• KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
20 September 2026

Viewing results 1 - 6 of 1527

How the Golden Horde Changed Eurasia: An Interview With Marie Favereau

French historian Marie Favereau, a professor of medieval history at Paris Nanterre University, has spent more than two decades studying the Golden Horde and its place in Eurasian history. The Horde developed from territories assigned to Jochi, Genghis Khan’s eldest son. Her book, The Horde: How the Mongols Changed the World, challenges the familiar image of nomadic societies as forces of destruction. It describes a sophisticated political system in which nomadic rulers built and restored cities while maintaining complex economic and diplomatic relations. Favereau visited Kazakhstan for the launch of the book’s Kazakh translation, published by Steppe & World Publishing with support from the French Embassy. The 1,000-copy edition was presented at the National Academy of Sciences in Almaty and at Maqsut Narikbayev University in Astana. At Cassackia Art Space in Astana, Favereau spoke with The Times of Central Asia about why she views the movement of the Horde’s political center toward Central Asia as adaptation rather than decline and how new research is changing perceptions of its legacy in Kazakhstan. She describes Jochi as a figure who changed the Mongol Empire’s geopolitical order, while portraying the relationship between Golden Horde ruler Tokhtamysh and the Central Asian conqueror Timur, also known as Tamerlane, as more complicated than a simple conflict. TCA: How did you begin researching the Golden Horde? Marie Favereau: I started in Paris when I was a student. I was preparing my master’s thesis during my third year at the Sorbonne, one of the main universities in Paris. At that time, I suddenly learned about the Golden Horde, and it immediately caught my interest. I was studying several languages. I was learning Arabic, I already knew some Russian, and I had also started learning Turkish. So I thought, “Wow, this is a topic for me.” However, there were very few books available in French, so it was quite difficult to conduct research. My supervisor told me that I needed to travel to other countries because there was not enough material available in France. For my master’s thesis, I studied the sources of the Golden Horde, as well as Soviet scholarship and the way the Golden Horde was presented in Soviet historical works. That was the very beginning. It was more than twenty years ago. Since then, I have continued to discover new research interests, new sources, and new questions, and I am still working on the subject today. TCA: What difficulties did you encounter when working with historical sources? Favereau: There were several difficulties. One was language, and another was the different writing systems and scripts used in the sources. There was also a lack of academic supervision. When I was doing my master’s degree, I did not have someone who could consistently guide me in this field. Another challenge was that I had never been to Central Asia. I knew very little about the region. At that time, I did not have a clear image of the area in my mind, so I felt that I needed to travel there. But...

