• KZT/USD = 0.00219
  • TJS/USD = 0.10840
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00219
  • TJS/USD = 0.10840
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00219
  • TJS/USD = 0.10840
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00219
  • TJS/USD = 0.10840
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00219
  • TJS/USD = 0.10840
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00219
  • TJS/USD = 0.10840
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00219
  • TJS/USD = 0.10840
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00219
  • TJS/USD = 0.10840
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
27 October 2026

Viewing results 37 - 42 of 947

Turkmenistan Marks 35 Years of Independence Amid Reports of Shortages

Turkmenistan marked 35 years of independence on September 27 with a military parade and mass celebrations in Ashgabat. The festivities followed independent reports of food shortages and disrupted public transport in the capital. President Serdar Berdimuhamedov attended the parade at the State Tribune complex, where military units and armored vehicles passed before the country’s leaders. The official account described mounted formations and a simultaneous naval display on the Caspian Sea. A civilian procession followed, with decorated floats representing the country’s regions and economic sectors. Performers in traditional dress joined the celebrations, while the government presented Berdimuhamedov with an Akhal-Teke horse named Vatan. The anniversary program had begun before the holiday itself. On September 26, Berdimuhamedov attended a concert at Ashgabat’s Congress Center. According to state media, the performance included patriotic songs celebrating the president and his father, Gurbanguly Berdimuhamedov, who chairs the Halk Maslahaty. Official coverage presented the anniversary as a demonstration of national unity and economic progress. The celebrations also provided an occasion for state awards, while the president signed a decree pardoning 1,054 convicted Turkmen citizens ahead of the anniversary, according to a September 26 government report. He instructed the defense minister and law enforcement officials to arrange for their release and return to their families. The report did not provide a breakdown of their convictions. A separate decree declared September 28 a non-working day and moved the day off falling on Sunday, September 27, to September 29, extending the holiday break through Tuesday. However, independent reporting from Ashgabat described pressures on everyday life during preparations for the anniversary. On September 22, Chronicles of Turkmenistan reported reduced supplies of meat and rising food prices in the capital. Its correspondents said chicken legs usually sold for 16 manats per kilogram ($4.57 at the official rate) had become difficult to find. Chicken previously priced at 35 manats per kilogram was available only intermittently at the Paýtagt shopping center, where it now cost 39 manats. Vegetables and potatoes had also become more expensive. Chronicles of Turkmenistan attributed this partly to reduced supplies from neighboring Iran. The reports reflect a longer-running pattern. The Times of Central Asia previously documented shortages and rationing in state food stores, where subsidized staples remained scarce despite rising prices. In a separate September 21 report, Chronicles of Turkmenistan said many of Ashgabat’s buses had been diverted to preparations for Independence Day and the September 23 Halk Maslahaty meeting. Vehicles were carrying performers and other participants to rehearsals, while ordinary passengers faced long waits. The report described overcrowded services during rush hour, and said some taxi drivers had doubled short-distance fares from 10 to 20 manats per passenger. Turkmenistan declared independence from the Soviet Union on October 27, 1991. The authorities moved the annual holiday to September 27 in 2018, so this year’s official celebrations preceded the historical anniversary by one month.

