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	<title>Last news - Сentralasianlight.org</title>
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	<description>Economy</description>
	<pubDate>Fri, 12 Jun 2026 21:04:17 +0600</pubDate>
	<copyright>centralasianlight.org</copyright>
	<ttl>60</ttl>
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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>

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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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		<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>

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		<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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		<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>

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		<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>

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		<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>

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		<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>

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		<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>

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		<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>

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		<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>

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		<title>National Bank of Tajikistan and IMF are strengthening cooperation in financial risk management</title>
		<description><![CDATA[DUSHANBE - The management of the National Bank of Tajikistan (NBT) met with a delegation of International Monetary Fund (IMF) experts to discuss further cooperation in risk management and strengthening the resilience of the country's financial system, Avesta.tj reports.

The talks focused on assessing the current regulatory framework and risk management practices at the National Bank. Participants discussed improving the NBT's Risk Management Policy, developing an operational risk management system, and implementing modern tools for monitoring and controlling potential threats.

One of the key topics was the development of a risk appetite framework, which allows for determining the acceptable level of risk when making management decisions. Furthermore, the development of key operational risk indicators (KRIs) designed to promptly identify problems and improve the effectiveness of internal controls was discussed.

The parties also exchanged views on minimizing the impact of potential risks on the central]]></description>
		<pubDate>Wed, 03 Jun 2026 19:24:33 +0600</pubDate>
		<link>https://centralasianlight.org/news/national-bank-of-tajikistan-and-imf-are-strengthening-cooperation-in-financial-risk-management/</link>

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		<title>Dollar Use Declines in Kyrgyzstan</title>
		<description><![CDATA[BISHKEK - The downward trend in dollarization in the banking sector in Kyrgyzstan continues. According to the National Bank of Kyrgyzstan, by the end of March 2026, the share of foreign currency loans had fallen to 18%, while the share of foreign currency deposits had decreased to 31.3%, reports Akchabar.kg.

The most noticeable changes occurred in the structure of deposits. Since the beginning of the year, the level of deposit dollarization has decreased from 34.8% to 31.3%, indicating growing public and business confidence in the national currency and an increase in savings in soms.

The decline in the loan portfolio was less pronounced. The share of foreign currency loans in the first three months of the year decreased by 0.3 percentage points to 18%.

At the same time, the banking sector has demonstrated steady growth in key indicators. Customer deposits reached 916.5 billion soms ($10.5 billion), an increase of 50.3 billion soms, or 5.8%, year-to-date. For comparison,]]></description>
		<pubDate>Wed, 03 Jun 2026 18:58:02 +0600</pubDate>
		<link>https://centralasianlight.org/news/dollar-use-declines-in-kyrgyzstan/</link>

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		<title>Kazakhstan Links Oil Export Duties to Global Prices</title>
		<description><![CDATA[ASTANA - The government of Kazakhstan has approved a new procedure for calculating export customs duties on oil, petroleum products, and a number of strategic commodities. A key innovation will be linking the rates to global oil prices, Inbusiness.kz reports.

According to the approved rules, if the price of oil falls below $25 per barrel, the export duty will be zero. A basic calculation formula will apply between $25 and $105 per barrel, and above $105, a progressive scale will apply. Thus, at a price of $105–$115 per barrel, the rate will be $115 per ton, and at prices above $185, the state will levy $236 per ton of oil exported.

Duties will be calculated based on average global prices for the period from the 20th of the month before last to the 20th of the previous month. Customs authorities are responsible for publishing current rates, updating the data monthly by the 28th.

At the same time,]]></description>
		<pubDate>Tue, 02 Jun 2026 18:10:17 +0600</pubDate>
		<link>https://centralasianlight.org/news/kazakhstan-links-oil-export-duties-to-global-prices/</link>

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		<title>Uzbekistan Reduces Gas and Coal Production Amid Structural Changes in Energy Sector</title>
		<description><![CDATA[TASHKENT - According to data from the National Statistics Committee, Uzbekistan's natural gas production in April amounted to approximately 3 billion cubic meters, Gazeta.uz reports.

This is 18.8% (almost 700 million cubic meters) less than in April of last year. The decline has accelerated since the end of 2025. In January-April, gas production amounted to approximately 12.6 billion cubic meters, 16% lower than the same period last year and 8.2 billion cubic meters less than in 2019.

At the same time, approximately 65-70% of the country's electricity is still generated by gas, although its share is gradually declining. The Ministry of Energy notes that the decline in production was expected, and the priority is to stabilize volumes.

