KazMunayGas increases its domestic procurement share to 93% in 2025
KazMunayGas raised local procurement to 93% in 2025, expanding contracts with domestic suppliers and supporting jobs through off-take deals.

KazMunayGas raised local procurement to 93% in 2025, expanding contracts with domestic suppliers and supporting jobs through off-take deals.
In 2025, personal remittances from Switzerland to Azerbaijan grew modestly compared to the previous year. Switzerland’s share of total inbound remittances to Azerbaijan was small, while outbound remittances to Switzerland also saw a notable increase.
Direct investments from Austria in Azerbaijan's economy saw significant growth in 2025. This increase marked a notable rise compared to the previous year, with Austria's share in total foreign direct investment (FDI) in Azerbaijan reaching a small but meaningful percentage.
Food and non-alcoholic beverage prices in Georgia continued to increase in March, with additional growth observed in alcohol and tobacco, while accommodation services showed a decline.
While savers found a safe haven in deposits, investors in other major assets saw significant losses in real terms over the month.
The Gyzylarbat District Administration has announced a tender for the construction of single-storey residential houses across several residential complexes and settlements.
The Balkanabat City Administration has announced a tender for the design and construction of cottage-type residential houses within the Arlan-3 complex.
Industrial production in Kyrgyzstan continues to grow, supported by activity in the mining and manufacturing sectors.
Turkmengas State Concern has launched a tender for the procurement of technological, electrical, and chemical products for its operational needs.
Serbia significantly increased its direct investment in Azerbaijan in 2025, while overall foreign direct investment in Azerbaijan saw a slight decline, with Azerbaijan’s outbound investments growing substantially.
Uzbekistan is rapidly increasing mobile phone imports, driven by growing demand and continued digitalization.
An increase in agriculture and light industry segments supported a slight uptick in overall external quotations at Turkmenistan’s commodity exchange, while other sectors remained stable.
Entrepreneurs from Afghanistan and the UAE engaged in fuel and food product purchases, while local businesses secured textile deals on Turkmenistan’s commodity exchange.
Cargo transportation between provinces in Iran has seen a significant increase this year. The volume of goods moved by trucks grew notably compared to the same period last year. Further growth is expected as freight companies continue their operations.
The State Tax Service under the Ministry of Economy of the Republic of Azerbaijan has compiled a list of the top one hundred companies that paid the highest taxes to the state budget.
The district’s crop structure reflects a balance between export-oriented cotton production and food crops, aimed at strengthening both income generation and domestic food security.
Azerbaijan’s exports to Kazakhstan surged to $24.3 million in early 2026, nearly doubling from the previous year, while imports from Kazakhstan dropped sharply by 30.9%, highlighting a significant shift in the trade dynamics between the two countries.
The latest cryptocurrency market prices show notable gains, with Bitcoin reaching $71,700, reflecting a 4.49% increase in the last 24 hours. Ethereum also saw a rise, climbing 6.48% to $2,241 during the same period.
Sustained public investment in irrigation infrastructure signals the government’s focus on boosting agricultural productivity and mitigating water-related risks in a climate-sensitive economy.
A minor decrease in the light industry segment led to a slight drop in overall external quotations at Turkmenistan’s commodity exchange, while other sectors remained unchanged.
Austria signals expanding business engagement in Tajikistan, with hydropower and infrastructure modernization emerging as key growth drivers.
Local entrepreneurs secured a deal with Turkmennebit for the procurement of polypropylene during the latest trading session.
Payment transactions processed in manats through Azerbaijan’s Interbank Card Center (ICC) recorded steady growth by the end of February, reflecting increased activity in the country’s cashless payment ecosystem.
The Balkan Province Administration has announced a tender for the modernization of heating boiler plants and construction works in Balkanabat and Turkmenbashi under the National Rural Programme.
In February 2026, Azerbaijan saw growth in transfers outside the banking system via fast money transfer systems. The total volume of transfers increased compared to the previous year. However, the number of transactions showed a decrease over the same period.
Euro-denominated card transactions in Azerbaijan rose 5.4% in volume through February, while total value held steady at 1.8 million euros, the Central Bank reported.
On April 6, the Iranian capital market saw a notable increase in fund transactions. Fixed-income funds led the market, followed by product funds. Agricultural funds saw a significant boost in sales compared to the previous day.
The significant growth in bulk cargo handling at the Port of Baku underscores the increasing importance of Azerbaijan's transport infrastructure in regional logistics and trade.
The moderation in pharmaceutical output growth suggests a normalization after last year’s surge, pointing to stabilizing demand and a more balanced expansion of the sector within the broader industrial structure.
Azerbaijan’s revenues from urea exports declined in the early months of the year, even as overall non-oil exports showed solid growth.
Entrepreneurs from Serbia and the UAE concluded deals for licorice extract and textile products during the latest trading session in Turkmenistan.
CNPC International Turkmenistan has launched a prequalification process for repair works at a gas processing plant within the Bagtyyarlyk contract area, inviting experienced contractors to apply.
Eni Turkmenistan has launched a prequalification process for companies interested in supplying a high-pressure water injection pump package with commissioning and start-up services.
Business loans dominate Azerbaijan’s banking sector, making up 53.3% of total lending, with growth across all business sizes. Large enterprises continue to attract the largest share, though micro and small businesses are seeing notable increases.
Azerbaijan’s total gold export revenue saw a notable increase in the early months of 2026. According to recent data, the country experienced strong growth compared to the same period last year.
SOCAR's gas export revenues have significantly declined in early 2026 compared to the previous year, while non-oil sector exports, led by SOCAR Polymer, continue to perform strongly.
