Kazakhstan revised its 2021 budget and increased spending by 1.3 trillion tenge ($3.045 billion) to 15.3 trillion tenge in a bid to support the country's so-called "real" economy.

The Central Asian country is making efforts to improve its business and investment climate after more than two decades of economic isolation.

Uzbekistan and Saudi Arabia's ACWA Power signed an agreement to build a 1,500 MW wind farm in the country’s northwestern Karakalpakstan republic, which is expected to become the largest in Central Asia, the Energy Ministry said.

How the self-styled “Asian Geneva” successfully navigated among Russia, China, and the West—at least for now, Iskander Akylbayev and Brian Y.S. Wong write in Foreign Policy magazine.

Banks in Uzbekistan reported a net profit of 1.473 trillion soums ($140 million) in the first quarter of 2021, 81 billion soums up from the same period last year, the Central Bank said.