By takumihamano 
In recent years, Russia has been actively engaging with emerging countries, particularly in Central Asia, to strengthen economic ties and influence. This article highlights several key developments that are shaping the economic landscape in these regions.
Kazakhstan has been making significant strides in its energy sector. The country plans to boost its natural gas production by 25% by 2030, increasing from 59 billion cubic meters in 2023 to 74 billion cubic meters. This growth will be driven by both existing and new fields, along with the construction of new gas processing plants. An LNG plant in Astana is also planned, with an initial capacity of 75,000 tons per year, expanding to 100,000 tons per year after the expansion of the Beineu-Bozoi-Shymkent gas pipeline. This pipeline expansion will double its capacity from 15 billion to 30 billion cubic meters per year. (Source: TimesCA)
In Uzbekistan, the IT sector is witnessing significant developments. AB Digital, a leading Uzbekistani IT company, has been acquired by Civitta, a European consulting giant. This merger aims to expand Civitta’s services in IT consulting, web development, and digital product design, accelerating digital transformation for businesses in the region. AB Digital’s clients include major organizations such as the National Bank of Uzbekistan and Uzbekistan Airways. (Source: Spot.uz)
Kazakhstan is also focusing on sustainable development. The country has forged a Framework Cooperation Program for Sustainable Development with the UN for 2024, with a new program for 2026-2030 in the pipeline. This program aims to empower people, build strong institutions, and promote a sustainable and inclusive economy. The opening of a UN Regional Center for Sustainable Development in Almaty is also under consideration. (Source: KT.kz)
In the financial sector, Kazakhstan’s ForteBank has shown robust performance. In 2024, its depositors earned approximately KZT 70 billion in interest, with total deposits in Kazakh banks increasing by 19.3% year-over-year. ForteBank’s assets total KZT 4 trillion, and its equity is KZT 563.6 billion. The bank offers competitive interest rates on deposits and provides various financial products to its customers. (Source: Kapital.kz)
These developments highlight the dynamic economic activities in emerging countries, with Russia playing a significant role in fostering growth and development in the region. As these countries continue to evolve, their economic landscapes will offer new opportunities for businesses and investors alike.