• KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
25 October 2026

Viewing results 49 - 54 of 4206

Central Asian States Set Out Priorities After Rubio Talks in Samarkand

Central Asian governments backed closer cooperation on mineral processing and transport at the October 19 C5+1 meeting in Samarkand. Separate talks with U.S. Secretary of State Marco Rubio covered possible aircraft purchases for Kyrgyzstan and further diplomatic engagement with Kazakhstan and Turkmenistan. Uzbekistan announced a $12 billion package of agreements and prospective initiatives during the visit. For the other four Central Asian participants, the published accounts centered largely on cooperation priorities and follow-up discussions. The gathering followed the November 2025 White House summit and accompanied Uzbekistan’s signing of the Artemis Accords. It brought Rubio together with all five Central Asian foreign ministers, combining regional discussions with separate bilateral meetings. Kazakhstan’s Foreign Minister Mukhtar Tileuberdi discussed implementation of earlier presidential agreements with Rubio. The talks addressed attracting American investment and technology, with energy and critical minerals among the priorities. Washington also expressed interest in cooperation on artificial intelligence and communications infrastructure. According to Kazakhstan’s Foreign Ministry, Rubio expressed interest in visiting Kazakhstan after the December G20 summit in Miami. Kyrgyzstan’s talks included immediate obstacles to closer relations. Foreign Minister Jeenbek Kulubaev raised sanctions policy and visa restrictions with Rubio, alongside opportunities for American investment. The Kyrgyz side sought solutions that would facilitate educational and business exchanges. Presidential special representative Bakyt Sydykov briefed the U.S. delegation on Kyrgyzstan’s sanctions-related efforts, with Bishkek reaffirming its willingness to work with Washington to prevent sanctions circumvention. In a separate meeting, Kulubaev discussed possible Boeing aircraft deliveries to Kyrgyz airlines with company vice president Michael Schnabel. Financing options included possible involvement by the U.S. Export-Import Bank. The discussions also covered aircraft maintenance and aviation infrastructure. Tajikistan’s Foreign Minister Sirojiddin Muhriddin discussed expanding trade and investment with Rubio. The ministry’s account also described an exchange on regional security and stability in Central Asia. Turkmenistan reported a more specific diplomatic follow-up. Foreign Minister Rashid Meredov and Rubio outlined a schedule of further meetings and political consultations. U.S. special envoy Sergio Gor also attended the talks. The shared C5+1 statement set out the broader economic agenda. The six governments supported further development of the Trans-Caspian Trade Route and more closely aligned customs procedures. They also backed stronger industrial cooperation within Central Asia. On minerals, the statement envisaged expanded extraction and processing, alongside more production of higher-value goods within the region. It also supported exchanging expertise on geological data. These were collective policy intentions, without country-by-country financing allocations or project completion dates. Security commitments covered stronger border protection and counterterrorism cooperation, alongside efforts against transnational crime. The governments also supported practical cooperation on nuclear security and the peaceful use of nuclear energy.

