Kazakhstan Featurees - The Times Of Central Asia

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Baikonur Cosmodrome

Space Days Kazakhstan Highlights Push Beyond Baikonur

Kazakhstan is home to Baikonur, the cosmodrome from which the Space Age began, but the country has spent three decades trying to turn that Soviet inheritance into a space sector of its own. At Space Days Kazakhstan, held on September 7–9 in Astana and Baikonur, Kazakhstan presented new satellite projects and plans for international cooperation. A day later, talks with China were announced on a separate five-satellite network for Central Asia. By 2030, Astana plans to assemble an international constellation of nine Earth-observation satellites, six of them Kazakh. The country is also upgrading its national satellite communications system, developing new Earth-observation spacecraft at home, and expanding cooperation with China and other partners. Kazakhstan still relies heavily on Russia at Baikonur, and many of its newer projects depend on foreign technology and cooperation. Nevertheless, Astana is seeking greater control over the infrastructure and spacecraft on its own territory while widening the number of countries it works with. Taking More Control at Baikonur One of the clearest examples of Kazakhstan’s attempt to gain more control over its space sector is Baiterek, a joint project with Russia that dates back to 2004. The original agreement called for a new launch complex at Baikonur. But the project spent much of the next two decades being redesigned as Russia changed the rocket it planned to use. Baiterek was first intended for the Angara rocket, then Zenit, and finally Soyuz-5, known in Kazakhstan as Sunkar. Each change brought further delays. After launch targets in 2023, 2024, and 2025 slipped, Soyuz-5 finally lifted off from Baikonur on April 30, 2026. The rocket carried a dummy payload on the first flight in the test program. The launch mattered less for what it carried than for what it represented. Kazakhstan now operates the launch pad and ground infrastructure used by Baiterek, giving it a larger role at a cosmodrome long dominated by Russia. But Russia still builds the rocket. That reflects the wider relationship at Baikonur. The cosmodrome remained on Kazakh territory after the collapse of the Soviet Union, but Russia leases it through 2050 for $115 million a year and continues to use it for its human spaceflight program. In July 2026, Baikonur was again used for an international mission to the ISS. Kazakhstan is therefore not replacing Russia at Baikonur. It is trying to take a larger role in a space complex where Russia remains deeply embedded. But launch infrastructure is only one part of Kazakhstan’s attempt to develop capabilities of its own. Increasingly, the focus is on satellites. Building Satellites at Home KazSat is the country’s national satellite communications and broadcasting system. KazSat-3 currently provides data transmission, television, and other communications services. Its planned operating life ends in late 2029. KazSat-3R is being developed as its replacement. The national operator, the Republican Center for Space Communication, invited more than 40 spacecraft manufacturers to participate in the selection process. Fourteen companies responded: two from Kazakhstan and twelve from abroad. The operator plans to cover more than half...

