Central Asia receives nearly 57% of all Asian investments, totaling US $68 billion. The key recipients are Kazakhstan, Uzbekistan, and Turkmenistan. This was stated in the Eurasian Development Bank (EDB) report titled "The Eurasian Region and Partner Countries in Asia: Analysis of Investment Flows Based on EDB Mutual Investment Monitoring." According to the report, the … [Read more...]
The Global E-Commerce Landscape: Trends, Growth, and Opportunities
Global E-Commerce Market Volume and Growth In 2024, the global e-commerce market has reached an impressive milestone, with total sales volumes estimated at approximately $6.3 trillion. This represents a year-over-year increase of around 9.4% from 2023, demonstrating the continued robust growth of online retail and digital commerce platforms. The steady expansion reflects the … [Read more...]
INTERVIEW: Central Asia to grow by diversifying, says EDB chairman
Central Asia’s economic story is one of impressive growth, but to sustain this trajectory and achieve sustainable, long-term development, the region must diversify beyond its raw material sectors. According to Nikolai Podguzov, chairman of the board of the Eurasian Development Bank (EDB), which has invested in a broad range of sectors in the region, while Central Asia has … [Read more...]
Is the US Dollar heading toward collapse? – Part One
Tariq Saeedi Is the US Dollar heading toward collapse? --- For some it is an ardent desire and for others it is a worrisome possibility. The fact is the greenback has lately been in troubled waters. However, as of now, its collapse is more of a theoretical inference. What happens to the dollar and what the dollar does to itself, is a matter where the analysts generally … [Read more...]
Central Asia has high level of self-sufficiency in food products
The latest data from the Eurasian Development Bank (EDB) shows that the Central Asian countries have a high level of self-sufficiency in most food products. Nevertheless, the bank notes that there is the shortage of certain types of products. A short report by Kazinform, citing the data from the EDB gives the following picture : The level of self-sufficiency in most … [Read more...]
Turkmenistan and Uzbekistan could make efforts to link the transport systems of Central Asia, China, Europe, the Middle East, says President Serdar Berdimuhamedov
Turkmenistan and Uzbekistan could make efforts to create the necessary conditions for the linking the transport systems of Central Asia, China, Europe, the Middle East, President of Turkmenistan Serdar Berdimuhamedov said during a meeting with President of Uzbekistan Shavkat Mirziyoyev in Astana, Friday, 9 August. In this regard, the relevance of the … [Read more...]
Kyrgyzstan hosted Turkic Business and Investment Forum
The Business and Investment Forum of the Turkic states was held on 27 June 2024 in Issyk-Kul. The event was organized in close partnership by the Secretariat of the Organization of Turkic States (OTS) with the Union of Turkic Chambers and Commerce and Industry (TCCI) and Chamber of Commerce and Industry of the Kyrgyz Republic. The Forum was attended by the OTS Secretary … [Read more...]