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CAMCA

Opinion: Central Asia’s Wider Future: The CAMCA Network Brings Regional Cooperation to Baku

Central Asia is helping shape a wider regional agenda, one that connects trade and investment with technology, education, and security. In Baku, the CAMCA Regional Forum is bringing together the people who can carry that agenda forward, with the CAMCA Network helping turn shared interests into opportunities for cooperation. Taking place on October 1–2 at the Fairmont Baku Flame Towers, the 2026 CAMCA Regional Forum convenes policymakers, business leaders, investors, educators, researchers, and entrepreneurs under the theme “The World and CAMCA: A Region at the Crossroads.” Its central question is how regional cooperation can expand economic opportunities and strengthen the capacity of countries and communities to shape their future. The CAMCA Network helps shape this conversation. As a co-founder and co-organizer of the forum, it connects professionals across Central Asia, Mongolia, the Caucasus, and Afghanistan. Its members contribute expertise, lead discussions, and bring the experience of working in the region into the program. They also give the forum continuity: relationships strengthened in Baku can support collaboration long after the gathering concludes. For Central Asia, that wider community matters. The five countries have distinct economic structures, resources, and international relationships. Cooperation must reflect those differences while identifying where shared effort can expand their choices. Connections with the Caucasus, Mongolia, and Afghanistan offer different opportunities and challenges, each deserving a place in the regional conversation. The CAMCA Regional Forum’s discussions of global shifts through 2030 and greater Central Asia–Caucasus convergence address this strategic landscape. “From C5 to a Wider Framework” asks how a broader geography of cooperation might serve the region’s interests. The underlying issue is the ability of countries to shape their own decisions: how working with neighbors can strengthen their options in a changing international environment. Economic connectivity provides a concrete test. Routes across the Caspian and through the Caucasus can help Central Asian countries reach additional markets and partners. Their value depends on dependable transport, workable procedures, and institutions able to coordinate across borders. Businesses need enough certainty to invest, plan, and build lasting commercial relationships. Today’s discussion on connecting CAMCA to the world brings these questions together. For Central Asia, the opportunity extends beyond moving goods through the region. Better connections can support production, logistics, services, and investment within it. The strategic objective is to create more value locally and give regional enterprises a stronger place in wider markets. The forum’s paired sessions on public policy and the private sector approach that objective from complementary directions. Governments influence the conditions under which companies operate. Businesses decide where to commit capital, develop products, and employ people. Bringing these perspectives together helps clarify which barriers require public action and where commercial initiative can move cooperation forward. Technology adds another dimension. The discussion of artificial intelligence asks where CAMCA fits in a rapidly changing global economy. The Digital Silk Road roundtable connects that question with financial services and innovation. For entrepreneurs in Central Asia, digital connections can open access to customers, payments, financing, and partners across borders. The investment and entrepreneurship...

