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Bishkek, October 16, 2026 /Kabar/. The Entrepreneurship Development Fund Open Joint-Stock Company (OJSC) has been officially transformed into a microfinance company. As a result, the maximum loan available to entrepreneurs will rise from 5 million to 9 million soms.
Economy
Kazakhstan's foreign trade turnover reached $103 billion in January–August 2026, according to the Ministry of Trade and Integration. The figure represents an increase of 12.8% compared with the same period of the previous year. Kazinform reports the information, citing the ministry.
A ceremony at the Baku Shipyard marked the exchange of documents for the construction of two universal dry cargo ships for KTZ Express Shipping, a subsidiary of Kazakhstan Temir Zholy. The ceremony took place on 15 October during a working visit to Baku by Kazakh President Kassym-Jomart Tokayev for the Conference on Interaction and Confidence-Building Measures in Asia (CICA) summit. The contracts for the vessels were signed in April 2026.
Kyrgyzstan's Cabinet of Ministers has approved a new regulation on the stabilization regime, which lets large investors keep favorable tax conditions for 10 years. Resolution No. 700, dated 15 October 2026, was signed by First Deputy Chairman of the Cabinet Daniyar Amangeldiev.
Taçoy said the strike at K-Pet will not cause any fuel shortage in the country. He said the fuel and gas the market needs is being supplied by an alternative supplier.
President Shavkat Mirziyoyev said Uzbekistan is advancing plans with Azerbaijan and Kazakhstan to export green electricity to Europe via the Caspian Sea. He made the remarks on October 16 at a meeting with investors in the fuel and energy sector in Tashkent. The country is stepping up energy infrastructure investment after allocating more than $2 billion to electricity grid modernization over the past five years. The report was published on the official channel of the President's press secretary, Sherzod Asadov.
Uzbek President Shavkat Mirziyoyev is holding an open dialogue with investors in the fuel and energy sector. He noted that in the initial stage, projects to quickly build green capacity were often located in areas proposed by investors. This attracted significant investment, but in some places capacity became concentrated and the cost of transmitting electricity to other regions increased.
The second TAIM business forum was held in Kazan this week, aiming to strengthen economic ties between Russia and India. According to the report, trade turnover between Tatarstan and India has grown ninefold since the first forum.
The International Monetary Fund projects that Kazakhstan's inflation will fall to 8.2% in 2027, while economic growth is expected to accelerate to 4.9%, according to the IMF's latest World Economic Outlook. The report was released on October 13 at the IMF and World Bank annual meetings in Bangkok.
President Shavkat Mirziyoyev is holding an open dialogue with investors in the fuel and energy sector. Over the past five years, more than $2 billion has been directed to modernizing electricity grids. The next major task is renewing the networks and developing energy storage systems.
Turkey's Treasury and Finance Minister Mehmet Şimşek said legal regulations to strengthen the fight against capital market crimes, including coordinated fund transactions, are planned to be completed by early 2027. In a social media post, he said regulations by the Capital Markets Board had increased transparency and strengthened investor confidence, citing the Fund Guide announced at the end of August.
Society
From 1 January 2027, 22 of the 36 types of state benefits in Kazakhstan will continue to be granted without taking into account the family's welfare category. Labour and Social Protection Minister Askarbek Yertayev announced this at a briefing at the SCC, according to a Kazinform correspondent.
Bishkek and the Japanese city of Nagoya plan to cooperate on reducing emissions and improving energy efficiency in urban infrastructure. The next step will be preparing a memorandum under a two-year partnership program, the city hall said.
Kazakhstan's Minister of Labour and Social Protection, Askarbek Yertayev, said at an SCC briefing who will make up the most socially vulnerable population category after the reform. He stated that there are 128,000 such families across Kazakhstan.
Azerbaijan's State Oil Fund (SOFAZ) received approximately $4.6 billion in net revenues from the sale of state-owned hydrocarbons as of October 15, 2026, the fund told APA-Economics in response to an inquiry.
President Shavkat Mirziyoyev received a delegation led by Muhammad Abunayyan, co-chair of the Uzbekistan-Saudi Business Council and chairman of the board of ACWA, within the first meeting of the investors' council in the fuel and energy sector.
The European Union will allocate a grant of 592 million soms to Kyrgyzstan to support reforms in the country's education sector, according to a report by the Kabar news agency.
Tatarstan's head, Rustam Minnikhanov, said cooperation between Tatarstan and India has made significant progress. He pointed to the launch of the TIME business forum, the start of work at the Indian Consulate General in Kazan and the opening of a Tatarstan trade representative office in Mumbai. He said mutual trade is growing at an accelerated pace this year, with turnover for January to July 2027 reaching $1 billion.
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Azerbaijan's gross domestic product (GDP) is forecast to reach 169.1 billion manat in 2030, with the non-oil-and-gas sector's share rising to 82 percent. Day.Az reports that this is set out in the Medium-Term Expenditure Framework published by the Ministry of Finance for the next four years. GDP is projected to reach 141 billion manat by the end of 2027, including 109.1 billion manat from the non-oil-and-gas sector.
The Kyrgyz Cabinet of Ministers plans to introduce criminal liability for “market manipulation” by the end of 2026. According to a report carried by AKIpress, the instruction was given by Cabinet Chairman and head of the Presidential Administration Adylbek Kasymaliev in Cabinet resolution No. 653 of 29 September.
Uzbekistan plans to modernise the oil refineries in Bukhara and Fergana, according to a report by UzA. The President stressed that gas should not only be used to generate electricity but also deeply processed to create greater added value.
Azerbaijan produced 37.521 billion cubic meters of natural gas in January-September 2026, according to a report published on the State Statistics Committee's website.
Uzbek President Shavkat Mirziyoyev met Mehmet Cengiz, chairman of the board of Turkish company Cengiz Holding. The talks took place during a session of the Investors Council in the fuel and energy sector.
Kyrgyzstan has named four sectors it considers promising for cooperation with Turkish business: textile and garment manufacturing, processing of agricultural products, production of modern construction materials, and solar energy. First Deputy Chairman of the Cabinet Daniyar Amangeldiyev made the statement on 16 October at a meeting with a delegation of the Turkey–Kyrgyzstan Business Council.
Today's top Turkic news: Uzbekistan-China ties, Samarkand visit, Kulubaev-Rubio talks, Northern Cyprus festival and Turkmen desertification centre.
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