Education

New OECD Assessment Reveals Central Asia’s Student Performance

International student assessments help governments identify where students are succeeding, where they are falling behind and how learning outcomes are changing over time. The Programme for International Student Assessment, or PISA, tests how well 15-year-olds can apply what they have learned in science, mathematics and reading to real-world problems. Run by the Organisation for Economic Co-operation and Development (OECD), the assessment is intended to identify weaknesses and track whether learning improves over time. The results released on September 8 show improvement in some areas, declines in others and significant gaps in the regional data. PISA 2025 placed particular emphasis on science and introduced a new assessment of computational problem-solving, part of its broader work on learning in the digital world. What the Results Show Kazakhstan, Kyrgyzstan, and Uzbekistan participated nationally. Tajikistan was represented by Dushanbe rather than a national sample, while Turkmenistan did not participate. Participant Science Math Reading Comp. ProblemSolving Kazakhstan 420 414 385 449 Kyrgyzstan 363 364 344 388 Dushanbe, TJK 334 382 368 — Uzbekistan 438 N/A N/A 402 OECD average 482 463 461 500 Kazakhstan recorded the highest published regional scores in mathematics, reading and computational problem-solving, while Uzbekistan recorded the highest score in science. Uzbekistan’s mathematics and reading results were not published, preventing a complete comparison across the three core subjects. Central Asia remained below OECD averages, but Kazakhstan and Uzbekistan scored higher than several EU member states in some subjects. Across OECD countries, average mathematics and reading performance fell to the lowest levels yet recorded by PISA. Science was comparatively stable. What Changed The latest scores and the longer-term trends do not always point in the same direction. Kazakhstan and Uzbekistan both participated in PISA in 2022, while Kyrgyzstan’s previous participation was in 2009. Country ComparisonPeriod Science Math Reading Kazakhstan 2022–2025 −4 −12 −1 Kyrgyzstan 2009–2025 +33 +33 +30 Uzbekistan 2022–2025 +83 N/A N/A Kazakhstan’s mathematics score fell by about 12 points from 2022, a statistically significant decline for the country. Its smaller declines in science and reading were not statistically significant. Kyrgyzstan improved in mathematics, reading and science compared with its previous participation. The gains cover 16 years rather than a single PISA cycle. Uzbekistan recorded the largest movement in the regional results. Its science score rose from 355 in 2022 to 438 in 2025, an increase of 83 points. That was also the largest science gain among education systems with comparable results worldwide and more than twice the next-largest increase of 38 points. What Other Assessments Show Other international assessments help put the larger changes in context. Kazakhstan and Uzbekistan were the only Central Asian countries to participate in the 2023 Trends in International Mathematics and Science Study, or TIMSS. The assessment tests younger students and uses a different methodology from PISA. Among eighth-graders, Kazakhstan scored 443 in science and Uzbekistan 396. Two years later, PISA recorded science scores of 420 for Kazakhstan and 438 for Uzbekistan. The assessments cover different students and testing methods, so the scores cannot be compared directly....

Astana Finance Days 2026

From Transit to Capital: What Investors Were Looking for in Kazakhstan at Astana Finance Days

On the second day of Astana Finance Days, Kazakhstan was trying to answer the question that follows almost every discussion about new railways, power plants, data centers, and factories: where will the money come from? International banks, asset managers, and stock exchanges gathered in Astana, and the conversation quickly reached a point – foreign capital is interested in the country, but its domestic stock market remains too small for many large investors. From Transit to Transactions The title of the first major discussion of the second day – “From Transit to Transactions” – neatly captured the idea. Kazakhstan already earns money from its position between China and Europe and is investing billions in railways, ports, and energy infrastructure. Now Astana wants financial transactions to move alongside the freight, and some of that capital to remain in the country. The Astana International Financial Centre (AIFC), where the forum is being held, was created partly for that purpose. It is a separate financial jurisdiction within Kazakhstan, with its own regulator, court, and legal framework based on the principles of English common law. According to the center, by June 2026 its platform had helped attract $25.3 billion in investment to Kazakhstan, while the number of registered companies had exceeded 5,800. But the presence of international companies does not necessarily mean they are ready to invest. Jad Ellawn, Managing Partner for the Middle East at Brookfield, one of the world’s largest alternative asset managers, began with three conditions. “The fundamental principles for an investor looking to enter a country consist of three components. First is having the proper legislation. Second is respect for capital: a country needs to demonstrate that capital is important to it not only domestically, but beyond its borders. Third is scalability,” he said. “In addition to energy resources, Kazakhstan has many other natural resources, and your country is the ninth-largest country in the world. This means you have many potential industries that you could develop, unlike the Gulf.” Yilmaz Kocagoz of Goldman Sachs, one of the largest U.S. investment banks, looked at Kazakhstan through the lens of manufacturing and infrastructure. “For Kazakhstan to diversify its economy beyond commodities, it needs to develop manufacturing and infrastructure,” he said. Kocagoz also pointed to Kazakhstan’s relatively low government debt burden. For an investor, that means a smaller share of the country’s future revenues is already committed to servicing a large public debt. Nurlan Zhakupov, the CEO of Kazakhstan’s sovereign wealth fund Samruk-Kazyna, put a price tag on the country’s investment program: more than 100 projects worth $105 billion. “We see demand from local businesses and enormous interest from foreign partners. We are also seeing growing consumption of electricity and natural gas, as well as demand for the transportation of electricity, oil, gas, and petroleum products,” Zhakupov said. He ended with an invitation: “Overall, Kazakhstan currently has a good business climate, and now is a good time to enter the Kazakh economy.” The next discussion in the same building helped explain why that does...