Central Asia’s First Korea Summit Produces Different Deals for Each Country

The first Central Asia-Republic of Korea Summit brought five countries to Seoul with very different records of working with Korean capital. Kazakhstan arrived with commercial agreements worth about $19 billion, while Uzbekistan is discussing multibillion-dollar financing through the state-owned Export-Import Bank of Korea. In Turkmenistan, Korean companies are expanding beyond their traditional role in the gas-chemical industry; Tajikistan is offering mineral resources; and Kyrgyzstan is establishing a dedicated government contact point to help attract Korean businesses. On September 16, the presidents of all five Central Asian states met South Korean President Lee Jae Myung together for the first time. Until now, the Korea-Central Asia Cooperation Forum, established in 2007, had operated mainly at a ministerial level. A permanent secretariat was established in 2017, and in 2020 the meetings were elevated to the level of foreign ministers. The leaders adopted the Seoul Declaration, agreeing to hold summits every two years, with Kazakhstan set to host the next in 2028. Ministerial meetings in the intervening years will review implementation and prepare the next summit’s agenda. The declaration also envisages Korea Desks across the five Central Asian countries to help businesses address administrative obstacles. The leaders expressed interest in combining Central Asian minerals with Korean technology to build joint production networks, and agreed to pursue measures to reduce non-tariff barriers. Seoul also sees Central Asia as part of its own industrial strategy. South Korea, one of the world’s leading producers of automobiles, electronics, batteries, and ships, needs stable supplies of energy and raw materials. Opening the summit, Lee spoke of combining the region’s resources with Korean exploration and processing technologies. Critical minerals, energy, and supply-chain resilience were among the main issues at the meeting. In 2025, South Korea’s trade with the five countries reached $10 billion for the first time: Korean exports totaled $8.67 billion, while imports from Central Asia amounted to $1.39 billion. Cumulative Korean investment in the region reached $6.48 billion. Kazakhstan and Uzbekistan continue to account for most of this trade and investment. The talks in Seoul showed how different the next step could look in each of the five countries. [caption id="attachment_56323" align="aligncenter" width="1774"] Image: Akorda[/caption] Kazakhstan: $19 Billion in Agreements and Large-Scale Industry Kazakhstan arrived at the summit with the largest announced commercial package. On September 15, a day before the regional summit, Kazakhstan and South Korea signed around 80 agreements worth approximately $19 billion through the Kazakhstan-Korea Business Council in Seoul. About $11 billion is associated with projects involving Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, which controls major state assets in oil and gas, energy, transport, telecommunications, and uranium mining. The $19 billion figure represents the value of signed agreements and announced projects at different stages of development. Behind the headline figure are several major industrial projects. QazaqGaz and Hyundai Engineering agreed to implement a gas processing plant at Karachaganak with an annual capacity of 5 billion cubic meters. KazMunayGas and Samsung E&A signed an agreement on expanding the Pavlodar refinery’s capacity to 9 million metric tons a...

What Could Come Next in Kazakhstan-South Korea Relations

The first Central Asia-Republic of Korea Summit in Seoul on September 16 will elevate South Korea’s multilateral cooperation with the five countries of the region to heads-of-state level. The Korea-Central Asia Cooperation Forum has existed since 2007 but until now has remained primarily a ministerial mechanism. Seoul is now seeking to establish a sustainable multilateral framework at the leaders’ level. The summit’s agenda is broad, with a focus on innovation, prosperity, and connectivity. One of its main outcomes is expected to be the Seoul Declaration, setting out a medium- and long-term vision for cooperation in supply chains, emerging industries, and people-to-people exchanges. The economic agenda is already taking more concrete shape. South Korea wants to connect Central Asia’s mineral resources with its technologies for geological exploration and processing, while expanding cooperation in artificial intelligence, digital technologies, and science. Seoul also sees infrastructure, water resources, climate, and industry as potential areas for new projects. On September 16, about 500 representatives of government and business will gather alongside the five leaders. The business summit should offer the first indication of how much of the broad political agenda can be translated into investment, contracts, and joint production. Don’t Copy the Korean Miracle South Korea’s experience inevitably comes up in discussions about Central Asia’s development. But the economy that enabled Korea’s industrial breakthrough in the second half of the 20th century was built in a very different international and historical environment. Professor German Kim, director of the Institute for Asian Studies at Al-Farabi Kazakh National University and one of the founders of Korean studies in Central Asia, told The Times of Central Asia that South Korea’s development experience should not be treated as a model that can simply be copied. “South Korea’s accelerated modernization took place under completely different historical and international conditions. Kazakhstan should therefore study not so much the Korean model of the past as today’s mechanisms for supporting talented young people, startups, venture capital, and technological entrepreneurship,” Kim said. From this perspective, the value of the Korean experience lies more in individual mechanisms that work – from financing technology businesses to linking universities, research, and industry. Critical Minerals and Joint Production Critical minerals have become one of the central elements of South Korea’s agenda in Central Asia. South Korean industry needs reliable supplies of raw materials, while the region holds significant reserves of metals used in electronics, batteries, energy, and other high-tech industries. Seoul is already discussing projects individually with countries in the region. In August, South Korea’s Ministry of Trade, Industry and Resources held talks with Tajikistan on industrial cooperation and possible critical-mineral projects. The Korean side also proposed making meetings between the industry ministers of South Korea and the five Central Asian countries a regular mechanism. That proposal has since moved forward. On September 14, the six countries held their first C5+1 Industry Ministers’ Meeting in Seoul, agreeing to strengthen cooperation across critical-mineral supply chains. The plan explicitly extends beyond extraction to local refining and smelting, materials processing, and...