Tajikistan’s Panjakent Aims to Build Its Tourism Industry

The area around Panjakent in western Tajikistan has ancient ruins, including a UNESCO World Heritage site, as well as picturesque landscapes that have attracted more than 41,000 tourists so far this year. However, the area faces obstacles to development of its tourist industry, including rough roads that make it difficult for visitors to move around. Panjakent city is about 60 kilometers from Samarkand, an ancient city across the border in Uzbekistan whose spectacular cultural heritage makes it one of Central Asia’s major tourist draws. While the Panjakent region has a history extending back thousands of years, it has attracted relatively little international attention as Tajikistan takes steps to build up its tourism infrastructure. More than 41,000 tourists from many countries visited Panjakent in the first nine months of 2026, city officials said, according to Tajikistan’s state news agency Khovar. The city says the area has more than 300 historical monuments in addition to several major sites, including UNESCO-designated Sarazm, whose archaeology traces the development of human settlements in Central Asia from the fourth millennium BCE to the end of the third millennium BCE. Sarazm also provides evidence of trade and cultural ties among societies over a vast area “extending from the steppes of Central Asia and Turkmenistan, to the Iranian plateau, the Indus valley and as far as the Indian Ocean,” UNESCO has said. The U.N. cultural agency said the “proto-urban” site of Sarazm was a major regional center in the working of tin, copper, and other metals, and “is one of the places that gave birth to and saw the development of the major trans-Eurasian trade routes.” The tourism industry has been growing in Panjakent, which now has 24 travel companies, 11 “modern” hotels, 22 guest houses, and numerous restaurants and cafes, according to the city. It also said that a climbing base in the Kuli Kalon area outside Panjakent, which dates from the era of the Soviet Union, is still operating. The Khovar news agency reported that some problems are holding up further development of tourism in Panjakent, including a rough road on the 30-kilometer stretch between the villages of Ruknobod and Artuch. “Every year, tourists pass this road with difficulty,” Khovar reported. The agency also said that the tomb of Abu Abdullah Rudaki, regarded as a founder of Tajik-Persian classical poetry, needs significant repairs. Rudaki was born in Panjrud village near Panjakent and spent many years as a court poet in the Samanid capital of Bukhara. He is believed to have died around 941. While Rudaki is said to have been prolific as a poet, most of his work has been lost.

China-Uzbekistan Economic Ties Expand as U.S. Seeks New Deals

Chinese Premier Li Qiang visited Uzbekistan on October 17–18, just ahead of United States Secretary of State Marco Rubio, who arrived in Samarkand on October 18 with a delegation of American business leaders seeking new contracts. While China already has a substantial presence in Uzbek manufacturing and energy, Washington is seeking to expand American involvement in critical minerals and technology. The visits highlight the growing competition between the world's two largest economies for influence in Central Asia. On October 17, President Shavkat Mirziyoyev received Li Qiang. According to the Uzbek presidential administration, the portfolio of joint projects backed by firm agreements has reached nearly $60 billion. More than 6,000 joint ventures with Chinese participation have been established in Uzbekistan. China is Uzbekistan's largest trading partner. Bilateral trade totaled approximately $16–18 billion in 2025, according to Chinese and Uzbek figures. China accounted for 23% of Uzbekistan's total foreign trade turnover in January–August 2026. Railway Through Kyrgyzstan Construction of the China–Kyrgyzstan–Uzbekistan railway was another topic of discussion. Work officially began in December 2024. The route will cross mountainous areas of Kyrgyzstan and connect the railway networks of China and Uzbekistan. The 304-kilometer section through Kyrgyzstan alone is estimated to cost $4.7 billion and will require 50 bridges and 29 tunnels. Uzbekistan is landlocked, making the cost and timing of its international freight shipments heavily dependent on transit conditions in neighboring countries. The railway through Kyrgyzstan will provide an additional route, reducing reliance on transit through Kazakhstan and potentially shortening journeys between China and Uzbekistan. Beijing considers the railway part of its efforts to develop overland connections under the Belt and Road Initiative. Rubio Arrives with American Business Delegation On October 19, Rubio attended talks in Samarkand under the C5+1 format, bringing together the U.S. and Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Rubio said nearly 300 American businesses were represented in Samarkand. Companies were discussing agreements potentially worth billions of dollars, with concrete announcements expected following the meetings. Among Washington's priorities are critical minerals used in advanced technologies, including electronics and batteries. The U.S. is seeking new sources of raw materials and opportunities to process them outside China. Beijing holds a dominant position in processing several of these materials, and American companies are interested in alternative suppliers. Uzbekistan's mineral deposits include copper and uranium. For Tashkent, an important question is whether American investment will bring new processing facilities and jobs or concentrate mainly on extracting and exporting raw materials. Speaking to reporters in Samarkand, Rubio said the U.S. was not asking Central Asian countries to end cooperation with other partners. Washington intends to compete for contracts and investment projects. Chinese Enterprises and American Contracts The gap between China and the U.S. is particularly stark in trade. According to the Office of the U.S. Trade Representative, American goods trade with Uzbekistan totaled just $1.05 billion in 2025, less than one-fifteenth of the value of Uzbekistan's trade with China. Including services, U.S.–Uzbek trade reached approximately $1.7 billion. Economic cooperation with the U.S. is developing through...

