Australia commits $283M to green hydrogen project by Orica
Australia has pledged $283 million to support a green hydrogen project led by explosives manufacturer Orica, aiming to boost renewable energy producti...
Kazakhstan’s foreign minister met with the EU’s special representative for Central Asia to discuss investment, trade, and regional cooperation. Both sides emphasized digitalization, climate policy, and infrastructure projects, reaffirming their commitment to deeper economic ties.
Kazakhstan’s Deputy Prime Minister and Foreign Minister Murat Nurtleu held talks with Eduards Stiprais, the European Union’s special representative for Central Asia, during his working visit to Kazakhstan.
The meeting covered various aspects of bilateral and regional cooperation, including the implementation of the Enhanced Partnership and Cooperation Agreement between Kazakhstan and the EU. Discussions focused on economic ties, investment projects, and regional security.
Both parties highlighted the importance of advancing the EU Strategy for Central Asia, particularly in sustainable development, digital transformation, and climate policies. They also discussed enhancing transport and logistics connectivity, emphasizing the significance of the Trans-Caspian International Transport Route.
Minister Nurtleu reaffirmed Kazakhstan’s commitment to strengthening its partnership with the EU, underscoring the importance of the upcoming "Central Asia - European Union" summit in Samarkand.
Special Representative Stiprais praised Kazakhstan’s role in fostering regional cooperation and leading major infrastructure and economic initiatives.
The EU remains Kazakhstan’s largest trade and investment partner. Trade turnover between the two reached $49.7 billion, a 16.9% increase. Kazakhstan exported $38.6 billion worth of goods to the EU while importing $11.1 billion. Since 2005, the EU has invested $200.7 billion in Kazakhstan, accounting for 47.8% of the country’s total foreign direct investment. In the first nine months of 2024, EU investments totaled $6.4 billion, making up 50.4% of total FDI. Over 3,000 European companies currently operate in Kazakhstan.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Afghanistan’s Deputy Prime Minister for Economic Affairs, Abdul Ghani Baradar, met with Azerbaijani Prime Minister Ali Asadov in Baku to discuss expanding trade and developing the Lapis Lazuli transport corridor.
Azerbaijan and Kyrgyzstan have explored new avenues for energy cooperation during a high-level meeting in Baku.
Türkiye’s President and Iranian President met on the sidelines of the 17th Economic Cooperation Organization summit in Khankendi, Azerbaijan, highlighting the event’s regional significance.
In his speech at the Economic Cooperation Organization Summit held in Khankendi, the President of Uzbekistan urged to define the medium and long-term development priorities of the organization and put forward a proposal to adopt the concept of 'Strategic Goals of Economic Cooperation – 2035.
President Ilham Aliyev received UAE Minister Sultan Al Jaber in Khankendi on July 4, with both sides praising strong bilateral ties and exploring future energy and cultural cooperation.
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