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Agriculture

Spring Sowing Begins in Kyrgyzstan as Officials Stress Food Security

Spring sowing has begun in Kyrgyzstan, where agricultural crops are expected to be planted on a total of 1.25 million hectares in 2026, according to the Ministry of Water Resources, Agriculture, and Processing Industry. Of this area, about 818,000 hectares are irrigated land and 432,000 hectares are rainfed. As of March 12, sowing was underway in the southern regions of Osh, Jalal-Abad, and Batken, as well as in the Chui Valley. Fieldwork has not yet started in the colder regions of Talas, Issyk-Kul, and Naryn. Farmers have so far planted grain crops, including wheat and barley, along with potatoes and various vegetables. The ministry has recommended that farmers prioritize crops considered important for national food security. Turatbek Idrisov, head of the ministry’s Department of Plant Growing, Horticulture, and Cooperatives, said producers should focus on socially significant crops such as wheat, barley, potatoes, onions, and sugar beet. He noted that grain crops and sugar beet are included in the country’s list of strategic food reserves. According to ministry monitoring data, the expansion of livestock farming in recent years has led to increased cultivation of fodder crops, particularly barley and maize. Officials also noted that crops such as maize, raspberries, and strawberries have demonstrated relatively high profitability for farmers. The ministry is encouraging producers to adopt water-saving irrigation technologies, including drip and sprinkler systems. Farmers who implement such methods are eligible for state-supported concessional loans with reduced interest rates. Authorities say Kyrgyzstan is currently fully self-sufficient in six of nine socially significant food products, potatoes, milk, meat, vegetables, eggs, and sugar. However, the country remains partially dependent on imports of three key staples: bread products (including flour and grain), vegetable oil, and fruit.

Nuclear Power Plant

IAEA to Review Uzbekistan Nuclear Power Project in 2026

A mission from the International Atomic Energy Agency (IAEA) is expected to visit Uzbekistan in the second half of 2026 to assess progress on the country’s nuclear power plant project, according to Uzbekistan’s Atomic Energy Agency (Uzatom). Preparations for the visit were discussed during a meeting between Uzatom Director Azim Akhmedkhadjaev and IAEA Director General Rafael Grossi. Uzbek officials said the talks focused on expanding cooperation in nuclear energy and reviewing progress under a joint roadmap aimed at deepening collaboration. According to Uzatom, Grossi noted Uzbekistan’s efforts to develop nuclear energy in line with international standards and IAEA recommendations. He also referred to reforms carried out under President Shavkat Mirziyoyev that, in his view, have helped create the institutional conditions necessary for implementing the nuclear program. The planned follow-up Integrated Nuclear Infrastructure Review (INIR) mission is expected to evaluate preparations for the construction of Uzbekistan’s first nuclear power plant. The facility is planned to be built in the Farish district of Jizzakh Region. Uzbek officials said IAEA specialists will assess progress on key aspects of the project during the visit. Grossi reportedly described the mission as an important stage in the implementation of Uzbekistan’s nuclear energy plans. Discussions also addressed the next practical phase of the project, including the start of initial construction works at the site. According to Uzatom, the planned nuclear power complex is expected to combine both large and small reactor units. At the conclusion of the meeting, Grossi confirmed the IAEA’s readiness to continue supporting Uzbekistan’s nuclear energy program and accepted an invitation to attend events marking the launch of construction. The sides also discussed increasing the number of Uzbek specialists working in the IAEA Secretariat, which officials say could strengthen national expertise in the nuclear sector and expand participation in international projects. The Times of Central Asia previously reported that Belarus has expressed readiness to assist Uzbekistan in developing nuclear power capacity and training specialists, offering to share experience gained through cooperation with Russia.