Opinion: The Remittance Economy’s Promise: How Migration Could Support Women Entrepreneurs in Uzbekistan

Migration has become a major socio-economic process, substantially affecting Uzbekistan’s economic development and quality of life. The primary destination countries for labor migrants from Uzbekistan have been Russia, Kazakhstan, the Republic of Korea, and Turkey, as well as certain European and Asian countries. Remittances from migrants have become a major source of foreign currency inflows and a key form of economic support for households. Over time, they have raised economic activity and contributed to greater currency stability. In 2025, remittance inflows to Uzbekistan rose 28% compared to 2024, reaching $18.9 billion. Despite the positive growth of Uzbekistan’s economy, the country still faces limited employment opportunities. Although the unemployment rate dropped to 4.9% in the third quarter of 2025, a noticeable improvement, around 760,000 people remained unemployed and were looking for work. In 2025, the official average monthly salary in Uzbekistan was  6,376,700 soums (about $530 at the year-end exchange rate). This remains relatively low, pushing many working-age people to seek work abroad. When people picture remittances flowing into Central Asia, they usually imagine one scenario: the father who has gone abroad, sending his family in Uzbekistan “survival money” for rent, groceries, and school fees. In some small districts of Uzbekistan, however, this picture is starting to look different. That same money can now also become a source of opportunity: a sewing machine, a voucher for educational courses, or a business plan with a woman’s name on it. A Policy Shift Begins While remittances have substantially improved the living standards of recipient households and have become a crucial source of foreign currency for Uzbekistan, their effect on women is more complex. For some families, money sent home from abroad has been considered “out of the system.” These funds regularly supported family budgets, but financial institutions did not always recognize them as income. Recipients could lack the documented income or credit history needed to qualify for a loan, even when their families had received remittances for many years. However, a pilot program launched in March 2026 by the International Fund for Agricultural Development (IFAD) and the European Union in cooperation with Hamkorbank, one of Uzbekistan’s leading banks, aims to change the picture. According to IFAD, the program’s credit scoring model uses remittances to assess a borrower’s ability to repay a loan. This approach could be transformational for rural women who struggle to access credit directly. It could enable rural borrowers to access formal loans, invest in small businesses, and build a credit history. Alongside the financial support, 900 rural residents, at least 50% of whom will be women, will have access to business and financial literacy training. In addition, 100 participants will receive enterprise mentoring to help them run or scale up their businesses. Faces Behind the Numbers Women face many obstacles in accessing credit, finding employment, and launching a business. According to the World Bank, they own nearly a third of registered micro, small, and medium-sized enterprises in Uzbekistan but receive only about 14% of loans to those businesses. This may be due to limited collateral or...

