• KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
26 October 2026

Viewing results 31 - 36 of 1226

Central Asia and Azerbaijan Head to Avaza for First Formal Summit

On Thursday, Turkmen President Serdar Berdimuhamedov is due to receive Kassym-Jomart Tokayev, Sadyr Japarov, Emomali Rahmon, Shavkat Mirziyoyev, and Ilham Aliyev in a place built to impress visitors. Thursday’s meeting will be the first formal consultative summit since Azerbaijan joined the format as a full participant in November 2025. The six presidents have already met once in the new configuration, at an informal gathering in Cholpon Ata on July 31, where they signed a declaration covering closer cooperation on transport, energy, trade, and security. Construction of Avaza began in late 2007, as Turkmenistan sought to create a national showcase on its Caspian coast. The resort’s hotels and sanatoria sit among parks and entertainment complexes, while eleven road and foot bridges span a seven-kilometer artificial canal. According to official figures, its hotels and recreation facilities can accommodate more than 10,000 vacationers. State institutions send employees there for summer holidays, echoing the Soviet tradition of workplace-organized vacations. These holidays help fill a resort where the seasonal rhythms differ sharply from everyday life in neighboring Turkmenbashi. Officially, Avaza is a district of Turkmenbashi, a city of around 90,000 residents located 580 kilometers west of Ashgabat across the Karakum Desert. The working city's economy is built around oil refining, the port, and transport. The Turkmenbashi International Seaport traces its history to 1896 and was rebuilt on a large scale before reopening in its current form in 2018. The Turkmenbashi refinery complex was founded in 1943 and remains one of the country's main oil-processing centers. The city itself was known as Krasnovodsk until 1993, when it was renamed Turkmenbashi after the title used by then-President Saparmurat Niyazov. The sea that was supposed to be Avaza's main attraction is now retreating from it. In 2024, one visitor told RFE/RL that the shoreline was 25-30 meters farther away than when his family had swum there three years earlier. A correspondent found hotels creating new beach areas farther out, while dredging was underway near the port. By September 2026, shallower water was forcing some ferries to carry lighter loads and pushing ports around the sea into costly dredging and berth work. The effects are already visible along the coast where the leaders will meet. [caption id="attachment_57713" align="aligncenter" width="1774"] The Avaza resort on Turkmenistan’s Caspian coast, where the five Central Asian presidents and Azerbaijan’s Ilham Aliyev are due to meet on October 8.[/caption] Turkmenistan is also hosting Caspian-focused meetings around the leaders' gathering, while the October 8 agenda includes climate, water, trade, energy, transport, and regional security. At the November 2025 summit in Tashkent, the five Central Asian presidents unanimously approved Azerbaijan’s admission as a full participant, extending the grouping across the Caspian into the South Caucasus. Aliyev has been careful to mark the change. At the informal meeting in Cholpon Ata on July 31, he said: "I previously participated as a guest of honor, but today I am taking part as a full member of the team." The format dates to 2018 and was deliberately light on bureaucracy....