Kazakhstan to Receive Maximum Weight in New JPMorgan Bond Index

Kazakhstan will receive the maximum 8% country weight in JPMorgan’s new index for frontier market government bonds, creating an opportunity to attract new foreign buyers of tenge-denominated debt. JPMorgan plans to launch the GBI-EM Edge by the end of September. The maximum weight for any single country is capped at 8%, and Kazakhstan will receive the full quota. Vietnam, Pakistan, and Bangladesh will have the same weight. Other major components will include Egypt, Morocco, Nigeria, and Sri Lanka. The index will cover 26 countries, with nearly $330 billion in bonds eligible for inclusion. GBI-EM Edge is designed for frontier markets, relatively less accessible markets outside JPMorgan’s main emerging market benchmark. Inclusion is a separate development from Kazakhstan’s efforts to join that main index. The index will serve as a benchmark for international asset managers. Some funds seek to replicate its composition, while others use it to compare the performance of their own portfolios. A country’s weight can therefore influence how much money investors allocate to its bonds. However, the nearly $330 billion represents the value of bonds eligible for the GBI-EM Edge, not the amount of future investment. JPMorgan has not yet said how much capital will directly track the new index. That will largely determine how significant the additional demand for Kazakh debt may be. Foreign Investors Have Already Increased Their Holdings Foreign investors began actively buying Kazakhstan’s government debt even before JPMorgan’s decision. According to the Analytical Center of the Association of Financiers of Kazakhstan (AFK), non-resident holdings of government securities reached KZT 2.5 trillion, or about $5.4 billion, by the end of June. During the first half of the year, their portfolio grew by 28.3%, while the share of non-residents in the government securities market increased from 6.2% to 6.9%. In June alone, foreign investors added KZT 185.1 billion, or about $400 million. Just a year and a half earlier, non-resident holdings stood at around KZT 1.1 trillion, or about $2.4 billion. Kazakhstan has maintained a high base rate to combat inflation. This has also kept yields on government bonds high. According to AFK, real yields on government securities – meaning returns above inflation – ranged from 5.7% to 7.4% in the first half of the year. The association’s analysts also linked strong demand to expectations of a gradual reduction in the base rate. For a foreign fund, the trade can look attractive: raise money in a market with lower interest rates, buy tenge, and invest in Kazakh government bonds. If the tenge remains stable or strengthens, the investor benefits both from the high interest rate and from the currency movement. If the tenge falls, some of that return disappears when the investment is converted back into dollars. The tenge’s appreciation has already helped foreign bondholders. It strengthened by 2.6% during August, ending the month at KZT 461.57 per dollar, according to the National Bank. AFK points to another effect of foreign purchases. To buy the bonds, non-residents sell foreign currency and purchase tenge, increasing the supply...

