• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 13 - 18 of 1131

Central Asia Seeks More Local Value From Critical Minerals

Rising demand for critical minerals is drawing Central Asia deeper into global supply chains, but the region’s harder test is not whether it has the deposits. It is whether more value can stay at home. Copper, tungsten, graphite, antimony, rare earths and other metals now sit at the center of battery production, power grids, chips, weapons systems, and renewable energy. Governments across the region want the sector to bring capital, jobs, and technology. The risk is another cycle in which raw materials leave the region, and most of the value is created elsewhere. The scale of the region’s reserves explains why outside interest is rising. An OECD review of critical raw materials in Central Asia says the region holds 39% of global manganese ore reserves, 31% of chromium, 20% of lead, 13% of zinc, 9% of titanium, 6% of aluminum, and 5% each of copper, cobalt, and molybdenum. The same review says Kazakhstan can export 21 of the 34 critical raw materials on the EU list, while Kyrgyzstan has the world’s third-largest antimony reserves, and Uzbekistan has the world’s eleventh-largest copper reserves. Uranium widens the picture: Kazakhstan is the world’s largest uranium producer, accounting for 39% of mined uranium supply in 2024, according to the World Nuclear Association. Kazakhstan has moved fastest in turning this base into policy. The prime minister’s office says the country will spend about $500 million over three years on geological exploration and modernizing infrastructure. The plan includes seismic surveys, new data systems, and a geological cluster in Astana. The government wants to raise geological study coverage to 2.2 million square kilometers. President Kassym-Jomart Tokayev has linked the sector to Kazakhstan’s wider industrial plans. In his 2025 state-of-the-nation address, Tokayev said the mining and metallurgical complex still had “significant growth potential, particularly in the production of high-value-added products.” New discoveries have sharpened that push. Kazakhstan’s industry ministry said in 2025 that geologists had identified the Zhana Kazakhstan rare earth site, with estimated resources of more than 20 million metric tons. The site contains neodymium, cerium, lanthanum, and yttrium. Officials have also cited the Kuirektykol site in the Karaganda Region, where confirmed reserves are estimated at 795,800 tons, with total resources estimated at 935,400 tons. Uzbekistan is making its strongest move in copper and processing capacity. In March, President Shavkat Mirziyoyev launched Copper Concentrator No. 3 at the Almalyk Mining and Metallurgical Complex. The $2.7 billion facility is designed to process 60 million tons of ore and produce about 900,000 tons of copper concentrate per year. Once fully operational, it is expected to raise daily concentrate output at Almalyk from 2,400 tons to 5,000 tons. Uzbekistan’s minerals push has also drawn U.S. support. Uzbekistan and the United States signed a memorandum on critical minerals and rare earth supply chains in February, giving Tashkent a clearer place in Washington’s effort to diversify critical minerals supply chains beyond China. The U.S. International Development Finance Corporation later signed a Joint Investment Framework with Uzbekistan, stating that this would “promote cooperation...

Erdoğan Visit Puts Trade, Transit, and Turkic Economic Integration at Center of Kazakhstan’s OTS Push

