying country in the EAEU in absolute terms. In dollar terms, the average monthly wage in the republic was $534. By comparison,]]></description>
		<pubDate>Wed, 17 Jun 2026 18:44:32 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstan-outpaces-eaeu-countries-in-wage-growth/</link>

	<guid>https://centralasianlight.org/news/kyrgyzstan-outpaces-eaeu-countries-in-wage-growth/</guid>
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		<title>IMF Warned of Risks for Kazakh Economy</title>
		<description><![CDATA[The International Monetary Fund forecasts Kazakhstan's GDP growth at 4.6% by the end of 2026, following its mission to the country. The IMF notes that the economy remains resilient thanks to high oil prices, domestic demand, and investment inflows, Forbes.kz reports.

The Fund also expects the country's fiscal balance and external position to improve, with international reserves covering approximately 10 months of imports. Fiscal discipline and improved government spending efficiency are cited as key conditions for curbing inflation.

The IMF highlights rising domestic demand, rising import costs, global uncertainty, tightening financial conditions, and potential disruptions to the Caspian Pipeline Consortium as key risks. At the same time, continued high oil prices and tariff reforms could strengthen financial stability and reduce inflation expectations.

According to the IMF, inflation in Kazakhstan fell from 12.9% in September 2025 to 10.4% in May 2026, but remains significantly above the 5% target.]]></description>
		<pubDate>Tue, 16 Jun 2026 20:10:25 +0600</pubDate>
		<link>https://centralasianlight.org/news/imf-tcarned-of-risks-for-the-kazakh-economy/</link>

	<guid>https://centralasianlight.org/news/imf-tcarned-of-risks-for-the-kazakh-economy/</guid>
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		<title>Copper and Tin Mining to Resume in Penjakent, Tajikistan</title>
		<description><![CDATA[DUSHANBE - Broadtek Tajikistan Mining Investment Limited, a copper and tin mining and processing enterprise, will resume operations in Penjikent, Sughd Region, Tajikistan, after a long hiatus, Avesta.tj reports.

Restoration work is currently underway at the production site, with new equipment being installed, workshops being reconstructed, and infrastructure for employees being repaired. The launch of the first phase of the enterprise is scheduled for the end of 2026.

The project is being implemented with the support of the government of Tajikistan and regional authorities. Its commissioning is expected to create approximately 200 permanent jobs. Plans to restore lead production in Penjikent were previously announced, with the potential for an additional 150 people to be employed following the plant's launch.

The resumption of mining operations reflects a broader trend in the development of Tajikistan's industrial sector. Mining remains a key sector in the country's economy, producing gold, silver,]]></description>
		<pubDate>Tue, 16 Jun 2026 19:31:04 +0600</pubDate>
		<link>https://centralasianlight.org/news/copper-and-tin-mining-to-resume-in-penjakent-tajikistan/</link>

	<guid>https://centralasianlight.org/news/copper-and-tin-mining-to-resume-in-penjakent-tajikistan/</guid>
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		<title>Kyrgyzstan&apos;s Economy Grew by 12.2%, Maintaining its Regional Growth Rate</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan's economy continues to demonstrate high growth rates. From January to May 2026, the country's gross domestic product increased by 12.2% compared to the same period last year, reaching 781.1 billion soms ($9.93 billion), according to preliminary estimates from the National Statistical Committee of Kyrgyzstan, Akchabar.kg reports.

The industrial sector remains a key driver of economic growth. Over the first five months, industrial production increased by 14.4% to 374.4 billion soms. The most notable growth was seen in chemical production, pharmaceuticals, construction materials, petroleum products, and vehicles.

Construction and domestic demand further contributed to the economic expansion. Construction volume increased by 1.6 times, trade grew by 10.4%, and agriculture by 3.7%.

At the same time, the growth in economic activity is accompanied by inflationary pressure. Since the beginning of the year, consumer prices have increased by 4.8%.]]></description>
		<pubDate>Mon, 15 Jun 2026 18:19:14 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstans-economy-grew-by-12.2-maintaining-its-regional-growth-rate/</link>

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		<title>Central Asia Maintains High Growth, Uzbekistan Among Regional Leaders - WB</title>
		<description><![CDATA[The World Bank has raised its economic growth forecast for Uzbekistan in 2026 to 6.4%, despite the general downward trend in forecast revisions, according to its Global Economic Prospects report (June 2026), Uzdaily.uz reports.

Uzbekistan remains one of the most dynamic economies in the region, with growth of 7.7% in 2025 and expected to reach 6.7–6.8% in subsequent years. This forecast upgrade distinguishes the country from the few economies in Europe and Central Asia that have received upgraded estimates amid global instability.

