Kyrgyzstan has openly expressed frustration that, following the outbreak of the war in Ukraine, European countries sharply increased investment in Kazakhstan and Uzbekistan while largely overlooking Kyrgyzstan, Tazabek reported.
Investment concentrated in two countries
Kyrgyzstan’s ambassador to Germany, Omurbek Tekebayev, told a parliamentary committee meeting on April 7, 2026, that roughly 95% of all investment in Central Asia has gone to Kazakhstan and Uzbekistan, leaving Kyrgyzstan and Tajikistan with minimal inflows.
Trade with Germany rises, then slows
Tekebayev said trade turnover between Kyrgyzstan and Germany was previously modest — about $70 million to $80 million in 2018. It has since increased nearly tenfold, reaching between $429 million and $733 million, according to various sources.
However, he noted that trade volumes have recently begun to decline again, citing changes in sanctions on Russia as a key factor.