Turkish President Recep Tayyip Erdoğan’s visit to Kazakhstan comes as Astana is trying to give the Organization of Turkic States a more practical economic role, linking trade, investment, transport, digital development, and business financing across the Turkic world. The visit centered on three connected events: Erdoğan’s official visit to Astana, the sixth meeting of the Kazakhstan-Turkey High-Level Strategic Cooperation Council, and the informal summit of the Organization of Turkic States in Turkistan. Erdoğan arrived in Astana ahead of talks with President Kassym-Jomart Tokayev, while Turkish media reported that the agenda included transport links through the Middle Corridor, Caspian transit routes, energy security, logistics, defense industry cooperation, trade and investment. The visit also carried strong symbolic staging. According to Akorda, Erdoğan’s aircraft was escorted by Kazakh Air Defense fighter jets after entering Kazakhstan’s airspace. At Astana airport, he was greeted by an honor guard, children waving the flags of Kazakhstan and Turkey, and military helicopters displaying the national symbols of both countries. Erdoğan later said the welcome had brought his delegation “enormous joy,” adding, “We certainly will not forget this.” [caption id="attachment_48862" align="aligncenter" width="1280"] Kazakh aircraft fly over Astana during the ceremonial welcome for Erdoğan. Image: Akorda[/caption] The OTS summit is being hosted by Kazakhstan on May 15 in Turkistan under the theme “Artificial Intelligence and Digital Development.” According to the organization, the summit is intended to advance cooperation on artificial intelligence, digital innovation, emerging technologies, public services, sustainable economic growth, and regional connectivity. The digital theme reflects Kazakhstan’s effort to give the OTS a more practical economic role, beyond its cultural and diplomatic foundations. Ahead of the summit, Astana hosted a business forum on May 13 under the title “Economic Integration and Cooperation of the OTS Countries: New Opportunities in Industry, Agro-Industrial Complex, Logistics and Digitalization.” Kazakhstan’s prime minister’s office said the forum brought together state bodies, financial institutions, chambers of commerce, international organizations, and business representatives from OTS countries. Kanat Sharlapayev, chairman of the Union of Chambers of Commerce and Industry of Turkic States and of the presidium of Kazakhstan’s Atameken National Chamber of Entrepreneurs, urged Turkic countries to move toward deeper industrial and digital integration. He said the task was to create a unified digital environment, reduce the distance between producers and consumers, increase transparency, and speed up transactions. The forum also discussed plans for joint industrial facilities and manufacturing zones along transport corridors, an idea that would push OTS cooperation beyond transit toward processing and value-added production. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin used the forum to frame OTS cooperation as one of Kazakhstan’s foreign economic priorities. He said the OTS countries form a market of more than 170 million people and have significant industrial, transport, agricultural, and human potential. He also said the main task was to move from declarations to joint projects, new production, technology alliances, and mutual investment. Silk Way TV reported that Murat Karimsakov, chairman of the Kazakh Chamber of International Commerce, said trade turnover among OTS countries increased...

Kyrgyzstan’s Industrial Output Rises as Employment Falls

Industrial production in Kyrgyzstan has increased more than six times over the past 15 years, although the sector’s share of the national economy has declined and employment in industry has fallen sharply, according to data from the National Statistical Committee. By the end of 2025, industry accounted for 17.7% of Kyrgyzstan’s GDP, compared to 20.7% in 2010. At the same time, industrial output increased by more than 530% over the same period. In 2010, the value of industrial production was estimated at around $1.4 billion, while by 2025 output had reached approximately $9.1 billion. The figures indicate significant industrial growth, although other sectors of the economy, particularly trade and services, have expanded even faster, analysts say. The sector has also experienced a sharp decline in employment. Around 268,000 people worked in industry in 2010, but by 2025 that number had fallen to 144,000. At the same time, the number of industrial enterprises increased from roughly 2,000 to 2,400, which statisticians say points to structural changes and rising productivity. Manufacturing remains the backbone of Kyrgyzstan’s industrial sector, accounting for nearly 80% of all industrial enterprises. The country’s main industrial segments include food processing, textile production, construction materials, and primary raw-material processing, including metallurgy. High-tech industries such as machinery manufacturing, electronics, and advanced chemical processing remain underdeveloped. Energy accounts for around 10.2% of industrial production, while mining contributes 9.2%. Economists note that much of Kyrgyzstan’s processing industry still produces goods with relatively low added value. The raw materials sector, particularly gold mining, continues to be one of the main drivers of industrial growth despite its comparatively modest share in the overall production structure. At the same time, energy development remains one of the biggest constraints on further industrialization. Despite active construction of solar and wind power plants, small hydropower stations, and implementation of the large Kambar-Ata-1 hydropower project, Kyrgyzstan continues to face electricity shortages during the winter season. The energy deficit limits the launch of energy-intensive industries and continues to restrain investment inflows into the industrial sector.