Central Asia Growth Forecasts Remain Strong in Latest ADB Outlook

Four of Central Asia’s five economies are expected to grow faster in 2026 than developing Asia and the Pacific as a whole, according to the Asian Development Bank’s September Asian Development Outlook. ADB forecasts growth of 5% across developing Asia and the Pacific this year, compared with 8.9% in Kyrgyzstan, 7% in Uzbekistan and Tajikistan, and 6.3% in Turkmenistan. Kazakhstan is the exception, with growth forecast at 4.8%. Kyrgyzstan is growing faster than its neighbors but is also facing the highest inflation among the five countries. ADB forecasts inflation at 11.2% this year and 8.5% next year. Growth continues to be supported by domestic demand and sustained investment, while ADB says import dependence and electricity-generation shortfalls are contributing to inflationary pressures. For Uzbekistan, ADB forecasts gross domestic product growth of 7% and inflation of 6.7% in 2026. In 2027, the figures are expected to be 6.8% and 5%, respectively. Stronger-than-expected economic activity prompted ADB to upgrade Uzbekistan’s 2026 growth forecast in its September outlook. Tajikistan is also forecast to grow by 7% in 2026, with inflation at 4.5%. Growth is expected to slow to 6.8% in 2027, while inflation is forecast to edge up to 4.7%. ADB lowered its 2026 growth projection in September, saying the escalation of Russia’s war in Ukraine had disrupted fuel imports and constrained near-term economic activity. Kazakhstan, the region’s largest economy, is growing more slowly than its neighbors. ADB expects growth of 4.8% this year and 4.5% next year, with inflation forecast at 10.4% and 9.5%, respectively. The bank left its growth and inflation forecasts unchanged from its previous outlook, with inflation expected to ease only gradually. For Turkmenistan, ADB forecasts growth of 6.3% in 2026 and 6.2% in 2027, with inflation at 6% in both years. The country’s economic indicators remain more difficult to compare with those of its neighbors because of limited access to reliable and detailed economic data. Its economy also remains heavily dependent on natural gas exports, with China its main gas market. Central Asia’s growth figures look strong against the Asian backdrop, but ADB is warning of energy and climate risks across developing Asia and the Pacific. Prolonged disruption to global energy markets could keep oil and gas prices elevated and volatile. For energy importers, that means higher fuel costs and additional inflationary pressure, while hydrocarbon exporters may benefit from higher prices but remain vulnerable to disruption in production and export routes. Another risk is a very strong El Niño, which ADB expects to persist through the first quarter of 2027. Extreme weather could reduce agricultural production and push up food prices, while a decline in hydropower generation could increase demand for other energy sources. For Kyrgyzstan and Tajikistan, where hydropower supplies most electricity, weather and water availability add another layer of vulnerability. The differences between forecasts for the region remain substantial. In August, The Times of Central Asia compared projections from international financial institutions. The Eurasian Development Bank (EDB) forecast 2026 growth of 10.2% for Kyrgyzstan, 8.3% for Tajikistan,...

Rubio to Lead Major U.S. Business Delegation to Uzbekistan for C5+1 Talks

U.S. Secretary of State Marco Rubio will lead a delegation including executives from more than 100 American companies to Uzbekistan in October. The visit will bring a substantial business contingent to talks with Central Asia’s foreign ministers in Samarkand. Sergio Gor, the U.S. special envoy for South and Central Asia, announced the visit in a statement published by the U.S. Embassy in India. Gor said the talks would focus on “deepening regional economic connectivity, enhancing energy security,” alongside cooperation on shared regional priorities. The delegation is expected in mid-October, alongside a C5+1 ministerial meeting. The C5+1 format brings together the United States and Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Bringing executives from more than 100 companies gives Rubio’s visit a substantial commercial component. The delegation’s composition should indicate which sectors Washington is ready to back following last year’s C5+1 agreements. In November 2025, Rubio announced his intention to visit all five Central Asian countries in 2026. Speaking ahead of the Washington C5+1 summit, he suggested such a tour could take a week. The Samarkand announcement gives a destination and timeframe for his regional engagement, although it does not establish an itinerary covering all five states. President Donald Trump hosted the five Central Asian presidents in Washington on November 6, 2025. Commercial agreements featured prominently in the summit, reflecting a greater focus on investment within the C5+1 framework. The U.S. Commerce Department said the “Deal Zone” business event held alongside the November 2025 C5+1 summit featured more than $25 billion in announced commercial deals. Air Astana’s agreement covered up to 15 Boeing 787-9 aircraft, comprising five firm orders, five options, and five purchase rights. Tajikistan’s Somon Air announced plans to acquire up to four Dreamliners and ten 737 MAX jets. Uzbekistan Airways finalized an order for eight additional Boeing 787-9 aircraft during the summit. Boeing said the purchase brought the airline’s total order to 22 Dreamliners, converting options from an earlier agreement into firm orders. In mining, Cove Capital and Kazakhstan’s Tau-Ken Samruk agreed to develop the Severny Katpar and Verkhne Kairakty tungsten deposits. The projected $1.1 billion investment includes two processing plants and a metallurgical facility. Kazakhstan’s technology announcements included a memorandum for $2 billion in advanced AI-chip procurement, involving NVIDIA, Freedom Holding, and the country’s digital ministry. Critical minerals cooperation has also advanced since the Washington summit. During a February 4 visit to the U.S. capital, Uzbek Foreign Minister Bakhtiyor Saidov attended a ministerial meeting devoted to the sector and held talks with Rubio. Saidov and U.S. Deputy Secretary of State Christopher Landau signed a memorandum on mineral supplies, covering the mining and processing of critical minerals and rare earths. Uzbekistan’s Foreign Ministry said the country was seeking foreign technology and investment to develop the industry, with an emphasis on value-added production. For Tashkent, the unresolved question is how much mineral processing American investors will finance inside Uzbekistan. October’s talks could clarify whether February’s memorandum will lead to domestic processing facilities, allowing the country to retain more of the...

