The University of Central Asia (UCA) and the World Bank Office in Kyrgyzstan hosted the presentation of the 2024 World Development Report: The Middle-Income Trap at UCA’s office in Bishkek. The event brought together researchers, academics, and economists to discuss actionable strategies for overcoming the middle-income trap and ensuring long-term economic growth in Central Asia.
Experts from the World Bank and UCA highlighted key challenges to economic growth for the middle-income nations, including rising debt, aging populations, increasing protectionism in advanced economies, and mounting pressure to accelerate the energy transition. To address these issues, the experts outlined a three-stage strategy for achieving high-income status: investing in infrastructure and human capital, integrating advanced technologies, and fostering innovation-driven growth.
The report identified three critical areas for Central Asia’s economic advancement. First, scaling up large enterprises to drive innovation, productivity, and competitiveness. Second, enhancing talent development and social mobility to create a more skilled workforce. Finally, prioritising the energy transition through investments in renewable energy, emission reductions, and energy efficiency.
In his opening remarks, Prof. Christopher Gerry, Rector of UCA emphasised the region’s progress and the challenges ahead: "Central Asian nations have made significant strides in economic development. As they work toward high-income status, they must navigate multiple hurdles. It is crucial to adapt the insights from the World Bank report to our region, leveraging our strengths a young and dynamic population, rich cultural heritage, abundant natural resources, and a growing digital economy to drive sustainable progress."
Reported by Kabar (Kyrgyzstan).
The University of Central Asia (UCA) and the World Bank Office in Kyrgyzstan hosted the presentation of the 2024 World Development Report: The Middle-Income Trap at UCA’s office in Bishkek. The event brought together researchers, academics, and economists to discuss actionable strategies for overcoming the middle-income trap and ensuring long-term...
The University of Central Asia (UCA) and the World Bank Office in Kyrgyzstan hosted the presentation of the 2024 World Development Report: The Middle-Income Trap at UCA’s office in Bishkek. The event brought together researchers, academics, and economists to discuss actionable strategies for overcoming the middle-income trap and ensuring long-term...
President of Kyrgyzstan Sadyr Zhaparov arrived in Beijing on a state visit at the invitation of Chairman of the People's Republic of China Xi Jinping.
The press service of the Kyrgyz president said that Sadyr Zhaparov was met by Minister of Housing, Urban and Rural Development of the People's Republic of...
President of Kyrgyzstan Sadyr Zhaparov arrived in Beijing on a state visit at the invitation of Chairman of the People's Republic of China Xi Jinping.
The press service of the Kyrgyz president said that Sadyr Zhaparov was met by Minister of Housing, Urban and Rural Development of the People's Republic of...
Iran-Kyrgyzstan Investment Office will be opened in Bishkek. The order approving the draft framework agreement on its establishment, concluded with the National Development Fund of Iran, was signed by the Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev.
He also authorised the Minister of Economy and Commerce of Kyrgyzstan...
Iran-Kyrgyzstan Investment Office will be opened in Bishkek. The order approving the draft framework agreement on its establishment, concluded with the National Development Fund of Iran, was signed by the Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev.
He also authorised the Minister of Economy and Commerce of Kyrgyzstan...
Asman Bank has submitted documents to the National Bank to obtain a license to the National Bank. Akchabar was informed about it by the regulator.
It is specified that the submitted documents are considered within the requirements and terms established by the legislation.
Recall, a new foreign bank Asman Bank was registered...
Asman Bank has submitted documents to the National Bank to obtain a license to the National Bank. Akchabar was informed about it by the regulator.
It is specified that the submitted documents are considered within the requirements and terms established by the legislation.
Recall, a new foreign bank Asman Bank was registered...
On February 3, Ambassador of Kyrgyzstan to Germany Omurbek Tekebaev met with head of the representative office of the German economy in Central Asia Eduard Kinsbruner.
The diplomatic mission said that Eduard Kinsbruner noted the intensification of relations between Kyrgyzstan and the Federal Republic of Germany in the trade and economic...
On February 3, Ambassador of Kyrgyzstan to Germany Omurbek Tekebaev met with head of the representative office of the German economy in Central Asia Eduard Kinsbruner.
The diplomatic mission said that Eduard Kinsbruner noted the intensification of relations between Kyrgyzstan and the Federal Republic of Germany in the trade and economic...
The redemption price of an ounce of gold bars of the National Bank of Kyrgyzstan on February 4 was set at 249 thousand 845.5 som.
A day earlier, the regulator bought bars weighing 31.1035 grams from the population at a price of 248 thousand 616.5 som. Thus, the ounce rose in...
The redemption price of an ounce of gold bars of the National Bank of Kyrgyzstan on February 4 was set at 249 thousand 845.5 som.
A day earlier, the regulator bought bars weighing 31.1035 grams from the population at a price of 248 thousand 616.5 som. Thus, the ounce rose in...
The Bishkek HPP is operating in normal mode: the average electric capacity is 450 megawatts, the heat output is 12,399 gigacalories, the City Hall reported.
