• 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 7 - 12 of 3328

Kazakhstan’s Ancient Karakabak Reveals New Silk Road Links

Archaeologists studying the ancient settlement of Karakabak in Kazakhstan’s Mangistau Region say new findings show the site was part of ancient trade routes linking East and West. The archaeological site is located in Tupkaragan District on the Caspian Sea coast and dates to the 1st to 6th centuries AD. It was first discovered in 2006 during the compilation of Mangistau’s official register of historical monuments by the Mangistau State Historical and Cultural Reserve. Since 2022, excavations and research at Karakabak have been carried out by the Margulan Institute of Archaeology. Researchers have published 24 academic works based on materials from the site, including three monographs and nine articles indexed in the Scopus database. The site was recently visited by scientists and archaeologists working on projects to develop Mangistau’s tourism potential. During the field visit, participants reviewed excavation results and discussed additional research, as well as possible inclusion of Karakabak in regional tourism routes. According to researchers, Karakabak served for several centuries as a center of craft production and trade. Finds point to metallurgy, jewelry-making, glassmaking, and ceramic production. Archaeologists have uncovered locally produced goods as well as imported materials from across Eurasia. [caption id="attachment_50477" align="aligncenter" width="1087"] @gov.kz[/caption] “Of particular scientific interest is a collection of more than 150 coins dating from the 1st century to the first half of the 6th century AD,” archaeologist Andrey Astafyev said. “Among them are issues from Parthia, Ancient Khorezm, Bukhara Sogd, Sasanian Iran, the Kushano-Sasanian state, the Byzantine Empire and China. These finds confirm Karakabak’s active participation in the international trade and economic networks of its time.” Scholars now regard Karakabak as a major ancient trade and transport hub. Researchers believe one branch of the Silk Road may have passed through Mangistau, connecting Central Asia, the Caspian region, and Eastern Europe. Researchers are also studying a possible Azov-Caspian trade corridor that was previously unknown. Based on the findings, Karakabak may have been one of the centers in this network. Evidence points to contacts with the North Caucasus, the Azov region, the Lower and Middle Volga, the Southern Urals, as well as states in Central Asia and the Middle East. “Karakabak allows us to look at the history of Mangistau and Kazakhstan’s place in ancient international communications from a new perspective,” Astafyev said. “The archaeological evidence confirms that this region served for centuries as an important link in trade routes connecting East and West.” The recent discovery of an ancient jug, preliminarily dated to the 6th century AD, has drawn additional attention to the site. Specialists hope its study will provide new insights into the daily life and craft traditions of the settlement’s inhabitants. Researchers are also exploring a possible connection between Karakabak and the ancient city of Aspabota, which was marked on the maps of Greek geographer Claudius Ptolemy as a settlement on the eastern Caspian coast. [caption id="attachment_50478" align="aligncenter" width="720"] @gov.kz[/caption] Scholars say discoveries in recent years have expanded understanding of Mangistau’s historical importance. They confirm that the region was part of trade...

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...

