Kyrgyzstan’s mining sector sees rich rewards in 2025
Kyrgyzstan’s mining and manufacturing sectors showed notable growth in 2025, with food and beverage production driving particularly strong expansion.

Kyrgyzstan’s mining and manufacturing sectors showed notable growth in 2025, with food and beverage production driving particularly strong expansion.
As of Dec. 1, 2025, 343 Azerbaijani companies were operating in Uzbekistan, mainly in trade, industry, and construction, highlighting growing economic ties between the two countries.
Iran saw a notable rise in essential goods imports recently. The increase spanned various products, including grains and oils. Meanwhile, non-oil exports showed a slight drop in value but a small gain in weight.
Kyrgyzstan’s industrial sector showed strong growth in 2025, with production expanding broadly beyond the Kumtor gold mine.
UZCARD reports that Xalq Bank cardholders led SMS service usage in 2025, while related transactions rose nearly 30% to over 8 million, showing growing demand for digital banking tools.
Iran has seen a continued decrease in water supply to its reservoirs over recent months. This trend reflects a drop in the amount of water entering the country's reservoirs compared to the same period last year.
Since the start of the current Iranian year, there has been a small increase in gas processing and transmission. The daily amount of gas processed has risen compared to the same period last year. With colder weather expected, officials are taking steps to ensure a steady gas supply.
Kyrgyzstan’s 2025 grain harvest reflected stable production areas, with moderate changes in output and yields compared to the previous year.
Turkmengas State Concern launched a tender for the supply of pipes, equipment, and electrical systems for its operations.
Ipoteka Bank returned to profit in 2025, earning 399.9 billion soums after a loss in 2024, while NPLs fell to 5%.
In 2025, electronic transfer fees rose 8.7% and banking service prices increased 6.9% as Uzbekistan’s services sector grew nearly 15%.
Iran is anticipating a robust wheat harvest in the coming year, thanks to favorable rainfall conditions. The government plans to purchase the majority of the crop, with the remainder used for local consumption and seed.
Outstanding loans to government institutions and enterprises in Turkmenistan declined last year, the Central Bank of Turkmenistan reports.
The State Committee for Physical Culture and Sport announced a tender for the supply of certified sports nutrition and dietary supplements.
Turkmenhaly reannounced an international tender for the construction of a wool processing complex in Ashgabat, accepting applications and proposals until the end of February.
Azerbaijan's food production experienced notable growth in 2025, reflecting a positive trend in the country’s manufacturing sector. This boost was accompanied by increases in tobacco, beverage, and pasta production, although some areas saw slight declines.
Iran has accelerated development work on the Farzad gas field it shares with Saudi Arabia, focusing on the offshore section being built with domestically produced infrastructure.
Last year, there was a notable increase in the outstanding loans denominated in Turkmenistan’s national currency, according to the Central Bank of Turkmenistan.
Azerbaijan's mining industry saw a notable increase in gold and silver production in 2025, contributing to a 1% growth in the sector's overall value.
Azerbaijan’s non oil and gas industry expanded last year, offsetting declines in overall industrial output and in the oil and gas sector.
Azerbaijan saw significant imports of passenger cars, trucks, and buses last year, highlighting the country’s growing transportation and trade activity.
The data shows that while remittance volumes from several countries fluctuated, the U.S. maintained its position as the key contributor to Georgia’s foreign inflows.
The total value of external quotations on Turkmenistan’s State Commodity and Raw Materials Exchange rose, led by a sharp increase in the agriculture sector, while petrochemicals and light industry sectors saw slight declines.
The Central Bank of Azerbaijan (CBA) has announced a tender for the purchase of Microsoft Windows 11 licenses. Participants are required to submit the necessary documents by the specified deadline, with the tender packages to be opened at the same time.
The Department for Informatization of the Education System under Azerbaijan's Ministry of Science and Education has announced a tender for the modernization and sustainability of digital solutions. Proposals must be submitted by the specified deadline, with the tender packages to be opened at the same time.
The Ministry of Youth and Sports has launched a tender aimed at reorganizing its electronic services to better meet modern standards and improve digital accessibility.
Uzbekistan’s diesel fuel production rose to 1.07 million tons in January–November 2025, up about 15% from the same period last year.
The volume of cashless operations through ATMs in Turkmenistan rose compared to the previous period, reflecting steady growth in the use of electronic payment systems.
Tajikistan is strengthening its domestic debt market and diversifying investors to support fiscal stability and long-term economic growth, IMF and analysts note.
Eni Turkmenistan announced a tender covering equipment overhaul services and the supply of spare parts, inviting interested companies to submit applications ahead of the upcoming tender stage.
Remittances from Uzbekistan to Georgia more than doubled in December 2025, reaching $1.43 million.
Azeristiliktehizat has launched a tender to select an independent auditor to review its consolidated financial statements in line with international reporting standards.
The state-owned power utility has announced a tender for the construction of a new substation and related transmission infrastructure in the Goygol district to strengthen the regional electricity network.
The State Property Service of Azerbaijan is auctioning shares in five joint-stock companies and 286 vehicles across three dates in February 2026, with details available on official auction websites.
Sales of new passenger cars in Uzbekistan increased in 2025, supported by strong domestic production and rising regional demand.
Uzbekneftegaz has outlined a set of operational and managerial measures to reverse declining gas output, focusing on expanded exploration, technical upgrades, and tighter production discipline ahead of 2026.
The Ministry of Construction and Architecture of Turkmenistan, on behalf of the Ministry of Education, has announced a tender for the reconstruction of the 11th Secondary School in Arkadag.
