Tajikistan's Istiqlol plant strengthens its metallurgical footprint
The expansion of the Istiqlol metallurgical plant is expected to boost regional industrial output, create jobs, and strengthen Tajikistan’s mining and metals sector.

The expansion of the Istiqlol metallurgical plant is expected to boost regional industrial output, create jobs, and strengthen Tajikistan’s mining and metals sector.
The number of registered commercial entities in Azerbaijan has continued to grow, reflecting a steady expansion of business activity and taxpayer participation across the country.
Uzbekistan’s Almalyk Mining and Metallurgical Complex (AMMC) exceeded its 2025 export target, selling over $510 million worth of metals and chemicals, Trend reports.
ADB and Masdar have secured $30 million in financing to advance a large-scale solar power and battery storage project in Uzbekistan, supporting the country’s renewable energy targets and grid modernization efforts.
Saneg JetWhites has strengthened Uzbekistan’s aviation fuel market by supplying large volumes of jet fuel to international and domestic airlines and planning further growth in 2026.
Kazakhstan’s Tenge Bank saw strong profit growth in Uzbekistan in 2025, reporting a 51.6% rise in net income, despite a slight decline in its loan portfolio and a moderate increase in non-performing loans.
Turkmengas State Concern has announced a tender for the supply of technological and electrical equipment for its operational needs, with proposals accepted until late February.
Local entrepreneurs finalized a transaction with the State Concern Turkmennebit during the domestic market trading session.
Azerbaijan's Mortgage and Credit Guarantee Fund (MCGF) has provided significant loans to thousands of borrowers. The fund has also supported numerous business loans with guarantees. Additionally, a substantial number of residential units have been transacted through leasing mechanisms.
The commissioning of the Hazarly-3 gas well has played a pivotal role in hitting the gas production targets, bolstering Turkmenistan’s commitment to keeping output steady and broadening its resource base.
Azerbaijan's Economic Zones Development Agency, part of the Ministry of Economy, is set to acquire new service vehicles, with a total investment earmarked for the purchase.
Azerbaijan experienced moderate annual inflation last year, driven primarily by rising food prices and increased costs for paid services.
Iran has introduced a policy that allows citizens and businesses to conduct foreign currency transactions through an official and transparent platform with mutually agreed exchange rates.
Uzbekistan plans solar panels, water pump upgrades, and heating system modernization to cut energy use and save millions, targeting a 20% reduction by 2030.
Kawasaki Heavy Industries highly values Turkmenistan’s current investment climate and sees significant opportunities to support industrial modernization, the Japanese company told Trend in an exclusive comment.
The number of Italian citizens visiting Uzbekistan continued to grow in 2025, reflecting rising interest in the country as a tourist destination and an expanding scope of bilateral travel and business exchanges.
The United Water Supply Service of Large Cities has announced a tender for purchasing computer equipment to develop IT infrastructure for the Nakhchivan City Water Canal Department. Proposals must be submitted by the specified deadline, with the opening of packages taking place at that time.
Uzbekistan and Germany continue to strengthen their economic ties, with bilateral trade demonstrating stable and dynamic growth.
UN DESA forecasts moderate growth for Iran’s economy, projecting GDP to rise gradually in 2026 and 2027.
The United Nations has projected a significant recovery in the real value of the Turkish Lira.
The State Advertising Agency of Azerbaijan has announced a tender to equip its vehicle fleet with GPS tracking and camera surveillance systems.
The majority of POS terminals in Turkmenistan are operated by a few leading banks, while smaller institutions maintain more limited electronic payment coverage, highlighting a concentration of financial infrastructure in major players.
Azerbaijan's non-oil exports to Kazakhstan have seen a decline from January to November 2025 compared to the previous year. This decrease reflects a drop in the overall value of exports to the country during the period.
Banking services in Turkmenistan are largely centered in urban hubs, with ATMs and card usage more accessible in major cities, while peripheral regions and smaller towns experience limited coverage, highlighting disparities in the distribution of financial infrastructure.