Overall, the Central Asian countries—Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan—are forecast by the World Bank to grow by 5.2% in 2026, significantly higher than the ECA regional average of 2.1%, despite a slowdown compared to 2025.

The report notes that the region faces rising energy prices, external financial constraints, and weak demand in Europe. An additional risk is the potential decline in remittances from Russia,]]></description>
		<pubDate>Fri, 12 Jun 2026 17:52:14 +0600</pubDate>
		<link>https://centralasianlight.org/news/central-asia-maintains-high-growth-uzbekistan-among-regional-leaders-wb/</link>

	<guid>https://centralasianlight.org/news/central-asia-maintains-high-growth-uzbekistan-among-regional-leaders-wb/</guid>
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		<title>EBRD Named Tajikistan One of Most Dynamically Developing Economies in Central Asia</title>
		<description><![CDATA[DUSHANBE - Tajikistan is demonstrating one of the highest rates of investment growth in Central Asia, according to the June release of the European Bank for Reconstruction and Development (EBRD)'s Regional Economic Prospects 2026 report, as reported by the State Committee on Investments and State Property Management of Tajikistan, Avesta.tj reports.

According to the EBRD, in the first quarter of 2026, fixed capital investment in the country increased by 34.2% compared to the same period last year. This figure is one of the highest in the region. By comparison, investment growth in Kyrgyzstan was 25.5%, and in Kazakhstan, 6.4%.

The bank notes that investment activity is supported by large-scale public projects, including the construction of the Rogun Hydroelectric Power Station, industrial development, and the expansion of production capacity.

The growth in investment is accompanied by an increase in industrial production. From January to March 2026, it increased by 29.6%. According to the EBRD,]]></description>
		<pubDate>Thu, 11 Jun 2026 16:57:25 +0600</pubDate>
		<link>https://centralasianlight.org/news/ebrd-named-tajikistan-one-of-most-dynamically-developing-economies-in-central-asia/</link>

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	<item>
		<title>Uzbekistan Accelerates Digitalization of Geology and Implementation of AI in Mining</title>
		<description><![CDATA[TASHKENT - Uzbekistan plans to significantly expand its mineral resource base over the next five years: gold reserves by 879 tons, silver by 510 tons, and copper by 676,000 tons. By 2030, the industry is also expected to attract approximately $30 billion in foreign and domestic investment aimed at modernizing geological exploration and production, Gazeta.uz reports.

To achieve these goals, the plan's developers propose creating a National Geological Database and a Technological Transformation Center of Uzbekistan. More than 36,000 archival reports and primary materials are planned to be converted into electronic format. This will improve the quality of information processing, accelerate data analysis, and improve the accuracy of deposit modeling.

Special attention is being paid to the implementation of artificial intelligence technologies. AI is expected to enable faster analysis of geological data, improve deposit forecasting, and increase the efficiency of geological exploration. As a result,]]></description>
		<pubDate>Wed, 10 Jun 2026 19:19:50 +0600</pubDate>
		<link>https://centralasianlight.org/news/uzbekistan-accelerates-digitalization-of-geology-and-implementation-of-ai-in-mining/</link>

	<guid>https://centralasianlight.org/news/uzbekistan-accelerates-digitalization-of-geology-and-implementation-of-ai-in-mining/</guid>
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	<item>
		<title>Tajikistan Retains High, Yet Untapped Hydropower Potential</title>
		<description><![CDATA[DUSHANBE - Tajikistan possesses the largest hydropower potential in Central Asia, a significant portion of which remains untapped, according to the State Committee on Investments and State Property Management, Avesta.tj reports.

The country's estimated annual hydropower potential is approximately 527 billion kWh. Tajikistan accounts for approximately 60% of Central Asia's water resources, making it one of the world's leaders in hydropower. However, only about 5% of this potential is currently being exploited.

Besides hydropower, the country has significant potential in renewable energy. Solar energy potential is estimated at 369,600 MW, and wind energy at 4,485 MW, but these areas are in the early stages of development.

Currently, approximately 98% of Tajikistan's electricity is generated from renewable sources. In accordance with the national strategy,]]></description>
		<pubDate>Wed, 10 Jun 2026 19:05:48 +0600</pubDate>
		<link>https://centralasianlight.org/news/tajikistan-retains-high-yet-untapped-hydropower-potential/</link>

	<guid>https://centralasianlight.org/news/tajikistan-retains-high-yet-untapped-hydropower-potential/</guid>
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	<item>
		<title>State Assets of Kyrgyzstan Increased by Almost $700 mln</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan's state assets increased by more than 61 billion soms ($700 million) after revising public sector financial statements. This was reported by the Accounts Chamber of Kyrgyzstan in a report submitted to the Zhogorku Kenesh (Parliament), Akchabar.kg reports.