The January 15 trading session on Turkmenistan’s State Commodity and Raw Materials Exchange saw growth in external quotations, driven by increased activity in the construction materials sector.
Retail operations carried out through POS terminals remained the main component of cashless payments in Turkmenistan, underscoring the leading role of everyday consumer transactions in the country’s non-cash payment structure.
Non-OPEC+ liquids production is set to rise in 2026 and 2027, while China’s output is expected to remain largely stable. Looking ahead to 2027, OPEC anticipates further expansion in non-DoC supply.
OPEC indicates that the growth in China’s oil consumption is expected to be supported by continued economic expansion, despite some fluctuations in domestic fuel usage.
Money transfers from China to Georgia surged sharply in December, reflecting one of the fastest growth rates among source countries, according to data from the Georgian National Bank.
Uzbekistan saw a strong tourism boost in 2025, with foreign visitor numbers hitting a record high, led by travelers from neighboring countries.
Economic strategies, encompassing public expenditure and capital allocation, are anticipated to reinforce stability in the market despite limited consumer outlays.
Uzbekistan’s microfinance sector recorded strong capital growth in 2025, reflecting improved financial stability and stronger internal resources.
European companies are showing growing interest in investment opportunities within Azerbaijan’s Alat Free Economic Zone, following high-level discussions with representatives of the European Union.
Kyrgyzstan is set to hit the ground running in 2025, with robust growth on the horizon. The medium-term outlook suggests a shift towards a more even keel in economic expansion, bolstered by investments, fiscal steadiness, and a cooling off of inflationary pressures.
Uzbekistan’s Uzpromstroybank reported strong financial results for 2025, posting a sharp increase in net profit despite tighter credit conditions and a slight rise in non-performing loans, according to official data.
The Ministry of Agriculture of Turkmenistan has announced a tender for the supply of plant protection chemicals, inviting qualified suppliers to submit proposals for seed dressing, insecticides, and herbicides within the specified deadlines.
Demirgazyk Sovda Yoly Economic Society has announced a tender for the turnkey procurement of a technological line for stone paper production, inviting eligible companies to submit commercial and technical proposals.
Uzbekistan and Switzerland are rapidly strengthening their economic partnership, with bilateral trade posting record growth in 2025.
Azerbaijan significantly ramped up its imports of crude oil and petroleum products sourced from bituminous rocks from Kazakhstan in 2025, as per information from the State Statistics Committee of Azerbaijan.
Azerbaijan increased both its exports and imports of aluminum and related products in January compared to the same period last year.
Kyrgyzstan’s manufacturing growth in 2025 was led by high value-added sectors, signaling deeper industrial diversification and strengthening the foundations of broader economic expansion.
The growth in Kyrgyzstan’s trade with EAEU partners highlights strengthening regional economic integration and rising trade activity with key neighboring markets.
Trade between Uzbekistan and Belarus continues to gain momentum, reflecting a broader trend of deepening economic cooperation and expanding regional partnerships.
Rising consumer prices across all regions reflect moderate inflationary pressures in Kyrgyzstan, driven by higher service tariffs and sector-specific price increases in food, beverages, and non-food goods.
The volume of natural gas trade between Azerbaijan and Iran for 2025 has been revealed. Azerbaijan exported a significant amount of natural gas to Iran, marking a notable shift from the previous year.
Entrepreneurs from Afghanistan concluded deals for Portland cement during trading sessions at Turkmenistan’s commodity exchange, while domestic companies purchased cotton yarn.
Uzbekistan’s tourism sector began 2026 with strong momentum, recording a sharp rise in foreign arrivals in January.
Turkmenistan reports strong performance across construction, industry, energy, and road development sectors
Uzbekistan’s electric vehicle market surged in January 2026, led by strong demand in Tashkent and rapid growth across several regions.
Turkmenistan reports over-fulfillment of production plans across oil, gas, refining, and petroleum products.
China’s producer price index indicates uneven movements across industrial and consumer sectors, with some segments showing recovery while others continue to face declines.
Uzbekistan–Italy trade relations continued to strengthen in 2025, with bilateral turnover showing solid double-digit growth year on year.
The narrowing decline suggests that China’s efforts to balance energy security with decarbonization goals are reaching a steady state.
After two years of double-digit and near-double-digit expansion fueled by regional shifts and increased transit trade, the 2025 data suggests a transition toward more sustainable, albeit still high, growth levels.
Compared to the previous year, Azerbaijan's direct investments in China increased significantly in 2025. Also increasing during that time were China's investments in Azerbaijan. Foreign direct investment (FDI) in Azerbaijan was split evenly between the two projects.
Azerbaijan has increased its investment activity in the Russian economy, while Russia continues to expand its financial presence in Azerbaijan, reflecting deepening bilateral economic ties.
Georgia's external merchandise trade turnover declined year-on-year in the first two months of 2026, as a substantial drop in imports outweighed a strong increase in exports, leaving the country with a significant trade deficit.
Uzbekistan and Russia are stepping up industrial cooperation by expanding joint technoparks and launching new projects across key regions.
In early 2026, Azerbaijan's sea cargo transportation experienced a decrease. There was a marked decline in both the overall value and volume of marine freight as compared to the corresponding period in 2025.
Overall, Georgia’s top ten trading partners represented more than 60% of the total domestic export volume.
Foreign investment in Azerbaijan rose during the reporting period, driven largely by a significant increase in capital directed toward the oil and gas sector.
Swedish foreign direct investment in Azerbaijan saw a substantial increase in 2025, while Azerbaijan’s investment in Sweden declined, reflecting shifting economic dynamics between the two countries amidst broader trends in Azerbaijan's foreign investment activity.