Electricity production from January-April increased by 3.1% to 29.9 billion kWh, but decreased by 6% in April. Output at large generating plants fell by 6.2%, while small plants, including renewable energy sources, increased output by 31.7% to 9.3 billion kWh.]]></description>
		<pubDate>Mon, 01 Jun 2026 19:51:50 +0600</pubDate>
		<link>https://centralasianlight.org/news/uzbekistan-reduces-gas-and-coal-production-amid-structural-changes-in-energy-sector/</link>

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		<title>Kazakhstan&apos;s Budget Revenues for First Five Months of 2026 Exceeded Plan</title>
		<description><![CDATA[ASTANA - Kazakhstan's state budget execution exceeded planned targets for January–May 2026, Zakon.kz reports, citing the Ministry of Finance.

Over the five months, the budget received over 11.4 trillion tenge ($23.2 billion), 16% higher than the same period in 2025. Republican budget revenues amounted to 7.41 trillion tenge, compared to the planned 7.34 trillion tenge, achieving 100.9% execution. Compared to last year, they increased by 25.1%, or 1.48 trillion tenge. Revenues to local budgets increased to 4.05 trillion tenge, 2.4% higher than the previous year.

Tax revenues account for 97.7% of the republican budget's revenue structure. The tax plan was 100.5% fulfilled, with an increase of over 30%. The main contributors were value-added tax, corporate income tax, mineral extraction tax, and export customs duty on crude oil.

The Ministry of Finance emphasizes that the positive trend is due to favorable pricing conditions in global commodity markets, increased economic activity,]]></description>
		<pubDate>Mon, 01 Jun 2026 18:39:46 +0600</pubDate>
		<link>https://centralasianlight.org/news/kazakhstans-budget-revenues-for-first-five-months-of-2026-exceeded-plan/</link>

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		<title>Kyrgyzstan&apos;s Industry Aims to Produce over $19 Billion Worth of Goods by 2030</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan's industrial sector continues to be a key driver of economic growth. Over the past six years, industrial production has increased more than 2.5-fold, from 325.1 billion soms (approximately $3.7 billion) in 2020 to 799.7 billion soms (approximately $9.1 billion) in 2025. By 2030, authorities expect to increase this figure to 1.67 trillion soms, equivalent to approximately $19 billion.

According to Akim Nasirov, a representative of the Ministry of Economy and Commerce, the positive trend will continue in 2026. The industrial production index for January–December 2025 was 110.6%, and in the first four months of 2026, growth accelerated to 114.7%, reports Akchabar.kg.

Moreover, industry growth is not solely due to the country's largest gold mining enterprise, the Kumtor mine. Excluding Kumtor, industrial production increased by 19.9% ​​in January–April 2026, reflecting expanded activity in the processing industry, construction materials production, light industry,]]></description>
		<pubDate>Fri, 29 May 2026 18:14:53 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstans-industry-aims-to-produce-over-19-billion-worth-of-goods-by-2030/</link>

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		<title>Uzbekistan Resumes Gold Sales After Six-Month Hiatus</title>
		<description><![CDATA[TASHKENT - After a six-month hiatus, Uzbekistan has resumed gold sales on the international market, using one of the largest gold reserves in Central Asia to support export revenues and currency stability, Daryo.uz reports.

According to the Statistics Committee of Uzbekistan, the country exported more than $1.5 billion in gold in April 2026. This marked the first major shipment of precious metals since September 2025, when exports totaled $1.47 billion.

Despite the resumption of sales, total gold exports for January–April 2026 were almost four times lower than the same period last year—$1.5 billion versus $5.48 billion. Against this backdrop, the country's foreign trade deficit sharply increased—from $930 million to $6.38 billion.

At the same time, Uzbekistan maintains significant gold and foreign exchange reserves, the bulk of which traditionally consist of precious metals. Thanks to its large gold assets,]]></description>
		<pubDate>Wed, 27 May 2026 20:26:15 +0600</pubDate>
		<link>https://centralasianlight.org/news/uzbekistan-resumes-gold-sales-after-six-month-hiatus/</link>

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		<title>Uzbekistan Eases Tax Requirements for Foreign Investors</title>
		<description><![CDATA[TASHKENT - Uzbekistan continues its path to becoming one of the most attractive financial and business hubs in Central Asia.

Uzbek authorities have officially approved a procedure for granting foreign citizens a special tax regime that provides for an exemption from personal income tax on profits earned outside the country, according to a statement from the government press service.

The new system will come into effect on January 1, 2026, and is considered part of a larger strategy to attract wealthy foreigners, investors, entrepreneurs, IT specialists, and international financial residents.

