• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10784 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10784 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10784 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10784 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10784 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10784 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10784 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10784 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 1366

Kyrgyzstan Proposes Blogger Tax Breaks as Kazakhstan Tightens Scrutiny

Kyrgyzstan and Kazakhstan are taking sharply different approaches to the growing influence of bloggers. In Bishkek, President Sadyr Japarov has signed a decree calling for tax incentives for the IT sector, startups and creative industries, including bloggers, a move that has sparked criticism even from content creators themselves. In Astana, meanwhile, authorities are intensifying scrutiny of influencers’ income and using criminal law in high-profile cases involving online figures. Kazakh tax authorities have continued scrutinizing the earnings of popular bloggers, alongside high-profile enforcement cases. In addition, journalists and other online voices in Kazakhstan have faced prosecution under Article 274 of the Criminal Code, which concerns the dissemination of knowingly false information and carries the possibility of a prison sentence. Japarov’s Tax Initiative Sparks Debate Kyrgyz President Sadyr Japarov’s initiative to introduce tax breaks for the IT sector, startups, and representatives of the creative industries has sparked broad public debate. The decree, signed on June 12 and titled “On Measures to Improve the Tax System and Tax Administration,” calls for broad changes to tax legislation, including five-year tax holidays for several categories of business. Under the decree, companies and entrepreneurs working in software development, information systems, and artificial intelligence may be exempt from number of taxes for five years. The proposed benefits would also extend to startups, outsourcing companies, producers of film, video and television content, bloggers, remote employees of foreign companies, and other creative-industry workers. Under the same preferential regime, authorities also plan to set income tax at 5% and social security contributions at 12% of the average monthly wage for these categories. Kyrgyzstan’s State Tax Service says the new measure will help position the country as a regional center for IT and creative industries, including artificial intelligence. The agency expects the tax incentives to attract investment, stimulate the creation of new startups and increase exports of digital services. Supporters of the initiative argue that reducing the tax burden could provide an important boost for young entrepreneurs and technology companies, allowing them to direct more resources toward product development, the introduction of new technologies, and improved competitiveness. Authorities also hope the measure will help retain young specialists in the country and make Kyrgyzstan more attractive to international companies. At the same time, the proposal has drawn criticism, particularly over the inclusion of bloggers among those eligible for tax benefits. Social media users have questioned why the state is granting tax breaks to content creators while doctors, teachers, and other socially important professions continue to pay taxes in full. Kyrgyz blogger and entrepreneur Ilim Karypbekov has publicly opposed exempting bloggers from taxes. He said content creators earning money from advertising should pay taxes on the same basis as other entrepreneurs. Karypbekov said he supports tax incentives for the IT sector but believes it is a mistake to extend them to bloggers. “If I earned 100 soms, I would give four soms to the state. That is a very small amount,” Karypbekov said, adding that many popular bloggers generate substantial advertising revenue and...

Tokayev and U.S. DFC Chief Discuss Critical Minerals, AI, and Possible Kazakhstan Office

Kazakh President Kassym-Jomart Tokayev met on June 15 with Ben Black, chief executive officer of the U.S. International Development Finance Corporation (DFC), as Astana seeks to expand economic cooperation with Washington and attract more strategic investment. The DFC, the U.S. government's international investment arm, mobilizes private capital in support of foreign-policy and economic-development priorities. A permanent DFC presence in Kazakhstan would give U.S. investors and Kazakh authorities a more direct channel for structuring and financing projects in priority sectors. Welcoming Black, Tokayev described the visit as a continuation of agreements reached during talks in Washington in November 2025, and an important step toward deepening Kazakhstan's multifaceted partnership with the United States. Tokayev said relations between Astana and Washington had intensified since President Donald Trump returned to office. "We fully support the bold vision and pragmatic diplomatic approach of the U.S. President. Kazakhstan plays an active role in advancing key American initiatives, including the Abraham Accords, the Board of Peace, the TRIPP initiative, and other projects. Together, these efforts have given new momentum to our enhanced strategic partnership, which is stronger today than ever before," Tokayev said. The Trump Route for International Peace and Prosperity (TRIPP) has become important to Kazakhstan's transport agenda because a southern Caucasus route could broaden options for the Middle Corridor rather than replace existing Azerbaijan-Georgia links. Tokayev added that Kazakhstan's political and economic reforms are aimed at shifting the country from a resource-dependent model to a diversified, knowledge-based economy, and noted that the DFC's investment priorities align closely with Kazakhstan's development agenda. Black thanked Tokayev for the reception and described his meetings with Kazakhstan's business community in Almaty as productive and substantive. Tokayev emphasized the importance of translating political agreements into practical results and reaffirmed Kazakhstan's readiness to implement joint investment projects. The two sides discussed prospects for cooperation in critical minerals, transport connectivity, agriculture, digitalization, and artificial intelligence. They also reviewed the possibility of opening a permanent DFC office in Kazakhstan. The meeting followed several days of U.S.-Kazakhstan critical minerals diplomacy in Astana. The Times of Central Asia reported that the United States convened a C5+1 Critical Minerals Dialogue on June 10, where U.S. Special Envoy Sergio Gor said Washington saw Central Asia as a partner in diversifying access to strategic materials and highlighted the DFC's potential role in critical minerals, telecommunications, and Trans-Caspian infrastructure. David Fogel, Assistant Secretary of Commerce and Director General of the United States and Foreign Commercial Service, told delegates at the Astana Mining & Metallurgy Congress on June 11-12 that Washington was moving "from dialogue to strategic execution" in the region's critical minerals industry. Fogel noted that the United States had brought an unusually large delegation to Kazakhstan, including representatives of more than 20 U.S. companies and senior officials, underscoring growing American interest in the country's mining, metallurgy, and industrial sectors. Those discussions fit Kazakhstan's attempt to move beyond extraction. Astana is seeking to position its mining sector around processing, technology transfer, and higher-value manufacturing, while linking critical minerals to...