Economy

Tokayev: Kazakhstan’s GDP Could Reach $320 Billion by End of 2026

Kazakhstan’s gross domestic product could reach $320 billion by the end of 2026, President Kassym-Jomart Tokayev said at a forum for parliamentary deputies. Speaking at the event, Tokayev noted that the global economy is facing heightened geopolitical tensions and trade conflicts, which he linked to declining trust between major powers and what he described as a weakening of international responsibility mechanisms. “Of course, the current situation directly affects our country’s opportunities. But despite this, we are overcoming challenges, maintaining steady economic growth, and consistently implementing our national strategy,” Tokayev said. According to him, Kazakhstan’s GDP reached $306 billion in 2025. He described this as the second-highest level among post-Soviet countries and the highest in Central Asia. Tokayev also said Kazakhstan had entered the world’s top 50 economies and cited forecasts by international financial institutions suggesting that GDP could reach $320 billion by the end of 2026. Investment and reserves Kazakhstan continues to attract significant foreign direct investment, Tokayev said, noting that net inflows had exceeded $150 billion. According to him, this represents about 69% of total investment directed to Central Asia. He added that the country’s financial buffers remain substantial. Gold and foreign exchange reserves stand at about $74 billion, while total reserves, including assets held in the National Fund, amount to approximately $139 billion. Industrial and agricultural growth Tokayev said economic expansion is being driven not only by overall growth but also by structural changes. In particular, manufacturing output has increased by more than 6% annually over the past two years. He also highlighted the importance of the agro-industrial sector, which he said affects the living standards of 7.4 million people, or about 36% of Kazakhstan’s population. State support for agriculture has increased in recent years. In 2025, more than $2 billion was allocated for concessional lending to farmers, which Tokayev described as the largest level of support provided to the sector since independence. According to Tokayev, government policy aims not only to expand agricultural production but also to develop a modern, export-oriented agro-industrial economy. He said that in 2025 around 250 new production facilities were launched in the sector, while international companies increased their presence in agricultural projects. Major investment initiatives involving foreign partners are being implemented in the Almaty, Akmola, Zhambyl, and North Kazakhstan regions, as well as in the city of Shymkent. Total investment in these projects exceeds $1 billion and is expected to create tens of thousands of jobs. As previously reported by The Times of Central Asia, export revenues from Kazakhstan’s agro-industrial sector reached $7 billion in 2025, an increase of 37% compared with the previous year.

Employment

Kazakhstan Authorities Acknowledge Gap Between Real Scale of Shadow Employment and Official Data

Kazakhstan’s authorities have acknowledged a significant discrepancy between official estimates of informal employment and administrative data, highlighting the scale of the country’s shadow labor market. Minister of Labor and Social Protection Askarbek Yertaev said the actual number of people working outside the formal economy could be almost three times higher than indicated by official statistics. He made the statement during a Senate meeting devoted to regional development issues. Presenting the ministry’s assessment of informal employment, Yertaev noted that out of a workforce of 9.7 million people, only 6.7 million made mandatory pension contributions at least once in 2025. Of these, 5.3 million were employees and 1.4 million were self-employed. This leaves around 3 million people without recorded pension contributions. According to the minister, the figure significantly exceeds official estimates. Data from the National Statistics Bureau indicated that at the beginning of 2025, informal employment accounted for about 12% of the employed population, or just over 1.1 million people. Yertaev said the discrepancy suggests that a substantial number of citizens either work informally or underreport their income. Additional evidence of the scale of shadow employment comes from differences between statistical data and digital administrative records. While official statistics show 7.1 million registered employees, the Unified System for Accounting for Employment Contracts records contracts for only 4.1 million people. Among the factors driving workers into informal employment, Yertaev cited overdue debts and the freezing of bank accounts, which he said may encourage individuals to conceal income and avoid formal labour arrangements. To address the issue, the Ministry of Labor plans to expand the use of digital tools aimed at facilitating formal employment. This includes the introduction of AI solutions on the Electronic Labor Exchange portal. According to the ministry, an AI-based system will automatically match job seekers with vacancies based on their education and professional background, while also supporting users throughout the job search process. Deputy Chairman of the State Revenue Committee of the Ministry of Finance Zhanibek Nurzhanov also presented the results of a pilot project on platform employment. Implemented jointly with the Ministry of Labor, the initiative led to the registration of more than 43,000 taxi drivers as individual entrepreneurs under a special tax regime. The State Revenue Committee’s information systems are now integrated with 31 online platforms, a step authorities say should help bring more workers into the formal economy. Participants in the Senate discussion stressed that efforts to reduce shadow employment should combine enforcement measures with policies that encourage voluntary legalization of labor relations. As The Times of Central Asia previously reported, proposals to combat the payment of undeclared wages included sectoral agreements on salary levels and requirements for companies to disclose employment structures.

