Category: NEWS

Talks Between the President of Turkmenistan and the Prime Minister of Georgia were focused on Transport, Energy, and Business

Negotiations between President of Turkmenistan Serdar Berdimuhamedov and Prime Minister of Georgia Irakli Kobakhidze took place on 17 July 2026 in Tbilisi.
The sides conducted the meeting in both a tete-a-tete format and with expanded delegations. Ashgabat and Tbilisi signed a substantial package of bilateral documents laying the foundation for long-term partnership following the visit. As Prime Minister Irakli Kobakhidze emphasized during the one-on-one meeting, Georgia attaches great importance to deepening a productive dialogue with Turkmenistan.
From his side, President Serdar Berdimuhamedov mentioned the close cooperation established between the two countries in political-diplomatic, trade-economic, and cultural-humanitarian spheres. Also, Berdimuhamedov thanked the Georgian side for its consistent support of Turkmenistan’s policy of permanent neutrality and its international initiatives at the United Nations.
As the both sides confirmed during the negotiations, they are ready to further deepen relations in the political, trade-economic, cultural, and humanitarian spheres. They paid particular attention to cooperation in the transport and energy sectors. Consequently, Turkmenistan and Georgia recognized the exceptional importance of connectivity and the development of the Middle Corridor. The both countries said they were ready to contribute to the further development of trans-Caspian transport routes. Also, the continuity of the strategic course whose solid foundation was laid in 2015 during the visit of the National Leader of the Turkmen people was stressed during the expanded-format negotiations with government delegations.
They identified the Intergovernmental Commission on Economic Cooperation as the key mechanism for enhancing business partnership, coordinating the growth of bilateral trade. A top strategic priority on the joint agenda was transport and logistics. As the President of Turkmenistan confirmed, he was ready to assist Georgia in accessing the markets of Central Asia, South Asia, and the Asia-Pacific region.
Both sides paid particular attention to the implementation of transit corridors, including the multimodal Lapis Lazuli route (Afghanistan–Turkmenistan–Azerbaijan–Georgia–Türkiye). The integration into the TRACECA corridor system was also mentioned.
Moreover, The President also got interested in expanding cooperation in the energy sector. He was ready to discuss on future collaboration in this area substantively.
Scientific and educational ties, tourism, and intercultural relations were covered by the humanitarian dimension of the talks. The Turkmen side proposed considering sister-city ties between the major port cities of Turkmenbashi and Batumi. This will continue the practice of twinning relations between the cities, following the example of Arkadag and Telavi.
Also, President Serdar Berdimuhamedov invited Prime Minister Irakli Kobakhidze to visit Turkmenistan at a convenient time at the conclusion of the official meeting. Kobakhidze accepted the invitation with gratitude.
Finally, the both sides highly assessed the outcomes of the state visit after the official ceremony.

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Record business registrations in Kazakhstan are driven by foreign ownership

Highest number of newly registered legal entities in nearly three years was recorded in Kazakhstan. As the Data Hub Telegram channel reports, around 4,500 new companies were registered in June alone by the justice authorities. It is the highest monthly figure since November 2022.
The number of newly registered entities increased by 31%, compared with May 2026. Meanwhile, calculations based on data from Kazakhstan’s Bureau of National Statistics show that the year-on-year increase attained 44%.
Much of the growth was created by companies with foreign ownership. Compared with June last year, their number demonstrated a 49% increase month-on-month. Comparatively, only 16, or 0.4% all legal entities registered in June, were wholly state-owned.
Around 2,500 legal entities, or 55.7% of newly registered companies, were privately owned. Meanwhile, around 1,960 entities, or 44%, had foreign ownership.
Almaty demonstrated the most notable business activity, with around 2,400 new legal entities registered. It is more than half of all registrations nationwide in June. They established around 1,700 of those entities with foreign capital.
Then followed Astana (777 new entities registered during the month, around 17% of the total).
The majority of all newly registered legal entities were classified as small businesses. 4,400 belonged to small enterprises category.

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Higher duty-free limit is necessary, according to Free Business association.

According to the Association of Free Businesses, the current limit no longer reflects economic realities. So, the Ministry of Finance has called on to increase the duty-free threshold for postal items from GEL 300 to GEL 900. The association introduced the existing threshold in 2009, but changes in the country’s economy (currency depreciation, inflation and […]