The 43 Kilometers That Could Rewire Eurasia

The Caspian Policy Center’s Trans-Caspian Forum 2026 convened U.S. and regional officials at the National Press Club in Washington on June 10 for a discussion of peace, economic security, and durable partnerships. The forum framed a short Armenia-based link as part of a wider effort to turn the Middle Corridor into a working route for cargo, energy, data, and capital. The strategic dialogue was chaired by Dr. Eric Rudenshiold, CPC research director and senior fellow. Speakers included Aryeh Lightstone, Senior Advisor to the Board of Peace and to Ambassador Steve Witkoff; Hikmet Hajiyev, Assistant to Azerbaijan’s president and foreign-policy department head; Yerzhan Kazykhan, Kazakhstan’s presidential representative for U.S. negotiations; Javlon Vakhabov, deputy adviser to Uzbekistan’s president on foreign policy; and Edil Baisalov, Kyrgyzstan’s ambassador to the United States and presidential special envoy. The meeting came as Washington tries to turn the Armenia-Azerbaijan thaw, the C5+1 critical minerals agenda, and private-sector interest into routes that can move cargo, energy, data, and capital across the Caspian. The discussion cast the Middle Corridor as the main strategic alternative linking Central Asian production to western markets. The Trump Route for International Peace and Prosperity (TRIPP) refers to a planned 43-kilometer link through southern Armenia’s Syunik province, near Meghri and the Arax River, that would connect Azerbaijan with its Nakhchivan exclave. With rail, road, energy, and digital infrastructure, TRIPP is intended to plug into the wider Trans-Caspian route from Central Asia through Azerbaijan and Türkiye to Europe. Aryeh Lightstone opened by placing connectivity inside the Trump administration’s peace and economic-security agenda. His remarks tied Armenia-Azerbaijan diplomacy, the Board of Peace, and the Abraham Accords to the claim that commerce can reinforce peace where standard diplomacy stalled. Lightstone shifted the subject from maps to execution. Customs, regulatory harmonization, digital trade platforms, border procedures, and bankable investment vehicles will decide whether the Middle Corridor becomes a reliable system, he said. His reference to a TRIPP Plus Enterprise Fund pointed to U.S. structures that can move from declarations to projects. Hikmet Hajiyev presented Azerbaijan as the hinge of that system. The Caspian, he argued, does not separate Azerbaijan from Central Asia, but unites them. His line that C5+1 was mathematics while the C6 was chemistry captured Baku’s framing. Azerbaijan is positioning itself as a logistical and strategic extension of Central Asia, connected through Turkic institutions, energy routes, rail, ports, aviation, and digital links. Hajiyev described the Middle Corridor as moving from a supplementary transit route into a strategic geoeconomic system, linking Baku-Tbilisi-Kars rail capacity, Baku port, Nakhchivan, TRIPP, and the planned Trans-Caspian fiber-optic cable with Kazakhstan. Ambassador Kazykhan presented Kazakhstan’s strategic value as something built over time and backed by material capacity, not diplomatic positioning alone. Kazakhstan is by far the region’s largest economy, with the IMF projecting 2026 GDP of about $360 billion. Kazykhan said more than 600 American companies operate in Kazakhstan and cumulative U.S. investment has surpassed $100 billion. Kazakhstan also supplies about 24% of U.S. uranium imports and has reserves or production capacity linked...