The daily coal consumption is 7,700 tonnes. The average daily supply temperature of the heat carrier is 73.2 degrees Celsius. Eight boiler units, four cross-linked turbine...
The Bishkek HPP is operating in normal mode: the average electric capacity is 450 megawatts, the heat output is 12,399 gigacalories, the City Hall reported.
The daily coal consumption is 7,700 tonnes. The average daily supply temperature of the heat carrier is 73.2 degrees Celsius. Eight boiler units, four cross-linked turbine...
Twenty-five companies from Kyrgyzstan were represented at Prodexpo-2025, an international exhibition of food products held in Moscow.
The event provided a platform for Kyrgyz exporters to showcase a wide range of their products, including natural and organic products, beverages, dried fruits and spices. The participation of Kyrgyz companies was made possible...
Twenty-five companies from Kyrgyzstan were represented at Prodexpo-2025, an international exhibition of food products held in Moscow.
The event provided a platform for Kyrgyz exporters to showcase a wide range of their products, including natural and organic products, beverages, dried fruits and spices. The participation of Kyrgyz companies was made possible...
The local prosecutor’s office returned 57 hectares of pasture land in Tyup district of the Issyk-Kul region to the state, the press service of the Prosecutor General’s Office of Kyrgyzstan reported.
The Issyk-Kul regional prosecutor’s office established that these 57 hectares of land were illegally transferred to private ownership. The market...
The local prosecutor’s office returned 57 hectares of pasture land in Tyup district of the Issyk-Kul region to the state, the press service of the Prosecutor General’s Office of Kyrgyzstan reported.
The Issyk-Kul regional prosecutor’s office established that these 57 hectares of land were illegally transferred to private ownership. The market...
"We have begun construction of the China-Kyrgyzstan-Uzbekistan railway. Earthworks will begin in April," Deputy Chairman of the Cabinet of Ministers Minister of Water Resources, Agriculture and Food Industry Bakyt Torobaev said on air of Birinchi Radio.
"Yesterday we held a meeting and looked at the list of equipment that will arrive....
"We have begun construction of the China-Kyrgyzstan-Uzbekistan railway. Earthworks will begin in April," Deputy Chairman of the Cabinet of Ministers Minister of Water Resources, Agriculture and Food Industry Bakyt Torobaev said on air of Birinchi Radio.
"Yesterday we held a meeting and looked at the list of equipment that will arrive....
Turkish Airlines, the flagship of Turkish aviation, is ready to strengthen its partnership with Kyrgyzstan. During the meeting in Istanbul, Chyngyz Toktobekov, Trade Representative of the Ministry of Economy of Kyrgyzstan in Turkey, and the management of Airports of Kyrgyzstan discussed the prospects of cooperation with Ahmet Bolat, Chairman of...
Turkish Airlines, the flagship of Turkish aviation, is ready to strengthen its partnership with Kyrgyzstan. During the meeting in Istanbul, Chyngyz Toktobekov, Trade Representative of the Ministry of Economy of Kyrgyzstan in Turkey, and the management of Airports of Kyrgyzstan discussed the prospects of cooperation with Ahmet Bolat, Chairman of...
Russian consumers have discovered exotic alcohol associated with other countries. So, for the whole of 2024, the demand for Korean soju increased by almost 350%. This is followed by chacha, calvados and grappa. Experts attribute this explosive growth largely to the low base, as well as the localisation of the...
Russian consumers have discovered exotic alcohol associated with other countries. So, for the whole of 2024, the demand for Korean soju increased by almost 350%. This is followed by chacha, calvados and grappa. Experts attribute this explosive growth largely to the low base, as well as the localisation of the...
The first results of market research on the state of Russian industry in January 2025 showed noticeable differences in estimates of both the direction and dynamics of changes in this sector. The PMI recorded a significant increase in business activity amid an increase in new stocks and demand. A study...
The first results of market research on the state of Russian industry in January 2025 showed noticeable differences in estimates of both the direction and dynamics of changes in this sector. The PMI recorded a significant increase in business activity amid an increase in new stocks and demand. A study...
After a weak Monday, the Russian market started to grow weakly on Tuesday. But in the afternoon, the indices returned to decline. The main influence on market sentiment is exerted by geopolitics and the news background. "The Moscow Exchange index continues to fluctuate in the range of 2,890-3,000 points. Monday's...
After a weak Monday, the Russian market started to grow weakly on Tuesday. But in the afternoon, the indices returned to decline. The main influence on market sentiment is exerted by geopolitics and the news background. "The Moscow Exchange index continues to fluctuate in the range of 2,890-3,000 points. Monday's...
The first stage of forcing the industry to technological modernisation by environmental requirements is nearing completion. A month before its end, 211 of the top 300 largest industrial facilities in Russia they account for 60% of all pollution confirmed their work using the best available technologies, and 68 facilities that...
The first stage of forcing the industry to technological modernisation by environmental requirements is nearing completion. A month before its end, 211 of the top 300 largest industrial facilities in Russia they account for 60% of all pollution confirmed their work using the best available technologies, and 68 facilities that...