Kazakhstan's KuickTech secures $500 000 for its US launch, a new air corridor opens with Uzbekistan, and the country adopts a new Ethical Code for its venture industry. Meanwhile, Kyrgyzstan introduces its first domestic laptop, Uzbekistan begins Hyundai car production, and Tajikistan receives a $50 million grant for climate resilience.
Kazakhstan
Kazakh Startup Attracts $500 000 to Launch Service in New York
Kazakhstan-based company KuickTech has raised $500 000 in private investments to launch the fintech startup Avoloan, which focuses on loan refinancing. The founders, programmers from Pavlodar, plan to help Americans pay off credit card debts through this debt refinancing service.
Source: astanahub.com
Ethical Code of Venture Industry Adopted in Kazakhstan
The Ethical Code of the Kazakh Venture Industry was signed at the Astana Hub international technopark. It is expected to become a fundamental document uniting various market players such as venture funds, investors, business angels, and startups. The code outlines principles of integrity, honesty, responsibility, trust, tolerance, fair competition, non-interference by investors in startups' activities, protection of participants' interests, legality, intolerance of corruption, and prioritizing public interests.
Source: astanahub.com
New Air Corridor Opened Between Kazakhstan and Uzbekistan
On July 11, a new route T916 through the airspace of Kazakhstan and Uzbekistan was opened. It serves as an additional route for flights from Europe to Southeast Asia. Airlines such as Lufthansa Cargo, Cargolux, Cargolux Italy, Nomad Aviation, Western Global Airlines, and Aerologic Cargo Airlines have already used the new route.
Source: ans.kz
Kazakh Teacher Collaborates on Song with Spanish Singer Rosalia
Erkanat Sadukhanov, a teacher at a specialized school-gymnasium-boarding school in the Abai region, known by his pseudonym Eraholic, has received an invitation to collaborate from world-renowned Spanish-speaking singer Rosalia.
Source: tengrinews.kz
French Museum Acquires Work by Kazakh Artists
The artwork "The Artist Sleeps" by Elena and Victor Vorobyov was acquired by one of France's largest museums, the National Center for Art and Culture Georges Pompidou.
Source: inform.kz
G7 Countries Ready to Invest in Central Asian Projects
The G7 countries are prepared to invest up to $200 billion in infrastructure projects in Central Asia. This was announced in Astana by Helaine Matza, the acting US special coordinator for the Partnership for Global Infrastructure and Investment program. The program aims to strengthen and diversify supply chains to ensure global food and energy security.
Source: 24.kg
Kyrgyzstan
Kyrgyz Artists Featured in Second Edition of British Art Catalogue
Three artists from Kyrgyzstan — Seid Atambaev, Larisa Pak, and Gulmira Ayipova — are featured in the second edition of the British art catalogue, The Great Steppe Treasury. This art project showcases the works of talented artists from various countries, reflecting the diversity of art, culture, and creativity in the Eurasian region. The catalogue was published by Hertfordshire Press in July.
Source: 24.kg
First Domestic Laptop Meken Presented in Kyrgyzstan
Kyrgyzelectronics JSC has started assembling Meken laptops. The enterprise received test samples of electronic computing machines and equipment from the well-known Chinese company Clovertek Industries, which produces components for laptops and tablets for many world brands such as Acer and Lenovo.
Source: 24.kg
Uzbekistan
Chinese Company Da Fu Launches Metal Structure Plant Near Yangiyul
The plant, built by the Chinese company Da Fu for about $2 million, created 25 new jobs. The plant's capacity is 500 tons of metal structures annually, worth 15 billion soums. Additionally, there are resources to produce an extra 400 tons of products, including for export.
Source: spot.uz
Hyundai Car Production Launched in Syrdarya Region
Hyundai car production has begun at the Asaka Motors plant in the Syrdarya region. Currently, the plant produces six models: the Elantra and Sonata sedans, the Palisade, Santa Fe, and Tucson crossovers, and the Staria minivan.
Source: spot.uz
World Bank to Provide Up to $50 000 for Small and Medium Enterprises
The World Bank's MUNIS project has announced the acceptance of grant applications for small and medium enterprises under the Innovative Capability Program. The program will finance the development of companies' innovative potential to improve their prospects in domestic, regional, and global markets. The grants are intended for the creation or development of products, services, and production processes.
Source: spot.uz
Tajikistan
Asian Development Bank Grants $50 Million to Tajikistan
The Asian Development Bank has approved a $50 million policy-based grant to help the Tajik government create a climate-resilient business environment and support small and medium enterprises in the country.
Source: asiaplustj.info
Tajikistan and Saudi Arabia Strengthen Cooperation
A roundtable was held in Dushanbe with 100 representatives from the public and private sectors of the two countries. Participants highly appreciated the development of bilateral relations and mutually beneficial cooperation covering all spheres of the economy, and agreed to continue holding such events regularly.
Source: khovar.tj