Kazakhstan ICAO Develop Civil Aviation Master Plan Through 2050

Kazakhstan is working with the International Civil Aviation Organization (ICAO) to develop a master plan for the country's aviation industry through 2050. The country aims to expand its international route network and increase air cargo traffic by capitalizing on its location between Europe and Asia. Saltanat Tompiyeva, chair of Kazakhstan's Civil Aviation Committee, announced the plan at the New Silk Way 2026 transport and logistics forum in Astana. In the first nine months of 2026, Kazakh airlines carried 12.4 million passengers, while the country's airports handled 136,500 tons of cargo. Kazakhstan's international route network covers 31 countries and 137 destinations. Since the beginning of the year, 24 new routes having been launched from Kazakhstan, including flights connecting Almaty with Chongqing and Warsaw, and Astana with Ulaanbaatar. According to Tompiyeva, the master plan will establish a long-term development framework for the aviation sector. To support domestic cargo carriers, Kazakhstan has introduced import incentives for certain categories of aircraft and intends to expand their access to international markets. Several airport development projects were also presented at the forum. Astana International Airport plans to build a second runway and expand its cargo infrastructure by 2035. There are also plans to build a second airport in Astana. In September, authorities signed a framework agreement with Singapore's Changi Airports International to cooperate on building the new airport and developing the existing one. Meanwhile, Aktau has plans for an aviation and logistics hub with projected investment of $400 million to $500 million and Karaganda Airport is developing the QarGo Hub project and aims to increase cargo throughput to 61,000 tons in 2026. The city is also home to Alatau Air Cargo, an airline established as KTZ Air Cargo in late 2025 and renamed in June 2026, which is preparing to launch cargo flights. SCAT Airlines also presented 12 investment projects to develop its hub in Shymkent, including airport infrastructure expansion and the establishment of aircraft maintenance facilities. Kazakhstan also plans to double its fleet of aircraft operated by Kazakh airlines by 2030.

Opinion: C5+1 in Samarkand: What Uzbekistan Expects and What Washington Wants

U.S. Secretary of State Marco Rubio has arrived in Uzbekistan with a delegation representing more than 200 American companies. He is attending a C5+1 ministerial meeting with the foreign ministers of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The agenda includes regional connectivity, energy security, trade, private investment, and economic modernization. The visit brings the format back to its birthplace. The first C5+1 ministerial meeting was held in Samarkand on November 1, 2015, with then-Secretary of State John Kerry. The November 6, 2025, summit in Washington gave the relationship a substantial commercial dimension. Uzbekistan and the United States announced economic agreements and trade contracts worth approximately $34.5 billion. President Donald Trump also said Uzbekistan intended to purchase and invest more than $100 billion in the United States over the following decade. Samarkand is now hosting a ministerial meeting accompanied by a large business delegation. The immediate question is how much of the previously announced portfolio has moved toward financing and implementation. In late September, Uzbekistan's Minister of Investment, Industry, and Trade, Laziz Kudratov, valued the project portfolio with the United States at $35 billion, with approximately $7 billion already completed. On that accounting, about $28 billion remains. In my assessment, the strongest overlap between American and Uzbek interests lies in processing critical minerals inside Uzbekistan, using American financing and technology to serve international supply chains. Washington wants alternative sources of strategic materials. Tashkent wants investment in industrial production rather than simply exporting raw materials. Their positions are less closely aligned on technology and relations with Iran. Uzbekistan seeks access to American artificial intelligence infrastructure while maintaining cooperation with China. It also regards Iran as an important transit partner. Washington's approach to sensitive technologies and sanctions could complicate both ambitions. Another Uzbek priority is ending the application of the Jackson–Vanik Amendment to Uzbekistan, a U.S. trade-law provision dating from 1974 that continues to affect the legal framework for bilateral commerce. Rubio can support its repeal, but Congress must make the decision. Investment Deals The C5+1 format has become more commercially focused. At the Washington summit, the U.S. Department of Commerce organized a dedicated venue for business agreements and announced more than $25 billion in commercial deals involving the five Central Asian countries. Since the Washington summit, Uzbekistan has developed additional channels for economic cooperation with the United States. A bilateral Business and Investment Council has brought together officials and business representatives. Cooperation has also expanded into critical minerals, energy, infrastructure, and advanced manufacturing. In June 2026, Uzbekistan's Ministry of Investment, Industry, and Trade, its Fund for Reconstruction and Development, the U.S. International Development Finance Corporation (DFC), and the Export-Import Bank of the United States (EXIM) announced a joint investment platform. Uzbekistan has also adopted a critical minerals development program for 2026–2030, covering 120 projects valued at $4.2 billion. The first stage includes 12 projects worth $166 million, with plans to produce high-purity selenium, tellurium, and rhenium. These plans reflect Tashkent's industrial priorities. Uzbekistan wants foreign partners to help build processing facilities and...