Crypto Assets

Timur Suleimenov Advances Tokayev Crypto Reserve Plan with $350M Portfolio

National Bank Governor Timur Suleimenov is moving to implement President Kassym-Jomart Tokayev’s crypto strategy, saying Kazakhstan has already formed a crypto-related investment portfolio of up to $350 million from gold and foreign-exchange reserves. The move is the clearest sign yet that Tokayev’s calls for a strategic state role in digital assets are moving from presidential strategy to central-bank implementation. Suleimenov has presented the initiative as a measured reserve-management step rather than a dramatic plunge into direct coin buying. The National Bank is preparing a list of instruments that goes beyond direct cryptocurrency exposure and includes shares of high-tech companies tied to crypto and digital financial assets, index funds and other instruments with similar market behavior. Deputy Governor Aliya Moldabekova said the first investments are expected in April-May, with officials focusing on digital-asset infrastructure companies rather than a large immediate direct allocation to cryptocurrencies. The structure closely tracks Tokayev’s own instructions. In his September 8, 2025 state-of-the-nation address, Tokayev said Kazakhstan should place greater focus on crypto assets and called for a State Digital Assets Fund to be created on the basis of the National Bank’s investment arm to accumulate a strategic crypto reserve. That same address argued that Kazakhstan needed to accelerate the formation of a full digital-asset ecosystem, and The Astana Times reported that the National Investment Corporation, a National Bank subsidiary, will manage the crypto fund. Tokayev had already laid some of the political groundwork a year earlier. In his September 2, 2024 address, he said Kazakhstan should continue improving the regulatory framework for digital assets and mining while further developing crypto exchanges. By May 2025, he was also telling central-bank officials of the Organization of Turkish States that Kazakhstan would introduce new regulations for the secure circulation of digital assets, including cryptocurrencies, stablecoins and tokenized assets. At the same time, Tokayev has paired crypto expansion with tougher enforcement language. During a January 28, 2026 meeting at the Financial Monitoring Agency, he warned that attempts to move capital abroad through cryptocurrency schemes were continuing and said the state needed a stronger barrier against such activity. That caution helps explain why Timur Suleimenov and Tokayev are favoring a state-managed, rules-based portfolio of diversified crypto-linked assets, rather than a rapid expansion into direct cryptocurrency purchases. Taken together, Kazakhstan’s direction is becoming clearer: Tokayev is setting the strategic line, and Timur Suleimenov is translating it into a controlled investment program inside the National Bank. If the first allocations begin on schedule in April or May, the coming weeks will offer the first concrete test of whether Tokayev’s crypto-reserve vision can work under Suleimenov’s more cautious, institutionally managed model.

Afghanistan

From Electricity to Fuel, Central Asia is Doing More Business with Afghanistan

Central Asia is becoming even more important to Afghanistan. After the Taliban returned to power in August 2021, most of the countries of Central Asia established a dialogue with its leadership that focused on business potential, backed up by security promises. This understanding is more important than ever to the Taliban government, as events along Afghanistan’s eastern and western borders have left Central Asia as the only reliable import-export route for Afghanistan at the moment. Booming Trade At the start of March, Afghanistan’s Ministry of Industry and Commerce released figures for 2025 that showed trade with Central Asia increased from $1.79 billion in 2024 to $2.4 billion in 2025. While most of the trade is exports from Central Asia to Afghanistan, reports mentioned that Afghan exports to Central Asia -- mostly to Kazakhstan and Uzbekistan -- increased by 77 percent, from $122 million in 2024 to $216 million in 2025. A closer look shows that Uzbekistan-Afghanistan trade in 2025 totaled some $1.6 billion. A full figure for Kazakh-Afghan trade in 2025 is not yet available. However, trade between Kazakhstan and Afghanistan amounted to some $525.2 million in 2024. Kazakhstan's Deputy Prime Minister Serik Zhamangarin said at a Kazakh-Afghan business forum in Kazakhstan’s southern city of Shymkent in October 2025 that bilateral trade in the first eight months of 2025 had reached some $335.9 million. These figures are certain to have grown. Fresh agreements worth more than $360 million were signed on the sidelines of the Kazakh-Afghan business forum. On March 6, Uzbekistan’s President Shavkat Mirziyoyev signed a decree ratifying the Preferential Trade Agreement between Uzbekistan and Afghanistan. Trade totals for Kyrgyzstan, Turkmenistan, and Tajikistan with Afghanistan are more modest, but, as in the cases of Kazakhstan and Uzbekistan, are set to grow. Kyrgyz-Afghan trade for the 12 months to March 2025 came to some $66 million, but, during a Kyrgyz-Afghan business conference in Kabul commercial contracts worth some $157 million were signed. There are no figures for Turkmen-Afghan trade in 2025, but Turkmen electricity exports to Afghanistan are increasing. Turkmenistan is also preparing to export natural gas to Afghanistan. A natural gas pipeline is slowly being constructed from the Turkmen border to the western Afghan city of Herat, which could start operation as soon as 2027. Tajikistan was the lone Central Asian country to shun contact with the Taliban after they returned to power. Representatives of the previous government of Ashraf Ghani continue to occupy the Afghan embassy in Dushanbe. Tajik and Taliban authorities finally established contacts only in late 2024 but even to this day the two sides rarely meet face-to-face. However, Tajik-Afghan trade in 2025 still totaled some $120 million. Afghanistan’s Ministry of Industry and Commerce noted that most of Central Asia’s exports to Afghanistan are electricity, fuel products, and natural gas. Uzbekistan, Tajikistan, and Turkmenistan export electricity to Afghanistan via transmission lines that were built during the 20 years the Taliban were out of power. Some 80 percent of Afghanistan’s electricity is imported, and most of that (75-80 percent) comes...