Kashagan Oil Field

Kazakhstan Resumes Collection of $5.2 Billion Kashagan Fine

Kazakhstan has restarted enforcement proceedings to collect a 2.3 trillion tenge ($5.22 billion) environmental fine from North Caspian Operating Company (NCOC), operator of the Kashagan oil field, ending a three-week procedural pause. The proceedings resumed on September 29, according to the Justice Ministry’s online enforcement database. NCOC continues to reject both the allegations behind the fine and the penalty itself, and says it is challenging them through available legal channels. Collection had been suspended on September 7 after NCOC challenged the actions of a state enforcement officer. The Specialized Interdistrict Administrative Court of Atyrau Region requested the enforcement case materials, which required the collection process to stop while the documents were before the court. The Justice Ministry said at the time that the pause was procedural and that collection would resume. The court later rejected NCOC’s claim seeking to overturn the enforcement proceedings. The ruling was reported on September 28, and the enforcement status changed to active on the following day. The fine stems from a 2022 environmental inspection at Kashagan’s onshore facilities in the Atyrau Region that identified about ten alleged violations. Inspectors said more than 1.7 million metric tons of sulfur had accumulated at the Bolashak processing complex, while the operator’s permit allowed storage of no more than 730,000 tons. NCOC has maintained that its sulfur handling complied with Kazakh law and the permits issued for the project. Internal documents reported earlier by The Times of Central Asia showed that Eni had warned as early as 2017 that the project risked exceeding its permitted sulfur-storage capacity. The dispute has moved through several rounds of domestic litigation. The original penalty order was overturned in 2025 because of procedural defects, without dismissing the underlying environmental allegations. Regulators then reissued the penalty. The Atyrau Regional Court upheld the fine on June 19, clearing the way for compulsory enforcement after NCOC did not pay by the July deadline. Kazakhstan then stepped up pressure on the consortium. Enforcement proceedings began in July, and authorities froze NCOC property and vehicles. The company’s managing director was also warned of possible administrative and criminal liability for failure to comply with the court ruling. The domestic enforcement process is running alongside international arbitration. NCOC’s six foreign shareholders have challenged the penalty through treaty arbitration. Separately, NCOC said in July that a tribunal operating under the rules of the United Nations Commission on International Trade Law had issued interim measures barring enforcement while that arbitration remained pending. Kazakhstan’s Justice Ministry rejected NCOC’s interpretation of the interim order. It argued that the commercial arbitration tribunal could not prevent the state from enforcing environmental law and a final domestic court judgment. NCOC has continued to maintain that enforcement should not proceed while the arbitration is unresolved. Kashagan is one of Kazakhstan’s largest oil fields and one of the biggest oil discoveries of recent decades. Recoverable reserves are estimated at between 9 billion and 13 billion barrels. The field produced 18.2 million tons of oil in 2025. The consortium brings together...

Start-ups

Central Asian Startups Go Global

Startups with their roots in Central Asia are increasingly building businesses for customers in the United States, Europe, Asia, and the Middle East. International funds are investing hundreds of millions of dollars in these companies, founders are joining Y Combinator and other Silicon Valley programs, and some startups are moving their headquarters abroad while retaining development teams and ties to the region. Central Asian startups attracted a record $320 million in 2025. However, a large share of the funding was concentrated in just two deals: Higgsfield AI and Uzbekistan’s Uzum accounted for 61% of the total. Excluding them, the market amounted to $124.5 million, still 31% higher than in 2024. This points to two aspects of the current growth: venture capital in the region is already measured in hundreds of millions of dollars, but remains heavily concentrated in a handful of companies. Relatively small technology teams from Central Asia are incorporating in the United States, raising money from American investors, and selling products to global customers. Kazakh Roots, American Market So far, the trend is most visible in Kazakhstan. In 2025, venture investment in Kazakh startups reached $209 million, up from $71 million a year earlier, while the aggregate valuation of funded Kazakh startups stood at $2.16 billion. RISE Research also reported that U.S.-focused startups with Kazakh roots raised more than $214 million. One of the biggest examples is Higgsfield AI, whose co-founders include Uzbekistan-born Alex Mashrabov and Kazakhstan’s Yerzat Dulat. Based in San Francisco, the company develops AI tools for generating images and video. In August 2026, Higgsfield raised $400 million in a Series B round at a $5.4 billion valuation. The round was led by DST Global, with investors including Goldman Sachs Alternatives, Tribe Capital, Intel Capital, and other international funds. By then, the company had more than 30 million users. In September, Higgsfield said its technology was being used in campaigns for 390 Fortune 500 companies. Another route into the U.S. market runs through Y Combinator, one of Silicon Valley’s best-known startup accelerators. In 2025, three startups with Kazakhstani founders – Nozomio, Leaping AI, and Hillclimb – joined the program. Arlan Rakhmetzhanov’s Nozomio develops tools that help AI agents work with large software codebases. After Y Combinator, the company raised $6.2 million from CRV, BoxGroup, LocalGlobe, and other investors. Rakhmetzhanov began working on the project while still in school before moving its development to the United States. Leaping AI, whose co-founder and chief technology officer Arkadiy Telegin is from Kazakhstan, develops voice AI agents for businesses. The company went through Y Combinator, raised a $4.7 million seed round, and shifted its center of operations from Germany to San Francisco. Hillclimb, whose founders include Kazakhstan’s Ibrakhim Ustelbay, develops data and virtual environments for training AI models through reinforcement learning, in which an algorithm improves by receiving feedback on its actions. The U.S. market is also attracting startups outside Y Combinator. Kazakh entrepreneur Bakytzhan Dos is developing Nace.AI in the United States, a platform designed for complex enterprise workflows...

