• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10866 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10866 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10866 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10866 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10866 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10866 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10866 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10866 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28490 0%
17 December 2025

Viewing results 1 - 6 of 1369

Bishkek to Host Second B5+1 Forum of Central Asia and the U.S.

Kyrgyzstan is preparing to host the second B5+1 Forum of Central Asia and the United States, scheduled for February 4-5, 2026, in Bishkek. On December 12, Kyrgyzstan’s Ministry of Foreign Affairs and Ministry of Economy and Commerce held a joint briefing for ambassadors from Central Asian countries and the United States to outline preparations for the event. The B5+1 platform serves as the business counterpart to the C5+1 diplomatic initiative, which unites the five countries of Central Asia – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan – with the United States. Launched by the Center for International Private Enterprise (CIPE) under its Improving the Business Environment in Central Asia (IBECA) program, B5+1 is supported by the U.S. Department of State and aims to foster high-level engagement between business leaders and policymakers. The upcoming forum in Bishkek builds on the outcomes of the C5+1 Summit held in Washington on November 6 this year. Its objective is to deepen U.S.-Central Asia economic cooperation and highlight the private sector’s pivotal role in advancing economic reform across the region. The event is co-hosted by CIPE and the Kyrgyz government. According to organizers, the forum’s agenda will focus on key sectors including agriculture, e-commerce, information technology, transport and logistics, tourism, banking, and critical minerals. These thematic areas reflect emerging regional priorities and shared interests in enhancing sustainable growth and economic resilience. The B5+1 Forum aims to create a platform for sustained dialogue between governments and private sector actors, encouraging the development of long-term partnerships and policy coordination. The inaugural B5+1 Forum was held in Almaty in March 2024, and brought together over 250 stakeholders from all five Central Asian countries and the United States. The first event centered on regional cooperation and connectivity, with a strong emphasis on empowering the private sector to support the objectives of the C5+1 Economic and Energy Corridors.

Kazakhstan Yet to Decide on Potential Purchase of LUKOIL Assets

Kazakhstan holds the legal right of first refusal on any potential sale of LUKOIL's assets within its territory, but the authorities have not initiated negotiations to acquire them, Energy Minister Yerlan Akkenzhenov has said during a recent briefing. In October, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) expanded restrictions affecting Russian energy companies, including certain transactions involving LUKOIL and Rosneft, granting temporary licenses permitting specified transactions and wind-down activities until November 21. The United Kingdom also issued restrictions on October 15. In response, LUKOIL began exploring the sale of its foreign assets, including holdings in Kazakhstan. LUKOIL has maintained a presence in Kazakhstan since 1995. The company currently holds a 13.5% stake in Karachaganak Petroleum Operating B.V. (operator of the Karachaganak field), 5% of Tengizchevroil LLP (which develops the Tengiz field), 50% of Turgai Petroleum JSC (Kumkol field operator), and 12.5% of the Caspian Pipeline Consortium (CPC), the primary export route for Kazakh oil. However, several of LUKOIL’s international projects, such as its involvement in Tengiz and Karachaganak, as well as the CPC, have received exemptions from U.S. and UK sanctions. OFAC recently extended a license allowing negotiations and agreements related to the potential sale of LUKOIL International GmbH or other affiliated entities until January 17, 2026. Speaking at the briefing, Minister Akkenzhenov stated that Kazakhstan is not rushing to engage in any asset acquisition discussions. "The deadline has now been extended until mid-January, and we are all awaiting the conclusion of that period and any further developments. The government is not currently negotiating the purchase of these assets," Akkenzhenov said. "However, many companies around the world are interested, and I would like to remind everyone that Kazakhstan has priority rights under the Subsurface Code. We will decide in due course whether to exercise this right." Akkenzhenov also addressed the ongoing arbitration dispute over the Kashagan oil field, the largest in the Kazakh sector of the Caspian Sea. According to the minister, substantive legal proceedings are not expected to begin before the second half of 2026, with a more detailed review likely to follow in 2027. “Currently, the process is limited to collecting documents. It is premature to speculate on potential arbitration amounts, as the court has not yet accepted the case for detailed consideration,” he said. As previously reported by The Times of Central Asia, Kazakhstan’s arbitration claims against the NCOC consortium developing Kashagan, which includes Shell, ExxonMobil, TotalEnergies, and Eni, exceed $150 billion.