Central Asia Wins 186 Asian Games Medals as Uzbekistan Finishes Fifth

Athletes from Central Asia’s five countries won 186 medals at the Asian Games in Japan, where Uzbekistan finished fifth overall and Kazakhstan claimed the region’s largest medal haul. The 20th Summer Asian Games were held from September 19 to October 4 in Aichi-Nagoya, Japan. China once again topped the medal table, followed by Japan and South Korea. Uzbekistan won 70 medals, including 21 golds, matching its fifth-place finish at the previous Games in Hangzhou. The result follows a 13th-place finish in the medal table at the 2024 Paris Olympics. Kazakhstan won 84 medals, including 12 golds, and finished eighth in the standings, up from 11th at the previous Asian Games. Among Kazakhstan’s champions was road cyclist Alexey Lutsenko, whose two victories took his Asian Games career tally to six golds, making him the country’s most successful athlete in the competition by number of gold medals. Boxers Torekhan Sabyrkhan and Aibek Oralbay also won gold. Kazakhstan’s men’s épée fencing team claimed another title, while Vladislav Yakovlev and Ivan Chernukhin took gold in the men’s pair rowing event. Kazakhstan’s Yasmina Toxanbayeva crossed the line first in the women’s marathon race walk, a 26.2-mile event, but was disqualified because her shoes did not comply with World Athletics requirements. The Kazakhstan Athletics Federation challenged the decision. Tajikistan won 16 medals and finished 22nd, surpassing its previous record of seven medals at a single Asian Games. Before the Japan Games, the country had won 35 medals in total across all previous Summer Asian Games appearances. Kyrgyzstan finished 26th with 14 medals, including one gold and three silvers. The country also won 10 bronzes, and all but one of its medals came in combat sports. Turkmenistan’s two silver medals went to karate athlete Davut Nazmyradov and weightlifter Shahzadbek Matyakubov. Matyakubov finished second in the men’s 110-kilogram category behind Uzbekistan’s Akbar Djuraev. The next Summer Asian Games will be held in Doha in 2030.

Opinion: Building Bridges, Backing the Future: Why Entrepreneurs Must Connect Across Borders

In the age of AI, capital and code travel fast. Trust does not. That is why the most valuable infrastructure our region can build right now is human: entrepreneurs who know each other across borders. This week in Baku, at the CAMCA Forum 2026, two moments stayed with me. The first was a conversation on stage with investor Lucy Chow about what it means to back the future when artificial intelligence is rewriting the rules of business. The second happened a day earlier, quietly, at a signing table. The CAMCA network signed a Memorandum of Understanding with YEGAP, the Young Entrepreneurs Group of Asia Pacific. Mr. Hiromi Aoki travelled from Japan to be with us. The purpose is simple to state and hard to do: build a lasting bridge between the founders of Central Asia, Mongolia, the Caucasus and Afghanistan and their peers across Asia-Pacific. Those two moments are connected. The more powerful technology becomes, the more the advantage shifts to people who are connected to other people. What "backing the future" means now I opened our session by asking Lucy what "backing the future" means to her. We spent the next hour testing that phrase against the realities of AI: what is truly different about this wave, where the signal ends and the hype begins, and where entrepreneurs still have room when so much capital flows to a handful of AI giants. The answer that emerged was reassuring. AI changes the tools, the speed and the cost of building a company. It does not change what makes a company worth backing: a visionary founder, a real problem, a great solution, a customer who will pay to solve it, and a team that can execute and adapt. What AI does change is the bar. When anyone can build a prototype in a weekend, a prototype is no longer proof. The proof is distribution, domain knowledge and trust with customers. Those are exactly the things the world's largest AI labs cannot buy in Almaty, Tashkent, Ulaanbaatar or Baku. That is where the space for our entrepreneurs lies. Not in competing to build the biggest foundation models, but in applying AI to the industries we know better than anyone: agriculture and herding, logistics along new trade corridors, remittances and financial inclusion, energy, health, education and natural resources. The main focus should be to really focus on our uniqueness and take that to the world and showcase our local identity. Investors back people, and people are shaped by their networks When technology moves this fast, how do you judge a founder? The qualities we discussed are not new: resilience, curiosity, honesty about what is not working, and the speed to learn and change course. What is new is how quickly those qualities are tested. A founder today may need to rebuild a product three times in the time it once took to build it once. One quality matters more than it used to: the ability to learn from others. No founder can track...