C5+1

C5+1 Meets Again in Samarkand, but Central Asia Has Changed

In mid-October, C5+1 will meet again in Samarkand, where its first ministerial was held in November 2015. The regional actor it was created to engage has, however, changed substantially. Secretary of State Marco Rubio is expected to arrive with representatives of more than 100 American companies for talks focused on regional economic connectivity, energy security, trade, private investment, and economic modernization. John Kerry convened the first C5+1 ministerial in Samarkand on November 1, 2015, after the six governments had met in New York that September and agreed to regular consultations. The initial agenda already treated security, economic connectivity, and environmental problems as fields where regional approaches could add value. The question is what purposes C5+1 serves now. C5+1 itself began with a Kazakhstani initiative. As S. Frederick Starr recently reconstructed the history, Ambassador Kairat Umarov, after consulting Astana, proposed in 2013 that Washington create a regular mechanism for engaging Central Asia collectively rather than only through five bilateral relationships. The State Department subsequently developed the proposal, and the format took institutional shape in 2015. That origin rules out any account in which regional agency appears only later. Kazakhstan helped create the mechanism through which Washington would engage the region collectively; the five states’ own capacity for regional coordination deepened substantially thereafter. The second ministerial in Washington in 2016 launched joint projects in economic connectivity, renewable energy, climate resilience, and security, while explicitly recognizing the value of regional approaches. A secretariat was established in 2022; the format reached presidential level for the first time in New York a year later. That summit also produced plans for a private-sector business platform and a Critical Minerals Dialogue, which held its inaugural meeting in February 2024. Its basic structure has remained the same: the United States engages the five Central Asian states collectively. Alongside C5+1, the five developed their own regional process, independent of any outside partner. President Shavkat Mirziyoyev proposed regular consultations among the Central Asian leaders in 2017, and their first Consultative Meeting took place in Astana in March 2018. Further meetings followed in Tashkent in 2019 and Turkmenistan in 2021 before the process moved to Cholpon-Ata in 2022. Subsequent meetings extended the process into trade, transport, energy, water, security, and cultural cooperation. The process remained intergovernmental and did not require policy uniformity among the five states. It gave them a recurring political process of their own. By 2022, the process had expanded from consultation among the five to coordination in dealing with outside partners. At the fourth Consultative Meeting in Cholpon-Ata, the leaders adopted a regional cooperation roadmap for 2022–2024, a Green Agenda, and a Concept of Interaction of the Central Asian States in Multilateral Formats. A treaty on friendship, good-neighborliness, and cooperation for the development of Central Asia in the twenty-first century was also opened for signature. President Kassym-Jomart Tokayev had proposed regular foreign-minister consultations to develop coordinated approaches to regional and international issues. He specifically connected the multilateral-formats concept to cooperation with non-regional strategic partners. The Concept of Interaction...

Central Asian Music

Put the Needle on the Record: Anvar Kalandarov on Rescuing Soviet Central Asia’s Lost Sounds