The Turkmenistan branch of CNPC has launched a pre-qualification process for a tender to supply spare parts for production and utility equipment at the Bagtyyarlyk Contract Area, with applications accepted within ten calendar days from publication.
Earlier, the People’s Bank of China (PBOC) announced during its annual work conference on January 6 that it will implement a "moderately loose" monetary policy throughout 2026.
POS terminals in Turkmenistan are largely clustered in urban centers, while smaller towns and less populated regions have limited access, reflecting uneven distribution of electronic payment infrastructure across the country.
Azerbaijan Television and Radio Broadcasting CJSC has announced a tender for surveying engineering and communication systems, including fire safety, and preparing technical specifications and designs for the Baku TV Tower complex.
Iran is set to expand its network of controlled-access highways by the end of the current year. The new roads are designed to enhance connectivity and ease traffic flow across the country. Key projects include bypass routes in several provinces to reduce congestion and improve travel efficiency.
This trend has fueled international concerns over "China Shock 2.0." With a weakened real exchange rate, Chinese manufacturing - particularly in high-tech sectors like electric vehicles and green energy - has maintained a significant price advantage globally.
The Regional Water Reclamation Service under the Azerbaijan State Water Resources Agency has announced a tender for the purchase of information security equipment. Interested parties must submit their proposals by the specified deadline, with the opening of tender packages taking place at that time.
As of early 2026, SCB Dayhanbank operates the largest share of ATMs in Turkmenistan, followed by SCB Turkmenistan and JSCB Turkmenbashi, while smaller banks manage a limited number, reflecting uneven access to banking services across the country.
Iran is moving forward with a state-backed rental housing initiative aimed at improving access to affordable homes amid economic pressures and high property prices.
Uzbekistan’s largest mining and metallurgy enterprise reported robust production growth in 2025, significantly outperforming its targets across key metals and by-products, reflecting strong operational efficiency and stable demand.
The report notes that escalating trade tensions with the United States raised concerns over external pressures in early 2025.
The United Nations expects consumer price growth in Turkmenistan to rise in the near term before moderating in the following year, according to its latest economic outlook.
The United Nations expects Turkmenistan’s economic performance to be supported by expanding oil production, with growth prospects remaining positive in the medium term.
Dutch banking group ING forecasts continued depreciation of the Turkish lira against the U.S. dollar over the course of 2026, reflecting ongoing macroeconomic adjustments and external financing needs.
Dutch banking group ING believes that China’s monetary policy will keep its cards close to the chest over the medium term, with the benchmark seven-day reverse repo rate likely to take a small dip in 2026 before finding its footing through 2027.
The value of external quotations at the State Commodity and Raw Materials Exchange of Turkmenistan rose during the latest trading session, with the increase mainly driven by higher activity in the petrochemicals sector.
Dutch banking group ING forecasts a gradual acceleration in consumer price inflation in China over the coming years, with CPI growth expected to remain modest but trend higher through 2027.
Dutch banking group ING expects long-term government bond yields in China to edge higher over the medium term, reflecting improving growth prospects and a gradual normalization in financial conditions.
Turkmengas has announced an international tender to select a contractor for carrying out a major overhaul of gas turbine engines in Turkmenistan.
As of January 1, 2026, Azerbaijan saw a notable rise in the number of active VAT payers, according to the State Tax Service. The data also reveals a broader increase in both active taxpayers and economic entities, indicating growth across various sectors of the economy.
Dutch banking group ING expects the Chinese yuan to remain broadly stable against the US dollar over the coming year, with the exchange rate projected to firm slightly by the end of 2026.
Azerbaijan’s economy is adjusting to reduced oil production but remains vulnerable to oil price fluctuations. Risks include geopolitical uncertainty and global growth challenges. Long-term growth will depend on diversifying the economy and strengthening fiscal discipline.
The Baku Stock Exchange is looking to roll out a major share issuance this year, which could kickstart activity on the primary stock market after last year’s slowdown.
Kyrgyzstan’s consumer inflation yielded moderate results in 2025, reflecting ongoing stabilization efforts and a gradually more predictable economic environment.
