Uzbekistan is the most populous and youngest of the five Central Asian countries. Its opening economy has recently been growing at a rate of five percent, driven, among other sectors, by the service sector. Key sectors include the abundant mining sector, the modernizing energy sector, the developing education sector, and the traditional textile industry. The market also offers promising opportunities in water management and construction.
Kazakhstan has experienced a significant increase in waste generation driven by economic growth and urbanization. The main source of hazardous waste generation is the mining industry. On one hand, the dynamic of economy has led to increase of waste generation requiring more efficient waste management system. On the other hand, this period of growth presents...
Georgia has a strong agriculture and food industry. The country has significant hydropower capacity that provides most of its electricity needs. The Georgian market offers business possibilities for upgrading the technological solutions in these sectors, as well as possibilities in construction and infrastructure sector. EastCham has published a fresh Market Outlook – if it is...
Azerbaijan is known for its vast energy resources. Now the country is aiming to reduce the weight of the oil sector in economy. There are great conditions for renewable sources of energy, such as wind and solar power, in Azerbaijan. The country is seeking to develop agriculture and education, as well as modernize the industrial sector, which creates a lot of possibilities for Finnish companies.
Uzbekistan’s economy grew by 5.3 % in 2022 driven by strong industrial and services growth. The medium-term outlook remains positive. Since the start of liberalization reforms in 2017, Uzbekistan has done many significant steps towards reduction of trade and administrative barriers for international trade. Market Outlook Uzbekistan
Kazakhstan is the most prosperous and economically developed country in Central Asia. Since the 2000s, Kazakhstan has seen impressive economic growth driven by market-oriented reforms, abundant mineral resources extraction, and strong FDI. Sustained economic growth has transformed the country into an upper middle-income economy. Market Outlook Kazakhstan
