AKIPRESS.COM – The Ministry of Economy has projected that Kyrgyzstan’s economic growth by the end of 2023 will be around 4.5%.

According to the Ministry’s forecast, growth is expected in all sectors of the economy. The industrial sector is projected to grow by 3.2%, agriculture is anticipated to see growth of around 3%.

The construction sector is expected to experience robust growth at 7.9%, the services sector is estimated to grow by 4.7%. Net taxes on products and imports are expected to rise by 4.8%.

The Ministry predicts that the economy will continue to grow at a rate of 5% in the year 2024.

Source: Akipress

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PETROPAVLOVSK. KAZINFORM – Five irrigation investment projects with the use of water saving technologies have been implemented in North Kazakhstan region since the beginning of the year, Kazinform correspondent reports.

According to the agriculture and land relations department, the area for irrigation of crops stands at 4.7 thousand hectares in the region, with drip irrigation used on 0.5 thousand ha and sprinkler irrigation on 4.2 thousand ha.

«The main crops produced include grain – 1 thou ha, potato – 1.1 thou ha, vegetables 0.2 thou ha, and feed crops 2.4 thou ha,» said the department.

Earlier it was reported that this year, the irrigated area is expected to be increased to 5.1 thousand ha, as well as that six projects for irrigating 1,326 ha of land are set to be carried out in the region.

Source: Kazinform

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AKIPRESS.COM – Minister of Investment, Industry and Trade of Uzbekistan Laziz Kudratov met with President and CEO of the South Korean company Samsung C&T Oh Se-chul, UzA reported.

The parties considered the implementation of current projects and promising areas for establishing cooperation in the development of energy and industrial infrastructure, as well as the development of new projects on the principles of public-private partnership (PPP).

The company is now exploring the possibility of participating in implementing several infrastructure projects in urban development and green energy.

The sides developed a format for further interaction to work out the implementation of joint projects following the meeting.

Source: Akipress

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ASTANA – Iranian investors and manufacturers are ready to invest in the production of medicines, the construction of a dairy plant, and the processing of agricultural products, said Alireza Peyman-Pak, Iran’s Deputy Agriculture Minister in charge of trade and market regulation, at a June 28 meeting with Deputy Prime Minister and Minister of Trade and Integration Serik Zhumangarin, reported the Prime Minister’s press service.

Zhumangarin welcomed the decision, saying he would submit all proposals to Kazakh businesses for consideration.

The parties also discussed a draft joint roadmap of projects to increase mutual trade up to $3 billion, encompassing almost all industries.

The main pool worth about $1 billion consists of projects in the agricultural sector, as the products of the Kazakh agro-industrial complex are in high demand in Iran.

Last year, trade turnover between Kazakhstan and Iran totaled $528 million, a 19.8% increase compared to the previous year. Kazakhstan exported mainly wheat, barley, sunflower oil, flax seeds, aluminum, and ferrous metals, while imported oil products, fresh vegetables, fruits, and building materials.

The meeting between Zhumangarin and Peyman-Pak followed the Kazakh-Iranian Business Forum held on June 27 in Astana, which brought together over 100 representatives of large and medium-sized businesses from Kazakhstan and Iran.

Entrepreneurs specializing in the supply of agricultural products, food, tourism services, and investments held bilateral B2B negotiations.

Source: Astana Times

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