According to the regulations, foreign citizens will be able to obtain this special tax status upon fulfilling a number of conditions.

One of the key requirements will be the payment of a special government fee of $50,000.

In addition,]]></description>
		<pubDate>Mon, 25 May 2026 18:40:17 +0600</pubDate>
		<link>https://centralasianlight.org/news/uzbekistan-eases-tax-requirements-for-foreign-investors/</link>

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		<title>KTZ&apos;s revenue in 2025 exceeded 2.7 trillion tenge</title>
		<description><![CDATA[ASTANA - Kazakhstan's railway industry closed 2025 with significant growth in key performance and financial indicators. The operational freight turnover of JSC NC Kazakhstan Temir Zholy (KTZ) reached 291 billion tonne-kilometers, a 9% increase compared to the previous year, Kazinform reports.

KTZ Chairman of the Board, Talgat Aldybergenov, announced this at a meeting of the Foundation's Public Council. He noted that the total volume of freight carried on the railway network amounted to 320 million tonnes, while transit traffic increased by 13%, reaching 33 million tonnes.

The head of Kazakhstan's national carrier emphasized that rail transport continues to play a key role in the country's economy, accounting for approximately 62% of total freight turnover and 18% of passenger traffic in Kazakhstan.

The company's financial results also demonstrated positive dynamics. At the end of the year, KTZ's revenue amounted to 2.761 trillion tenge ($5.74 million), and net profit reached 340 billion tenge,]]></description>
		<pubDate>Mon, 25 May 2026 18:06:15 +0600</pubDate>
		<link>https://centralasianlight.org/news/ktzs-revenue-in-2025-exceeded-2.7-trillion-tenge/</link>

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		<title>Tajikistan Strengthens Dialogue with Global Investors</title>
		<description><![CDATA[DUSHANBE - Representatives of leading international financial institutions held talks in Dushanbe with the leadership of the State Committee on Investments and State Property Management of Tajikistan to discuss expanding investment cooperation and attracting foreign capital to the country's economy, Avesta.tj reports.

Committee Chairman Sulton Rahimzoda briefed the meeting participants on key areas of economic reforms being implemented in Tajikistan, as well as measures to improve the business climate and support the private sector. Particular attention was paid to opportunities for foreign investors and prospects for participation in major investment projects.

The parties discussed financial market development, investment attraction mechanisms, and prospects for cooperation in areas such as energy, industry, infrastructure, digital technologies,]]></description>
		<pubDate>Mon, 25 May 2026 17:04:03 +0600</pubDate>
		<link>https://centralasianlight.org/news/tajikistan-strengthens-dialogue-with-global-investors/</link>

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		<title>Kyrgyzstan Exports More Coal to Uzbekistan</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan reduced its purchases of imported coal by 81.4%, but increased its lignite exports by 67.5%. Uzbekistan remains the main buyer of Kyrgyz coal, according to data from the National Statistical Committee of Kyrgyzstan, 24.kg reports.

From January to March 2026, Kyrgyzstan exported 294,048.6 tons of coal worth 1 billion 241.4 million soms ($14.2 million). Shipment volumes decreased by 1.2%, but revenues increased by 4.7%. Uzbekistan remains the main importer, with Kyrgyz companies shipping 277,377 tons of coal.

At the same time, brown coal (lignite) exports increased by 67.5%, reaching 166,440.3 tons. The total value of these exports was 799,388,000 soms ($9.14 million).

The National Statistical Committee identified the following as the main buyers:


	Uzbekistan — 124,110.7 tons;
	Tajikistan — 31,703.5 tons;
	China — 10,187.7 tons.


Export volumes to China represent a small share, but the Cabinet of Ministers of Kyrgyzstan expects them to grow exponentially.]]></description>
		<pubDate>Mon, 25 May 2026 16:31:12 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstan-exports-more-coal-to-uzbekistan/</link>

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		<title>Kyrgyzstan Aims to Reduce Its Dependence on Imported Energy</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan will invest $450 million in the construction of a new oil refinery, which should significantly reduce the country's dependence on imported fuels and lubricants. This was announced by First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev, Knews.kg reports.

The new, modern refinery will be built on the premises of Kyrgyzneftegaz OJSC. Its design capacity will be 450,000 tons of petroleum products per year, and commissioning is scheduled for 2027. According to Amangeldiev, the project will fully satisfy the domestic market with basic fuels and create a strategic fuel and lubricant reserve for up to 4.5 months.