Women, Cinema and Changing Kazakhstan at QYZQARAS 2026

From August 20 to 30, Almaty hosted the third edition of QYZQARAS, an independent international film festival dedicated to women directors’ voices and the female gaze in cinema. Held this year at the Tselinny Center of Contemporary Culture, the festival presented 21 feature films, including five notable works from Central Asia, among them Kristina Mikhailova’s widely discussed River Dreams. River Dreams had its world premiere in the Berlinale Forum Special section in 2026 and received the Prize of the Ecumenical Jury in the Forum program. The screening marked an important milestone: the film became the first Kazakh documentary feature to premiere at the Berlinale. After a run of international festival appearances, the film returned home: on August 20, it opened QYZQARAS at the Tselinny Center of Contemporary Culture. River Dreams “This epic helped me believe in myself and feel at peace. I believe every frame,” Kristina said after the long applause that followed the final scene. Opening with a striking metaphysical orange river, River Dreams explores the inner lives of women in Kazakhstan. Constantly balancing between dream states and startlingly candid confession, the documentary immerses viewers in a wide range of themes – love, trauma, resistance, and survival – as women reflect on their pasts beside moving water. Grounded in a deeply humanist perspective, Mikhailova’s film presents tenderness as a sustained act of courage. Kristina’s presence behind the camera and the atmosphere of trust on set create an unpretentious portrait of contemporary Kazakhstan. It explores how the image of women is changing in this context, and how women directors themselves are shaping that change. Mikhailova begins with a simple question: “What kind of river are you?” From there, she builds the film around the personal stories of women of different ages and social backgrounds in Kazakhstan. This initial impulse encourages them to compare socially constructed ideals of femininity with what actually exists inside each of them. The most unexpected aspect of the film is the amount of humor. The protagonists’ wry, self-aware voices form an uncompromisingly honest agenda for contemporary Kazakh society: corruption, impunity, language, violence against women, and decolonization. “Decolonization is not only about one’s native language; it is about hierarchy. We look down on one another – it is a slave mentality: ‘I am better than you, so I will discriminate against you,’” says one of the young women featured in River Dreams. The director takes a transparent approach to the sensitive issue of language: in her view, what matters most is not which language we speak, but whether we are speaking about what truly matters. [caption id="attachment_56247" align="aligncenter" width="1024"] Image: Azhar Utezhan[/caption] “The girls did not resist or struggle with the concept of radical vulnerability; it is a very simple idea,” Mikhailova said. The Aksai River, where Kristina grew up and where her father taught her as a child to be stronger, becomes an embodiment of the socio-political whirlpool into which women in Kazakhstan have been drawn over the past 30 years. Unpredictable weather and shifting water levels carry...

Kazakhstan Hijab Debate Exposes Divide Over Secularism

Kazakhstan’s long-running controversy over hijabs in schools has collided with a wider public argument about religion, exposing sharp differences among prominent public figures and institutions over the boundaries of the country’s secular model. The latest religious controversy in Kazakhstan’s social media space was triggered by two statements made within the span of a week. On September 3, well-known Kazakhstani film and entertainment producer and former television host Bayan Alaguzova wrote on Threads that she was “tired of religion and its propaganda.” “I’ll say this right away,” she added. “There’s no need to frighten me with hell – it doesn’t exist for me. Not a single person in the world can claim to have seen hell, or heaven for that matter. Now that is reliable information! The same goes for the 72 virgins thrown into the bargain.” She went on to sarcastically ask how a disembodied spirit was supposed to deprive the heavenly maidens of their virginity. The deliberately provocative tone used by the prominent film and entertainment figure stirred debate among social media users. Soon afterward, another Threads user posted a screenshot of an official complaint submitted through Kazakhstan’s eOtinish system against the producer, calling for Alaguzova’s posts to be examined for possible incitement of religious discord. There have so far been no official reports of further action on the complaint. Even so, Kazakhstanis on social media began joking about how the complainant intended to prove the existence of heaven and hell. Journalists and other users also spoke out in support of Alaguzova. On September 8, in response to the backlash, Alaguzova acknowledged on Instagram that her “words had hurt believers” and offered her “sincere apologies,” explaining that she respected “every person and every faith, as long as it does not harm others.” She then said her remarks had been misunderstood. “All those accusing me of ‘offending the feelings of believers,’ read carefully: I said that I am against the imposition of dogmas alien to our people, against radical and fanatical propaganda, not religion itself... Do you want girls to be married off at the age of nine? To be denied education or medical care? To be beaten supposedly ‘as a preventive measure against the influence of shaitan’? To be taken as wives without anyone assuming responsibility for them? To be easily abandoned simply by loudly saying ‘talaq’ three times? Do you want your daughter or sister not to be an individual in her own right, but simply an appendage to someone else? To be unable to appear in public or speak without permission? To be unable even to protect herself and her children? I am categorically against this!” the producer said. That same day, journalists at a government briefing asked Kazakhstan’s Education Minister Zhuldyz Suleimenova about reports that some private schools had allowed pupils to wear hijabs. Each new school year in Kazakhstan has brought renewed disputes over hijabs in schools. Some Muslim parents, particularly in western Kazakhstan, require their teenage daughters to wear hijabs to school. This conflicts...