Opinion: A New Southern Gate – How the EU-Armenia Summit Unlocks a Critical Branch for the Middle Corridor

For the first time in its history, the European Union held a full summit with Armenia. The meeting, which took place in Yerevan on 4–5 May 2026, was not merely a diplomatic milestone for Armenia. It also sent a signal to governments thousands of kilometers away in Central Asia that the trade route linking Asia to Europe through the South Caucasus is becoming more real, and more politically backed, than ever before. The centerpiece of the summit saw the signing of a “Connectivity Partnership” between Brussels and Yerevan. The European Commission President, Ursula von der Leyen, described Armenia as "uniquely positioned" to connect Europe with the South Caucasus and Central Asia. Under the EU's Global Gateway program, investments in Armenia are expected to reach €2.5 billion. A further €3 billion is earmarked specifically for the Middle Corridor – the trade route that runs from China across Central Asia, over the Caspian Sea, through the South Caucasus, and into Europe. “We will support your integration into key transport networks like the Trans-Caspian Corridor. It is a route that is also of strategic importance for Europe, given the growing flows of trade between our two regions,” von der Leyen stated. A Route That Is Already Moving Fast The Middle Corridor, formally known as the Trans-Caspian International Transport Route (TITR), has grown at a pace that few predicted. Cargo volumes rose 70 percent in the first nine months of 2024 alone, reaching 3.4 million tons. By the end of that year, the total had climbed to 4.1 million tons – up from just 350,000 tons in 2021. The World Bank projects that the route could handle up to 11 million tonnes a year by 2030. It's important to maintain some perspective. These numbers are small fry when compared to the billions of tons of trade that moves between Europe and Asia by sea. However, the Middle Corridor does offer important diversification, particularly given the spillover effects of wars in the Middle East and piracy in the Red Sea. [caption id="attachment_48602" align="aligncenter" width="1274"] Image: Trans Caspian International Transport Route and it’s southern part, China-Kyrgyzstan-Uzbekistan Railway project. Source: middlecorridor.com[/caption] Where Uzbekistan Stands For Uzbekistan, the Middle Corridor is both an opportunity and a work in progress. In January 2025, President Mirziyoyev signed a decree to upgrade road and rail connectivity, and in September 2024, Tashkent co-founded the Eurasian Transport Route Association alongside Austria, Azerbaijan, China, Kyrgyzstan, Tajikistan, and Turkey. In December 2024, Uzbekistan sent its first block train all the way to Brazil – through Turkmenistan, Azerbaijan, and the Georgian port of Poti – proving the route is operationally viable. But costs remain a challenge. Shipping a 40-foot container via the Middle Corridor currently costs between $3,500 and $4,500, compared to $2,800–$3,200 on the Northern Corridor through Russia. Europe, meanwhile, accounts for only around 3 percent of Uzbekistan's exports and 13 percent of its imports — a share that Tashkent wants to grow significantly. The China–Kyrgyzstan–Uzbekistan (CKU) railway — a $8 billion, 573-kilometre project whose...

No Tanks on Red Square as Moscow’s Victory Day Pull Fades in Central Asia

Russia’s Victory Day parade on May 9 is set to be more restrained this year, with tanks, armored vehicles, and missile systems absent from Red Square for the first time in nearly two decades. The Russian Defense Ministry cited the “current operational situation,” while the Kremlin blamed what it called Ukrainian “terrorist activity.” Russia also reported drone attacks aimed at Moscow in the days before the ceremony, and security around President Vladimir Putin has been tightened. The reduced scale of the parade carries a resonance beyond Russia. Victory Day remains one of the most emotionally charged dates in the post-Soviet calendar, including in Central Asia, where families still remember relatives who fought, died, or labored during World War II. But across the region, the holiday has increasingly been placed inside national calendars rather than left as part of Russia’s political script. The contrast with last year is sharp. In 2025, Moscow marked the 80th anniversary of Nazi Germany’s defeat with its largest Victory Day parade since the start of Russia’s full-scale invasion of Ukraine. Chinese troops marched on Red Square, Xi Jinping sat beside Putin, and foreign leaders attended from across Asia, Africa, Latin America, and the former Soviet space. Tanks, rocket launchers, missile systems, drones, and other military hardware rolled through the square. This year’s guest list is more limited. The Kremlin’s initial list of foreign delegations included leaders and senior figures from Belarus, Laos, Malaysia, Slovakia, the breakaway republics of Abkhazia and South Ossetia, and representatives from Bosnia and Herzegovina’s Republika Srpska. Attendance has also been hard to read. Earlier reports said Kazakhstan’s Kassym-Jomart Tokayev and Kyrgyzstan’s Sadyr Japarov were expected in Moscow, while the Kremlin’s initial published list of foreign guests did not include any Central Asian presidents. On May 8, however, Kazakh and Uzbek media reported that Tokayev and Uzbekistan’s Shavkat Mirziyoyev were traveling to Moscow for Victory Day events. The late confirmations complicate the picture, but they do not restore the full regional show of unity seen in the last two years, when all five Central Asian presidents were present at the Moscow parade. It does suggest, however, that Moscow’s political ownership of the date is less automatic than it once was. Victory Day, which commemorates the Soviet defeat of Nazi Germany in what Russia calls the Great Patriotic War, has long been one of the main rituals of modern Russian power. It draws large television audiences, fills public space with military symbolism, and presents the Kremlin as the guardian of a sacred national memory. The holiday speaks of sacrifice and family loss, but also of nationalism and state control over history. Putin has used that language repeatedly. On May 9, 2024, after appearing on Red Square in snowfall, he said Russia was going through a “difficult, milestone period,” and warned: “We will not allow anyone to threaten us. Our strategic forces are always in combat readiness.” In 2025, he used the 80th anniversary parade to link Soviet wartime memory to Russia’s current war, saying...