The Contested Legacy of Kazakhstan’s Independence Day: From Sovereignty to Unrest and Reinvention

On December 16, 2025, Kazakhstan marks the 34th anniversary of its independence. The story of this national holiday mirrors the nation’s own complex path toward sovereignty and statehood. A Difficult Legacy On December 16, 1991, Kazakhstan adopted the Law “On State Independence of the Republic of Kazakhstan,” officially becoming the last Soviet republic to leave the USSR. The date came at the tail end of the so-called “parade of sovereignties,” when other republics had already declared independence. This delay led to a popular saying: “Kazakhstan turned off the lights in the USSR.” In the early years of independence, the holiday was celebrated widely, often with several days off. Yet the date also evokes painful memories. Just five years earlier, in December 1986, the capital city of Alma-Ata (now Almaty) witnessed what are now known as Jeltoqsan köterılısı - the December Events. On December 16, 1986, the Communist Party of Kazakhstan abruptly dismissed First Secretary Dinmukhamed Konaev and replaced him with Gennady Kolbin, a party official from the Russian city of Ulyanovsk with no ties to the republic. This Moscow-imposed decision sparked protests by students and young people that turned violent. While the full causes and consequences remain partially unexplored, the uprising is widely seen as an early expression of resistance to Soviet central control and the imposition of non-Kazakh leadership. The protests were brutally suppressed. For several days, unrest continued in the city, with some incidents fueled by ethnic tensions. In the years since, the December Events have become symbolic of both state repression and the early stirrings of Kazakh nationalism. Because of the proximity of dates, many citizens continue to conflate the date of independence with the December Events. For years, the national holiday was therefore overshadowed by grief and division. Unrest in the Oil Region Independence Day was further marred in 2011 by violent unrest in the oil-rich Mangistau region after months of unresolved labor disputes. On December 16 of that year, striking workers from the OzenMunaiGas company in the town of Zhanaozen clashed with police after demanding higher wages. The protests escalated into riots, with government buildings, hotels, and vehicles set ablaze. ATMs were looted, and a state of emergency was declared. Official figures state that about 20 people were killed and over 100 were injured. The Zhanaozen tragedy underscored deep socioeconomic disparities, particularly in regions rich in resources but lacking infrastructure and basic services. From Old to New Kazakhstan Over time, Independence Day became closely associated with unrest and national trauma. Analysts suggest that full investigations into the December 1986 and 2011 events were hindered by the political legacy of Nursultan Nazarbayev, Kazakhstan’s first president. Nazarbayev held senior posts during the Soviet period and later presided over the country during the Zhanaozen crackdown. In June 2019, Kassym-Jomart Tokayev succeeded Nazarbayev as president and launched a platform of gradual political reform. However, his efforts were reportedly obstructed by entrenched elites aligned with the Nazarbayev era, often referred to as “Old Kazakhstan.” Public discontent boiled over again in January...

Pannier and Hillard’s Spotlight on Central Asia: New Episode Available Now

As Managing Editor of The Times of Central Asia, I’m delighted that, in partnership with the Oxus Society for Central Asian Affairs, from October 19, we are the home of the Spotlight on Central Asia podcast. Chaired by seasoned broadcasters Bruce Pannier of RFE/RL’s long-running Majlis podcast and Michael Hillard of The Red Line, each fortnightly instalment will take you on a deep dive into the latest news, developments, security issues, and social trends across an increasingly pivotal region. This week, we're unpacking Turkmenistan's Neutrality Summit, a rare moment where a string of big names quietly rolled into Ashgabat, and where the public messaging mattered just as much as the backroom deals. We'll also cut through the noise on the latest reporting from the Tajik–Afghan border, where misinformation is colliding with real security developments on the ground. From there, we'll take a hard look at the results of Kyrgyzstan's elections, what they actually tell us about where Bishkek is heading next, and what they don't, before examining the looming power rationing now shaping daily life and political pressure in two Central Asian states. And to wrap it up, we're joined by two outstanding experts for a frank conversation on gendered violence in Central Asia: what's changing, what isn't, and why the official statistics may only capture a fraction of the reality. On the show this week: Daryana Gryaznova (Equality Now) Svetlana Dzardanova (Human Rights and Corruption Researcher)