During an audit conducted in 2025, specialists discovered that the state's overall financial statements failed to account for the net assets of several large state-owned enterprises. As a result, some state property was not reflected in official data.

To rectify the situation, the Accounts Chamber, together with the Ministry of Finance, reviewed and adjusted the financial statements. All identified inaccuracies were corrected.

After the revisions, the volume of state assets reflected in the consolidated financial statements increased by 61 billion 158.5 million soms.

According to the Accounts Chamber, the work carried out has allowed for a more accurate presentation of the state's financial position,]]></description>
		<pubDate>Wed, 10 Jun 2026 18:40:32 +0600</pubDate>
		<link>https://centralasianlight.org/news/state-assets-increased-by-almost-700-mln/</link>

	<guid>https://centralasianlight.org/news/state-assets-increased-by-almost-700-mln/</guid>
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	<item>
		<title>Goldman Sachs Raises Kazakhstan&apos;s Economic Growth Forecast for 2026</title>
		<description><![CDATA[ASTANA - Investment bank Goldman Sachs has upgraded its 2026 economic forecast for Kazakhstan, expecting higher GDP growth, slower inflation, and improved foreign trade indicators, Zakon.kz reports.

The key reason for the forecast revision was an increase in the expected average price of Brent crude oil from $66.3 to $90.1 per barrel. The bank attributes this to ongoing risks to supplies through the Strait of Hormuz and a slower recovery in oil production in the Middle East.

Against the backdrop of a more favorable environment, analysts have raised their forecast for Kazakhstan's economic growth from 3.5-4.5% to 4.5-5.5%. The bank estimates that increased oil revenues will increase export earnings, foreign exchange earnings, and budget revenues.

At the same time, Goldman Sachs upgraded its inflation forecast, lowering the expected range from 9.5-11.5% to 9-11%.]]></description>
		<pubDate>Tue, 09 Jun 2026 18:22:39 +0600</pubDate>
		<link>https://centralasianlight.org/news/goldman-sachs-raises-kazakhstans-economic-growth-forecast-for-2026/</link>

	<guid>https://centralasianlight.org/news/goldman-sachs-raises-kazakhstans-economic-growth-forecast-for-2026/</guid>
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	<item>
		<title>Kazakhstan and South Korea Strengthen Cooperation in Energy and Petrochemicals</title>
		<description><![CDATA[ASTANA - Kazakhstan and South Korea continue to strengthen their energy partnership, focusing on investment, technological modernization, and the development of the petrochemical industry. This was announced by Kazakhstan's Vice Minister of Energy Sanzhar Zharkeshov at the 11th meeting of the Kazakh-Korean Joint Commission on Trade, Economic, Scientific, and Technical Cooperation, Kazinform reports.

According to him, energy cooperation remains a key area of ​​bilateral relations. KazMunayGas and the Korean National Oil Corporation (KNOC) continue to jointly develop oil fields, ensuring supplies to the domestic market and exports. In 2025, oil supplies to the domestic market amounted to approximately 420,000 tons.

Exports to South Korea account for a significant share, fluctuating in recent years: 5.754 million tons in 2022, 5.535 million tons in 2023, 1.723 million tons in 2024, and 1.456 million tons in 2025.

Kazakhstan's commitment to developing the petrochemical industry and producing high-value-]]></description>
		<pubDate>Mon, 08 Jun 2026 18:55:15 +0600</pubDate>
		<link>https://centralasianlight.org/news/kazakhstan-and-south-korea-strengthen-cooperation-in-energy-and-petrochemicals/</link>

	<guid>https://centralasianlight.org/news/kazakhstan-and-south-korea-strengthen-cooperation-in-energy-and-petrochemicals/</guid>
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	<item>
		<title>In Uzbekistan, Despite an Increase in Gold Reserves, Total Value Decreased</title>
		<description><![CDATA[TASHKENT - Uzbekistan's gold and foreign exchange reserves decreased by $307.2 million as of June 1, from $70.89 billion to $70.58 billion, according to Central Bank data. This decline followed an increase in April, Gazeta.uz reports.

Foreign exchange reserves decreased in May from $8.72 billion to $8.57 billion. The value of gold in the reserves structure decreased by $156 million, to $61.4 billion, despite an increase in the physical volume of gold by 280,000 troy ounces (approximately 8.7 tons), reaching a record 13.6 million ounces (approximately 423 tons).