Middle Corridor

Middle Corridor Freight Grows, but Eastbound Cargo Lags

Container traffic is growing along the Middle Corridor from China and Central Asia toward Europe, but the route is far less busy in the opposite direction. In the first eight months of 2026, about 80% of container traffic moved westward and only 20% eastward. Operators are now looking for goods in Europe and Türkiye that can be shipped back across the Caspian Sea and Kazakhstan toward Central Asia and China. Container traffic totaled 53,574 TEU along the Trans-Caspian International Transport Route, also known as the Middle Corridor, in January–August. One TEU is equivalent to a standard 20-foot container. During the same period last year, the figure was 48,326 TEU, meaning traffic increased by 11%. But the flows were highly uneven. According to ADY Express, 42,642 TEU moved from east to west, compared with just 10,932 TEU in the opposite direction – a ratio of almost four to one. Interest in the route increased sharply after 2022, when companies began looking for additional ways to move goods between China and Europe without transiting Russia. Over the past several years, participants in the Middle Corridor have focused on increasing shipments from China. New train services have been introduced, while countries along the route have invested in railways, terminals, and Caspian ports. Chinese freight has grown, but there is still not enough cargo for the return journey. For transport operators, the issue comes down to finances. Once containers reach Europe, they need to be used again or repositioned. If there is cargo for the return journey, the equipment generates revenue in both directions. Without it, operators can face the cost of moving empty equipment. The 80%-to-20% split, however, does not establish how many containers actually make the return journey without cargo. Railway companies themselves are now acknowledging the shortage of eastbound cargo. “For this, backhaul freight is necessary,” Emil Mammadov, Adviser to the Chairman of Azerbaijan Railways, said at the Black Sea and Caspian Freight Forum 2026 in Baku. According to Mammadov, attracting cargo from Europe would help increase freight volumes, optimize transportation costs, and allow at least some containers to be returned to their countries of origin. Until now, the route has been promoted more actively in China, Kazakhstan, Azerbaijan, Georgia, and Türkiye. European companies have received less attention. Railway operators are now looking for customers at the western end of the corridor as well. A shipment from Türkiye showed what such a return journey could look like. In May, KTZ Express and Pasifik Eurasia dispatched a train from Izmir to China carrying household refrigerators. Fifty 40-foot containers crossed the Caspian Sea, traveled through Kazakhstan, and continued into China via the Altynkol border station. For now, such shipments remain limited. The Chinese side continues to push for more westbound traffic. On September 9, Azerbaijan Railways held talks with Shanghai International Port Group and Lianyungang Port on expanding shipments of Chinese goods through Kazakhstan, across the Caspian, and through Azerbaijan toward Europe. ADY Express also reported that 265 container block trains operated along...