Currently, Kyrgyzstan remains dependent on external supplies of petroleum products. The bulk of gasoline, diesel fuel, and other fuels and lubricants are imported from Russia, which provides the republic with duty-free supplies under intergovernmental agreements. According to various estimates,]]></description>
		<pubDate>Fri, 22 May 2026 19:11:34 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstan-aims-to-reduce-its-dependence-on-imported-energy/</link>

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		<title>Kyrgyzstan&apos;s Economy&apos;s Energy Intensity Has Almost Halved in Six Years</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan's economy has become significantly more energy-efficient in recent years, according to data from the National Statistical Committee of Kyrgyzstan, Akchabar.kg reports.

From 2019 to 2024, Kyrgyzstan significantly reduced the amount of fuel and energy required to produce goods and services.

According to statistics, while six years ago, the production of goods and services worth 1 million soms required 20.5 tons of standard fuel, by 2024 this figure had dropped to 10.1 tons. Thus, the economy's energy intensity has been nearly halved, indicating increased production efficiency.

The most noticeable changes have occurred in the industrial sector. In the extractive industry, the figure has decreased from 23.6 to 9.2 tons of standard fuel per 1 million soms of output. This is due to the upgrading of production equipment, the introduction of modern technologies, and increased resource efficiency.

Positive trends have also been noted in agriculture. Over this period,]]></description>
		<pubDate>Wed, 20 May 2026 18:14:57 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstans-economys-energy-intensity-has-almost-halved-in-six-years/</link>

	<guid>https://centralasianlight.org/news/kyrgyzstans-economys-energy-intensity-has-almost-halved-in-six-years/</guid>
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		<title>Kyrgyzstan&apos;s International Reserves Decline for First Time in Three Years</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan's international reserves are declining steadily for the first time since May 2023. According to the National Bank of Kyrgyzstan, their volume stood at $8.64 billion at the end of April 2026, representing a decline of more than $1.5 billion from the all-time high of $10.18 billion in January, Akchabar.kg reports.

The dynamics show that the decline has continued for the third consecutive month: in February, reserves fell to $9.63 billion, in March to $8.69 billion, and in April, they reached their current level. The decline was particularly noticeable in February and March, when the bulk of the decline in accumulated reserves was reversed.

Economists attribute this correction to several obvious factors. First, the National Bank of the Kyrgyz Republic's currency interventions to maintain the stability of the som exchange rate amid rising demand for foreign currency may have played a significant role. In the context of active imports and seasonal settlements on foreign trade contracts,]]></description>
		<pubDate>Tue, 19 May 2026 18:46:09 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstans-international-reserves-decline-for-first-time-in-three-years/</link>

	<guid>https://centralasianlight.org/news/kyrgyzstans-international-reserves-decline-for-first-time-in-three-years/</guid>
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		<title>Kyrgyzstan Stopped Borrowing to Support Budget</title>
		<description><![CDATA[BISHKEK - Kyrgyzstan no longer uses external loans to cover budget deficits, social spending, and wage payments. This was announced by Deputy Prime Minister Daniyar Amangeldiev during a meeting with journalists as part of the "Open Cabinet" project, Akchabar.kg reports.

According to him, government borrowing is now directed only toward projects in the real sector of the economy that can generate economic returns. Previously, the country periodically used external loans to support the budget, but this practice has been discontinued.

The basis for this decision was high rates of economic growth. According to the National Statistical Committee of Kyrgyzstan, the country's GDP amounted to 602.8 billion soms in January-April 2026, an increase of 12.4%. This growth was primarily driven by industry, construction, and processing.

According to Amangeldiev, current macroeconomic indicators allow Kyrgyzstan to maintain access to external financing,]]></description>
		<pubDate>Mon, 18 May 2026 16:55:31 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstan-stopped-borrowing-to-support-budget/</link>

	<guid>https://centralasianlight.org/news/kyrgyzstan-stopped-borrowing-to-support-budget/</guid>
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		<title>Uzbekistan&apos;s Trade Turnover With OTS Countries Grown to $10.8 Billion</title>
		<description><![CDATA[Uzbekistan has increased trade with the Organization of Turkic States (OTG) to $10.8 billion by the end of 2025, 2.7 times higher than in 2017, Uza.uz reports.

According to data presented at the OTG summit, the combined nominal GDP of the OTG member states reached $2.3 trillion, and their total foreign trade turnover exceeded $1.2 trillion. The OTG countries account for approximately 2% of the global economy.

Kazakhstan remains Uzbekistan's main trading partner within the OTG, accounting for 46% of trade turnover, or approximately $5 billion. Turkey ranks second with $3 billion, followed by Turkmenistan and Kyrgyzstan, with $1.2 billion each.