At the UN, Mirziyoyeva Champions “Human Dignity” as Central Asia Seeks a Greater Voice

Uzbekistan called for a more effective United Nations and sought support for its Security Council candidacy during the General Assembly’s September 23 debate. Delivering the national address, presidential administration chief Saida Mirziyoyeva urged countries to work together despite deepening international divisions. “Our choice is human dignity,” said Mirziyoyeva. “Openness does not mean weakness.” Speaking in Uzbek at the Assembly’s 81st session in New York, she argued that a country’s strength should be judged by its ability to protect people’s rights and interests. The message offered a basis for cooperation beyond competing geopolitical camps, with particular emphasis on young people’s opportunities to study and shape their futures. [caption id="attachment_56825" align="aligncenter" width="1774"] Image: Saida Mirziyoyeva/Telegram[/caption] A Larger Role at the UN Mirziyoyeva sought support for Uzbekistan’s candidacy for a nonpermanent Security Council seat in 2035–2036. She also highlighted the country’s forthcoming chairmanship of the Non-Aligned Movement in 2027, presenting it as an opportunity to widen dialogue during a period of international tension. She backed the secretary-general’s UN80 reform initiative and an expanded Security Council, arguing that the organization needed greater capacity to prevent conflict and implement its decisions. Her appeal was for international rules that apply consistently, rather than changing with the interests of powerful states. That concern also ran through Kyrgyz President Sadyr Japarov’s address, although he focused on unilateral sanctions and their impact on developing countries. The two speeches approached the issue differently, but both sought stronger multilateral protections for states with limited influence over the restrictions and conflicts affecting them. Kyrgyzstan has already secured its first Security Council seat for 2027–2028, giving Bishkek a vote on the sanctions and security decisions Japarov criticized. Afghanistan and Regional Cooperation Mirziyoyeva pointed to improving relations among neighboring Central Asian states as evidence that political will can help resolve longstanding disputes. She said disagreements over borders and water had increasingly given way to cooperation, with countries coming to see one another as partners. She applied the same argument to Afghanistan, warning against treating the country solely as a source of danger or abandoning its people to their difficulties. Her emphasis was on giving Afghans the prospect of peaceful development. Kazakhstan’s UN agenda also extends to Afghanistan through the regional Sustainable Development Goals center in Almaty, established to serve Central Asia and Afghanistan. Alongside its longstanding nuclear disarmament priorities, Kazakhstan is promoting cooperation on water security and has proposed an international water organization within the UN system. Measuring Progress in People’s Lives Mirziyoyeva linked her foreign policy message to Uzbekistan’s domestic reforms, citing economic growth and wider access to education. She said the economy had expanded from $50 billion to $147 billion over a decade and that poverty had fallen to 4%, presenting the figures as evidence of improvements in living standards. “The true value of reforms is reflected in people’s lives. Especially in children’s lives,” she said. She outlined forthcoming discussions with the UN Population Fund on demographic stability and human capital, and an international gathering in Samarkand in October focused on children’s...

Central Asia Trade Rises 25% as Kazakhstan and Uzbekistan Dominate

Central Asian countries are trading more actively with one another, although the regional market continues to be dominated by its two largest economies, Kazakhstan and Uzbekistan. In January-July 2026, the five countries exported $8.1 billion worth of goods to their neighbors, up 25.4% from a year earlier. Kazakhstan and Uzbekistan accounted for more than 80% of those shipments. Smaller bilateral routes have expanded as well. Uzbekistan’s trade with Kyrgyzstan increased by more than half, while trade with Tajikistan rose by 45%. Trade between Kyrgyzstan and Tajikistan rose by a factor of 3.3 after several years of border closure and sharply reduced economic ties. In absolute terms, trade between Kazakhstan and Uzbekistan remains the region’s largest bilateral flow. The figures were published by Uzbekistan’s Center for Economic Research and Reforms (CERR). Kazakhstan remains the region’s largest exporter. Over the seven-month period, it shipped $4.5 billion worth of goods to its neighbors, accounting for 55.9% of total intra-regional exports. Uzbekistan exported $2 billion, representing another 24.7%. Kazakhstan’s Central Asian neighbors still account for a relatively small share of the country’s overall foreign trade. In January-July, its total foreign trade turnover amounted to $87.75 billion. Central Asia accounted for around 6.7% of Kazakhstan’s total trade and 8.9% of its exports. By contrast, Kyrgyzstan’s trade volumes are much smaller, but neighboring markets are considerably more important to the country’s exporters, absorbing almost one-third of its exports. During the same period, Kyrgyzstan exported $523 million worth of goods to its neighbors and imported nearly $1.5 billion. Tajikistan buys considerably more from its neighbors than it sells to them. Its imports from Central Asia increased by 35% to $1.2 billion, while exports rose 6.2% to $209 million. Kazakhstan and Uzbekistan account for around 94% of Tajikistan’s trade with the region. Figures reported by Turkmenistan’s trading partners show that the country exported $844 million worth of goods to neighboring countries. Uzbekistan and Kazakhstan remain its main regional markets. The Eurasian Development Bank estimated that trade among Central Asian countries reached $12.3 billion in 2025, nearly double the 2020 level. Kazakhstan accounted for 54% of regional exports, as The Times of Central Asia previously reported. New transport and energy links are developing alongside intra-regional trade. In February, the World Bank approved an $846 million guarantee to mobilize $1.41 billion in commercial financing for a railway project in Kazakhstan. The project includes construction of the 201-mile Mointy-Kyzylzhar railway line on Kazakhstan’s section of the Trans-Caspian International Transport Route, or Middle Corridor. The new line is expected to shorten the route by 149 kilometers and relieve congestion on heavily used sections of the corridor. Central Asian countries are seeking closer integration of their power systems. In January, the World Bank approved the 10-year Regional Electricity Market Interconnectivity and Trade Program, with indicative financing of more than $1 billion, to establish Central Asia’s first regional electricity market. Cross-border electricity trade currently amounts to only around 3% of the region’s total electricity demand. In an earlier CERR analysis, researcher Ruslan Abaturov argued...