Iran’s Solico Group to Build Major Cheese Plant in Kazakhstan

Iranian food conglomerate Solico Group will build a large cheese production plant in Kazakhstan’s Almaty region, marking a major step in the country’s efforts to expand value-added agricultural processing. Kazakhstan's Agriculture Minister Aidarbek Saparov and Solico Group President Gholam Ali Soleimani signed the investment agreement for the project, which will focus on deep milk processing and industrial-scale cheese production. The plant will have an annual production capacity of 155,000 tons of cheese, with total investment estimated at 35.2 billion tenge, or roughly $70 million, according to Kazakhstan’s Ministry of Agriculture. Construction work has already begun at the site in the Almaty region, and the plant is expected to be completed and commissioned in 2029. Saparov said attracting strategic investors into agricultural processing remains one of Kazakhstan’s key economic priorities. “President Kassym-Jomart Tokayev has tasked the government with increasing the share of processed agricultural products and developing industries with higher added value,” Saparov said. “Kazakhstan’s dairy sector has significant growth potential. In 2025, domestic production of cheese and cottage cheese increased by 13.1%. This project will significantly expand the country’s processing capacity and create a guaranteed market for local milk producers.” He added that the government was ready to provide comprehensive support for investors in priority sectors of the economy. Soleimani described Kazakhstan as a promising regional hub for food production and said the company was considering additional investments beyond the cheese factory. “We view Kazakhstan not just as a site for a single project, but as a long-term strategic partner. The country has strong agricultural potential, a favorable geographic location, and an attractive investment climate. Alongside the cheese plant, we are also exploring projects in potato processing and baby food production.” The agreement includes a broad package of state incentives, including the provision of engineering infrastructure for the production site. Under the terms of the agreement, Solico Group will create at least 400 permanent jobs, provide training for Kazakhstani specialists, and transfer modern industrial technologies and expertise. The company also plans to allocate about 50 million tenge annually from 2028 to 2038 for social initiatives and support for local communities in the Almaty region. The agreement adds to a series of recent Kazakhstan-Iran trade initiatives. As previously reported by The Times of Central Asia, Astana and Tehran said late last year that they aimed to triple bilateral trade to $1 billion in the coming years. Although some joint Kazakhstan-Iran projects were frozen earlier this year because of military conflict in Iran, economic cooperation appears to be recovering. In May 2026, Kazakhstani vegetable oil producers opened a new export route to Iran via the Caspian Sea.

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...

Kazakhstan Registers Five New Gold Deposits as Jewelers Seek Raw Materials

Citing World Gold Council data, Azamat Panbayev, chairman of the Industrial Committee at Kazakhstan’s Ministry of Industry and Construction, said Kazakhstan ranked 14th globally in gold production last year. He was speaking at the VII Forum of Gold Producers of Kazakhstan  held as part of the international Astana Mining & Metallurgy Congress 2026. “The gold mining industry remains one of the strategically important sectors of industry and makes a significant contribution to the country’s economic development,” Panbayev said. “Kazakhstan has a substantial mineral resource base: 374 gold deposits with total reserves of 2,369 tons are currently listed on the state balance sheet. Last year alone, five new deposits with reserves of around 98 tons of gold were added to the state register.” According to the Ministry of Industry and Construction, Kazakhstan produced 71.2 tons of refined gold in 2025, while investment in precious metals production reached $202.6 million, up 38% from the previous year. Gold refining in Kazakhstan is carried out by Tau-Ken Altyn LLP, the country’s only specialized state refinery and a subsidiary of National Mining Company Tau-Ken Samruk JSC. The Astana-based plant purchases doré, a semi-refined alloy containing gold and silver, from gold mining companies and sells gold refined to 99.99% purity. However, only 5% of the raw materials purchased by jewelers in Kazakhstan come from the Astana refinery, said Kanat Baitov, executive director of the Dragnet Association. He estimated that more than 50% of the industry’s raw materials market remains in the shadow economy. “We mine 70 tons of gold every year. If even 20 tons, or at least 5 tons, of that were used for jewelry production, the industry would have real potential,” Baitov said. Kazakhstan has introduced a VAT exemption for jewelers purchasing granulated gold from the state refinery, according to Baitov. “They are ready to supply not only granulated gold but, over time, if volumes increase, they are also prepared to supply alloys to the domestic market and could produce ready-made assay standards for jewelers,” he said, referring to Tau-Ken Altyn. He noted that jewelers would only be able to benefit from the new tax incentives for purchasing raw materials from the state plant if they increased procurement volumes. Currently, by his estimate, purchases do not exceed 30 kilograms per year. He added that such practices could eventually raise questions from the state regarding the origin of the raw materials used by jewelers in Kazakhstan. Zhaniya Dabyr, co-owner of the jewelry company Kazakhyuvelir, said the industry faces several challenges. These include high raw material costs, limited access to financing, the shadow market, insufficient government support, weak promotion in foreign markets, and limited tax incentives. “We propose expanding the mechanism for selling gold to domestic manufacturers and introducing a more flexible system of installment payments, fixing the gold price on the purchase date, as well as considering discounts for domestic producers and additional preferences for export-oriented companies,” Dabyr said. Kazakhyuvelir also proposed creating a digital accounting system for the jewelry market that would cover manufacturers...