Uzbekistan's exports to the OTG member states increased 1.8-fold during this period, reaching $3.8 billion, while imports increased 3.8-fold, reaching $7 billion. These exports primarily consist of industrial and food products, machinery, equipment,]]></description>
		<pubDate>Fri, 15 May 2026 20:10:57 +0600</pubDate>
		<link>https://centralasianlight.org/news/uzbekistans-trade-turnover-with-ots-countries-grown-to-10.8-billion/</link>

	<guid>https://centralasianlight.org/news/uzbekistans-trade-turnover-with-ots-countries-grown-to-10.8-billion/</guid>
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		<title>In Kyrgyzstan, Share of Reinvestment in Economy Increased to 66.7%</title>
		<description><![CDATA[BISHKEK - Foreign direct investment in Kyrgyzstan in 2025 totaled $950.4 million, down from $1 billion the previous year. However, the structure of investment has changed significantly: foreign capital has been more actively directed toward the extractive industries and communications, Economist.kg reports.

The most significant growth was recorded in mining, according to a report from the National Statistical Committee of Kyrgyzstan. Investment in this sector more than doubled, from $109.7 million to $226.7 million. The industry's share of total investment increased from 10.6% to 23.9%.

Manufacturing remains the largest investor destination. The sector attracted $317.8 million, representing 33.5% of total direct investment, although slightly below the 2024 level.

A significant decline was noted in trade. Investments in wholesale and retail trade, as well as automobile and motorcycle repair, decreased from $256.4 million to $95.4 million, reducing their share to 10%.

At the same time,]]></description>
		<pubDate>Tue, 12 May 2026 18:48:11 +0600</pubDate>
		<link>https://centralasianlight.org/news/in-kyrgyzstan-share-of-reinvestment-in-economy-increased-to-66.7/</link>

	<guid>https://centralasianlight.org/news/in-kyrgyzstan-share-of-reinvestment-in-economy-increased-to-66.7/</guid>
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		<title>Electric Vehicle Imports to Uzbekistan Quadrupled</title>
		<description><![CDATA[From January to April 2026, Uzbekistan imported 23,079 electric vehicles. According to the country's Customs Committee, the total value of imported vehicles was $309.3 million. Thus, the average cost of one electric vehicle was approximately $13,400, Daryo.uz reports.

By comparison, during the same period in 2025, 5,863 electric vehicles worth $88.5 million were imported into the country. Over the course of the year, import volumes increased almost fourfold.

Electric vehicle imports declined sharply in early 2025. Thus, in the first four months of 2024, more than 17,000 electric vehicles were imported into the country, a threefold increase compared to January to April 2025.

Passenger car production is also growing in Uzbekistan. For example, in 2025, 257,800 passenger cars were produced in the country—36,700 more than in 2024.

The "Uzbekistan 2030" strategy aims to increase this figure to 1 million vehicles over the next five years. Specifically, production is planned for 550,000 vehicles in 2027,]]></description>
		<pubDate>Mon, 11 May 2026 20:16:41 +0600</pubDate>
		<link>https://centralasianlight.org/news/electric-vehicle-imports-to-uzbekistan-quadrupled/</link>

	<guid>https://centralasianlight.org/news/electric-vehicle-imports-to-uzbekistan-quadrupled/</guid>
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		<title>Kyrgyzstan&apos;s External Debt to GDP Ratio Significantly Decreased</title>
		<description><![CDATA[BISHKEK - By the end of 2025, Kyrgyzstan's total public debt, including external and internal debt, amounted to 39.45% of the gross domestic product. This was stated in the report on the execution of the national budget submitted to the country's parliament, 24.kg reports.

According to the document, the ratio of external public debt to GDP at the end of the year was 23.64%.

Kyrgyz authorities also reported a reduction in external debt servicing expenses. In 2025, 1.2 billion soms ($13.8 million) less were allocated for these purposes than forecast. These savings are due to reduced payments on principal, interest, and other obligations.

The Kyrgyz Ministry of Finance noted that debt servicing indicators were affected by exchange rate fluctuations and changes in actual liabilities on existing loans.

The plan for external debt servicing was fulfilled at 97.4%, while the plan for domestic debt servicing was fulfilled at 99.7%. Overall,]]></description>
		<pubDate>Mon, 11 May 2026 18:41:50 +0600</pubDate>
		<link>https://centralasianlight.org/news/kyrgyzstans-external-debt-to-gdp-ratio-significantly-decreased/</link>

	<guid>https://centralasianlight.org/news/kyrgyzstans-external-debt-to-gdp-ratio-significantly-decreased/</guid>
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