Central Asia at the UN: Iran Threats and Sanctions Disputes

U.S. President Donald Trump’s threat to “annihilate” Iran brought the vulnerability of Central Asia’s southern trade routes into focus as the UN General Assembly’s general debate opened in New York. Kyrgyz President Sadyr Japarov challenged unilateral sanctions, while diplomacy over Ukraine raised the prospect of a halt to attacks on energy infrastructure. For landlocked Central Asia, these developments carry consequences far beyond the speeches. Iranian ports provide access to overseas markets, Kyrgyzstan and Tajikistan rely heavily on fuel from Russian refineries, and restrictions on international payments can complicate commerce even where transport links remain intact. Iran and Access to the Sea Addressing the General Assembly on September 22, Trump presented a choice between reaching an agreement with Tehran and carrying out his threat to “annihilate the Islamic Republic and do it quickly.” He also predicted that an agreement could follow the U.S. midterm elections, while defending U.S. military action against Iran. [caption id="attachment_56719" align="aligncenter" width="1774"] Image: UN[/caption] That framing leaves Central Asian countries facing costs regardless of their position on Tehran. Iran provides overland connections to ports serving the Persian Gulf and Indian Ocean. Damage to Iranian infrastructure can therefore disrupt trade between Central Asia and countries that are not parties to the conflict. Uzbekistan’s exposure illustrates the distinction. According to its Ministry of Economy and Finance, goods worth $3.9 billion entered Uzbekistan through Iran in 2025. That represented about 9% of total imports, including approximately $1 billion in technological equipment. Uzbek exports transiting Iran were worth another $1.4 billion. Those figures measure transit, not simply purchases from Iranian suppliers. Pressure intended to isolate Tehran can also obstruct Uzbekistan’s access to equipment and customers elsewhere. Kazakhstan has also sought a larger southern outlet. A 27-year agreement provides for a Kazakh transport and logistics terminal at Shahid Rajaee Port in Bandar Abbas. Kazakhstan’s Ministry of Trade says the project would expand access to Gulf markets and destinations in Asia and East Africa. The risks differ by port. Bandar Abbas faces the Strait of Hormuz, while Chabahar sits on the Gulf of Oman, outside the strait. Both depend on Iranian infrastructure and remain exposed to the wider conflict and sanctions environment. Developing alternative routes does not make these southern connections dispensable. Nor is exposure uniform. Kazakh officials have emphasized the limited existing role of Persian Gulf shipments in the country’s logistics. For Astana, the threat concerns future diversification as well as current trade. For Uzbekistan, the transit figures show a substantial flow already at risk. Tajikistan, meanwhile, has sought 2.55 million tons of Iranian crude oil and fuel following shortages in Russian supplies. Its search for an alternative leaves Dushanbe exposed to two conflicts, with attacks on Russian refineries disrupting its established supplier, and the conflict involving Iran threatening a potential replacement. Japarov Challenges Sanctions In his General Assembly address, Kyrgyz President Sadyr Japarov argued that unilateral sanctions harm smaller developing states and can become instruments of political pressure. “The right to impose sanctions against a particular state should, in our view,...