Kazakhstan Oil Exports

Kazakhstan Seeks Oil Export Alternatives After Latest CPC Disruption

A drone incident near the Caspian Pipeline Consortium (CPC) terminal outside Novorossiysk briefly halted oil loading on September 8, again highlighting Kazakhstan’s dependence on its main export route through Russia. Astana is seeking to expand alternatives, but the difference in volumes remains enormous. According to Kazakhstan’s Energy Ministry, the country exported 64.8 million tons of oil through CPC in 2025. The ministry puts shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline at 1.2 million tons annually. Azerbaijan has said it is ready to receive up to 2.2 million tons of Kazakh oil through BTC annually, although KazMunayGas expects shipments of up to 1.6 million tons in 2026. Even this higher figure would be only around 3% of the volume Kazakhstan exported through CPC last year. The Caspian route allows oil from Kazakhstan to bypass Russian territory entirely. Crude is shipped to the port of Aktau, carried by tanker across the Caspian Sea to Azerbaijan, and then transported through the BTC pipeline via Georgia to the Turkish Mediterranean port of Ceyhan. However, the logistics are more complicated than direct pipeline transportation. A substantial increase in exports could require additional tanker capacity and improvements to transport infrastructure on both sides of the Caspian. Kazakhstan also exports oil eastward to China. Another alternative is the Atyrau-Samara pipeline, although it feeds crude into Russia’s pipeline system and does not reduce reliance on Russian transit. The latest incident temporarily stopped loading at two single-point moorings, the offshore facilities used to load crude onto tankers. Kazakhstan’s Energy Ministry said inspections of the equipment and vessels found no issues affecting continued loading. It reported no environmental impact. Loading resumed, and CPC imposed no restrictions on accepting crude from Kazakh shippers. CPC operations had already been interrupted several times in 2026 following attacks in the terminal area. The disruptions have added up. Energy Minister Yerlan Akkenzhenov estimated that incidents affecting CPC in January and July had caused about 3.5 million tons of lost production. He said Kazakhstan would have to lower its 2026 oil production forecast from 98 million tons to around 96 million tons. The problem for Astana is the scale of its dependence. CPC connects Kazakhstan’s largest oilfields to the Black Sea and accounted for approximately 82% of the country’s 78.7 million tons of oil exports in 2025. Even doubling or tripling shipments across the Caspian would leave CPC dominant. Kazakhstan can gradually spread its exports across several routes, but the alternatives cannot currently replace its main export channel. For more on our special coverage, click here.

Astana Finance Days 2026

Astana Finance Days: From BlackRock to Mining and Data Centers

In a trading hall in Astana, BlackRock was explaining why investors have become more cautious. A few floors away, geologists were pitching 23 mining projects, while financiers debated how many megawatts the next wave of artificial intelligence will require. That was how the first day of Astana Finance Days unfolded, as Kazakhstan brought together financial groups managing more than $26 trillion in assets – and sought to show them where that money could be put to work in Central Asia. The ninth Astana Finance Days is taking place on September 9–10 at the Astana International Financial Centre (AIFC), Kazakhstan’s special financial jurisdiction with its own regulator and a court system based on English common law principles. According to the organizers, around 8,000 participants from 90 countries registered for the forum. Institutions represented include BlackRock, Goldman Sachs, Capital Group, Brookfield, Rothschild & Co., Hong Kong Investment Corporation, and IFC Asset Management Company. The stated $26 trillion refers to the combined assets under management of participating firms worldwide – not investment pledged to Kazakhstan. More concrete signals emerged on the sidelines. Meshal Jaber AlFaras, Janus Henderson Investors’ head of the Middle East, Africa, and Central Asia, said the investment group is considering direct investments in Kazakhstan and plans to expand its presence in the country. Janus Henderson manages around $500 billion in assets. AlFaras did not disclose potential projects or investment amounts. A New Price for Risk One of the first day’s most prominent discussions took place at the Astana International Exchange (AIX), the AIFC’s stock exchange. Ben Powell, Chief Investment Strategist for the Asia-Pacific region at the BlackRock Investment Institute, spoke about how geopolitics is reshaping capital flows. “Today, we are in a structurally new regime – moving into a more complicated world where geopolitical fragmentation is intensifying, alliances are breaking down, and international relationships are changing. Of course, this affects investors. They need to completely rethink their approaches to investing,” Powell said. Higher inflation and interest rates, he continued, are changing attitudes toward risk. For smaller emerging markets, that means greater scrutiny of currency stability, regulation, and liquidity. A few halls away, that global discussion was already turning into pitches for specific mineral projects. From the Geological Map to the Investor Fifteen companies brought 23 mining projects to Astana Finance Days. Most are still at the exploration stage. In the industry, such companies are known as juniors. They search for mineral deposits and try to demonstrate that the resources they discover can eventually be mined profitably. For an ordinary bank, the risk is high: a promising area on a geological map does not yet guarantee a working mine. At the forum, companies briefly pitched their projects before moving into individual negotiations. More than ten Kazakh and international investors and strategic partners attended the pitch session. The Junior Mining Platform, launched this spring, is intended to turn this search for capital into a permanent mechanism. Private investors take on early geological risk; as reserves are confirmed and technical uncertainty declines, larger...