Iran has announced a guaranteed purchase price for wheat from farmers to ensure stable income and support agricultural production.
Uzbekistan's banking sector saw steady growth in retail lending, with loans to individuals increasing by 1.7% in early 2026.
The slowdown in energy supply growth suggests stabilizing demand and capacity utilization following last year’s stronger expansion, pointing to a more balanced trajectory in the sector.
Azergold CJSC leads the growth in Azerbaijan's non-oil sector exports, contributing to a significant rise in overall export activity, particularly in food products.
Uzbekistan's inflation remained steady in March 2026, with annual inflation slowing. Food prices rose, while non-food and service costs increased modestly.
The State Property Service of the Nakhchivan Autonomous Republic has launched a tender to assess the value of public assets, inviting interested parties to submit proposals.
Growth in wood, paper and publishing output contributed to the overall expansion of Tajikistan’s manufacturing sector in early 2026.
Metallurgical production in Tajikistan recorded strong growth in early 2026, contributing significantly to manufacturing sector expansion.
Growth in rubber, plastic and non-metallic mineral production contributed to the expansion of Tajikistan’s manufacturing sector in early 2026.
By February 2026, transactions with resident-issued UnionPay cards saw strong growth in both number and value. The increase was significant compared to the previous year. Transactions with UnionPay cards from non-resident institutions also rose during the same period.
The total value of external quotations at the State Commodity and Raw Materials Exchange of Turkmenistan increased compared to the previous session, driven by a sharp rise in the agriculture sector, while petrochemicals, mechanical engineering and light industry remained unchanged and no activity was recorded in construction materials.
The Economic Zones Development Agency has launched a tender to acquire information technology equipment and licenses to support its operations.
China National Petroleum Corporation International Ltd. in Turkmenistan has announced a tender for the supply and installation of a tubular heat exchanger for gas processing facilities in the Bagtyyarlyk contract area. Applications are accepted within seven days.
Uzbekistan is rapidly expanding its renewable energy sector, with capacity soaring more than fivefold over the past decade.
The Asian Development Bank expects continued inflationary pressure in Turkmenistan in the coming years, driven by higher public spending, import prices, and monetary conditions.
China’s solar energy capacity recorded strong growth over the past years, with particularly sharp acceleration in the latest period driven by rapid deployment of new installations.
Uzbekistan continues to strengthen trade ties with the United Arab Emirates, with bilateral turnover showing steady growth and balanced dynamics.
The estimate for 2025 represents a significant upward revision of 0.8 percentage points compared to the Bank's January 2026 projections.
Travel from Uzbekistan to Thailand continued to grow in early 2026, with tourism accounting for the vast majority of visits, reflecting strong outbound travel demand.
ADB projects steady growth for Uzbekistan through 2027, supported by strong domestic demand, services, and ongoing economic reforms.
Azerbaijan’s non-oil exports have shown strong growth, with notable increases in food, agricultural, and industrial products.
Loan investment in Azerbaijan’s agriculture, forestry, and fishing sector recorded a slight decline as of March 1, 2026. The latest figures show a modest decrease both compared to the previous month and the same period last year, indicating a mild slowdown in financing activity in the sector.
Rising gold prices and strong mining output in 2025 significantly boosted Kyrgyzstan’s budget revenues and reinforced the sector’s influence on industrial growth.
In 2025, personal remittances from Qatar to Azerbaijan rose notably.
Uzbekistan’s instant payment system continues to gain momentum, reflecting the rapid digitalization of the country’s financial sector and growing use of cashless transactions.
Uzbekistan and Afghanistan are steadily expanding trade ties, driven by rising export volumes and growing economic cooperation.
Uzbekistan continues to strengthen its position as a key agricultural exporter, with fruit and vegetable shipments showing steady growth at the start of 2026.
The data reflects a notable increase in national currency deposits, while foreign currency deposits experienced a decline, indicating a shift in depositor preferences and trends within Azerbaijan's banking sector.
The expansion of irrigation infrastructure and modern watering technologies is expected to enhance land productivity, reduce water losses, and support long-term agricultural growth.
Azerbaijan's transport corridors saw varied cargo movement in early 2026. Rail transport handled the largest share, followed by road and sea transport. Compared to last year, rail and sea shipments dropped, while road freight saw growth.
Azerbaijan Railways CJSC has reported a substantial rise in the transportation of food industry products.
Azerbaijan's Ministry of Finance has unveiled its Medium-Term Budget Framework for 2027-2030, outlining key fiscal policies, expenditure priorities, and forecasts for the state and consolidated budgets.
Azerbaijan projects a decline in oil and gas production for 2026, with expected growth in the sector by 2029-2030, while medium-term inflation and income forecasts indicate gradual economic recovery and stability.
Kyrgyzstan’s strategy reflects a shift toward sustained, reform-driven growth aimed at upgrading its economic structure and achieving higher income status.
Cargo shipments by sea in Azerbaijan decreased in early 2026 compared to last year. This decline reflects a shift in transport patterns. Sea transport made up a smaller portion of the overall transport corridors.
Uzbekistan’s national payment system HUMO posted strong financial results in 2025, reflecting rapid growth in digital payments and expanding transaction volumes across the country.
Uzbekistan’s economy is expected to remain on a strong growth path, though global uncertainties and shifting external factors continue to shape its outlook.
German investment in Azerbaijan declined sharply in 2025 compared with the previous year, according to the central bank. Overall foreign investment into the country also fell, while Azerbaijan significantly increased its investments abroad.
The securities portfolio of banks in Azerbaijan grew last year. The growth was driven by a rise in the overall volume of the portfolio and faster expansion in total assets. However, the share of securities in total assets saw a slight decrease.