Opinion: CAMCA: From Regional Connectivity to Cross-Border Innovation

What would it take for a fintech company that succeeds in one CAMCA country to enter another without starting from zero? That question guided a roundtable on the next digital Silk Road at the CAMCA Regional Forum in Baku. The discussion brought together leaders in financial services, investment, and technology from a region spanning Central Asia, the Caucasus, Mongolia, and Afghanistan. As moderator, I wanted to move beyond the broad ambition of regional connectivity and examine what companies need to operate across borders: working payment systems, partnerships, regulatory clarity, and a path to their first customer in a new market. The panel featured Tughra Musayeva, Head of Innovations at PASHA Financial Holding; Jenny Jenish kyzy, Product Owner at MBank Junior and a CAMCA Network member from Kyrgyzstan; Muna Shukurova, Managing Director of Alif in Uzbekistan and a CAMCA Network member from Tajikistan; and Jonathan Low, Founder and Group CEO of Ampyre Group and Biptap. A central theme was financial infrastructure. The speakers explored the potential for pilots using existing platforms to connect CAMCA markets, including cross-border payments, business settlements, digital wallets, and new settlement technologies. Such pilots would require regulators and private companies to work together on defined problems and learn from results. Mr. Low argued that the region has an opportunity to make deliberate choices about the systems it wants to build: “Most regions overregulate before they even know what they're building. CAMCA has an advantage here, it can watch Europe's and ASEAN’s fintech buildout and skip the mistakes instead of repeating them and learn what works. But that only works if you decide what you want first. Regulation should follow the vision, not replace it. And the tool that actually unifies a region this spread out is banking orchestration, new technology stitching fragmented markets into one functioning system.” Expansion also raises a practical question for companies already active in more than one market: which capabilities can travel, and which parts of a product must change? Requirements for licensing, identity checks, anti-money-laundering controls, infrastructure, and consumer behavior differ across countries. Ms Shukurova drew on Alif’s experience of entering other CAMCA markets: “Regional expansion is not a copy-paste exercise. You can replicate technology, risk expertise and operating capabilities, but the product still has to be built around local regulation, infrastructure and customer behavior. The core can travel; the market fit has to be local.” The panel then turned to the role of established financial groups. For a startup, a successful pilot can demonstrate that a solution works. It becomes more valuable when that result helps the company find a partner or customer in its next market. Corporate networks and regional investors can help make that step less costly. Ms Musayeva described the gap between proving a product and expanding it: “In our region, a startup does not scale simply because its technology is scalable. It scales when the ecosystem reduces the cost of entering the next market. Today, a founder who has proven a solution in Tashkent still arrives in...

How Central Asian Small Businesses Are Earning More From Local Products

For Ikhtiyor Alimov, finding foreign buyers was only part of the challenge. His dried-fruit business in northern Tajikistan also needed enough equipment to fill its orders. Alimov founded Mevai Zarrin in Isfara with eight workers and handmade machinery. Its processing capacity eventually reached 200 kilograms a day, but manual production limited further growth. With the support of the United Nations Development Programme (UNDP), the company upgraded its equipment and packaging. It can now process 600–650 kilograms daily, according to the organization’s account of its development. “We were able to reduce our product waste by 20%,” Alimov said in UNDP’s regional account of the program. Across Central Asia, small producers face similar difficulties. Processing a harvest before selling it can increase producers’ earnings, but expansion requires investment that many family businesses struggle to afford. The Finland-funded Aid for Trade initiative, implemented by the UNDP, is closing after more than 15 years of work across Kyrgyzstan, Tajikistan, and Uzbekistan. UNDP and Kyrgyzstan’s Ministry of the Economy presented results in Bishkek on September 24, discussing which forms of support should continue beyond 2026. In Tajikistan, UNDP reported that the initiative helped create 147 jobs, including 90 for women since 2022. At Mevai Zarrin, support depended partly on buying fruit from local farmers and connecting producers in southern Tajikistan with processors in the north. The company signed contracts with ten farming households in Khatlon, securing supplies while giving growers another outlet for their harvests. Pooling smaller harvests can make deliveries large enough for a processor to buy. For farmers, those arrangements offer a route beyond nearby markets without requiring each household to become an exporter. Mevai Zarrin also obtained FSSC 22000 food safety certification to help it pursue new customers. In UNDP’s September profile, Alimov said the company had sent samples to prospective buyers in Germany and was awaiting their response. Processing the Harvest In Uzbekistan’s Andijan region, Dildora Nurmatova’s family business, ErElDi, has increased its profits by processing peanuts. Nurmatova began investigating the crop during her agricultural studies. By 2024, her enterprise was harvesting five metric tons from one hectare. According to UNDP’s regional retrospective, selling processed snacks rather than raw peanuts tripled her profits. [caption id="attachment_57615" align="aligncenter" width="1920"] Dildora Nurmatova in her peanut field in Uzbekistan’s Andijan region. Image: Elyor Nemat, UNDP Uzbekistan[/caption] Aid for Trade supplied processing and packaging equipment, alongside a separate workshop and a three-phase electricity connection. Business advice helped the family develop products and organize production. The company supplies packaged peanuts to Andijan’s wholesale market. Lower-grade kernels go into milled products for bakeries and ice-cream producers, giving the family a market for material that cannot be sold as premium snacks. ErElDi’s customers are close to home. The family can earn more from its harvest by doing the processing itself, before it considers the costs of finding buyers abroad. In Kyrgyzstan, UNDP reported that the project contributed to 837 new jobs, including 548 for women, and supported export contracts worth $17.1 million since 2022. [caption id="attachment_57610" align="aligncenter" width="2400"] Beekeepers...

