• KGS/USD = 0.01152 -0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.09199 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01152 -0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.09199 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01152 -0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.09199 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01152 -0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.09199 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01152 -0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.09199 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01152 -0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.09199 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01152 -0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.09199 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01152 -0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.09199 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
07 April 2025

Viewing results 61 - 66 of 199

Bakyt Baketayev: Organization of Turkic States Is About Investment, Not Politics

The 11th summit of the Organization of Turkic States (OTS), which includes Kyrgyzstan, Kazakhstan, Uzbekistan, Turkmenistan, Azerbaijan, Turkey, and Hungary (as an observer), was held in Bishkek, Kyrgyzstan's capital. Speaking with The Times of Central Asia, Kyrgyz political analyst Bakyt Baketayev noted that the OTS was initially created on a cultural and linguistic basis. However, the turbulent geopolitical situation in the world gave the organization impetus for its current development. “The catalyst for the development of the OTS was the geopolitical situation and military-political events in the world. At the beginning of the organization's work - in 2009 - the countries worked on cultural programs and common spiritual issues uniting Turkic peoples. Today, the members of the OTS already cooperate at the level of governments, ministries, and agencies and discuss economic issues,” Baketayev said. Baketayev drew attention to the composition of the Organization of Turkic States. It includes countries representing different economic and political associations: NATO (Turkey), the European Union (Hungary), and the EAEU (Kyrgyzstan and Kazakhstan). “We should not expect any big results from the OTS summit. There will be no common political statements - the countries are scattered geographically and have different interests. But from the economic point of view of trade development and investment development, concrete steps are quite possible,” Baketayev said. The analyst is confident that the Organisation of Turkic States will help overcome problems related to hydropower and the lack of water resources in Central Asia. If the heads of state have common economic interests, they will be more likely to reach an agreement.

Central Asia Gears Up For Another Trump Term

Leaders in Central Asia have congratulated Donald Trump on his election to another term as U.S. president, a development that governments in the region will watch closely for its impact on trade, geopolitical tensions and other priorities. Central Asian governments generally seek to balance their relationships with the West alongside more entrenched ties to nearby Russia and China, and are likely to be sensitive to any disruption of the status quo as the United States transitions from the Biden administration to another Trump term. Trump defeated Vice President Kamala Harris in the election on Tuesday, making an extraordinary political comeback and promising that he will deliver “the golden age of America.” Uzbek President Shavkat Mirziyoyev sent a message of congratulations to Trump in which he reaffirmed Uzbekistan’s commitment to “deepening the strategic partnership” with the United States, Mirziyoyev’s press office said in a statement. “In his letter, he emphasized shared goals for enhanced cooperation across trade, security, and regional stability, marking a new chapter” in relations between Uzbekistan and the United States, the statement said. Last week, Uzbekistan wrapped up talks with the United States as part of its campaign to join the World Trade Organization by early 2026. President Sadyr Japarov of Kyrgyzstan sent a similar message, according to media reports. "I believe that your leadership experience and deep knowledge will create opportunities for further deepening of comprehensive cooperation between Kyrgyzstan and the United States of America, based on the principles of mutual respect,” Japarov said. In comments relayed to Trump, Kazakh President Kassym-Jomart Tokayev “expressed confidence that bilateral cooperation in the areas of security, nuclear non-proliferation, and investment would continue to develop consistently,” his office said. Tokayev wished Trump success in efforts to ensure “global stability and security.” There is likely to be basic continuity on matters such as anti-terror cooperation and a stated commitment to trade relations between the U.S. and Central Asia. However, one area of uncertainty is Trump’s warning that he will intensify tariffs on U.S. imports of goods from China, a major economic player across Central Asia. That, in turn, could lead to major fallout for the global economy. Another prominent question is whether Trump will push Western-backed Ukraine to reach a peace deal with Russia nearly three years after Russia’s full-scale invasion. Central Asian nations – specifically, the five former Soviet republics of Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan and Uzbekistan – have sought a position of neutrality, maintaining their relationships with Russia without offering clear support for the Russian military campaign. Relationships in the region might be due for recalibration if Russian President Vladimir Putin emerges emboldened from any Trump initiative in the conflict. Tokayev has already called for peace efforts to bring the war to an end, describing Russia as “militarily invincible.” There are concerns that Trump will erode U.S. democratic institutions in his second term, a potential disappointment for groups that would like to see the U.S. campaign harder for democratic freedoms in Central Asia. Trump has also promised mass deportations and...