Kazakhstan’s Independence Day: Plenty to Cheer, More to Consider

As Kazakhstan prepares to celebrate its Independence Day on December 16th, The Times of Central Asia (TCA) sat down with its special correspondent, Javier M. Piedra, a banker, corporate executive, writer, and seasoned international development expert whose professional ties to Kazakhstan date back to 2000. Piedra lived in Kazakhstan for 16 years. Over that time, he headed KPMG’s M&A (2007 – 2012), set up a credit bureau - the only one in the region at the time - and was a senior advisor for a private equity fund. He also taught corporate finance at Narxoz University. Back in Washington, he later managed USAID’s multibillion-dollar Asia Bureau under Donald Trump. Drawing on decades of experience in financial consulting, international development, and regional policy, Piedra offers wide-ranging insights into the nation’s evolution since 1991. In this conversation, he reflects on the mindset of Kazakhstan’s leadership – especially in recent years – that has led to, despite challenges, to its achievements - from economic reforms and institutional development to social progress and an increasingly dynamic national outlook. He highlights milestones worth celebrating, offers guidance to the next generation, and provides nuanced commentary on religious freedom and the country’s ongoing development path. The views expressed in this interview are those of the speaker and do not necessarily reflect the editorial position of The Times of Central Asia. TCA: As Kazakhstan marks Independence Day on December 16, what core achievements of the country are most worth celebrating at this moment in its history? Piedra: On December 16th, I expect – and this is good news – President Tokayev to repeat what he said last year, i.e., “I am convinced that by maintaining our unity, tranquility and stability in society, we will overcome all challenges and reach new heights on the path of progress.” Put simply, Kazakhstan can stay unified and stable despite challenges if it commits to doing so. People need to hear this message because it is positive, and the record supports his optimism. It is worth celebrating the country’s positive attitude and confidence in the future. Kazakhstan’s greatest achievement since independence, despite forces pushing in the contrary direction, has been the ability of its multiethnic and multicultural society to flourish. Kazakhstan has preserved unity, strengthened friendships with neighbors, ensured economic freedoms, and inspired its youth with hope, despite trials, corruption, and human shortcomings. Kazakhstan’s dedication to unity is strengthened by its refusal to get pulled into unnecessary geopolitical ambitions or Great Power maneuverings that tend to rob countries of their sovereignty; this mindset is worth celebrating on Independence Day. TCA: You mention “confidence in the future.” What does that mean in the context of Independence Day? Piedra: The early days of Independence were rough, very rough, not only for Kazakhstan, but for the rest of the countries of Central Asia. Since independence in 1991, Kazakhstan has worked hard to build social and institutional structures that enable people to have greater “confidence in the future,” and there were many mistakes made, but Kazakhstan came...

From the Steppe to Space: Kazakhstan Tests First Direct-to-Cell Phone Call

In a remote part of Kazakhstan, a standard 4G smartphone has made Central Asia’s first satellite-linked phone call, thanks to a field test by Beeline Kazakhstan and SpaceX’s Starlink network. The trial successfully routed a WhatsApp voice call and text messages through Starlink Direct-to-Cell satellites, demonstrating that ordinary phones can stay connected even where traditional mobile coverage ends. The demonstration was carried out in Kazakhstan’s Akmolinskaya region and confirmed the interoperability between Starlink’s satellites and Beeline’s terrestrial network. During the test, Beeline Kazakhstan CEO Evgeniy Nastradin and Kazakhstan’s Deputy Prime Minister Zhaslan Madiyev placed a WhatsApp audio call via Starlink to VEON Group CEO Kaan Terzioglu using a regular smartphone and SIM card. They also exchanged SMS and WhatsApp messages, effectively merging satellite links with the country’s mobile infrastructure for the first time. Kazakhstan has vast stretches of steppe and mountains where cell towers are sparse. Officials involved in the project say satellite-enabled connectivity offers a vital new layer of coverage for these remote regions. “Starlink’s Direct-to-Cell satellites make it possible to stay connected in places where traditional infrastructure is unavailable: in the mountains, the steppe, forests, and across long distances,” Madiyev noted, calling the technology “more than just a convenience – it is an important safety measure [that will ensure people] can stay connected in any part of the country.” Madiyev added that the ability to send a message from a dead zone without any special equipment “has the potential to save lives” in emergencies. Beeline Kazakhstan’s leadership similarly emphasized the significance of the milestone. By blending Starlink’s space-based relays with Beeline’s ground towers, customers will be able to stay connected anywhere in Kazakhstan. The initiative has government support and is backed by Kazakhstan’s Ministry of Artificial Intelligence and Digital Development as part of a push to improve nationwide connectivity. Starlink Direct-to-Cell is a new capability of SpaceX’s Starlink satellite internet constellation that effectively turns satellites into cell towers in space. The satellites carry special cellular antennas (eNodeB modems) and link with ground networks via laser backhaul, allowing a phone to connect to the satellite as if roaming on a normal network. Crucially, this works with existing phones without requiring any new hardware or apps. The technology aims to eliminate mobile dead zones, as over 50% of the world’s land area still lacks cellular coverage. The Kazakhstan trial is part of a broader wave of satellite-cellular convergence. In November, Ukraine became the first country in Europe to launch Starlink’s direct-to-phone service, with VEON’s subsidiary Kyivstar initially offering satellite-powered text messaging to keep people connected during wartime blackouts and disaster situations. Voice calling and data services are expected to follow next year, underscoring the technology’s value for resilience when traditional infrastructure is disrupted. Following this week’s successful test, Beeline Kazakhstan plans to roll out Starlink Direct-to-Cell connectivity for its own customers, beginning with SMS text services in 2026, pending regulatory approval. Data connectivity would come next, expanding to full-service coverage in phases. Beeline serves over eleven million mobile subscribers in...