Why Central Asian Governments Are Regulating Religious Life

Kyrgyzstan is requiring bloggers and other social media users who publicly preach religion online to obtain a special certificate. The website of the National Agency for Religious Affairs and Interethnic Relations includes an application form for registration as a “religious preacher.” Nurgazy Kyrgyzbaev, a chief specialist at the agency, announced the measure on local radio. He said the requirement stems from the country’s new religion law, which introduced the legal category of “religious preacher.” “People who want to publicly call others to religion must obtain a special certificate. Their religious education will be considered first and foremost. Recently, people have appeared online who call themselves bloggers and create religious content,” Kyrgyzbaev said, adding that their religious qualifications had previously gone unchecked. This, he argued, created a risk of inaccurate or misleading religious information being spread. Under the new system, applicants must have higher or secondary religious education and obtain the consent of the relevant central religious authority before registering with the agency. For Muslim applicants, this means approval from the Spiritual Administration of Muslims of Kyrgyzstan, or Muftiate. Kyrgyzbaev said Muftiate employees engaged in preaching are automatically treated as religious preachers. Kyrgyzstan has traditionally allowed greater religious diversity than most of its Central Asian neighbors, including a wider range of Islamic movements. It remains the only country in the region where Tablighi Jamaat and the Nurcular movement can operate legally. Tablighi Jamaat, for example, is banned as extremist in Kazakhstan, Tajikistan, and Uzbekistan. Religious Freedom Concerns Across the Region Central Asia has long attracted criticism from international religious-freedom monitors. In its 2026 annual report, the U.S. Commission on International Religious Freedom (USCIRF) recommended that the U.S. State Department place Kazakhstan, Kyrgyzstan, and Uzbekistan on its Special Watch List for severe violations of religious freedom. It recommended that Tajikistan and Turkmenistan be designated Countries of Particular Concern, a higher category reserved under U.S. law for governments accused of particularly severe violations. According to USCIRF, Tajik authorities continued to use the country’s law on traditions and ceremonies to regulate religious life, including through fines and public campaigns. After amendments adopted in 2024 prohibited the import, sale, promotion, and wearing of clothing deemed “alien to national culture,” authorities also campaigned against what they described as foreign styles of dress. USCIRF and other religious-freedom monitors have reported even tighter state control in Turkmenistan, where religious activity outside officially approved structures remains heavily restricted. Reports have described pressure on religious leaders to provide information to the authorities about believers practicing outside state-sanctioned forms of Islam. USCIRF has argued that Tajikistan and Turkmenistan, like other Central Asian states, apply extremism laws to religious practices that involve neither violence nor incitement. Religion Moves Online in Kazakhstan In Kazakhstan, as in Kyrgyzstan, mosques are no longer necessarily the primary source of religious knowledge for younger people. At independence in 1991, Kazakhstan had only 68 mosques. The Spiritual Administration of Muslims of Kazakhstan reported 2,945 functioning mosques at the beginning of 2026. The expansion reflects the extraordinary revival of...