• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10460 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10460 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10460 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10460 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10460 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10460 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10460 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10460 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%

Viewing results 1129 - 1134 of 2841

Uzbekistan and EU Look to New Areas of Cooperation

On November 5, the government of Uzbekistan and the European Union held the 7th meeting of their Subcommittee for Development Cooperation in Tashkent, Uzbekistan. The parties reviewed the EU’s ongoing projects in Uzbekistan and agreed to closer cooperation in transport, critical raw materials, digitalization, and territorial planning. As reported by the EU Delegation to Uzbekistan, the parties discussed the progress of the ongoing EU-funded project, “Further Improvement of Public Services Delivery in Uzbekistan,” which has increased Uzbek citizens’ access to public services in rural areas; projects addressing corruption; and budget support and expertise worth 27 million euro for agricultural reforms. The EU and the Uzbek government also addressed potential new areas of cooperation, such as critical raw materials, transport, territorial planning of urban and rural areas, and women’s economic empowerment. As part of the Multi-annual Indicative Program for 2021-2027, the EU will allocate around 43 million euros for new bilateral programs to be launched between 2025 and 2027. An additional 30 million euros will be allocated to regional programs supporting border security, digitalization, including access to the Internet, and national migration policies. The Multi-annual Indicative Programme for 2021-2027 sets the priorities for the EU-Uzbekistan cooperation. The priority areas are effective governance, green and digital growth, and sustainable agri-food sector. In April 2024, the European Commission and Uzbekistan signed a Memorandum of Understanding for a strategic partnership on critical raw materials (CRMs), which marked a significant step towards a diversified and sustainable supply of CRMs for green and digital transitions in both the EU and Uzbekistan. Rich in copper, molybdenum, and gold, Uzbekistan has the second-largest reserves of CRMs in Central Asia (after Kazakhstan).

Mirziyoyev Calls for Independent Palestinian State with East Jerusalem as Capital

Speaking at this week's summit of the Organization of Turkic States in Bishkek, Uzbekistan's president Shavkat Mirziyoyev has once again discussed the situation in the Middle East. Mirziyoyev noted that global geopolitical processes have become increasingly complex since the start of the war in the region. The atmosphere of competition and mistrust between countries is intensifying, the hotbeds of conflict and war are increasing, and various dangers are growing. "These problems are a severe obstacle to our joint plans and big projects in trade, investment, transport, energy, agriculture, and other fields; this is the truth," Mirziyoyev said. “It is, first and foremost, about the ongoing war in the Middle East and the double standards that we see. Nothing can justify the unprecedented humanitarian tragedy in Gaza and Lebanon, the devastating attacks against civilians, especially the death of innocent children, the elderly, and women. We strongly condemn the actions aimed at restricting the activities of the United Nations Relief and Works Agency for Palestine Refugees. The only solution to this long-standing conflict is the establishment of an independent State of Palestine with East Jerusalem as its capital, based on the 1967 borders, by international regulations and resolutions,” noted Mirziyoyev. He hoped the Arab-Islamic Summit in Riyadh next week would find a clear political solution to this problem. He also highlighted the importance of Afghanistan’s stability: “When it comes to security, we believe Afghanistan should always be at the focus of our Organization. In this regard, it is crucial to establish a regular dialogue mechanism at the ministerial and expert levels. We believe that the issues of providing support to de facto authorities in addressing acute problems in Afghanistan, integrating this country into regional economic processes, and implementing social and infrastructure projects should be considered.”

Von der Leyen Affirms EU’s Commitment to Uzbekistan

On November 6, the European-Uzbekistan Economic Cooperation Association opened the European Economic Days 2024 in Tashkent. At the ceremony, the President of the European Commission, Ursula von der Leyen, sent a video message to the event participants expressing her support for Uzbekistan’s efforts to restore its central position on Asian and world trade routes. More than 300 representatives from Uzbek and European governments and business sectors participated. Von der Leyen highlighted three main areas of cooperation between the European Union and Uzbekistan, which have grown significantly in recent years. She began by emphasizing Uzbekistan’s historical role as a “beating heart” of global trade. “For centuries, European merchants traveled to Samarkand, Bukhara, and Khiva for clothing and ceramics,” she said, recalling the stories these merchants would bring back of Uzbekistan’s palaces, landscapes, and vibrant culture. She noted that Uzbekistan seeks to open to the world once again. Her first example of collaboration focused on trade: “Since 2021, we opened the European market to Uzbek goods, and exports, especially in textiles and metallurgy, have rapidly increased,” she said, adding that there is still vast growth potential. Von der Leyen then turned to investment, mentioning the EU’s Global Gateway program, which supports Uzbekistan’s goal of global connectivity. She highlighted the EU’s investment of up to 10 billion euros, alongside international partners, in the Trans-Caspian Corridor—the shortest, safest route from Europe to East Asia, connecting Central Asia and Europe in less than 15 days. Additionally, she noted efforts to connect Uzbekistan to the EU satellite network to bring advanced digital communications to even the country’s most remote areas. Her final example centered on expanding EU cooperation in Uzbekistan’s strategic sectors. She referenced an agreement signed in April 2024 to bolster supply chains for critical minerals, a project that aims to create jobs and add value locally. “While some global investors focus solely on raw material extraction, that’s not us,” she emphasized, reaffirming Europe’s commitment to supporting domestic industry, job creation, and value-added production in line with high standards. Concluding her speech, Von der Leyen expressed hope that the forum would establish effective cooperation, new business opportunities, and strong relations between Europe and Uzbekistan. She also announced plans for the first-ever “Central Asia—EU” summit in Samarkand next year, marking another step in the region’s evolving relationship with the EU.

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...