Amanat Adilet Merger as Kazakhstan Prepares for New Parliament

Kazakhstan’s long-dominant Amanat party has voted to merge into the newly formed pro-presidential Adilet party, transferring the machinery of the country’s ruling political force into a new vehicle more closely associated with President Kassym-Jomart Tokayev. The move gives Adilet the campaign infrastructure and nationwide network of officials and activists that it lacked as a newly registered party. For Amanat, it offers a way to move beyond a political brand still closely associated with former President Nursultan Nazarbayev. Amanat held a congress in Astana on June 12 that is likely to be remembered as the final meeting of a political organization whose history spans a quarter of a century. For most of that period, the party was known as Nur Otan, the ruling party built around Nazarbayev and chaired by him for much of its existence. The rebrand followed the chaos of January 2022, officially referred to in Kazakhstan as the January Events, when protests triggered by fuel price rises grew into the most serious political crisis in the country’s post-Soviet history. The violence weakened Nazarbayev’s remaining influence and accelerated Tokayev’s effort to distance the political system from the Nazarbayev era. It also made Nur Otan’s association with the former president a political liability. Tokayev took over Nur Otan from Nazarbayev in January 2022. Two months later, the party was renamed Amanat. Tokayev stepped down from the party leadership in April, after Kazakhstan amended its legislation to prohibit the president from being a member of any political party. Since then, Amanat has been led by Yerlan Koshanov, an experienced official and Tokayev ally. At the congress, Koshanov acknowledged that the 2022 name change had failed to remove the party’s association with the previous political era. “Let us be frank,” he said. “Certain associations and assessments related to the party’s past still remain in public consciousness.” Amanat remains politically useful: it has the organization needed to contest elections. But its connection to Nazarbayev’s era sits uneasily with Tokayev’s attempts to present his presidency as a break with the old system. Koshanov told delegates that the country needed “new points of unity” rather than new divisions, and said Amanat should combine its resources with Adilet as part of a single pro-presidential force. Delegates unanimously approved the decision to join Adilet. New Kid On The Block Adilet, meaning “justice,” is a very new party. As previously reported by The Times of Central Asia, it held its founding congress on May 7 and was officially registered by Kazakhstan’s Ministry of Justice on June 1. Its chairman is Aibek Dadebay, a former head of Tokayev’s presidential administration. The party presents itself as a pro-presidential force built around the language of responsibility and reform. On June 14, Adilet held its second congress. Party leader Aibek Dadebay, addressing participants, proposed voting in favor of Amanat joining Adilet, describing it as a decision based on national responsibility and broader state interests rather than narrow party calculations. Delegates approved the merger, confirming that Adilet is less the creation of an...

U.S.-Iran Framework Could Reopen Central Asia’s Southern Route

The United States and Iran said on June 15 that they had reached a framework to end their war, halt the U.S. naval blockade of Iranian ports, and reopen the Strait of Hormuz. The sides said a memorandum of understanding could be signed on June 19 in Switzerland. The exact terms were not immediately known, with Iran’s nuclear program and sanctions relief left for later talks. Pakistani Prime Minister Shehbaz Sharif said the pact called for “the immediate and permanent termination of military operations on all fronts, including in Lebanon.” Trump posted, on Truth Social, “Ships of the World, start your engines. Let the oil flow!” Brent crude fell by more than 4% in early trading, and Asian stock markets advanced. Reuters later said shippers remained cautious after one LNG tanker passed through Hormuz on June 15. A reopened strait would not restore normal traffic immediately, with freight flows depending on mine clearance, insurance rules, port inspections, and shipping guidance for vessels entering the area. Kazakhstan was the first Central Asian state to publicly welcome the latest announcement. President Kassym-Jomart Tokayev praised the political will of the parties, saying they had helped “restore trust and mutually acceptable solutions.” Azerbaijan also issued a supporting statement praising Pakistan’s mediation and saying further talks could support “lasting peace and stability.” Central Asian governments had previously welcomed the U.S.-Iran ceasefire in April, with Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan calling for de-escalation and diplomacy. For Central Asia, oil prices are only part of the story. The larger question is whether de-escalation can reopen practical access to southern trade routes, ports, and markets beyond the Caspian. Since Russia’s full-scale invasion of Ukraine in 2022, the region has paid closer attention to alternatives to routes through Russia. Iran offers one of its shortest paths to the Gulf, the Indian Ocean, Türkiye, and India. But sanctions, banking risk, war insurance, and U.S. policy shifts have kept that path fragile. Chabahar is the clearest example. In May 2024, India signed a 10-year contract with Iran to develop and operate the port on the Gulf of Oman. India’s shipping minister, Sarbananda Sonowal, called Chabahar “a vital trade artery connecting India with Afghanistan and Central Asian Countries.” The port allows Indian cargo to reach Afghanistan and Central Asia without crossing Pakistan, and gives Central Asian exporters another route toward India and the Indian Ocean. The sanctions picture remains uncertain. On October 30, 2025, Washington granted India a six-month waiver that allowed operations at Chabahar to continue. No public replacement had been announced by June 15. The new framework could make another waiver easier to justify, but banks and insurers will wait for signed text, U.S. guidance, and proof that Hormuz and Iranian ports are safe. Reuters cited a senior Iranian official who said the draft framework included no new U.S. sanctions before a final deal, a temporary oil sanctions waiver, and the release of $25 billion in frozen Iranian assets. The same source said Iran would refrain from further enrichment and...

Pannier and Hillard’s Spotlight on Central Asia: New Episode Coming Soon

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, the team will be discussing the latest report on Foreign Information Manipulation and Interference with special guest Samuel Doveri-Vesterbye, Director of the European Neighborhood Council.