According to the regulator, the fall in the gold price from $4,625.8 to $4,516.85 per ounce (-2.6%) reduced the value of the reserves by approximately $1.5 billion. In previous months, however, the impact of prices was mixed: in December and January, rising prices increased reserves, while in March,]]></description>
		<pubDate>Mon, 08 Jun 2026 18:46:39 +0600</pubDate>
		<link>https://centralasianlight.org/news/in-uzbekistan-despite-an-increase-in-gold-reserves-total-value-decreased/</link>

	<guid>https://centralasianlight.org/news/in-uzbekistan-despite-an-increase-in-gold-reserves-total-value-decreased/</guid>
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	<item>
		<title>Kyrgyzstan&apos;s Initiative to Create a Textile Cluster Received Support from SCO Countries</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan's initiative to create a unified textile cluster of Shanghai Cooperation Organization member states received unanimous support from participants in the SCO Industry Ministers' Meeting, which concluded in Cholpon-Ata, according to the Kyrgyz Ministry of Economy and Commerce, 24.kg reports.

The proposal envisages the development of a draft intergovernmental agreement aimed at developing industrial cooperation, expanding textile trade, and strengthening technological cooperation between the organization's member states.

Bakyt Sydykov, Deputy Prime Minister and Minister of Economy and Commerce of Kyrgyzstan, noted that industrial cooperation within the SCO is reaching a new level and opening up opportunities for joint projects, technology exchange, and the development of logistics infrastructure.

Following the meeting, the parties agreed to intensify cooperation between industrial parks and special economic zones, expand the exchange of advanced technologies,]]></description>
		<pubDate>Mon, 08 Jun 2026 18:07:35 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstans-initiative-to-create-a-textile-cluster-received-support-from-sco-countries/</link>

	<guid>https://centralasianlight.org/news/kyrgyzstans-initiative-to-create-a-textile-cluster-received-support-from-sco-countries/</guid>
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	<item>
		<title>Economist Named Kazakhstan one of Most Comfortable Countries in Region for Business</title>
		<description><![CDATA[ASTANA – Kazakhstan maintains a more favorable environment for small and medium-sized businesses than Uzbekistan, despite ongoing discussions about tax reform. This opinion was expressed by Kazakh economist Aidarkhan Kusainov, according to Kursiv.kz.

According to him, the tax burden on entrepreneurs in Kazakhstan remains lower than in neighboring Uzbekistan, and the administrative system is characterized by greater digitalization, faster payments, and less bureaucratic pressure.

The expert noted that even after the liberalization of Uzbekistan's tax legislation, conditions for small businesses there remain more stringent. Specifically, Uzbekistan has a simplified VAT rate of 6%, while in Kazakhstan the turnover tax for small businesses is 4% and can be reduced to 2% at the regional level.

Kusainov also noted the significant difference in the thresholds for transitioning to the general tax regime: approximately 200 million tenge in Uzbekistan versus approximately 2.5 billion tenge in]]></description>
		<pubDate>Thu, 04 Jun 2026 18:27:08 +0600</pubDate>
		<link>https://centralasianlight.org/news/economist-named-kazakhstan-one-of-most-comfortable-countries-in-region-for-business/</link>

	<guid>https://centralasianlight.org/news/economist-named-kazakhstan-one-of-most-comfortable-countries-in-region-for-business/</guid>
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	<item>
		<title>Uzbekistan Doubled Gasoline Imports to $327 Million</title>
		<description><![CDATA[TASHKENT - From January to April 2026, gasoline imports into Uzbekistan nearly doubled compared to the same period in 2025, according to data from the country's Customs Committee, Daryo.uz reports.

In the first four months of this year, 568,700 tons of gasoline worth $327.1 million were imported into the country. The average price was approximately $575 per ton. A year earlier, imports reached 280,700 tons worth $163.6 million.

At the same time, domestic fuel production in Uzbekistan is growing. From January to April, 417,500 tons of gasoline were produced, 7% (or 27,500 tons) more than a year earlier, according to the Statistics Committee.

The significant increase in imports is explained by both growing domestic demand and the restructuring of the petroleum products market. As of September 2025, the country will cease production and exchange trading of AI-80 gasoline. Uzbekneftegaz announces a gradual transition to the production of the higher-octane AI-92 gasoline,]]></description>
		<pubDate>Wed, 03 Jun 2026 20:39:02 +0600</pubDate>
		<link>https://centralasianlight.org/news/uzbekistan-doubled-gasoline-imports-to-327-million/</link>

	<guid>https://centralasianlight.org/news/uzbekistan-doubled-gasoline-imports-to-327-million/</guid>
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