Kyrgyzstan Hosts Summit of Organization of Turkic States

On November 6, Bishkek hosted the 11th Summit of the Council of Heads of State of the Organization of Turkic States (OTS). Chaired by Kyrgyzstan's President Sadyr Japarov and themed “Empowering the Turkic World: Economic Integration, Sustainable Development, Digital Future, and Security for All,” the summit was attended by President of Azerbaijan Ilham Aliyev, President of Kazakhstan Kassym-Jomart Tokayev, President of Turkey Recep Tayyip Erdoğan, President of Uzbekistan Shavkat Mirziyoyev, and Viktor Orbán, the Prime Minister of Hungary (observer state of the OTS). At the summit, the OTS chairmanship passed from Kazakhstan to Kyrgyzstan. In his speech, Kazakhstan's Tokayev summarized the results of his country's chairmanship of the OTS. Tokayev noted that Kazakhstan's chairmanship of the Organization of Turkic States was held under the motto "TURKTIME!" with special attention paid to strengthening the unity of the Turkic world and expanding comprehensive cooperation. Tokayev said that over the past 10 years, economic ties between the OTS members have strengthened significantly, and their trade volume exceeded $45 billion in 2024. According to Tokayev, strengthening transport and logistics ties within the OTS is a priority task. “It is necessary to fully utilize the potential of the Middle Corridor, which is strategically important for the further economic development of the Turkic world. Therefore, it seems necessary to agree to ensure the sustainable development of cargo transportation along this route.” Addressing the summit as the new chairman of the OTS, Japarov emphasized that the Organization has the unique potential to achieve high goals, strengthen its position in the international arena, intensify mutually beneficial cooperation, and create favorable conditions for the prosperity of its people. According to Japarov, during its chairmanship of the OTS, Kyrgyzstan will make every effort to develop economic partnership, sustainable development, digital integration, and strengthening common security. To expand trade and economic cooperation, negotiations will be initiated on intergovernmental agreements in services, finance, the creation and support of common labor markets, digital and e-commerce, intellectual property, agriculture, technology, innovation, tourism, and education. Japarov supported signing the Agreement on Partnership in the Field of Digital Economy, which will facilitate digital trade between the Turkic states. Joint measures to combat the challenges associated with climate change and environmental pollution will be one key area of Kyrgyzstan's chairmanship. According to Japarov, over the past 70 years, the area of glaciers in Kyrgyzstan has decreased by 16%. These glaciers are a source of drinking water for Kyrgyzstan and the entire Central Asian region. “Considering that our region is among the most vulnerable to global warming, by 2100, we may lose more than half of the glaciers,” the Kyrgyz president warned, adding that “we will develop cooperation in the implementation of joint green projects in the field of renewable energy, forest restoration, the introduction of resource-saving and energy-efficient technologies, the protection of glaciers and biological species, as well as the fight against land degradation and desertification.” Addressing the summit, Turkey's Erdoğan said: “I wholeheartedly believe that the decisions we will make today to achieve the targets we...

Ashgabat May Have a Metro System by 2035

Vladimir Petruk, managing director of Interbudmontazh Company, told the CIET-2024 international conference that a metro system may be built in Turkmenistan's capital Ashgabat by 2035. Petruk said that specialists from the Japanese company Sumitomo, the Japanese Subway Association, and the German consulting group K2 have studied Ashgabat's geological and seismic conditions. The study's results confirmed the possibility of building the subway using reinforced concrete structures. The Ashgabat metro plan calls for an environmentally friendly transportation solution. In the future, it could connect the capital with the “smart city” Arkadag and the settlements of Geokdepe and Anau. According to forecasts, construction could be completed by 2035. “Given the growing wealth and the increasing number of cars, the metro will become essential to solve the city's transportation problems,” Petruk emphasized, noting the successful experience of operating metros in seismically active regions. Consultations with the Ministry of Construction and Architecture of Turkmenistan are ongoing, and the UN mission plans to cooperate with the country to support the urban infrastructure development program. Turkmenistan currently does not have a metro. The idea of building a metro in Ashgabat has been discussed since 2008 when the city mayor's office attracted companies from St. Petersburg to the project. In 2014, then-President Gurbanguly Berdymuhamedov instructed the Ukrainian construction association Interbudmontazh to consider the possibility of realizing this project. In 2020, the company presented the Ashgabat metro construction project developed jointly with Sumitomo and K2. However, specific dates for the start of construction and commissioning of the metro in Ashgabat have not yet been announced.

Turkmen Business Prepares for WTO Integration

Ashgabat recently hosted a two-day seminar on Turkmenistan's prospects for joining the World Trade Organization. The event, organized by the Ministry of Finance and Economy and the International Trade Center (ITC), brought together representatives of the country's private sector and government agencies. ITC international experts Daria Karman, Alyson Hook, and Nurlan Kulbatyrov shared practical integration experience into the global trading system with the participants. Special attention was paid to Kazakhstan, whose path to the WTO can serve as an illustrative example for Turkmenistan. Among the key topics of discussion were the need to adapt legislation to international standards, reform trade policy, and modernize mechanisms for regulating foreign economic activity. For Turkmen entrepreneurs, accession to the WTO opens access to world markets and creates favorable conditions for increasing exports. However, this will require a significant increase in local enterprises' competitiveness and the introduction of modern production technologies. According to the event organizers, the active discussion of integration processes testifies to Turkmen business's serious attitude toward international cooperation. Such seminars are part of Turkmenistan's comprehensive preparation for accession to the WTO. In the future, this should create additional incentives for entrepreneurship and increase the country's export potential. Representatives of government agencies and the business community actively participated in the seminar, which confirmed Turkmenistan's interest in deepening integration processes and expanding international trade cooperation.

IDB to Fund $156.3 Million for Cancer Hospitals in Turkmenistan

Turkmenportal reported that a Turkmenistan delegation visited Washington DC from October 22 to 26 to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank, along with related events. During the visit, representatives of Turkmenistan's financial and banking sector engaged in bilateral discussions with foreign partners. According to the Saudi Press Agency, the Islamic Development Bank (IDB) has approved $156.3 million in funding to build three specialized cancer treatment hospitals in Turkmenistan. These modern facilities will be located in Balkanabad, Turkmenabad, and Mari, with a combined capacity to serve over 11,750 patients. The agreement was signed in a meeting between IDB President Muhammad Al Jasser and Rahimberdi Jepbarov, Chairman of the State Bank for Foreign Economic Affairs of Turkmenistan. Meanwhile, on October 24, Swiss pharmaceutical company Roche, in partnership with Nobel Almaty Pharmaceutical Factory, launched the production of innovative drugs in Almaty, Kazakhstan. This initiative is part of an agreement between Roche, Kazakhstan’s SK-Pharmacy, Nobel, and the Kazakh Research Institute of Oncology and Radiology, supported by Kazakh Invest. Under this collaboration, Roche will locally produce three biotechnological drugs to treat HER2-positive breast cancer, a highly aggressive form affecting up to 20% of breast cancer patients in Kazakhstan.