European Summit in Yerevan Sends a Signal to Central Asia

The 8th European Political Community summit in Yerevan highlighted deepening geopolitical fault lines while signaling that some post-Soviet countries, notably Azerbaijan and Armenia, are gradually shifting their geopolitical orientation away from Moscow. It is a realignment that Central Asian states are watching with increasing interest. On May 4, attention across post-Soviet space, from Russia and Belarus to Central Asia and the South Caucasus, turned toward Yerevan. Armenia, still a member of the Commonwealth of Independent States and the Eurasian Economic Union and formally tied to the Collective Security Treaty Organization despite freezing its participation, hosted Europe’s political leadership. Among those attending were French President Emmanuel Macron, NATO Secretary General Mark Rutte, European Commission President Ursula von der Leyen, European Council President António Costa, and prime ministers including Donald Tusk, Keir Starmer, and Petteri Orpo. Azerbaijani President Ilham Aliyev participated via video link. No Central Asian leaders attended the summit. Even so, the gathering carried a message for the region. Armenia hosted Europe’s political leadership while remaining tied to Moscow-led structures, including the CIS and the Eurasian Economic Union. For Central Asian governments pursuing their own multi-vector policies, the summit showed how a post-Soviet state can widen its diplomatic options without a clean break from Russia. The parallel is not exact, but it is visible. Kazakhstan and Kyrgyzstan remain in the Eurasian Economic Union, while Kazakhstan, Kyrgyzstan, and Tajikistan remain in the CSTO. All five Central Asian states maintain working ties with Moscow, while expanding contacts with the EU, Turkey, China, and the Gulf, part of a wider effort to diversify foreign policy options through closer engagement with Europe and other outside powers. Turkey was represented by Vice President Cevdet Yılmaz, the highest-level Turkish official to visit Armenia since then-President Abdullah Gül in 2008. Turkey and Azerbaijan largely positioned themselves as counterweights to the dominant European framing, marking one of the summit’s key geopolitical divides. Aliyev adopted a confrontational tone, announcing a suspension of relations with the Parliamentary Assembly of the Council of Europe and the European Parliament. “Instead of addressing fundamental problems of some member states, such as xenophobia, Islamophobia, antisemitism, migration, competitiveness, and homelessness, the European Parliament targets Azerbaijan, spreading slander and lies,” Aliyev said. “And the reason is that Azerbaijan restored its territorial integrity and sovereignty, put an end to separatism, and brought war criminals to justice.” In response, António Costa sought to soften tensions, emphasizing the summit’s historical significance as the first of its kind held in the South Caucasus and highlighting Aliyev’s participation as a symbol of peace efforts in the region. Cevdet Yilmaz focused on bilateral diplomacy, meeting Romanian President Nicușor Dan to discuss trade, regional issues, and global challenges. He also held talks with Armenian Prime Minister Nikol Pashinyan, the summit’s host. The two sides signed a memorandum of understanding on the joint restoration of the historic Ani Bridge, located on the border between the two countries and dating back to the 11th century. Yilmaz suggested that Armenia would benefit from closer alignment with Turkey...