Uzbekistan’s inflation is expected to continue its downward trajectory in the coming years, according to United Nations estimates.
Dutch banking group ING expects short-term market interest rates in China to continue edging lower over the coming years, with the three-month rate projected to decline gradually before stabilizing in 2027.
Production of oil, gas, food, building materials, and agricultural products increased, while transport and communications services expanded
The total value of external quotations at Turkmenistan’s commodity exchange took a dip compared to the previous session, largely because the agriculture sector was not firing on all cylinders, while petrochemicals, mechanical engineering, and light industry held their ground or even saw a boost in values.
Kyrgyzstan’s economy demonstrated strong growth and industrial expansion, reflecting rising productivity and significant socio-economic progress.
Uzbekistan has launched a new plastic auto parts production facility in the Khorezm region, boosting investment, jobs, and localization in the automotive industry.
The data indicates that the increase was observed across most export routes, although Central Asian flows faced constraints due to disruptions at the Caspian Pipeline Consortium (CPC) terminal on the Black Sea.
EBRD is putting 15 million euros on the table to help Uzbekistan’s Green Line Trading spread its wings by expanding its distribution network and rolling out sustainable logistics solutions.
In 2025, Azerbaijan's average monthly nominal salary saw a notable increase compared to the previous year. The highest salaries were recorded in industries such as mining, finance, and communication.
Uzbekistan and Iran continue to deepen their economic engagement, with bilateral trade showing steady year-on-year growth.
Uzbekistan has received $94.06 million from the Islamic Development Bank to advance its SmartEd education development project.
Uzbekistan has secured $70 million in new financing from the Islamic Development Bank to modernize a key regional road corridor, aiming to ease transport bottlenecks and improve connectivity in the Jizzakh Region.
Turkmenistan’s State Concern Turkmennebit surpassed its planned oil and gas production in January, with targets for refining, fuel output, and gas production met or exceeded across key segments, according to data presented at a Cabinet of Ministers meeting.
In January 2026, Turkmenistan saw its economic engine revving up, with a silver lining across transport and communications, services, trade, construction, industry, and agriculture, as highlighted in the data shared at a Cabinet of Ministers meeting.
The European Bank for Reconstruction and Development continues to deepen its presence in Uzbekistan, with a multibillion-euro project portfolio focused largely on sustainable infrastructure and private sector growth.
Revenues from mandatory social, unemployment, and health insurance contributions in Azerbaijan increased compared to the same period last year, reflecting steady growth across both budgetary and non-budgetary sources.
Revenues from compulsory health insurance (CHI) contributions increased compared to the same period last year.
Capital infusion into Azerbaijan’s economic landscape demonstrated notable expansion during the initial months of the year.
Uzbekistan’s tourism is surging in early 2026, with foreign arrivals rising sharply.
In the last three months of 2025, the average nominal monthly incomes in Georgia climbed 11.2% year over year.
Transportation by road increased by 10.8% from January of last year, while rail freight decreased by 20% and maritime cargo decreased by nearly twice that amount.
The increase reflects ongoing sensitivity of Kyrgyzstan’s domestic gold pricing to global market trends and exchange rate dynamics, highlighting gold’s role as a key savings and liquidity instrument.
Tashkent signals caution as inflation risks persist, with the Central Bank keeping its key rate unchanged amid strong demand and rising price pressures.
The strong year-on-year growth in manufacturing output indicates improving industrial activity in Tajikistan despite seasonal monthly fluctuations.
Loans issued by Turkmenistan’s credit institutions to the private sector increased significantly year-on-year, outpacing lending to state institutions and enterprises, according to data from the Central Bank.
March 2026 prices in Azerbaijan were higher than those in January and February of the previous year. The prices of food, non-food items, and paid services all went up, with some significant exceptions, such as cement and medical services.
Kazakhstan is looking to take the bull by the horns in enhancing sunflower oil, corn processing, and dairy production. Sunflower oil production is set to hit 890,000 tonnes by 2025, bringing in an additional 100 billion tenge ($203.