For decades, some of Soviet Central Asia’s most inventive recordings survived in an awkward limbo. The music existed, but often on ageing vinyl, scattered tapes, private collections, and copies traded amongst collectors at increasingly extortionate prices. The musicians themselves could be difficult to trace, while the legal ownership of recordings made under the Soviet system was rarely straightforward. Tashkent-based archivist, collector, and producer Anvar Kalandarov has made that ambiguity part of his work. He runs Maqom Soul Records, an Uzbek label devoted to bringing overlooked Central Asian recordings back into circulation. His work ranges from Soviet-era jazz and Uyghur folk rock to music that resists easy classification altogether. [caption id="attachment_57434" align="aligncenter" width="1740"] Anvar Kalandarov holding Synthesizing the Silk Roads; image courtesy of the subject.[/caption] Kalandarov was one of the curators behind Synthesizing the Silk Roads: Uzbek Disco, Tajik Folktronica, Uyghur Rock & Tatar Jazz from 1980s Soviet Central Asia, released by Ostinato Records in 2024. The Times of Central Asia previously traced how wartime evacuation, Soviet recording infrastructure, and Tashkent’s role as a Silk Road crossroads helped create the unusual musical environment captured on that compilation. His more recent projects include Digging Central Asia: Musical Archaeology Along the Silk Road, a collection spanning recordings from the 1970s to the early 1990s, and Maqom Soul’s reissue of Oleg Gotskozik Quintet’s Oriental Suite. Originally issued by Melodiya, the Soviet state record label, in 1979, Oriental Suite fused jazz with Central Asian modal ideas and was recorded at Tashkent’s Gramrecord studio. https://www.youtube.com/watch?v=pTQgbjMNO74 The work is a fusion of archaeology and restoration, with the twists of a mystery story. Kalandarov spoke to The Times of Central Asia about how these recordings are found and given a new lease on life decades after they were first made. TCA: When you decide to reissue a Soviet-era Central Asian recording, where does the process usually begin, and how do you locate the best surviving source material when original masters may be scattered or missing? Kalandarov: It’s different every time. Sometimes I come across the music first; it catches my attention, and only then does the real work begin - finding out who recorded it, where the musicians or their families are today, who holds the rights, and whether the original recordings still exist. In a way, every project becomes a small detective story, because you’re often looking for something that most people have already forgotten about. It’s the same with master tapes. Some recordings have survived in our state archives, while others are still with the musicians or their families, and sometimes you have to look for completely different sources. Of course, the ideal situation is to find the original master, but that isn’t always possible. Tracking down the best surviving source can become a major part of the reissue process itself. [caption id="attachment_57431" align="aligncenter" width="1460"] Anvar Kalandarov; image courtesy of the subject.[/caption] TCA: How difficult is it to establish who holds the rights to these recordings today, particularly when musicians, composers, Soviet state labels, archives, and...

Ferghana Valley

Cementing Peace in the Ferghana Valley

The Ferghana Peace Forum was just held in Tajikistan’s northern city of Guliston. There were some useful proposals and discussions during the September 28-29 event, but the greatest significance of this peace forum is that it happened at all. For most of the 35 years since the three countries that share the Ferghana Valley – Kyrgyzstan, Tajikistan, and Uzbekistan – became independent, the three governments were often at odds with each other, and the valley was the most dangerous part of Central Asia. Keeping the Momentum This was the second Ferghana Peace Forum. The first was in Uzbekistan’s eastern city of Ferghana on October 15-16, 2025. The title of that first forum was “Fergana Valley: Uniting Efforts for Peace and Progress,” and it followed the historic agreement the presidents of the three countries signed in Khujand, Tajikistan, on March 31, 2025, fixing the point where the borders of the three countries meet. The three presidents had met before at multilateral events, such as summits of the Commonwealth of Independent States or the Shanghai Cooperation Organization. But the Khujand meeting was the first time just the presidents of Kyrgyzstan, Tajikistan, and Uzbekistan had met. The Ferghana Valley is one of the most densely populated and fertile areas in Central Asia. Its communities long predate the borders that now divide the valley. Those lines were drawn as internal Soviet administrative boundaries and became international frontiers after 1991. The discussions in Guliston were about how to expand cross-border movement, trade, and mutual development. The heads of the three provinces that border each other in the Ferghana Valley were in Guliston: Khairullo Bozorov from Uzbekistan’s Ferghana Province, Rajabboy Ahmadzoda from Tajikistan’s Sughd Region, and Mamirjan Rakhimov from Kyrgyzstan’s Batken Region. EU Special Representative for Central Asia Eduards Stiprais also attended and addressed the forum, alongside representatives from the EU, OSCE, UN, and other international organizations, along with officials and experts from the three Central Asian countries. Eldor Aripov, Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan, summed up the purpose of the Guliston gathering, saying it was intended to turn mutual understanding into joint initiatives and projects. Among the main goals were facilitating cross-border movement, establishing joint ventures and facilities, educational exchanges between university students in Ferghana Valley cities, and even hosting children from neighboring countries at summer camps. These might seem like small matters, but for those who have watched events in the Ferghana Valley since independence in 1991, they mark a striking change. The third Ferghana Peace Forum will be held in Kyrgyzstan in 2027. The Most Dangerous Area in Central Asia The borders drawn in Moscow during the years Central Asia was part of the USSR were quickly disputed throughout the region after the Soviet Union disintegrated. Nowhere was this more pronounced than in the Ferghana Valley, and predictably so. Agriculture and livestock remain important to livelihoods across much of the valley, so disputes over agricultural land and access to water were inevitable. As the...